The African Development Bank, in collaboration with the African Union and United Nations Economic Commission for Africa (UNECA), has launched the continent’s first regional ESG taxonomy to harmonize sustainable finance definitions across African countries. The taxonomy is expected to guide investment flows into green infrastructure, energy transition, agriculture, and social development projects.

Why it matters: This milestone gives KNC clients and partners in East Africa a clear regional benchmark for classifying sustainable projects, which aligns with global standards like the EU Taxonomy.

Source: African Development Bank (AfDB)