At a roundtable session of the recently concluded Commonwealth Business Forum which held in London, CEO of PanAfrican Capital Holdings, Chris Oshiafi, provided insights into the financial and environmental advantages of investing in sustainable development.
It is important to realise and recognise that green financing is for our own long term good; and therefore countries must develop creative ways to deal with economic activities that impacts on the environment including deforestation, Oshiafi noted.
He went further to explain that the Capital Market can be used to generate large amount of funds for green energy; however there has to be an increase in education towards the direction of climate change. Education is key to getting people to understand that the global world is changing at a very rapid speed. Still on the capital markets, he stressed that a major distinction exist between the primary and secondary capital market in Sub-Saharan Africa. The secondary market instruments cannot be used effectively without a vibrant primary market.
Therefore, the depth of the primary market must be deep enough to raise the kind of funding required for green projects.