How can Africa fund its $3 trillion green transition?

Published: Jan. 24, 2023, 2 a.m.

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It\\u2019s estimated that Africa needs $3 trillion to transition to green energy \\u2013 and that it needs to do it fast.

Surely that\\u2019s impossible? After all, multinational development banks \\u2013 like the World Bank \\u2013 which traditionally lead on this type of investment hold just $1.5 trillion dollars of investment potential.

But today\\u2019s guest on Africa Daily argues that it can be done, saying the continent\\u2019s natural capital \\u2013 like wind, sun and hydro - could be worth $4.6 trillion by 2030.

Alan Kasujja speaks to Dr Hubert Danso, one of a group of financiers in Africa who, between them, control billions of dollars of investments across the continent.

\\u201cWe should be asking ourselves how can we position Africa, with all of its natural and human resources, to be able to be a major manufacturing player which is one of the largest and greatest growth opportunities of our generation.\\u201d

This audio was updated on 24th January 2023.

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