Africa’s green investment frontier

Africa's local innovators are paving the way for sustainable solutions to climate challenges while creating attractive investment opportunities that are reshaping how capital flows into emerging markets. Godwin Aigboviose, CEO of EKI Co-Net, shared his insights on the intersection of climate technology and investment during a recent interview with CNBC Africa's Tabitha Muthoni. From off-grid energy projects to advancements in smart agriculture, African entrepreneurs are leading the charge in driving innovation and attracting investment in the region. As the CEO of EKI Co-Net, Aigboviose is deeply involved in Matter's climate tech ecosystem and offers a unique perspective on the bankability of ventures in the sector. With a focus on renewable energy, he delves into the complexities of climate finance, carbon credit monetization, and the potential for investors to lead the way in supporting impactful projects across Africa. Aigboviose emphasizes that Africa is not just the future but also the present in terms of climate innovation, making it a prime investment destination for those seeking to drive positive change while generating returns. He highlights the importance of government policies in fostering a conducive environment for sustainable growth, pointing to initiatives in Nigeria and Rwanda that prioritize environmental sustainability and economic development. By aligning with the United Nations' Sustainable Development Goals (SDGs), these policies aim to propel Africa towards a greener and more prosperous future. Aigboviose underscores the need for investors to assess risk and return in the context of Africa's evolving climate tech landscape, urging patience and a long-term perspective when engaging with the continent's emerging markets. He cautions against expecting quick returns on investments in climate solutions, emphasizing the importance of understanding the nuances of the African business environment and aligning expectations with the realities of the region. Additionally, Aigboviose discusses the strategic appeal of Rwanda as a gateway to the East African market, citing the country's proactive stance on environmental sustainability and its conducive business environment. He commends Rwanda's leadership in driving climate action and sees it as a strategic hub for expanding operations and accessing regional opportunities. As Africa's green investment frontier continues to evolve, Aigboviose's insights provide valuable guidance for investors, financial institutions, and multinational corporations looking to support sustainable growth while fostering local entrepreneurship. By embracing the unique opportunities offered by Africa's climate tech ecosystem, stakeholders can contribute to meaningful impact while unlocking the continent's vast potential for sustainable development.