Africa Outlook

SDG 7 Initiative to bring more green energy to Africa

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THE UN Economic Commission for Africa and investment firm PIMCO

– in associatio­n with Africa50, the Developmen­t Bank of Southern Africa and Nigeria Sovereign Investment Fund – recently announced the SDG 7 Initiative, a program designed to bring more clean energy to Africa.

The project is named for its link to the seventh Sustainabl­e Developmen­t Goal for clean and affordable energy. It has already begun scoping out clean energy investment opportunit­ies in several countries, including Senegal, Morocco and South Africa.

The overall objective of the initiative is to add an extra 10,000 MW to Africa’s electricit­y in the form of clean energy by 2025 – this includes solar, wind, hydro and geothermal energy.

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