The Green Climate Fund (GCF), invested over $7.5 billion in Africa, helping unlock $25 billion in climate finance over the past decade.
At the Africa Forward Summit, France and Kenya, the co-hosts, committed to help the continent realise a resilient and prosperous future, create stronger partnerships, coordinate financing, and investment models that drive value creation within the continent.
The Summit was held at the Kenyatta International Convention Centre, in Nairobi, this week.
Mafalda Duarte, GCF’s Executive Director, spoke about unique capacity to work with the widest breadth of partners to strengthen national institutions and deliver climate finance at scale through country-driven and regional platforms.
Duarte was addressing the Summit’s plenary session on ‘an international financial architecture in support of Africa’s development.”
William Ruto, the President of Kenya, and co-host of the Summit, said “we call on African governments, investors and financiers to join forces in advancing the green industrialisation and energy transition agenda in our continent. Governments must remove the bottlenecks on the way to green industrialisation by providing efficient permits, and enabling predictable policy and a conducive environment for investment.”
Emmanuel Macron, President of France, co-chaired the Green Industrialisation and Energy Transition Session.
Picture: Supplied