Tag is: History of Africa

‘The world is moving away from fossil fuels’: Gulf oil investors turn to Africa’'s renewable energies

by the Logistics TransportIn the the General Assembly

Investors are enriched by the wealth of the Middle East’ Oil and GasAfrica is increasingly turning to ’'s clean energy sector. They are attracted by rising electricity demand, rapid urbanization and the continent's growing role in critical minerals and manufacturing-dependent global supply chains.

A report released last month by the Clean Air Task Force revealed that more than $101.9 billion (88.8 billion euros) has flowed into Africa’'s renewable energy sector by the end of 2024 from Gulf countries led by the United Arab Emirates, Saudi Arabia, Qatar, Kuwait and Bahrain.

Sovereign wealth funds and state-sponsored companies in the Middle East’ are unlikely to reduce these renewable energy investments despite disruptions in the global economy. the Iranian WarAnalysts say this is the case, given the strong long-term economic and strategic reasons driving this type of financing.

Most of the investment was concentrated in North Africa, South Africa and East Africa, while West Africa received relatively limited funding.

Matthew Tilleard, managing director of Nairobi-based CrossBoundary Energy, which develops and operates renewable energy projects, said “Africa remains one of the few regions where demand growth is clear.

Short-term shocks can delay individual transactions, but the biggest infrastructure opportunities require a long-term view of risk and value.“

Africa is facing one of the world's largest electricity deficits. Around 600 million people across the continent still lack access to electricity, and many more face unreliable sources.

FILE – CP solar technician Mark Munyua inspects solar panels on the roof of a company in Nairobi, Kenya, September 1, 2023.

Iran war strengthens Africa’'s renewable energy sources

Governments are increasingly turning to private investors to help finance The Sun (film)Wind and hybrid energy projects to expand production capacity without over-exerting public finances. This gap has created opportunities for Gulf investors looking for diversity beyond oil and gas.

Oxford Economics’ten political analyst Louw Nelson, “After all, Gulf investments in Africa’ are driven by pragmatic national interests and strategic returns, ” says.

“Across Africa, significant energy investment is currently underway, with many years of long-term projects under construction, so we don't expect major disruptions.”

Foreign investments the Renewable EnergyIt forms part of broader strategies among Middle Eastern countries to diversify their economies and adapt to global change towards cleaner energy.

Europe is also competing to gain influence Africa’'s energy sector. As part of AB’'s Global Gateway sustainable infrastructure initiative, €618 million was pledged at ’te in October 2025 for the dissemination of renewable energy sources, particularly in Africa’.

Energy and development analyst Joab Okanda says cuts in oil and gas shipments due to the war with Iran’ could strengthen the situation for renewable energy investments as it shows how sensitive such supply routes can be.

Many of these state-owned companies have significant capital, but they also understand that the world is slowly moving away from the state. Category: Fossil fuelsOkanda says: “ Investing in renewable energy allows them to diversify their portfolio and position themselves for the energy systems of the future.”

Renewable resources and minerals shape Africa’'s energy sector

Africa’'s energy sector is at the heart of many global economic changes, including energy transformation and growing energy demand. Category: Mineralsused in many high-tech products such as cobalt and gold.

Tilleard, “Renewable energy projects for investors can provide strategic access to sectors beyond electricity generation, ” says.

Power plants or large industrial operations built to supply “Madens can position Arab investors close to their supply chains. Category: MineralsUsed in batteries and other technologies.”

Okanda says perceived risks, including currency volatility and policy uncertainty, especially in West Africa, continue to shape where such investors invest.

In the Okan, “, generating power is only part of the equation, ” says. “You also need transmission systems and a functioning electricity market where electricity can actually be sold and paid for.”

China-Africa Cooperation Forum opens in Beijing

by the Logistics TransportIn the Category: Logistics

the Forum Opening People of China⁇ in Head of State the Xi Jinpingas well as the leaders of the visiting African countries and the Secretary-General of the United Nations Antonio Guterres He spoke to me.

President Xi, in his speech, started in 2000. the China-Africa Cooperation Forumof the ⁇ (The FOCAC), China is a turning point in its relations with African countries, that cooperation has brought tangible gains to the lives of billions of ordinary Chinese and Africans in the last 24 years, and that they are protecting the legitimate rights and interests of their countries at a time of transformations seen in the world once a century.

Stating that China-Africa relations are in the best period of history, Xi said that bilateral relations with all of Africa ⁇The Strategic Relationshipto the level of ⁇ , and the general characterization of China-Africa relations ⁇China-Africa community sharing common future for the new era under all circumstancesHe suggested that they define it as ⁇ .

Xi said that modernization is the indispensable right of all countries, that the Western approach to modernization causes suffering in developing countries, 2. He noted that third world countries such as China and African countries, which gained their independence after World War II and are on the way to development, are trying to eliminate the historical injustices of the modernization process.

Pointing out that the total population of China and Africa accounts for one third of the world's population, Xi said, ⁇There can be no global modernization without modernization. The joint modernization of China and Africa will create a new wave in the Global South, a new era of community building that shares a common future.He said ⁇ .

The Chinese leader has 10 items in the fields of industry, trade, infrastructure, development cooperation, health, agriculture, livelihood, cultural interaction, green transformation and security for the modernization of Africa.the Joint Action⁇ proposed the plan.

⁇ China's big market will turn into Africa's big opportunity ⁇

Stating that China will make a first among the big economies and reset customs tariffs with the least developed countries, including 33 African countries, so that it will open its market more externally, Xi said that China's big market will turn into Africa's big opportunity.

Xi, China will develop industrial supply chain cooperation with Africa, the Sino-African Economy and the the Trade Cooperation Pilot ZoneHe announced that he would promote the formation of ⁇ , implement a program to strengthen small and joint-scale companies, and launch 20 sample projects for digital technology collaboration.

Emphasizing that China will continue to support Africa in the field of infrastructure, Xi said that it will carry out 30 infrastructure and connectivity projects to promote high-quality Belt and Road cooperation, as well as improve logistics and financial cooperation to contribute to the formation of interregional connections that will support the development of the African Continental Free Trade Zone.

⁇ Small but beautiful ⁇ subsistence support projects

Xi has a thousand ⁇ in Africa to deepen cooperation within the scope of the Global Development InitiativeSmall but beautiful⁇ stated that they will implement the subsistence support project.

Stating that they are ready to establish a network of hospitals and common health centers with Africa in the field of health, Şi said that they will send 2,000 health personnel to Africa, encourage Chinese companies to invest in Africa's pharmaceutical industry, and support the development of the African Center for Disease Control and Prevention and the fight against epidemics.

Xi announced that they will provide Africa with 1 billion yuan ($140 million) of emergency food assistance, create 6,670 hectares of standard agricultural land, and implement 500 programs for the livelihood and welfare of rural communities.

Stating that China will carry out 30 clean energy projects in Africa, Xi said that they will help to establish systems for weather forecasting, early warning, disaster prevention and remediation and protection of biodiversity, and that they will launch a forum for peaceful use of nuclear energy.

$50.6 billion in financing over three years

The Chinese leader stated that they will provide 360 billion yuan ($50.6 billion) of financing to the continent over the next 3 years for these joint actions, of which 210 billion yuan ($29.6 billion) will be transferred as loans, 80 billion yuan ($11.2 billion) as aid and 70 billion yuan (9.8 billion yuan) as investments by Chinese companies.

It is Þi, Africa's Future-Vocational Education Cooperation Plan He stated that they will establish an engineering technology academy and 10 of the Luban Workshops, China's vocational training centers abroad, and create 60,000 educational opportunities, mostly for women and children.

Stating that they will share experience in the field of state administration with African countries, Xi said that they will establish 25 research centers on the continent and invite a thousand politicians and state officials from different countries to China.

Xi stated that China wants to improve cooperation with Africa within the scope of the Global Security Initiative and announced that they will donate 1 billion yuan (140 million dollars) of military aid to African countries, train 6,000 military personnel, 1,000 police and law enforcement officers, and invite 500 young officers to China.

From the struggle against colonialism to the non-alignment movement

The FOCAC team Chairman of the African Presidency Senegal ⁇ in Bassirou Diomaye Faye At a time when the world is facing war, violence, extremism and prolonged economic and social crises, he underlined the importance of the forum's focus on the theme of modernization, the ideal of achieving common goals.

Pointing out that the FOCAC cooperation produces positive results in agriculture, vocational education, water resource management, industry, health and other strategic areas, the Senegalese leader emphasized that the China Belt and Road Initiative also contributes greatly to the construction of Africa's infrastructure and transportation networks.

Stating that African countries were the first countries to provide vaccines and protective clothing during the Covid-19 pandemic and that they did not forget their support at the darkest moment, Faye said that China helped establish the African Center for Disease Control and Prevention and supported the continent to develop its capacity to fight infectious diseases.

Pointing out that Africa and China have a tradition of friendship and solidarity that goes back to the struggle against colonialism and the non-alignment movement, Faye said that they support the global development, security and civilization initiatives led by China in the new period.

⁇ Afrika ⁇ needs Çin ⁇

Republic of Mauritania President and Chairman of the African Union Mohammad al-Waled Ghazvani Peace and development of the China-Africa partnership.It sets an example for South-South cooperation.⁇ highlighting that he noted:

Given the internal problems facing the African continent today and the devastating consequences of economic, security and environmental crises, it needs China's support to weep for security and stability, promote economic growth and make its voice heard in international forums.