Sahara's Dr. Kola Adesina Advocates for Climate Finance in Africa

At a United Nations General Assembly roundtable on Sustainable Global Investment, Economic Resilience, and Climate Financing, Dr. Kola Adesina, Group Managing Director of Sahara Power Enterprise Group, called for stronger mobilization of sustainable investment and climate finance to accelerate Africa's development. He stated that Africa's growth ambitions rely on building productive economies capable of withstanding economic, environmental, and geopolitical shocks.

Adesina pointed out that nearly 600 million people in Sub-Saharan Africa lack access to electricity, with an annual infrastructure financing gap of US$68 billion to US$108 billion. He emphasized the necessity for sustained investment across various sectors, including energy and agriculture, to create jobs and enhance competitiveness.

Adesina also noted that African countries need about US$277 billion annually to fulfill their climate commitments, while current climate-finance flows are only around US$30 billion. He highlighted Sahara's investments in LNG, LPG, and gas-to-power infrastructure, along with a commitment to achieving net-zero emissions by 2060.