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Kenya hosts Cina-Africa summit to enhance green investment

The 2023 China-Africa Sustainable Investment Summit began in Nairobi, the Kenyan capital, Thursday, with delegates renewing the call for enhanced collaboration aimed at securing a just and green transition. Co-hosted by the international conservation lobby, World Wildlife Fund (WWF), the Alliance of Chinese Business in Africa for Social Responsibilities (ACBASR) and the Financial Center for South-South Cooperation, the summit was attended by senior policymakers, diplomats, investors and green entrepreneurs. During the day-long summit, representatives of green startups from the Democratic Republic of the Congo, Kenya, Zambia, Zimbabwe and Uganda made a pitch with Chinese investors, in the hope of securing business partnerships. 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. While acknowledging that the climate crisis and biodiversity loss were taking a heavier toll on Africa, Lambertini said that capital and green technologies from China can be harnessed to reverse course. “China’s investments in Africa can be a great support to Africa’s holistic green development if led by prioritization of environmental protection and biodiversity conservation,” he said. 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, the regional energy officer at WWF Africa, said that bringing together Chinese investors, African entrepreneurs and green innovators was a milestone in efforts to decarbonize the continent already grappling with climate emergencies. https://www.capitalfm.co.ke/business/2023/11/kenya-hosts-china-africa-investment-summit-amid-call-for-green-transition/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=kenya-hosts-china-africa-investment-summit-amid-call-for-green-transition

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  • walter lungayi

    31 w

    This is a positive step towards promoting sustainable development and addressing environmental challenges in Africa. It is important for countries to work together to find solutions to climate change, and investment in green technologies and renewable energy is a crucial part of this. Hopefully, this summit will lead to concrete actions and partnerships that will benefit both China and Africa in the long run.

    5
    • Grace Njeri

      31 w

      The collaboration is promising.

      1
      • Rukia Ahmed Abdi

        31 w

        The 2023 China-Africa Sustainable Investment Summit in Nairobi marks a significant step towards fostering a just and green transition. Co-hosted by key organizations like the World Wildlife Fund (WWF) and the Alliance of Chinese Business in Africa for Social Responsibilities (ACBASR), the summit brought together policymakers, diplomats, investors, and green entrepreneurs. Green startups from several African nations pitched their ideas to Chinese investors, seeking collaborative business partnerships. The event emphasized the potential for China's investments and green technologies to contribute to Africa's holistic green development. Marco Lambertini, WWF special envoy, highlighted the importance of prioritizing environmental protection and biodiversity conservation in China's investments. Zhang Yijun, minister counselor of the Chinese Embassy in Kenya, affirmed China's commitment to green development in Africa amid growing economic ties. Delegates at the summit underscored the need for intensified cooperation to bolster the green energy transition, focusing on robust financing, skills development, and technology adoption. In the face of Africa's climate emergencies, the gathering represents a crucial milestone in efforts to decarbonize the continent.

        5
        • Rotich Kim

          31 w

          Wonderful step

          11
          • Gorffly mokua

            31 w

            Step at a time💚👏

            2
          • Princess

            31 w

            Such initiatives contribute to sustainable development and foster positive collaborations for a greener future.

            12
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