The African Green Infrastructure Investment Bank (AfGIIB) announced its advisory board of African and global institutional investment leaders, representing more than $20 trillion of assets, during the G7-Africa investor Summit, on the sidelines of the G7 Summit in Cornwall, England.
African sovereign wealth and pension funds have been crucial in forming new and innovative multi-stakeholder partnerships that address climate change and the economic recovery from COVID-19, increase investment in African infrastructure, and realize the aspirations of the African Continental Free Trade Area (AfCFTA).
The AfGIIB initiative is an African Union–convened, African institutional-investor-led global finance initiative to catalyze private capital for Africa’s green transition.
The AfGIIB initiative was announced during the March 2021 Conference of African Ministers of Finance, Planning and Economic Development, hosted by the United Nations Economic Commission for Africa.
