Afreximbank, International Finance Corporation (IFC), and White & Case Partner to Co-host Africa Energy Transition Seminar in Cairo, Egypt

Afreximbank, International Finance Corporation (IFC), and White & Case Partner to Co-host Africa Energy Transition Seminar in Cairo, Egypt

As Africa continues to position itself to reap the full benefits of the drive for energy transition, the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), IFC, and the legal firm White&Case partnered to host a one-day seminar to discuss “Energy Transition and Infrastructure in Africa”. The seminar attracted about 150 participants drawn from key financial institutions, project sponsors and developers, and consultancy firms across Africa. Afreximbank has been at the forefront in positioning Africa to navigate a just energy transition path which allows the continent to be committed to defining its optimal energy mix, balancing renewables, transition, and fossil fuels, in order to meet its energy demands sustainably. Delivering the keynote address, Mr. Haytham ElMaayergi, Executive Vice President, Global Trade Bank, Afreximbank, commented: “Africa has a unique advantage of being able to learn from the past and pursue a sustainable form of growth right from the start. The just energy transition presents a unique opportunity for the continent to leapfrog over outdated technologies and practices, build a resilient infrastructure and adopt innovative solutions that are conducive to its economic development while also mitigating climate change”. “Africa is undergoing a significant shift towards building a green economy fuelled by