Kenya banks move to close green financing gap as GGGI, KBA seal five-year deal

Capital FM reports that Kenya’s banking sector is entering a five‑year partnership with the Global Green Growth Institute (GGGI) and the Kenya Bankers Association (KBA) to expand green financing, aiming to boost funding for climate and biodiversity projects. The partnership is expected to close the green financing gap by providing more capital for green businesses, according to Capital FM. Capital FM also notes that Kenya’s public workforce has surpassed 1 million employees, reaching 1.07 million, which is putting additional pressure on the government’s wage bill. No other outlets have yet reported on the GGGI‑KBA deal, and details such as the exact financing mechanisms and projected impact remain unclear.