Uber And Nissan Partner With Africa’s Green Economy Summit set to be held in Cape Town. The organisers of Africa’s Green Economy Summit, taking place in Cape Town from 22–24 February, have announced that global mobility giant Uber and car manufacturer Nissan will be official partners of the event.
Africa’s Green Economy Summit will bring together investors, developers and governments, highlighting investment prospects that exist in the fields of green hydrogen, EVs and hybrid vehicles, energy storage, solar, hydro and wind energy, infrastructure development, urban sustainability as well as manufacturing. It is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on 25 February 2023. “There are huge opportunities for Africa to take advantage of business and technology innovation to drive green growth opportunities on the continent that will give both good climate outcomes but increase incomes and growth on the continent. This will require public policymakers, private entrepreneurs, investors and the financial sector to work together in a coordinated way to deliver on these opportunities.”
The World Bank’s John Roome explains that “Africa doesn’t need to reinvent the wheel. There are four examples that I will talk about from India that give good examples of how India has been able to drive down the price of LED light bulbs and create a new business opportunity in street lighting, how they’ve been able to drive growth in e-buses across the country, how they’ve expanded rooftop solar and how they have expanded renewables through renewable energy solar energy farms, using a combination of public policy, private investment and financial sector innovation.”
Already home to a thriving green economy, the City of Cape Town is looking forward to welcoming the summit delegates to assist in creating opportunities to invest in this innovative space. The E-Fest in February 2023 offers a week of special events and entertainment to showcase sustainability, e-mobility and renewable energy solutions, underpinned by the international ABB FIA Formula E World Championship. Also known as the Cape Town E-Prix, it is the first Formula E race to be hosted in sub-Saharan Africa, and the first major open-wheel race since 1993. For the first time, South Africa will be able to witness Formula E’s thrilling line-up in person, as drivers race their electric-powered cars through the streets of Cape Town.