African Union-convened, African institutional investor-led

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.

AfGIIB Advisory Board Members include:

Dr. Hubert Danso, Chairman, AU Continental Business Network (CBN)/African Sovereign Wealth and Pension Fund Leaders Forum
Dr. Ibrahim Mayaki, Former CEO, African Union Development Agency (AUDA)
Aminu Umar Sadiq, Managing Director and Chief Executive Office, Nigeria Sovereign Investment Authority (NSIA)
Ayman Soliman, CEO, The Egyptian Sovereign Wealth Fund
Solomon Asamoah, CEO, Ghana Infrastructure Investment Fund (GIIF)
Ndabe Mkhize, CIO, Eskom Provident Pension Fund (EPPF)
Sundeep Raichura, Chairman, Kenya Pension Fund Investment Consortium (KEPFIC)
Vera Songwe, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa
Duncan Bonfield, CEO, International Sovereign Wealth Funds (IFSWF)
John Denton, Secretary General, International Chamber of Commerce (ICC), Board member IFM Investors
Amy Hepburn, CEO, Investor Leadership Network (ILN)
Lionel C. Johnson, President, Pacific Pension & Investment Institute (PPI)
Nicholas Firzli, Director-General, World Pensions Council
Peter Damgaard Jensen, Former CEO, PKA
David Nuyoma CEO, GIPF
Regis A.Rugemanshuro , Director General, Rwanda Social Security Board (RSSB)
Carlos Alberto Lopes, Chairman of the Board of Directors, Angola Sovereign Wealth Fund
Akim Daouda, Chief Executive Officer, Gabonese Sovereign Wealth Fund (FGIS)
Papa Demba Diallo Director-General, FONSIS SA (Senegalese Sovereign Wealth Fund)
Eloy Lindeijer, Former Chief Investment Management (PGGM)
Stephanie Pfeifer, Chief Executive, The Institutional Investors Group on Climate Change (IIGCC) IIGCC
Joseph Boateng, Chief Investment Officer, Casey Family Programs