Nigerian bank goes solar across its branches

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Africa’s banks have long financed the continent’s energy transition, but few have truly led by example. Increasingly though banks are shifting from seeing renewables as a sustainability target to offering clear economic advantages. The United Bank for Africa (UBA) has announced plans to install solar and battery systems at 50 of its branches across Nigeria.

• Banks’ direct emissions are relatively low, the rapid growth of digitalisation and data centres is expected to increase their carbon footprint in the coming years.

• Leading banks such as KCB in Kenya have begun to power some of their data centres with solar energy. This has helped the bank save at least $92,000 annually in energy costs at its headquarters, it says.

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