Africa offers private sectors investment opportunities in green development area

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By Nada Ali
Professor Kevin Urama during the launch of African Economic Outlook 2023.
Image Credits to AfDB

Africa offers the private sector trillion-dollar investment opportunities in green development sectors, including climate and green growth, said Kevin Urama, vice president of the African Development Bank Group (AfDB) on Wednesday.

These opportunities are ranging from climate-smart and low carbon technology to energy-efficient buildings, climate-resilient, infrastructure and electric vehicles, Urama added.

Urama revealed data shows that agriculture market size is projected at $1 trillion in 2030, total Information and Communications Technology projected at $104.2 billion in 2030, and transport annual growth projected to rise by 22 percent in 2030.

These announcements came during the African Development Bank Group’s (AfDB) annual meetings 2023, taking place in Sharm El Sheikh city.

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