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.
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
In the wake of rising gold prices, several mining companies are accelerating the development of new projects. In Zimbabwe, U.S.-based Namib Minerals...
Benin approves construction contract for Cotonou Cultural and Creative Quarter 12-hectare site to boost arts, cultural industries, and international...
Denmark’s UPF Group opens logistics office in Douala, Cameroon Move expands African footprint, targeting stronger regional service and reach Entry...
Agreement supports marine protection, funding access, and blue economy growth Draft law approved by ministers, now awaits parliamentary vote Togo...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...