EBRD joins Africa Green Industrialisation Initiative framework at Africa Forward Summit

By:  Nana Appiah Acquaye

The European Bank for Reconstruction and Development (EBRD) has formally joined African development finance institutions as a signatory to the Framework for Cooperation under the Africa Green Industrialisation Initiative (AGII), marking a strengthened commitment to Africa’s low-carbon industrial transformation.

The agreement was concluded during the Africa Forward Summit in Nairobi, where EBRD President Odile Renaud-Basso signed the framework, signaling the institution’s readiness to support implementation through blended finance, technical assistance, capacity building, and sustained policy engagement.

The initiative, championed by Kenyan President William Ruto, aims to accelerate Africa’s transition toward competitive and sustainable green industrialisation through coordinated investment and policy alignment.

The signing ceremony took place in the presence of Heads of State and Government and was witnessed by H.E. Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat, alongside other continental and international partners.

The partnership reflects growing collaboration between African institutions and global financial actors to mobilize investment, strengthen industrial capacity, and support climate-aligned economic growth across the continent.

Officials described the agreement as a step toward deepening coordinated action on infrastructure, energy transition, and industrial development, with the goal of advancing shared prosperity through sustainable growth pathways.