Africa climate adaptation ambitions demand smarter blended finance
Nairobi, July 29 -- The inaugural Adaptation Investment Summit for Africa (AISA 2026), held in Nairobi this month, came at a defining moment for the continent.
Africa needs between $70 billion and $140 billion annually to adapt to climate change, yet adaptation finance in Sub-Saharan Africa reached only $11 billion in 2024, according to the Climate Policy Initiative (CPI).
One of the summit's key outcomes was the launch of the Kenya Uganda Adaptation Accelerator (KUAA), a four-year, $5 million programme backed by the Adaptation Fund.
The initiative will help climate adaptation enterprises become more bankable, reducing dependence on grants while improving access to commercial finance.
Africa's challenge is not simply a shortage of cap...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.