Why banks must take lead in financing, driving Africa’s green growth

A view of Tata Chemicals’ green energy plant in Magadi, Kajiado County on June 14, 2025.

Photo credit: Stanley Ngotho | Nation Media Group

This week, African leaders and policy makers have converged in Addis Ababa, Ethiopia for the Africa Climate Summit 2.0. This is a gathering that builds on the 2023 forum held in Kenya where among other things, attendees are taking stock on the progress of the proclamations that emanated from the Nairobi Declaration.

At the centre of these discussions will be how to prop up the role of the African Green Industrialisation Initiative (AGII) and the Accelerated Partnership for Renewables in Africa (APRA) now considered as the accelerators of the continent’s industrial transformation, after their endorsement by the African Union early this year.

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