Africa and Europe have a new high-level platform initiative, bringing together key players in the sustainable sector from the public and private sectors, which is meant to bring sustainable investments in Africa. The platform – ‘Africa–Europe Alliance for Sustainable Investment and Jobs’ – seeks to boost trade, job creation, and investment in education and skills. The initiative brings together public, private, and financial operators as well as academia from both continents who will assess challenges and strategic interests that could accelerate impact especially on growth and jobs.
The ultimate goal is to foster the partnership between European and African businesses and make the most out of opportunities around sustainable energy investments in Africa as well as address key barriers that stand in the way of growth. The new platform was launched during the Africa Investment Forum in Johannesburg that takes place from 7-9 November 2018 and is organized by the African Development Bank. The forum is the place where project borrowers, public and private sector players and lenders come together to accelerate Africa’s development and growth.
Access to sustainable energy is key to development. The objective is to give universal access to affordable, reliable, state-of-the-art energy services. The EU is determined to help partner countries to boost renewable energy generation and diversify their energy resources to ensure a smooth transition. Private sector is crucial to driving this endeavour. The African Investment Forum and the African Development Bank will accelerate private sector investments in Africa through pooling the collective efforts to augment project pipelines, visibility and scaling up technical assistance through harmonization and funding for grants.