Afreximbank is using its presence at the 2025 United Nations Climate Change Conference (COP30) in Belem, Brazil, to reinforce Africa’s sustainable development and industrialisation agenda. The Bank’s delegation is calling for stronger green energy solutions africa, wider investment in renewable energy africa, and deeper support for afreximbank climate projects that advance climate resilience across the continent. Their engagements are aligned with the AU Agenda 2063 and highlight the role of AfCFTA in building climate-ready African economies.
Championing Africa’s Industrialisation and Clean-Tech Future
During COP30, Afreximbank President Dr. George Elombi emphasized Africa’s potential to lead in clean-tech production and value addition. Instead of exporting raw minerals, Afreximbank is advocating financing that supports full value-chain development. This includes transforming the Democratic Republic of Congo’s lithium into battery production, which strengthens investment in renewable energy africa and creates high-skilled jobs.
Expanding Climate Finance Access for African Countries
A key focus of Afreximbank’s participation is the urgent need to mobilize climate finance for adaptation. The Bank is pushing for the full operationalization of the global Loss and Damage Fund to compensate African countries that suffer disproportionately from climate disasters despite contributing less than 4% of global emissions. Strengthening national systems to access these facilities is central to Afreximbank’s climate agenda and ongoing afreximbank climate projects.
Monetizing Biodiversity for Climate Resilience
Afreximbank is also highlighting Africa’s rich biodiversity, which plays a major role in absorbing harmful emissions. The Bank aims to help countries monetize their biodiversity assets to support environmental protection efforts and fund green energy solutions africa across the region.
Advocating for a Fair and Just Energy Transition
With over 600 million Africans still without electricity, Afreximbank is calling for a just energy transition that respects Africa’s development needs. The Bank supports a balanced strategy—expanding renewable energy while responsibly using transitional fuels like natural gas to power industry. This approach strengthens long-term investment in renewable energy africa that aligns with national development goals.
Strategic Engagements and Showcasing Climate Initiatives
At COP30, Afreximbank is participating in panels, high-level dialogues, and activities at the African Pavilion. A key highlight includes a collaborative session with Liberia focused on establishing a carbon markets authority. The Bank is also presenting its Afreximbank Trade Transformation Fund (ATTF), a major financing tool designed to de-risk and fund green-energy projects, biodiversity efforts, and climate-resilient industrialisation.
“Our mission at COP30 is clear: to ensure that Africa’s voice is not only heard but heeded. We aim to add value to our minerals, power industries sustainably, and use the AfCFTA to build strong, integrated economies. A just energy transition must actively support Africa’s industrial ambitions,” said Dr. George Elombi.
Commenting on Afreximbank’s participation, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank at Afreximbank, reaffirmed the institution’s commitment to strengthening Africa-led climate solutions and advancing afreximbank climate projects that support the continent’s long-term resilience.
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This story was first reported by APO Group. Read the full article here.
