UAE Reaffirms Investment Drive in Africa’s Energy and Trade Sectors

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United Arab Emirates has emerged as Africa’s largest single-country investor in recent years, committing more than USD 110 billion across the continent between 2019 and 2023, with over USD 70 billion directed to energy, green and renewable sectors.

This scale of capital — the highest by any country in that period — signals a long-term bet on Africa’s growth, anchored on the view that reliable energy access underpins industrialisation and economic diversification.Momentum is also building around clean energy financing.

Under the Africa Green Investment Initiative, USD 4.5 billion has been mobilised for more than 60 projects spanning solar, wind, geothermal, battery storage and green hydrogen.

Complementing this, Masdar’s USD 10 billion Africa programme and the Etihad 7 initiative aim to help expand electricity access to up to 100 million people by 2035, targeting structural power deficits and new generation capacity.

Against this backdrop of deepening economic ties, Sheikh Shakhbout bin Nahyan Al Nahyan, Minister of State, participated in the 39th Ordinary Session of the African Union Summit in Addis Ababa, Federal Democratic Republic of Ethiopia.

Source: Wikipedia