Understand Africa Better.
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Understand Africa Better.
A highlight of Anzetse Were's speeches, public-facing engagements, and advisory roles.
Anzetse Were coordinated,spoke at, and moderated several events during CoP 29 focused on Green and Climate Finance.
At a workshop convened by Liaison Group, Anzetse Were's keynote provides insight on macroeconomic developments, how they impact the pensions sector, and how they can be navigated.
Anzetse Were shares the green finance work she leads with Cabinet Secretary Hon. John Mbadi, The National Treasury and Economic Planning, during a courtesy call. (Sept 2024)
Anzetse Were moderates a roundtable on agricultural technology innovation to support climate resilience as part of the visit to Kenya by Her Majesty Queen Máxima of the Netherlands, in her capacity as United Nations Secretary-General Special Advocate for Inclusive Finance for Development (UNSGSA). (Oct 2023)
Anzetse Were participates in a panel with Albert Muchanga, Commissioner for Trade and Industry, African Union, and Amadou Hott, Special Envoy of the President of the African Development Bank for the Alliance for Green Infrastructure in Africa. (May 2024)
Anzetse Were attends the AfDAN High Level Forum. Seated L to R: Cabinet Secretary for Environment, Climate Change and Forestry Hon. Aden Duale; Cabinet Secretary for The National Treasury and Economic Planning Hon. CPA John Mbadi; Rt. Hon. Raila Amolo Odinga; Cabinet Secretary for Lands, Public Works, Housing and Urban Development Hon. Alice Wahome.
GreenTech Mentor
Anzetse mentors the GreenTech Africa 2024 Cohort. She shares her insights and expertise on how to develop and evolve robust green business models on the continent. This investment-readiness accelerator is supported by Moody’s Foundation in partnership with Village Capital.
The County Green Investment Facility
The County Green Investment Facility is up and running. Anzetse Were designed and structured the facility which will prepare green projects from subnational governments and match them to funding. The facility is being implemented with the support of and in partnership with The National Treasury Kenya. The facility is fully funded by FSD Kenya and will support counties in developing bankable green projects and attracting investors. The 10 counties are Embu, Kirinyaga, Kisumu, Laikipia, Nairobi City, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir
The Facility will be managed by PwC Kenya and implemented in partnership with Adaptation Consortium, the 10 county governments, and the National Treasury and Economic Planning. The facility has already commenced operations, with meetings held with county governments to identify potential green projects.
Understand Africa Better.
A highlight of Anzetse Were's interviews with media and via bespoke engagements.
Understand Africa Better.
A collection of reports and technical papers authored, co-authored and supervised by Anzetse Were.
The Macroeconomic Environment And The Pensions Sector in Kenya
October 2024
In October, Anzetse Were was the keynote speaker at the Pension Trustees Development Forum convened by Liaison Group Ltd.
Her keynote provided insight on macroeconomic developments, dynamics in the financial sector, how these factors impact the pensions sector, and how they can be navigated. In her deep dive on the pensions sector, Anzetse highlighted foundational strengths in the sector, key emerging dynamics, and challenges that need to be addressed.
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Understand Africa Better.
Anzetse Were discusses Economic Transformation, Finance Systems, Carbon Markets, Great Power Competition, and Sustainable Finance in Africa.
The African Green Climate Finance National Designated Authorities Network High Level Forum
August 2024
Anzetse Were attends the Africa Green Climate Finance National Designated Authorities Network (AfDAN) High Level Forum. Hosted by The National Treasury and Economic Planning of Kenya, the forum brings together representatives from 20 African nations, diplomats, and development partners to strengthen green and climate finance strategies across the continent.
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The event is graced by the Cabinet Secretary for Environment, Climate Change and Forestry Hon. Aden Duale; the Cabinet Secretary for The National Treasury and Economic Planning Hon. CPA John Mbadi; the Rt. Hon. Raila Amolo Odinga, Kenya’s candidate for the African Union Commission Chairmanship; and the Cabinet Secretary for Lands, Public Works, Housing and Urban Development Hon. Alice Wahome.
Food for Thought
Africa has been one of the fastest-growing consumer markets in the world and regardless of income, the vast majority of consumer spending takes place through informal channels. This means selling to Africans consistently at scale, means understanding and/or leveraging informal channels.
As background, consumer spending in Africa grew at a rate of 3.9% between 2010-15, reached $1.4 trillion in 2015 and is expected to reach $2.1 trillion by 2025, and $2.5 trillion by 2030. By 2030, the largest consumer markets will include Nigeria, Egypt, and South Africa with substantial opportunities in Algeria, Angola, Ethiopia, Ghana, Kenya, Morocco, Sudan, Tunisia, and Tanzania.
Informal purchases can be defined as those made from vendors which typically operate on roadside, as table-top vendors, hawkers, shopkeepers, open air markets, informal shops/kiosks etc, are not regulated, and are often unlicensed/ unregistered. Formal purchases are through formally registered and licensed vendors such as supermarkets and online sources. We are also seeing the growth of hybrid vendors---those who sell a portion of their goods through formal channels (perhaps through an e-commerce platform) but still have a small informal shop/business where a bulk of sales occur.
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Regardless of income levels, most consumers still buy most items through informal channels particularly food items and groceries. And for lower income households that typically earn less than USD2,500 annually, informal channels are even more dominant for purchases.
Why do informal points of sale remain so popular, despite improvements in formal distribution, and deepening e-commerce capabilities? There are 5 answers to that: Proximity, Customisation, Affordability, Repackaging, and Cash and Goods on credit
