Africa's Green Economy Summit, Formula E provided extra kick-start for green invasion of continent

By: Africa's Green Economy Summit
CAPE TOWN, South Africa - April 5, 2023 - PRLog -- The hugely successful Africa's Green Economy Summit held in February during the E-Fest in Cape Town, culminating in the sold-out Formula E championship race attended by more than 25-thousand people, "created that extra kick-start for the much-needed green invasion that our continent needs" says David Ashdown, CEO of VUKA Group, organisers of the summit.

Ashdown adds: "It was a great success. Besides the various presentations and discussions, we had entrepreneurs pitching projects to investors at our pitch deck lounge, and our concierge match-making service set up in excess of 120 meetings, with one project securing US$2 million in seed funding on the day. That is the excitement of creating a deal-making environment. We've created a very robust platform to build from for the future".

With a jam-packed programme of more than 80 expert speakers, Africa's Green Economy Summit brought together financiers, project developers, and government representatives, highlighting investment prospects that exist across the continent in the fields of green hydrogen, EVs, energy storage, solar, hydro and wind energy, infrastructure development, urban sustainability as well as manufacturing.

Cape Town and Western Cape proud hosts
As host province of the event during a week that loadshedding continued to cause problems for South African households and businesses alike, the Western Cape government had a strong presence at Africa's Green Economy Summit, including the Premier Alan Winde, and took every opportunity to explain the steps that the local government was taking to alleviate the effects of the current electricity crisis on consumers and businesses as well as providing opportunities for investment in the local green economy.

"Cape Town was proud to host Africa's Green Economy Summit," says the city's Executive Mayor Geordin Hill-Lewis. "We're on a mission to not only make our city the best and easiest place to do business on the continent, but also to position it as the green economy capital of Africa. But building a green economy is about far more than the City's own energy programme. The opportunities that exist in green hydrogen, energy storage, electric vehicles and a wide range of manufacturing, to name but a few, have the potential to transform our local economy."

Africa's Green Economy Summit was supported by the following key partners: The Western Cape Government, the City of Cape Town, Wesgro, CSIR, Atlantis Special Economic Zone, South African Tourism. The following companies and institutions were event sponsors: Gautrain (platinum), ABB, AfDB, Eskom as well as Nedbank CIB, Nissan and Uber. (

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