
Climate Finance Is Becoming Africa's Industrial Strategy
Climate finance is becoming a contest for batteries, minerals, exports and industry. Morocco, South Africa, Egypt and Nigeria show what is at stake.


Climate finance is becoming a contest for batteries, minerals, exports and industry. Morocco, South Africa, Egypt and Nigeria show what is at stake.

Blended finance set records in 2025, mobilising $8.40 per dollar of MIGA guarantees and reaching $18.7 billion globally. Yet it still represents less than 0.5% of annual climate finance needs. Why has it failed to close Africa's energy investment gap?

Africa's borrowing costs are three times Europe's. The African Credit Rating Agency is the first institution designed to challenge that. ETA explains what AfCRA is and what it could mean for clean energy.

Nigeria’s oil sector employs just 0.01% of the workforce, while many African economies remain heavily dependent on fuel imports. A new report argues six decades of extraction failed to deliver broad development. ETA examines the evidence and the limits of the proposed solutions.

Africa is building renewable energy, but grid congestion means much of it cannot be used, creating new risks for investment and system reliability.

The second Africa Climate Summit in Addis Ababa closed with bold headlines: African leaders committed to mobilise $50 billion a year for climate solutions through a new Climate Solutions Initiative....

Today, I am attending the opening of the Africa Climate Summit in Addis Ababa, Ethiopia, and one issue is already at the centre of my reflections: Africa’s climate finance is stuck in debt mode....

From Abuja to Kinshasa, the tone of Africa’s energy debates is shifting. For decades, the continent’s mineral wealth was extracted and exported with little local value. Fossil fuels promised...

At first glance, Africa’s energy transition looks as though it is finally gaining speed. Solar imports are at record highs, wind farms are sprouting across the Sahel, and hydro projects are being...

In the heart of Africa, a paradox unfolds. A continent so rich in renewable resources, from sun to wind and lithium to cobalt, is simultaneously suffocating under the weight of financial obligations...