Africa's Green Economy Summit shows commitment to investment-ready green infrastructure

CAPE TOWN, South Africa - Dec. 15, 2022 - PRLog -- "Africa is full of potential infrastructure project opportunities in the pipeline. There is a great need and availability of funding to be spent on the continent. We just need to fix that missing link and carry through projects to a financial close to finally close the infrastructure gap." This is according to Hendrik Malan, CEO and partner at Frost & Sullivan and one of many expert speakers who will address the upcoming Africa's Green Economy Summit taking place from 22–24 February 2023.

The programme of this investment gathering was announced this week. Africa's Green Economy Summit is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on 25 February 2023.

As a platform, Africa's Green Economy Summit will bring together investors, developers and governments, highlighting investment prospects that exist in the fields of green hydrogen, EVs and hybrid vehicles, energy storage, solar, hydro and wind energy, infrastructure development, urban sustainability as well as manufacturing.

Infrastructure investment opportunities
Recently, at COP27 in Egypt, Frost and Sullivan presented a report on "Showcasing AFRICA'S Investable Infrastructure Opportunities". According to the report, African governments' progress has been too slow and inconsistent at regional and at certain industry levels towards achieving the UN's Sustainable Development Goals (SDGs) and the corresponding African Union's Agenda 2063 goals in their national strategies and development plans.

Key challenges identified include i) the absence of long-term master plans, ii) poorly conducted feasibility studies and business plans and iii) delays in obtaining licenses or permits and poor coordination between government agencies.

Getting projects investment-ready
Says Emmanuelle Nicholls, Project Lead of Africa's Green Economy Summit: "Africa's Green Economy Summit will showcase and present African cities, people and projects that are committed to the strategies needed to build a green economy and making projects investment-ready. The industry has responded with excitement to our very practical and pragmatic programme for next year's launch event. The fact that technology and investment pioneers, such as ABB and the AfDB (African Development Bank), have partnered with the entire E-Fest in Cape Town in February next year is a valuable vote of confidence in the future of African infrastructure investment."

The Africa's Green Economy Summit programme's main session themes and highlights include:

• Creating a favourable regulatory economy towards sustainability and equity
• Transforming urban mobility: Ground-breaking projects that are leading the charge
• Increasing clean energy capital flows to African markets
• Green industrialisation
• Building climate resilient cities and sustainable infrastructure systems in Africa
• Blending finance to scale up solutions
• The ESG investment boom

www.greeneconomysummit.com