Description
G7-Africa investor Summit 2021
The AfGIIB initiative recognizes that the African green infrastructure finance market is highly fragmented, representing a need to create a world class international pan African investment platform to mobilize this financing market and institutional capital at scale.
The AfGIIB’s mission, is to create a specialist, independent, catalytic and commercially run, pan African Green infrastructure Investment Bank, to catalyze private capital to accelerate Africa’s green transition. The AfGIIB will also assist the continent and investors address:
- Africa’s requirement for $150bn-$350bn for adaption by 2030;
- The $3trn of investment capital needed for Nationally Determined Contributions (NDCs) by 2030; and
- Leverage Africa’s renewable energy investment opportunity, that is estimated to be $32bn per annum by 2030.
