The African Green Bank initiative, which will be endowed with a trust fund of $1.5 billion, was conceived as part of measures to facilitate access to global finance from the current 3% to 10% annually by 2030.
25 institutions and 12 individuals including Vice President of Ghana, Dr. Mahamudu Bawumia, have been honoured for their outstanding performance and contribution to society through their remarkable sustainability and social programmes
With more than 13 different channels of execution, this is one of the most comprehensive approaches for targeting the UN SDGs, enabling organisations of all types, sizes and sectors to meet the new sustainability imperatives.
Songwe said investment priorities must encompass transformation of the energy system, address developing countries’ growing vulnerability to climate change and undo earlier harm to natural capital and biodiversity.
During the interview on the sidelines of the COP27 climate summit in Egypt, the President said Kenya currently gets more than 90 percent of its electricity and 74 percent of its overall energy from renewable sources.
MOU signed with Germany, Spain, France, Portugal to prepare ground for corporate trade of renewable electricity under SET Roadmap
Kenya has since enacted the Refugee Act, which came into force in February this year, relaxing the restrictions on movement.