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The African Export and Import Bank (Afreximbank) has entered into cooperation with Aenergy to develop a low-carbon sustainable economy and a climate finance strategy to support national projects and initiatives in this sector. Africa.
on the sidelines of Afreximbank's annual meetings and celebrations of the 25th anniversary on Saturday, will support trade and promote low-carbon technologies by attracting funding and specialized resources for energy production mainly for the renewable energy and transport sectors; develop investment funds, such as the African Innovation Climate Fund, and enable Afreximbank to be the first multilateral bank in Africa to issue green bonds in partnership with leading stock platforms.
Amr Kamel, Afreximbank Executive The Vice President for Business Development and Business Banking said the facility was a huge opportunity for climate finance for African countries.
"It will create value from environmental badets and promote green bond issues to support African governments and businesses in their continued investment in infrastructure and support their social and economic development. economic".
Divaldo Rezende, Global Climate Manager According to Aenergy, the agreement was a pipeline of opportunities that could enable it to issue at least $ 850 million in bonds green in the next five years, given his experience in the space and ability of Afreximbank to participate in innovative financial mechanisms. "
In 2017, the multilateral development banks made commitments totaling $ 35.5 billion for climate finance, with Africa receiving only $ 2.3 billion, or less than 1%. the context of the fight against climate change and the achievement of sustainable development goals, green bonds are considered strategic for the development of a low-carbon economy in Africa.
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