Absa enlists IFC to weed out greenwashing projects

absa enlist ifc

Absa Bank Kenya Chief Finance Officer Yusuf Omari Speaking at the Media and Investor briefing session at Norfolk hotel, Nairobi on March 18, 2024.  

Photo credit: Lucy Wanjiru | Nation Media Group

Absa Bank Kenya has enlisted the help of International Finance Corporation (IFC) to weed out greenwashing projects in its climate financing portfolio.

The IFC, the private wing of the World Bank Group, is one of the institutions that Absa had relied on to certify projects that qualify for climate financing.

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