
African & Caribbean Energy Network
June 17, 2025 at 08:08 AM
Gulf Cooperation Council (GCC) nations – notably, the UAE, Saudi Arabia and Qatar – are transitioning from fossil fuel exporters to strategic investors in Africa’s clean energy future. As China scales back its role as Africa’s leading financier, Gulf sovereign wealth funds and private investors are accelerating their presence across the continent.
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From 2012 to 2022, GCC countries invested more than $100 billion in Africa, led by the UAE with $59.4 billion, followed by Saudi Arabia at $25.6 billion and Qatar with $7.2 billion, according to African Export-Import Bank (Afreximbank)'s December 2024 report. These investments are reshaping Africa’s energy partnerships, blending economic ambition with geopolitical influence.
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