Iran War Seen Boosting Africa’s Renewable Energy Deals

Photovoltaic panels at a solar plant in Evander, South Africa. — Photovoltaic panels at a solar plant in Evander, South Africa.Photographer: Guillem Sartorio/Bloomberg

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April 20, 2026 at 9:11 AM UTC

Private renewable-energy investments in Africa are set to accelerate as the Iran war drives nations to try and cut their dependence on imported oil and gas.

More funds are also likely to flow to businesses that are less dependent on importation of raw materials, African Private Capital Association Chief Executive Officer Abi Mustapha-Maduakor said in an interview.