First Independent Mena Newspaper
The European Union has announced a €545 million ($638 million) initiative to accelerate Africa’s transition to clean energy, aiming to expand electrification, modernize power grids, and improve access to renewable power across nine countries. Unveiled by European Commission President Ursula von der Leyen at the Global Citizen Festival in New York, the funding forms part […]
Africa’s energy investment landscape is undergoing a dramatic shift as China’s once-dominant role in fossil fuel infrastructure gives way to diversified, cleaner, and more commercially driven models. According to the International Energy Agency (IEA), Chinese development finance for African energy projects has plummeted by over 85% since 2015, contributing to an overall drop in public […]
Morocco ranked second in Africa for renewable energy investments, totaling $9.36 billion from 2010 to 2021, according to findings collected by international research group Zero Carbon Analytics. South Africa leads the continent with $23 billion spent in the same period. In wind energy, Morocco ranks second in installed capacity at 22%, following South Africa, while […]
UAE has unveiled an initiative that will provide $4.5bn to help tap Africa’s clean energy potential amid increasing negative impacts of the climate change on the continent. COP28 President-Designate Sultan Al Jaber made the announcement during his keynote address at the inaugural African Climate Summit in Nairobi, Kenya. The initiative will bring together public, private, […]
German Chancellor Olaf Scholz heads Thursday May 4 to Ethiopia and Kenya, where talks will focus on reaffirming strategic alliances in the region, though the Sudan crisis is likely to dominate the talks. While Germany has been one of the biggest financial supporters of Ethiopia, the Tigray conflict significantly strained Addis Ababa’s relations with Berlin. […]
Moroccan UM6P University and its Israeli peer Bar-Ilan agreed to cooperate in developing clean energies, notably those based on hydrogen, renewables and recycling. The resumption of ties between Morocco and Israel in late 2020 paved the way for academic cooperation between the two countries, including through exchange programs. This new partnership will enable young researchers […]
Investing in long-term gas projects in Africa as countries wrestle with powering their development with clean energy may not be a very good idea, United States’ special envoy on climate John Kerry has noted, as African countries denounce developed nations’ pledge to curb fossil fuel investment is unfair. “We are not saying no gas,” he […]
Morocco a major oil and gas importer in the MENA region has tapped into its renewable energy potential combined with the adoption of a program to boost energy efficiency to address increasing demand on electricity. The country is already leading the way in the MENA region and Africa by working to exceed the 52% renewable […]
In Nigeria, a $10 million line of credit from Renewable Energy Performance Platform (REPP) and Electrification Financing Initiative (ElectriFI) will help to boost the distribution of home solar kits. The credit line was secure by PAS Solar Limited, a British company operating in Africa’s most populous nation. With exclusive funding from the United Kingdom’s International […]
The United Kingdom has announced new funding to give more people and companies across Africa access to affordable, clean energy. The announcement was made lately by UK’s Minister for Africa, Harriett Baldwin. According to Ms. Harriett Baldwin, the new funding will see £30 million added to the Transforming Energy Access program, taking total UK investment […]