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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

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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

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

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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.

The Call to Action highlighted and proposed solutions to several key impediments to significantly increasing private capital mobilization in Africa, emerging markets, and developing countries to overcome the identified barriers, the Call to Action provides solutions to:

• Improve bankable deal flow;
• Address longstanding risks and investment barriers;
• Ensure “additionality” of MDB financing; and
• Improve data transparency and risk assessments.

The full list of organisations that support the Call to Action include: Africa Investor, Convergence, the Glasgow Financial Alliance for Net Zero (GFANZ) Capital Mobilization Workstream, Global Investors for Sustainable Development (GISD) Alliance, Institutional Investors Group on Climate Change (IIGCC), the Investor Leadership Network (ILN), Sustainable Markets Initiative Blended Finance Task Force (SMI), GI Hub Private Sector Advisory Council (GI Hub), the UN-Convened Net-Zero Asset Owner Alliance, and the Net-Zero Banking Alliance.

Commenting on the Call to Action from COP28 in Dubai, Dr Hubert Danso, CEO and Chairman, Africa investor (Ai) Group, said “We look forward to working with African Heads of State and the institutional investment community commanding over $100trn, to Scale Private Capital Mobilization to Africa through institutional-investor-public partnerships (IIPPs), to build trust, address perceived perceptions of risk and unequivocally establish African green industrial infrastructure as an investable asset class”

Download the Call to Action here.

Ends

Read on how Africa investor is combating Climate Change

Dr. Hubert Danso Speaks at COP 28 Leaders Roundtable on Emerging Markets Infrastructure Investment

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Africa investor (Ai) today confirmed that Dr. Hubert Danso, its CEO and Chairman, and the Chairman of the African Union’s Continental Business Network (CBN), the African Green Infrastructure Investment Bank (AfGIIB), and Co-Chair of the SMI Africa Council, spoke at the COP28 Leaders Roundtable on Mobilizing Capital for Sustainable Infrastructure in Developing Economies in Dubai, at the COP28 Business & Philanthropy Forum.

The objective of the high-level leaders’ roundtable, focused on mobilizing and accelerating private capital’s participation in lower-and middle-income countries through better institutional investor-public partnerships (IIPPs) and blended investments.

Following the World Bank and IMF annual meetings in Marrakech where the World Bank committed to working in greater partnership with the private sector and aligned with the private sector Call to Action (authored by SMI, Africa investor, NZAOA, GFANZ, GISD, ILN, Convergence, IIGCC, GIHub, UNEP FI and PRI), the roundtable was an opportunity for a synergistic discussion amongst leading infrastructure and project developers, investors, financial institutions, MDBs, DFIs and governments.

The roundtable delved deeply into the challenges infrastructure investors face when expanding in developing economies, the practicalities of institutional investor public partnerships (IIPPs), and how blended investments, by combining public and private resources, offer an unparalleled strategy to de-risk investments and scale the flow of private capital.

Institutional investor-public partnerships (IIPPs) are a tangible pathway to unlock vast reserves of private capital, steering them toward projects that once seemed too risky or unviable. The roundtable highlighted that by leveraging IIPPs strategically, we can create attractive investment landscapes, catalyzing accelerated industry transition.

The roundtable encouraged the broader efforts on MDB/DFI reform and private capital mobilization to help inform Brazil’s 2024 G20 Presidency and the IDB’s 2024 MDB Coordination role. It also directly supports the work of the SMI Africa Council which Dr Danso Co-Chairs and several key SMI Task Forces, including the Energy Transition, Blended Finance, and Legal Services Transition Hubs.

The Roundtable facilitated by Sir Alok Sharma, President of COP26, included eminent public and private sector leaders, such as Sir Tony Blair, Executive Chairman, Tony Blair Institute, Noel Quinn, CEO, HSBC Group, Shemara Wikramanayake, CEO, Macquarie Group, Marc-Andre Blanchard, EVP, CDPQ Global and Amy Hepburn, CEO, ILN amongst others.

The Business and Philanthropy Forum convened world leaders, international organisations, and CEOs of the private sector together to discuss and showcase progress, challenges, and solutions across a number of industries and issues.

Ends.

Africa: A hub for green investment

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Dr. Hubert Danso, CEO and Chairman of the Africa Investor (AI) Group, joins Vince Molinari to talk about Africa’s position on climate change. They also discuss how Africa is shaping itself as a hub for green investment opportunities and how value can be added to the continent’s extensive raw materials. In addition, they discuss the importance of the Africa Green Infrastructure Investment Bank and why the just concluded 2023 Africa Climate Summit was a milestone in the fight against climate change.

Africa investor calls for climate investment statesmanship at UN Climate Week

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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

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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

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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

Green Industrial Cities Make Africa ‘renewable energy superpower’

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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.

Dr. Hubert Danso, Ai Chair, Appointed as SMI Terra Carta Seal Judge

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Africa investor (Ai) is pleased to confirm that Dr. Hubert Danso, Ai CEO and Chairman, has been appointed to the prestigious 2023 Terra Carta Seal Awards Adjudication Panel, hosted by the Sustainable Markets Initiative (SMI).

The SMI was launched by King Charles III, as Prince of Wales, at the World Economic Forum in Davos in January 2020. His Majesty further introduced the Terra Carta at the One Planet Summit in Paris in January 2021.

Today, the SMI stands as the leading CEO-led global private sector network, spanning various industries and financial sectors, dedicated to accelerating the global transition to a sustainable future.

With a strategic focus on the private sector, the Terra Carta, serving as the mandate of the SMI, aims to spearhead and expedite the world’s transition to sustainability by embedding Nature, People, and Planet at the core of global value creation.

The Terra Carta Seal honors corporations that are at the forefront of creating a Climate and Nature-positive future. It is awarded to companies that have developed a publicly accessible transition roadmap and exemplify transition excellence aligned with the principles of the Terra Carta.

In his role as a judge, Dr. Danso will be tasked with evaluating outstanding applications from large, global companies that have demonstrated exceptional commitment to sustainability through a publicly accessible transition roadmap. These companies provide exemplary models of transition excellence in alignment with the Terra Carta articles.

The 2023 Terra Carta Seal Awards winners will be announced at COP28 in Dubai.

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Dr Hubert Danso appointed to UN Advisory Board of the Africa Green Financing Initiative

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Africa investor (Ai) today confirmed that Dr. Hubert Danso, its CEO and Chairman, and the Chairman of the African Union’s Continental Business Network (CBN) and the African Green Infrastructure Investment Bank (AfGIIB), has been appointed to the UN’s Africa Green Business and Financing Initiative Advisory Board.

The United Nations Development Programme (UNDP) Africa Sustainable Finance Hub (ASFH) established the Africa Green Business and Financing Initiative to advance the role of private sector engagement towards climate action and the green economy across the African continent, to enable the development of green businesses and financing models, to scale private sector participation in Africa’s growing green economy.

The initiative is designed to be both knowledge-based and action-oriented, developing Action Roadmaps for African States and stakeholder action mobilisation campaigns at the regional and country levels, to engage public and private sector stakeholders to stimulate new actions, partnerships, as well as investment mobilization programming.

The High-level Advisory Board consists of leaders representing the Institutional Investment Community, Private Sector, Civil Society, and National Champions from African governments.

Dr Danso’s role as an eminent Board member and Ambassador for the initiative will be to share his vast institutional investment expertise and green infrastructure investment experience, to assist in identifying private capital mobilization pathways, highlighting the innovative model of the African Green Infrastructure Investment Bank (AfGIIB), which is rapidly establishing African Green Industrial Infrastructure, as a globally competitive investable asset class, through institutional investor-public partnerships (IIPPs).

Watch: Dr Danso’s UN Climate Week Interview and address at the African Unions’ Africa Climate Summit Presidential Panel

Watch: Africa – A hub for green investment

Watch: Presidential Day – Africa Climate Summit 2023

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