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McKinsey identifies 24 green manufacturing business opportunities in Africa
Kenyan company ASOBO has introduced electric fishing boat engines on Lake Victoria. According to McKinsey, the assembly of electric fishing boats is a green business opportunity in Africa. McKinsey & Company highlights new business opportunities across several sectors including agriculture, biofuels, basic materials, energy, packaging and plastics, transportation, and textiles and apparel – each having substantial potential for green growth. If Africa’s manufacturing sector follows the growth trajectory of developed markets over the past decades, it will likely double in size, and without any decarbonisation efforts its emissions could nearly double as well by 2050. This would not only set the world back on its overall emissions reduction targets but…