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Egypt launches Africa’s first carbon credit market

Access to development financing solutions is being boosted through a new platform that will help the African private sector to lower its carbon emissions.
Carbon market

Egyptian authorities have launched the country’s first carbon credit company, paving the way for a nationwide carbon credit market to reduce CO2 emissions.

The Egyptian Exchange Holding Company for Capital Markets Development, the Agricultural Bank of Egypt, and Libra Capital on Nov. 6 signed an agreement to set up Egypt’s first entity to issue carbon credits.

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