African Development Bank (AfDB), Nigeria Sovereign Investment Authority (NSIA), The Catalyst Fund and Africa Enterprise Challenge Fund (AECF) are among the funding investors that will participate in the Deal Room of Climate Action Africa Forum 2024 (CAAF24) coming on June 19th in Lagos.
Their significant participation has the potential for substantial investment opportunities in Climate Change and facilitate financing for solutions geared towards contributing to the growth and sustainability of Africa’s green economy.
The event is being organized by IDEA Africa in partnership with Climate Action Africa and Silicon-Valley based Founder Institute in line with its commitment to fostering African climate tech entrepreneurship and advancing innovation across the African continent.
The Deal Room will also serve as the centerpiece of CAAF24, providing a premier platform for African climate tech startups to engage with investors and stakeholders alike. With IDEA Africa’s distinguished expertise, this initiative seeks to catalyze groundbreaking investments in climate solutions, positioning Africa as a leader in sustainable innovation.
Speaking on the strategic significance of the Deal Room, the Director of the Founder Institute, Andrew Crawford said the Founder Institute is proud to support this innovative platform that brings together the brightest minds and the most passionate investors in the climate tech space.
He noted that the goal is to catalyze impactful investments that can propel these startups to global success.
According to Mr Crawford, IDEA Africa’s unparalleled influence in driving entrepreneurial excellence makes them an invaluable partner in this endeavor to cultivate a vibrant ecosystem that empowers African startups to address pressing climate challenges.
Also speaking, the Executive Director of IDEA Africa, Ifeyinwa Eze emphasized the transformative potential of the Deal Room, stating, “This platform offers a gateway for African entrepreneurs to showcase their innovations to a curated audience of investors who are eager to support and scale sustainable innovations”.
On her part, the Executive Director of Climate Action Africa, Grace Oluchi expressed optimism that the event would provide invaluable opportunities, stressing, “The Deal Room at CAAF24 is more than just a meeting place—it’s a launching pad for the next generation of climate solutions. Climate Action Africa in partnership with IDEA Africa is excited to facilitate these critical connections that can lead to significant environmental and economic impacts across Africa”.
It could be recalled that Climate Action Africa is a leading organization dedicated to driving climate action and sustainability across the African continent. Through strategic partnerships and innovative initiatives, Climate Action Africa empowers communities, businesses, and governments to address climate challenges and build a resilient future.####
