Paul Russo, KCB Group CEO, joined global and national leaders at the 3rd Climate Change Global Business Summit on Africa, at Villa Rosa Kempinski Hotel to discuss how private investment can accelerate climate solutions across the continent. The summit convened policymakers, business leaders, development finance institutions and sustainability experts to explore practical pathways for financing Africa’s green transition.
The summit brought together senior government officials such as CS Agriculture, Mutahi Kagwe, global investors like French Chamber of Commerce and private sector leaders such as KEPSA to examine how Africa can mobilize capital, strengthen climate resilience and position itself as a leading destination for sustainable investment. Key discussions focused on unlocking private investment in climate solutions, strengthening sustainable urban development and mobility and financing climate-resilient energy and infrastructure
The high-level panel featuring KCB focused on “Climate Finance, Equity, and the Just Transition: Unlocking Private Investments in Kenya and Africa.” Moderated by Yvonne Okwara, it included distinguished speakers from the mentioned sectors
During the discussion, Russo highlighted the importance of working together with other key players in realizing these solutions “We have built a team of subject matter experts, and we are therefore equipped to co-create solutions”
He emphasized that addressing climate constraints requires stronger partnerships between development finance institutions, governments and commercial banks to share risk, improve project pipelines and unlock long-term capital.
As part of KCB’s sustainability strategy, the bank is increasingly prioritizing investments that support renewable energy, clean technologies and low-carbon growth. “We have set a target to allocate 25% of our total loan book to green financing, helping accelerate the transition toward sustainable industries” Said Russo.
The platform served as an important dialogue point between financiers, policy makers, developers and solution drivers. KCB is proud to be at the heart of these conversations and a driver of sustainable growth.
By Anthony Solly
