{"id":58649,"date":"2023-11-21T10:16:29","date_gmt":"2023-11-21T10:16:29","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/germany-pledges-to-invest-e4-billion-in-green-energy-projects-in-africa"},"modified":"2023-11-21T10:45:58","modified_gmt":"2023-11-21T10:45:58","slug":"germany-pledges-to-invest-e4-billion-in-green-energy-projects-in-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/germany-pledges-to-invest-e4-billion-in-green-energy-projects-in-africa","title":{"rendered":"Germany pledges to invest \u20ac4 billion in green energy projects in Africa"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Chancellor Olaf Scholz said Germany should become a long-term and reliable partner to countries in Africa.<\/p>\n

The German government pledged Monday to invest four billion euros in African green energy projects until 2030, with Chancellor Olaf Scholz saying that African countries should benefit more from their wealth of raw materials.<\/p>\n

Scholz discussed the pledge at a news conference on the G20 Compact with Africa summit in Berlin. He did not mention any specific projects but said the materials used in green energy should be processed in the African nations they come from.<\/p>\n

\u201cThis creates jobs and prosperity in these countries,\u201d Scholz said. \u201cAnd the German industry gets reliable suppliers.\u201d<\/p>\n

Compact with Africa is based on an initiative launched by Germany during its chairmanship of the Group of 20 leading rich and developing nations. It aims to improve the participating countries’ economic conditions to make them more attractive for foreign private investment.<\/p>\n

\u201cAfrica is our partner of choice when it comes to intensifying our economic relations and moving toward a climate-neutral future together,\u201d he said.<\/p>\n

The Compact with Africa includes Egypt, Ethiopia, Benin, Burkina Faso, Ivory Coast, Ghana, Guinea, the Democratic Republic of Congo, Morocco, Rwanda, Senegal, Togo and Tunisia.<\/p>\n

Asked about China’s strong presence in Africa, several African leaders said the continent was open to other partnerships.<\/p>\n

\u201cPerhaps China was more audacious, perhaps they have more vision and perhaps they trusted the potential in Africa,\u201d Moussa Faki, the chairperson of the African Union Commission, said.<\/p>\n

\u201cThe African continent is open to different partnerships,\u201d he added. \u201cWe wish for you to place your trust in us, to impose less conditions and create the conditions together. …<\/p>\n

\u201cImproving governance, that\u2019s our responsibility, and therefore this shared vision could allow, I\u2019m certain of it, for a large capital that could be invested in the continent,\u201d Faki said.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Chancellor Olaf Scholz said Germany should become a long-term and reliable partner to countries in Africa. The German government pledged Monday to invest four billion euros in African green energy projects until 2030, with Chancellor Olaf Scholz saying that African countries should benefit more from their wealth of raw materials. Scholz discussed […]<\/p>\n","protected":false},"author":84,"featured_media":58648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-58649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nGermany pledges to invest \u20ac4 billion in green energy projects in Africa - Namibia<\/title>\n<meta name=\"description\" content=\"Chancellor Olaf Scholz said Germany should become a long-term and reliable partner to countries in Africa. 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