NDF at the UN Climate Conference (COP27)

Today we mark the International #DayOfBanks. #ClimateChange is increasing the frequency and severity of extreme weather events and loss of biodiversity. Financing the solutions to overcome these challenges is key to mitigate the environmental, economic and social consequences of the changing climate. Nordic Development Fund is working together with multilateral development banks and financial institutions to #MakeAChange in people’s lives through #ClimateFinance in developing... nations. Read about our work and #impact:

The World Circular Economy Forum is kicking off next week in #Rwanda! NDF is co-financing the African Circular Economy Facility (ACEF), one of the main partners at #WCEF22. Listen to what NDF’s program manager Siv Ahlberg has to say about how #CircularEconomy can be a solution to our #ClimateCrisis. “Circular economy provides some of the most effective tools to stop #biodiversity loss by tackling the root causes and getting more value from what we have. 90% of biodiversity l...oss is caused by the way we extract and process materials, fuels and food. The sad truth is that we only cycle 8.6% of what we use, which leaves a massive Circularity Gap of over 90%.” Check out the #WCEF22 programme: https://www.wcef2022.com/programme/

Last week, African Guarantee Fund held the 7th edition of the Green Finance Conference in Mozambique in partnership with the Nordic Development Fund (NDF) under... the theme “Africa’s Private Sector Contribution to the Implementation of the 2015 Paris Climate Agreement.” The Green Finance Conference brought together Government Officials, leaders of Financial Institutions, Development Finance Experts, Green Energy Experts and Regulators, Green SME project owners amongst other stakeholders to discuss the challenges and opportunities in meeting the financing needs of Green SMEs in Africa, to enable them acquire skills and technologies necessary for climate change mitigation and adaption. The opening ceremony was officiated by African Guarantee Fund’s Chairman Felix Adahi BIKPO, African Guarantee Fund's Group Chief Executive Officer, Jules Ngankam, Nordic Development Fund's Program Manager Portfolio Origination and Management Bolek Stawicki, Deputy President of the Mozambican Bankers’ Association, Luís Aguiar and President of the Confederation of Economic Associations, Agostinho Vuma. Special thanks to all our panelists and participants for the insightful discussions on how Mozambique can foster a greener economy. Nicole Muia (CCA), Simbarashe Mudimbu, Onorio Manuel, Jose Manuel Mendes, Carlos Antonio, Fransisco Soto, Miguel Joa and Mr Aquiles The Conference was followed by a two-day training for Financial Institutions to enable them introduce Green Financing products and understand mitigation of risks related to lending to Green SME projects in Mozambique. #greenfinanceconference #climateaction #energytransition #financialinclusion #mozambique