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Confirmed Speakers for the 3rd International African Energy, Oil, and Gas Summit 2024

Location: News
African Peace Magazine

African Peace Magazine UK (https://AfricanPeace.org/) is honoured to announce the distinguished line-up of speakers for the 3rd International African Energy, Oil, and Gas Summit, set to take place from October 23rd to 25th, 2024, at Hilton, Windhoek, Rev. Michael Scott Street, Windhoek, Namibia. This summit brings together some of the most influential leaders, industry experts, and change-makers in the energy sector across Africa. These individuals have significantly shaped their respective industries and will contribute profound insights into Africa's energy future. The Charity Golf Tournament and other Tour activities would commence from the 26th to the 30th of October 2024. The Speakers are;

  • Hon. Justice Suleiman Galadima (JSC, OFR, CFR, Rtd) – Chairman of the Board, African Peace Magazine UK

Hon. Justice Galadima is a revered figure in Nigeria's legal community, having served as a Justice of the Supreme Court of Nigeria. He is known for his unwavering commitment to justice and governance in Africa. As Chairman of African Peace Magazine, Justice Galadima plays a critical role in fostering dialogue around peace, security, and development across the continent.

  • HRH Sir David Serena-Dokubo Spiff – Ada IX, Paramount Ruler of Spiff Town, Bayelsa State

HRH Sir David Serena-Dokubo Spiff is a prominent traditional leader from Bayelsa State, Nigeria. His deep commitment to the socio-economic advancement of his people and his influence on the region's energy and resource management make him a vital voice at the summit. He actively advocates for responsible management of natural resources in his community.

  • Dr. Martha Namundjebo-Tilahun – Chairperson, United Africa Group, Namibia

Dr. Martha Namundjebo-Tilahun is a powerful figure in Namibia's business sector and beyond. As the Chairperson of United Africa Group, she has been a driving force behind several large-scale projects in hospitality, real estate, and renewable energy. Her leadership in advancing Africa's energy landscape and sustainable development strategies is exemplary.

  • Abiola Metilelu – CEO, PressPayNG

Abiola Metilelu leads PressPayNG, a groundbreaking fintech company that offers education financing solutions. Under his leadership, PressPayNG is bridging the financial gap for students across Nigeria, directly impacting the education and energy sectors by creating a more skilled workforce for the future.

  • Dr. Udochu Ogbonnaya – Executive Director, Green Energy International Ltd (GEIL)

A visionary in Nigeria's oil and gas industry, Dr. Udochu Ogbonnaya is shaping the future of sustainable energy in Africa. As the Executive Director of GEIL, he drives innovation in the extraction and development of energy resources while maintaining a focus on environmental responsibility.

  • Mrs. Frieda Tunyoleni Amuela – Extractive Industry Law Expert

Mrs Amuela is a respected expert in the legal frameworks governing Africa's extractive industries. Her insights into compliance and legal challenges in oil and gas operations have made her a sought-after voice in regulatory discussions. Her work ensures that Africa's natural resources are managed with accountability and transparency.

  • Mr. Immanuel Mulunga – Former MD, National Petroleum Corporation of Namibia (NAMCOR)

Mr. Mulunga is a seasoned expert in Namibia's oil and gas industry, having held key leadership roles, including serving as Managing Director of NAMCOR. His deep understanding of petroleum resource management in Namibia and his strategic leadership have had lasting impacts on the country's energy landscape.

  • Engr. Chukwuemeka Woke – Director-General/CEO, National Oil Spill Detection and Response Agency (NOSDRA)

Engr. Woke leads NOSDRA, Nigeria's primary agency responsible for monitoring and responding to oil spills. His efforts in promoting environmental sustainability in the face of oil extraction activities have been instrumental in safeguarding Nigeria's ecological future.

  • Professor Geoffrey Shakwa – Founder & MD, Anti-Corruption Education Consultancy

Professor Shakwa is a staunch advocate for anti-corruption measures in Africa, having founded the Anti-Corruption Education Consultancy. His work aims to educate and promote transparency, which is critical for sustainable development in Africa's energy sectors.

  • Mr Tassius Chigariro – Chief Executive Officer, Old Mutual Namibia

Tassius Chigariro heads Old Mutual Namibia, a leading financial services company. His strategic expertise in investments and financial management has made Old Mutual a key player in supporting economic growth in Namibia and throughout Africa's energy sectors.

  • Dr. Joseph Tolorunse – Authority Secretary and Legal Adviser, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)

Dr. Tolorunse brings a wealth of knowledge in regulatory frameworks, ensuring Nigeria's midstream and downstream petroleum sectors operate within best practices and international standards. His work strengthens Nigeria's position as a key player in the global energy market.

  • Olusegun Ilori (Esq) – Executive Director, Green Energy International Ltd (GEIL)

A legal expert in energy law, Olusegun Ilori has been instrumental in shaping GEIL's business strategy, ensuring compliance with global energy regulations while advocating for sustainable practices.

  • Engr. Sunday Babalola – Executive Director, Green Energy International Ltd (GEIL)

Engr. Babalola's expertise in engineering and operations has been pivotal to GEIL's success in executing oil and gas projects with a focus on innovation and sustainability.

  • Alh. Auwalu Abdullahi Rano (OON) – Founder & CEO, A.A. Rano Nigeria

Alh. Rano is a prominent entrepreneur in Nigeria's oil and gas sector, with his company, A.A. Rano, being a leading player in petroleum marketing and distribution. His business acumen has significantly contributed to Nigeria's energy supply chain.

  • Prof. Anthony Adegbulugbe – CEO, Green Energy International Ltd (GEIL) & Former SA to the President of Energy

Prof. Adegbulugbe is a renowned energy expert with a wealth of experience in energy policy and management. As CEO of GEIL, he is at the forefront of pushing Africa towards a greener energy future.

  • Dr. Martin Harris – Senior Geosciences Researcher, University of Namibia

Martin Harris is a leading geoscientist in Namibia, focusing on energy resource exploration and development. His research and contributions have enhanced the understanding of Namibia's geological wealth.

  • HRM Makitu III – Kingdom of Kongo, Angola

As the traditional ruler of the Kingdom of Kongo, HRM Makitu III is a respected leader who advocates for the preservation and responsible use of natural resources within his kingdom, including energy resources that are key to Angola's economic development.

  • Engr. Wole Ogunsanya (FNSE) – Chairman/CEO, Geoplex Drillteq Limited

Engr. Ogunsanya leads Geoplex Drillteq, a company offering cutting-edge drilling solutions for Africa's oil and gas industry. His leadership in innovation has made Geoplex a leader in the sector, offering technological solutions that enhance efficiency. Engr. Wole Ogunsanya is the current Chairman of the Petroleum Technology Association of Nigeria. PETAN is an association of Nigerian Indigenous Technical Oilfield service companies in the upstream and downstream. PETAN is the primary trade and advocacy association of the oil and natural gas industry in Nigeria, representing nearly 100 members involved in various aspects of petroleum.

  • Mr. Tarah N. Shaanika – CEO, Namibia Asset Management

Tarah Shaanika oversees Namibia Asset Management, a leading investment company in Namibia. His experience in financial management and investment has propelled the company into playing a crucial role in funding energy and infrastructure projects in Namibia.

  • Aggrey Ashaba – General Manager, Alliad, Uganda

Aggrey Ashaba is a business leader with deep expertise in the oil, gas, mining, and energy sectors. As General Manager of Alliad in Uganda, he plays a key role in driving the country's energy strategy, focusing on sustainable development.

  • Daniel Tuyoleni Williams – CEO, Mind Space Consults

Williams is a respected business consultant whose firm, Mind Space Consults, provides strategic insights and advisory services in energy and business development across Africa, helping companies navigate complex markets and regulatory environments.

  • Alh. Saleh Baba Rano

A key player in Nigeria's oil and gas sector, Alh. Saleh Baba Rano has been instrumental in the growth and development of the sector, bringing strategic insights and leadership to discussions around energy in Africa.

  • Abimbola Okoya – Founder, Basic Education Africa

Abimbola Okoya is a passionate advocate for education in Africa, founding Basic Education Africa to provide accessible learning opportunities to underserved communities. Her work directly impacts the future of Africa's workforce, particularly in the energy and technology sectors.

  • Professor Jude Osakwe – Faculty of Computing and Informatics, Namibia University of Science and Technology

Professor Jude Osakwe is a prominent academic and researcher with a focus on Data Governance, Data Analytics, ICT in Education, and ICT for Development (ICT4D). He holds various professional certifications in project management, big data analytics, business intelligence, and digital marketing. His extensive research work and involvement in international conferences make him a vital contributor to discussions on the integration of ICT into development strategies across Africa. Professor Osakwe's dedication to bridging the gap between theory and practical implementation of ICT solutions has positioned him as a respected figure in the academic and business sectors.

  • M. Jinot Razafimamonjy – Director of Hydrocarbons, Ministry of Energy and Hydrocarbons, Madagascar

M. Jinot Razafimamonjy serves as the Director of Hydrocarbons in Madagascar's Ministry of Energy and Hydrocarbons. His leadership in managing the country's hydrocarbon resources has been instrumental in driving economic growth and ensuring sustainable development in the energy sector. His participation at the summit will provide critical insights into Madagascar's approach to energy management and its vision for the future of its oil and gas industry.

  • S P Jika Ogbeche – Assistant Comptroller General (ACG), Air Nigeria Immigration Service (NIS)**

S P Jika Ogbeche holds a senior leadership role within the Nigeria Immigration Service, overseeing the Air Border Division. His extensive experience in managing Nigeria's air borders and contributing to national security efforts will bring a unique perspective to discussions on energy security and the role of governance in the sector.

  • Engr. Farouk Ahmed – Authority Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)

Engr. Farouk Ahmed is at the helm of Nigeria's NMDPRA, playing a critical role in regulating and ensuring the sustainable development of Nigeria's midstream and downstream petroleum sectors. His leadership has been instrumental in modernizing the regulatory framework, promoting investment, and ensuring energy security in one of Africa's most important energy markets.

  • Dr. Lloyd C. Williams – United States of America

Dr. Lloyd C. Williams is an esteemed expert in the fields of energy and sustainability, hailing from the United States. With a distinguished career marked by contributions to both the public and private sectors, Dr. Williams is dedicated to advancing clean energy initiatives and fostering innovation in oil and gas. His global perspective will add invaluable insights into the discussions at the summit.

  • Mr. Tassius Chigariro – Chief Executive Officer, Old Mutual Namibia

As the CEO of Old Mutual Namibia, Mr. Tassius Chigariro is a key figure in the financial services sector, driving initiatives that support sustainable investments in energy and infrastructure. His experience in leading one of Africa's most reputable financial institutions positions him as an influential voice in the intersection of energy finance and economic development.

  • Cydolian Raveloson – Acting Director General, Madagascar Hydrocarbons Office

Cydolian Raveloson is the Acting Director General of Madagascar's Hydrocarbons Office, where he plays a pivotal role in managing the country's energy resources. His efforts are focused on ensuring the efficient exploitation and management of Madagascar's oil and gas reserves, contributing to both the nation's economic growth and energy security.

These esteemed speakers join an already impressive lineup, including leading figures from government, academia, and the private sector, all dedicated to advancing Africa's energy future. Their participation is set to elevate the summit's discussions, fostering meaningful collaborations and forward-thinking strategies.

"The diverse group of speakers at the upcoming IAEOG Summit 2024 reflects our heartfelt commitment to inspiring discussions that lead to tangible outcomes. These industry leaders are passionate about finding ways to alleviate poverty, create job opportunities, and enhance our GDP. Together, we envision a transformative event that enlightens the public and fosters collaborative efforts, ultimately driving meaningful change for the betterment of our communities."- Chairman Hon. Justice Suleiman Galadima JSC, CFR, OFR (Rtd.)

Distributed by APO Group on behalf of African Peace Magazine.

For more details on the full list of speakers, agenda and for sponsorship, participation, partnership, Exhibition and speaking opportunities and all other enquiries please contact:
Florek or Liana
Phone +264817617590
Phone: +264818331921
email: florekharris@africanoilandgassummit.com
event@africanoilandgassummit.com
africanpeacemag@gmail.com

Uduak Okon
International Affairs
+2348033975746
+447407399766

Nigeria Abuja Office:
Suite FT 12B Alibro Atrium Plaza Utako Abuja
+2348033975746

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Angola:
Call +244928690892
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African Peace Magazine:
Website: https://AfricanPeace.org/
https://www.AfricanPeaceAwards.com/
https://AfricanOilandGasSummit.com/
Email: africanpeacemag@gmail.com

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Revitalising SA’s national parks to world destinations

Location: News

Revitalising SA’s national parks to world destinations

The Department of Forestry, Fisheries and the Environment has undertaken a bold initiative designed to elevate the country’s parks to world-renowned tourism destinations.

This will be achieved through the new Kruger, Kirstenbosch-iSimangaliso Icon Status Strategy, or KISS, which is focused on reforming each of these iconic sites into world-class destinations that set new standards for conservation, education, and sustainable tourism.

“Throughout the seventh administration we will reimagine each of our botanical and zoological gardens of the future. It will involve integrating cutting-edge technologies, enhancing visitor experiences, and implementing innovative conservation practices.

“By modernising infrastructure and embracing digital innovations, we aim to transform these destinations into more accessible and engaging experiences for all visitors, both local and international,” Minister of Forestry, Fisheries and the Environment Dr Dion George said on Tuesday in Cape Town.

Addressing the media on his 100 days in office, the Minister said elevating these iconic sites will inspire a deeper appreciation for the country’s environment and reinforce South Africa's leadership in global conservation initiatives.

“However, the transformation of these sites will span beyond environmental stewardship and into economic development. The KISS initiative will aim to create new jobs in the green economy and provide opportunities in fields such as environmental science, sustainable tourism, and wildlife management.

“By investing in training and capacity-building programs, we will empower local communities and foster inclusive growth from the ground up. Moreover, as South Africa prepares to assume the G20 Presidency next year, we see a unique opportunity to showcase these world-class sites on the global stage,” the Minister explained.

He said his department plans to host key G20 meetings and international conferences at locations like Kirstenbosch and the Kruger National Park, which will position South Africa as a premier destination for future global dialogues on sustainability and conservation driven economic development.

Captive lion breeding

Following in the footsteps of his predecessor, the Minister said he has taken a clear and decisive stance against captive lion breeding.

“The process initiated by my predecessor will continue. The Fair Industry for Lions, Leopards, Elephants, and Rhinos initiative, known as the FILLER, is dedicated to ensuring a fair and sustainable future for our country’s most iconic wildlife.

“Our goal is to boost economic activity and create jobs in eco-tourism and conservation, all while safeguarding these magnificent creatures for generations to come,” the Minister said.

Small-scale fishers and coastal communities

Recognising the difficulties faced by small-scale fishers and coastal communities, the Minister has initiated a process to simplify the application for fishing licenses.

“By removing bureaucratic barriers and streamlining procedures, we aim to make it easier for local fishers to obtain the necessary permits to operate legally and sustainably. This will empower individuals and small enterprises, promote inclusivity in the fishing industry and ensure that economic opportunities are accessible to those who need them most.

“In addition to policy reforms, I have embarked on a comprehensive 12-harbour tour to engage directly with the communities that rely on our maritime resources. So far, I have conducted oversight visits at four of these harbours, where I have met with local fishers, community leaders, and stakeholders. These visits have provided invaluable insights into the everyday realities and opportunities within the sector.”

During these engagements, issues ranging from infrastructure needs and safety concerns to market access and training opportunities were discussed.

“Moreover, I am meeting with lawyers for conservationists and small-scale fishers on the litigation currently heading to court. I am certain we can reach a settlement that will ensure the future of our African penguin population in the wild,” the Minister said. 

He was reflecting on the milestones of the work that has been done since his appointment by President Cyril Ramaphosa to lead the department.

The President appointed George and Deputy Ministers, Bernice Swarts and Narend Singh, on 03 July 2024 to lead the department under the Government of National Unity (GNU).

In the short to medium term, the department will prioritise climate change and energy; fisheries, particularly small-scale fisheries, and aquaculture; wildlife and biodiversity; and conservation efforts and environmental protection initiatives. - SAnews.gov.za
 

nosihle
Tue, 10/15/2024 - 12:43

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African Development Bank and Absa Unveil Multi-Billion Rand Financial Package to Expand Sustainable Capital Markets, Boost Economic Growth for Women and Youth

Location: Business

African Development Bank Group (AfDB)
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The African Development Bank (www.AfDB.org) and Absa Group, one of Africa's leading financial services providers, today celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for underserved segments, across South Africa and the continent. The target audience includes women-owned businesses, youth entrepreneurs, and small and medium-sized enterprises (SMEs).

In addition to enhancing Absa's regulatory capital, the facility will promote access to finance, deepen domestic capital markets, and ensure continued access to global supply chains for issuing banks in regional member countries, including low-income and fragile states.

The financial package includes:

  • A subordinated sustainability-linked (Tier 2) loan amounting to R1.7 billion, complemented by a non-financial support package of R18 million for capacity building and technical assistance targeted at SMEs, youth, and women-owned enterprises.
  • Subscription of R1 billion into Absa's inaugural social (Tier 2) bond issuance, with proceeds earmarked for providing affordable housing loans to female homeowners.
  • A trade finance Risk Participation Agreement (RPA) facility valued at $150 million, designed to underwrite the risks of trade transactions originated by African issuing banks, reinforcing Absa's role as a regional bank.

Several components of the package have already been executed, including the successful issuance of Absa's first Tier 2 social bond on the Johannesburg Stock Exchange in July 2024. The R1 billion proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.

Leila Mokaddem, Director General of the African Development Bank's Southern Africa Region, stated: “This partnership with Absa Group underscores our commitment to driving sustainable and inclusive economic growth across Africa. Through this financial package, we are not only fortifying Absa's capital base but also ensuring that essential funding reaches women, youth, and entrepreneurs, fostering a more equitable and prosperous continent. This collaboration aligns seamlessly with our strategic priorities of supporting Africa's industrialization and enhancing the quality of life for its people. “

Absa has secured a R1.7 billion sustainability-linked Tier 2 loan aimed at general corporate business purposes while incentivizing the extension of finance products to women-owned SMEs as a key performance indicator. As part of this agreement, Absa is collaborating with the African Development Bank to enhance skills among both Absa staff and women business owners. A capacity-building training program has been launched to address the unique challenges faced by female and youth entrepreneurs, by providing mentorship and financial solutions.

Charles Russon, Absa Group interim CEO designate remarked: “The finalisation of this package concludes a three-year process that significantly enhances our capacity to fund social initiatives aligned with our commitment to being a force for good. This partnership enables us to increase funding for women and youth in South Africa while facilitating greater trade opportunities across the continent. “

“This partnership aligns with the African Development Bank's strategic objectives of advancing green, social, and sustainability instruments in the domestic capital markets, supporting African capital market development and regional financial integration,” said Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank. He emphasised that it is designed to empower Absa to effectively disburse funds for highly impactful social and sustainable economic development initiatives.

The $150 million trade finance facility will drive trade support across Africa, addressing the continent's annual trade finance gap of over $100 billion. This initiative will enhance access to financing for key sectors such as agriculture, transport, and manufacturing, while fostering financial sector development and regional integration.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Contact:             
African Development Bank:  
Natalie Naudé,
Communication and External Relations Department,
email: media@afdb.org

Technical Contacts:
Peter Onyango,
Chief Capital Markets Officer,
Financial Sector Development Department,

Bleming Nakati,
Regional Lead,
Private Sector Operations, Southern Africa

Absa:
Carli Cooke,
Head of Media Relations,
email : prmedia@absa.afrca

About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

About Absa Group:
Absa Group Limited (‘Absa Group') is listed on the Johannesburg Stock Exchange and is one of Africa's largest diversified financial services groups.  Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.  

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic. 

For further information about Absa Group Limited, visit www.Absa.africa. 

Read moreAfrican Development Bank and Absa Unveil Multi-Billion Rand Financial Package to Expand Sustainable Capital Markets, Boost Economic Growth for Women and Youth

SA to announce measures to “turbocharge investment” into infrastructure projects

Location: News

SA to announce measures to "turbocharge investment” into infrastructure projects

Government will today announce the next steps Infrastructure SA will take to “turbocharge investment” into infrastructure projects in South Africa to grow the economy and create jobs. 

Public Works and Infrastructure Minister Dean Macpherson and Acting Head of Infrastructure South Africa (ISA), Mameetse Masemola will make the announcement in Johannesburg on Tuesday.

Research from international institutions such as the World Bank, McKinsey Global Institute, and the International Monetary Fund (IMF) shows that state efforts to increase infrastructure investment by 1% can contribute to economic growth of between 0.4% and 3%.

This is a goal the Minister is committed to achieve, the department said. 

The Minister will use the opportunity to unveil the innovatory approach Infrastructure SA is taking with regards to infrastructure investment, the current infrastructure investment pipeline in South Africa, and how the Minister plans to expand the role of Infrastructure SA to turn the country into a construction site. – SAnews.gov.za

 

Edwin
Tue, 10/15/2024 - 09:41

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President Ramaphosa to address SA Automotive Week

Location: News

President Ramaphosa to address SA Automotive Week

President Cyril Ramaphosa is expected to address the South Africa Automotive Week on Thursday.

The Minister of Trade, Industry and Competition Parks Tau, Minister of Transport Barbara Creecy, Minister of Electricity and Energy Dr Kgosientsho Ramokgopa and Minister of Minerals and Petroleum Resources Gwede Mantashe are expected to accompany the President.

“Government has played a pivotal role in fostering a favourable policy and regulatory environment that has supported growth, transformation, and innovation within the automotive industry.

“The South African Automotive Masterplan (SAAM 2035) sets the objective of growing South Africa’s vehicle production to 1% of global output and aims to increase the annual export value of the South African automotive industry from approximately R201 billion in 2019 to R400 billion by 2035.

“The effective functioning of the logistics and infrastructure sector is paramount to maintain competitiveness, as expenses associated with shipping and transportation play a vital role to determine the competitiveness of our exports,” the Presidency said in a statement on Tuesday.

The week is expected to be held under the theme “Reimagining the Future, Together: Celebrating 100-Years of Automotive Heritage, Passion, Resilience, and Ingenuity”.

“SA Auto Week is distinguished as Africa’s leading and pre-eminent annual automotive thought leadership event bringing together auto industry leaders; global OEMs; vehicle component manufacturers and suppliers; international investors; policy-makers; law-makers; decision-makers; regulatory bodies; and journalists across the entire automotive value chain,” said the Presidency.

The South African Automotive Week takes place at the Cape Town International Convention Centre (CTICC) in the Western Cape. – SAnews.gov.za
 

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Tue, 10/15/2024 - 09:03

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Rosatom Accelerates African Nuclear Development

Location: News
African Energy Chamber

Russia's state-owned nuclear corporation Rosatom has joined the African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 – as a gold sponsor. The sponsorship aligns with the corporation's ambitions to strengthen its presence in Africa and follows a strong of deals forged with various African countries in the fields of nuclear power development, knowledge sharing and mining.  

Currently, there is a surge in nuclear energy adoption in Africa, with projects targeting 15 GW of operational capacity by 2035, the Nuclear Business Platform estimates. Over 10 African countries are looking to embrace nuclear energy, the majority of which are leaning on global partnerships such as those fostered with Rosatom to accelerate project development. Rosatom's return to AEW: Invest in African Energy reflects its growing intention to support projects in Africa.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

Rosatom signed an agreement with the Republic of Congo – which has ambitions to enhance the adoption of nuclear energy - in July 2024. The deal will see the parties collaborate on the peaceful utilization of nuclear energy and hydroelectric power. This aligns with the Republic of Congo's efforts to diversify its energy mix beyond oil, leveraging Rosatom's expertise to improve energy access.

The agreement followed the signing of an MoU with Guinea-Conakry in June 2024 to cooperate on the development of floating nuclear power plants. The corporation currently operates the world's only floating co-generation nuclear power plant – Akademik Lomonosov - and aims to construct an additional 7 facilities worldwide. Suitable for remote regions with undeveloped or unreliable power grids, floating nuclear offers a range of benefits for African countries. As a small nuclear power plant, the facilities provide access to clean and affordable power for hard-to-reach communities, offering an environmentally-friendly energy option with 24/7 operational capacity. The agreement with Guinea-Conakry will see Rosatom construct floating nuclear plants, equipped with RITM-200 reactors. Power will be used to support industrial and domestic consumption.   

Rosatom also signed an agreement with Burkina Faso's Ministry of Energy, Mines and Quarries for the construction of a nuclear power plant in the country. Construction will be complete by 2025 with the project expected to double Burkina Faso's power production by 2030. The deal also features a clear roadmap to enhance the country's nuclear power adoption, including the establishment of a regulatory framework for nuclear energy.

In addition to nuclear power development, Rosatom is driving nuclear energy capacity building and training across Africa. The company aims to utilize its expertise in the industry to support human capital development across the continent, with various programs in place to achieve this goal. In South Africa – the continent's only nuclear power producer – Rosatom signed an agreement with the state-owned power utility Eskom for a nuclear action plan for the period 2024-2026. The plan comprises joint education initiatives, joint degree programs and workforce training. South Africa plans to continue utilizing nuclear power to fulfil both its domestic and industrial needs. Recently, the Koeberg station – accounting for 5% of South Africa's power supply – has been approved to run for an additional 20 years. The Rosatom-Eskom plans aims to support this by equipping the workforce with the requisite skills and capacities. 

To support nuclear production in Africa, Rosatom is also advancing uranium mining across the continent. The company plans to start mining uranium in Namibia by 2029, with plans in place to complete the prospecting and exploration phase of the Wings Project by 2026. At a total investment of $500 million, the project will produce 5,000 metric tons of uranium per year.

“Rosatom represents a strong partner for Africa's nuclear industry. The company is focused on supporting the construction of nuclear energy facilities while concurrently scaling up capacity building, mining activities and regulatory support. Nuclear has the potential to transform the continent's power landscape and with partners like Rosatom, Africa is well positioned to tap into this growing market,” states NJ Ayuk, Executive Chairman of the African Energy Chamber. 

Distributed by APO Group on behalf of African Energy Chamber.

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Improved sentiment is rooted in real economic progress – President

Location: News

Improved sentiment is rooted in real economic progress - President

With just over 100 days since the members of the Government of National Unity were sworn into office, President Cyril Ramaphosa says the county has witnessed a marked increase in confidence in the direction of the country.

In his weekly newsletter, the President noted that South Africans across various sectors were increasingly supporting government’s efforts, which is reflected in recent opinion polls. 

One of the polls conducted by Ipsos revealed that the proportion of participants who believe the country is on the right track has doubled since the last surveys were conducted in April and June this year. 

“There is also rising confidence in our country’s economic growth prospects by business and local and international investors. This was evident in the engagements I recently had with business leaders in Beijing and New York, and that Deputy President Paul Mashatile had with business leaders in London,” the President said. 

In September, the Bureau of Economic Research and Rand Merchant Bank published its first Business Confidence Index since the formation of the new administration. It pointed to “cautious optimism” about improving business conditions in key economic sectors. It said improved electricity supply and political certainty following the elections had likely contributed to this improved business confidence.

“Sentiment is more than a ‘warm and fuzzy’ feeling. It is made possible by real developments in the economy and the country. Business confidence goes beyond discussion in boardrooms and conference halls. 

“It is about the interest that is shown in our economy by all investors, both local and offshore. Sentiment has a direct impact on people’s lives as it can manifest itself in increased investments that can result in job creation,” the President said.

President Ramaphosa stressed that this rising confidence would have a tangible impact on the country’s fiscal health. 

“Improved investment sentiment will benefit our country’s fiscus. A stronger economic outlook will improve South Africa’s credit rating, which in turn will facilitate greater access to global capital markets and lower our borrowing costs. 

“When we spend less money on debt servicing costs, government has more space to increase its expenditure on building public infrastructure and providing education, healthcare, basic services and social support,” the President said. 

President Ramaphosa noted that improved sentiment had strengthened the currency, lowering the cost of imports like oil, which in turn reduces fuel prices and the overall cost of living for South Africans.

“Increased business confidence attracts higher levels of private investment in the economy. When investors are more optimistic about their business prospects, they are more likely to invest more capital and expand their existing operations. Improved confidence also encourages the start-up of new businesses. 

“More business activity creates more jobs and opportunities for our people. As businesses grow, they need to hire more employees and are able to increase wages,” the President said. 

President Ramaphosa explained that when people feel secure in their jobs and income, they spend more, boosting economic activity and increasing government revenue. 

He attributed the improved sentiment to the successful transition to the new administration, which enjoyed broad support and ongoing reforms that were addressing key economic and social challenges.

Another key development has been the country’s successful efforts to resolve the energy crisis.

“The country has had more than 200 days without load shedding. This has made a considerable difference to the lives of citizens and the operations of businesses. This work has also unlocked unprecedented levels of investment in the energy sector,” President Ramaphosa said. 

Reforms in the logistics sector were also gaining momentum, with improvements in the operational performance of the nation’s port and rail networks. These advances are expected to boost not only economic activity but also the everyday lives of South Africans.

While President Ramaphosa acknowledged that economic growth has yet to accelerate, he expressed optimism that the government was laying a solid foundation for long-term progress. 

“It is still early days for the Government of National Unity. The growth of our economy is still to pick up pace. However, a firm foundation is being laid, our growth prospects are being revised upwards and we are heading in the right direction,” the President said. 

The President concluded by emphasising the importance of maintaining this momentum. 

“It is clear that the improved confidence of the South African people and the positive sentiment among investors are well-founded.

“Our task now is to work together to further encourage hope and optimism by making a real and substantial difference in the lives of all South Africans," he said. – SAnews.gov.za

 

DikelediM
Mon, 10/14/2024 - 11:29

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Minister Godongwana, SARB pay tribute to Mboweni

Location: News

Minister Godongwana, SARB pay tribute to Mboweni

Minister of Finance Enoch Godongwana has passed his condolences to the family of Former Minister Tito Mboweni following his passing on Saturday evening.

Mboweni served as Finance Minister from 2018 to 2021, following the role Governor of the South African Reserve Bank (SARB), and the first Labour Minister of the democratic dispensation.

READ | Former Finance Minisiter Tito Mboweni passes on

“We have lost a titan. A thinker, a doer and above all - a patriot. I am lost for words and heart broken.

“It is hard to imagine the grief felt by those closest to him. Our thoughts are with them during this difficult time,” Godongwana said on Sunday.

The SARB joined the chorus of voices expressing condolences to the Mboweni family.

“Mr Mboweni’s passing is a great loss to South Africa, the continent and the global economic community. He played a meaningful role in driving economic transformation and social change throughout a distinguished career.

“Mr Mboweni guided South Africa through periods of great uncertainty, with a steady hand on the economy during the Global Financial Crisis of 2008 as Governor, and later shepherding the country’s finances through the challenges of the COVID-19 pandemic as Finance Minister,” the SARB said.

Mboweni served as Governor of the reserve bank for some 10 years – between 1999 and 2009.

“He was a passionate central banker and played a key role in building the SARB into the professional, formidable and purposeful organisation it is today. During his tenure, the SARB introduced live media conferences to publicly announce the decision of the Monetary Policy Committee, making it more transparent and accountable. 

“He also introduced the Monetary Policy Forums in provinces across the country, giving ordinary South Africans the opportunity to engage directly with SARB officials. It was also under his leadership that the SARB implemented South Africa’s inflation targeting policy, spearheading efforts to reduce inflation to within the target of 3%−6%.

“He advanced the modernisation of the SARB at large, including the national payment system, strengthened internal governance processes, and built a strong and sustainable leadership team. He played an impactful role on the global stage, driving meaningful change at various multilateral organisations,” the bank said.

The SARB added that it mourns Mboweni’s passing.

“We will miss his candour and sharp wit, which endeared him to many. Our thoughts and prayers go out to his family during this difficult and trying time.” – SAnews.gov.za

NeoB
Sun, 10/13/2024 - 10:37

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Former Finance Minisiter Tito Mboweni passes on

Location: News

Former Finance Minisiter Tito Mboweni passes on

President Cyril Ramaphosa has paid tribute to former Minister and Governor of the Reserve Bank, Tito Mboweni, following his passing.

Mboweni passed away on Saturday evening following a short illness.

“Given his sense of vitality and energetic and affable engagement with fellow South Africans, Dr Mboweni’s passing at 65 comes as a shock. We have lost a leader and compatriot, who has served our nation as an activist, economic policy innovator and champion of labour rights,” President Ramaphosa said.

Mboweni served as South Africa’s Minister of Labour in the first democratically elected Cabinet from 1994 to 1999. Following that, he served as the South African Reserve Bank Governor from 1999 to 2009.

His final official position in government was as the Minister of Finance in President Ramaphosa’s administration from 2018 to 2021.

Mboweni resigned from Parliament on 1 February 2022.

“As Governor and Finance Minister, he had a sharp focus on fiscal discipline and economic transformation. Tito Mboweni distinguished himself in different strategic roles in the private sector and was a flag bearer in global forums for our economy and developing economies more broadly.

“He conducted himself with expert rigour, while maintaining the personable touch that made him a social media star and ambassador for Modjadjiskloof’s culinary traditions. His passing is a great loss. May his soul rest in peace,” President Ramaphosa said. 

The life and times of Mboweni

The youngest of three children, Mboweni was born on 16 March 1959. He grew up in Tzaneen, Limpopo. 

He attended the University of the North between 1979 and 1980, where he registered for a Bachelor of Commerce degree. He did not complete his studies there and left South Africa to go into exile in 1980.

While in exile in Lesotho, Mboweni joined the African National Congress (ANC), and was an activist for the party in many capacities. 

He obtained a Bachelor of Arts (Hons) in Economics and Political Science from the National University of Lesotho in 1985. In 1988, he obtained a Master of Arts in Development Economics from the University of East Anglia in England.

Prior to his appointment as Minister of Labour, Mboweni was Deputy Head of the Department of Economic Policy in the ANC. He also represented the ANC on several domestic and international platforms. 

Mboweni was a member of the ANC's National Executive and National Working Committees, and was also chairperson of the National Executive Committee's Economic Transformation Committee, which coordinated the development of ANC economic policies. – SAnews.gov.za

NeoB
Sun, 10/13/2024 - 08:10

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African Energy Chamber Reaffirms Commitment to Host AEW in Cape Town Through 2030

Location: Business
African Energy Chamber

The African Energy Chamber (AEC) (www.EnergyChamber.org) – the voice of the African energy sector – is proud to announce that the African Energy Week (AEW): Invest in African Energy conference remains committed to hosting the African continent's most successful energy event in Cape Town. AEW was established in 2021 under the premise to make energy poverty history by 2030 and, now in its fourth immensely successfully edition, we remain devoted to keeping the event at Cape Town's International Conference Center (CTICC) until 2030. 

Africa Oil Week (AOW) recently confirmed it will hold its 2025 edition in Accra, Ghana, and while we wish them the best in their endeavors, the Chamber is steadfast in its commitment to hosting AEW – the continent's premier energy event – in Cape Town. In 2021, AOW made the decision to take its conference to Dubai, citing the fact that Africa was not equipped to host a large-scale conference in a safe manner due to the COVID-19 pandemic. AOW claimed that the event is focused on supporting Africa's needs, and yet the decisions to leave Cape Town for Dubai contradicted this very ambition. 

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

What AEW sought to prove, and was successful in doing, is that Africa has always been capable of hosting large-scale events. Under very strict COVID-19 safety measures, AEW 2021 hosted delegations from both the African and global energy sector. In 2022, the conference attracted thousands of delegates, while in 2023, the conference supported an even bigger and better event. When Africa needed investment, AEW was quick to respond, providing a platform where stakeholders could meet, and deals be made. 

Now, in 2024, AEW: Invest in African Energy continues our mandate to eradicate energy poverty by 2030 and serves as the official meeting place for Africa's energy elite. At the forefront of the African energy industry, the conference promotes the role Africa plays in global energy matters, centered around Africa-led dialogue and decision making. That's why we remain committed to Cape Town, a city that represents an industrial, business and socioeconomic hub for the entire African continent. Furthermore, AEW's focus transcends South Africa, with the event recognizing and supporting the development of various oil and gas projects across the continent.  

South Africa, and notably Minister Gwede Mantashe and the Department of Mineral Resources and Energy have been steadfast supporters of AEW since its inception in 2021. Through our partnership with the City of Cape Town and the government, we have created numerous job opportunities in Cape Town, contributing significantly to the local tourism industry and Cape Town-based vendors alike. We remain committed to our promise to position Cape Town as the hub for oil, gas and energy discussions in Africa. 

We reaffirm our pledge to maintain AEW's presence in Cape Town, rather than relocating to Dubai or other destinations outside of Africa. Our focus is on addressing key issues surrounding the African energy sector, ensuring that South African service providers, small business, local enterprises and stakeholders continue to benefit from our efforts. AEW not only generates jobs, but also stimulates economic growth. 

As the largest energy conference in Africa, we acknowledge the challenges faced by Cape Town and are dedicated to making a positive impact on the community. 

Meanwhile, outside of South Africa, the continent is seeing monumental growth. In Senegal and Mauritania, first production is soon expected for the Greater Tortue Ahmeyim conventional gas development while Senegal, just this year, achieved first oil production, thus showcasing the potential for offshore exploration and production investment. In Uganda, progress continues to be made on the Lake Albert Development, a multi-faceted project that promises new opportunities for energy security and industrialization in East Africa. In the Republic of the Congo, marginal projects are making headway as the government prioritizes gas investment and development while Libya recently announced that oil production has reached 1.217 million barrels per day. 

Meanwhile, South Africa's neighbor, Namibia, has made a litany of major oil and gas discoveries since 2022 and is making significant strides to develop these major finds. Mozambique is gradually making progress with its three major gas projects, opening new opportunities for regional trade. All of these projects and many more are showcased at AEW: Invest in African Energy, with investment opportunities made clear to existing and potential investors. AEW promotes the African position on the future of Africa's energy sector. By advocating personal responsibility, free markets, individual liberty and an enabling environment for investors, AEW ensure that Africa's oil and natural gas industry benefits Africans, rather than continuing a reliance on foreign aid and assistance.  

Therefore, we stand wholly committed to leveraging all Cape Town has to offer, a city that has been good to every edition of our conference since 2021. At the CTICC, we will continue to host panel discussions, investor forums, industry summits and one-one-one meeting opportunities and driving the discussions that will reshape the trajectory of the continent's energy development. 

“The Chamber is unwavering in our commitment to hosting AEW in Cape Town, a city that embodies the spirit of opportunity and innovation. The city is a hub for Africa's energy dialogue and, by staying here, we reinforce our mission to make energy poverty history by 2030. Cape Town has proven to be a premier venue for fostering critical dialogue and investment in Africa's energy sector and we believe that this vibrant city is the perfect backdrop for our mandate. Together, we will continue to drive progress and empower local stakeholders for sustainable growth,” states AEC Executive Chairman NJ Ayuk. 

Distributed by APO Group on behalf of African Energy Chamber.

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Lamola calls on African leaders to help end wars on the continent

Location: News

Lamola calls on African leaders to help end wars on the continent

While the media glare is on the Russia-Ukraine war - the genocide in Palestine, the conflict in Sudan, the war in the eastern Democratic Republic of Congo, and conflicts in the Sahel are as good as footnotes. 

These are the comments from the Minister of International Relations and Cooperation, Ronald Lamola, who expressed concern that not enough attention is being given to conflicts in Africa.

“We must take up our responsibility as Africans to help end these wars. We should work with external and international friends who act bona fide to end the war. Admittedly, this is not easy. 

“The presence of unconventional participants on both sides, including mercenaries, foreign volunteers, special forces, and paramilitary squads, has made Africa a place for proxy wars,” he said of Friday. 

Lamola delivered a keynote address at the Mapungubwe Institute for Strategic Reflection (MISTRA) Conference in Sandton.

The Minister used his platform to reiterate South Africa’s commitment to the maintenance of international peace and security, promotion of human rights and sustainable development. 

He said he was concerned that it was now easier to fund wars than to support development, adding that economic, financial, and cyber warfare, as well as artificial intelligence, have been “weaponised” and used on a large scale.

Lamola told delegates that the world was in a “grievous interregnum, and transitioning to the new is that dangerous”. 

“We are experiencing a proverbial ‘crisis moment’ in world affairs, which could easily become a ‘moment of calamity’.

“In this dangerous geopolitical moment, the champions of the liberal international order generally refuse to accept any notions of decline and would resist any attempt to emerge an alternative, least of all one from the Global South.”

Meanwhile, he stressed that geopolitical rivalry over people’s suffering was serious. 

“This is most evident in Sudan, where the conflict has created a humanitarian catastrophe unlike any other.”

However, he believes that South Africa’s elections beckons hope for democracy and that the way the Government of National Unity (GNU) was formed is a model for democracy worldwide.

“There comes a time when it is not absolute power that defines us but our collective ability to resolve our challenges and build a foundation of new frontiers for future generations.” 

Middle East

The Minister is of the view that the world is witnessing the making of a post-Cold War, with all the hallmarks that it could become an “unimaginable hot war”, with the Middle East as its centre point. 

“Turbulence, anarchy and combustion are the order of the day.” 

He believes that the Middle East crisis is becoming a proverbial shift in the global balance of power in front of our very eyes. 

“What started as plausible evidence of ‘genocide against the people of Palestine’ is now transforming into a real regional war that will have long-lasting ramifications for global peace and the economy and Africa in particular.”  

Lamola pointed out that those who were once at the heart of multilateral order are now at the forefront of undermining them. 

These, he said, include strategic pillars such as the Bretton Woods Institutions, the United Nations, and the General Agreement on Tariffs and Trade. 

“Imagine what the reaction of the world would be if an African State declared the United Nations Secretary-General a persona non grata like Israel did.” 

This is after Israel’s Foreign Minister, Israel Katz, announced on X that he had declared the United Nations Secretary-General, António Guterres, persona non grata or banned from setting foot in Israel.

“[The] Russia-Ukraine war, the genocide against Palestinians, trade wars that result in greater challenges in the global economy, and wars raging in Africa, with our continent becoming the theatre for proxy battles, all point to this moment of deep global crisis.” 

He said BRICS was determined to play this counter-balancing role for the development of the Global South.

BRICS originally consisted of Brazil, Russia, India, China, and South Africa. It has since expanded to include Ethiopia, Iran, Egypt, the United Arab Emirates, and others.

“After the 2023 expansion, especially to members from the MENA [Middle East and North Africa] region, BRICS is a real force to be reckoned with.

“We will ensure that it does not take its eyes off the peaceful settlement of disputes, the transformation of global multilateral institutions, development finance, and the agitation for a more equitable global order.” – SAnews.gov.za
 

Gabisile
Fri, 10/11/2024 - 12:50

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SA’s G20 Presidency a significant moment for the country’s young democracy, says Lamola

Location: News

SA’s G20 Presidency a significant moment for the country’s young democracy, says Lamola

International Relations and Cooperation Minister Ronald Lamola believes that South Africa’s G20 Presidency will be a significant moment in the country’s young democracy. 

“After the [2010] World Cup and the collective fight we mounted as a nation against COVID-19, it will be our biggest national project,” he said on Friday. 

The Minister was speaking during his keynote address at the Mapungubwe Institute for Strategic Reflection (MISTRA) Conference, in Sandton, Johannesburg.

South Africa will assume the G20 Presidency from Brazil in December this year. 

READ | SA committed to prioritising Africa’s development during G20 Presidency

President Cyril Ramaphosa announced that the theme of South Africa’s Presidency will focus on solidarity, cooperation and sustainable development.  

According to Lamola, South Africa plans to prioritise discussions on the Just Energy Transition, financing for development, transforming global financial structures, infrastructure development, and other critical issues. These include artificial intelligence, food security, and the debt trap.

“We must reverse the uneven distribution of resources for just transition. It is inconceivable that Africa receives less than 3% of the global climate change financing, while being the most affected continent. We will advocate for more resources to be allocated to Africa for climate change.” 

On Thursday, International Relations and Cooperation Director-General (DG) Zane Dangor emphasised South Africa’s commitment to prioritising Africa’s development and equality during its G20 Presidency.

Dangor, who also serves as South Africa’s G20 Sherpa, was speaking during a consultation meeting on the G20 with his African Union Commission (AUC) counterpart, Ambassador Albert Muchanga. 

He stressed that South Africa would place Africa’s development at the top of the agenda.

The DG said he hopes that South Africa’s G20 Presidency will bring to the fore the needs, not just of African countries, but other developing nations as well.

“The idea of strengthening the voice of the South is going to be very critical,” said Dangor. – SAnews.gov.za

Gabisile
Fri, 10/11/2024 - 13:24

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AEW 2024 Ministerial Lineup to Foster Strategies to Alleviate Energy Poverty in Africa

Location: News
African Energy Chamber

Energy and hydrocarbon ministers from across Africa have joined the African Energy Week (AEW): Invest in African Energy conference to discuss investment opportunities while engaging with financiers and project developers. Representing the entire energy value chain from oil and gas to renewable energy to power and infrastructure, regional ministers will unpack the continent's strategies to make energy poverty history by 2030.  

North African countries such as Libya and Algeria have set ambitious production targets for the coming years, aiming to plug Europe's energy gap while enhancing domestic energy access. Libya aims to boost output to 2 million barrels per day (bpd) in the next two to three years while Algeria aims to produce over 1.5 million bpd in 2025. Meeting production goals requires accelerated exploration, with both countries promoting investments in upstream drilling. At AEW: Invest in African Energy 2024, North African energy and hydrocarbon ministers will provide insight into these opportunities. They are joined by ministers representing global and African oil and gas organizations, including:  

  • Khalifa Abdulsadek, Minister of Oil & Gas, Libya 
  • Mohamed Arkab, Minister of Energy and Mines, Algeria 
  • Haitham Al Ghais, Secretary General, OPEC 
  • Omar Farouk Ibrahim, Secretary General of APPO 

In Southern Africa, the region is ripe with opportunity. An estimated 11 billion barrels has been found off Namibia's coast since 2022; over 100 trillion cubic feet (tcf) of gas found offshore Mozambique; and an estimated 200 tcf likely held onshore South Africa. While Angola - the second largest oil producer in sub-Saharan Africa – still offers significant potential in both on- and offshore basins, Southern African countries such as Zambia are largely underexplored, presenting strategic opportunities for exploration companies. At AEW: Invest in African Energy 2024, Southern African energy and hydrocarbon ministers will outline strategic basins and upcoming projects. Speakers include:  

  • Carlos Zacarias, Minister, Ministry of Natural Resources & Energy, Mozambique 
  • Diamantino Pedro Azevedo, Minister of Mineral Resources and Petroleum, Angola 
  • Gwede Mantashe, Minister, Ministry of Mineral Resources and Energy, South Africa 
  • Kgosientsho Ramokgopa, Minister of Electricity, South Africa 
  • Situmbeko Musokotwane, Minister of Finance and National Planning, Zambia 
  • Tom Alweendo, Minister of Mines and Energy, Namibia 

Recent offshore projects have positioned West Africa as a global hydrocarbon hotspot. Mauritania and Senegal's Greater Tortue Ahmeyim LNG project will start production this year, following the start of operations at Senegal's Sangomar Oil Project in mid-2024. Nigeria's Dangote Refinery – the largest in Africa at 650,000 bpd – recently secured a 400,000-bpd feedstock supply from the government a year after its start while Ivory Coast's Belaine project – the first net-zero upstream development in Africa – plans to commence phase two operations this December. Regional ministers will provide an update on ongoing projects, future investments and efforts to unlock additional reserves at AEW: Invest in African Energy 2024. Ministers include:  

  • Aboubacar Camara, Minister of Energy, Hydropower and Hydrocarbons, Guinea Conakry 
  • Birame Soulèye Diop, Minister of Energy, Oil and Mines Republic of Senegal 
  • Chief. Adebayo Adelabu, Minister of Power, Federal Republic of Nigeria 
  • Collins Adomako-Mensah, Deputy Minister of Energy in Charge of Power, Ghana 
  • Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), Nigeria 
  • Foday Mansaray, Director General, PDSL 
  • Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), Nigeria 
  • Matthew Opoku Prempeh, Minister of Energy, Ghana 
  • Mohamed Ould Khaled, Minister of Petroleum & Energy, Ministry of Petroleum, Mines & Energy, Mauritania 
  • Nani Juwara, Minister of Energy and Petroleum, The Gambia 
  • Viriato Luis Soares Cassama, Minister of Environment & Biodiversity, Guinea-Bissau 
  • Yacouba Zabré Gouba, Minister of Energy and Mines, Burkina Faso 

Central Africa – with major producers such as Equatorial Guinea, Gabon and the Republic of Congo – are inviting investors to support diversification efforts in production and refining. Leveraging natural gas, these markets aim to unlock reserves in both domestic and regional basins while boosting export capacity and intra-African trade. The Republic of Congo exported its first LNG cargo in 2024 from the Tango FLNG facility, targeting 3 million tons per year by 2025, while Equatorial Guinea forged an agreement with Nigeria to import and process gas at its Punta Europa facility. At AEW: Invest in African Energy 2024, regional ministers will outline these initiatives, while sharing insight into available opportunities in natural gas. Ministers include:  

  • Antonio Uburu Ondo, Minister of Mines and Hydrocarbons, Equatorial Guinea 
  • Bruno Jean-Richard Itoua, Minister of Hydrocarbons, the Republic of Congo 
  • Marcel Abeke, Minister of Petroleum, Republic of Gabon 

As a frontier market, East Africa is incentivizing exploration in both on- and offshore basins while driving infrastructure and field development projects forward. Uganda inked a deal with Ethiopia in 2024 to export crude via pipeline while South Sudan is seeking diversified export routes and promoting exploration onshore. Regional ministers will share more insights at AEW: Invest in African Energy 2024. Speakers include:   

  • Ing Habtamu Itefa Geleta, Minister of Water and Energy, Ethiopia 
  • Okasaai Sidronious Opolot, Minister of state for Energy, Ministry of Energy and Mineral Development, Uganda 
  • Puot Kang Chol, Minister Petroleum, South Sudan 

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.  

Distributed by APO Group on behalf of African Energy Chamber.

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3rd Project Steering Committee Meeting on Conserving Aquatic Biodiversity in Africa’s Blue Economy

Location: News

The African Union – Interafrican Bureau for Animal Resources (AU-IBAR)
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The third Project Steering Committee (PSC) meeting of the "Conserving Aquatic Biodiversity in Africa's Blue Economy" project took place on October 9, 2024, in Mombasa, Kenya. The meeting aimed to update stakeholders on project progress, discuss difficulties, and provide strategic guidance for the future. The meeting included discussions on the 2023-2024 work plan, no-cost extension activities, adopted recommendations, and strategic recommendations for future project implementation.

The opening session was chaired by Dr. Huyam Salih, Director of AU-IBAR, on behalf of H.E. Ambassador Josefa Sacko, Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable Environment. Dr. Salih welcomed participants and expressed gratitude to the Government of Kenya and the Swedish International Development Cooperation Agency (SIDA) for their continued support.

In his statement, Dr. Joachim Beijmo, Head of Regional Development Cooperation in Africa at the Swedish Embassy to the African Union, emphasized the importance of the Blue Economy for livelihoods and food security across Africa. He highlighted Sweden's commitment to aquatic biodiversity conservation and development cooperation across many sectors, with the Blue Economy being a key priority. Dr. Beijmo underscored the potential of the Blue Economy to improve livelihoods and noted that the sustainable management of aquatic ecosystems is a global concern. He welcomed the growing interest from diverse stakeholders, including local communities, and emphasized the importance of cooperation among institutions to maximize synergies. However, he also warned about the increasing threats to ecosystems, such as overfishing, and reaffirmed Sweden's commitment to expanding Marine Spatial Planning (MSP) initiatives and supporting local communities in conservation efforts.

Dr. Ndiaga Gueye, Senior Fisheries and Aquaculture Officer at FAO's Regional Office for Africa, commended AU-IBAR for its achievements in aquatic biodiversity conservation and called for continued efforts in this critical area. He pointed out the vulnerability of oceans and inland waters and noted that the fishing industry is at a crossroads. Dr. Gueye stressed the need for greater investment in capacity building to achieve Sustainable Development Goal (SDG) 14, which focuses on life below water. He also highlighted the importance of international agreements, which can take time to implement, and emphasized the essential role of the private sector in the sustainable management of aquatic resources. Access to data, knowledge sharing, and enhanced communication were identified as key enablers for achieving these goals.

In his remarks officially opening the meeting, Mr. Rodrick Kundu, Secretary of the State Department for Blue Economy and Fisheries, Kenya, highlighted the challenges faced by aquatic ecosystems, including pollution and the impacts of climate change, which have severely undermined the productivity of fisheries resources. He stressed that when the productivity of these resources declines, the livelihoods of millions of people, especially those dependent on fisheries, are negatively affected. Mr. Kundu acknowledged Kenya's leadership in promoting the Blue Economy, citing its role in high-level initiatives such as the Blue Growth concept and its participation in the High-Level Panel for a Sustainable Ocean Economy. He also noted the significant benefits Kenya has gained from the project, particularly in terms of capacity building among local communities.

Solidarity Messages from the Regions

Representatives from the five regions of Africa shared insights on their countries' progress in aquatic biodiversity conservation:
- Uganda: Ms. Grace Namukasa, representative of the Ministry of Agriculture, Animal Industry, and Fisheries, highlighted Uganda's achievements in transboundary aquatic ecosystem management. She emphasized the importance of regional cooperation to address challenges in aquatic biodiversity and noted Uganda's commitment to sustainable resource management.
- Côte d'Ivoire: Mr. Yao N'da Firmin, Director of Blue Economy and Coastal Environment, underscored the critical role of fisheries in food security in West Africa. He explained that Côte d'Ivoire has implemented systems for managing biodiversity and is currently working on its second Marine Spatial Planning (MSP) project. Mr. Firmin emphasized the need for integrated strategies to enhance the conservation of aquatic biodiversity and adapt to emerging challenges.
- Cameroon: Prof. Paul Tchawa, Secretary General of MINEPDED, discussed Cameroon's National Strategy on mangrove conservation and climate change adaptation. He stressed the importance of solidarity and complementarities among African countries to defend their shared interests in aquatic resource conservation.
- South Africa: Mr. Belemane Semoli, Chief Director of Aquaculture and Economic Development, reiterated the significance of sustaining aquatic biodiversity for mitigating climate change and promoting sustainable development. He highlighted that maintaining biodiversity is essential for both aquatic ecosystems and human life, providing energy, food, shelter, and livelihoods. Mr. Semoli noted South Africa's Marine Spatial Plan and Ocean Plan, which recognize the contributions of all sectors, and identified the challenge of balancing conservation with realizing the socio-economic benefits of the Blue Economy.

Technical Sessions and Presentations

Key presentations covered the progress of the project, recommendations from the PTC, the project's no-cost extension activities, and budget updates. The PSC members endorsed the presentations and commended AU-IBAR for the significant achievements made so far.

Emerging Issues and Recommendations

Several important issues were raised during the meeting, including the need for:
- A second phase of the project to ensure sustainability and broader coverage across Africa.
- Increased collaboration with regional institutions to strengthen capacity-building efforts.
- Greater private sector involvement to support the long-term sustainability of the project.
- Addressing the challenges of plastic pollution and expanding training programs to replicate the project's successes in other regions.

The PSC members endorsed the recommendations from the 3rd PTC and approved the work plan for the no-cost extension. They recommended the preparation of a comprehensive report on the 3rd PSC meeting and requested AU-IBAR to share its exit strategy with PSC members. They also urged AU-IBAR to begin preparations for a second phase of the project and to enhance partnerships with both regional institutions and the private sector.

The meeting concluded with closing remarks from Dr. Huyam Salih, AU-IBAR Director, as well as representatives from Uganda and SIDA. SIDA noted the significant progress made, the valuable recommendations provided, and the strong leadership demonstrated throughout the project. FAO acknowledged the relevance of the successful recommendations shared during the exchanges.

In her vote of gratitude, the president of AWFISHNET emphasised the importance of women's participation in the initiative. A government officer from Kenya formally ended the meeting. The significance of ongoing communication with member nations was stressed by Mr. Rodrick Kundu in his concluding remarks. He emphasised the significance of establishing mechanisms for cross-border cooperation, bringing project initiatives down to the local level, and keeping partnerships and accountability at the forefront of the project's objectives. At its third meeting, the Project Steering Committee (PSC) reaffirmed AU-IBAR's dedication to protecting aquatic biodiversity in Africa and fostering long-term growth in the Blue Economy across the continent.

Distributed by APO Group on behalf of The African Union – Interafrican Bureau for Animal Resources (AU-IBAR).

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SA called to protect girl children 

Location: News

SA called to protect girl children 

President Cyril Ramaphosa has called on South Africans to protect, promote and respect the rights of girl children, as the world commemorates International Day of the Girl Child.

“On this day, we recognise the rights of girl children everywhere: their right to live, freedom and safety; their right to education and health care, their right to opportunity and above all, to be treated equally.

“Let us commit to protecting and nurturing our nation’s girl children. Together, let us, as South Africans, be aware of the rights of the children, and to respect them, and to protect them, and above all, to honour them. Let us build a country where every girl child can fulfil her potential and realise her dreams,” President Ramaphosa said on Friday.

He lamented that in many parts of the world, girl children are subjected to “gender apartheid”.

“In many parts of the world, girls face a terrible plight. They are victims of conflict, human trafficking and sexual violence. In places like Afghanistan, girls face the worst form of gender apartheid. They are denied the rights to education, freedom, as well as even having a voice. 

“In some parts of the world, young girls are taken out of school early to work inside and outside their home,” the President said.

South Africa is committed to all global instruments aimed at the prosperity of girl children.

“South Africa is committed to upholding the United Nations Convention on the Rights of the Child and all global instruments to advance the rights of women and girls. 

“Gender equality is enshrined in our Constitution. We have progressive laws to advance the rights of girl children to ensure that they have opportunities and to protect them from abuse and exploitation. 

“I call on all South Africans to be part of the global effort to protect an advance the rights of girls,” said the President. 

According to the United Nations (UN), International Day of the Girl Child “focuses attention on the need to address the challenges girls face and to promote girls’ empowerment and the fulfilment of their human rights”.

In December 2011, the UN General Assembly adopted Resolution 66/170 to declare 11 October as the International Day of the Girl Child. – SAnews.gov.za

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Majodina to participate in Africa and Cairo Water Weeks

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Majodina to participate in Africa and Cairo Water Weeks

Water and Sanitation Minister Pemmy Majodina is set to participate in the 9th Africa Water Week (AWW) and 7th Cairo Water Week (CWW) from Sunday.

The session will be held from Sunday, 13 October to Thursday, 17 October in Cairo, Egypt.

The 9th edition of the Africa Water Week will this year be held jointly with the Cairo Water Week, hosted by the government of the Arab Republic of Egypt, through the Ministry of Water Resources and Irrigation.

The Africa Water Week is an African Ministers' Council on Water (AMCOW) flagship initiative to facilitate the dissemination, sharing, networking and brokering of knowledge and information on water management and Water, Sanitation and Hygiene (WASH) services provision in Africa.

Since the establishment of the AWW, participants have included Ministers and representatives responsible for water affairs in Africa; development partners and civil society organisations from Africa and beyond.

Held under the theme “Placing Water and Sanitation at the Heart of Achieving Agenda 2063: The Africa We Want, “Africa Water Week will have three running sub-themes.

The sub-themes include financing, investments and resource mobilisation; water supply, sanitation, hygiene, and wastewater; and water infrastructure for economic production, climate resilience, and disaster risk reduction.

“With less than two years before the end of the Africa Water Vision 2025, the 9th Africa Water Week aims to evaluate progress made in implementing the vision, consolidate the gains and derive lessons for the future,” Majodina said.

Meanwhile, the Cairo Water Week to be held under the theme “Water and Climate: Building Resilient Communities” aims to explore the intricate relationship between water and climate, emphasising their collective impact on community resilience.

Discussions will extend beyond recognition, delving into the need for sustainable and adaptive practices that fortify communities against the challenges of climate change and water scarcity.

Climate change 

As part of the event, various related sub-themes and sub-topics will be explored in plenary and technical sessions organised by international and regional organisations.

Majodina said government is standing at a defining moment as climate change is a lead conversation with rising sea levels that increase chances of floods, its impact on droughts and changing weather patterns that force changes in agricultural productions.
She said the impacts are global, hence the importance of the Cairo Water Week Theme.

“As a country, we are constantly working towards Goal Six of the Sustainable Development Goal (SDG), which aims to ensure the availability and sustainable management of water and sanitation for all. I look forward to engaging with my counterparts from across the continent and learning from their work and taking some of the lessons home,” Majodina said.

During her visit, Majodina will attend high-level plenary sessions and will be meeting with her Egyptian counterpart, Water Resources and Irrigation Minister, Professor Hani Sewilam.

The Minister will also be delivering keynote addresses at sessions convened by Water and Sanitation on the African Transboundary Management Benchmarking and Youth, Gender and Social Inclusion workshop, among others.

The Youth, Gender and Social Inclusion Strategy is aimed at addressing power imbalances and social inequalities based on various social identities.

Taking an action-oriented, and youth and women-led approach; it is improving the terms on which individuals and groups take part in society - improving the ability, opportunity, and dignity of those who have been disadvantaged based on their identity. – SAnews.gov.za
 

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Cabinet welcomes UNGA resolution on Israel’s occupation

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Cabinet welcomes UNGA resolution on Israel’s occupation

Cabinet has welcomed the United Nations General Assembly’s (UNGA) historic resolution that declared Israel’s occupation of East Jerusalem, the West Bank, and Gaza unlawful, and mandating the complete withdrawal of Israeli settlers and soldiers.

“This resolution is not only significant for South Africa’s case at the International Court of Justice (ICJ) but that developed countries such as Spain, Belgium and Japan joined most of the countries of the global South in supporting the resolution,” Minister in The Presidency Khumbudzo Ntshavheni said on Thursday in Pretoria, during a media briefing.

With the escalation of conflict in Sudan, Cabinet has called on all Sudanese to adhere to the guidelines of the African Union and Intergovernmental Authority on Development to end the conflict. 

“South Africa stands ready to offer its expertise to assist parties, role players and other relevant stakeholders to collectively work towards finding lasting peace in the Sudan,” the Minister said.

Meanwhile, Cabinet noted President Ramaphosa’s Working Visit to the Kingdom of Lesotho at the invitation of King Letsie III. 

“During the visit, the President attended the 58th Lesotho Independence Day and Bicentennial Celebration, and also delivered remarks during the celebrations to commemorate the Basotho Nation’s rich heritage,” Ntshavheni said. - SAnews.gov.za
 

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African Energy Week (AEW) 2024 National Oil Companies (NOC) Lineup to Unlock Project, Partnership Opportunities in Oil and Gas

Location: News
African Energy Chamber

African energy demand is projected to more than double by 2050, with fossil fuels anticipated to account for up to 60% of the continent's energy mix by 2040. This trend highlights the growing importance oil and gas will continue to hold in Africa. In partnership with international oil companies and private E&P firms, the continent's national oil companies (NOC) are responding to this projection by prioritizing fast-tracked project development, promoting collaborative exploration and production to bring new reserves online.

The upcoming African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 in Cape Town – features a strong lineup of African and global national oil companies (NOC). This lineup reflects a strong intention by NOCs to collaborate, unlock additional reserves and drive oil and gas projects forward across both emerging and mature markets in Africa.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

Southern Africa has yielded some of Africa's biggest oil and gas finds in recent years. Namibia – which featured a string of offshore finds since 2022 – has rapidly emerged as an oil and gas hotspot, with Galp Energias' Mopane discovery estimated to hold 10 billion barrels alone. In South Africa, the 2019 Brulpadda discovery accounted for 10% of the overall discovered volumes in Africa that year while the Luiperd find accounted for 80% of the continent's volumes discovered in 2020. Mature producers such as Angola also continue to unlock additional reserves, with ExxonMobil announcing a discovery at the Likember-01 research well in Block 15 this year. At AEW: Invest in African Energy 2024, Angola's NOC Sonangol, Namibia's NAMCOR and South Africa's SANPC will speak on these discoveries and future opportunities.

East Africa is one of the world's final frontiers for oil and gas exploration, with major discoveries made in recent years showcasing the potential for billion-barrel projects. In exploration, offshore basins in Tanzania have shown trillions of cubic feet of gas while onshore acreage in Uganda holds the promise of new oil supplies. While various cross-border infrastructure projects, LNG facilities and field developments are underway, the region offers significant potential for exploration. During AEW: Invest in African Energy 2024, East African NOCs including the Tanzania Petroleum Development Corporation; Uganda National Oil Company; and National Oil Company of Malawi will unpack this potential, sharing insight into ongoing projects and untapped investment opportunities.

Contrastingly, West Africa holds some of the biggest oil and gas producing markets on the continent. These include the Republic of Congo – which is diversifying its energy matric through billion-dollar gas investments; Equatorial Guinea – which is diversifying LNG feedstock through agreements signed with regional neighbors; and Gabon – which aims to boost production to 220,000 barrels per day. Concurrently, markets such as Cameroon, Liberia and Ivory Coast hold strategic potential for exploration firms, with recent finds underscoring opportunities in frontier drilling. At AEW: Invest in African Energy 2024, NOCs to the likes of Société nationale des pétroles du Congo; GEPetrol; Gabon Oil Company; and Ghana National Petroleum Corporation are participating. Additionally, the National Hydrocarbons Corporation of Cameroon; the National Oil Company of Liberia; and Petroci have joined.

While West African countries account for a large share of African hydrocarbon production, the same can be said for North Africa, with Algeria representing the largest natural gas producer in Africa. The country's production measured over 100 billion cubic meters (bcm) in 2023, with ambitions to exceed 200 bcm in production over the next five years. During 2024, up to 8 oil and gas discoveries have been made, with the NOC Sonatrach signing several exploration agreements with the likes of TotalEnergies, ExxonMobil and more to unlock additional basins. Sonatrach is participating at AEW: Invest in African Energy 2024.

In addition to African NOCs, global counterparts including the respective NOCs of Saudi Arabia and Azerbaijan have also joined the conference to discuss investment opportunities, future collaborations and how knowledge-sharing can support the next generation of oil and gas projects. Saudi Aramco, for example, which represents one of the biggest gas producers worldwide, offers a wealth of expertise for African NOCs. Similarly, the National Oil Company of the Azerbaijan Republic, an expert in refining and infrastructure development, stands ready to support Africa as it scales-up domestic refining capacity.

Distributed by APO Group on behalf of African Energy Chamber.

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SA, Norway Ministers to drive talks on climate change mitigation

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SA, Norway Ministers to drive talks on climate change mitigation

South Africa’s Minister of Forestry, Fisheries and the Environment, Dr Dion George, and his counterpart from Norway, Minister of Climate and Environment Tore Onshuus Sandvik, have been appointed to steer informal consultations on mitigation before and during the United Nations Climate Change Conference (COP29).

The Ministerial Pair was appointed by COP29 President-designate and Minister of Ecology and Natural Resources in the Republic of Azerbaijan, Mukhtar Babayev.

Minister George said he was honoured to accept the important and challenging assignment from the President-designate for COP29.

“The designation of South Africa as a ministerial co-facilitator recognises the country’s long-standing leadership role at the international multi-lateral climate negotiations in ensuring the voices of developing countries are well reflected in the multilateral deliberations, and our national level leadership to implement Just Transitions,” George said.

In their consultations, Ministers George and Sandvik will be engaging with parties and all negotiating groups to conduct informal consultations on concrete issues related to the content on mitigation and linkages to the process at large.

It is anticipated that the pair’s consultations will foster a comprehensive understanding among ministers and their delegations regarding the priorities, perspectives, and areas in need of political guidance in the lead up to and during COP29.

“This is the challenge of our time, and I am honoured to continue South Africa’s leadership,” George said.

The appointment comes as the Minister prepares to participate in this year’s Pre-COP event, taking place from 10-11 October 2024, in Baku, Azerbaijan.

Pre-COP29 brings together ministers to discuss the key political aspects of the negotiations, find solutions to outstanding issues, and set the tone for the upcoming COP29.

Minister Babayev will open Pre-COP proceedings on Thursday alongside COP28 President and United Arab Emirates Special Envoy for Climate Change, Dr Sultan A. Al Jaber, among others.

The opening will be followed by a Plenary discussion on the Road to COP29 and various Climate Change Labs. The second day of Pre-COP will consist of plenary discussions on “Unlocking the potential of Article 6” and “Taking forward the outcomes of the first Global Stocktake (GST)”, before proceedings are concluded. - SAnews.gov.za
 

 

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Can Africa Secure Its Future in a Changing Energy Landscape?

Location: News

AOW: Investing in African Energy
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The pipeline of gas projects being developed in Africa has never been stronger. However, if the continent is to be competitive in an extremely dynamic international gas market, it must ensure that it offers value. 

This means shaping an offer that meets the financial and environmental sustainability needs of stakeholders. Africa's gas investment proposition must be relevant and future-proof, if it is to continue to attract global capital. 

This was the consensus at a panel discussion on Day 1 of AOW: Investing in African Energy – Africa's leading oil, gas and energy event. 

Over the past few years, gas development ambitions have grown – in the public and private sector – supported by renewed exploration and production activity and pragmatic energy transition plans. This is especially true now, with gas increasingly accepted as the ideal bridging fuel, balancing the continent's growing energy needs with its decarbonisation commitments. 

“Natural gas is at the centre of what we are doing in Africa,” said Mario Bello, Head of Sub-Saharan Africa Region at Eni. “It's the cleanest fossil fuel, producing fewer emissions than coal, so it plays an important role as we transition to renewables.” 

Eni enables this through its Floating Liquified Natural Gas (FLNG) projects, particularly in Mozambique and the Republic of Congo. Bello emphasised the technology's ability to unlock stranded offshore gas resources, accelerate project timelines, and contribute to both domestic energy security and export revenue. “Floating LNG is the key to unlocking the region's gas potential, making it easier and faster to develop offshore resources,” Bello explained.  

However, financing these ambitious projects remains a significant hurdle. Paul Eardley-Taylor, Head of Oil & Gas, Southern Africa, at Standard Bank, emphasised the need for bankable projects that address investor concerns, particularly around sovereign risk. He highlighted the transformative potential of both large-scale LNG projects and smaller, domestically focused gas ventures.  

“The impact of these projects in African markets is incalculable,” Eardley-Taylor said, citing the potential for job creation, economic growth, and improved energy access. He further emphasised the importance of small-scale LNG and helium projects, particularly in markets like South Africa and Namibia.  

Equinor's Senior Vice President for Africa, Nina Birgitte Koch, stressed the importance of a stable investment climate to attract international capital. She highlighted the need for competitive projects with strong environmental credentials, particularly in reducing carbon emissions. “CO2 is the key criteria,” Koch said. “It's not just a ‘nice to have' any more. I don't think it's possible to get capital to a big LNG project unless it's highly competitive when it comes to CO2."  

The panel also discussed the critical role of technology and regional cooperation in maximising the benefits of Africa's gas resources. Gianluca Ciricugno, Africa Director, Enterprise Customer Solution at Baker Hughes, emphasised the need for a long-term vision and collaboration between governments, investors, and technology providers.  

“It requires a broader vision, probably government and all the people around the table, with a long-term approach… and not just four-year terms,” Ciricugno urged, highlighting the need for stable regulatory frameworks and a commitment to infrastructure development.  

Dr Tshepo Mokoka, Group COO of South Africa's Central Energy Fund (CEF), echoed the call for government intervention to address market failures and unlock investment. He outlined CEF's role in enabling critical gas infrastructure projects, such as the Romp pipeline and LNG import terminals. “We need to solve the market failure,” Dr Mokoka said, highlighting the need for government-backed gas offtake agreements and risk-sharing mechanisms to attract private capital.  

ExxonMobil's Executive Director Global, LNG Marketing, Deri Irawan, emphasised the importance of a holistic approach to project development, considering not just the technical and economic aspects but also the social and political landscape. He highlighted the need for strong partnerships and stakeholder engagement to ensure long-term project success. “It is insufficient to just bring a commodity to the doorstep,” Irawan explained. “You also need to unlock that value chain.” 

With Africa on the cusp of a gas revolution, the panel's message was clear: the continent has the resources, the ambition, and the opportunity to become a major player in the global gas market. 

However, success hinges on creating a stable and attractive investment climate, embracing technological innovation, and fostering regional collaboration to ensure that Africa's gas resources benefit both its people and the planet.  

Distributed by APO Group on behalf of AOW: Investing in African Energy.

Owned by Sankofa Events, AOW (https://apo-opa.co/3ZVcWNe): Investing in African Energy is Africa's leading oil, gas & energy event, uniting industry leaders to develop policy, share discoveries, secure investment, and shape Africa's energy future. The event runs from 7 – 10 October 2024 at the CTICC 2, Cape Town. 

Read moreCan Africa Secure Its Future in a Changing Energy Landscape?

Carbon pricing poses threat to economies of developing countries

Location: News

Carbon pricing poses threat to economies of developing countries

While South Africa is committed to the decarbonisation agenda, Deputy Minister of Forestry, Fisheries and the Environment Narend Singh has raised concern that a carbon price to the production of emissions-intensive goods could exacerbate inequality, poverty and unemployment in developing countries.

“There are many hurdles which industry will be confronted with in their efforts to decarbonise, particularly in developing countries such as South Africa. Key for us is to take the necessary key steps to transition, without adversely affecting the competitiveness of such industries and leaving no one behind,” the Deputy Minister said on Tuesday.

He made these remarks during an Industry Conference on bridging compliance: Carbon Border Adjustment Mechanism (CBAM), environmental, social, and governance (ESG) and the South African metals and engineering sector.

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) in collaboration with the Danish Industry (DI) hosted the conference. 

It was attended by senior government officials, industry leaders, policy makers as well as sustainability experts who explored the intersection of the looming CBAM and ESG reporting requirements from the European Union and how this is likely to affect the metals and engineering sector which is an export intensive sector. It is also a heavy emitter of greenhouse gas emissions.

ESG sustainability reporting requirements by business, point to responsible business conduct that includes taking measures to lower pollution, and carbon dioxide (CO2) output, and reducing waste.

“We remain concerned that outside of multilateral processes such as the United National Framework Convention on Climate Change (UNFCCC), discussion and agreement [on] the CBAM policy design of using market principles to cut GHG [greenhouse gas] emissions will create a direct impact on developing countries’ such as South Africa, exacerbating inequality, poverty and unemployment. This we should take all measures to guard against,” Singh explained.

Carbon border adjustment mechanisms (CBAMs), or border carbon adjustments (BCAs), are mechanisms that aim to increase the consistency in the application of carbon pricing between goods produced in different jurisdictions but traded between those jurisdictions.

Most commonly, they involve a jurisdiction that applies a carbon price to the production of emissions-intensive goods, such as through an emissions trading system (ETS) or carbon tax, seeking to apply an equivalent carbon price to imports of those goods from overseas jurisdictions.

Carbon cost liability, reflections

Practically, this could mean that South African exports of carbon-intensive goods would face an extra carbon cost liability in some jurisdictions.

“The Department of Forestry, Fisheries and the Environment has been actively engaged in the decarbonization of the steel sector. As you are well aware, the steel sector, is one of the hard to abate sectors, and is highly energy intensive.

“The department, in collaboration with the Department of Trade, Industry and Competition and in partnership with the Organization for Economic Cooperation and Development (OECD), has been working closely with industry association, the South African Iron and Steel Institute (SAISI), and industry partner, ArcelorMittal, together with other players, to determine what may be the low hanging fruit for a low carbon transition.

“The entire value chain has to be reflected upon - both upstream and downstream players. This is work in progress, and indeed comes with its own set of challenges, in the form of necessary research and development, capacity development, and the much-needed capital investment,” Singh said.

Green steel

He mentioned green hydrogen, as an option for the production of green steel.

“Sectoring scrap metal market as input material for the steel sector to lower the carbon footprint, would be another option. Refurbishment of existing technology and investment into new and energy efficient technologies are other options.

“Downstream industries are also faced with competition on imports. Therefore, compliance and enforcement are important, and so is the provision of the necessary legislative measures,” the Deputy Minister said.

Just Transition

South Africa recognises the need for climate action to be centred on a Just Transition, meaning a transition to net-zero carbon emissions society that accommodates the needs of workers and communities, which may be negatively affected through the loss of jobs or activities as a result of a move to a lower carbon economy.

“The Climate Change Act, which was signed into law by President Ramaphosa in July 2024, sets out South Africa’s national climate change response, including mitigation and adaptation actions, which also constitutes South Africa’s fair contribution to the global climate change response.

“The Climate Change Act enables the alignment of policies that influence South Africa’s climate change response, to ensure that South Africa’s transition to a low carbon and climate resilient economy and society is not constrained by policy contradictions.

“The Climate Change Act also sets out measures to enhance South Africa’s ability and capacity over time to reduce greenhouse gas emissions, and build climate resilience, while reducing the risk of job losses, and promoting new job opportunities in the emerging green economy,” said the Deputy Minister.

He added that the Nationally Determined Contributions (NDC) for South Africa have been informed by peak, plateau and decline in terms of carbon emissions reduction.

The NDC cover adaptation, mitigation as well as finance and investment requirements and is based on equity.

READ | Comments sought draft First Biennial Transparency Report

“The recent Bid Window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the work of the Just Energy Transition (JET), green hydrogen generation, are key steps in a positive direction.

“South Africa remains committed to stabilising the GHG concentration in the atmosphere and contribution to the global temperature goal of keeping temperature well below 2 °C and pursuing efforts to 1.5 °C below preindustrial levels in line with the principle of common but differentiated responsibility and respective capabilities (CBDR-RC),” he said. -SAnews.gov.za

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Two illegal miners arrested at Makhonjwa World Heritage Site

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Two illegal miners arrested at Makhonjwa World Heritage Site

Deputy Minister of Forestry, Fisheries and the Environment Narend Singh has welcomed the arrest of two illegal miners at the Barberton Makhonjwa World Heritage Site.

“The arrests mark a significant step in the government's ongoing efforts to protect South Africa’s irreplaceable natural and cultural heritage,” the Deputy Minister said on Tuesday. 

Singh commended the actions by the Green Scorpions which resulted in the arrest of two individuals involved in unlawful mining activities within the Barberton Makhonjwa World Heritage Site on Monday.

The operation is part of the broader government strategy to combat illegal mining across the country and aligns with the nationwide efforts to tackle the rise in illegal mining operations, which are not only detrimental to the environment but also contribute to other social and economic issues. 

The Barberton Makhonjwa World Heritage Site, forms part of United Nations Educational, Scientific and Cultural Organisation (UNESCO) World Heritage Centre and it is recognised for its well-preserved succession of volcanic and sedimentary rock formations dating back 3.5 billion years.

The area is home to rich a biodiversity and some of the planet's earliest life forms, attracting scientists and researchers from around the world. 

It was officially proclaimed a protected area on 12 March 2021, under the National Environmental Management: Protected Areas Act, which prohibits mining and other harmful activities in such sites.

"This World Heritage Site represents not only one of the oldest landscapes on Earth but also one of the most ecologically and scientifically significant. Unlawful mining and other destructive activities in this protected area pose a grave threat to the preservation of this unique site, which holds immense global value. These actions cannot and will not be tolerated,” the Deputy Minister said.

In addition to mining, the investigation uncovered violations under the National Forests Act, with evidence of destruction and damage to indigenous trees and natural forests.

“These offences not only threaten our natural heritage but undermine our sustainable development goals. Our natural forests and ecosystems are vital to the survival of countless species and are irreplaceable. We must act to protect them now, or risk losing them forever," Singh said. - SAnews.gov.za

nosihle
Wed, 10/09/2024 - 09:23

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