UAE announces $4.5bn finance initiative for African clean energy 

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Tue, 2023-09-05 10:05


RIYADH: The UAE will give $4.5 billion to Africa’s clean energy initiatives, COP28 President-designate Sultan Al-Jaber said on Tuesday as he urged the continent to set out long-term transition plans. 

Speaking at the African Climate Summit in Nairobi, the high-ranking UAE politician revealed the money would come from the country’s public and private sector, with Abu Dhabi Fund for Development, Etihad Credit Insurance, Masdar, and AMEA Power notable contributors. 

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