Africa’s Green Economy Summit (AGES) saw speaker after speaker reference the vast opportunities on the continent to invest in sustainable renewable energy projects. Firstly, would-be investors say there aren’t enough projects in Africa from an infrastructure perspective and certainly not enough sustainability-linked ones. The company is tracking 452 ongoing and committed infrastructure projects representing more than $450 billion in investment. “WAPP’s needs are very different to SAPP’s [Southern African Power Pool]. Low and constantly downgrading credit ratings for African countries mean higher interest and insurance rates are being charged for African infrastructure projects.

Source: The North Africa Journal July 07, 2023 15:02 UTC