FNB Secures $50M Green Finance Boost

Zambia’s push towards climate resilience and green growth has received a major boost after First National Bank (FNB) signed a 50 million US dollar financing agreement with the Dutch Entrepreneurial Development Bank, FMO.

The facility is expected to support investments in renewable energy, sustainable agriculture, water conservation and climate-resilient infrastructure across the country.

The agreement also includes an additional 350,000 US dollars in technical support from the World Wide Fund for Nature (WWF), aimed at helping FNB develop a framework to assess and finance climate adaptation projects.

Speaking at the signing ceremony, Green Economy and Environment Minister Mike Mposha, through Permanent Secretary Douty Chibamba, said the funding would help the country respond to the effects of climate change while promoting sustainable economic growth.

FNB Zambia Chief Executive Officer Kapumpe Chola said at least half of the funds would be directed towards green and climate-resilient projects, particularly in renewable energy, agriculture, and water and waste management.

FMO’s Financial Institutions Africa Manager, Angelica Ortiz de Haas, said the facility would provide long-term dollar financing, support climate mitigation efforts and help attract commercial investors back into Zambia.

WWF Zambia Country Director Nalucha Nganga-Ziba said the organisation would work to identify and develop climate-aligned investment opportunities that deliver both environmental protection and socio-economic benefits.