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Funding a just energy transition in Africa
CNBC Africa's Godfrey Mutizwa spoke to Cameron Khosrowshahi, Senior Investment Advisor, Prosper Africa and Daniel Miller, Deputy Executive Director, New York City Board of Education Retirement Systems about the recently government announced energy plan and if it is helping to convince investors for the better.
Thu, 04 Aug 2022 19:41:37 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The importance of long-term capital and public-private partnerships in funding the transition to a decarbonized future
- The significance of patient money, diversification across asset classes, and commitments to ESG principles in driving investment in African projects
- The role of collaborative efforts between local and US investors in driving infrastructure development, transparency in markets, and fostering sustainable growth
The government's recent announcement of an energy plan has sparked conversations about the potential for increased investment across Africa. Cameron Khosrowshahi, Senior Investment Advisor for Prosper Africa, and Daniel Miller, Deputy Executive Director for the New York City Board of Education Retirement Systems, shared their insights on the impact of the energy plan on investor confidence during a recent interview. Khosrowshahi highlighted the importance of long-term capital and public-private partnerships in funding the transition to a decarbonized future. Miller expressed confidence in investing in African projects, citing commitments to net zero and environmental, social, and governance (ESG) principles. Both emphasized the significance of patient money and diversification across asset classes, including private equity and infrastructure. The conversation also touched on the upcoming elections in Kenya and the evolving investment landscape in African democracies. Collaborative efforts between local and US investors, facilitated by initiatives like Prosper Africa, are driving infrastructure development and fostering transparency in markets like Kenya. The interview concluded with a discussion on future delegation plans to various African countries and the investment potential in nations like Zambia and Angola. These countries, undergoing reforms and addressing debt challenges, present opportunities for investors to assess risk and support sustainable growth. Overall, the dialogue highlighted the growing momentum for investment in Africa's energy sector and beyond, signaling a shift towards economic development and environmental stewardship.
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