KAMPALA, April 3, 2025 – Uganda hosted the 2nd Annual Climate Finance Conference to strengthen the fight against climate change and its impacts.
The high-profile conference, which took place from April 1-2, 2025 at Mestil Hotel in Kampala, was held under the theme, “Closing the Climate Financing Gap in Africa”. The event aimed to address the significant gaps in climate change financing across Africa, with the goal of enhancing the continent’s resilience against the growing effects of climate change.
Sector leaders and key stakeholders, including government officials, financial institutions, civil society, the private sector, and others, gathered to develop strategies and guidelines for mobilising and deploying climate financing resources.
Lawrence Songa Biyika, Chairperson of the Parliamentary Committee on Climate Change, emphasised the importance of mitigating the effects of climate change.
“Climate finance is not just a global issue, but a local one as well. We must prioritise green, smart solutions that can be replicated across the continent,” he stated.
Goretti Masadde, the Chief Executive Officer of the Uganda Institute of Banking and Financial Services [UIBFS], which organised the conference, highlighted the crucial role of the financial sector in addressing climate change.
“We have developed a Green Finance curriculum to equip financial institutions with the knowledge and skills needed to support sustainable development,” she explained.
With the increasing severity of extreme climate conditions, there is a growing need to mobilise more resources for climate finance, particularly in Africa, where the concept is still in its infancy.
The African continent is able to finance only 10 percent of the resources required to combat climate change, necessitating collaboration among stakeholders to develop innovative solutions to address its causes.
Africa has been severely impacted by the devastating effects of climate change, including torrential rains causing catastrophic flooding in various countries, prolonged droughts damaging crops and leaving millions vulnerable to hunger, and a rise in pests and diseases, including migratory pests like locusts, among others.
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