EU pledges €545m to drive Africa’s clean energy transition

MG News | September 29, 2025 at 11:11 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 29, 2025 (MLN): The European Union is committing nearly €545 million (about $638m) to renewable energy projects across Africa, a move designed to expand electricity access, reinforce regional power grids, and accelerate the continent’s transition to clean power.

European Commission President Ursula von der Leyen, in a message to the Global Citizen Festival alongside the UN General Assembly, underlined how decisions made in Africa will shape global climate progress, according to APP.

She stressed that a clean energy shift on the continent could unlock new jobs, economic growth, and stability while advancing international climate goals.

Africa holds vast renewable energy potential, yet nearly 600 million people remain without access to electricity.

The EU sees investments in clean power as critical for development, regional integration, and long-term stability.

Furthermore, the funding will be directed to projects in Ivory Coast, Cameroon, the Republic of Congo, Lesotho, Ghana, the Central African Republic, Madagascar, Mozambique, and Somalia.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,129.40 181.17M	0.42% 727.32
ALLSHR	104,191.65 603.83M	0.41% 428.92
KSE30	51,241.14 64.42M	0.48% 242.57
KMI30	246,454.99 94.71M	0.73% 1789.81
KMIALLSHR	67,599.42 401.94M	0.46% 308.48
BKTi	47,622.24 8.94M	0.30% 143.03
OGTi	35,284.97 3.57M	0.39% 135.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,100.00	87,350.00 85,770.00	-190.00 -0.22%
BRENT CRUDE	99.26	100.00 97.91	0.01 0.01%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.90 5.61%
ROTTERDAM COAL MONTHLY	137.10	137.10 137.10	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	89.82	90.52 88.71	-0.70 -0.77%
SUGAR #11 WORLD	18.36	18.58 18.26	-0.20 -1.08%