Africa Network
Our goals
The Network will take a systematic approach to undertaking the analysis, financial institution engagement and policymaker engagement needed to mobilize capital for Africa, with three overarching objectives:
- Building momentum on green and transition finance, and showcasing African-led climate action.
- Supporting African financial institutions to ensure they have the tools and guidance to take advantage of the move towards net zero finance and economies.
- Unlocking investment into African countries’ just transition and green growth.
Africa regional specific press
About
Climate change poses both a significant challenge and a growth and sustainable development opportunity for African countries. Despite its vast potential, a large part of the African continent has been left out of the energy transition to date, with just 2% of global investments in renewable energy in the last two decades made in Africa, and significant regional disparities.
To support climate finance in Africa, GFANZ announced the formation of its Africa Network and the creation of an Advisory Board to bolster transition finance opportunities on the continent in September 2022 at the International Cooperation Forum held in Cairo, Egypt, with the first Advisory Board meeting held at COP27 in Sharm El-Sheikh.The Africa Network aims to unlock investment and support engagement with African financial institutions to ensure GFANZ work on net zero is inclusive and applicable to all.
Regional Advisory Board
To amplify the Network’s reach and provide strategic steer, the Africa Network Advisory Board is formed with leading representatives from climate and finance across the continent, from private, public and civil society sectors, including:
Regional Network Support
The Network is supported by global and regional partners including the UN Environment Programme. In the future, GFANZ and the Africa Network plan to develop country chapters with offices across the continent to support local engagement and implementation.