EconomyLens.com
No Result
View All Result
Thursday, August 21, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Africa could become ‘renewable superpower’, says Guterres

David Peterson by David Peterson
August 21, 2025
in Other
Reading Time: 5 mins read
A A
0
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

Angolan President Joao Lourenco (L) greets UN Secretary-General Antonio Guterres (R) during the 9th Tokyo International Conference on African Development in Japan. ©AFP

Yokohama (Japan) (AFP) – Africa has everything it takes to become a “renewable superpower,” UN head Antonio Guterres said Thursday, as he called for greater investment in green energy across the resource-rich continent. Guterres spoke at a three-day development conference in Japan attended by African leaders, where Tokyo is offering itself as an alternative to China as African nations reel from a debt crisis exacerbated by Western aid cuts, conflict, and climate change.

Related

German firm gives ‘second life’ to used EV batteries

Asian markets creep up as investors await key speech

Stock markets diverge awaiting Fed signals as tech sell-off deepens

Markets waver as Japan exports show tariff strain

‘Call of Duty’, ‘Black Myth’ wow Gamescom trade show

“We must mobilise finance and technology, so that Africa’s natural wealth benefits African people. We must build a thriving renewables and manufacturing base across the continent,” Guterres said at the Tokyo International Conference on African Development (TICAD). “Green power in Africa lowers energy costs, diversifies supply chains, and accelerates decarbonisation for everyone.”

China has invested heavily in Africa over the past decade, with its companies there signing deals worth hundreds of billions of dollars to finance shipping ports, railways, roads, and other projects under Beijing’s Belt and Road global infrastructure initiative. However, new lending is drying up, and developing countries are grappling with a “tidal wave” of debt to both China and international private creditors, the Lowy Institute, an Australian think tank, said in May.

African countries have also seen Western aid slashed, particularly due to President Donald Trump’s dismantling of the US Agency for International Development (USAID). Guterres warned in his speech in the Japanese port city of Yokohama that “debt must not drown development,” and that Africa needed increased concessional finance and greater lending capacity from multilateral development banks. He also urged greater investment in climate solutions.

“Africa has everything it takes to become a renewable superpower, from solar and wind to the critical minerals that power new technology,” he stated. Attendees at TICAD included Nigerian President Bola Tinubu, South African President Cyril Ramaphosa, and Kenyan President William Ruto. Ruto said on social media platform X that Kenya was in talks with Japanese automaker Toyota for the provision of 5,000 “e-mobility vehicles” as part of the country’s “commitment to clean energy.”

In his opening address at the forum on Wednesday, Japan’s Prime Minister Shigeru Ishiba announced a plan to train 30,000 people in artificial intelligence in Africa over three years and to study the idea of a Japan-Africa Economic Partnership. Before the meeting kicked off, Ishiba also announced a vision for a distribution network that links African and Indian Ocean nations. Both Tinubu and Ramaphosa, speaking on X, said they wanted a shift from aid to investment partnerships.

© 2024 AFP

Tags: Africaclimate changerenewable energy
Share8Tweet5Share1Pin2Send
Previous Post

German firm gives ‘second life’ to used EV batteries

Next Post

Markets mixed as investors await key Fed speech

David Peterson

David Peterson

Related Posts

Other

Games industry in search of new winning combo at Gamescom 2025

August 19, 2025
Other

Stocks under pressure as Zelensky-Trump talks underway

August 19, 2025
Other

Air Canada flight attendants face new pressure to end strike

August 18, 2025
Other

Stocks mixed ahead of Trump-Zelensky talks

August 18, 2025
Other

Games industry in search of new winning combo at Gamescom 2025

August 18, 2025
Other

Tourism deal puts one of Egypt’s last wild shores at risk

August 18, 2025
0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Markets mixed as investors await key Fed speech

August 21, 2025

Africa could become ‘renewable superpower’, says Guterres

August 21, 2025

German firm gives ‘second life’ to used EV batteries

August 21, 2025

Asian markets mixed as investors await key speech

August 21, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.