The African Development Bank Group recently participated in the third edition of the Africa’s Green Economy Summit (AGES) in Cape Town, South Africa, from 18 – 21 February, 2025. The summit, hosted by the African Union, focused on Africa’s green transition and the need for increased investment in climate resilience under the theme, “Building a Climate Resilient Africa: Catalysing Investment and Innovation in the Green and Blue Economies”.
Africa is well positioned to lead the way towards sustainable global growth with its renewable energy potential, critical minerals for the energy transition, and commitment to climate-smart solutions. Dr. Anthony Nyong, Director of Climate Change and Green Growth at the African Development Bank, emphasized the importance of adaptation in Africa’s strategies, as global climate finance continues to prioritize mitigation over adaptation efforts.
The Bank, as a platinum sponsor of the summit, showcased its leadership in supporting Africa’s transition to climate resilience and low-carbon development. Harsen Nyambe, Director of Blue Economy and Sustainable Environment at the African Union, highlighted the summit’s role in connecting global capital with sustainable projects in Africa. Barbara Buchner, Global Managing Director of Climate Policy Initiative, stressed the need for increased private sector engagement in climate finance.
Maxwell Gomera, South Africa Resident Representative of the United Nations Development Programme, pointed out the challenges in achieving clean cooking solutions in Africa. Al Hamndou Dorsouma, Manager of Climate and Green Growth at the African Development Bank, highlighted the opportunities for green growth in sectors like renewable energy, critical minerals, agriculture, and infrastructure.
The Bank hosted a Masterclass on Carbon Markets in Africa during the summit, exploring the stability and attractiveness of carbon markets for growth and project development. By leveraging platforms like AGES, Africa can strengthen partnerships, unlock funding, and implement policies for a sustainable and resilient future.
With targeted investments and bold commitments, Africa has the potential to lead the way in shaping a low-carbon, climate-smart economy that benefits both its people and the planet. The Bank’s participation in AGES underscores its commitment to supporting Africa’s green transition and climate resilience efforts.
