Accelerating Africa's Green Transition

Countries across Africa face social and economic challenges from droughts, heat waves, floods and rising sea levels that are threatening low-lying coastal cities and villages.

In this environment, supporting economic growth while accelerating a sustainable green transition has become even more challenging. Private sector support is critical because many governments, particularly in developing and poorer countries, struggle to cover the costs of the products and services needed to address the impacts of climate change.

IFC is working to accelerate an inclusive transition to low-carbon and resilient economic growth in Africa by mobilizing private capital to move into the most challenging locations. IFC uses a wide range of investment and advisory instruments to create investable project pipelines, to de-risk opportunities, and to mobilize institutional capital at scale.

IFC focuses its efforts on five key systems that together generate more than 90 percent of global greenhouse gas (GHG) emissions, and that also face significant adaptation challenges: energy; agriculture, food, water, and land; cities; transport; and manufacturing. IFC also seeks to green the financial systems that support them.

Learn more about IFC's work in Climate Business