The African Investment Forum Market Days commenced on the 4th of December and has been a success. It comes after the UN Climate Change Summit, COP29 Azerbaijan, allowing stakeholders to market Africa’s green energy and investment potential.
AIF2024 allows stakeholders like AFDB to strategize based on the COP29 Baku Summit. This is considering the failed Finance COP talks, resulting in a climate funding gap. Moreover, this is highlighted in AIF’s primary goals: Advance high-impact projects to bankability, Raise capital, and Accelerate the closure of deals.
Green energy investment is amongst the top AIF topics, with AFDB and other organizers like DBSA Bank pushing for Innovative Funding Structures for Africa’s Energy Transition. The AIF Morocco event reviews projects offering dev impact + prospect for risk-adjusted returns via integrated finance capital systems.
Related deals have been signed, with Africa50 signing a landmark partnership with the International Solar Alliance to manage the US$200 million Africa Solar Facility. The partnership aims to unlock and attract investments in distributed renewable energy (DRE) projects across the continent.
Africa is also getting a chance to showcase its additional mineral resources. This includes Graphite, which Subsidiaries of Korean companies are looking to explore in countries like Tanzania.
This is according to Kyeong (Catherine) Kim, Director of Corporate Relations, @SACCIza in Korea, who states that the Korean foundation will set up the required facilities through JVs to commence the mining process.
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