The UN Conference on Trade and Development (UNCTAD) released a report indicating a decline in foreign investment in Africa in 2023. However, the clean energy sector, especially green hydrogen projects, emerged as a positive highlight. Africa attracted significant FDI in projects related to clean energy, with a notable $34 billion green hydrogen project announced in Mauritania. Other countries like Egypt, South Africa, and Morocco also saw substantial investments in green hydrogen. The report mentioned a rise in greenfield project announcements despite the overall decline in investment value, signaling potential for sustainable growth. The electric vehicle value chain and renewable energy sector, particularly wind and solar power production, also attracted investments. The significance of FDI in funding infrastructure, renewable energy, and achieving the Sustainable Development Goals (SDGs) was emphasized by UNCTAD. The African Continental Free Trade Agreement Investment Protocol and national investment policies in countries like Kenya and Nigeria aim to further enhance investment opportunities and promote economic development in the region. UNCTAD Secretary-General highlighted the importance of investment not just in terms of capital flows, but also in promoting human potential, environmental stewardship, and a more equitable and sustainable world. Overall, the report showcases the potential for driving sustainable investment in Africa, particularly in the clean energy sector.