Innovating Finance for Local weather Change as Policymakers Collect for the U.S.-Africa Leaders Summit


Sponsored by Financial institution of America and Africa Finance Company in collaboration with Africa.com

Africa.com, Financial institution of America and Africa Finance Company (AFC) are convening a high-level curated occasion to debate innovating finance for local weather change in Washington D.C. on December 15, in the course of the U.S.- Africa Leaders Summit. 

The occasion will convey collectively a spotlight group of senior leaders to contribute to framing monetary improvements which are wanted to advance the partnership between the US and Africa on tackling international local weather change. 

“As one of many largest buyers in renewable vitality on the continent,  AFC is leveraging the US-Africa Leaders Summit to name upon U.S. affect buyers, philanthropists, fund managers, and analysis and expertise establishments to hitch us in creating international requirements for carbon buying and selling, offering safer and fewer polluting vitality options for the hundreds of thousands of Africans that cook dinner with firewood, and overcoming the problem of vitality poverty in Africa at this time,” mentioned Samaila Zubairu, President & CEO of Africa Finance Company. “We’ve  doubled down on AFC’s dedication to scrub expertise, concentrating on progress in our Renewable Vitality Platform from 1.4GW to 5GW by 2025, and welcome significant dialogue on discovering methods to crowd in additional stakeholders.”

Yvonne Ike, Bank of America

“We want robust companions to work with in resolving a few of this century’s accelerating challenges for Africa: local weather change, vitality and expertise. Figuring out establishments with the power to develop, ship and scale options is essential to addressing financing gaps and accessing alternatives to mobilize capital extra successfully in Africa,” mentioned Yvonne Ike, head of sub-Saharan Africa (ex-RSA), Financial institution of America.

The USA lately issued a brand new coverage in direction of Africa that seeks partnership with African establishments to handle key international challenges, notably in relation to vitality, international local weather change and expertise. There isn’t any higher time than now for Africa to play a central position, working with the US and different developed economies, in fixing these international challenges.

Main the dialog are Samaila Zubairu, President & CEO, Africa Finance Company, and Yvonne Ike, Managing Director, sub-Saharan Africa (ex-RSA), Financial institution of America. The occasion is exclusive in that includes an interactive dialog amongst specialists moderated by Teresa Clarke, Chair of Africa.com. “The aim of the night is to finish with new concepts, new and stronger relationships, and particular motion objects that can result in artistic financing options as Africa strikes ahead in addressing international local weather change,” mentioned Clarke.

Launched in 2010, Africa.com is a women-led digital media firm with an intensive array of platforms that attain a worldwide viewers inquisitive about African content material and group. Africa.com webinars, summits, and coaching workshops present free entry to world-class professors, facilitators, audio system, and enterprise leaders from throughout the continent and the world. Africa.com is dedicated to altering the worldwide narrative of Africa by means of the facility of unparalleled storytelling. Showcasing Africa in help of a extra equitable, inclusive, and sustainable future. 

Africa Finance Corporation

AFC was established in 2007 to be the catalyst for personal sector-led infrastructure funding throughout Africa. AFC’s strategy combines specialist {industry} experience with a deal with monetary and technical advisory, undertaking structuring, undertaking growth and danger capital to handle Africa’s infrastructure growth wants and drive sustainable financial progress. Fifteen years on, AFC has developed a observe document because the associate of selection in Africa for investing and delivering on instrumental, high-quality infrastructure belongings that present important providers within the core infrastructure sectors of energy, pure sources, heavy {industry}, transport, and telecommunications. AFC has invested over US$10 billion in 36 international locations throughout Africa since inception.

Financial institution of America is without doubt one of the world’s main monetary establishments, serving particular person customers, small and middle-market companies and enormous firms with a full vary of banking, investing, asset administration and different monetary and danger administration services. The corporate supplies unmatched comfort in the US, serving roughly 68 million client and small enterprise purchasers with roughly 3,900 retail monetary facilities, roughly 16,000 ATMs and award-winning digital banking with roughly 56 million verified digital customers. Financial institution of America is a worldwide chief in wealth administration, company and funding banking and buying and selling throughout a broad vary of asset courses, serving firms, governments, establishments and people world wide. Financial institution of America provides industry-leading help to roughly Three million small enterprise households by means of a collection of modern, easy-to-use on-line services. The corporate serves purchasers by means of operations throughout the US, its territories and roughly 35 international locations. Financial institution of America Company inventory (NYSE: BAC) is listed on the New York Inventory Change.

Media Inquiries: Contact Susan Gitau susan.gitau@alvinsillitoe



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