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African Green Industrialization Initiative

Why is it in the news?

  • Launched by African leaders during the third day of COP28.


More about the news

  • Aims to accelerate green growth in African industries.
  • Builds on the existing $4.5 billion Africa green investment from the UAE.
  • Leaders stress the importance of de-risking for green industrialization.
  • Emphasizes the need for developing long-term plans for sustainable green growth.
  • Djibouti aspires for 100% green energy.
  • Zambia highlights the importance of a shared resource pool for the continent’s benefit.
  • Aims to position Africa as a global supplier of green energy and resources.
  • Highlights the continent’s priorities for industrial transition.
  • Emphasizes the need for just and equitable partnerships.

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