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The trainings, which have been organised by aBi Finance Ltd., a leading player in promoting access to sustainable agribusiness finance in Uganda, in collaboration with the Uganda Institute of Banking and Financial Services (UIBFS), seek to provide staff at partner financial institutions with the information needed to deal with the climate change concerns confronting 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 Moses Bwire, Investments Manager, Green Growth and Business Development Services at aBi Finance.
aBi Finance is working closely with partner financial institutions to develop information, Education, and Communication (IEC) materials on green finance, enhance environmental, Social, and Governance (ESG) policies, develop green loan products, and improve 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.
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"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.
Owomugisha said aBi Finance aims at ensuring that financial institutions are well-equipped to offer environmentally sustainable financing solutions.