Sharp Daily
No Result
View All Result
Sunday, August 31, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Corporate leaders urged to spearhead climate financing at Africa Climate Business Forum

Editor SharpDaily by Editor SharpDaily
November 6, 2023
in News
Reading Time: 1 min read

In the recent Africa Climate Business Forum, corporate leaders were urged to assume a prominent role in climate financing.

Mary Peschka, the Regional Director for East Africa at the International Finance Corporation (IFC), emphasized the significance of private sector contributions in addressing climate change, stating, “Estimates indicate that approximately three-quarters of climate investments must originate from the private sector to complement public sector funding, underscoring its central role.”

The forum’s primary objective was to formulate a comprehensive strategy for tackling climate change and advancing sustainability across diverse sectors of the economy, attracting over 300 business and government dignitaries.

Speakers underscored the pivotal role of climate financing in our society. James Mworia, CEO of Centum Investments, stressed, “Strategic green energy investments in real estate development can offer competitive advantages in the market, reduce energy production costs, and function as a risk management tool within the entire development ecosystem.” Climate financing also holds a vital role in industrialization and in generating employment opportunities, especially for the youth.

RELATEDPOSTS

MDBs surpass climate finance targets, delivering USD 60.7 billion

October 16, 2023

The International Monetary Fund (IMF) has indicated the need for KES 28.5 trillion annually by 2030 for mitigation and Kshs 7.5 trillion by 2050 for adaptation. Currently, there exists a substantial gap in climate financing that necessitates corporate intervention to support green initiatives. Furthermore, corporations were encouraged to engage in initiatives that reduce carbon emissions.

Dr. Kamau Thugge, the Governor of the Central Bank of Kenya (CBK), disclosed CBK’s commitment to fostering a green economy. He revealed that CBK is in the process of establishing a framework to identify environmentally-friendly activities, investments, and projects.

This framework will align with international sustainability standards, fostering transparency in green finance and attracting local, regional, and international investors interested in green projects.

Enhanced green financing will not only promote a sustainable environment but also generate much-needed employment opportunities.

Previous Post

Inclusive housing development in Kenya thrives with new mortgage solutions

Next Post

Machakos county government objects to EAPCC’s land sale plans

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024