Middle Eastern sovereign wealth funds and state-backed companies are likely to hold steady with their renewable energy investments in Africa despite disruptions from the Iran war, analysts say, because they have strong long-term economic and strategic potential. Much of that has been invested in North Africa, Southern Africa and parts of East Africa. Advertisement“Africa remains one of the few regions where demand growth is unequivocal,” said Matthew Tilleard, chief executive of CrossBoundary Energy, a Nairobi-based firm that develops and operates renewable energy projects. That gap has created opportunities for Gulf investors looking to diversify beyond oil and gas. “For investors, renewable power projects can provide strategic access to industries beyond electricity generation,” Tilleard said.

Source: The North Africa Journal March 18, 2026 13:01 UTC