{"id":29377,"date":"2026-03-20T13:15:15","date_gmt":"2026-03-20T11:15:15","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=29377"},"modified":"2026-03-20T13:15:15","modified_gmt":"2026-03-20T11:15:15","slug":"banks-key-to-financing-africas-climate-recovery-efforts","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/banks-key-to-financing-africas-climate-recovery-efforts\/","title":{"rendered":"\u2018Banks key to financing Africa\u2019s climate recovery efforts\u2019"},"content":{"rendered":"<p>Banks are expected to play a central role in financing Africa\u2019s response to climate change, as both major funders of high-carbon industries and key drivers of the shift towards cleaner energy.<\/p>\n<p>&nbsp;<\/p>\n<p>This role will come under focus at the African Matters Summit, set to take place at Wits Business School in Johannesburg South Africa (SA) next week.<\/p>\n<p>&nbsp;<\/p>\n<p>Dr Manessah Alagbaoso, Head of Business Ecosystems and Sustainability at Standard Bank, says the bank is already playing a leading role in funding climate-related initiatives in SA<\/p>\n<p>&nbsp;<\/p>\n<p>He says the bank aims to mobilise R450 billion ($24 billion) in climate finance, with a strong focus on ensuring that funding reaches small and medium-sized enterprises, which are key to driving inclusive and sustainable economic growth.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;ChannelAfrica&#8211;<\/p>\n","protected":false},"featured_media":29378,"template":"","meta":{"_acf_changed":false},"news-type":[78,44],"class_list":["post-29377","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"Banks are expected to play a central role in financing Africa\u2019s response to climate change","published_date":"2026-03-20 13:07:25","news_description":"Banks are expected to play a central role in financing Africa\u2019s response to climate change","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/29377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/29377\/revisions"}],"predecessor-version":[{"id":29379,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/29377\/revisions\/29379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/29378"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=29377"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=29377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}