Nairobi, Kenya, 7th September 2023 – Africa investor (Ai) participated in the African Unions’ inaugural Africa Climate Summit (ACS), on “Driving Green Growth and Climate Finance Solutions for Africa and the World.” The ACS held between the September the 4th to the 6th of September 2023, bringing together 25 Heads of State and Governments, and over 20,000 delegates, to discuss sustainable solutions to global climate challenges and Africa’s green industrial transformation.
Ai, led by Dr Hubert Danso, Ai CEO and Chairperson and Chairperson of the African Union’s Continental Business Network (CBN), participated in ACS Ministerial and Presidential Day panel discussions representing the African institutional investment community, and took part in a number of side events and bilateral meetings with business, government, civil society and youth leaders.
Dr Danso participated in the Ministerial Day speaking at the High-Level Panel on Water Investments for Africa, Ministerial Dialogue on catalysing commitments for climate resilient water investments towards $30 billion/year by 2030. He also spoke as the Co-Chair of the Africa Europe Earthshot (AEE) at the Africa Investment Earthshot launch event.
Dr Danso also participated in the Presidential Day’s Heads of State segment on the New Climate Finance Architecture, addressing Multilateral Development Banks and private capital mobilization (PCM).
The catalytic role and importance of African Green Industrial Cities (GIC’s) will play in delivering the ACS’s Green Industrialization Agenda, was highlighted at all Dr Danso’s engagements.
Commenting on Africa investor’s participation at the Africa Climate Summit, Dr Danso stated:
“It was a pleasure to participate and share Africa investor and the African Green Infrastructure Investment Bank’s perspectives at the ACS and restate our commitment, to pursue the African Union’s 5% investment agenda, institutional investor-public partnerships and to champion an Inflation Reduction Act (IRA) and EU Net Zero Industry Act (NZIA) Green Industrial Deal style African Investment Earthshot equivalent Deal, to crowd-in private capital at scale, for Africa’s numerous green industrialization, green infrastructure and green industrial cities investment opportunities, to significantly increase the continent’s share of the $10trillion per annum and growing global green industrial economy.
He went on to congratulate the African Union, The Government of Kenya and President William Ruto, for their leadership successfully hosting the Summit and engaging the African institutional investment community, as long-term partners on this transformative and timely green industrialization investment agenda. He closed saying Africa investor looks forward to working in support of the ACS recommendations at COP 28 in the UAE, where Ai will host our 2023 NDC Investment Awards ceremony.
The NDC Investment Awards sponsored by the Africa investor (Ai) and the African Green Infrastructure Investment Bank (AfGIIB), are the only international, pan-African NDC investment awards that recognize and reward both public and private sector institutions, who are working to innovate and break new ground to mobilize private investment and private sector participation at scale, to Africa’s bankable $3trn portfolio of NDC investment commitments and projects.
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About Africa investor (Ai) Group
Africa investor (Ai) Group is an institutional investment holding platform that aligns its pools of capital from sovereign wealth funds, pension funds, family offices, and long-term investors with vetted infrastructure, private equity, and technology investment opportunities in Africa.