The African Guarantee Fund (AGF) is teaming up with the Nordic Development Fund (NDF) to assist banks in enhancing their green portfolios, aligning with the Paris Agreement on Climate Change.
At the 9th Edition of the Green Finance Conference, AGF’s Group Chief Executive Officer, Jules Ngankam, announced plans to support banks in developing their green portfolios to meet climate goals.The conference served as a platform for stakeholders to discuss the role of Africa’s private sector in the Paris Agreement and showcase the benefits of Green SMEs to Nigeria’s economy. Additionally, it aimed to enhance understanding of AGF’s Green Guarantee Facility, empowering banks to finance green and climate-smart projects.
NDF’s Managing Director, Satu Santala, affirmed their commitment to financing green and inclusive growth in African economies. Their goal is to support low-carbon and climate-resilient development, ultimately improving communities’ livelihoods across the continent.
Source: Daily Trust