Unstoppable Africa
The Solution for a Global Future
Powering Progress: A Private Sector Approach To Help Africa Close The Climate Finance Gap
Amid competing priorities and limited funding, official development aid flows to Africa have been relatively flat over the past decades, remaining below its peak in 2006. At the same time foreign direct investment flows to Africa have also not materially increased. Despite the enviable potential of the African continent for a green revolution with abundant wind, sun, water, and critical minerals, Africa is facing a critical climate financing shortfall that is preventing the transition to the sustainable future Africa and the world needs. With Africa getting less than 5% of the world’s global climate financing, now is the time to close that climate finance gap. As we approach COP29 - the so-called “Financing COP” - this session aimed to address the challenges around investments flow to Africa and the potential of Africa driving the green revolution if those shortfalls can be addressed.
Curated by UNGC’s Africa Business Leaders Coalition (ABLC), it explores how, in light of the slow mobilisation of capital and the broken promises, Africa's private and public sectors, along with foreign capital providers, can come together to advance bankable projects and how a favourable policy and enabling environment for funding can be fostered.
Solutions for igniting africa’s digital revolution
African countries are in danger of being left behind as the world races towards a digital future. The pace of development in areas such as AI is breathtaking and much has changed just in the year since Unstoppable Africa last convened. In this scene-setting panel that kicks off our Digital Transformation conversations, an eclectic mix of business leaders, financiers and innovators candidly lay out what it will take for Africa to accelerate its ambitions to realise a healthy digital economy in Africa. From solving the conundrum of financing to crafting the right policies that will foster growth and inclusivity, to how our young people can harness technology to change a world in crisis, this session was a window into Africa’s digital future.