AfDB to participate in Climate Action Africa Forum summit in Lagos

African Development Bank AfDB) is joining the 2024 Climate Action Africa Forum (CAAF24) Deal Room from the summit to brainstorm on Africa development policies.

Angela Nwanodu, media officer of Climate Action Africa Forum (CAAF24) Deal Room, who disclosed this in a statement in Awka, on Saturday, said the all-important summit is scheduled for 19 -20 June 2024 at the Landmark Event Centre, Lagos, Nigeria.

According to her, the Nigeria Sovereign Investment Authority, The Catalyst Fund and the Africa Enterprise Challenge Fund are also supporters.

The CAAF24 Deal Room is an innovative platform connecting high-impact climate innovators in Africa with potential investors committed to accelerating sustainable solutions. Eligible climate-tech businesses focused on emission reduction, energy, agriculture, transportation, circular economy, and building and construction can apply.

“The Bank’s participation reflects its commitment to boosting investments in Africa’s green economy by galvanizing a community of innovators, entrepreneurs, and investors to create applicable solutions to mitigate the challenges of climate change on the African continent.

“Through the CAAF24 Deal Room, and with the African Development Bank’s presence, we aim to bridge the critical gap between promising climate ventures and the essential resources they need to thrive,” says Grace Oluchi Mbah, Executive Director of Climate Action Africa.

“By facilitating connections between passionate entrepreneurs and dedicated investors, including the strategic involvement of the Bank, we can collectively unlock the immense potential of climate solutions in Africa.

The CAAF24 Deal Room will conclude with a post-event accelerator in partnership with the Silicon Valley-based Founder Institute and IDEA Africa. This initiative is designed to further accelerate and enhance support for promising climate tech startups and founders participating in the Deal Room.

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