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Africa Climate Business Forum Kicks off in Nairobi, Kenya

The International Finance Corporation (IFC) Africa and The Central Bank of Kenya (CBK) have kicked off the inaugural Africa Climate Business Forum in Nairobi, Kenya. 

This forum is scheduled to take place on November 1st and 2nd at the Kempinski Hotel. 

The discussions will focus on urgent issues, including Climate Finance, sustainability, Africa’s green transition, among others. 

Over 200 senior executives from prominent private sector firms, government stakeholders, and thought leaders will unite to address these concerns.

The forum will provide practical and creative ideas to get the billions of dollars Africa requires for a fair shift towards an economy that’s both eco-friendly and strong.

While speaking about the event, Mary Porter, the Regional Director of Eastern Africa at IFC stated,

“Africa has the innovation, the expertise, and the resources to become a global green development leader. Now is the time to accelerate our work for a green and inclusive future.” 

Exploring Solutions for Africa’s Green Future

The Forum will include interactive, small group discussions to drive deep engagement across five key themes which are;

  • Building Carbon Markets – Establishing vibrant, transparent and connected carbon markets.
  • Greening Urbanization – Redesigning and financing urban cities for a green and sustainable future.
  • Decarbonizing growth – Transitioning industries to a path of low-carbon and energy efficient growth.
  • Climate smart agriculture – Scaling sustainable agricultural practices through knowledge and financing.
  • Advancing Sustainable Finance Through Regulatory Innovation – Embedding positive climate impact into investments and capital markets.

The overall purpose of the Forum is to:

Facilitate dialogue among private sector, government, and thought leaders on climate finance’s critical economic and business matters.

It will also enable discussion focused on opportunities and solutions for greening private sector businesses and supporting Africa’s green transition.

Facilitate direct business linkages that stimulate investment around Africa’s climate adaptation and green transition across Africa.

Additionally, It will offer a platform for sustainable investment promotion, allowing all participants to contribute to scaling climate finance in Africa.

This Forum results from the Africa Climate Summit, jointly hosted by the Government of Kenya and the African Union Commission in Nairobi from September 4-6. 

It is a crucial step toward holistic stakeholder engagement.

In summary, The Africa Climate Business Forum aims to involve everyone, focus on practical solutions, and promote deals.