GIZ trains 13 Companies On Investment In Climate Adaptation Sector

Mariam Abeeb

The Germany Agency for International Cooperatives, GIZ has trained no fewer than 13 African companies on investment readiness in the climate adaptation sector.
The two-year program, organized by GIZ, was aimed at enhancing business modeling and financial linkages for climate adaptation.
The programme which has come to a close was organized for 13 selected companies from Kenya and Nigeria, with the final segment held at a summer camp in Feldafing, Germany.
The initiative focused on developing sustainable business models, measuring impact, and preparing companies for investment readiness in the climate adaptation sector.
Participants underwent diverse training modules tailored to address various sectors, including:• Agriculture, infrastructure, irrigation, water recycling, and rain harvesting .
Through this program, participants gained valuable insights and skills to refine their business approaches and adapt to evolving climate challenges.
During the closing ceremony, the African Climate Adaptation Business Network was formally established.
Program Head Denise Engel praised the program’s achievements in promoting peer learning and enhancing business models to attract investments.
Dr. Denis Mujibi of Usomi (Usomi) expressed gratitude to the German government, GIZ, and all stakeholders for their support.
He announced the formation of the Association of Africa Climate Adaptation Business Network (AACABN), the first cohort to establish such an association.
The AACABN aims to build on the program’s momentum, fostering collaboration among African businesses dedicated to climate adaptation.
The association selected Suleiman Dikwa (Green Sahara Nigeria) as Chairman and Dr. Denis Mujibi (Usomi) as Secretary.
The Steering Committee comprises four members: Greg Ikwe (Cofarms), Elizabeth Mbogo (Nazava), Ibukunoluwa Animashaun (FutuX Agri-consult Ltd), and Greg Ikwe (Cofarms ).
GIZ has endorsed this initiative, recognizing its strategic alignment with their objectives to sustain support for climate adaptation businesses and facilitate investment in the sector.