🌍 Feed

✍🏿 Compose

Africa's green economy could create 3 million new jobs by 2030 - report

#economy
#employment
#climate and sustainability
#Jobs
A new report finds that Africa’s rapidly growing green economy could create over 3 million new jobs by 2030, highlighting the sector's significant potential for employment and sustainable development across the continent.

Bonface Orucho, bird story agency


Africa’s green economy has the potential to create up to 3.3 million new direct green jobs across the continent by 2030, according to a new report.


The report, ‘Forecasting Green Jobs in Africa’  by Shortlist and FSD Africa, with analysis from the Boston Consulting Group was unveiled on July 24 covering five focus countries: Democratic Republic of Congo (DRC), Ethiopia, Kenya, Nigeria and South Africa.


According to Mark Napier, CEO of FSD Africa, the report is of interetst because “there is a cross-sector effort across Africa to spur employment and sustainable development.”


“But stakeholders lack a shared, granular understanding of where the green jobs are going to come from. This report offers a methodology for forecasting green jobs which allows us to get practical about where we need to invest to make these jobs happen,” he explained in a press statement accompanying the report.


Key insights from the report indicate that job creation will focus on twelve green subsectors, primarily in renewable energy, particularly solar, e-mobility, sustainable agriculture, eco-friendly construction, and green manufacturing.


South Africa is projected to create the highest number of jobs, between 85000 and 275000 green jobs by 2030, mainly in energy, power generation, agriculture and nature sectors including conservation.


The solar industry is, however, projected to create the highest number of new employment opportunities by 2030, up to 140,000 new jobs. 


South Africa's REIPPP program is one of the most ambitious solar initiatives in Africa, generating over 2,500 MW of solar and wind energy in the past decade. Africa Solar Industry Association projects that each MW of solar power generated can create up to 30 full-time jobs.


This is critical considering the huge unemployment rates in the country where about 10.2 million people were aged between 15 and 24 years as of Q3 of 2023 out of whom 32.7% were neither in employment nor in education or training.


The program is scaling rapidly, boosting both energy output and job creation. In December 2023, South Africa launched REIPPPP Bid Window 7, targeting 5 GW of renewable energy from solar, wind, green hydrogen, and hydropower.


Nigeria is also projected to create between 60000 and 240000 new green jobs by 2030 mainly in aquaculture and poultry subsectors both of which have the potential to generate up to 69000 new job opportunities.


Aquaculture is emerging as a sector of interest in Africa, with global investors increasingly directing resources towards it, signaling confidence in its growth potential.


After Aqua-Spark launched a $300 million African aquaculture fund in 2021, it has grown into a successful venture supporting major projects in Madagascar, Mozambique, the Lake Harvest project in Southern and East Africa, and Kenya's Aquarech.


Nigeria is especially grooming its aquaculture industry with projections by the World Aquaculture Society (WAS), through its African chapter, projecting the country’s aquaculture sector has the potential to generate an annual revenue of US$296 billion. 


The country's Blue Economy Strategy, a 2023 blueprint, places aquaculture at the core of its plan to harness the vast potential of the blue economy.


Beyond aquaculture, poultry farming stands as a cornerstone of Nigeria's livestock industry, representing the most commercialized sector. According to the poultry association of Nigeria, the sector contributes over 25 percent to the Livestock Agricultural Gross Domestic Product (LAGDP).


“The industry has for the last five (Five) years, remained the No. 1 egg-producing nation in Africa and the No. 5 in Broiler Meat production in Africa,” Ichie Ezeobiora, the national president of the association explained in a recent press statement.


The authors of the report also explain that in Kenya, between 40000 and 240000 new jobs can be created by 2030. The solar sector is expected to lead this creation with an estimated 111000 jobs by the end of the decade. Ethiopia will see between 30,000 and 130,000 new green jobs while the DRC will  put on between 15,000 to 45,000 new green jobs by 2030.


The quality of the projected new  job opportunities varies from being skilled, semi-skilled to white collar. Notably, up to 60% of the new jobs will be skilled or white collar distributed as; 10% advanced jobs or highly skilled, 30% specialized jobs and 20% administrative jobs.


“Crucially, these job types tend to attract higher salaries and will, therefore, play a central role in spurring the growth of the middle class in countries hosting these high-growth sectors,” the authors explain.


Also, the stability of the unskilled jobs that is set to be created by these jobs is expected to provide significant opportunities for upward mobility. These positions will serve as stepping stones for candidates, enhancing their employability through access to training and valuable experience.


bird story agency


Useful links for editors:

https://fsdafrica.org/publication/forecasting-green-jobs-in-africa/

https://renewablesnow.com/news/s-africa-opens-reipppp-bid-window-7-targeting-5-gw-of-renewables-843213/

https://poultryassociationofnigeria.org/press-release-on-current-policy-and-fiscal-seige-on-the-poultry-industry-in-nigeria-the-industry-on-the-verge-of-total-collapse/

https://www.howwemadeitinafrica.com/from-kenya-to-nigeria-opportunities-in-africas-fish-farming-industry/169135/

Top comments(0)

SEND

You may like this too...

TechCabal

Kobo360, the logistics powerhouse backed by Goldman Sachs, is rolling out HaulSight—an innovative fleet management software designed to help Africa’s major manufacturers streamline operations, track vehicles, and cut costs in real-time. With rising fuel prices squeezing margins, HaulSight presents an efficient way for companies like Dangote and Unilever to maximize fleet potential. Will this be a game-changer for Africa's logistics industry?
Nov 11, 2024

Disrupt-Africa

Chumz, a Kenyan fintech that enables users to set savings goals with mobile money, has reached 200,000 users and is testing its services in Rwanda. With unique prompts encouraging behavior-based saving, Chumz empowers users with accessible financial tools. Expansion plans target 1 million users across East Africa by 2026.
Nov 6, 2024

Bird Story Agency

As more and more services move online across Africa, giant players like Safaricom, MTN and Airtel are stepping up their efforts to provide Africa with large, green-energy data centres.
Nov 4, 2024

Bird Story Agency

Africa's Gen Zs, promised opportunity, innovation and new technology but faced with the very real world of a workplace in flux, constrained labour markets, high inflation and increasing criticism of their work ethic, are finding very little to cheer about. So a growing number of African universities are stepping in, hoping to bridge the gap between academic qualifications and real-world demands.
Nov 3, 2024

TechCabal

🌍 Access Bank secures the green light to acquire Kenya's National Bank, expanding its reach across East Africa’s largest economy. With an estimated $100 million deal, Access Bank will increase its footprint to 77 branches across 28 counties. Here’s what this move means for Kenya’s banking sector! 💸
Oct 31, 2024

Disrupt-Africa

Nigerian fintech leader Moniepoint has secured $110 million in Series C funding to supercharge its digital banking platform for businesses across Africa. With a track record of innovation and impact, Moniepoint is poised to transform financial access on the continent, bringing seamless banking, payments, and credit services to millions.
Oct 29, 2024

TechCabal

Stanbic Bank Kenya has completed a major upgrade of its core banking software, aiming for enhanced security and improved user experience. Despite brief service disruptions, the bank’s transition to the latest technology signals a drive for modernized banking in a competitive market.
Oct 27, 2024

TechCabal

Kenya is set to revolutionize its financial landscape with the introduction of a new Fast Payment System (FPS). This cutting-edge platform will ensure seamless transactions between banks and fintechs, eliminating existing barriers. The FPS promises to enhance accessibility, making financial services more convenient for all Kenyans.
Oct 18, 2024

TechCrunch

🌍 From humble beginnings in Africa, InstaDeep has grown into a global AI powerhouse. In just over a year under BioNTech’s umbrella, the startup continues to drive innovation in biotech and beyond. CEO Karim Beguir reveals how InstaDeep’s cutting-edge AI is revolutionizing healthcare and industrial optimization alike.
Oct 15, 2024

TechCabal

M-KOPA, a Kenyan fintech giant known for financing solar systems and smartphones, has appointed former Nokia CEO Rajeev Suri as its new board chair. As the company gears up for rapid expansion, Suri's leadership is set to guide M-KOPA into a new era of growth and innovation. With over 5 million users across Africa, M-KOPA is reshaping digital and financial inclusion.
Oct 14, 2024
Home
Business Hub
Market Hub
You
By signing up you agree to ourTerms|About us|Market Hub|Business Hub|Deals Hub