FSD Africa and African Guarantee Fund (AGF) have teamed up to support Kenyan SMEs driving the green transition, part of a broader initiative across Africa. Through financial aid, technical assistance, and capacity building, the collaboration aims to empower SMEs to grow sustainably, reduce CO2 emissions, and create employment opportunities, particularly for youth and women.
The partnership underscores the importance of green economic transformation and seeks to bridge the climate finance gap, critical for Africa’s resilience against climate change impacts.
Mark Napier, CEO of FSD Africa, and Jules Ngankam, CEO of AGF Group, highlighted the significance of the collaboration in fostering a robust ecosystem for green SMEs.
By providing financial guarantees, technical support, and promoting green financing initiatives, the two organizations aim to address the urgent need for climate finance in Africa. The initiative comes amidst calls for transformative approaches to climate financing and renewed global climate action to mitigate the adverse effects of climate change on the continent.
