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Africa Finance Firms Form Alliance to Tackle Biodiversity Crisis

  • Large banks in South Africa, Nigeria and Kenya join group
  • Africa is home to large mammals, Congo Basin tropical forest

Many of Africa’s biggest banks and insurers have joined forces to tackle the continent’s biodiversity crisis while at the same time working out how to cash in on opportunities arising from it.

The African Natural Capital Alliance, launched Wednesday, is the latest in a flurry of finance sector interest in the risks and opportunities associated with the threats to biodiversity globally and its establishment is in a continent overwhelmingly dependent on nature for economic activity.