As part of the Global Green Finance Leadership Program, Casablanca Fiance City & Tsinghua University welcomed +150 green finance experts from 24 different countries to Casablanca for a 3-day international seminar on Greening Africa’s Financial System. It was the 1st edition to take place outside of Asia & the 1st to have an important African representation with 12 African countries present. Participants enjoyed dynamic panel sessions, interactive roundtable discussions & a visit to the Tangier Windmill Farm, travelling via Africa’s first high-speed train, Al Boraq. Mr. Said Ibrahimi, CEO of CFC stated, “although the opportunities on the continent are tremendous, Africa attracts only 5% of international green finance flows. It has a unique chance to leapfrog thanks to green & sustainable finance. Strengthening partnerships & building capacity, will be instrumental in scaling up green investments in Africa.” Dr. Ma Jun, Director of Research Center for Green Finance Development, Tsinghua University, highlighted 4 reasons for Africa to develop green finance, “mobilize new money for growth, leapfrog to green infrastructure, create business opportunities for financial institutions, & protect the financial sector from climate & environmental risks”.
