Context
The United Nations Economic Commission for Africa announced “Team-Energy Africa” during the 4th Africa Business Forum in 2021. The private sector, as an engine of growth that drives productivity, innovative financing and inclusivity of participation - which in turn drives inclusive economic growth - is critical for Africa’s transformation. It is even more so if most of the private sector participation in Africa is from Africa’s private sector. Team-Energy Africa aims to serve as a catalyst for transformative private sector investments in clean energy under the ECA’s SDG7 Initiative. Team-Energy Africa aims to bring together Africa’s private sector and investors in clean energy to join forces and work with member States, development partners and international private sector to mobilize the needed finance for clean energy in Africa. Team-Energy Africa is an informal coalition of like-minded investors keen on investing in, and championing, Africa’s energy transformation.
Objective
This side event, by the United Nations Economic Commission for Africa, the African Energy Chamber, and the Secretariat of Sustainable Energy for All, will bring together initial members of Team-Energy Africa for a soft launch of the initiative ahead of the planned high-level launch and championing during the Sustainable Energy for All Global Forum that will hold 17 – 19 May 2022 in Kigali. Rwanda.