APRA initiative set to boost Africa's renewable energy investment

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APRA initiative set to boost Africa's renewable energy investment

^{Published on 2025-01-13 08:21:15 - MSN}

The Accelerated Partnership for Renewables in Africa (APRA) aims to increase Africa's share of global renewable energy investment beyond its current 2% level. Seven African nations have joined forces with international partners to unlock funding and drive sustainable development across the continent.

The article from MSN discusses the African Renewable Energy Manufacturing Initiative (AREMI), a project aimed at enhancing Africa's renewable energy sector. AREMI seeks to attract investment and foster local manufacturing of renewable energy technologies across the continent. The initiative is supported by the African Development Bank (AfDB) and other partners, aiming to reduce Africa's dependency on imported energy solutions, create jobs, and promote sustainable development. It focuses on developing capabilities in solar, wind, and hydroelectric power, with plans to establish regional hubs for manufacturing and innovation. The initiative also addresses the need for policy frameworks that encourage investment in renewable energy, highlighting the potential for significant economic and environmental benefits.

Read the Full MSN Article at:
[ https://www.msn.com/en-za/money/general/apra-initiative-set-to-boost-africa-s-renewable-energy-investment/ar-BB1rmUjb ]

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