Kenyan President William Ruto has called for global reforms in finance and trade to fast-track Africa’s transition to renewable energy and green industrialisation.
Speaking on Monday at the opening of the second Africa Climate Summit in Addis Ababa, Ruto said Africa risks being left behind in the global energy transition unless governments, and financial institutions work together to mobilise capital and improve access to markets.
The president pointed to slow progress across the continent, noting that Africa added just over 4 gigawatts (GW) of renewable capacity in 2024— less than one percent of global growth.
“At stake is not just energy. It is Africa’s economic future — where climate ambition drives investment, competitiveness, and sovereignty,” Ruto said.
Advertisement
He also highlighted the continent’s trade challenges, noting that Africa accounts for less than two percent of global trade, with only 16 percent of that happening within the continent.
Ruto cited China and India as examples of nations that rapidly expanded their renewable capacity, noting that Africa can achieve similar results with stronger alignment, adequate financing, and trade cooperation.
He added that partnerships with international donors and investors remain crucial and that Africa’s self-reliance depends on strengthening homegrown institutions.
Advertisement
He urged African leaders to translate renewable energy targets into projects that create jobs, strengthen regional trade, and secure long-term prosperity on a climate-safe planet.
“Our pathway lies in trust — trust in African institutions and in our shared vision for the continent,” he added.
“No country can build competitive industries or value chains alone. But united — through our financial systems, energy networks, and trade corridors — we can anchor globally competitive green value chains.”
Advertisement
