𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 𝐏𝐥𝐞𝐝𝐠𝐞 $𝟏𝟎𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐟𝐨𝐫 𝐆𝐫𝐞𝐞𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧

During the Africa Climate Summit 2, African Development Finance Institutions and commercial banks have committed $100 billion to finance Africa's green industrialization.

The partners included the African Export-Import Bank (AfreximBank), Africa50, Stanbic Bank Kenya, Equity Group Holdings, Kenya Commercial Bank Group, and Ecobank Transnational Inc.

The institutions formalized their commitment through a landmark cooperation agreement signed at the summit, marking one of the largest private sector-led climate finance initiatives targeting African industrial transformation.

This historic pledge represents a significant milestone in addressing Africa's estimated annual climate financing gap and positions the continent as a leader in climate-resilient, low-carbon, and nature-positive path of development. The agreement builds on the momentum from the Nairobi Declaration and demonstrates growing confidence in Africa's green economy potential.