Chapa Dimba Champions Head to London

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Chapa Dimba Champions Head to London

Special Correspondent - May 11, 2018

Chapa Dimba Na Safaricom winners aboard to London Kapenguria Heroes from West Pokot and Plateau Queens from Kisumu; winners of the Inaugural edition of...

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The Africa’s Green Economy Summit (AGES) 2026 opened its doors in Cape Town today, marking a pivotal moment in the continent's economic trajectory. Convening a powerful coalition of policymakers, financiers and innovators, the summit signals a decisive shift from conceptual ambition to concrete, bankable action in the pursuit of a sustainable African future. Under the banner of "From Ambition to Action: Scaling Opportunities in Africa's Green and Blue Solutions," AGES 2026, proudly sponsored by Sanlam Investments, is not merely a forum for discussion but a catalyst for deal-making and partnership. The gathering is built on a singular premise, that Africa’s environmental challenges are, in fact, its greatest economic opportunities. “Ambition lights the path, but it does not pave it. To transform our economies and uplift our communities, we must move beyond rhetoric to robust execution,” said Lerato Mbele, Summit Moderator. “This summit is a marketplace of ideas where we connect visionaries with investors, ensuring that Africa’s green transition is not just sustainable, but also scalable and profitable.” The strategic focus of this year’s agenda is underpinned by compelling data. The summit is shining a spotlight on the blue economy, a colossal yet often under-leveraged asset that already injects nearly $300 billion annually into the continent’s GDP and sustains 46 million livelihoods through fisheries, tourism and logistics. Simultaneously, the green economy, with agriculture and renewable energy at its core, is projected to unlock a staggering $10 trillion in global business value over the next decade, positioning Africa to generate an estimated 300 million new jobs for its burgeoning youth population. These are not distant prospects, but immediate frontiers for investment and innovation. Echoing this sentiment, the Honourable Naren Singh, Deputy Minister of Forestry, Fisheries and Environment, addressed delegates with a call for holistic progress. "Our journey towards a low-carbon future must be defined by a fundamental truth: sustainability is a three-legged stool, balancing the health of our planet, the prosperity of our people and the creation of shared value," he stated. "By investing in our natural capital, we are investing in the most resilient infrastructure of all our communities." Over the next two days, the summit floor will be a hive of activity. Attendees will engage in high-level interactive sessions, witness live project pitches from Africa’s most promising green entrepreneurs, and participate in curated networking forums designed to fast-track collaboration and knowledge transfer. AGES 2026 is more than an event, it is a declaration that Africa is ready to build a future where economic resilience and environmental stewardship are the same.

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Africa is seeking to move beyond being a raw material supplier and establish itself as a critical energy player, government leaders said at African Energy Week (AEW) 2025: Invest in African Energies, highlighting investment opportunities, energy transition based on domestic resources, and the need for predictable policies for investors. Anatole Collinet Makosso, Prime Minister of the Republic of Congo, said the continent must leverage its vast oil and gas resources – as well as solar, geothermal and wind potential – to drive development. “Without energy justice, energy transition is an illusion,” he said. “To offer clean, affordable and reliable energy is not an option – it’s an imperative. Our need for development cannot be sacrificed. We need to support energy transition fully, but it must be based on our gas and petroleum resources.” Makosso highlighted key projects including Eni’s Congo LNG initiative, the recently licensed deepwater Nzombo block, the Banga Kayo gas monetization project and Perenco’s ongoing modernization and drilling works to extend field lifespans. “These initiatives are part of the national and continental strategy. Africa must no longer be considered as a provider of raw materials – it must be considered as a critical energy player,” he said. He called the continent “the investment opportunity of the century,” stressing that the goal is not merely to attract capital but to build a competitive, sovereign Africa. Nigeria’s Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), outlined measures the country has taken to boost investor confidence and expand production, including an Executive Order signed earlier this year to reduce production costs. The sector overhaul has already spurred significant activity, including $5 billion in new Shell investment in Bonga North, planned investments in Bonga Southwest and other deepwater projects, and the restructuring of state-owned NNPC into a commercially viable company. “Investors want predictability, efficiency and incentives, as well as alignment between stakeholders and industry,” he said. Lokpobiri also pointed to successes from asset divestments as evidence of Nigeria’s growing strategic role. “The companies that acquired IOC assets – Renaissance acquiring Shell’s onshore and shallow-water assets, Seplat acquiring ExxonMobil’s, Oando acquiring Eni’s – between the time the divestments were enabled and today, we have increased production by at least 200,000 barrels per day. That shows that divestment was the right decision,” he said. Looking ahead, Lokpobiri urged Africa to capture more of global oil and gas capital expenditure, and to “transition from being net importer to strategic value creator.” He also emphasized the need for partnerships rather than energy abandonment: “No continent or country is slowing down. What is needed is to reduce emissions, not abandon any form of energy, and what we need from the West is partnership.”

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Chapa Dimba Champions Head to London

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