The 2024 World Investment Report by the United Nations Conference on Trade and Development revealed that African countries received $175 billion in greenfield project announcements in 2023. Although the value of these projects declined compared to 2022, the number of announced projects increased by 7% to 830. Globally, there was a 2% increase in greenfield projects, with a focus on both developed and developing economies. Notably, the United States saw 2,152 greenfield projects announced in 2023. One standout project was a $34 billion green hydrogen plant announced in Mauritania, making it the largest greenfield project globally in 2023. Greenfield projects involve the development of new facilities or infrastructure on previously undeveloped land. They often include building new plants, factories, or commercial buildings from scratch. In Africa, some of the significant greenfield projects announced in 2023 included an electric vehicle production facility in Morocco, green hydrogen and ammonia projects in Egypt, and green hydrogen projects in South Africa. Mauritania is positioning itself as a key player in green hydrogen production, with plans for a hydrogen plant capable of producing 8 million tonnes of green hydrogen annually. The country has already signed agreements with international partners for these ambitious projects. Green hydrogen, produced using renewable energy sources, is gaining traction globally as a cleaner fuel alternative. Countries like Germany are leading the way in transitioning to hydrogen-powered facilities. Overall, the surge in greenfield projects and green hydrogen investments reflects a shift towards sustainable energy and infrastructure development.