Institutional investors are participating in a new investment initiative focused on the green infrastructure market in Africa.
The African Green Infrastructure Investment Bank (AGIIB) initiative will seek to raise between $3 billion and $5 billion from African institutional investors and governments and mobilize $20 billion from investment partners.
According to Hubert Danso, chairman of the African Sovereign Wealth and Pension Fund Leader’s Forum, Africa needs $100 billion per year for the next decade to address energy poverty across the continent. The AGIIB initiative will address fragmentation in the African green finance market through the creation of an international pan-African investment platform to mobilize institutional capital.
“We are proud to play our role as the continent’s institutional investment community, to champion and create a specialist green infrastructure investment platform that supports the continent’s green transition, creates j