Joto Afrika magazine August 2024 issue

ALIN Kenya

Welcome to issue 27 of Joto Afrika magazine, which examines climate finance. This issue also underscores Kenya’s banking sector and the green taxonomy's role in sustainable finance.

Addressing the climate finance gap is critical for Africa’s low-carbon, resilient development amidst persistent challenges such as debt and poverty.

Africa’s youthful population, biodiversity, and natural resources offer significant opportunities. Locally led climate action, carbon markets, and private finance, capacity building, are key to bridging this gap, supported by reforms in multilateral finance infrastructure and the formulation of new Collective Quantified Goal on Climate Finance (NCQG) expected at the 29th Conference of Parties (COP29). Urgently closing this funding gap is crucial for Africa to effectively tackle the devastating impacts of climate change.

Joto Afrika is a series of printed briefings and online resources about adapting to climate change in sub-Saharan Africa. The series will help people understand the issues, constraints, and opportunities that poor people face in adapting to climate change and escaping poverty. Joto Afrika is Swahili; it an be loosely translated to mean ‘Africa is feeling the heat’.

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