About the African Green Infrastructure Investment Bank (AfGIIB)
The African Green Infrastructure Investment Bank (AfGIIB) initiative, is an African Union convened, African institutional Investor led global investment initiative, to catalyze private capital for Africa’s green transition, during Africa’s COP 27 Presidency and beyond. The AfGIIB, was announced, during the 2021 Conference of African Ministers of Finance, Planning and Economic Development, hosted by the United Nations United Nations Economic Commission for Africa.
The AfGIIB initiative recognises that the African green finance market, is highly fragmented representing a need to create a world class international pan African investment platform to mobilise this financing market and institutional capital at scale.
The AfGIIB’s mission, is to create a specialist, independent, catalytic and commercially run, pan African Green infrastructure Investment Bank, to catalyze private capital to accelerate Africa’s green transition. The AfGIIB’s model, is based on the successful UK Green investment Bank (UKGIB), model, which was seeded with £3.8bn of UK government capital, that has been admired and emulated around the world.
The AfGIIB has established a high-level Advisory Board of African and international institutional investment leaders, governments and technical advisors, to structure the platform, oversee the process.
The AfGIIB initiative also offers technical assistance opportunities for development partners and foundations, to participate in the set-up funding arrangements, where their mandates support catalyzing long-term domestic and international institutional capital for African green infrastructure, to assist the continent deliver its just energy transition, the SDG’s and Agenda 2063.
AfGIIB Mission
The AfGIIB’s mission, is to create a specialist, independent, catalytic and commercially run, pan African Green infrastructure Investment Bank, to catalyze private capital to accelerate Africa’s green transition.
AfGIIB Advisory Board
AfGIIB has established a high-level working group of African and international institutional investment leaders, governments and technical advisors, to structure the platform.