According to BBC, the inaugural summit called ‘Giants Club’ will be led by the Kenyan President Uhuru Kenyatta.
As well as heads of state, the conservation group will bring together business leaders and scientists.
Experts say Africa's elephant population has fallen by 90% over the past century and warn that the animal could be extinct within decades. BBC reports.
Among those expected to attend the summit are Ugandan President Yoweri Museveni and President Ali Bongo from the West African nation of Gabon.
According to BBC, reports, after the summit, Kenya will set fire to nearly its entire confiscated stock of ivory, 105 tonnes equivalent to the tusks of more than 6,700 elephants.
The ivory has been piled into a dozen giant pyres, which will be lit by dignitaries at the summit.
The mass burning on Saturday will be seven times the size of any stockpile destruction so far, and represents about 5% of global ivory stores.