Equity Group’s CEO Calls for Increased Advocacy for Capital Inflows to Fund Green Projects in Africa  

Equity Group‘s CEO, Dr. James Mwangi, has urged both African governments and the private sector to advocate for enhanced capital inflows into Africa to finance green business ventures ready for investment across the continent.

Speaking to Bloomberg on the sidelines of COP 28 in Dubai, Dr. Mwangi highlighted that the development of clean energy within Africa presents lucrative investment prospects, given that the continent possesses 60% of the world’s green energy potential.

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Additional opportunities lie in the strategic development of green minerals and enhancing food security through sustainable agriculture.

Further, Mwangi indicated that Equity Group remains committed to issuing its green bond once the global macroeconomic climate becomes more stable.

The initial plan to float the bond was previously withdrawn due to high inflation and interest rates.