The city of Lagos made history as it became the first African city to host the E1 World Championship, the world’s first all-electric powerboat race. The E1 Lagos Grand Prix Opening Ceremony marked a major milestone for Africa’s participation in global innovation, sustainability, and clean-energy initiatives.
According to a statement from the African Export-Import Bank (Afreximbank), the event represents a significant step in showcasing Africa’s growing leadership in renewable energy, technological innovation, and sustainable development. It also underscores the continent’s readiness to play a defining role in shaping the future of the blue economy — the sustainable use of ocean resources for economic growth and environmental preservation.
Afreximbank reaffirmed its commitment to driving this transformation, particularly through its flagship programme, the Creative Africa Nexus (CANEX), which champions Africa’s creative and entrepreneurial potential. The Bank noted that this same spirit of ingenuity fuels both the E1 Series and the broader movement for African innovation and global competitiveness.
“By joining global cities such as Monaco, London, and Venice on the E1 calendar, Lagos has positioned Africa as bold, resilient, and ready to lead on the world stage,” Afreximbank stated.
The E1 Lagos Grand Prix is not only a celebration of sport and sustainability but also a symbol of Africa’s commitment to pioneering clean technology and empowering new industries that blend creativity, innovation, and environmental responsibility.
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