Noah Owomugisha, the Head of Investments – Green Growth and Business Development Services at aBi Finance, emphasised the importance of Green Finance in driving positive outcomes.
Between July and August 2023, aBi Finance Ltd, a leading player in promoting access to sustainable agribusiness finance in Uganda, in partnership with the Uganda Institute of Banking and Financial Services (UIBFS) is conducting 20 green finance capacity-building activations (training sessions) for Staff of Partner Financial Institutions.
This initiative aims to equip Staff of Partner Financial Institutions with the necessary knowledge on green finance which is needed to deal with the climate change challenges that are threatening agribusiness and the financial services sector.
“We believe that by training staff of financial institutions on green finance for investing in climate change adaptation, mitigation, and biodiversity conservation to attain sustainable development, we are equipping them to disseminate the same green financing information to fellow staff as well as their agribusiness loan clients across various branches country-wide,” said Mr. Moses Bwire, Investments Manager – Green Growth and Business Development Services at aBi Finance.
In addition to training staff, aBi Finance will work closely with partner financial institutions to develop green finance Information, Education, and Communication (IEC) materials, enhance the Environmental, Social, and Governance (ESG) policies, green loan products and banking systems to better capture and report on green finance.
Noah Owomugisha, the Head of Investments – Green Growth and Business Development Services at aBi Finance, emphasised the importance of Green Finance in driving positive outcomes.
“When financial institutions put in place green policies, green loan products, and up-to-date banking systems they position themselves to offer loans to smallholder farmers and other value chain actors for green agribusiness investments that deliver optimal financial returns, but also offer good environmental and social benefits” he stated.
In addition to supporting financial institutions to offer green finance, aBi Finance is also pursuing partnerships with like-minded institutions working in agricultural value chains to train and build the capacity of agribusiness SMEs and smallholder farmers in climate-smart and socially inclusive investing. By providing comprehensive training and support, aBi Finance strives to ensure that financial institutions are well-equipped to offer environmentally sustainable financing solutions.
aBi Finance remains at the forefront of promoting sustainable growth and resilience in the agriculture sector. Recently, the organization unveiled the Green Finance Fund and Green Taxonomy, valued at UGX 120 billion, to further promote sustainable investment in the sector.
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