Cape Town, South Africa, 22 May 2024
Cape Town, 22 May 2024 – The Minerals Africa Development Institution (MADI) proudly announces its participation in the global launch of the “Africa Green Business & Financing Flagship Report” held at Enlit Africa on May 22, 2024. This significant event, co-hosted by the United Nations Development Programme (UNDP) and Africa’s Green Economy Summit, marks a pivotal step in promoting sustainable and impactful change through green business and finance across the African continent.
Representing MADI at this key event was its esteemed Executive Director, Dr. Frank Dixon Mugyenyi, whose presence underscored MADI’s commitment to advancing green economy initiatives and fostering private sector engagement in sustainable development.
The Flagship Report, a core component of the UNDP Africa Green Business and Financing Initiative (AGBFI), provides a comprehensive overview of the current state of green business and financing in Africa. It highlights innovative activities, projects, and private companies that are driving growth in strategic ‘green’ sectors critical to the continent’s future, including renewable energy, water and related infrastructure, agriculture and food production, nature-based solutions, eco-tourism, and next-generation technologies.
Key objectives of the Flagship Report include:
- Knowledge Provision: Offering detailed insights into green business and financing across Africa.
- Inspiring Action: Stimulating on-the-ground actions that promote meaningful and sustainable change.
- Showcasing Innovation: Highlighting success stories and case studies of private companies leading in green innovation and growth.
Dr. Mugyenyi participated actively in discussions and networked with key stakeholders, reinforcing MADI’s strategic vision of sustainable development and collaboration. The event not only provided a platform for knowledge sharing but also created opportunities for partnerships that can transform the green economy landscape in Africa.
The Enlit Africa event, held from May 21st to 23rd, 2024, at the Cape Town Convention Centre (CTICC) 1, brought together the complete value chain across the power, energy, and water sectors. The comprehensive program, dynamic exhibition floor, and engaging networking events facilitated valuable conversations and opportunities that are poised to shape the future of Africa’s green economy.
Dr. Mugyenyi highlighted the importance of such initiatives and events, stating, “The launch of the Africa Green Business & Financing Flagship Report is a monumental step towards recognizing and supporting the private sector’s role in fostering sustainable development in Africa. It aligns with MADI’s mission to drive forward-thinking and impactful initiatives that benefit the continent’s mineral and green economies.”
