BERLIN – Chancellor Olaf Scholz announced Germany’s commitment of €4 billion towards green energy projects in Africa by 2030. This substantial investment, announced at the G20 Compact with Africa summit, underscores Germany’s engagement in supporting sustainable energy development in the African continent.
According to Africa News Agency, Chancellor Scholz detailed the focus of the investment, which includes local processing of materials, job creation, and the advancement of sustainable energy projects. This initiative is part of Germany’s broader strategy to enhance its partnership with African nations and to contribute to green and sustainable development in the region.
The investment by Germany represents a significant contribution to addressing the challenges of climate change and economic development in Africa. It highlights the importance of international collaboration in promoting sustainable energy solutions and economic growth in Africa.