Windhoek, Namibia – Africa’s green energy sector is set for a major transformation as the African Development Bank (AfDB) and the World Bank announce a combined financing commitment of $58.2 billion to accelerate green industrialisation and sustainable development across the continent.

The initiative, revealed ahead of the Global African Hydrogen Summit (GAH2S) 2025, aims to unlock private sector investments and foster economic growth through renewable energy projects. The funding is expected to attract sovereign wealth funds, private equity firms, and venture capitalists, providing crucial support for Africa’s transition to a low-carbon economy.

A key component of the initiative is the Project Investment Roundtables, which will serve as a platform for project developers and global financiers to connect and discuss funding opportunities. These discussions will address challenges such as bankability, risk perception, and regulatory compliance, ensuring that Africa’s green energy projects are both viable and scalable.

The 2025 Project Investment Roundtables ‘Call for Projects’ is now open until March 31, 2025, inviting renewable energy and industrial project developers from across Africa to submit their proposals for evaluation and potential funding.

The Global African Hydrogen Summit 2025, set to take place from September 9–11 in Windhoek, Namibia, will bring together heads of state, industry leaders, investors, and policymakers to drive partnerships and financing for key hydrogen and renewable energy projects.

Project categories include hydrogen, renewables (solar, wind, hydro), power, infrastructure, transportation, mining, and heavy industry. Investors range from development banks and hedge funds to pension funds and corporate financiers.

Benedict Libanda, CEO of the Environmental Investment Fund of Namibia, highlighted the impact of the investment roundtables, stating, “These partnerships and networks are crucial for the development of the hydrogen sector and Africa’s sustainable future.”

With Africa’s vast renewable energy potential and the backing of major financial institutions, the continent is poised to become a global leader in sustainable industrialisation. The GAH2S Summit will play a pivotal role in turning ambition into action, ensuring Africa remains at the forefront of the green energy revolution.