Rome, Johannesburg, Nairobi, Lagos, Washington
Africa investor (Ai), a leading international investment group, announced today following the Partnership for Global Infrastructure and Investment (PGI) meeting at the G7 Summit that African Heads of State, governments, investment champions, the private sector, philanthropies, and development finance partners will again be recognized for their NDC investment mobilization initiatives by the 2024 Africa investor (Ai) NDC Investment Awards.
The prestigious Africa investor (Ai) NDC Investment Awards were launched at the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, with the inaugural 2022 Awards presented under Africa’s COP Presidency at COP27 in Sharm El Sheikh. The 2023 Awards were presented at COP28 in Dubai in collaboration with the COP28 UAE Presidency, and the 2024 NDC Awards will be presented in November during COP29 in Baku, Azerbaijan.
Hosted by Africa investor (Ai) and sponsored by the African Green Infrastructure Investment Bank (AfGIIB), these NDC Awards are the only international, pan-African NDC Investment Awards that recognize and reward both public and private sector institutions working to innovate and mobilize private capital at scale for Africa’s bankable NDC investment commitments and projects. Africa needs to mobilize $3 trillion to implement its NDC investment opportunities by 2030, while the whole world only managed to mobilize $2.8 trillion for renewable energy investments over the past 20 years, with Africa receiving only 2% of that global sum.
The NDC Investment Awards are the premier NDC institutional investor-public-private partnerships (IIPPs) platform, designed to inspire greater ambition, accelerate NDC implementation, and showcase investment success stories. This assists in mobilizing private capital at scale to close Africa’s multi-trillion-dollar NDC climate financing and green industrial infrastructure investment gap.
Commenting on the Ai NDC Investment Awards Announcement and Call for Entries, Dr. Hubert Danso, Chairman of Africa investor Group and Chair of the NDC Awards Adjudication panel, said,
“The importance of the Ai Africa NDC Investment Awards cannot be overstated, given that Africa’s $3 trillion NDC investment requirements will need to mobilize and secure unprecedented allocations of private capital at-scale and speed, at a time when global aid and net financial transfers to Africa have fallen to their lowest level since the global financial crisis.”
Dr. Danso went on to highlight that investing at scale in ambitious African NDCs offers governments and investors a unique institutional investor-public partnership platform. This platform harnesses the Nairobi Declaration (Africa’s Green Investment Deal), the African Green Industrialization Initiative (AGII), the African Green Infrastructure Investment Bank (AfGIIB), the African Continental Free Trade Area (AfCFTA), and the G7 Partnership for Global Infrastructure and Investment (PGI), to de-risk and deliver Africa’s just energy transition and align the future of global green industrialization, finance, and long-term private capital for the benefit of investment stakeholders, people, planet, and nature.
The 2024 African NDC Investment Awards will be presented to African Heads of State, Governments, Investors, Development Finance Partners, Companies, and Philanthropies through the following categories:
Presidential Investment Statesman of the Year:
1. Presidential Green Infrastructure NDC Investment Statesman of the Year
2. Presidential Just Transition NDC Investment Statesman of the Year
3. Presidential Carbon Exchange NDC Investment Statesman of the Year
4. Presidential Transport NDC Investment Statesman of the Year
5. Presidential Water NDC Investment Statesman of the Year
6. Presidential Agriculture NDC Investment Statesman of the Year
7. Presidential Energy NDC Investment Statesman of the Year
8. Presidential Green Industrialisation NDC Investment Statesman of the Year
Best NDC Sector Investment Initiatives of the Year:
1. Best Waste NDC Investment Initiative of the Year
2. Best Energy NDC Investment of the Year
3. Best Transport NDC Investment Initiative of the Year
4. Best Urban Development NDC Investment Initiative of the Year
5. Best Forestry NDC Investment Initiative of the Year
6. Best Agriculture NDC Investment Initiative of the Year
7. Best Health NDC Investment Initiative of the Year
8. Best Water NDC Investment Initiative of the Year
Private Capital Mobilization Initiatives of the Year:
1. Best Natural Capital NDC Investment Initiative of the Year
2. Best Green Industrialization NDC Investment Initiative of the Year
3. Best Bankable Donor NDC Investment Initiative of the Year
4. Best Blended Investment NDC Investment Initiative of the Year
5. Best Investable NDC Adaptation Investment Initiative of the Year
6. Best Financeable NDC City Investment Initiative of the Year
7. Best GreenTech NDC Investment Initiative of the Year
8. Best Youth NDC Investment Initiative of the Year
The deadline for Award entry submissions is August 30, 2024. The shortlist will be announced on September 24, 2024, during UN Climate Week at the Africa investor (Ai) Summit in New York. The 2024 NDC Investment Award winners will be announced in November during COP29.
Entry is a simple 500-word nomination outlining how your organization meets the awards criteria. Entries from any public or private sector institution, whether African or international, are welcome provided they meet the category entry criteria.
DOWNLOAD NDC INVESTMENT AWARDS ENTRY PACK HERE
To submit your entry, please click here.
ENDS
Note to Editors For more information on the Ai African NDC Investment Awards, visit: www.ndcinvestmentawards.com, or email: tmutasa@africainvestor.com
About The NDC Investment Awards Headline Sponsor:
The African Green Infrastructure Investment Bank (AfGIIB)
The African Green Infrastructure Investment Bank (AfGIIB) is an African Union-convened and supported African institutional investor-led global climate investment platform to catalyze institutional private capital at scale for African green industrial infrastructure investment opportunities. Visit www.afgiib.com
About The NDC Investment Awards Host:
The Africa investor (Ai) Group
Africa investor (Ai) Group is an institutional investment holding platform that aligns its pools of capital from sovereign wealth funds, pension funds, family offices, and long-term investors with vetted infrastructure, private equity, and technology investment opportunities in Africa. Visit www.africainvestor.com
