Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Scholz pledges greater investment in Africa’s green energy sector

Scholz pledges greater investment in Africa’s green energy sector

GERMANY will invest 4 billion euros in green energy projects in Africa until 2030, Chancellor Olaf Scholz said, noting these could in turn help Europe's largest economy achieve its own transition to carbon neutrality. Germany will need to import large quantities of green hydrogen going forward, including from Africa if it is to achieve its goal of net zero emissions by 2045, he said at a German-African business forum in Berlin. The forum preceded a summit of the "G20 Compact with Africa" that aims to drum up investment in the world's poorest but fast-growing continent by coordinating the development agendas…
Read More
US Vice President Harris promises greater investment for Africa

US Vice President Harris promises greater investment for Africa

U.S. Vice President Kamala Harris said that the United States will increase investment in Africa and help spur economic growth as she began a week-long tour of the continent aimed at offering a counter to the influence of rival China. China has invested heavily in Africa in recent decades, including in infrastructure and resource development, while Russian influence has also grown, including through the deployment of troops from Russia's private military contractor Wagner Group to aid governments in several countries. "On this trip, I intend to do work that is focused on increasing investments here on the continent and facilitating…
Read More