Germany has pledged EUR 23.1 million (USD 24.65 million) to South Africa. The financing, orchestrated by development bank KfW on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ), is designated to advance the development of a robust green hydrogen economy in South Africa.
Egypt has announced a comprehensive set of tax incentives aimed at catalyzing investments in green hydrogen projects. Mohammed Maait, the Finance Minister, unveiled these incentives during an investment conference in Istanbul, underscoring Egypt’s commitment to green energy and environmental sustainability.
The Suez Canal Economic Zone in Egypt has solidified a transformative partnership with prominent Chinese firms, ushering in a new era of green fuel manufacturing. The $15.6 billion agreement is poised to drive sustainable energy initiatives and spark economic growth in the region.
Egypt’s Minister of Electricity and Renewable Energy, Mohamed Shaker, recently sat down with Andreas Matthe, CEO of Siemens Smart Infrastructure’s Electrical Products Business Unit. The meeting, attended by Mostafa El-Bagoury, CEO of Siemens Egypt, and Mohamed Badran, Head of Siemens Egypt’s LV and MV business, aimed to explore collaboration opportunities in Egypt’s electricity and renewable energy sector and potential investments.
Kenya Nut Company, based in Nairobi, is set to revolutionize fertilizer production by becoming the first farm globally to manufacture its sustainable fertilizer.
In recent years, green hydrogen has staged a remarkable comeback and is emerging as a linchpin in the pursuit of a climate-neutral economy. It promises to play a pivotal role, particularly in addressing emissions in challenging sectors such as transport, heating, and heavy industry, and offers a solution for inter-seasonal energy storage. This resurgence of green hydrogen, driven by both energy security and decarbonization imperatives, is now not only fostering economic opportunities but also birthing a new era of EU-Africa relations.
Mauritanian government and the European Union (EU) have come together to accelerate the development of Mauritania’s green hydrogen sector.
Egypt is positioning itself to emerge as a global hub for green hydrogen production. The country’s Oil Ministry Undersecretary for Projects, Ahmed Khalifa, has unveiled an extraordinary vision to harness Egypt’s abundant solar and water resources. This vision is backed by multi-billion-dollar projects and collaborations with major industrial players.
The quest for sustainable energy solutions has led Germany to engage in discussions with Algeria, setting the stage for a potentially significant partnership in the world of green hydrogen. According to a press release from the German Ministry of the Economy, both nations are exploring the possibility of Algeria becoming a major supplier of green hydrogen to Europe’s largest economy.
As the world races to combat climate change and transition to renewable energy sources, Algeria emerges as a key player in Europe’s quest for green hydrogen. The North African nation is on a mission to become a significant supplier of green hydrogen, addressing one-tenth of Europe’s growing demand for this eco-friendly gas produced from renewable energy.
