AUGUST - NOVEMBER 2021 | KAMPALA
The Green Finance Academy Trainings and Innovation Lab – a collaborative partnership between the Uganda Green Enterprise Finance Accelerator (UGEFA), Uganda Bankers’ Association (UBA), SEED Practitioner Labs Climate Finance and GO4SDGs – offers an exclusive opportunity to UBA Member Banks with key ecosystem actors to strengthen the financial sector’s capacity to successfully finance green small- and medium-sized enterprises (SMEs) and environmental-related projects in Uganda.
The Academy supports the commitments of the Uganda Green Growth Development Strategy and its focus on five investment areas of agriculture, natural capital management, green cities, transport, and energy. To achieve core targets for green growth and job creation, financing needs to be mobilised – with a target of US$1.8 billion per year. This funding is expected to be contributed from multiple sources, with a strong role to be played by the financial sector in Uganda. In expanding these financial commitments, the central role of SMEs as economic players in Uganda – providing employment to over 2.5 million people and contributing around 90% of private sector production – must be supported.
The hands-on trainings support financiers to gain a thorough understanding and develop the groundwork to deliver tailored financing for green investments, including for SMEs across sectors, while tapping into growing international capital earmarked for climate and broader green finance purposes. Participants will benefit from access to case studies and global good practices of green finance – thus, laying the basis for co-creating the next generation of financial instruments for green finance in Uganda during the innovation lab – building on the global success of the SEED Practitioner Labs Climate Finance innovation lab programme.
The Academy is funded by the Delegation of the European Union to Uganda under the Uganda Green Enterprise Finance Accelerator programme and the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety within the SEED programme and will focus on creating opportunities for UBA Member Banks, who will benefit from access to case studies and global good practices of green finance and expert training – thus, laying the basis for co-creating the next generation of financial instruments for green finance in Uganda.