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Anzetse Were
Podcast by 'Sense Talking': The FSD Kenya Green Finance Project
The Sense Talking podcast unpacks the FSD Green Finance Project which is led by Anzetse Were. In it the County Green Finance...
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Understand Africa Better.
Home: Welcome
Understand Africa Better.
A highlight of Anzetse Were's speeches, public-facing engagements, and advisory roles.
Courtesy Call to Cabinet Secretary Hon. John Mbadi, The National Treasury and Economic Planning.
Anzetse Were shares the green finance work she leads with Cabinet Secretary Hon. John Mbadi, The National Treasury and Economic Planning, during a courtesy call. (Sept 2024)
The visit to Kenya by Her Majesty Queen Máxima of the Netherlands
Anzetse Were moderates a roundtable on agricultural technology innovation to support climate resilience as part of the visit to Kenya by Her Majesty Queen Máxima of the Netherlands, in her capacity as United Nations Secretary-General Special Advocate for Inclusive Finance for Development (UNSGSA). (Oct 2023)
The Africa Green Climate Finance National Designated Authorities Network (AfDAN) High Level Forum
Anzetse Were attends the AfDAN High Level Forum. Seated L to R: Cabinet Secretary for Environment, Climate Change and Forestry Hon. Aden Duale; Cabinet Secretary for The National Treasury and Economic Planning Hon. CPA John Mbadi; Rt. Hon. Raila Amolo Odinga; Cabinet Secretary for Lands, Public Works, Housing and Urban Development Hon. Alice Wahome.
African Reforms and Priorities for Climate Finance
Anzetse Were participates in a panel with Albert Muchanga, Commissioner for Trade and Industry, African Union, and Amadou Hott, Special Envoy of the President of the African Development Bank for the Alliance for Green Infrastructure in Africa. (May 2024)
The Africa Roundtable: Growing Africa’s Future
Anzetse Were participates in the Africa Roundtable convened by the Global Perspectives Initiative on Advancing Food Sovereignty through Agricultural Innovation during the Global Solutions Initiative Summit (May 2024) (c) Global Perspectives Initiative
ESG Agreement with the Capital Markets Authority (Kenya)
Anzetse Were at the signing ceremony between the CMA and FSD Kenya for the technical assistance agreement to support the CMA's ESG strategy. She leads the design and implementation of the project on behalf of FSD Kenya. (Jan 2024)
GreenTech Mentor
Anzetse mentors the GreenTech Africa 2024 Cohort. She shares her insights and expertise on how to develop and evolve robust green business models on the continent. This investment-readiness accelerator is supported by Moody’s Foundation in partnership with Village Capital.
Understand Africa Better.
A highlight of Anzetse Were's interviews with media and via bespoke engagements.
Reports and Papers
Understand Africa Better.
A collection of reports and technical papers authored, co-authored and supervised by Anzetse Were.
Insights on Policy Leadership in Green and Climate Finance
September 2024
Anzetse Were shares her insight on strategies that foster meaningful and fruitful collaboration with Government partners in green, climate and carbon finance. It draws on her work and leadership of the FSD Kenya Green Finance Project which has fruitful partnerships with key government actors, particularly those responsible for the financial sector and green economy.
Understand Africa Better.
Anzetse Were discusses Economic Transformation, Finance Systems, Carbon Markets, Great Power Competition, and Sustainable Finance in Africa.
Webinars and Panels
The African Green Climate Finance National Designated Authorities Network High Level Forum
August 2024
Anzetse Were attends the Africa Green Climate Finance National Designated Authorities Network (AfDAN) High Level Forum. Hosted by The National Treasury and Economic Planning of Kenya, the forum brings together representatives from 20 African nations, diplomats, and development partners to strengthen green and climate finance strategies across the continent.
The event is graced by the Cabinet Secretary for Environment, Climate Change and Forestry Hon. Aden Duale; the Cabinet Secretary for The National Treasury and Economic Planning Hon. CPA John Mbadi; the Rt. Hon. Raila Amolo Odinga, Kenya’s candidate for the African Union Commission Chairmanship; and the Cabinet Secretary for Lands, Public Works, Housing and Urban Development Hon. Alice Wahome.
Food for Thought
Climate risks are to an extent being artificially siloed from broader fiscal and debt risks faced by African governments. To be clear, there are many issues in fiscal management that negatively affect African governments that have nothing to do with climate change. However, it is also undeniable that there are many ways that climate change is compromising the fiscal and repayment capabilities of governments. Examples of the macro effects of climate change being borne by African governments:
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Lost and lowered economic growth and activity: The combined macroeconomic effects of climate change could lower the continent’s GDP by up to 3% by 2050.
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Fiscal policy: Climate change is leading to lower revenues from key sectors, such as agriculture, higher and unplanned costs related to climate emergencies, and problems with debt sustainability.
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Monetary policy: Extreme weather events are placing upward pressure on food and transport inflation while eroded foreign reserves informed by climate shocks, are weighing on exchange rates.
While it is crucial to get a much better handle on climate risk in Africa, the real work is in ensuring this does not have a penalising effect.
A key concern in Africa is that if governments encourage the integration of climate risks into the assessment of their fiscal and debt sustainability analysis, the market will penalise them by deeming them as even higher risk. This makes it even more difficult for African governments to access affordable finance. It is crucial that African and other affected governments are not subjected to a triple injustice of:
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Shouldering the impacts of climate change on economic resilience – having contributed almost nothing to the problem;
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Bearing the fiscal and monetary policy effects of climate – that limit their ability to respond to the crisis;
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Being penalised by the market – should climate risks be more deeply integrated into fiscal and debt sustainability assessments.
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