Green start-ups from five African countries – DR Congo, Kenya, Uganda, Zambia and Zimbabwe – this week had the opportunity to pitch renewable energy projects to Chinese investors at the 2023 China-Africa Sustainable Investment Summit held in Nairobi from Wednesday, 8 November - Thursday, 9 November.
The conference sought to not only promote energy transformation but also encourage Chinese businesses to invest in Africa sustainably and push for higher environmental and social performance.
While Day I featured a Renewable Energy Matchmaking Session, welcoming companies and investors interested in participating in the African renewable energy supply chain, Day II was the main event for African governments, Sino-African enterprises, civil society organizations and international organizations to discuss Africa’s green development and energy transformation, and the role of China in the realization of green development.
Organized by WWF Africa Energy Transition Programme and Africa Sustainable Investments and Infrastructure Programme in partnership with the Alliance of Chinese Business in Africa Social Responsibilities (ACBASR) and the Financial Centre for South-South Cooperation, the Summit was attended by over 100 delegates.
Marco Lambertini, WWF special envoy, said the summit provided a platform for Africa and China to share knowledge and best practices required to promote ecological stewardship and green growth.
Zhang Yijun, Minister Counselor of the Chinese Embassy in Kenya, said that China is committed to green development in Africa amid blossoming trade and economic ties between the two sides.
Delegates attending the summit called for enhanced cooperation to boost the green energy transition through robust financing, skills development and technology adoption.
James Kakeeto, Regional Energy Officer at WWF Africa, said that bringing together Chinese investors, African entrepreneurs and green innovators was a key milestone in efforts to push for sustainable infrastructure and renewable investments in the continent.
Wilfred Kenga Baya – Assistant Director of Energy, Kilifi County said China has emerged as Africa's dependable ally in the fight to halt the negative impacts of climate change.
During the summit, ACBASR launched the 2023 Corporate Social Responsibility Report of Chinese Business in Africa.
ACBASAR was founded following the 2018 Forum on China-Africa Cooperation by President of the People's Republic of China Xi Jinping with a responsibility to build a platform for Chinese business to fulfil their responsibilities in Africa, such as communication and exchange, action promotion, capacity improvement and dissemination and promotion.