Inside Absa’s KSh 47Bn Green Finance Push
Absa Bank Kenya is accelerating its shift from sustainability compliance to a core business strategy, backed by measurable..
✨ Key Highlights
Absa Bank Kenya is significantly scaling up its green finance initiatives, disbursing KSh 47 billion in sustainable finance during 2024, with a strong focus on environmental and social impact.
- Out of the total sustainable finance, KSh 4 billion was directly allocated to climate-related projects.
- Absa has committed to green 10% of its loan book by 2025 and 30% by 2035.
- Key sectors receiving funding include Renewable Energy, Energy Efficiency, Climate-Smart Agriculture (KSh 0.1 billion), and Green Buildings (KSh 1.3 billion), featuring the Upcyc Home Loan.
- A notable green loan of USD 650,000 was provided to Modular Real Estate EPZ Ltd for Kenya’s first green-certified repurposed warehouse.
- Absa’s inclusive finance efforts in 2024 included KSh 25.1 billion via Timiza digital loans and substantial support for MSMEs, low-income households, women-led businesses, and youth.
- The bank targets operational net-zero by 2040 and financed emissions net-zero by 2050, with operational progress like three branches running on 90%+ solar energy and 94% of waste recycled.
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Part of the Day's Coverage
I&M Group Profit Surges in H1 2025; Absa Disburses KSh 47Bn; CIS Assets Grow to KSh 596.3B - August 2025
I&M Group PLC reported a significant financial uplift in the first half of 2025, with profit after tax rising by 36% propelled by an increase in net interest income. The group's profit before tax also rose by 34% to Sh11.7 billion, a growth fueled by strong performance from its regional subsidiaries in Rwanda, Tanzania, Uganda, and Mauritius. In other financial news, Absa Bank Kenya disbursed KSh 47 billion in sustainable finance during 2024 as part of its push for green finance initiatives. Meanwhile, Kenyans are increasingly investing in Collective Investment Schemes (CIS), with total Assets Under Management surging by 20.2% to KSh 596.3 billion in Q2 2025. This growth reflects increased investor confidence in the nation's financial landscape.
