
African & Caribbean Energy Network
June 7, 2025 at 11:45 AM
Investors inject $23 billion into Africa’s clean energy projects in 5 years — IEA report
Africa’s clean energy projects attracted about $23 billion in investment between 2019 and 2024, a new report shows.
The report from the International Energy Agency (IEA) on global energy investment revealed that clean energy investment on the continent moved from $17 billion to a whopping $40 billion within the same period.
The report indicates that while clean energy and renewables are attracting investors, most investment in Africa still remains in the oil and gas sector.
Indicating a positive trend in energy investment, the IEA said global investment in the sector would rise to $3.3 trillion despite economic uncertainty across the world.
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