Banks, insurers back green financing for Kenya’s building sector

NAIROBI, Kenya, Sept 24 - Kenya’s leading banks and insurers have pledged stronger support for climate-smart financing to safeguard the country’s building Kenya breaking news | Kenya news today |..
✨ Key Highlights
Leading Kenyan banks and insurers have pledged increased support for climate-smart financing to protect the nation's building sector from growing climate risks. This commitment was made during a high-level forum in Nairobi, emphasizing sustainable financing as crucial for infrastructure protection, green job creation, and risk reduction.
- Kenya's National Buildings and Construction Decarbonization Roadmap targets near-zero emissions buildings by 2030.
- Key financial institutions involved include Kenya Commercial Bank (KCB), Absa Bank, Co-operative Bank, NCBA, Stanbic, DTB, and mortgage lenders like HFC.
- Insurers such as Britam, Madison, GA Insurance, and Orient Life also outlined plans to support resilient building investments.
- Absa Bank's Head of Mortgages Business, Beatrice Chege, noted the introduction of sustainable mortgage products to promote certified green buildings.
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