Press Release

Cheers to the New Year

Happy New Year,

2023 was a phenomenal year for climate and SDG’s investment leadership under Africa’s COP27 Presidency.

Ai was pleased to see its MDB Reform Roadmap recommendations endorsed by shareholders this year and to champion the institutional investor voice at President Macron's New Global Financial Pact Summit, President Ruto’s Africa Climate Summit, The UN General Assembly SDG Review, and at COP28’s Big  Stock Take.

Again, thank you for your partnership with Ai’s Call for Climate Investment Statesmanship to Address the Private Capital Mobilization (PCM) Market Failure for Africa, emerging markets, and developing countries through Institutional Investor-Public Partnerships (IIPPs).

A glance into our events & publishing this past year

New Global Financial Pact Summit Paris:

Watch Dr. Hubert Danso speaking to the Net-Zero Asset Owner Alliance at the Summit for a New Global Financing Pact.  

Unlock our hidden Gems: Costs to Developing Countries of MDBs Not Democratizing Investor Access to GEMS Risk Database

The world is facing the enormous challenges of achieving the Sustainable Development Goals (SDGs) and acting on the climate crisis with urgency and at scale. Emerging markets and developing countries (EMDC’s) need your climate investment statesmanship now more than ever. To succeed, investment and finance must increase everywhere, but especially in the emerging markets and developing economies (EMDC's).

We are well aware of, and grateful for, the special role and responsibility of your institutions in this context. MDBs crucially have the potential to mobilize private finance at more competitive pricing and investment at levels many times higher than in the past. Only with your support and your institutions working collaboratively not competitively, will we achieve the scale of private capital mobilization that is required to ‘close the SDG and climate financing gap’.

Time is running out. Read the full report

 

Presidential Day – Africa Climate Summit 2023

The inaugural Africa Climate Summit, championed by HE President Ruto, aimed to address the increasing exposure to climate change and its associated costs, both globally and particularly in Africa.

With the expectation of escalating climate crises in terms of frequency and intensity, urgent action is required to mitigate these challenges.

Read more

 

Africa investor announces GEMs3.0 at COP28 Finance Day in Dubai

Africa investor (Ai) unveiled the GEMs3.0 initiative today during COP28 Finance Day. Over the past decade, more than 500 private investors have asked the MDBs and DFIs to make the Global Emerging Markets Database (GEMs) database available to allow investors to gain a deeper understanding of investment risk in Emerging Markets and Developing Countries (EMDC’s), helping to increase their investment in these countries. Forced by the alarming public evidence of the tens of billions of dollars of lost opportunities and direct costs to EMDC’s of Multilateral Development Banks (MDB’s), not releasing the GEMs database to investors and credit rating agencies, MDBs have grudgingly committed to providing access to GEMs data in January 2024, through the GEMs2.0 initiative. Read more

The UN General Assembly SDG Review New York:

Africa investor (Ai) participated in the 78th session of the UN General Assembly (UNGA) attended by over 130 heads of state and government and the UN Climate Week activities, under the theme ‘We Can. We Will.’ This year’s Climate Week was bigger than 2022, which was the most impactful, ambitious, and far-reaching one to date, with institutional investors, heads of state and governments, business leaders, policy change makers, local decision takers, and civil society representatives using the week as a rallying call to triple clean investments, find new solutions, take concrete action, explore new opportunities and solutions, and break down barriers to private capital mobilization at scale. This will lead to the just and optimal integration of emerging markets and developing countries (EMDCs) into the value chains of the $10trn per annum and growing, global green industrial economy. Read more


The COP28 African Investment Leaders Earthshot Summit showcases investments to support the Nairobi Declaration mobilize private capital at scale

With more than $100trn of domestic and global institutional assets represented at the Summit, influential public and private sector investment leaders gathered at the COP28 Africa Investment Earthshot Leaders’ Summit, in the first major international gathering of institutional investors following the Africa Climate Summit. The aim is to shape an African investment Earthshot Investment Allocation Plan for the Nairobi Declaration and to mobilize private capital at a scale that can be deployed at speed, through Institutional Investor-Public Partnerships (IIPP’s) that can optimally marry African regional and global energy market demand, with Africa’s industrial and Just Energy Transformation and growth.

Hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN), the Summit underscored that Green industrialization with global commercial, technology partnerships, and long duration offtakes, are the only way that Africa can leapfrog from a $9bn to a $7trn participation in global green value chains. Read more


Africa investor NDC Investment Award Winners announced at COP28

Africa investor (Ai), a leading international investment group, today announced that African Governments and business leaders, were honoured at the Africa investor (Ai) NDC Investment Awards, held on the 5th of December 2023 at COP28, during The COP28 Africa Investment Earthshot Leaders Summit & NDC Investment Awards at Expo City Dubai, UAE.

These first-of-their-kind NDC Investment Awards, sponsored by the African Green Infrastructure Investment Bank (AfGIIB), were designed to recognize achievements across the main NDC 10 project sectors and reward the governments, institutions, and individuals, driving transactions and improving the investment readiness and ambition, of Africa’s NDC projects requiring $3trn of investment by 2030. The 2023 NDC Investment Awards were profiled at the Africa Climate Summit in Nairobi, with the Best Shortlisted NDC projects comprising 160 projects, representing over $35bn of NDC financing and investment opportunities, from 43 African countries and all 5 African sub regions, announced during Climate Week at the 78th Session of the UN General Assembly in New York.

Read More   The COP28 Big Stock Take Dubai

Onwards to 2024:

Let’s make 2024 The Year of PCM at Scale and Deployment at Speed, for African Green Industrial infrastructure as a globally competitive investable asset 
Read more...

Africa investor (Ai) at COP28 Newsletter

Ai and Global investors issue Heads of State Call to Action at COP28

Announced during the Leaders Summit at COP28 in Dubai, to fight climate change and deliver on the Sustainable Development Goals announced, Africa investor and 9 other global institutional investment organisations.

Announced during the Leaders Summit at COP28 in Dubai, to fight climate change and deliver on the Sustainable Development Goals announced, Africa investor and 9 other global institutional investment organisations—representing over $100trn of assets under management and advisement—jointly issued a Call to Action to Scale Private Capital Mobilization to Heads of State, policymakers and multilateral development bank (MDB) officials.

Read more


 

Africa investor (Ai), a leading international investment group, today announced that African Governments and business leaders, were honoured at the Africa investor (Ai) NDC Investment Awards, held on the 5th of December 2023 at COP28, during The COP28 Africa Investment Earthshot Leaders Summit & NDC Investment Awards at Expo City Dubai, UAE.

These first-of-their-kind NDC Investment Awards, sponsored by the African Green Infrastructure Investment Bank (AfGIIB), were designed to recognize achievements across the main NDC 10 project sectors and reward the governments, institutions, and individuals, driving transactions and improving the investment readiness and ambition, of Africa’s NDC projects requiring $3trn of investment by 2030. The 2023 NDC Investment Awards were profiled at the Africa Climate Summit in Nairobi, with the Best Shortlisted NDC projects comprising 160 projects, representing over $35bn of NDC financing and investment opportunities, from 43 African countries and all 5 African sub regions, announced during Climate Week at the 78th Session of the UN General Assembly in New York.

Read More

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The Infrastructure Corporation of Nigeria (InfraCorp), is pleased to announce a strategic partnership with the African Green Infrastructure Investment Bank and Solarge International BV, for establishing a solar panel manufacturing factory in Nigeria, contributing significantly to the country’s industrialization drive and aligning with the vision of President Bola Ahmed Tinubu for local manufacturing capabilities to create employment, accelerate electrification, and grow the economy while decarbonizing in line with Nigeria’s energy transition commitments.

The Solar PV Manufacturing Plant will be one of the first large scale production facilities in the world for lightweight solar panels with ultra-low carbon footprint. The project will play a pivotal role in Nigeria’s commitment to sustainable local manufacturing and critical infrastructure for achieving Net Zero emissions and advancing its energy transition plan to cleaner and sustainable energy sources, reducing reliance on traditional fossil fuels. More fundamentally, the project reinforces the drive towards localization, green manufacturing and import substitution agenda of the country. Read more

 


 

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Africa investor (Ai) unveiled the GEMs3.0 initiative today during COP28 Finance Day.

Over the past decade, more than 500 private investors have asked the MDBs and DFIs to make the Global Emerging Markets Database (GEMs) database available to allow investors to gain a deeper understanding of investment risk in Emerging Markets and Developing Countries (EMDC’s), helping to increase their investment in these countries.

Forced by the alarming public evidence of the tens of billions of dollars of lost opportunities and direct costs to EMDC’s of Multilateral Development Banks (MDB’s), not releasing the GEMs database to investors and credit rating agencies, MDBs have grudgingly committed to providing access to GEMs data in January 2024, through the GEMs2.0 initiative. Read more


 

While Special Economic Zones (SEZs) are well-recognised place-based investment tools for economic development, there is an urgent need to evolve bankability models and practices in the direction of investable Green Industrial Cities (GICs). GICs are destinations that nurture productive, long-term growth and attract industrial capital at scale. However, they do much more. GIC’s represent a greening and investment transformation that refurbishes existing and future SEZs, making them more attractive and resilient as green manufacturing hubs for productive innovation and industrial growth.

The Africa Climate Summit 2023 and its Nairobi Declaration underscored the need for institutional investor public partnerships to mobilise private capital at scale and speed to make the continent a global green technologies and manufacturing leader and capture its outsized share of the $10 trillion per annum and growing global Green Industrial Economy. While investments are pivotal, so are the methods and tools that will ultimately unite the interests of both institutional investors, industrial companies, SME’s, and local communities to deliver a place-based, just energy investment transition. This is of particular importance for communities sitting on significant mineral reserves critical for green transition technologies in high global demand.

Read more

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With more than $100trn of domestic and global institutional assets represented at the Summit, influential public and private sector investment leaders gathered at the COP28 Africa Investment Earthshot Leaders’ Summit, in the first major international gathering of institutional investors following the Africa Climate Summit. The aim is to shape an African investment Earthshot Investment Allocation Plan for the Nairobi Declaration and to mobilize private capital at a scale that can be deployed at speed, through Institutional Investor-Public Partnerships (IIPP’s) that can optimally marry African regional and global energy market demand, with Africa’s industrial and Just Energy Transformation and growth.

Hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN), the Summit underscored that Green industrialization with global commercial, technology partnerships, and long duration offtakes, are the only way that Africa can leapfrog from a $9bn to a $7trn participation in global green value chains. Read more


 

Mercer, a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people advising trillions of institutional assets, shared asset allocation assumptions at the COP28 Africa Investment Earthshot Leaders’ Summit, hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN).

The COP28 Africa Investment Earthshot Leaders’ Summit builds on the Africa Climate Summit and the African Union’s 5% Infrastructure Investment Allocation Agenda (The 5% Agenda) to establish African green industrial infrastructure as a globally competitive investable asset class.

Read more

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COP28 Videos

 

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Mercer unpacks Asset Allocation at The COP28 Africa Investment Earthshot Leaders’ Summit

Mercer, a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people advising trillions of institutional assets, shared asset allocation assumptions at the COP28 Africa Investment Earthshot Leaders’ Summit, hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN).

The COP28 Africa Investment Earthshot Leaders’ Summit builds on the Africa Climate Summit and the African Union’s 5% Infrastructure Investment Allocation Agenda (The 5% Agenda) to establish African green industrial infrastructure as a globally competitive investable asset class.

With Africa possessing 40% of the worlds super abundant natural capital for renewables, 60% of the green critical and in high demand minerals for the world’s transition, a plethora of emerging green industrial cities creating Africa’s silicon valley for global green technologies manufacturing corporations, and the continent possessing more than 50% of the world’s workforce by the end of the century with its youth bulge, Africa is uniquely positioned to significantly increase its share of the $10 trillion per annum and growing global green industrial economy and deliver market competitive, risk and climate adjusted returns, representing a unique and multi-generational investment opportunity for domestic and global long-term institutional investors representing over $150-200trn of assets under management.

The summit's aim was to shape an African investment Earthshot Investment Allocation Plan for the Nairobi Declaration, to mobilise private capital at a scale that can be deployed at speed, de-risked through Institutional Investor-Public Partnerships (IIPP's), and optimally marry African regional and global energy market demand with Africa’s industrial and Just Energy Transformation and growth, and to represent stable and performing assets in institutional investors’ portfolios.

The Summit brought together an influential group of visionary institutional investment leaders, comprising pension plans, sovereign funds, insurance companies, investment consultants and leaders representing more than $100trn of domestic and global institutional assets, to share insights to government and investment  leaders on a new institutional investor-public partnership agenda facilitated through an Africa Investment Earthshot process, to collaboratively draft an African investment Allocation Plan, which supports private capital mobilization at scale, for the Nairobi Declaration, as the continent’s equivalent of the Inflation Reduction Act (IRA) and Europe’s Net Zero Industry Act (NZIA) during The COP28 Presidency.

Mercer shared highlights from its note prepared for the Summit on ‘Considerations in Establishing Specific, Dedicated Allocations to Emerging Markets Infrastructure and Private Equity’. Rich Nuzum, CFA, Executive Director, Investments & Global Chief Investment Strategist, Mercer in delivering the paper, recognised that whilst some of the world’s largest, most sophisticated asset owners and fiduciaries (collectively “asset owners”) have established dedicated allocations to emerging markets infrastructure and/or private equity, as part of their strategic asset allocations or other means of deploying their risk budgets, he highlighted his intervention was intended to help educate asset owners who have not yet established such allocations, regarding some of the common considerations that come into play, as asset owners work through their deliberations on the pros and cons of establishing such allocations.

Speaking at the Summit, Dr. Hubert Danso, CEO and Chairman, Africa investor (AI), Chairman, African Union Continental Business Network (CBN), and co-host of The COP28 Investment Earthshot Leaders’ Summit and NDC Investment Awards, said,

“GIC’s are central to the delivery of Scope 3 decarbonisation, JET-Ps, the African Continental Free Trade Area (AfCFTA), and the African Union’s Nairobi Declaration. We therefore need to enfranchise more at-scale investment innovations and institutional investor-public partnerships (IIPPs), as well as the use of catalytic digital twin technologies, to bring together institutional investors, industrial companies, SME’s, and mayors while disencumbering and networking global off-take markets. This type of GIC place-based impact investment network is at the core of the emerging GIC Global Alliance we will launch during the COP28 Presidency”, says Dr. Hubert Danso, CEO and Chairman, Africa investor (AI), Chairman, African Union Continental Business Network (CBN), and co-host of the COP28 Investment Earthshot Leaders Summit and NDC Investment Awards

The Summit underscored that investable African Green infrastructure and industrialization, with global commercial, technology partnerships, and long-term bankable offtakes, represent a compelling strategy for the continent to leapfrog from a $9bn to a $7trn participation in global green value chains, whilst at the same time establishing African green industrial infrastructure as a stable and performing piece in asset owners portfolios, with the Nairobi Declaration as the enabling political framework, de-risked through Institutional Investor-Public Partnerships (IIPPs).

Read the Mercer note here: https://tinyurl.com/skkhu8xb

See how Ai is Combating Climate Change
Read more...

The COP28 African Investment Leaders Earthshot Summit showcases investments to support the Nairobi Declaration mobilize private capital at scale

With more than $100trn of domestic and global institutional assets represented at the Summit, influential public and private sector investment leaders gathered at the COP28 Africa Investment Earthshot Leaders’ Summit, in the first major international gathering of institutional investors following the Africa Climate Summit. The aim is to shape an African investment Earthshot Investment Allocation Plan for the Nairobi Declaration and to mobilize private capital at a scale that can be deployed at speed, through Institutional Investor-Public Partnerships (IIPP’s) that can optimally marry African regional and global energy market demand, with Africa’s industrial and Just Energy Transformation and growth.

Hosted by the COP28 Presidency, in association with The African Union Development Agency (AUDA), The AU Continental Business Network (CBN), Africa Investor (Ai) Group, and The Energy Nexus Network (TENN), the Summit underscored that Green industrialization with global commercial, technology partnerships, and long duration offtakes, are the only way that Africa can leapfrog from a $9bn to a $7trn participation in global green value chains.

The Summit builds the Africa Climate Summit and the African Union’s 5% Infrastructure Investment Allocation Agenda (The 5% Agenda) to establish African green industrial infrastructure as a globally competitive investable asset class.

The COP28 African Investment Leaders Earthshot Summit was graced with keynote addresses from His Excellency Sheikh Shakhboot Nahyan Al Nahyan, Minister of State for Foreign Affairs of The UAE, H.E. Hage Gottfried Geingob, President of the Republic of Namibia, H.E. Bekele-Thomas, Chief Executive Officer of The African Union Development Agency (AUDA-NEPAD), H.E. Adnan Amin, CEO of COP28, Dr. Hubert Danso, Chairman, AU Continental Business Network (CBN) and the Africa investor (Ai) Group, and Dr. Kandeh Yumkella, Former UN Under-Secretary-General and Special Representative of the UN Secretary-General.

Africa Investment Earthshot initiatives showcased

Africa Investment Earthshot institutional ecosystem leaders, showcased several scalable, replicable, and bankable projects and initiatives capable of establishing African Green Industrial Infrastructure, as a globally competitive investable asset class, buoyed by the Nairobi Declaration as the enabling political framework, equivalent to America’s Inflation Reduction Act (IRA) and Europe’s Net Zero Industry Act (NZIA)), with the Africa Investment Earthshot’s Investment Allocation Plan as the institutional investor-public partnership private capital mobilization instrument.

The Summit also hosted and announced the winners of the prestigious 2023 African NDC Investment Awards, which was launched at COP27, to reward the governments, institutions, and individuals driving transactions that are improving the investment readiness of Africa’s NDC projects requiring $3trn of investment by 2030.

In her keynote address, H.E. Bekele-Thomas, Chief Executive Officer of the African Union Development Agency (AUDA-NEPAD), stated,

"We would ensure that this new institutional investor-public partnership is well reflected in the AUDA-NEPAD programme delivery report at the upcoming AU Heads of State Summit in 2024 and to building momentum throughout and in collaboration with the COP28 Presidency, with formal progress reports being presented at COP29 and the next Africa Climate Summit. "

**ENDS**

See How Ai is Combating Climate Change

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Africa investor NDC Investment Award Winners announced at COP28

Dubai, Johannesburg, Nairobi, Lagos, Washington, Brussels, Beijing, Dubai –  5th December  2023: Africa investor (Ai), a leading international investment group, today announced that African Governments and business leaders, were honoured at the Africa investor (Ai) NDC Investment Awards, held on the 5th of December 2023 at COP28, during The COP28 Africa Investment Earthshot Leaders Summit & NDC Investment Awards at Expo City Dubai, UAE.

These first-of-their-kind NDC Investment Awards, sponsored by the African Green Infrastructure Investment Bank (AfGIIB), were designed to recognize achievements across the main NDC 10 project sectors and reward the governments, institutions, and individuals, driving transactions and improving the investment readiness and ambition, of Africa’s NDC projects requiring $3trn of investment by 2030.

The NDC Investment Awards were launched at the Commonwealth Heads of Government Meeting in Kigali, in June 2022, with the inaugural awards presented in November 2022 at COP27 in Egypt.

The 2023 NDC Investment Awards were profiled at the Africa Climate Summit in Nairobi, with the Best Shortlisted NDC projects comprising 160 projects, representing over $35bn of NDC financing and investment opportunities, from 43 African countries and all 5 African sub regions, announced during Climate Week at the 78th Session of the UN General Assembly in New York.

To recognize exemplary Presidential leadership on Africa’s climate investment agenda, the NDC Awards Secretariat presented its prestigious, special NDC Presidential Investment Climate Statesmen of the Year Awards during the ceremony in Dubai.

Commenting on the Ai NDC Investment Awards winners, Dr. Hubert Danso, Chairman of Africa investor Group and the Chair of the NDC Awards Adjudication panel said,

“Africa investor (Ai) is proud to use its global investment platform to showcase and recognize Africa’s NDC project sponsors, developers, financiers, investors and Presidential Climate Investment Champions. This growing community of leaders are critical to the continent mobilising the required $3trn of green investment for our NDC’s by 2030, to pursue Africa’s NetZero aspirations. We congratulate all the shortlisted and winning candidates on their climate investment leadership."
The NDC Investment Awards high-level Adjudication panel included:
  • Hubert Danso, Chairman of Africa investor Group and the Chair of the NDC Awards Adjudication panel
  • Damilola Ogunbiyi, CEO and UN SRSG for Sustainable Energy for All, Co-Chair of UN-Energy.
  • Ziad-Alexandre Hayek, President of the World Association of PPP Units (WAPPP).
  • John Denton, Secretary General of the International Chamber of Commerce (ICC).
  • Kandeh Yumkella, Former UN Under-Secretary-General and Special Representative of the Secretary-General and CEO.
The Africa investor (Ai) NDC Investment Awards, are held in collaboration with the African Green Infrastructure Investment Bank (AfGIIB).

Ai African NDC Investment Awards Winners 2023:

NDC Presidential Champion Award Winners

  1. Presidential "Green Infrastructure Investment Statesman" Of The Year

His Excellency Hage Gottfried Geingob, President of The Republic of Namibia

  1. Presidential “Agriculture Investment Statesman” of the Year

His Excellency Julius Maada Wonie Bio, President of The Republic of Sierra Leone

  1. Presidential "Just Transition Investment Statesman" Of The Year

His Excellency William Ruto, President of the Republic of Kenya

  1. Presidential "Carbon Investment Initiative Statesman" Of The Year

His Excellency Denis Sassou Nguesso, President of The Republic of Congo

  1. Presidential "Transport Investment Statesman” Of The Year

His Excellency Paul Kagame, President of The Republic of Rwanda

  1. Presidential “Water Investment Statesman” Of The Year

His Excellency Bola Tinubu, President of The Republic of Nigeria

  1. Presidential “Energy Investment Statesman” Of The Year

His Highness King Mohammed VI, President of The Kingdom of Morocco

NDC Project Award Winners:

  1. Best Urban Development NDC Investment Initiative of The Year

Chongwe Smart City Renewable Energy Project, The Government of Zambia

  1. Best Agriculture NDC Investment Initiative of The Year

Using Agricultural residue to achieve health and climate benefits from cleaner cooking, National Council on Climate Change (NCCC) Nigeria

  1. Best Health NDC Investment Initiative of The Year

Global Health Corps (GHC) 2022, GHC Malawi, Rwanda, Uganda, Zambia and America

  1. Best Transport NDC Investment Initiative of The Year

E-mobility venture, Basigo Ltd Kenya

  1. Best Water NDC Investment Initiative of The Year (Joint initiative)

Climate Investor Two (CI2) - Water, Sanitation, and Oceans Infrastructure Projects, Climate Fund Managers B.V

  1. Best Waste NDC Investment Initiative of The Year

The Power of Waste, Phoenix Edison Nigeria

  1. Best Tourism NDC Investment Initiative of The Year

Rhino Africa Corporate Social Responsibility (CSR), Rhino Africa Namibia

  1. Best Forestry NDC Investment Initiative of The Year

Irise Malawi, Irise Global Inc Malawi

  1. Best Energy NDC Investment Initiative of The Year

Siwa Solar PV Plant, MASDAR Egypt

  1. Best Education NDC Investment Initiative of The Year

Food for Education (F4E), Kenya 

  1. Best Financeable NDC City Initiative of the Year

Green City Kigali (GCK), FONERWA Rwanda

  1. Best GreenTech NDC Initiative of the Year

Early-stage Tech start-ups, The Catalyst Fund Africa

  1. Best Investable NDC Adaption Initiative of the Year

Building the Resilience of Local Communities in Zambia through the Introduction of Ecosystem-based Adaptation (EbA) into Priority Ecosystems, including Wetlands and Forests, The Government of Zambia

  1. Best Bankable Donor NDC Initiative of the Year

Etihad 7, United Arab Emirates Ministry of Foreign Affairs and International Cooperation

  1. Best Blended Investment NDC Initiative of the Year

GAIA's Blended Finance Fund, Mitsubishi UFJ Financial Group Bank Latin America, Caribbean, Africa, Asia-Pacific and FinDev Canada

  1. Best Youth NDC Initiative of the Year

Ivoire Myciculture Distribution (IMD), Cote d’ivoire

 

ENDS**

Note to Editors

For more information on the Ai African NDC Investment Awards, visit: www.ndcinvestmentawards.com, or email: awards@africainvestor.com

 

About The NDC Investment Awards Headline sponsor

The African Green Infrastructure Investment Bank (AfGIIB) is an African Union-convened and supported African institutional investor-led, global climate investment platform, to catalyze private capital for Africa’s green transition. Visit www.afgiib.com for more information.

About Africa investor 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. Visit www.africainvestor.com

See how Ai is combating Climate Change

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COP28: The Infrastructure Corporation of Nigeria, The African Green Infrastructure Investment Bank and Solarge International BV Announce the Intention to manufacture lightweight Solar Panels with an Ultra-Low Carbon footprint in Nigeria

3 December 2023: The Infrastructure Corporation of Nigeria (InfraCorp), a US$15 billion government-backed, privately managed infrastructure development, is pleased to announce a strategic partnership with the African Green Infrastructure Investment Bank and Solarge International BV, a leading European manufacturer of lightweight solar panels, for establishing a solar panel manufacturing factory in Nigeria, contributing significantly to the country's industrialization drive and aligning with the vision of President Bola Ahmed Tinubu for local manufacturing capabilities to create employment, accelerate electrification, and grow the economy while decarbonizing in line with Nigeria’s energy transition commitments. The Solar PV Manufacturing Plant will be one of the first large scale production facilities in the world for lightweight solar panels with ultra-low carbon footprint. The project will play a pivotal role in Nigeria's commitment to sustainable local manufacturing and critical infrastructure for achieving Net Zero emissions and advancing its energy transition plan to cleaner and sustainable energy sources, reducing reliance on traditional fossil fuels. More fundamentally, the project reinforces the drive towards localization, green manufacturing and import substitution agenda of the country.
"We are excited about the partnership with Solarge as it aligns with our commitment to driving an accelerated deployment of infrastructure in Nigeria and specifically toward sustainable development and economic growth. The Solar PV Manufacturing Plant represents a critical step in our aspiration to champion the deployment of climate-resilient infrastructure for a cleaner, greener, and more industrially vibrant Nigeria." – Dr. Lazarus Angbazo, CEO of InfraCorp.
"The African Green Infrastructure Investment Bank (AfGIIB) is delighted to bring Solarge and InfraCorp together, as part of our strategic investment mandate to align global technology and domestic institutional investment partners, to establish and invest in locally owned and run industrial-scale, solar and green manufacturing technologies plants, located in Africa’s emerging world class green industrial cities." - Dr. Hubert Danso Chair, The African Green Infrastructure Investment Bank (AfGIIB).
"Solarge is honored to collaborate with InfraCorp in advancing Nigeria's solar energy capabilities. Our joint efforts will contribute to the realization of a sustainable and resilient energy future for the country and strengthen the long-standing bilateral relationship between the Government of Nigeria and the Netherlands." – Drs. Jan Vesseur, CEO of Solarge.
“This partnership is a significant step forward to realising Nigeria's ambitions to transition to green sustainable economy, strengthening the relations between Nigeria and the Netherlands. The solar sector not only provides opportunities for climate mitigation but also contributes to increased energy access and job creation. Together, we are committed to leveraging these opportunities for a sustainable and prosperous future”.- His Royal Highness Prince Jaime de Bourbon de Parme, Climate Envoy of The Netherlands.
This strategic partnership marks a significant milestone in Nigeria's journey towards a sustainable and resilient energy future. InfraCorp and Solarge are dedicated to driving positive change, fostering innovation, and contributing to the nation's overall well-being. For more information: InfraCorp: Elisha Douglas d.elisha@infracorpnigeria.com AfGIIB: Hubert Danso hdanso@africainvestor.com Solarge: Gerard de Leede gerrarddeleede@solarge.com
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Africa investor calls for climate investment statesmanship at UN Climate Week

New York, 20th September 2023 – Africa investor (Ai) participated in the 78th session of the UN General Assembly (UNGA) attended by over 130 heads of state and government and the UN Climate Week activities, under the theme ‘We Can. We Will.’ This year’s Climate Week was bigger than 2022, which was the most impactful, ambitious, and far-reaching one to date, with institutional investors, heads of state and governments, business leaders, policy change makers, local decision takers, and civil society representatives using the week as a rallying call to triple clean investments, find new solutions, take concrete action, explore new opportunities and solutions, and break down barriers to private capital mobilization at scale. This will lead to the just and optimal integration of emerging markets and developing countries (EMDCs) into the value chains of the $10trn per annum and growing, global green industrial economy. Ai, led by Dr Hubert Danso, Ai CEO and Chairperson and Chairperson of the CFA Global Asset Owners Council, took part in a number of events and bilateral meetings with heads of government, business, and civil society leaders. Dr Danso Chaired the CFA Global Asset Owners annual Climate Summits Closing the Emerging Markets and Developing Countries Investment Gap High Level Leaders Panel. He also spoke following the UN Secretary General’s Ambition Summit, at a high-level panel on What the Ambition Summit Means for COP28. Commenting on Africa investor’s participation at UNGA and UN Climate Week, Dr Danso lamented the climate and SDG financing and investment gap of more than $23trn which places Emerging Markets and Developing Countries (EMDCs) at a disadvantage. He also highlighted the gravity and urgent need for decisive climate investment statesmanship, to address the long standing systemic Multilateral Development Banks’ (MDB) private capital mobilisation market failure to avert an imminent green finance debt crisis. Dr Danso restated the institutional investment community’s commitment to provide leadership and work with Heads of State, to constructively course correct and boost private capital mobilization at scale and with speed for EMDCs. Finally, he called for climate investment statesmanship from world leaders who share this vision, to join hands with African and global asset owners (representing over $150trn of assets), to establish a Heads of State - institutional climate investment coalition, to be announced at COP28, to systematically build deeper and co-create more strategic institutional investor public partnerships (IIPPs), with the global institutional investment community, and close the huge but surmountable climate and SDG financing and investment gap in EMDCs. Dr Danso, as the Chair of the 2023 NDC Investment Awards Adjudicating Panel, also presided over the announcement of the shortlisted nominees for the prestigious 2023 NDC Investment Awards to be presented at COP28 in the UAE. The NDC Investment Awards sponsored by the Africa investor (Ai) and the African Green Infrastructure Investment Bank (AfGIIB), are the first-of-their-kind global African climate investment awards, launched at COP27 in Egypt and showcased during the recent successful Africa Climate Summit in Nairobi, are designed to raise ambition, recognize achievements across the main NDC project sectors and reward the governments, institutions and leaders driving private capital mobilisation and improving the investment readiness of Africa’s NDC projects, which require over $3 trillion of investment by 2030. END
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African Climate Investment Awards Shortlist announced at UN Climate Week in New York

The shortlist for the highly coveted NDC Investment Awards, sponsored by the African Green Infrastructure Investment Bank (AfGIIB), was unveiled at UN Climate Week in New York, following the UN Secretary Generals Ambition Summit. These first-of-their-kind global African climate investment awards, launched at COP27 in Egypt and showcased during the successful Africa Climate Summit in Nairobi, are designed to raise ambition, globally recognize achievements across the main NDC project sectors, inspire and reward governments, developers, investors and development partners, driving private climate capital mobilization and improving the investment readiness of Africa’s NDC projects, which require over $3 trillion of investment by 2030. This year’s awards see the addition of Presidential Investment Statesman of the Year Awards, and exciting new private capital mobilisation and multi-stakeholder categories, such as the Best Investable NDC Adaption Initiative of the Year, Best Bankable Donor NDC Initiative of the Year, Best Blended Investment NDC Initiative of the Year, Best Financeable NDC City Initiative of the Year, Best GreenTech NDC Initiative of the Year and the Best Youth NDC Investment Initiative of the Year. The shortlist includes 160 projects public and private sector sponsored projects, representing approximately USD 40bn of NDC financing and investment opportunities, from 43 African countries, covering all 5 African sub regions. The 2023 NDC Investment Awards high-level Adjudication panel consist of:
  • Dr. Hubert Danso, Chairman of Africa investor and the Chair of the NDC Awards Adjudication panel.
  • Damilola Ogunbiyi, CEO and UN SRSG for Sustainable Energy for All, Co-Chair of UN-Energy.
  • John Denton, Secretary General of the International Chamber of Commerce (ICC).
  • Kandeh Yumkella, Former UN Under-Secretary-General and Special Representative of the Secretary-General and CEO.
  • Ziad-Alexandre Hayek, President of the World Association of PPP Units (WAPPP).
Commenting from New York at the shortlist announcement, Dr. Hubert Danso, Chairman of Africa investor (Ai) and the Chair of the NDC Investment Awards Adjudication panel, said,
“We are delighted during this critical leadership year of Africa’s COP27 Presidency, the successful Africa Climate Summit, the SDG review and the COP Global Stocktake, to host these ambitious 2023 NDC Investment Award candidates success stories, which reinforce Africa’s investment competitiveness and central role as the world’s green industrial investment destination. The opportunities that governments and investors have, to collaborate through institutional investor-public partnerships (IIPPs), and to co-create ambitious, at scale blended investments that optimally marry regional and global market demand with Africa’s industrial and just energy system transformation, transition and growth, will ensure the continent optimises its share of the $10trn pa and growing global green industrial economy, assisting accelerate investment in a just energy future for Africa and the world."
The 2023 NDC Investment awards winners will be announced at COP28 in the United Arab Emirates (UAE). See the below 2023 NDC Investment Awards shortlist nominees:
1. Best Waste NDC Initiative of the Year
No. Project Name             Country
1. The Power of Waste- Phoenix Edison Nigeria
2. Zero Organic Waste to Landfills Zimbabwe
3. Empowering waste pickers to create a sustainable waste management system; Ghana
4. Mega Gas Alternative Energy Enterprise Ltd Kenya
5. Women re- and up cycling plastic trash Nigeria
6. Clean-Seas Morocco Morocco
7. National Solid Waste Management Program Egypt
8. Employment promotion for women for the green transformation in Africa (WE4D) Kenya, Mozambique, South Africa, Tanzania, and Uganda
9. Sabi Recycling Nigeria
10. Sustainable Waste Management (Phasing Out Open Waste Burning) Continent Wide
 

2. Best Energy NDC Initiative of the Year

No. Project Name             Country
1. 60 Mw Solar Plant in Salama District Malawi
2. Lekela Power Morocco
3. BOAD Climate Finance Facility to Scale Up Solar Investments in Francophone Countries West Africa
4. The Energy Transition Accelerator Scale green hydrogen infrastructure Kenya
5. Siwa Solar PV Plant Egypt
6. Renewable Energy Assets Kenya
7. Port Victoria Wind power project Seychelles
8. Morocco Solar Home Systems Morocco
9. Ile de Romainville Solar Park Seychelles
10. The Energy Transition Accelerator (ETA) SCALE (Scaling Climate Action by Lowering Emissions) initiative Africa/ Global
 

3. Best Transport NDC Initiative of the Year

No. Project Name  Country
1. BasiGo Ltd Kenya
2. Ampersand e-Mobility Kenya
3. The New Bugesera International Airport Rwanda
4. Electric Light Rail Network Project Egypt
5. Jali E-Mobility Financing Rwanda
6. Clean Air Africa East Africa
7. Facilitating Zambia’s Transition to e-mobility Zambia
8. Implementation of One-Stop Joint Border Posts (JBPs) in Africa Kenya, Burkina Faso, Togo,  Cote D'Ivoire, and Mali
9. Mobility For Africa Mauritius
10. Seko E-WAKA project Kenya
 

4. Best Urban Development NDC Initiative of the Year

No. Project Name             Country
1. The City of Nairobi Kenya
2. Chongwe Smart City Renewable Energy Project Zambia
3. Nexgen Sustainable City Egypt
4. Nyandugu Urban Wetland Eco-Tourism Park Rwanda
5. Africa Sustainable investment & Infrastructure Programme Madagascar
6. SA-One Million Tree Campaign South Africa
7. The Parks South Africa
8. N’Djamena Urban Resilience Project Chad
9. Algeria 5 cities from scratch Algeria
10. Green Buildings and Retrofits for Affordable Housing Project Rwanda
 

5. Best Forestry NDC Initiative of the Year

No. Project Name             Country
1. Imperative Global-Carbon Market Facility Malawi
2. Debt for nature Swap Instrument Gabon
3. Shire Valley Transformation Project (SVTP) Malawi
4. Building the Resilience of Local Communities in Zambia through the Introduction of Ecosystem-based Adaptation (EbA) into Priority Ecosystems; including Wetlands and Forests Zambia
5. Ecosystem-based Adaptation (EbA) into Priority Ecosystems, including Wetlands and Forests Malawi
6. Restoring Malawi’s Land to Harness Water Regreening Africa Ethiopia, Kenya, Mali, Niger, Rwanda, Somali
7. Tree Value Chain Development 2022-23 Reforestation Campaign Madagascar
8. Central Africa Forest Initiative (CAFI) Gabon
9. Sustainable charcoal production and cooking stoves in Central Liberia Liberia
10. Enabling People to Restore Land in the Central African Republic Central Africa Republic
 

6. Best Financeable NDC City Initiative of the Year

No. Project Name             Country
1. Green City Kigali (GCK) Rwanda
2. Eko Atlantic City Nigeria
3. Kigali Innovation City (KIC) Rwanda
4. Seme City Benin
5. Konza Techno City Kenya
6. African Green Industrial Cities Initiative Across African Cities
7. African Water Cities Across African Cities
8. African Smart Cities Across African Cities
9. King City Ghana
10. Vision City Greening Phase 2 Rwanda
 

7. Best GreenTech NDC Initiative of the Year

No. Project Name             Country
1. Catalyst Fund- Early stage Tech startups Africa
2. Kawi Safi 2- Low-carbon technologies Africa
3. Farmer Lifeline Technologies Kenya
4. D-Olivette Enterprise Nigeria and Benin
5. Trees for the Future's drone project (Tanzania Mali, Senegal, Kenya, and Uganda)
6. The Third Eye Project Kenya Kenya
7. DigiCow Kenya
8. PowerTrust Across Africa Across Africa
9. SunCulture Across Africa
10. Money4Glass South Africa
 

8. Best Agriculture NDC Initiative of the Year

No. Project Name             Country
1. NNC-Agricultural residue to achieve health and climate benefits from cleaner cooking Nigeria  
2. Farming and Solar powered irrigation (Kenya, Uganda, Tanzania, Rwanda, Nigeria, Ghana, Ivory Coast)
3. Akwaaba Feeds Ghana
4. Green Again Crop Diagnosis App Cameroon
5. Grain Storage Projects Africa South Africa and Tanzania
6. The SCARF Project Tanzania
7. Akatale on Cloud Uganda
8. African Agricultural Transformation Initiative (Ghana, Malawi, Kenya, Senegal)
9. Value4Her Across Africa
10. AFR100-Restoration of Degraded Land Across Africa
 

9. Best Education NDC Initiative of the Year

No. Project Name             Country
1. Food for Education (F4E) Kenya
2. Electric Mission South Africa
3. Mozambique Improvement of Skills Development Mozambique
4. General Education Quality Improvement Program for Equity (GEQIP-E) Ethiopia
5. Somalia Empowering Women through Education and Skills Project - "Rajo Kaaba" Somalia
6. Development Regional Teachers' Initiative in Africa and for Africa Africa
7. Global Partnership for Education (GPE) Africa
8. Education Cannot Wait (ECW) Africa
9. Africa Hydromet Program Strengthening Climate Resilience in Sub-Saharan Africa Burkina Faso, Mali
10. Barka Fund Africa
 

10. Best Health NDC Initiative

No. Project Name             Country
1. Arch Holdings' Clean Cooking Ghana  
2. Global Health Corps (GHC) 2022 (Malawi, Rwanda, Uganda, Zambia, America)
3. The Friendship Bench Project Zimbabwe
4. The Healthy Learners Model Programme Zambia
5. Drop Access and Vaccibox Solar Powered Refrigeration Kenya
6. Strengthening disease surveillance systems, capacity of laboratories, and staff skills on public health emergency preparedness and coordination Burkina Faso  
7. Cabo Verde - Strengthening National Health Security through One Health approach​ Cabo Verde
8. Health emergencies preparedness and response strengthening in Togo Togo
9. Yemen pandemic preparedness and response project (PPRP) Yemen
10. Zambia Multi-sectorial Pandemic Preparedness and Response Project (ZaMPPR) Zambia
 

11. Best Water NDC Initiative of the Year

No. Project Name             Country
1. The Grand Inga Dam Project Democratic Republic of Congo
2. Climate Investor Two (CI2) Water, Sanitation, and Oceans Infrastructure Projects Across Africa/Global
3. Restoring the health of agro-ecological zones of the fragile rangeland and mountain landscapes through Ecosystem-Based Adaptation (EbA) Uganda
4. Orange-Senqu River Strategic Action Lesotho, South Africa, Namibia
5. Project Kasongo Lunda Democratic Republic of Congo
6. Project Digeluna Tijjo Ethiopia
7. Water For People Uganda
8. Project Ndumbi Seconary School Kenya
9. Tara Primary School Project Zambia
10. Katsina State Water Board’s Water Supply Services Nigeria
 

12. Best Tourism NDC Initiative of the Year

No. Project Name             Country
1. Sustainable Tourism Strategic Plan Development in Sierra Leone Sierra Leone, Italy, and South Africa
2. Rhino Africa Corporate Social Responsibility (CSR) Namibia
3. African Wildlife Foundation (AWF) Across Africa
4. Egypt Mainstream Biodiversity Into Tourism Development Egypt
5. UNWTO Program Regional Commission for Africa Across Africa
6. Modderfontein Reserve South Africa
7. Wilderness Mombo Camp Botswana
8. Travel Local South Africa/Global
9. Green Safaris Zambia & Malawi
10. Tourism Recovery, Diversification and Resilience Project Gambia
 

13. Best Investable NDC Adaptation Initiative of the Year

No. Project Name             Country
1. Building the Resilience of Local Communities in Zambia through the Introduction of Ecosystem-based Adaptation (EbA) into Priority Ecosystems, including Wetlands and Forests Zambia  
2. The Africa Adaption Acceleration Program's Food Security program Across Africa  
3. Global Program on Locally Led Adaptation Across Africa
4. Africa Adaption Initiative Ethiopia/Across Africa
5. The South African National Biodiversity Institute (SANBI) South Africa
6. The Adaption Fund Africa/Global
7. The Africa Adaption Acceleration Program Africa
8. The Great Green Wall Africa
9. Resilient Water Accelerator' (Water Aid) Africa/Global
10. Climate Investor Two Africa/Asia/South America
 

14. Best Bankable Donor Initiative of the Year

No. Project Name             Country
1. SA-H2 Fund (Green Hydrogen Fund) South Africa
2. UNDP Resilience Hub Africa Africa
3. Just Energy Transition Partnership (JET-P) for Senegal Senegal
4. Just Energy Transition Partnership (JET-P) for South Africa South Africa
5. Accelerated Partnership For Renewables in Africa (APARA) Kenya, Denmark, Germany and UAE
6. The Middle East & North Africa Multi-Donor Trust Fund North Africa
7. WWF Bankable Nature Solutions The Commonwealth Climate Finance Africa/Global
8. Access Hub (Eswatini, Mauritius, Namibia, Seychelles, Zambia)
9. Ethihad 7 Across Africa
10. EU-Africa Global Gateway Investment Package Across Africa
 

15. Best Blended Investment NDC Initiative of the Year

No. Project Name             Country
1. Risk Sharing Backstop Facility (RSBF) Nigeria
2. The Acumen Resilient Agriculture Fund (ARAF) Across Africa
3. Otjikoto Biomass Power Project Namibia
4. Unlock 10 gigawatts (GW) of clean energy project Africa
5. Catalytic Finance Foundation Africa/Global
6. Philanthropy Lab Across Africa
7. Catalytic Capital Africa (2CAfrica) Commitment Objective 2023-2025 Across Africa
8. Nigerian Wholesale Impact Investment Fund (WIIF) Nigeria
9. GAIA's Blended Finance Fund Across Africa
10. AgDevC Sub-saharan Africa Across Africa
 

16. Best Youth NDC Initiative of the Year

No. Project Name             Country
1. KALTANI Recycling and Waste Management Project Nigeria
2. YouthADAPT program Across Africa
3. Ivoire Myciculture Distribution (IMD) Cote d'Ivoire
4. Primary Education Equity in Learning Program Kenya
5. Piloting social protection and WASH interventions to keep adolescent girls in school in Zimbabwe Zimbabwe
6. Girls Empowerment and Learning Project Angola
7. The Restoration of Eyecare Through Innovation and Awareness (RETINA) Nigeria
8. Uman4Uman Sierra Leone
9. Ethnodesign Global Kenya
10. Biha Eco Venture Uganda
  ENDS** Note to Editors For more information on the Ai African NDC Investment Awards, visit: www.ndcinvestmentawards.com, or email: tmutasa@africainvestor.com About The NDC Investment Awards Headline sponsor The African Green Infrastructure Investment Bank (AfGIIB) is an African Union-convened and supported African institutional investor-led, global climate investment platform, to catalyze private capital for Africa’s green transition. Visit www.afgiib.com for more information. 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. Visit www.africainvestor.com
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Africa investor (Ai) supports the Africa Climate Summit

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. ENDS** Note to Editors For more information email: wedwards@africainvestor.com 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. Visit www.africainvestor.com
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Green Industrial Cities Make Africa ‘renewable energy superpower’

Nairobi, Kenya, Oslo, Norway 7th September 2023 - “Africa has the potential to become a world leader in renewables and green growth”. ‘Kenya’s President Ruto’s´ message to the 2023 African Climate Summit (ACS), echoed by African Union Heads of State and UN Secretary-General Guterres’, calling for the immediate creation of Institutional Investor-Public Partnerships (IIPPs) to invest at scale and establish leading green industries, adding value to Africa’s mineral wealth and capturing an outsized share of the $10trn per annum and growing global green industrial economy.

Africa Investor CEO and Chairman of the Just Transition Investor Alliance (JTIA), Dr. Hubert Danso, offers a practical approach to implementing the ACS´ ambitions and objectives: A blueprint for ´Green Industrial Cities´(GIC).

“These carefully selected and interconnected special purpose, place based impact investment destinations, predominantly located in places dependent on mining and highly carbon intensive industries, will constitute an investable ´Green Energy Corridor´”, Dr. Danso shares in a comment. 

The Corridor for investments and solutions will open a gateway for customers seeking to procure finished green goods and technologies. The data driven approach to developing GICs proposed by Dr. Danso, leveraging catalytic technologies such as AI enabled  Digital Twins and advanced simulation, promises to speed up planning and procurement processes by as much as 15%, and ultimately de-risk the underwriting of industrial scale investments.

The methodology, which is currently being applied in both Europe and Africa, is co-developed with United Cities and the United Cities Sustainability Centre in Norway on the back of a partnership with JTIA announced earlier this year at the New Financial Pact Summit in Paris.

African cities can use our methods to leapfrog their green transition. We are delighted to have found an approach that speaks to the needs of cities, as well as institutional investors”, says United Cities Director General, Ms. Kari Aina Eik.

The emerging Green Industrial Cities Alliance and the Green Energy Corridor is a powerful implementation platform for the Africa-EU Earthshot (AEE) launched at the ACS, drawing on the JTIA’s Just Transition Procurement Champions Community (JTPCC) of Large African companies and Global Corporations from across commercial and industrial sectors, SME’s, non-profit organizations, Aid organizations, as well as other buying agencies. operating globally and across the continent.

While recruitment of the first cohort of Green Industrial Cities is well underway, so are preparations for the next phase of the investment platform, to be announced during COP28 in Dubai in December and set to further bolster the Partnership for Renewables in Africa (APRA), accelerating the continent’s just energy transition and cementing Africa as the defacto renewable energy industrial superpower.

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