AfDB Annual Meetings 2024

27th - 31th May
Nairobi | Kenya
Venue: KICC

Overview

We are pleased to participate and host a number of high-profile side events during the 59th AfDB Annual Meeting which will take place in Nairobi Kenya from the 27th – 31st May 2024.

Our thematic side events will explore key topics among them Nature and Climate Finance, Mobilising Domestic Capital to Drive Positive Climate Growth, Natural Based Solutions in preservation of Africa’s nature and biodiversity and Local Currency Solutions for MDB Portfolio Risk Transfer.

We will also be making a couple of announcements including launching the Central Bank’s Nature Stress Testing Report, Launch of the Pan African Fund Managers Association (PAFMA) as well as Dissemination of Feasibility Study on Local Currency Solution for MDB Portfolio Risk Transfer. 

More details on our participation below.

Our involvement at the AfDB Meetings

Capital markets

Development of an African Sustainable Finance Taxonomy

Sustainable finance taxonomies have increasingly become important decision-making tools for African investors due to rising calls for investment portfolios to be sustainable and net-zero aligned. They are also a crucial tool for sovereigns and project developers to ensure alignment and clarity on what constitutes green, sustainable, and climate-resilient projects on the continent.

This meeting seeks to provide an update about ongoing work on the development of Green/Climate/Sustainable Finance Taxonomies globally and on the African continent and explore opportunities for mutual learning, coordination, and efficient utilisation of efforts and resources.

Risk and Resilience

African Natural Capital Alliance Annual Summit

Theme: Harnessing Nature for Africa’s Sustainable Transformation: Building Resilience in Africa’s Financial Landscape.

Against the backdrop of the African Development Bank Group’s theme, “Africa’s Transformation, the African Development Bank Group, and the Reform of the Global Financial Architecture,” the ANCA Annual Summit will delve into the intersection between nature-based solutions and the reform of the global financial landscape. With nature increasingly recognized as a fundamental asset for sustainable development, this summit will emphasize the importance of integrating natural capital considerations into financial decision-making processes.

Capital markets & Risk and resilience

Climate and Nature Finance Day

This event by FSD Africa, the African Development Bank (AfDB), Nature Finance, AB & David, New Forests, KPMG, World Resources Institute (WRI) and the Regional Platforms for Climate Projects (RPCP). The event builds on the momentum of the Africa Climate Summit and COP28, bringing together 200+ C-Suite leaders in Africa’s financial sector to discuss ways to translate global climate finance commitments for Africa into concrete action.

Event objectives:

To discuss:

  1. How we can translate global climate finance commitments for Africa into concrete action.
  2. Innovative financing mechanisms that can accelerate the deployment of climate-resilient infrastructure and technologies.
  3. Ways to ensure climate finance reaches the communities most vulnerable to climate change, fulfilling the principles of equity and justice.
Capital markets

Mobilising domestic capital to drive positive climate growth

The event will explore the role of domestic and international stakeholders in supporting the growth of local financial markets and driving climate-positive investment with a strong emphasis on successful examples that can be scaled and replicated.

CAPITAL MARKETS

Putting African Capital to Work: Domestic Institutional Capital for Africa’s Development Agenda​

This event will convene Multilateral Development Banks (MDBs), institutional investors, including pension funds, insurers, sovereign wealth funds and other asset owners, asset managers, regulators, and industry practitioners to discuss opportunities to mobilise domestic institutional capital for Africa’s priorities.

The proposed roundtable will achieve the following key objectives: 

  • Disseminate the findings of a feasibility assessment of a proposed local currency solution for MDB portfolio transfer. The proposed solution enhances the efficiency of MDB capital and deepens domestic capital markets by providing African institutional investors with a new asset class. The discussion is particularly relevant for ongoing MDB capital adequacy reforms.
  • Create awareness of the Pan African Fund Managers’ Association (PAFMA), a membership association that convenes fund managers across Africa on matters of common interest, including investments. 
CAPITAL MARKETS

SME Roundtable

This roundtable is designed to foster interactive participation among stakeholders and will delve into innovative solutions aimed at tackling the financing challenges faced by SMEs in Africa. It will offer insights into the necessity of scaling up innovative solutions to foster financial inclusion and explore the perceived opportunities and risks linked to investing in SMEs. It will explore investors’ pivotal role in propelling sustainable development through SME financing.

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