Africa’s Green Economy Summit connects global capital with green economy projects from across the continent

February 22-24th 2023, Cape Town, South Africa – the Global Green Growth Institute as a key partner of the Africa Green Economy Summit this year joined participants from across the globe to share their insights, experience and knowledge on green economy initiatives lead by GGGI and partners. With the the event theme for 2023 “Driving the Green economy investment strategy”, the Summit brought together global investor community, project owners and business executives focused on green transport, renewable energy and clean technologies, together with African governments, cities, and policy makers to pave the way for an inclusive green economy and a sustainable future.  More than ​350+ delegates attended; 20+ countries were represented; 80+ high level speakers over the 2 day conference; 12 project investment pitches held; 90+ matchmaking meetings took place in Cape Town.

African cities and green-tech start-ups are spearheading the necessary change but require more capital to grow. Therefore, catalyzing investments across local and international stakeholders is key to fast track the development of projects and infrastructure to enable Africa’s green economy transition. This new era presents a massive opportunity for projects to scale up, facilitating green industrialization in African emerging economies. The impact of green economic growth in Africa will have a significant impact on the environment and sustainability development. The Summit will convene the global investor community, project owners and business executives focused on green transport, renewable energy and clean technologies, together with African governments, cities, and policy-makers. The 2023 AGES successfully lead a fruitful and productive program for an inclusive green economy and a sustainable future.

The Africa’s green economy summit is a good platform to bring private and public around the table to speak the same language, but also share best practices to reduce the learning curve. The private sector will have to play a critical role as it is estimated that 75% of the financial resources need to implement NDCs, $2.8 trillion from 2020-2030, will come from the private sector. So, the 2023 AGES will be where GGGI can share the best success stories of how private and public sectors can work together to support the Green Growth transition’’  said Dr Malle Fofana

Watch the interview here with ESI AFRICA and GGGI Africa Director Dr Malle Fofana at the Summit. Africa’s Green Economy Summit successfully featured three days of keynote addresses, a plenary session, green project pitches, solution-driven roundtables, closed-door conversations, matchmaking, networking and off-site experiences across Cape Town. During the Summit Dr Mallé Fofana, Head and Africa Regional Director, Global Green Growth Institute (GGGI), Côte d’Ivoire joined the panel discussing “ACCELERATING GREEN INVESTMENT IN AFRICA: Creating a pathway for increased flows of green investment capital to the continent.” Furthermore he was a panelist on the session discussing the growth of ESG investing. GGGI Rwanda Senior Green Growth Office, Michelle De Freese also moderated the session on “MOBILITY FOR SOCIAL INCLUSION & ECONOMIC OPPORTUNITY: Transforming urban mobility: Ground-breaking projects that are leading the charge.”

GGGI is an intergovernmental organization that supports member countries to make the necessary changes to the policy and regulatory environment to enable green economic growth. GGGI is committed to supporting decisive climate action to achieve NetZero 2050 goals. GGGI has supported the launch of the Net Zero Blue Skies Campaign to increase awareness and support for achieving carbon neutrality goals. GGGI supports the application of new technologies and innovations in order to mobilize green finance in 45 member countries worldwide including 10 countries in Africa.

“Since 2018, GGGI has been supporting the Government of Rwanda in achieving ambitious targets to transition to e-mobility across all vehicle types. This has included developing pre-feasibility studies to support the deployment of electric public transport as well as assessments of the charging infrastructure needed for fleet electrification. The AGES is a timely event that participants will be able to use to promote new projects, identify new investors, and facilitate green economic growth on the continent.” Michelle DeFreese, GGGI Rwanda Senior Green Growth Officer.

Africa’s Green Economy Summit connects global capital and green economy projects across the continent and is an official event of E-FEST Cape Town. Download the Post Summit Report here