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By Madu Obi
AS part of its commitment to foster African climate tech entrepreneurship, the IDEA Africa, a high tech organization, is spearheading the Climate Action Africa Forum 2024 (CAAF24) Deal Room expected to take place in Nigeria.
The programme is being planned in partnership with Climate Action Africa and Silicon-Valley, USA -based Founder Institute.
Executive Director of IDEA Africa, Mr. Ifedy Eze said during media interaction in Awka that the strategic collaboration underscores IDEA Africa's pivotal role in advancing innovation across the African continent, with a focused emphasis on the crucial area of climate technology.
Eze said the Lagos event will serve as the centerpiece of CAAF24 and would provide a premier platform for African climate tech startups to engage with investors and stakeholders alike.
According to him, participants and investors include the African Development Bank (AfDB), Nigeria Sovereign Investment Authority (NSIA), The Catalyst Fund, Africa Enterprise Challenge Fund (AECF), among others, adding that their participation underscores the event’s significance and the potential for substantial investment opportunities in Climate Change.
He added that with IDEA Africa's distinguished expertise, the initiative seeks to catalyze groundbreaking investments in climate solutions and positioning Africa as a leader in sustainable innovation.
Eze said: "Andrew Crawford, Director of the Founder Institute, underscores the strategic significance of the Deal Room."
"The Founder Institute is proud to support this innovative platform that brings together the brightest minds and the most passionate investors in the climate tech space.
The goal is to catalyze impactful investments that can propel these startups to global success".
"More so, IDEA Africa's unparalleled influence in driving entrepreneurial excellence makes them an invaluable partner in this endeavor as they aim to cultivate a vibrant ecosystem that empowers African startups to address pressing climate challenges."
The session will facilitate financing for solutions contributing to the growth and sustainability of Africa's green economy.
"This platform offers a gateway for African entrepreneurs to showcase their innovations to a curated audience of investors who are eager to support and scale sustainable innovations"
"It is important to note that the event is not a competition for pitches or prizes but one aimed at fostering meaningful connections.
The focus is on nurturing dialogue and partnerships that can lead to tangible investment and support for projects, aligning perfectly with IDEA Africa's vision for sustainable development."
He urged other investors who are interested in participating to join the impactful event.
Also speaking, the Executive Director of Climate Action Africa, Grace Oluchi said the event would provide invaluable opportunities to Nigerians.
"The Deal Room at CAAF24 is more than just a meeting place. It’s a launching pad for the next generation of climate solutions. Climate Action Africa in partnership with IDEA Africa is excited to facilitate these critical connections that can lead to significant environmental and economic impacts across Africa", she said.
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