African NDC Investment Awards Shortlist Announced by Africa investor

September 1, 2024 Awards Media

The shortlist for the highly coveted NDC Investment Awards, sponsored by the African Green Infrastructure Investment Bank (AfGIIB), was unveiled today by Africa Investor (Ai), the continent’s leading institutional investment platform.

These first-of-their-kind global African NDC Investment Awards have rapidly grown in influence and stature. Now in their third year, these awards were first announced at the Commonwealth Heads of Government Meeting (CHOGM) in Kigali, inaugurally presented at COP27 in Egypt, showcased during the successful Africa Climate Summit in Nairobi, and the second edition was presented at COP28 in Dubai.

Designed to raise ambition, foster investment collaboration, globally recognize achievements across the main NDC project sectors, and inspire and reward governments, developers, investors, philanthropies, and development partners, these awards drive private climate capital mobilization and improve the investment readiness of Africa’s NDC projects, which require over $3 trillion of investment by 2030.

The urgency and importance of crowding-in the institutional investment community and philanthropies into African NDC-aligned investments, are heightened by the continents declining Official Development Assistance (ODA) flows.

Institutional Investor-Public Partnerships (IIPPs) and blended investments are indispensable for co-creating bankable NDC-aligned projects and bridging the continent’s $3 trillion investment gap at scale and speed. The transformative role of entrepreneurial philanthropies, spearheading and catalyzing Africa’s private capital mobilization paradigm shift – rendering African Green Industrial Infrastructure a globally competitive investable asset class, which makes development investable, not investment developmental, cannot be overstated.

This year’s prestigious awards will honor several African Heads of State with the NDC Presidential Investment Statesman of the Year Awards. For the first time, the awards will also feature two exciting new private capital mobilization categories: Best Natural Capital NDC Investment Initiative of the Year and Best Green Industrialization NDC Investment Initiative of the Year.

The shortlist includes 160 public and private sector-sponsored projects, representing approximately USD 1 trillion of the continents required USD 3-7 trillion of NDC financing and investment opportunities, from 43 African countries, covering all 5 African sub-regions.

The NDC Investment Awards high-level Adjudication Faculty consists of:

• Dr. Hubert Danso, Chairman of Africa investor (Ai) and the Chair of the NDC Awards Adjudication panel.
• John Denton, Secretary General of the International Chamber of Commerce (ICC).
• Damilola Ogunbiyi, CEO and UN SRSG for Sustainable Energy for All, Co-Chair of UN-Energy.
• Kandeh Yumkella, Former UN Under-Secretary-General and Special Representative of the Secretary-General and CEO.
• Ziad-Alexandre Hayek, President of the World Association of PPP Units (WAPPP).

Commenting on the shortlist announcement, Dr. Hubert Danso, Chairman of Africa Investor (Ai) and the Chair of the NDC Investment Awards Adjudication panel, said, “

“Africa’s NDCs are at a critical juncture as countries finalize their five-year updates due in February 2025. This moment presents a significant opportunity for governments to raise ambition, make NDCs investable and foster institutional investor-public partnerships to mobilize private capital at the speed and scale needed, to deliver the continent’s $3-7 trillion of NDC investment opportunities.

We are therefore delighted to see how these NDC Investment Awards, since their inception three years ago, have not only mobilized investments, but also catalyzed a groundswell of collaboration and alignment between the institutional investment community, the private sector, governments, philanthropies, and development finance partners. Together, they are working in support of institutional investor-public partnerships to co-create, develop, finance, and invest in African NDC-aligned projects and programs as an investable asset class.”

The 2024 NDC Investment Awards winners will be announced at the Ai NDC Institutional Investment Summit in New York on September 24^th during the UN General Assembly and New York Climate Week.

The prestigious NDC Presidential Investment Statesman of the Year Awards will also presented.

See the below 2024 NDC Investment Awards shortlist nominees:

Best Waste NDC Investment Initiative of the Year

1. Accra Compost and Recycling Plant (ACARP)
   Local Government, ACARP Team
2. Cairo Clean and Green Initiative
   Local Government, Cairo Initiative Team
3. Tunis Waste-to-Energy Project
   Local Government, Tunis Initiative Team
4. Rabat Waste Management and Recycling Program
   Local Government, Rabat Initiative Team
5. T3: Increasing Plastic Recycling
   USAID, Local Communities, Government Agencies
6. Kigali Waste-to-Energy Project
   Local Government, Kigali Initiative Team
7. Ekurhuleni Waste Management Program
   Local Government, Ekurhuleni Initiative Team
8. Cape Town Waste Management Strategy
   City of Cape Town
9. Maputo Waste Management and Recycling Initiative
   Maputo Municipality
10. Transportation Emission Reduction Project (10% Ethanol Blending to Fuel)
    Department of Energy, Ministry of Natural Resources and Energy

Best Energy NDC Investment of the Year

1. Tunisia’s Solar Energy Initiative
   Tunisian Ministry of Energy
2. Ethiopia’s Geothermal Energy Development Project
   Ethiopian Ministry of Energy
3. Lake Turkana Wind Power Project
   Lake Turkana Wind Power Ltd
4. Microsoft and G42 Investment in Kenya’s Renewable Energy
   Microsoft and G42
5. Kangnas Wind Farm
   Kangnas Wind Power
6. Mozambique’s Mphanda Nkuwa Hydropower Project
   Local Government
7. Nigerian Electrification Project
   Nigerian Rural Electrification Agency
8. Noor Ouarzazate Solar Complex
   Moroccan Agency for Sustainable Energy (MASEN)
9. AfDB and UK FCDO Just Energy Transition Project
   African Development Bank Group
10. Facilitating Access by Disadvantaged Communities and Women to Liquified Petroleum Gas (LPG)
    Scaling up existing project, discussion is ongoing for possible technical support by UNIDO and African Development Bank Group

Best Transport NDC Investment Initiative of the Year

1. Accra Bus Rapid Transit (BRT) System
   Accra Municipality
2. CFAO Electric Busses Investment
   CFAO Group
3. Addis Ababa Light Rail
   Addis Ababa Municipality
4. Dar es Salaam Bus Rapid Transit (BRT)
   Dar es Salaam Municipality
5. Johannesburg BRT System
   Johannesburg Municipality
6. Cape Town MyCiTi Bus Service
   Cape Town Municipality
7. Maputo Bus Rapid Transit (BRT) System
   Maputo Municipality
8. Freetown Electric Bus System
   Freetown Municipality
9. Dakar All-Electric Bus Network
   Dakar City Council
10. Lobito Corridor
    Lobito Corridor Management Committee

Best Urban Development NDC Investment Initiative of the Year

1. Smart City Casablanca
   Casablanca Municipality
2. New Cairo Capital
   New Cairo Capital Developers
3. Konza Technopolis
   Konza Technopolis Developers
4. Green City Kigali
   Kigali Municipality
5. Johannesburg Eco District
   Johannesburg Municipality
6. Cotonou Green City Initiative
   Cotonou Municipality
7. Kinshasa Urban Development Initiative
   Kinshasa Municipality
8. Maputo Urban Resilience Initiative
   Maputo Municipality
9. Windhoek Smart City Initiative
   Windhoek Municipality
10. Chongwe Smart City Renewable Energy Project
    NDC In-Country Facilitator – Ministry of Green Economy and Environment

Best Forestry NDC Investment Initiative of the Year

1. Nigeria Reforestation Project
   Nigeria Forestry Commission
2. Ethiopian Green Legacy Initiative
   Ethiopian Government
3. Ghana Forest Investment Program
   Ghana Forestry Commission
4. Kenyan Forest Conservation and Management Project
   Kenyan Forestry Service
5. Ugandan Forest Restoration Initiative
   Uganda National Forestry Authority
6. Moroccan National Reforestation Plan
   Moroccan Government
7. Tunisian Forest Management Project
   Tunisian Government
8. Gabon Sustainable Forestry Initiative
   Gabon Government
9. Cameroon Reforestation and Conservation Project
   Cameroon Government
10. Republic of Congo Forest Management Program
    Republic of Congo Government

Best Financeable NDC City Investment Initiative of the Year

1. Casablanca Urban Green Spaces Project
   Casablanca Municipality
2. Urban Waste-to-Energy Programs
   Lagos State Government
3. Konza Technopolis
   Konza Technopolis Development Authority
4. Kigali Innovation City
   Kigali City Council
5. Tatu City
   Tatu City Development Authority
6. The Ghana Smart Cities Project
   Ghana Ministry of Local Government
7. Johannesburg Green Urban Development Project
   Johannesburg City Council
8. Tunis Sustainable City Initiative
   Tunis City Council
9. Accra Urban Development Initiative
   Accra City Authority
10. Nairobi Urban Biodiversity Mapping and Investment Initiative
    Sustainable Markets Initiative (SMI) and Nairobi City County

Best GreenTech NDC Investment Initiative of the Year

1. M-KOPA Solar
   M-KOPA Holdings
2. SunCulture
   SunCulture
3. Sun Exchange
   Sun Exchange
4. KarmSolar
   KarmSolar
5. Easy Solar
   Easy Solar
6. Jaza Energy
   Jaza Energy
7. BBOXX
   BBOXX
8. Oolu Solar
   Oolu Solar
9. TDB and AfDB Clean Technology Initiative
   Trade and Development Bank Group, African Development Bank Group
10. Persistent Energy
    Persistent Energy

Best Agriculture NDC Investment Initiative of the Year

1. Ethiopia Climate Resilient Wheat Initiative
   African Development Bank Group
2. Kenya Sustainable Agriculture Project
   Kenyan Ministry of Agriculture
3. Ghana Climate-Smart Cocoa Program
   Ghana Cocoa Board
4. Nigerian Green Agriculture Initiative
   Nigerian Ministry of Agriculture
5. Rwanda Climate-Smart Agriculture Program
   Rwandan Ministry of Agriculture
6. Zambia Climate-Smart Agriculture Initiative
   Zambia Ministry of Agriculture, Local Government
7. Uganda Agricultural Adaptation Project
   Ugandan Ministry of Agriculture, Local Government
8. Egypt Sustainable Agriculture Project
   Egyptian Government, Local Government
9. Tunisia Sustainable Agriculture Initiative
   Tunisian Government, Local Government
10. Low Carbon Transformation of the Rwandan Tea Processing Sector
    Ministry of Environment & UNIDO

Best Health NDC Investment Initiative of the Year

1. Project Evolve: Climate x Health Infrastructure Investment Fund
   PATH
2. Health Impact Credit
   Health Finance Institute
3. Ethiopian Health Resilience Initiative
   Management Sciences for Health (MSH)
4. Kenyan Climate-Resilient Health Initiative
   African Institute for Development Policy (AFIDEP)
5. Ghana Health and Climate Project
   World Bank Group
6. Nigerian Climate-Resilient Health Initiative
   World Health Organization (WHO)
7. Moroccan Health and Climate Resilience Project
   World Health Organization (WHO)
8. Tunisian Health Resilience Initiative
   United Nations Development Programme (UNDP)
9. Ugandan Health and Climate Project
   Tetra Tech
10. HETA: Powering Health with Clean Energy in Africa
    Health Electrification and Telecommunications Alliance (HETA)

Best Water NDC Investment Initiative of the Year

1. Kenya Water Security and Climate Resilience Project
   Kenyan Ministry of Water, World Bank Group
2. Bulk Water Transfer in Zambia Project
   Project Proposal
3. Nigerian Urban Water Sector Reform Project
   Nigerian Ministry of Water Resources, Local Government
4. Rwanda Water and Sanitation Project
   Rwandan Government, Local Government
5. Gabon Water Supply Improvement Project
   Gabon Government, Local Government
6. Cameroon Water and Sanitation Initiative
   Cameroon Government, Local Government
7. Republic of Congo Water Sector Development Project
   Republic of Congo Government, Local Government
8. Liberia Water and Sanitation Project
   Liberian Government, Local Government
9. Resilient Water Accelerator
   Resilient Water Accelerator (RWA)
10. Mozambique Water and Sanitation Project
    Mozambican Government, Local Government

Best Investable NDC Adaptation Investment Initiative of the Year

1. Esther Kimani – Youth Adapt Winner
   Esther Kimani
2. Climate-Resilient Wheat Value Chain Development
   African Development Bank Group
3. Biggest Climate Adaptation Plan
   Bloomberg
4. Climate Adaptation Strategy and Planning
   PreventionWeb
5. IFC Climate Adaptation Investment Opportunities
   International Finance Corporation (IFC)
6. CRAKS: Building Community Resilience through Agricultural Adaptation
   Step Change
7. LAMA: Locally Led Adaptation Metrics for Africa
   Step Change
8. Morocco Solar Program
   Moroccan Agency for Sustainable Energy (MASEN)
9. The Earthshot Prize: Urgency + Optimism = Action
   The Earthshot Prize
10. $100M Capital Pool for African Entrepreneurs
    Arise IIP, Africa Finance Corporation (AFC)

Best Bankable Donor NDC Investment Initiative of the Year

1. Great Green Wall Initiative
   Great Green Wall Initiative
2. Morocco Green Agriculture Program
   Morocco Green Agriculture Program
3. Trade and Climate Action Loan
   Trade and Climate Action Loan
4. TDB and GGGI Climate Finance Partnership
   Trade and Development Bank Group and GGGI Climate Finance Partnership
5. Western Area Power Generation Project
   Western Area Power Generation Project
6. Lake Turkana Wind Power Project
   Lake Turkana Wind Power Project
7. USTDA and Investor Leadership Network (ILN) Climate Finance Mobilization Partnership
   USTDA and Investor Leadership Network
8. Green Climate Fund (GCF) – South Africa Climate Resilient Infrastructure
   Green Climate Fund (GCF) – South Africa Climate Resilient Infrastructure
9. Green Climate Fund – Nigeria
   Green Climate Fund (GCF)- Nigeria
10. Global Environment Facility – Chad
    Global Environment Facility – Chad

Best Blended Investment NDC Investment Initiative of the Year

1. Afreximbank Climate Finance Program
   African Export-Import Bank (Afreximbank)
2. World Bank and AFD Climate-Oriented Projects
   Trade and Development Bank Group, Agence Française de Développement (AFD)
3. BlackRock Climate Finance Partnership (CFP) Investments
   BlackRock
4. Namibian Hydrogen Fund
   Namibia Hydrogen Fund Managers (Nam H2)
5. LeapFrog Climate Innovation Fund
   LeapFrog Investments
6. Acumen Resilient Agriculture Fund (ARAF)
   Children’s Investment Fund Foundation (CIFF), Acumen Fund, Green Climate Fund (GCF)
7. KAWISAFI VENTURES
   ACUMEN FUND
8. Infrastructure Climate Resilient Fund (ICRF)
   Africa Finance Corporation (AFC)
9. SDG Loan Fund
   SDG LOAN FUND
10. African Green Infrastructure Alliance (AGIA)
    African Development Bank Group

Best Youth NDC Investment Initiative of the Year

1. Green Job Platform (Jacob’s Ladder)
   Jacob’s Ladder Africa
2. Strategic Youth Network for Development (SYND)
   SYND
3. Uganda Youth Climate Coalition (UYCC)
   Youth Climate Coalition (UYCC)
4. South Sudan Youth Enterprise Development and Capacity Building Project
   South Sudan Ministry of Youth and Sports
5. Botswana Youth Empowerment Projects
   Botswana Ministry of Youth, Gender, Sport, and Culture
6. The Namibian Youth Coalition on Climate Change (NYCCC)
   Namibian Youth Coalition on Climate Change (NYCCC)
7. Youth Leadership and Entrepreneurship Development
   Various NGOs and government agencies
8. Chadian Youth: The Strength to Learn, the Courage to Engage in Entrepreneurship
   Ministry of Youth and Sports, Chad
9. USAID and Kenya STEM Education Partnership
   USAID, Government of Kenya
10. Generation Unlimited 9JA
    UNICEF, Government of Nigeria

Best Natural Capital NDC Investment Initiative of the Year

1. Rwanda Catalytic Green Investment Facility (RCGIF)
   African Development Bank Group
2. Biodiversity Credits Initiative
   World Economic Forum
3. Verifiable Nature Units (VNUs)
   Various stakeholders, including governments, NGOs, and private sector partners
4. Congo Basin Natural Capital Accounting Project
   Climate Investment Funds (CIF)
5. TDB and UNEP Climate Finance Collaboration
   Trade and Development Bank Group, United Nations Environment Programme (UNEP)
6. Kelp Blue
   Kelp Blue
7. PLANETA
   USAID
8. ABALOBI
   ABALOBI
9. Gabonese Association of the Pan African Forest Certification System (PAFC GABON)
   PAFC GABON
10. Sustainable Forest Management for Enhancing Climate Change Adaptation and Mitigation
    Climate Finance Advisor under Commonwealth Funding and Government

Best Green Industrialization NDC Investment Initiative of the Year

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1. TDB Class C Green+ Shares
   Trade and Development Bank Group
2. Africa Green Industrialisation Initiative (AGII)
   Government of Kenya
3. TDB and AfDB Clean Technology Initiative
   Trade and Development Bank Group, African Development Bank Group
4. Zambia and DRC Transboundary Battery and Electric Vehicle Special Economic Zone
   Economic Commission for Africa (ECA), Afreximbank
5. Infrastructure Climate Resilient Fund (ICRF)
   Green Climate Fund (GCF), Africa Finance Corporation (AFC)
6. S.-Kenya Climate and Clean Energy Industrial Partnership
   The US Government and the Government of Kenya
7. BlackRock Climate Finance Partnership (CFP) Investments
   BlackRock
8. $100 Million Capital Pool for African Entrepreneurs
   Arise IIP, Africa Finance Corporation (AFC)
9. Africa Renewable Energy Manufacturing Initiative (AREMI)
   Bloomberg Philanthropies
10. Schonau Solar Energy
    Emesco