During the African Development Bank (AfDB) Group’s 2023 Annual Meetings in Sharm El Sheikh, Egypt, the Africa Investment Forum presented four noteworthy renewable energy and sustainability projects with a combined value of nearly $1.5 billion. These projects were sourced from the Africa Investment Forum’s pipeline and aim to address the urgent need for climate action in Africa, which is considered the world’s most vulnerable region to climate change. Chinelo Anohu, the Senior Director of the Africa Investment Forum, highlighted the importance of the platform in convening and showcasing investment opportunities on the continent. Representatives from the Africa Investment Forum founding partners, such as the African Development Bank, Africa Finance Corporation, Africa50, and others, also attended the event. The Africa Investment Forum’s pipeline currently consists of 90 deals valued at $62.9 billion in either the capital raise phase or the bankability phase.

Source: The North Africa Journal May 25, 2023 20:27 UTC