The Prague Post - Africa could become 'renewable superpower', says Guterres

EUR -
AED 4.283399
AFN 77.711937
ALL 96.60713
AMD 448.793758
ANG 2.087735
AOA 1069.537084
ARS 1699.924762
AUD 1.795784
AWG 2.102335
AZN 1.981338
BAM 1.955345
BBD 2.353943
BDT 142.346913
BGN 1.95639
BHD 0.439671
BIF 3444.684549
BMD 1.166344
BND 1.513142
BOB 8.076088
BRL 6.304671
BSD 1.168723
BTN 102.872647
BWP 15.66136
BYN 3.98134
BYR 22860.34033
BZD 2.350544
CAD 1.636748
CDF 2571.788658
CHF 0.924322
CLF 0.028576
CLP 1121.031139
CNY 8.312591
CNH 8.309197
COP 4498.250161
CRC 586.66615
CUC 1.166344
CUP 30.908113
CVE 110.238903
CZK 24.307543
DJF 208.120732
DKK 7.468368
DOP 73.913136
DZD 151.463714
EGP 55.429093
ERN 17.495158
ETB 173.708023
FJD 2.680148
FKP 0.869256
GBP 0.868326
GEL 3.152088
GGP 0.869256
GHS 12.534033
GIP 0.869256
GMD 83.976721
GNF 10141.642671
GTQ 8.951881
GYD 244.472127
HKD 9.059903
HNL 30.694865
HRK 7.534463
HTG 153.273716
HUF 389.694208
IDR 19322.469395
ILS 3.859187
IMP 0.869256
INR 102.568865
IQD 1531.037561
IRR 49059.339303
ISK 141.815409
JEP 0.869256
JMD 187.826342
JOD 0.826952
JPY 175.414622
KES 150.947864
KGS 101.997173
KHR 4703.886461
KMF 492.78065
KPW 1049.709545
KRW 1658.325233
KWD 0.356913
KYD 0.973969
KZT 628.721164
LAK 25360.778969
LBP 104658.921685
LKR 353.846235
LRD 213.869371
LSL 20.379901
LTL 3.443911
LVL 0.705509
LYD 6.343498
MAD 10.68737
MDL 19.710165
MGA 5198.79159
MKD 61.611244
MMK 2449.133229
MNT 4192.336474
MOP 9.349787
MRU 46.739336
MUR 52.520943
MVR 17.84785
MWK 2026.528952
MXN 21.450621
MYR 4.929009
MZN 74.541439
NAD 20.380075
NGN 1715.271912
NIO 43.010003
NOK 11.732451
NPR 164.596741
NZD 2.032867
OMR 0.448478
PAB 1.168723
PEN 3.95728
PGK 4.984841
PHP 67.911583
PKR 330.850379
PLN 4.239669
PYG 8295.107441
QAR 4.259992
RON 5.08829
RSD 117.180257
RUB 94.679187
RWF 1696.405687
SAR 4.374327
SBD 9.607609
SCR 16.309215
SDG 701.541385
SEK 10.992126
SGD 1.50933
SHP 0.87506
SLE 26.965613
SLL 24457.647744
SOS 667.944743
SRD 45.972642
STD 24140.963775
STN 24.494307
SVC 10.226579
SYP 15164.618689
SZL 20.373177
THB 38.141753
TJS 10.781348
TMT 4.082204
TND 3.412492
TOP 2.731692
TRY 48.937294
TTD 7.927123
TWD 35.67554
TZS 2875.037805
UAH 48.777862
UGX 4085.032961
USD 1.166344
UYU 46.788924
UZS 14212.696393
VES 234.688977
VND 30730.828929
VUV 142.922898
WST 3.276253
XAF 655.804564
XAG 0.022457
XAU 0.000274
XCD 3.152103
XCG 2.106301
XDR 0.81561
XOF 655.801754
XPF 119.331742
YER 278.636751
ZAR 20.194315
ZMK 10498.494704
ZMW 26.500727
ZWL 375.562258
  • RBGPF

    0.0000

    79.09

    0%

  • CMSC

    0.3801

    24.1

    +1.58%

  • CMSD

    0.2000

    24.29

    +0.82%

  • SCS

    -0.0100

    16.55

    -0.06%

  • BCC

    0.1900

    71.03

    +0.27%

  • JRI

    -0.0100

    13.77

    -0.07%

  • VOD

    0.1900

    11.67

    +1.63%

  • NGG

    1.0500

    76.95

    +1.36%

  • RYCEF

    -0.3900

    14.91

    -2.62%

  • RELX

    0.0100

    45.23

    +0.02%

  • RIO

    -0.7300

    68.02

    -1.07%

  • GSK

    0.1400

    43.91

    +0.32%

  • BTI

    0.4800

    51.62

    +0.93%

  • BCE

    0.5700

    24.26

    +2.35%

  • AZN

    0.8600

    84.69

    +1.02%

  • BP

    0.3500

    33.13

    +1.06%

Africa could become 'renewable superpower', says Guterres
Africa could become 'renewable superpower', says Guterres / Photo: Franck ROBICHON - POOL/AFP

Africa could become 'renewable superpower', says Guterres

Africa has everything it takes to become a "renewable superpower", UN head Antonio Guterres said Thursday, as he called for greater investment in green energy across the resource-rich continent.

Text size:

Guterres spoke at a three-day development conference in Japan attended by African leaders, where Tokyo is offering itself as an alternative to China as African nations reel from a debt crisis exacerbated by Western aid cuts, conflict and climate change.

"We must mobilise finance and technology, so that Africa's natural wealth benefits African people, we must build a thriving renewables and manufacturing base across the continent," Guterres said at the Tokyo International Conference on African Development (TICAD).

"Green power in Africa lowers energy costs, diversifies supply chains and accelerates decarbonisation for everyone."

China has invested heavily in Africa over the past decade, with its companies there signing deals worth hundreds of billions of dollars to finance shipping ports, railways, roads and other projects under Beijing's Belt and Road global infrastructure initiative.

But new lending is drying up, and developing countries are grappling with a "tidal wave" of debt to both China and international private creditors, the Lowy Institute, an Australian think tank, said in May.

African countries have also seen Western aid slashed, in particular due to President Donald Trump's dismantling of the US Agency for International Development (USAID).

Guterres warned in his speech in the Japanese port city of Yokohama that "debt must not drown development" and that Africa needed increased concessional finance and greater lending capacity from multilateral development banks.

He also urged greater investment in climate solutions.

"Africa has everything it takes to become a renewable superpower, from solar and wind to the critical minerals that power new technology," he said.

Attendees at TICAD included Nigerian President Bola Tinubu, South African President Cyril Ramaphosa and Kenyan President William Ruto.

Ruto said on social media platform X that Kenya was in talks with Japanese automaker Toyota for the provision of 5,000 "e-mobility vehicles" as part of the country's "commitment to clean energy".

In his opening address at the forum on Wednesday, Japan's Prime Minister Shigeru Ishiba announced a plan to train 30,000 people in artificial intelligence in Africa over three years and to study the idea of a Japan-Africa Economic Partnership.

Before the meeting kicked off, Ishiba also announced a vision for a distribution network that links African and Indian Ocean nations.

Both Tinubu and Ramaphosa, speaking on X, said they wanted a shift from aid to investment partnerships.

L.Hajek--TPP