Africa Finance Corporation, Bank of America lead insightful discussion on climate finance funding for Africa | The Guardian Nigeria News - Nigeria and World News

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During the U.S.-Africa Leaders Summit, an event titled “Innovating Finance for Climate Change” provided some of the most insightful discussions. The event involved a highly curated group, across a wide range of disciplines, all of whom are critical to finding creative solutions to closing the gap in Africa’s need for funding for its vast demand […]

Rita Babihuga-Nsanze, Sanjeev GuptaMary Porter Peschka, Prof Khaled Dabees, Dr. Amany AsfourChinelo Anohu, Prof. Benedict Okey Oramah, Samaila Zubairu, Yvonne IkeCheryl Mills, Stephen Murray, Selim BoraThe conversation among 50 participants covered much ground.

The Africa Finance Corporation and Bank of America presented examples of innovative financing structures that their institutions have developed to bring much needed climate finance funding to Africa.AFC, who have invested over $10 billion in 37 African countries, is one of the largest investors in clean power on the continent, through a recent joint acquisition of Lekela Power, the largest renewables IPP in Africa.

 

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