East African and international political leaders and financial experts highlight best practices in green investing



East African and international political leaders and financial experts highlight best practices in green investing

Nairobi hosts the EU-Africa Green Talk on the impact of local projects on sustainable development; The dialogue between the European Investment Bank, the Portuguese Embassy in Kenya, the financial community and development actors confirms the importance of green investment.

The Secretary General of the East African Community today joined more than 150 African business leaders, financial experts and diplomats at the EU-Africa Green Conference in Nairobi to share best practices in investment issues and how to mobilize private sector support for sustainable development in Africa.

“Recent innovative investments across East Africa have transformed the access of millions of people to clean water, renewable energy and essential finance for a better and more sustainable future. Today’s Nairobi Green Discussions share innovative solutions and technical best practices with the rest of Africa and the world. The East African Community congratulates the Portuguese Presidency of the European Union and the European Investment Bank for their engagement with East African partners to further strengthen sustainable investments in the years to come up. said Dr Peter Mathuki, new Secretary General of the East African Community.

Participants highlighted how clean energy, sustainable transport and recent and future private sector-led business investments across East Africa can unlock economic opportunities, build resilience to COVID-19, increase protection against climate change and ensure a more sustainable use of resources in the future.

“The partnership between Africa and Europe is essential to increase essential investments to fight climate change and create new opportunities. The Portuguese EU Presidency and the European Investment Bank are delighted to join forces with East Africa’s trade, policy and conservation partners to learn from each other and ensure that lessons learned in Africa of the East can contribute to sustainable development in the world. Impressive examples of successful sustainable investments in this region will be shared with African, European and global green leaders in Lisbon later this month. said HE Luisa Fragoso, Ambassador of Portugal to Kenya.

The hands-on discussions included examples of how investments in conservation were protecting thousands of jobs in rural communities and how technology is improving opportunities for low-income smallholder farmers across Kenya.

“Today’s Nairobi Green Discussions bring together private and public partners from across East Africa. Together, we share a common goal of accelerating and increasing sustainable investments that both open up economic and social opportunities and guarantee a more sustainable future for this planet and its inhabitants. said Catherine Collin, regional representative of the European Investment Bank in East Africa.

“In recent years, floods and drought across East Africa have shown the devastating impact of climate change on livelihoods, businesses and infrastructure. TradeMark East Africa is committed to addressing the increasingly severe impacts of climate change on economic activity and trade. We aim to catalyze green growth, exports and investment through improved trade systems and corridors. However, more trade can mean more emissions, so it is important to invest in reducing the carbon footprint of trade. Private sector capital will have a key role to play in making this a reality. The Nairobi Green Negotiations show how African and international partners are working together to ensure a green transition and a more sustainable future. said Frank Matsaert, CEO of Trade Mark East Africa.

The Virtual Dialogue, hosted by the European Investment Bank and the Embassy of Portugal in Kenya, and moderated by Trade Mark East Africa CEO Frank Matsaert, is one of more than 25 events held across Africa and Europe before the High Level Forum on Green Investment. place in Lisbon on 23rd April.

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