At COP28, Kenya’s President Ruto convenes African leaders to launch Green Industrialization Initiative

At COP28, Kenya’s President Ruto convenes African leaders to launch Green Industrialization Initiative

The Initiative builds upon the success of the UAE's existing USD 4.5 billion Africa Green Investment Initiative, which aim to finance 15 GW of renewable energy capacity in Africa by the end of the decade and unlock catalytic investments in Africa’s green industrialization. The COP28 Presidency also showcased the first successful projects under the UAE-led initiative, noting it has already allocated nearly USD 2.6 billion for power projects across 8 countries that will add approximately 1.8 GW of clean capacity to the African grid. Dubai, United Arab Emirates – December 2nd, 2023: William Ruto, President of Kenya, and the UAE have joined to convene African Heads of State and other prominent personalities in a landmark event at COP28 to accelerate Africa’s Green Industrialization. The launch event was attended by the Heads of State for Angola, Burundi, Djibouti, Ghana, Cote d’Ivoire, Mauritania, Nigeria, Senegal and Zambia; COP28 President Dr Sultan Al Jaber; Dr. Mahmoud Mohieldin, the UN Climate Change High Level Champion for Egypt; Principals from leading green developers as well as industry, multilateral development banks, and key institutions from across the UAE and Africa. Kenya’s Africa Green Industrialization Initiative aims to accelerate and scale green industries and businesses across Africa,