AfDB: Africa needs private sector investment to achieve emissions reduction target | TheCable

April 26, 2023 12:44 PMThe African Development Bank Group says Africa needs more private sector investment to achieve emissions reductions and adapt to the impacts of climate change.issued on Tuesday, the bank said African countries are experiencing financing constraints and resources to combat climate change and support a green economy.

“While nations across the continent grapple with financing constraints, resources from the international private sector, including multilateral development financiers such as the African Development Bank, are helping to catalyze climate action and green growth. “It is the reason the Bank Group has made mobilizing private sector financing for climate and green growth the centerpiece of its 2023 Annual Meetings scheduled for 22-26 May in Sharm El Sheikh, Egypt.

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