Development Finance Institutions under the auspices of the Association of African Development Finance Institutions have advocated the expansion of actionable plans to incorporate climate-resilient products and measurable targets into African business models as part of solutions to address climate finance needs and derisk sustainable investments in the region.
This was as it revealed that Africa may lose between five per cent to 15 per cent of its projected Gross Domestic Product by 2050 if immediate actions are not taken to mitigate the effects of climate change in the region.
