Mauritania’s $34 Billion Green Hydrogen Project Highlights Africa’s FDI Momentum; ENGIE Energy Access Launches 15 Solar Mini-Grids and More...

Foreign direct investment (FDI) flows to Africa faced a marginal decline of 3% in 2023, totaling $53 billion, according to the latest World Investment Report released by UNCTAD on 20 June. This dip was largely influenced by Egypt and South Africa, two of the continent’s largest economies, which experienced varied FDI trends throughout the year.

ENGIE Energy Access (Africa) , Africa’s leading Pay-As-You-Go (PAYGO) and mini-grid solutions provider, has commenced the construction of 15 solar mini-grids in Zambia’s Eastern Province. This initiative is a key component of the transformative Increase Access to Electricity and Renewable Energy Production (IAEREP) programme, funded by the 11th European Development Fund and the European Union.

The International Solar Alliance (ISA) played a pivotal role at a workshop hosted by the Ministry of Energy and Hydrocarbons (MEH) in Antananarivo, the capital city of Madagascar. The workshop, themed ‘Energy Emergence through Solar Energy: Innovative Solutions for Rapid Impact Projects,’ was graced by the Minister of Energy and Hydrocarbons of Madagascar, H.E. Olivier Jean-Baptiste, and key players in the energy sector.

In a significant step toward renewable energy adoption, Mauritius inaugurated a solarising initiative at Jawaharlal Nehru Hospital on June 3, 2024. The ceremony was graced by Dr. the Hon. Kailesh Kumar Singh Jagutpal, Minister of Health and Wellness, and Hon. Georges Pierre Lesjongard, Minister of Energy and Public Utilities, alongside other dignitaries.