The question is whether the terms are attractive enough when nations are competing increasingly aggressively for investment from international oil companies (IOCs) and the potential demand destruction from the energy transition looms over the coming decades. The attractiveness of South Africa’s terms will have ramifications far beyond its borders.

The UK will no longer fund coal projects overseas, British Prime Minister Boris Johnson announced today during his opening address at the UK-Africa Investment Summit in London. Instead, the government will "turbo-charge" its support for low-carbon energy sources, he said, noting that the UK has cut its CO2 emissions by 42% from the 1990 level. The country is the host of the next round of UN climate talks - COP26 - in November.

“South Africa is a major producer of coal,” Mantashe added. “Entire towns and settlements exist around coal mining areas, and as such, our focus must be on how to mitigate the impact of coal sector downscaling.”

“Rosatom [the Russian nuclear company] is prepared to help our African partners in creating a nuclear industry,” Putin said, with “the construction of research centers based on multifunctional reactors.”

"We need to replace 70-90% of carbon resources of energy by 2050 in order to avoid overheating the Earth," he said, adding that two-thirds of the world's population still relies on biomass. An alarming projection, he said, is that by 2050 African nations will be consuming as much energy per capita as they do now, but their population will have doubled to 1.4 billion. "This will have dramatic implications for healthcare, employment and migration in the future," he said. "Only nuclear power can stop this migration by helping to develop the region."

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received today at the Qasr Al Bahar, participants in the Africa Investment Summit, AIS, which is being hosted by the Abu Dhabi Investment Authority, ADIA, to increase dialogue between global investors and African financial and corporate entities. They were accompanied by H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA.

"Mozambique represents an increasingly important trading partner for Dubai and the UAE and this was an important platform to discuss how we can take our business relations to the next level," said Al Ghurair.

Mozambique's GDP growth is projected to reach 5½ percent in 2020

Россия выступает за укрепление энергетической составляющей диалога в рамках БРИКС в условиях кардинальных изменений в мировой энергетике, отметил Александр Новак по итогам встречи.

Целью создания Евразийского регионального центра является содействие деятельности Банка на территории Российской Федерации, а в последующем, при расширении состава акционеров Банка, и в странах Евразийского региона.

Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.

Speaking to African heads of state and representatives from Russian, African, and international business and government agencies, Rosatom Director General Alexey Likhachov yesterday emphasised the benefits of nuclear energy in job creation and regional economic development. At the Russia-Africa Summit in Sochi, Russia, Likhachov said global inequality in technological, industrial and socio-economic development was "acutely felt" in Africa.

Students from Zambia were among those invited to join counterparts from across the world for a specialised two-week programme of lectures and practical sessions delivered by distinguished experts in the field of radiation application and isotope production.

В энергетической сфере Россия рассматривает Республику Ангола в качестве перспективного партнера на Африканском континенте, отметил Александр Новак по итогам встречи.

В энергетике российско-южноафриканские отношения носят взаимовыгодный характер и настроены на поступательное сотрудничество, отметил по итогам переговоров Александр Новак.