Transforming African Economies Through Circular Solutions - the Case of the Africa Circular Economy Facility

29 May 2024
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African Development Bank (Abidjan)

What: African Development Bank Annual meetings side event: Transforming African economies through Circular Solutions

Who: The African Development Bank, Government of Finland, the Nordic Development Fund, Trade and Development Bank and UNEP Africa

When: Friday, May 31 - 09 :00 to 10:30 EAT

Where: Mount Kenya, Tent 1 / Kenyatta International Conference Centre

On the sidelines on its 2024 Annual Meetings, the African Development Bank's Africa Circular Economy Facility will hold a session on "Transforming African economies through Circular solutions - the case of the Africa Circular Economy Facility" at 9 am on 31 May in the Kenyatta International Conference Center.

The Bank's Vice President for Power, Energy, Climate Change and Green Growth Kevin Kariuki will attend. He will be joined by the CEO and President of Trade and Development Bank Admassu Tadesse and representatives of UNEP Africa, the Government of Finland, the Nordic Development Fund.

The event will showcase how adopting a circular economy model would be transformative for Africa, unlocking billions of dollars of economic benefits, generating millions of green jobs, and ensuring that economic growth remains within planetary boundaries. By providing innovative insights on Africa's development, the event aligns with the African Development Bank's strategic goals, the African Union's Agenda 2063, and the Sustainable Development Goals. This alignment is crucial for addressing Africa's pressing challenges such as poverty, deforestation, resource depletion, and the escalating impacts of climate change and biodiversity loss.

By fostering collaborations between governments, the private sector, development finance institutions, and other stakeholders, the Africa Circular Economy Facility aims to embed circular economy thinking into both public and private decision-making processes. This initiative sets the stage for Africa to not only achieve its sustainable development goals but also drive innovation, enhance community health, and build a resilient and competitive economy for the future.

Click here to join the session.


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