New financial technologies can unlock green finances in Africa: UNDP official

Introducing new financial technologies offers the potential to unlock green finances in Africa, said Aiaze Mitha, Global Lead for Digital Finance for the SDGs at UNDP, during the African Development Bank’s (AfDB) Annual Meetings on Wednesday.

Mitha, currently leads UNDP/UNCDF’s joint program on digital finance for the SDGs in UNDP‘s Sustainable Finance Hub, mentioned blockchain, big data, and the Internet of Things as possible mechanisms to employ.

He has worked in fintech and technology in 40+ countries and advised many international organizations such as the UN, the World Bank, and the International Finance Corporation (IFC).

The AfDB’s Annual Meetings 2023 is currently taking place in the Egyptian resort city of Sharm El Sheikh on May 22-26.