African Financiers Pledge Over $100 Billion for Green Growth, Aiming to Build a Sustainable Trade Hub
ADDIS ABABA, ETHIOPIA – September 9, 2025 – In a landmark move to accelerate sustainable development, a powerful coalition of African financial institutions has announced a commitment to mobilize over $100 billion for green growth initiatives across the continent.
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The announcement, made on Monday at the Africa Climate Summit in Addis Ababa, represents a bold and coordinated strategy to unlock Africa’s vast renewable energy potential, drive green industrialization, and reposition the continent as a leader in the global climate economy.
The financial powerhouses leading the charge include the African Development Bank (AfDB), the African Export-Import Bank (Afreximbank), and Ecobank Transnational Inc.
A Coordinated Push for a Green Revolution
According to a Bloomberg report, the financiers have committed to a unified strategy that involves scaling up sustainable finance, harmonizing regulatory frameworks, and leveraging pooled technical expertise.
The measures are “designed to accelerate renewable-powered industries, expand regional value chains, and establish Africa as a global hub for sustainable trade,” the institutions said in a joint statement.
This commitment is a game-changer for a continent that holds an estimated 60% of the world’s solar potential but currently attracts less than 3% of global energy investments. The new funding aims to correct this imbalance by channeling significant capital into Africa’s untapped wind, hydro, and geothermal resources.
Unlocking Nigeria’s Green Potential: What the $100bn Pledge Means
For Nigeria, this massive financial pledge presents a golden opportunity to accelerate its own green ambitions and diversify its economy away from fossil fuel dependence. The funding can be instrumental in several key areas:
Energy Diversification: Supporting the development of large-scale solar farms and decentralized mini-grids to expand electricity access to rural and underserved communities, a core goal of the government.
Clean Transportation: Providing investment for clean transport initiatives, including the expansion of Compressed Natural Gas (CNG) infrastructure and the development of the Electric Vehicle (EV) market.
Green Industrialization: Strengthening green manufacturing and local value chains, particularly in the high-value sectors of battery mineral processing and the assembly of renewable energy technologies.
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Climate-Resilient Agriculture: Channelling funds into sustainable agriculture projects to boost food security, reduce emissions, and help Nigerian farmers adapt to the impacts of climate change.
This continental initiative aligns perfectly with Nigeria’s existing green growth framework and recent policy actions, positioning the country to be a prime beneficiary of the new funding.
The pledge directly supports Nigeria’s Energy Transition Plan (ETP), an ambitious roadmap that targets net-zero emissions by 2060 while ensuring universal energy access for its citizens.
Furthermore, the Nigerian government has already demonstrated its commitment to sustainable finance. In June, it launched the N50 billion Series 3 Sovereign Green Bond to fund environmentally friendly projects. Earlier in January, President Bola Ahmed Tinubu, speaking at the Abu Dhabi Sustainability Week, made a strong appeal to global investors to partner with Nigeria in funding its green energy and sustainable development agenda.
This new $100 billion commitment from African-led institutions provides the financial muscle to turn these national ambitions into a tangible reality, heralding a new era of sustainable growth for Nigeria and the continent.
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