Unlocking climate finance to drive Africa’s green transition

The Africa CEO Forum has brought together top CEOs from across the globe to discuss the imperative need for a green transition on the continent. One of the key voices at the forum was Ifeanyi Odoh, the Country President for Schneider Electric East Africa. In an exclusive interview with CNBC Africa's Aby Agina, Odoh highlighted the importance of Africa being at the table and not on the menu when it comes to driving the energy transition. As an African himself, Odoh emphasized Schneider Electric's commitment to supporting and driving the green transition to create a strong, sustainable future. The forum provided a platform for companies operating in Africa to come together to reshape the future by leveraging innovations and technologies. A key highlight of the discussions was the startling statistic that 600 million people in Africa still live without reliable power, presenting both a challenge and an opportunity for companies like Schneider Electric. Odoh underscored the pragmatic business opportunity in addressing this market by providing energy access to those who need it the most. Schneider Electric has been intentional in investing in innovations and technologies to empower communities and drive the green transition. The company believes that energy is a fundamental human right and continuously works towards ensuring access for all. With a focus on capacity building and skill development, Schneider Electric aims to build a network of partners equipped to deliver sustainable solutions and maintain global standards. The company also collaborates with educational institutions to train the next generation of engineers and entrepreneurs with the skills needed to address climate challenges and secure the future. While there is a lot of talk about climate readiness and resilience, Odoh emphasized the need for action and practical steps to drive the green transition. Schneider Electric has called on young innovators across Africa to submit bold ideas that contribute to the green transition. The company aims to drive impact through its initiatives and support young entrepreneurs in realizing their projects. By bridging the gap between ideas and actions, Schneider Electric is paving the way for a sustainable future through collaboration with governments and stakeholders in East Africa.