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The AGII framework prioritizes mobilizing capital at scale, powering renewable-driven industrial clusters, aligning cross-border policies, and promoting workforce skills for the digital and circular economies.
African heads of state and leading financial institutions have signed a landmark Cooperation Framework to advance the Africa Green Industrialization Initiative (AGII), marking a decisive step toward mobilizing more than USD 100 billion for climate-smart industries. The agreement was formalised during the second Africa Climate Summit in Addis Ababa, Ethiopia.
The framework, first introduced at COP28 and rooted in the Nairobi Declaration of 2023, sets out an actionable plan to accelerate renewable-powered industries, expand regional value chains, and position Africa as a hub for sustainable trade.
Commitments were announced by the African Development Bank (AfDB), Afreximbank, Africa50, Africa Finance Corporation (AFC), KCB Group, Equity Bank, Standard Bank Kenya, Ecobank and the AfCFTA Secretariat. Collectively, they will mobilize sustainable finance, harmonize regulations, and deploy technical expertise to deliver green industries and create millions of jobs.
The AGII framework prioritizes mobilizing capital at scale, powering renewable-driven industrial clusters, aligning cross-border policies, and promoting workforce skills for the digital and circular economies.
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One flagship project was announced by Africa50 and PowerGrid: a US$ 313 million Independent Power Transmission (IPT) project in Kenya, the first of its kind financed under a public-private partnership model in Africa. It includes the construction of a 177 km 400 kV Lessos–Loosuk line and a 64 km 220 kV Kisumu–Kakamega–Musaga line, plus substations. The project will expand renewable
