{"id":463158,"date":"2018-11-07T11:47:14","date_gmt":"2018-11-07T11:47:14","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=463158"},"modified":"2018-11-07T11:47:14","modified_gmt":"2018-11-07T11:47:14","slug":"towards-the-launch-of-the-first-green-bank-in-africa","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/11\/07\/towards-the-launch-of-the-first-green-bank-in-africa\/","title":{"rendered":"Towards the launch of the first green bank in Africa"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Development Bank of Southern Africa (DBSA) and the Green Climate Fund intend to launch a green bank called Climate Finance Facilty (CFF).<\/p>\n<p>The financial institution will finance projects related to climate change and environmental protection. It will become the first green bank to be funded by the Green Climate Fund, and will co-finance projects and activities aimed at reducing the effects of climate change.<\/p>\n<p>According to Patrick Dlamini, Managing Director of the Development Bank of Southern Africa (DBSA), SBB &#8220;is an innovative financial institution that allows us to bring together investors and increase our support for environmentally friendly projects. &#8221;<\/p>\n<p>The institution is funded with $ 140 million, including $ 45.8 million from DBSA and $ 55.5 million from the Green Climate Fund.<\/p>\n<p>This amount will be the initial capital of the bank to be present in South Africa and other southern African countries such as Namibia, Swaziland and Lesotho.<\/p>\n<p>Note that the announcement was made during the 21st Board of Directors of the Green Climate Fund was held from 17 to 20 October 2018 in Bahrain.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Development Bank of Southern Africa (DBSA) and the Green Climate Fund intend to launch a green bank called Climate Finance Facilty (CFF). The financial institution will finance projects related to climate change and environmental protection. It will become the first green bank to be funded by the Green Climate Fund, and will co-finance projects<\/p>\n","protected":false},"author":527297,"featured_media":451927,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[12322,14589],"class_list":{"0":"post-463158","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-africa-en","9":"tag-towards","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Towards the launch of the first green bank in Africa - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/11\/07\/towards-the-launch-of-the-first-green-bank-in-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Towards the launch of the first green bank in Africa\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. 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