Islam Zekry, the Group Chief Financial Officer at the Commercial International Bank – Egypt (CIB), emphasised the bank’s commitment to sustainable economies. CIB aims to stabilise the per capita share of gross domestic product (GDP) across Africa by focusing on green assets. Notably, CIB’s green assets account for 12%, a significant commitment even though this percentage remains well below the global average of 1%. “This framework is our gift to Africa to create a more balanced business and provide attractive products to customers. Zekry stresses that incentives are necessary, as well as identifying appropriate and future opportunities to direct funds to Africa.

Source: Daily News Egypt June 02, 2024 18:57 UTC