Inside the Bank Financing Africa's Green Growth – Bloomberg

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“The perceived risk is much higher than the real risk of investing in Africa,” African Development Bank President Akinwumi Adesina says on this week’s Zero. 
Akinwumi Adesina, president and chairman of the African Development Bank, during an interview in New York in 2022. 
Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, African Development Bank President Akinwumi Adesina tells the Zero podcast, that number could reach $50 billion by 2030.
That’s why Adesina is focusing the bank’s efforts on financing climate adaptation, which he describes as the “forgotten cousin” of climate mitigation. Adesina says it’s crucial that development goals and green goals go hand in hand. “You need a world that is climate-resilient, but the bread-and-butter issues of development cannot wait for that,” he says. In other words, “Africa cannot be poor green. Africa needs to be rich green.”

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