Moderator:
- Eden HARRIS – Special Correspondent for Connecting Africa, Financial Times
Speakers:
- Souad EL OUAZZANI – Partner, Forvis Mazars
- Dr. George Agyekum DONKOR – President and Chairman of the Board of Directors, ECOWAS Bank for Investment and Development (EBID)
- Djalal KHIMDJEE – Deputy CEO, Proparco
- Mehdi TAZI RIFFI – CEO, Tanger Med
- Laila NORDINE – Global Head, Sustainable Finance, Financial Institutions Group, IFC
- Karim EZZEDDINE – VP, SkyKapital
- Ahmed ABOUBACRINE – Head, Rabat Regional Hub, Islamic Development Bank Group
Africa’s potential in the climate finance space remains largely untapped. Despite key developments such as Morocco’s green bond issuances and Nigeria’s green sukuk, the continent represented less than 1% of the global Green, Social, and Sustainability (GSS) bond market in 2024, with issuances dropping 25% from the previous year. While pioneering initiatives like Seychelles’ blue bond and Gabon’s debt-for-nature swap have demonstrated promise, Africa’s climate finance ecosystem still lacks scale and consistency.
This panel session will explore how Africa can transition from isolated GSS bond deals to a scalable, integrated climate finance ecosystem that aligns with national development strategies. Key discussions will focus on green sukuk, blue bonds, and Islamic finance as mechanisms to mobilize capital for climate-aligned infrastructure projects and to address maritime climate risks, port financing, and climate adaptation.
Key Points:
- Scaling Climate Financing Solutions: How can Africa expand beyond green bonds to finance maritime climate risks, port infrastructure, and social development?
- Islamic Finance & Green Sukuk: What role can green sukuk play in mobilizing regional capital for climate-aligned infrastructure?
- Incentives & De-Risking Tools: What guarantees, tax incentives, and pipeline development strategies are essential to move beyond pilot projects to scalable, sustainable climate finance solutions?