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FOCAC 2024: DRC-based Rawbank Shows Readiness to Support Climate Finance Projects

FOCAC 2024: DRC-based Rawbank Shows Readiness to Support Climate Finance Projects

Rawbank was one of the Congolese actors that participated in the recent China-Africa Forum. There, the bank showcased its ability to support climate finance projects to international investors in China. 

"In 2023, Rawbank launched an investment platform for climate-related projects to address climate challenges while facilitating economic development," the bank stated in the International Business Daily China.

The bank highlighted its commitment to providing sustainable solutions that meet customer needs and reduce its carbon footprint. For example, Rawbank's partner fintech, Illicocash, has enabled over 420,000 users to conduct paperless financial transactions, helping to lower the bank's environmental impact.

"We consider financing climate-friendly projects a major responsibility for future generations. That's why the projects we invest in must protect the environment and stimulate economic growth in our country," said Rawbank CEO Mustafa Rawji. He mentioned a $200 million project with the Swiss group Vitol to reduce carbon emissions and provide clean, affordable energy to the Congolese population.

Rawbank's efforts align with international commitments and the growing interest from African Chinese partners. In his address to African leaders, President Xi Jinping emphasized the importance of sustainable development in his new strategy.

"China is ready to launch 30 clean energy projects in Africa, set up weather early warning systems, and carry out cooperation in disaster prevention, mitigation, and relief, as well as biodiversity conservation," the Chinese president announced, outlining priorities for China-Africa relations over the next three years.

Georges Auréole Bamba

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