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Climate focused funds antidote to Africa’s green transition ahead of Cop28
Investment in green funds is tipped to play a significant role for African countries looking towards attracting sustainable funds. CNBC Africa's Aby Agina had a conversation with Shaka Kariuki, Co-CEO and Chief Investment Officer at Kuramo Capital ahead of Cop28 in Dubai.
Wed, 29 Nov 2023 10:09:09 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Sustainable investments in sectors like agriculture and transportation are crucial for mitigating the impact of climate change in Africa.
- Setting specific targets at COP28 to phase out fossil fuels and increase funding for climate-focused initiatives is essential for driving sustainable development.
- Investors need to conduct thorough due diligence, consider ESG factors, and leverage technological advancements to navigate risks and tap into emerging trends in Africa.
Investment in green funds is poised to play a significant role in driving the green transition in Africa. CNBC Africa's Aby Agina sat down with Shaka Kariuki, Co-CEO and Chief Investment Officer at Kuramo Capital, ahead of COP28 in Dubai to discuss the impact of sustainable investments on the continent. Kariuki highlighted the opportunities and challenges that come with sustainable investing, particularly in sectors vulnerable to climate change like agriculture and transportation. He emphasized the importance of setting specific targets at COP28 to phase out fossil fuels and increase funding for climate-focused initiatives in developing nations. Additionally, Kariuki discussed the risks associated with sustainable financing and the need for investors to conduct thorough due diligence and factor in ESG considerations when making investment decisions. He also touched on the importance of leveraging technological advancements to drive innovation and leapfrog traditional development pathways in Africa. Overall, the conversation shed light on the pivotal role that green funds can play in driving Africa's green transition and addressing the challenges posed by climate change.
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