$50M Boost for Climate Action



FNB Zambia partners with FMO and DFCD to strengthen the country’s green finance sector

By Francis Maingaila ♥️
Lusaka, Zambia24 --- (13-01-2026) ---
FNB Zambia has secured a USD 50 million Development Finance Facility from FMO, the Dutch Entrepreneurial Development Bank, in a landmark deal that gives a major boost to climate action in Zambia by supporting renewable energy, sustainable agriculture, water conservation, and climate-resilient infrastructure.


Speaking on behalf of the Minister of Green Economy and Environment, Hon. Mike Mposha, Permanent Secretary Mr. Douty Chibamba described the facility as “more than a financial transaction; it is a statement of intent and a shared commitment to Zambia’s climate-resilient future.”

Mr. Chibamba highlighted the severe climate challenges Zambia is facing, including prolonged droughts affecting energy generation, agriculture, water resources, and livelihoods. 

He emphasized that the government alone cannot shoulder the responsibility of climate action and stressed the importance of private sector participation in scaling climate-smart solutions.

“The USD 50 million facility will channel development finance through a local bank to support projects that align with Zambia’s Green Growth Strategy, National Adaptation Plan, and Nationally Determined Contributions (NDCs),” he said. 

He also praised FNB Zambia for strengthening its Environmental, Social, and Governance (ESG) frameworks, positioning itself as a responsible partner in the country’s green transition.


Delivering remarks on behalf of the Kingdom of the Netherlands, Dutch Embassy Chargé d’Affaires to Zambia, Zimbabwe, and Malawi, H.E. Ilyaas Sherally described the deal as a symbol of resilience and innovation following a challenging economic period.

H.E. Sherally emphasized the unique collaboration between FMO, WWF, and FNB Zambia, blending financial expertise with environmental stewardship. 

He reaffirmed the Netherlands’ commitment to climate adaptation, highlighting its global leadership in water management, smart agriculture, and renewable energy. 

He also acknowledged WWF Zambia for providing technical assistance, supported by the Dutch Ministry of Foreign Affairs, ensuring strong environmental and social safeguards.

Meanwhile, WWF Zambia Country Director, Ms. Nalucha Nganga, explained that the facility was made possible through the Dutch Fund for Climate and Development (DFCD), a consortium including WWF, SNV, FMO, and Climate Fund Managers.

“The transaction demonstrates how blended and concessional finance can de-risk investments, attract private capital, and empower local banks to scale up climate-aligned lending,” Ms. Nganga said. 

She added that the deal sends a strong signal to the market that green and climate-resilient investments in Zambia are viable, scalable, and impactful.

FNB Zambia Chief Executive Officer, Ms. Kapumpe Chola, described the facility as a transformative milestone in the Bank’s growth journey. 

She reaffirmed FNB Zambia’s ambition to be a leading driver of green and climate-resilient financing, anchored on shared prosperity and inclusive development.

Ms. Chola noted that the transaction comes at a symbolic time as FNB Zambia marks 17 years in the Zambian market in April 2026, reinforcing its long-term commitment to national development priorities and economic resilience.

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