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China positioned to lead Africa’s renewable energy revolution

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China is positioned to spearhead Africa’s transition to renewable energy, according to a recent report from Boston University’s Global Development Policy Center and the African Economic Research Consortium.

  • Beijing has emerged as the continent’s biggest bilateral trading partner since the start of the century.

  • In 2022, fossil fuels accounted for around 75% of total electricity generation in Africa and about 90% of energy consumption.

  • “…African countries are not yet receiving the full benefits of renewable energy technologies,” the report said.

Angola’s President Joao Lourenco, left, shakes hands with Chinese President Xi Jinping during the Forum on China-Africa Cooperation held at the Great Hall of the People in Beijing September 3, 2018.

With China’s significant investments and expertise in renewable technologies, the continent could see a substantial shift towards cleaner energy sources, reports Reuters.

The report highlights China’s increasing role in Africa’s energy landscape, noting its investments in solar, wind, and hydropower projects across the continent.

Lending investment

These investments not only aim to bolster Africa’s energy infrastructure but also foster economic growth and sustainability.

As Africa faces challenges like energy access and climate change, China’s involvement offers potential solutions.

By harnessing renewable energy, African nations can reduce reliance on fossil fuels, mitigate environmental impact, and meet growing energy demands sustainably.

 

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Apple’s iPhone 16 event puts AI back into the spotlight

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Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

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Leaders

Philadelphia prepares for the first debate between Harris & Trump

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Philadelphia is bracing for a pivotal political showdown as it prepares to host the highly anticipated debate between Vice President Kamala Harris and former President Donald Trump.

The debate is seen as a critical moment in shaping public opinion ahead of the upcoming elections, drawing intense media coverage and public interest. #featured #trending

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