Current investment levels are insufficient to meet the continents financing needs. The quality of current investments has also been challenged by multiple constituencies. The ACF seeks to identify support mechanisms to overcome barriers for deploying finance in three critical areas: energy transitions and requisite infrastructure, agriculture and adaptation financing, land use and food systems and finally resilient urban environments. Channelling finance for adaptation and loss and damage is essential for African countries. Also critical, is ensuring finance packages are availed on fair terms, including removing restrictions on localisation, technology transfer and the continent’s scope to industrialise.
As a cross cutting theme, our Sustainable Finance Programme seeks to catalyse Africa’s investment flows across the ACF’s Programmatic areas. To meet the scale and urgency of the finance shortage, the ACF is working with multiple stakeholders and establishing partnerships that leverage public international finance as an anchor point, mobilise regional development finance institutions, boost domestic resource mobilisation and attract private capital.