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    Home » Masdar to develop 5GW of renewable energy projects for Africa
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    Masdar to develop 5GW of renewable energy projects for Africa

    January 19, 2023
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    Masdar is committed to helping African nations transition to clean energy by signing agreements during Abu Dhabi Sustainability Week (ADSW) 2023 with three countries – Angola, Uganda, and Zambia – to develop renewable energy projects totaling up to 5 gigawatts (GW).

    Masdar to develop 5GW of renewable energy projects for AfricaAgreements were signed under the Etihad 7 initiative, a UAE-led initiative that seeks to raise public- and private-sector funds for African renewable energy development. Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan, Minister of State, launched Etihad 7 at ADSW 2022. This was in order to provide 100 million people with clean electricity by 2035 through the development of 20GW of capacity.

    Among the agreements signed at ADSW 2023 under the Etihad 7 umbrella are: an agreement with Angola’s Ministry of Energy and Water for the development of renewable energy projects with a total capacity of 2 GW; an agreement with Ugandan Energy and Mineral Development for the development of 1 GW of greenfield renewables; and an agreement with Zambia’s Ministry of Energy and ZESCO Limited to develop solar, wind, and hydroelectricity projects.

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    Japan posts record July trade as imports outpace exports

    August 21, 2026

    July marked the second consecutive monthly record for imports by value. Crude oil played a major role in the increase as Japan faced higher energy costs. Crude import volumes rose 5.5% from July 2025, ending three months of year-on-year declines. The value of those crude shipments jumped 87.8% over the same period. Japan remains heavily dependent on imported energy, making changes in oil prices and exchange rates important factors in its merchandise trade figures.
    Exports also reached an all-time monthly high and extended their year-on-year growth streak to 11 months. The 23.2% increase followed a 19.3% rise in June. Demand for semiconductor-related products remained strong, supported by investment connected with artificial intelligence and data centres. A weaker yen also raised the yen value of overseas sales and made Japanese products cheaper for some foreign buyers. The export performance exceeded the pace recorded during the previous month.

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