Remarks by Dr. Akinwumi A. Adesina President, African Development Bank Group Session: Invest in Africa: Green Energy Access, Digital Economy and Infrastructure Finance Gap COP 28, UAE 1 December 2023
ContextRemarks at a COP28 session in Dubai on green energy, digital economy and Africa's infrastructure finance gap; the African Development Bank finances Africa's development and courts investors.
Why it mattersAdesina proposes guarantees at scale to unlock private money for energy and digital networks.
Problems raised
Africa lacks energy access and digital infrastructure.
Infrastructure financing gaps are large.
Private investment is scarce.
Solutions proposed
Use guarantees at scale to de-risk investment.
Leverage private sector financing.
Invest in green energy and digital infrastructure.
