The Nigerian Investment Promotion Commission (NIPC) says its pioneer status incentive (PSI) programme has attracted investments worth N386 billion from a total of 37 companies. Lovina Kayode, Head of the Incentive Administration unit, highlighted that the commission has successfully secured 386 billion Naira in investment from 37 companies granted the pioneer status incentive, leading to […]
Nigeria Drives Economic Diversification with $2.7bn Non-Oil Exports in H1 2024
The Nigerian Export Promotion Council’s (NEPC) 3rd Annual Conference emphasized Nigeria’s drive to harness non-oil export potential as a cornerstone for national economic growth. Themed “Promoting Non-Oil Export for Rapid National Economic Growth,” the event gathered policymakers and industry leaders in Abuja to strategize on positioning Nigeria in the global trade arena. At the conference, […]
African Group of Negotiators Demands Urgent Action at COP29 to Address Africa’s Climate Crisis
The African Group of Negotiators (AGN), led by Ambassador Ali Mohamed, has issued a clarion call for substantial and immediate climate action as COP29 unfolds in Baku. Representing 54 African nations, the AGN highlighted Africa’s acute vulnerability to climate impacts and set forth key demands aimed at securing the continent’s future in the face of […]
World Leaders Voice Support for Renewable Partnership in Africa At COP29
Deploying renewable energy is crucial for Africa, not only to achieve its climate targets, but also to meet its socio-economic and sustainable development objectives. However, despite being endowed with abundant renewable energy and critical material resources, the continent’s energy transition has yet to gain significant momentum. New innovative, partnership models, like APRA, the Accelerated Partnership […]
Africa’s Strong Stand at COP29 – Demands for Equitable Climate Finance
As world leaders gather in Baku, Azerbaijan, for the 29th Conference of the Parties (COP29), Africa is asserting a powerful stance on climate finance and adaptation. In a global press briefing today, Amb. Ali Mohamed, Kenya’s Special Envoy for Climate Change and Chair of the African Group of Negotiators (AGN), outlined Africa’s expectations and pressing […]
NDCs 3.0 a ‘Make or Break’ for Global Goal to Triple Renewables by 2030
Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to IRENA’s World Energy Transitions Outlook 2024. Released at the opening of the UN Climate Conference COP29 in Baku, Azerbaijan, the Agency’s 1.5°C Scenario outlines a net-zero path by […]
KenGen: Powering Kenya’s Green Energy Future
As Kenya’s largest electricity producer, Kenya Electricity Generating Company PLC (KenGen) is driving the nation’s green energy revolution with a focus on sustainable development. By tapping into diverse renewable and clean energy sources—including geothermal, hydroelectric, wind, and thermal—KenGen is not only powering Kenya’s homes and industries but is also setting a benchmark for renewable energy […]
Empowering Nigeria’s Deprived Regions: Renewable Energy as the Key to Economic Transformation
The dinner session at the 30th Nigerian Economic Summit (NESG), held in collaboration with the Embassy of the Kingdom of the Netherlands, focused on the urgent need for renewable energy solutions to transform deprived communities in Nigeria. The session themed “Catalyzing Economic Transformation by Scaling Renewable Energy Solutions in Deprived Climes,” highlighted practical solutions to […]
Collaboration, Innovation key to Africa’s Clean Energy Transition
WHILE Africa possesses significant renewable energy potential, there is need for more action from the continent’s leaders and partners to harness clean power for development, growth and resilience, a renewable energy expert has said. Addressing delegates at the Investment Forum for the Accelerated Partnership for Renewables in Africa (APRA), in Nairobi, Kenya, on Monday, Renewable […]
Africa’s renewable energy future: inaugural Apra forum unlocks investment
In an ambitious effort to unlock funding and accelerate renewable energy development across the continent, the first-ever Investment Forum for Accelerated Partnership for Renewables in Africa (Apra) held in Nairobi, Kenya, and convened yesterday. This landmark forum aims to bolster the continent’s contribution to global green energy investment as it receives less than 2% of […]