Trending
- Kenya-Ethiopia Trade Relations: Legislators Advocate for Policy Alignment to Boost Ties
- Visualising the state of debt in Africa 2024
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
Browsing: Global hydrogen market
- An increasing number of investors across the globe are angling for a pie of Africa’s $1 trillion hydrogen supply potential.
- By 2050, analysts project that green hydrogen could increase the GDP of six African countries including Egypt, Namibia, Mauritania, Morocco, and South Africa by $126 billion.
- In 2021, the government of Namibia announced the rollout of a green hydrogen project worth an estimated $9.4 billion.
Africa has experienced several energy transitions throughout the past few decades, from coal-powered energy to the massive adoption of electricity that still powers many industries today.
But as the continent enters a new age of renewable energy, Africa’s steady adoption of green hydrogen, a new offering in renewable energy mix has the potential to accelerate the continent’s move into energy independence.
Currently, Africa’s hydrogen supply is estimated at $1 trillion industry and an increasing number of organizations have flooded the market, trying to gain a …