African Development Bank Joins Climate Action Africa Forum (CAAF24) Deal Room

African Development Bank is joining the Climate Action Africa Forum (CAAF24) Deal Room.

NaijaOnPoint Nigeria reports that the African Development Bank is joining the 2024 Climate Action Africa Forum (CAAF24) Deal Room from 19 -20 June 2024 at the Landmark Event Centre, Lagos, Nigeria.

The Nigeria Sovereign Investment Authority, The Catalyst Fund and the Africa Enterprise Challenge Fund are also supporters.

The CAAF24 Deal Room is an innovative platform connecting high-impact climate innovators in Africa with potential investors committed to accelerating sustainable solutions. Eligible climate-tech businesses focused on emission reduction, energy, agriculture, transportation, circular economy, and building and construction can apply.

The Bank’s participation reflects its commitment to boosting investments in Africa’s green economy by galvanizing a community of innovators, entrepreneurs, and investors to create applicable solutions to mitigate the challenges of climate change on the African continent.

“Through the CAAF24 Deal Room, and with the African Development Bank’s presence, we aim to bridge the critical gap between promising climate ventures and the essential resources they need to thrive,” says Grace Oluchi Mbah, Executive Director of Climate Action Africa.

“By facilitating connections between passionate entrepreneurs and dedicated investors, including the strategic involvement of the Bank, we can collectively unlock the immense potential of climate solutions in Africa.”

The CAAF24 Deal Room will conclude with a post-event accelerator in partnership with the Silicon Valley-based Founder Institute and IDEA Africa. This initiative is designed to further accelerate and enhance support for promising climate tech startups and founders participating in the Deal Room.

Applications for the CAAF24 Deal Room are open from 22 April-2 June.

Interested applicants can register at https://deal.caaf.africa/

Deal Room Eligibility Criteria

●    African-owned companies operating in any of the 54 African countries.

●    For-profit companies between 1-5 years post-incorporation, post-minimum viable product and post-go-to-market.

●    Companies that leverage digital technology in their business model.

●    Female ownership is considered an added advantage.

About The African Development Bank

The African Development Bank is a multilateral institution whose objective is to contribute to the sustainable economic development and social progress of the African countries that make up the Bank’s regional member countries.

About Climate Action Africa

Climate Action Africa is a leading Africa-focused social enterprise at the forefront of the continent’s climate action ecosystem. CAA actively promotes collaborations, fosters an enabling ecosystem, and champions eco-friendly, sustainable practices, alongside supporting research and localized innovations across the continent.