Public Management

COP27 : 12 Southern African countries to present an US$18 bln energy transition plan

COP27 : 12 Southern African countries to present an US$18 bln energy transition plan
Tuesday, 08 November 2022 14:02

The proposal provides for the construction of 8.4 gigawatts of renewable energy sources in twelve countries in the sub-region.

Tanzanian President Samia Suluhu Hassan will present an US$18 billion energy transition proposal in 12 southern African countries at the 27th United Nations Climate Conference (COP27), Bloomberg reported Monday, Nov. 7, citing Tanzanian Energy Minister January Makamba.

According to Bloomberg, “under the proposal, a bloc of 12 countries in the region would increase generation by about 8.4 gigawatts from sources such as solar and wind.”

The twelve countries, which include South Africa, Tanzania, Angola, Botswana, Mozambique, and Zambia, currently rely mainly on coal to generate electricity. Their power grids are connected under an initiative called the Southern African Power Pool (SAPP).

Suluhu Hassan is expected to present the energy transition proposal at a meeting of leaders of developed countries and financial institutions on the sidelines of COP27.

"It’s a very timely occasion at this COP to talk about infusing renewables into the Southern African Power Pool. […]You want us to transition? This is the opportunity,” said Minister Makamba.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Government plans a new IMF-backed growth program after a two-year suspension Talks follow high-level exchanges between Gabonese authorities and the...
Client portfolio slipped 0.4% in Q3, but remains up 10.4% year to date Equity, deposits, and lending all posted solid growth Sector remains...
CCI-Togo plans a dedicated investment fund for start-ups from 2026 Digital, agro-industry, crafts, and services are among the target...
Togo’s outstanding debt on UMOA-Titres fell to CFA1,810.5 billion in 2025 The country raised CFA411 billion, down from 2024 levels Strategy...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
05

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.