Financing a Sustainable Future: Empowering Africa through Climate Finance

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Why Are We Convening

Financing a sustainable future through climate finance is crucial for Africa’s development and resilience against climate change. To close the climate financing gap by 2030,approximately $213.4 billion must be mobilized annually from the private sector, as Africa currently receives only 3% of global climate finance. This shortfall contributes to the $2.8 trillion needed to implement Nationally Determined Contributions (NDCs) by 2030.

Key sectors like energy, agriculture, and urban infrastructure are essential for enhancing climate resilience, yet limited private sector involvement hinders progress. For instance,Morocco's Noor Project, one of the largest solar initiatives globally, has attracted $3 billion in climate financing, significantly reducing carbon emissions. Additionally, Africa adds value to just 14% of its exports compared to 27% for emerging Asian economies, underscoring the need for strategic financing. By effectively harnessing climate finance, Africa could create over 3.3 million direct jobs by 2030, enhance its global competitiveness, and drive sustainable development, positioning itself as a leader in the low-carbon economy transition.

itself as a leader in the low-carbon economy transition.

“Expanding renewable energy in Africa could generate approximately $70 billion in annual investments by 2030,transforming the continent’s energy landscape. With rich solar and wind resources, Africa can develop solar farms, wind parks, and microgrids, creating jobs and enhancing energy security. This investment will reduce reliance on fossil fuels, lower greenhouse gas emissions, and attract international partnerships, driving economic growth and sustainability across the continent.”

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Access to International Climate Funds

Access to international climate funds is a critical driver for Africa’s success in the climate finance space. These funds provide the financial resources necessary for implementing climate resilience and mitigation projects across the continent. However, many African nations struggle to secure these resources due to complex application processes and stringent requirements. This lack of access limits their ability to develop and execute sustainable initiatives effectively.

By enhancing access to international climate finance, African countries can unlock significan investment potential, strengthen public-private partnerships, and bolster local capacity-building efforts, ultimately driving sustainable development and improving resilience toclimate impacts.

The Case for Climate Finance in Africa

Economic Growth and Job Creation

Investing in climate finance can catalyze substantial economic growth and job creation across Africa. The transition to a green economy is projected to create over 3.3 million direct jobs by 2030, primarily in renewable energy sectors like solar and wind. For instance, Morocco's Noor Solar Project has attracted nearly $3 billion in investments, significantly enhancing employment in the renewable energy sector.

Increased Investment Opportunities

Africa currently receives only 3% of global climate finance, highlighting a vast opportunity for growth. Closing the annual financing gap of approximately $213.4 billion by 2030 can unlock substantial returns on investment and reinvestment into local economies. Investments in sustainable infrastructure can also increase economic resilience.

Enhanced Export Competitiveness

Green financing can help African nations develop unique, high-quality products for international markets. For example, Kenya'srenewable energy sector is rapidly expanding, with $70 billion in potential investments by 2030, making it competitive globally.

Strengthening Climate Resilience

Investing in climate finance can significantly bolster Africa's resilience to climate change impacts. The continent is highly vulnerable to climate-related risks, such as droughts, floods, and extreme weather events.

The Private Sector solution
“The private sector is crucial in addressing Africa's climate financing challenges, particularly given the continent's annual gap of about $213.4 billion needed to meet climate goals by 2030. Businesses can leverage innovative financial instruments like green bonds to attract the necessary funds for sustainable projects in energy, agriculture, and urban infrastructure. With the potential to create over 3.3 million direct jobs in the renewable energy sector by 2030, private sector involvement can drive both economic growth and environmental benefits.”
What will you gain?
  • Valuable connections with stakeholders dedicated to financing sustainable projects across Africa.
  • Access to service providers that can support your organization's transition to green initiatives.
  • Insights into effective strategies for implementing impactful climate solutions.
  • Engagement with policymakers and investment promotion agencies committed to fostering a supportive environment for climate financing.
Who will you meet?
  • Private sector leaders focused on sustainable development.
  • Service providers dedicated to facilitating climate finance solutions.
  • Strategists specializing in scaling and growth in the green economy.
  • Policymakers and regulators committed to creating enabling environments for climate initiatives.
What will you experience?

Thought Leadership Plenaries

Engage with world-class experts discussing pressing climate issues and sharing strategies to accelerate sustainable development in Africa.

Green Financing Nexus

A dynamic platform where leading organizations in climate finance share their expertise and provide real-world insights into investment opportunities. Interactive sessions will connect you directly with experts for ongoing discussions during and after the forum.

Innovation Nexus

Explore cutting-edge innovations that can enhance climate resilience across the continent. Participate in interactive sessions that facilitate direct conversations with specialists in the field.

Sustainability Nexus

Thought leaders will clarify the balance between rapid economic growth and sustainable practices in climate finance. These interactive discussions will allow for direct engagement with sustainability champions.

Opportunity Nexus

Discover current opportunities for private sector investment in climate projects. Country-led presentations will showcase promising initiatives, including public-private partnerships and green investment ventures.

Out of the Box Activities

Engage with local projects that exemplify successful climate finance strategies, providing you with tangible insights into effective models for scaling.

Real Talk Podcast

Join facilitated discussions in a dynamic podcast format where attendees can contribute their views on critical climate finance topics impacting Africa.

Empty Chair Panels

Participate actively by sharing your perspectives in open panel discussions, contributing to the dialogue on climate finance.

Program

Day1

Day2

Day3

8am

Partner breakfasts

9.30am - 10:45am

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Opening ceremony

  • Keynote speeches & High-level plenary
  • Location: Conversation Nexus.

11am - 12pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Made in Africa Nexus

20 mins presentations from private sector players ready to trade across borders

  • Location: Nexus Stage 1

Innovation Nexus

Deep dive technologies that are increasing productivity, yields and efficiency in the manufacturing sector.

  • Location: Nexus Stage 2

Sustainability Nexus

20 mins presentations from organizations supporting corporations transition to sustainable business models.

  • Location: Nexus Stage 3

12:15pm - 1pm

Real Talk Podcast: Let’s talk policy

  • Location: Nexus Stage 4

Empty chair panel: Is sustainable manufacturing feasible for Africa?

  • Location:Conversation Nexus

1pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Celebrating Africa

  • Performances, lunch & networking

2pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Opportunity Nexus: Northern Africa I

Quickfire presentations on real world opportunities and solutions for Northern Africa’s produce.

  • Location: Nexus Stage 1

Opportunity Nexus: Eastern Africa I

Quickfire presentations on real world opportunities and solutions for Eastern Africa’s produce.

  • Location: Nexus Stage 2

Opportunity Nexus: Western Africa I

Quickfire presentations on real world opportunities and solutions for Western Africa’s produce.

  • Location: Nexus Stage 3

Opportunity Nexus: Southern Africa I

Quickfire presentations on real world opportunities and solutions for Southern Africa’s produce.

  • Location: Nexus Stage 4

Out of the box: Technology and innovation for Market access & E-commerce

Buses will depart from the main venue at 2:00pm

  • Location: [TBC]

3pm

Ask me anything: Conversation with a trailblazer

The audience runs the show. Submit your questions through the app or on arrival at the venue. The distinguished panelists will answer as many questions as the time allows.

3:30pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Made in Africa Hub

20 mins presentations from private sector players ready to trade across borders

  • Location: Nexus Stage 1

Innovation Nexus

Deep dive technologies that are increasing productivity, yields and efficiency in the manufacturing sector.

  • Location: Nexus Stage 2

Sustainability Nexus

20 mins presentations from organizations supporting corporations transition to sustainable business models.

  • Location: Nexus Stage 4

4:30pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Unconference

Network or refresh in readiness for the evening activities.

6:30pm

Depart for the cocktail venue

7pm – 9pm

Cocktails and dancing

8am

Partner breakfasts

10am

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Plenary: How to finance your growth in the manufacturing sector

  • Keynote speeches & High-level plenary
  • Location: Nexus Stage 1

11am

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Opportunity Nexus: Northern Africa II

Quickfire presentations on real world opportunities and solutions for Northern Africa’s produce.

  • Location: Nexus Stage 2

Opportunity Nexus: Eastern Africa II

Quickfire presentations on real world opportunities and solutions for Eastern Africa’s produce.

  • Location: Nexus Stage 3

Opportunity Nexus: Western Africa II

Quickfire presentations on real world opportunities and solutions for Western Africa’s produce.

  • Location: Nexus Stage 4

Opportunity Nexus: Southern Africa II

Quickfire presentations on real world opportunities and solutions for Southern Africa’s produce.

  • Location: Nexus Stage 5

Private Sector & Ministerial Roundtable

By invitation.

  • 11am – 1pm

12pm

Ask me anything: Conversation with a trailblazer

The audience runs the show. Submit your questions through the app or on arrival at the venue. The distinguished panelists will answer as many questions as the time allows.

12:30pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Celebrating Africa

  • Performances & lunch

2pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Made in Africa Hub

20 mins presentations from private sector players ready to trade across borders

  • Location: Nexus Stage 2

Innovation Nexus

Deep dive technologies that are increasing productivity, yields and efficiency in the manufacturing sector.

  • Location: Nexus Stage 3

Sustainability Nexus

20 mins presentations from organizations supporting corporations transition to sustainable business models.

  • Location: Nexus Stage 4

Out of the box

  • Producer tour

3pm

Real Talk Podcast: Let’s talk financing

  • Location: Nexus Stage 1

Empty chair panel: How do we drive down logistics costs?

  • Location: Nexus Stage 5

4pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Unconference

  • Network or refresh in readiness for the activities

6:00pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Depart for gala dinner & awards show

6:30pm

Gala dinner & awards

8am

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Partner breakfasts

10am

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Real Talk Podcast: Let’s talk Industrialisation policy

  • Location: Nexus 5

Empty chair panel: Is renewable energy a realistic goal for Africa?

  • Location: Nexus Stage 1

11am

Partners without borders

Presentations from our platforms impactful partner organizations championing the acceleration of Africa’s manufacturing & processing capabilities

12pm

Add to calendar 10/12/2024 09:30 AM 10/12/2024 10:30 AM Africa/Kigali Agriculture - Bridging the WASH Access and Financing Gap Nairobi, Kenya

Closing ceremony

12.30pm

Celebrating Africa

  • Performances & lunch

2pm – 5pm

Sightseeing tours & local shopping tours

Register

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