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President of the African Development Bank Akinwumi Adesina (L) is welcomed by German Chancellor Olaf Scholz at the Chancellery in Berlin on November 20, 2023, as he arrives to attend the G20 Compact with Africa conference.

President of the African Development Bank Akinwumi Adesina (L) is welcomed by German Chancellor Olaf Scholz at the Chancellery in Berlin on November 20, 2023, as he arrives to attend the G20 Compact with Africa conference.

Photo by ODD ANDERSEN/AFP via Getty Images.

Germany Commits €4 Billion for African Green Energy Projects by 2030

Chancellor Olaf Scholz announced a €4 billion investment in African green energy at the G20 Compact with Africa summit. The focus is on local processing of materials, job creation, and sustainable energy development.