President William Ruto is set to convene a High-Level Consultative Meeting today on the Africa Green Industrialization Initiative (AGII), a transformative Pan-African effort aimed at positioning the continent as a global leader in green manufacturing and climate-smart industrial development.

The forum, organized in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, will bring together senior representatives from Africa’s leading development finance institutions, commercial banks, and continental bodies, including the African Union Commission (AUC).

“The purpose of this meeting is to bring together Africa’s top financial institutions to design a robust financing framework for priority green industrial clusters,” a statement from State House noted.

Formally endorsed by the African Union in February 2025, the Africa Green Industrialization Initiative aims to accelerate the continent’s green industrial transition. The AGII aligns with Africa’s broader goal of structural economic transformation and is rooted in commitments made under the Nairobi Declaration on Climate Change, which identified industrialisation as crucial for climate-resilient growth, job creation, and sustainability.

Key institutions participating in the meeting include the AfCFTA Secretariat (led by Secretary-General Wamkele Mene), African Development Bank (AfDB), African Export-Import Bank (Afreximbank), Africa50, Africa Finance Corporation (AFC), Standard Bank Group, Ecobank Transnational Incorporated (ETI), KCB Group, Equity Group Holdings, as well as the African Union Commission (AUC).

The forum aims to secure strategic commitments from financial institutions, not only as funders but as co-architects of a homegrown financing model that supports climate-smart industrial growth.

“This meeting marks a critical step from vision to implementation. Engaging Africa’s financial institutions as strategic partners is essential for building a green and self-reliant industrial future,” the State House statement added.

The goal of the AGII is to catalyze investment in priority green industrial clusters across Africa, reinforcing the continent’s ambition to become a key player in the global green economy while advancing climate action and sustainable development.