Business Africa
Africa is considered the powerhouse for renewable energy. According to the International Agency for Renewable Energies (IRENA), the continent’s production capacity could reach 310 gigawatts by 2030.
The African Development Bank is playing its part, supporting the growth of this sector having disbursed a budget of more than 600 million dollars to support African initiatives in hydroelectricity, wind, solar and geothermal energy.
It is particularly encouraging countries to develop mini-grids which are becoming more and more essential in terms of offering cost-effective electrification solutions in rural areas.
Ivory Coast’s floating solar power plant
And, countries like the Ivory Coast resolved to reduce their greenhouse gas emissions by 28% over the next ten years, as they explore hydroelectricity and thermal power plants.
It is the first in Africa to launch a floating solar power plant, as it counts on its many dams under construction to reach 6,600 megawatts by 2030.
For more, we speak to Patrick Tonui, the Regional Representative of the World Association for Off-grid Lighting for East Africa.
Go to video
Nigeria ex-power minister Saleh Mamman jailed 75 years for graft
01:05
Macron arrives in Ethiopia ahead of high‑level AU talks
Go to video
Africa should 'let the past be' and welcome all foreign investment, says mogul Elumelu
01:54
Africa Forward summit wraps up in Nairobi
02:09
Biogas company in eastern DRC aims to cut bills, deforestation and pollution
Go to video
'Green coal' offers Chad a cleaner and cheaper alternative to coal and wood