Browsing: Green investments in Africa

AfDB green shares

AfDB backs “green shares” funding model with $30M AFC equity boost

Investing
  • AfDB’s “green shares” plan is poised to unlock financing for high-impact wind and solar power plants in Djibouti and Egypt and energy storage systems in Cabo Verde.
  • AFC expected to leverage green equity to mobilise debt funding from capital markets for on-lending to sub-projects in economies.
  • Financing is poised to create at least 1,600 full-time work opportunities by 2031.

The AfDB has set aside a $30 million equity investment in Africa Finance Corporation (AFC) aimed at implementing innovative “green shares”, an initiative that is structured to raise more resources for climate action projects in African economies.

According to the Pan-African lender, “green shares” are financial instruments that are expected to unlock critical financing for high-impact projects, including wind and solar power plants in Djibouti and Egypt and energy storage systems in Cabo Verde.

In the financing model, AFC is expected to leverage the green equity and mobilise debt …

Energy, agriculture key focuses during the Africa Investment Forum Market Days 2024

Investing
  • The AfDB and partners in Rabat, Morocco, are organizing the 2024 Africa Investment Forum to catalyze investments in Africa’s agriculture, infrastructure, and renewable energy.
  • The forum is a pivotal platform for advancing Africa’s economic integration, promoting policy innovation, and encouraging private-sector engagement and international collaboration.
  • By aligning with sustainable development, inclusivity, and green finance goals, the Africa Investment Forum aligns with global sustainability goals, positioning Africa in the transition to a green economy and attracting ethical investments.

Set against the vibrant backdrop of Rabat, Morocco, the 2024 Africa Investment Forum Market Days, scheduled for December 4–6, is yet another cornerstone event for continental and global investors seeking growth opportunities in the continent.

The African Development Bank and seven founding partners will back this forum to drive investment-ready deals to fruition, further highlighting its critical role in Africa’s economic landscape.

Africa Investment Forum a catalyst for investment mobilisation

Since its inception …

Debt-for-nature-swaps: a solution for Africa’s debt crisis

Countries

The debt-for-nature swaps concept has emerged as a viable solution to address Africa’s ‘poly-crisis’ marked by debt distress, climate change, and biodiversity loss. In light of this, Gabon recently launched an initiative termed Africa’s first debt-for-nature swap.

The Central African nation intends to buy up at least $450 million of its government debt and convert it into an eco-friendly blue bond. This is with a tender offer for its sovereign dollar-denominated bonds maturing in 2025 and 2031, prompting the Eurobonds to rise as much as 2.2 cents on the dollar.…

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Findev Canada invest $7.5 in African Forestry Fund

Africa

FinDev Canada has announced an investment of USD 7.5 million in the Africa Forestry Fund II (AFF II), a growth equity fund focused on acquiring and developing environmentally-friendly forestry value chain assets across Sub-Saharan Africa.

Africa Forestry Fund aims to build upon the success of the previous AFF I fund and to improve the reinvigoration of Africa’s forestry sector. The fund could create as many as 3500 jobs in local areas, with up to 30% of them being exclusively for women.

The Fund Manager, Criterion Africa Partners (CAP), concentrates on three key areas of the forestry value chain; the acquisition, improvement and rehabilitation of plantations, downstream manufacturing, and biomass energy. They invest in target companies in each of these processes exclusively in Sub-Saharan Africa. All forestry areas are managed to the stringent requirements of the Forest Stewardship Council.

AFF II aims to combat the impending shortage of wood and wood …