• Contact
Saturday, October 18, 2025
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    nigeria

    Nigeria in talks with China for $2bn loan for super grid

    REFINARIA de cabinda distição, Marcelo Hofke, CEO da Gemcorp Angola

    Newly Inaugurated Cabinda Refinery Awarded Downstream Operator of the Year in Luanda

    china

    Africa is becoming one of China’s favorite markets, and Trump may have helped

    Trending Tags

  • Business
    dhl

    DHL plans to invest €300m to expand logistics in Africa

    kenya airways

    Kenya Airways takes off on locally made jet biofuel in bid to attract green investment

    vodacom

    Africa’s second-largest telecom operator to invest $29 million in 5G expansion in South Africa

    multichoice

    French media giant Canal+ to list in South Africa after $3 billion MultiChoice takeover

    refinery

    Africa’s refining capacity expands as Uganda’s $4 billion oil refinery nears 2030 start

    dangote

    Dangote’s wealth rebounds to $29 billion despite domestic pressures, on cement and refinery growth

    Arthur Eze

    Nigerian billionaire to invest $800 million in four offshore oil blocks in Liberia

    elon musk

    Elon Musk is a step closer to becoming a trillionaire. Here’s a look at his rising wealth

    Multichoice logo on building 900x675

    South Africa’s MultiChoice set for new ownership as $3bn takeover deal gets green light

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    nigeria

    Nigeria in talks with China for $2bn loan for super grid

    REFINARIA de cabinda distição, Marcelo Hofke, CEO da Gemcorp Angola

    Newly Inaugurated Cabinda Refinery Awarded Downstream Operator of the Year in Luanda

    china

    Africa is becoming one of China’s favorite markets, and Trump may have helped

    Trending Tags

  • Business
    dhl

    DHL plans to invest €300m to expand logistics in Africa

    kenya airways

    Kenya Airways takes off on locally made jet biofuel in bid to attract green investment

    vodacom

    Africa’s second-largest telecom operator to invest $29 million in 5G expansion in South Africa

    multichoice

    French media giant Canal+ to list in South Africa after $3 billion MultiChoice takeover

    refinery

    Africa’s refining capacity expands as Uganda’s $4 billion oil refinery nears 2030 start

    dangote

    Dangote’s wealth rebounds to $29 billion despite domestic pressures, on cement and refinery growth

    Arthur Eze

    Nigerian billionaire to invest $800 million in four offshore oil blocks in Liberia

    elon musk

    Elon Musk is a step closer to becoming a trillionaire. Here’s a look at his rising wealth

    Multichoice logo on building 900x675

    South Africa’s MultiChoice set for new ownership as $3bn takeover deal gets green light

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Economy

Investing $100 billion annually: Africa’s ambitious path to clean energy by 2040

TAB by TAB
05/08/2023
in Economy
0
Investing $100 billion annually: Africa's ambitious path to clean energy by 2040
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

By 2030, Africa must provide power to 90 million people yearly and wean 130 million people off of polluting cooking fuels. While some nations, like Kenya, are ahead in the switch to green energy, others are still far behind, according to Kenya’s Energy and Petroleum Cabinet Secretary Davis Chirchir, speaking at the Green Energy Conference in Nairobi.

He said that up until 2040, the continent will need an estimated $100 billion yearly to make a successful transition. According to him, Kenya has made enormous strides in recent years to expand its clean and green energy capacity, and it is currently at the forefront of the development of renewable energy, notably geothermal and wind power.

Related posts

nigeria

Nigeria in talks with China for $2bn loan for super grid

08/10/2025
5
REFINARIA de cabinda distição, Marcelo Hofke, CEO da Gemcorp Angola

Newly Inaugurated Cabinda Refinery Awarded Downstream Operator of the Year in Luanda

07/09/2025
5

“Kenya has slowly but surely been working around this challenge. Following increased investment in the sector, about 87 percent of the power generated in the country now comes from renewable energy sources,” he said.

The region can develop into a clean energy superpower by combining its energy networks and emphasizing renewable energy sources, he continued, avoiding the trap of outdated, centralized fossil fuel infrastructure that exacerbates the climate catastrophe.

Kenya has launched a daring green development plan with the goal of using 100% renewable energy by 2030. According to Chirchir, this comprehensive strategy also promotes green transportation, eco-friendly urbanization, sustainable agriculture, and green industry. Kenya’s grid is currently 92% renewable.

Kenya was included in a list of nations last month that would share Sh12.5 billion ($88.9 million) in funding for renewable energy projects from the United States Agency for International Development (USAID).

The installation of 10 million on-grid and off-grid connections for an estimated 50 million people in sub-Saharan Africa will be funded by the billions to be released through the Power Africa program for East and Central Africa.

The choice to bring the Clean Energy Conference to Africa, according to Stephen Kuria, chairman of the conference and a representative of the Australia Africa Energy and Minerals Institute (AAEMI), demonstrates the enormous advancements the continent has achieved in the field of clean energy.

“Mining has anchored the energy sector, and as we transition into clean energy, it will prove even more critical. This conference will catalyze African-led conversations focused on environmental stewardship, innovation, and revenue generation across various sectors,” he said.

The meeting supported a recent study titled “Just Transition: A Climate, Energy, and Development Vision for Africa,” which was written by a group of independent climate and energy experts and emphasized the continent’s ability to move away from fossil fuel dependence.

The research issues a warning against the fatal fixation of the Global North with unclean energy, which has left Africans vulnerable to the effects of the climate catastrophe.

The study emphasizes the need for immediate action to solve persistent issues including energy poverty, regional conflict, economic instability, and patriarchal oppression. It does this by drawing on Africa’s unique economies, resources, ecosystems, and cultures.

The research stresses the necessity of a transition away from community-based agroecological systems that support food sovereignty, climate resilience, and stable livelihoods and toward export-oriented, cash-crop agriculture.

It also urges the creation of a Pan-African industrial policy with an emphasis on the growth of internal markets, the development of African resources, and the creation of jobs for Africans.

In 2022, 970 million people lacked access to clean energy for cooking, and at least 600 million people did not have access to electricity.

Source: Africa Business Insider
Previous Post

GTA gas project delayed to 2024

Next Post

Asky Airlines launches Lomé/Luanda flight

Next Post
Asky Airlines launches Lomé/Luanda flight

Asky Airlines launches Lomé/Luanda flight

RECOMMENDED NEWS

Where To Shop The Best Fashion Finds From Africa, Asia, Latin America And Georgia

Where To Shop The Best Fashion Finds From Africa, Asia, Latin America And Georgia

4 years ago
5
Inside China’s desperate race to resolve its energy crisis

Inside China’s desperate race to resolve its energy crisis

4 years ago
4
Nigeria: Insurance startup Etap gets $1.5m pre-seed

Nigeria: Insurance startup Etap gets $1.5m pre-seed

3 years ago
5
Cannabis prescribed for pain linked with risk of heart disorders, study finds

Cannabis prescribed for pain linked with risk of heart disorders, study finds

3 years ago
2

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • DHL plans to invest €300m to expand logistics in Africa
  • Kenya Airways takes off on locally made jet biofuel in bid to attract green investment
  • Africa’s second-largest telecom operator to invest $29 million in 5G expansion in South Africa

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business