Kenyan President Ruto headlines Invest Africa’s US-Africa Investment Forum

by MMC
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African leaders at the UNGA united to highlight the continent’s transformation from a passive participant in the global order to an assertive partner actively seeking collaboration, not marginalization.

On the sidelines of the United Nations General Assembly (UNGA), Invest Africa (www.InvestAfrica.com), a leading pan-African trade and investment platform, hosted a US-Africa investment forum where Kenyan President William Ruto highlighted the urgency of tackling climate change as well as Africa’s potential to lead the energy transition.

This year, African leaders at the UNGA came together to mark the continent’s transformation from a passive participant in the global order to an assertive partner actively seeking collaboration, not marginalization. From South African President Ramaphosa’s call for Africa to “reclaim its role as a beacon of human progress” to Nigerian President Tinubu’s call to see the continent as “true allies and collaborators”, the Africa has reaffirmed its need for a more significant presence in multilateral institutions.

The US-Africa Investment Forum, hosted in partnership with the Milken Institute, included a fireside chat with President Ruto and Michael Milken, Chairman of the Milken Institute, during which President Ruto reiterated these calls partnership and investment opportunities. He highlighted the role of credit rating agencies in shaping the investment landscape in Africa, highlighting concerns over the nature of creditworthiness assessments and their impact on emerging economies. Samaila Zubairu, Chief Executive Officer of Africa Finance Corporation, and Kevin Garrow, Managing Director of Standard Chartered Bank, delivered keynote speeches, followed by an exceptional panel discussion on innovation and emerging trends in climate finance in Africa, with the participation of USAID, Government of Namibia, Standard Chartered Bank, Cross Boundary, Eurasian Resources Group and Xcalibur Multiphysics moderated by Tim McDonnell, Semafor Climate and Energy Editor.

Karen Taylor, CEO of Invest Africa, expressed her gratitude, saying: “It was a great privilege to welcome HE William Ruto, President of the Republic of Kenya, on the sidelines of this year’s United Nations General Assembly. At a time when multilateralism appears to be in decline across the world, seeing President Ruto and many African leaders gaining attention in New York is deeply encouraging. President Ruto’s leadership on climate and sustainable investment is inspiring, and we look forward to supporting his efforts to strengthen the continent’s climate resilience and propel climate-smart investments in African markets.

Kevin Garrow, Managing Director and Head of Renewable Natural Resources and Industry – Americas at Standard Chartered Bank, commented: “The UN General Assembly remains a staple of the multilateral calendar, and Standard Chartered was pleased to partner at Invest Africa and the Milken Institute. collaborate with leaders in the markets we serve. Africa has been an enduring cornerstone of our growth story for over a century, and we look forward to collaborating with President Ruto and his administration to unlock sustainable finance opportunities, propelling Kenya and the continent as a whole towards a low-carbon future.

For any enquiries, please contact Cara Oldenburg, Marketing and Events Manager at Invest Africa, at cara.oldenburg@investafrica.com.

Distributed by APO Group for Invest Africa.

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