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One Week to Go Until Investors Unite at AEW

Location: News
African Energy Chamber

The largest gathering of energy stakeholders on the African continent is gearing up to welcome global and African energy stakeholders for five days of dialogue and deals. African Energy Week (AEW): Invest in African Energy 2024 – dubbed the premier event for the African energy sector – will take place from November 4-8 in Cape Town, South Africa. The foremost platform to sign deals and further the agenda towards making energy poverty history by 2030, the conference will feature seven stages, including five content stages, two technical hubs and a full day of pre-event workshops.

With over 125 million barrels of proven oil reserves, 620 trillion cubic feet of natural gas and abundant opportunities in solar, wind and green hydrogen, Africa has the potential to become a global hub for energy. 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. As such, this year's conference promises to drive a new wave of investment across the African energy sector, with industry experts and thought-leaders, African governments and national oil companies (NOCs), and energy investors leading discussions on the challenges and opportunities found on the continent.

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.

Africa's energy industry is both the backbone of the continent's economy and a catalyst for sustainable growth worldwide. As such, the AEW: Invest in African Energy 2024 conference will feature a series of pre-event interactive workshops, providing an opportunity for companies to share in-depth knowledge and exchange ideas with a targeted group of delegates. The workshops, hosted by companies such as Rystad Energy, NCDMB, CLG, Energeo Alliance and S&P Global Commodity Insights, will cover various topics including energizing Africa amid the global energy transition; legislative and regulatory context for promoting investment in exploration; and facilitating investments and mergers and acquisitions across the continent.

A high-level opening ceremony will kick off at the Cape Town International Convention Center (CTICC) on the first day of the event. The opening ceremony will feature addresses from Angola's Minister of Mineral Resources and Petroleum Diamantino Azevedo and South Africa's Minister of Electricity and Energy Kgosientsho Ramokgopa, and discussions with the likes of Dr. Omar Farouk, Secretary General of the African Petroleum Producers' Organization and Chairman and CEO of upstream oil company Kosmos Energy Andy Inglis. The AEW: Invest in African Energy 2024 opening will kick off a week of intense dialogue on the future of the African energy industry. The opening will also feature a number of panel discussions focusing on the vital role Africa plays in addressing global energy security, as well as keynote addresses from the heads of some of the largest energy companies in the world.

Representing the entire energy value chain from oil and gas to renewable energy to power and infrastructure, AEW: Invest in African Energy 2024 will feature a massive slate of regional ministers with the aim of unpacking the continent's strategies to make energy poverty history by 2030. Ministers from Libya and Algeria are poised to showcase North Africa's ambitious production targets while aiming to plug Europe's energy gap and enhance domestic energy access. Southern Africa's ripe opportunities in energy and mining will be put on display by ministers from Mozambique, Angola, South Africa, Zambia and Namibia while West African ministers from the MSGBC region, Nigeria, Ghana and Burkina Faso will provide updates on ongoing projects. With major producers such as Equatorial Guinea, Gabon and the Republic of the Congo (ROC) inviting investors to support diversification efforts in production and refining, regional ministers from Central Africa will share insight into available opportunities in oil and gas, mining and infrastructure. Meanwhile, as a frontier market, East Africa is incentivizing exploration in both on- and offshore basins while driving infrastructure and field development projects forward and will be represented by energy and mining ministers from Ethiopia, Uganda, and South Sudan.

Africa is accelerating the pace of upstream projects with the aim of boosting production and intra-African petroleum distribution. Across both mature and emerging hydrocarbon markets, investment opportunities continue to emerge, and as such, AEW: Invest in African Energy 2024 will feature a strong lineup of VIP speakers from energy supermajors Eni, bp, Chevron and TotalEnergies. The event will also feature representatives from some of the continent's most important energy players including Azule Energy, ReconAfrica, Etu Energias, Africa Oil Corp., Wood Mackenzie and Adarco Energy, among many more. The oil industries of African countries will be represented by NOCs from Angola, Namibia, South Africa, Tanzania, Uganda, among others.

With two technical hubs on the exhibition floor of the CTICC, the conference serves as a prime platform for companies to provide presentations on various industry-leading technical themes. The AEW: Invest in African Energy 2024 technical track features a dedicated stage for asset owners, engineers and technology innovators to present projects, provide deep insights into cutting-edge solutions, and share best practices to foster knowledge. Attendees will gain valuable insights into the future of energy and learn about ground-breaking projects while discovering new opportunities for collaboration and investment. An exclusive exhibition-only pass grants delegates access to both the innovative exhibition floor and the technical track.

Rounding off AEW: Invest in African Energy 2024's strong program, a series of technical excursions and site visits across Cape Town offer participants the unique opportunity to gain insight into ongoing projects and developments in South Africa. A guided tour of the Hydrogen Project at the University of the Western Cape will focus on industry technology and development. The tour will also take delegates to the South African Renewable Energy Technology Center at the Cape Peninsula University of Technology, which stands as the country's inaugural sustainable energy development technology facility. The excursion will feature a tour of the Atlantis Special Economic Zone, which stands as a promising landmark in Africa's energy landscape while showcasing advancements in sustainable energy solutions, economic development and innovation. Rounding off the site visits, the tour will also take participants to the Eskom Palmiet Power Station, a hydroelectric pumped storage facility that plays a key role in stabilizing the national power grid.

“AEW 2024 stands at the center of African energy and provides an unparalleled platform to forge partnerships, share knowledge and drive progress in the continent's energy sector. It is our collective responsibility to prioritize energy poverty alleviation and sustainable development, ensuring a brighter future for all Africans. We look very much forward to kicking off this exciting event and welcoming hundreds of delegates from all over the world to drive Africa's energy needs,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

During the AEW: Invest in African Energy 2024 conference, delegates will be exposed to project updates, industry highlights, investment opportunities and strategies that address the continent's goals for eradicating energy poverty and promoting environmental sustainability. With one week to go, the conference is already stacking up to become the foremost energy event of its kind once again on the African continent.

Distributed by APO Group on behalf of African Energy Chamber.

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Africa urged to act now against climate change

Location: News

Africa urged to act now against climate change

With climate-driven events such as droughts and floods disrupting agricultural production across the continent, and leading to increasing food insecurity, government has called on the Southern African Development Community (SADC) to act now against climate change.

“To counter this, it is essential to promote sustainable agricultural practices, improve irrigation systems, invest in agricultural research and technology, and develop resilient crop varieties,” Deputy Minister of Forestry, Fisheries and the Environment, Narend Singh, said on Wednesday in Durban.

He pointed out that Africa’s reliance on natural resources, rain-fed agriculture, and inadequate infrastructure makes it particularly vulnerable to the impacts of climate change. 

The Deputy Minister was addressing the Environmental Assessment Practitioners Association of South Africa (EAPASA) Regional Conference, which is taking place under the theme: "SADC Sustainable  Synergies".

Singh said integrated environmental management and social tools provide a comprehensive framework for sustainable development, one that balances economic growth, environmental conservation and social equity. 

“This integrated approach is vital for addressing the many environmental challenges our continent faces, while simultaneously promoting inclusive growth and resilience. By embracing this method, we ensure that development is not only sustainable but also equitable, benefiting both present and future generations.

“The time to act is now. The environmental challenges we face do not respect borders or timelines, and every day we delay, the cost to our region and our people increases. 

“As we transition our key economic sectors towards low carbon, climate resilient and a just society, it is important that our strategic, integrated and environmental impact assessments pay attention to the balance in social, economic and environmental aspects of sustainable development path and ultimately the achievement of our Nationally Determined Contribution (NDC),” the Deputy Minister said.

He emphasised the importance of prioritising a sustainable just transition path that pays attention to addressing the challenges of poverty, unemployment and inequality.

South Africa’s just transition path

He said South Africa’s Just Energy Transition (JET) programme has emerged as a crucial response to the climate crisis, setting an ambitious course for the nation to shift away from coal, while building a low-carbon, climate-resilient economy. 

“The JET programme has already made strides in diversifying our energy mix by investing in renewable energy sectors such as solar, wind, and green hydrogen.

“We have closed some coal plants and retrained workers, ensuring that the transition is just and inclusive. This transformation is more than just an energy strategy; it is a fundamental reimagining of our future, one that presents profound opportunities for collaboration with SADC countries. 

“By working together on cross-border energy projects, technology sharing, and capacity building, we can build a united front that not only mitigates climate change but also spurs economic growth and energy security across the region,” the Deputy Minister said.

He touched on the significance of regional cooperation, which is essential in the quest to balance environmental sustainability with economic development. 

“This year marks six years since the Department of Forestry, Fisheries, and the Environment appointed EAPASA as the sole registration authority under Section 24H of the National Environmental Management Act (NEMA). 

“It is truly remarkable to witness how, in just six years, this young organization has successfully convened SADC members for the third time in such a short period. This achievement speaks to the tremendous commitment to our region and the greater cause of environmental stewardship.

“As we implement our individual laws and regulations, we must remain mindful that our true success will be measured by how well we collaborate. I urge you to envision the SADC region as a unified entity, one where our systems are integrated and harmonised to enable development that benefits not only our generation but those to come,” the Deputy Minister said. - SAnews.gov.za

nosihle
Wed, 10/23/2024 - 12:06

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Eskom’s system showing better health 

Location: News

Eskom’s system showing better health 

Electricity and Energy Minister, Dr Kgosientsho Ramokgopa, has announced that Eskom’s unplanned capability loss factor (UCLF) has significantly improved, indicating that the system is becoming healthier.

“If you look at what the UCLF recorded over the past seven days, you see that we’ve been averaging at about 10 500 megawatts, essentially 10 500 megawatts of capacity that is installed was not available on account of various reasons. [These include] the units failing and units not performing at their optimal capacity. If you had to compare this with the same period last year, it’s an improvement of about 5 000 megawatts. 

“That’s significant, and that’s why we have been able to keep the lights on [for a] very considerable period,” Ramokgopa explained on Monday. 

WATCH | Minister Ramokgopa briefs media 

The Minister was briefing media in Pretoria on the Independent Power Producer (IPP) programme as part of his regular energy security updates. 

“It’s important that we’re able to consistently improve this kind of result. And of course, in numbers, it means that there’s less and less reliance on diesel to power our electricity requirement.”

Starting from 1 April to 17 October 2023, Eskom spent about R18 billion to prevent power cuts, down by R12 billion compared to the same period this year. 

“There’s less reliance on diesel. And if you look at the open cycle gas turbines (OCGT) load factor, the percentage of time that we’re relying on these at the same period last year, we were sitting at about 8.95% and this year, we were sitting at about 4.59%,” Ramokgopa said.

The Minister believes that this speaks to the improvement of Eskom’s systems, which he stated will be passed on to the end consumer. 

Load shedding

Ramokgopa said it was an “anomaly” to celebrate the fact that there were 208 days of no load shedding. 

“That should be the standard… The standard is that there shouldn’t be any load shedding, and the standard should further suggest that we should not rely on expensive fuel sources to keep the lights on.

“This is not an achievement but a step in the right direction. An achievement will be when there’s no load shedding and [we] can use a cheaper form of existing generation for us to keep the lights on. And that’s where the Independent Power Producer programme comes in.” 

IPP programme

Shifting his focus to the IPP programme, Ramokgopa said that the programme has procured 15 432 megawatts of renewable energy since its inception in 2011, with 8 231 megawatts currently in the market to be evaluated and 1 897 megawatts under construction.

Ramokgopa said the seventh administration plans to be aggressive in procurement, with interventions to improve the programme’s structure and efficiency.

The renewable energy projects are concentrated in the Western Cape, Northern Cape, and the Eastern Cape, leveraging optimal renewable energy resources.

In addition, the Minister said this move has created 85 800 job opportunities and contributed significantly to local economies, with a focus on socio-economic transformation.

Ramokgopa announced that the project has seen significant market confidence, with international and domestic investments totalling R272 billion. 

The focus, he stressed, is on making electricity generation more affordable and competitive, to reduce reliance on expensive fuel sources.

“The focal point of the ministry is to ensure that we can reduce the cost of electricity in the country, make businesses competitive, and ensure that [sustain power] in households.” – SAnews.gov.za

Gabisile
Mon, 10/21/2024 - 14:11

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Vantage Capital Concludes a €66M Deal With Camusat

Location: Business
Vantage Capital Group

Vantage Capital (www.VantageCapital.co), Africa's largest mezzanine fund manager, announced today that it had closed a €66 million mezzanine investment in Camusat Holding S.A.S, the proceeds of which will be used to refinance debt and fund the capital expenditure required for expansion of the group's AktivCo division. Vantage Capital's investment is part of a global financing package of €81m provided in consortium with Eurazeo, a leading European investment group. 

Camusat is a leading telecommunications player managing fully integrated and sustainable business models for the deployment and management of telecom infrastructure whilst championing the decarbonization of mobile network operators (MNOs). Partnering with major investment funds that support green investments, Camusat is pursuing its ambition to become the leading “Infra as a Service”  partner for the mobile telecom industry, with a broad presence in emerging markets, especially in Africa. The group operates across twenty countries (including fifteen on the African continent) and through two synergistic divisions, AktivCo and OpCo: 

  • AktivCo is the Infrastructure as a Service business structuring and financing complex transactions under long-term contracts to transform the telecom infrastructure by applying sustainable business models. With a strong focus on low carbon footprint solutions and digitalization of operations, AktivCo accelerates the expansion and modernization of MNOs' infrastructure and reshapes the telecom world for cleaner communications; and  
  • OpCo is a telecom service partner that combines technical expertise with operational excellence to design, build, and manage  telecom infrastructure. 

Since inception, Camusat has been capitalizing on the rapid expansion of the telecom industry, but most importantly the ever-growing need of MNOs to outsource non-core operations to specialized service providers. This trend is observed worldwide but is more prevalent in emerging markets, especially Africa. As network coverage remains relatively low, MNOs are being pushed by regulators to ramp up their infrastructure investment especially to increase coverage in rural areas, where most of the population lives. MNOs therefore need to contract with service providers like Camusat to support the rapid and viable roll-out and management of their tower infrastructure. 

In this context, Camusat has established itself as the key strategic partner for telecom operators such as Orange, Moov Africa (Maroc Telecom group), MTN, Vodafone, Airtel and others. The group's comprehensive offering drives long-term performance for mobile networks and inclusive connectivity, digitalization and sustainable access to technology, making it a one-stop-shop for MNOs. Its multi-decade experience and track record attest to the quality of its performance. 

Mr. Richard Thomas, CEO of Camusat, commented, “we are very pleased to have concluded the transaction with Vantage Capital. This financial and strategic partnership comes at a time when we are further expanding our presence in Africa, and we are confident that Vantage Capital's extensive network and expertise on the continent will be a great support in achieving our objectives.” 

Mr. Luc Albinski, Executive Chairman at Vantage Capital, added, “we are proud to partner with such a leading and dynamic group as Camusat. Throughout the process, we have been impressed by management's deep knowledge of the telecom industry, but also their firm commitment to help increase connectivity in parts of Africa where network coverage remains underdeveloped.” 

Mr. Thibaut de Rodellec, Deputy CEO of Camusat, said, “we were convinced from our very first discussions that Vantage Capital and Camusat would be a great fit. We always look beyond the financial aspect when forming new partnerships, and we were glad to discover that our firms share common ethics, vision and dedication. We will ensure this partnership is a success for all stakeholders.” 

Mr. Driss Benabdeslam, Partner at Vantage Capital, concluded, “by investing in Camusat, we are backing a group that is engaged in a vital and buoyant industry and constantly strives for operational and corporate excellence. Camusat has incorporated best-in-class ESG practices and implemented various CSR measures directed at supporting local communities and minimizing greenhouse gas emissions from the telecom sector. We are thrilled to support the group in creating more value and generating an even greater positive social impact over the years to come.”  

This transaction represents Vantage Capital's 39th investment across four generations of funds with its portfolio of investments spread across eleven African countries.   

Vantage Capital was advised by Clifford Chance (in Morocco) who acted as its legal counsel. KPMG (in France) and Webber Wentzel (in South Africa) provided tax advice, KPMG (in France) was the financial advisor, Emerton (in France) provided commercial advice, and Ibis Consulting (in France) reviewed the environmental impact. 

Camusat was advised by Goodwin Procter (in France) who acted as their legal counsel and Marlborough Partners (in France) who acted as financial advisor. 

Distributed by APO Group on behalf of Vantage Capital Group.

For more information contact: 
Luc Albinski
Executive Chairman 
luc@vantagecapital.co.za  
Driss Benabdeslam 
Partner
driss@vantagemezzanine.com  

About Vantage Capital: 
Founded in 2001, Vantage Capital is an Africa-focused fund manager that has raised funds of over $1.6 billion. 

Since 2006, Vantage Capital's Mezzanine division has made 39 investments across four successive funds into 11 African countries, making it the largest and most experienced independent mezzanine funder on the continent. In addition, Vantage Capital's GreenX division has made 15 senior debt investments into South African solar and wind energy projects across three funds. Vantage Capital launched Vantage Best in Class in 2022 to provide long-term financial and strategic support to education businesses operating in Europe, the Middle East and Africa. As a first step, Vantage Best in Class has partnered with Maple Bear Global Schools, the largest and fastest growing franchise of K-12 bilingual schools in the world in a €100 million investment programme for the Central & Eastern European region. 

Vantage Capital targets mezzanine debt opportunities of $10-50m across more than a dozen key African markets. 

Mezzanine debt is an intermediate form of risk capital, which is situated between senior debt, the least risky tranche of the capital structure, and equity, the riskiest tranche of the capital structure. It combines elements of both debt and equity thereby providing companies with long-term funding on terms which are less dilutive to shareholders than pure equity. 

Website: www.VantageCapital.co.za  

About Camusat:  
Headquartered in Paris, Camusat is a global group operating in the telecommunications industry across Africa, Europe, the Middle East, and Latin America.  

Over almost five decades of existence, it has established itself as leading player and a key partner for telecom operators, thanks to a comprehensive offering and best-in-class capabilities. With the launch of its AktivCo division in 2017, the group pioneered the ESCO (Energy as a Service) and TWESCO (Tower & Energy as a Service) models in Africa, enabling clients to achieve significant cost-savings and streamline their cash outflows, while ensuring a positive environmental impact with the use of renewable energies, low environmental solutions and smart technologies to support the deployment, extension and management of telecom infrastructure. The group has been able to secure infrastructure debt funding from major development finance institutions, including FEI (Facility for Energy Inclusion), Africa Go Green Fund, Proparco, and Norfund. 

Camusat employs more than 2,000 people and is guided by a highly dedicated and experienced management team with deep industry expertise and firm commitment to financial, operational, and environmental excellence.  

Since 2016, the group has been majority-owned by Equistone, a leading mid-cap private equity fund in Europe with 12 billion euros of assets under management since inception. Camusat's management owns the remaining share capital. 

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Empowering Africa’s Energy Future With Advanced Power Solutions

Location: Business
HIMOINSA

HIMOINSA (www.HIMOINSA.com), a leader in power technology solutions and part of the Yanmar Group, is proud to announce the launch of its latest innovation: the HGY Series. This new engine line, with a capacity range from 1250kVA to 3500kVA (with future plans to reach 4000kVA), has the potential to significantly help address Africa's growing energy needs, particularly in key sectors critical to the continent's economic development, such as healthcare, mining, oil and gas, and tech hubs like data centers.

Download document: https://apo-opa.co/3NyfcCw

With the HGY Series, HIMOINSA enters the high-capacity engine segment, providing tailored solutions that meet the needs of Africa's mission-critical sectors where reliable and efficient power generation is vital. The company's focus on Africa reflects its strategic commitment to supporting the continent's rapid industrialization and infrastructure expansion.

Delivering Reliable Power Where It Matters Most

Africa is home to some of the world's fastest-growing economies, yet power generation remains a critical challenge in several key regions. HIMOINSA's HGY Series engines are engineered to deliver robust and sustainable solutions, particularly in areas with unstable national grids, helping to mitigate downtime, load-shedding and other challenges. By offering flexible fuel options, currently capable of operating with a range of diesel types and HVO (hydrotreated vegetable oil), with future plans to support natural gas and hydrogen, the HGY Series ensures that businesses and communities across Africa have access to low-emission, efficient, and reliable power, regardless of local grid conditions.

Guillermo Elum, HIMOINSA's EMEA Region Head, highlighted the company's dedication to the African market: “Africa is a key growth region for HIMOINSA, and our approach goes beyond merely selling products; we are committed to building local capacity. Our training programs in Angola, South Africa, Morocco, Togo and soon, in Tanzania, ensure that African technicians and engineers are fully equipped to manage and maintain our technology, creating skilled jobs and developing expertise across the continent.”

Boosting Africa's Economic Growth

The launch of the HGY Series is part of HIMOINSA's broader investment strategy to support Africa's economic development. The company's Spanish production facilities, including a new factory in Murcia with a capacity of 1,000 units currently under construction, are set to help supply the African market, ensuring fast delivery and minimal logistical challenges, so businesses can rely on timely support and services. Additionally, its focus on training and local partnerships enhances the technical skills of local communities, empowering them to manage critical power infrastructure and stimulating economic growth.

Francisco Gracia, CEO of HIMOINSA, stressed the significance of the HGY Series for Africa: “We see enormous potential in Africa's industrial and digital sectors, and the HGY Series is a powerful tool for realizing that potential. From supporting vital healthcare facilities to powering new data centers that drive digital transformation; to providing continuous power for mining projects, our solutions are designed to make a tangible impact in Africa's growth story. This launch is more than just a product introduction; it is our commitment to being a partner in Africa's progress.”

Dedicated to Sustainability in Africa

The HGY Series engines are not just about power—they are about powering Africa sustainably. Designed to work seamlessly with micro-grids and renewable energy sources, these engines offer a viable solution for rural and urban areas seeking to integrate intermittent solar and wind power into their energy mix. HIMOINSA's generators support Africa's energy transition, aligning with the continent's growing focus on renewable energy and reduced carbon emissions.

The company's presence in Africa through divisions in Angola, South Africa, Morocco, Togo, and Tanzania enables it to deliver localized support in the continent's most widely spoken languages. This commitment to on-the-ground engagement ensures that African clients receive comprehensive training and support, helping businesses reduce operational costs and improve efficiency.

Driving Innovation Across Africa's Most Critical Sectors

HIMOINSA's new HGY Series is ideally suited for sectors that drive Africa's economic growth. Data centers, which are rapidly expanding due to the rise of digital services and AI, can now benefit from high-capacity, low-emission solutions designed to minimize downtime and optimize performance. Healthcare facilities, often located in remote or underserved areas, will gain access to dependable power solutions essential for life-saving equipment. Mining operations and oil and gas fields can also leverage the versatility and efficiency of the HGY engines to operate in demanding environments, ensuring continuity even when the grid fails.

https://HGY-Series.HIMOINSA.com/

Distributed by APO Group on behalf of HIMOINSA.

About HIMOINSA: 
Founded in 1982, HIMOINSA is a global leader in the design and manufacture of power generation solutions. With a wide range of products including generator sets, lighting towers, and energy storage systems, the company has a track record of delivering reliable, efficient, and innovative power solutions. As part of the Yanmar Group, HIMOINSA combines decades of expertise with cutting-edge technology to meet the evolving energy needs of customers worldwide.

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Applied Artificial Intelligence (AI) And Deep Tech Innovations Take Centre Stage

Location: Business
Expand North Star

Expand North Star 2024 (www.ExpandNorthStar.com), the world's largest startup and investment event, continued its journey of innovation on its third day at Dubai Harbour. Attendees from around the world witnessed revolutionary advancements in Applied AI and Deep Tech, demonstrating how these technologies are disrupting industries and solving complex global challenges.   

Integrated with GITEX GLOBAL, Expand North Star runs until 16 October, providing a powerful platform for over 1,800 exhibiting startups and more than 1,200 investors managing assets exceeding USD $1 trillion. 

Applied AI and Deep Tech Innovations Redefine Healthcare and Space Innovation 

Day three was a showcase of next-generation solutions in robotics, AI, and deep tech, providing a glimpse into the future of these sectors.  

Cutting through the noise were innovative startups such as China's RoboCT with their innovative exoskeleton technology, launching the UGo Rehab Exoskeleton, specifically designed for patients with lower-limb dysfunction, spinal cord injury, strokes, or cerebral palsy. Dr. Tian Wang, Founder and CEO of RoboCT Group, stated, "UGo enhances the rehabilitation process and delivers an effective walking training solution by integrating advanced sensors, data analysis, and research, empowering patients to rehabilitate more effectively at home."  

On the digital health frontier, JADE introduced a platform tailored for neurodivergent children, including those with ADHD, down syndrome, and autism. The app's sophisticated tracking of eye movements, cognitive response times, and memory functions equips healthcare professionals and educators with precise data to create personalised care and learning strategies.  

Meanwhile, scanO, a pioneering Indian-born deep tech company, is leading the way in developing generative AI models for predicting disease progression. The company showcased its flagship product, scanO air—the world's first contactless AI-powered robotic system for oral health screening—revolutionizing early detection and diagnosis. 

In space technology sector, Triggers-Reports from Mauritius introduced Triggers-sat, a satellite platform that provides high-resolution imaging and 3D modeling to assist businesses and governments in areas such as natural resource management and climate risk disaster monitoring. 

Rising International Participation from Asia and Latin America  

As the global innovation hub, Expand North Star continues to see international participation rise, showcasing how regions and countries are pushing boundaries with novel solutions. 

Tatiana Riera, COO of ApexBrasil, highlighted Brazil's expanding presence at Expand North Star: "From just 20 startups in 2019, we have expanded to 45 startups this year, along with four innovation hubs. Brazil is a great hub for fintech because of the diversity in social levels, so most of our unicorns come from fintech. We also focus a lot on Deep Tech, AI, and climate tech solutions since we have six biomes and need to take care of them. We have a company that uses natural foam to build soundproof material for construction and another company building silent tractors that run on renewable energy."   

Similarly, Singapore's SGTech made a noteworthy debut at Expand North Star, emphasizing the importance of cross-border collaboration in driving tech-driven solutions forward. Alex Ng, Exco Member, SGTech said: "Singapore's innovative startups are making a significant impact at Expand North Star 2024, with six outstanding companies exhibiting under the Singapore Pavilion. These companies showcase cutting-edge technologies across various sectors, including digital twins, industrial AI and biotech, with the event serving as a groundbreaking global launchpad for startups to foster valuable networking with investors." 

Africa's Path to Economic Growth 
With global participation continuing to flourish, the spotlight also turned towards Africa, where burgeoning tech ecosystems are paving the way for a new wave of entrepreneurs and innovators. H.E. Savannah Maziya, Minister, Ministry of Information, Communications & Technology, Eswatini, alongside other thought leaders, emphasised the importance of structured development to tackle unique market challenges and unlock Africa's economic potential.   

Celina Lee, CEO & Co-Founder, Zindi, South Africa, highlighted the trend of talent returning to Africa to start companies and create ecosystems that foster innovation and attract global corporations like Microsoft to set up labs in Ghana and Nairobi.   

Speaking on the challenges facing Africa, Olatunbosun Alake, Honorable Commissioner, Ministry of Innovation, Science and Technology, Lagos State Government, Nigeria, said, "The greatest challenge in Africa is education. In Nigeria, if you look at the most educated parts, they show economic value, whereas in the north, where education levels are not as high, economic productivity is lower. There needs to be an African Renaissance of education funding across the board because if you drive education, educate, and enlighten people, people will change the environment.” 

Across its four-day span, Expand North Star continues to shed light on the future of industries through defining events such as GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. These events underscore how emerging technologies are transforming the way we live and are also playing a pivotal role in reshaping the future.  

Distributed by APO Group on behalf of Expand North Star.

Media Contact: 
Tayce Marchesi, PR Manager, DWTC | tayce.marchesi@dwtc.com     
Ahmad Khalloudi, Account Manager, Seven Media | ahmadkhalloudi@sevenmedia.ae 
Doyin Odulana, Senior PR Manager, Seven Media | adedoyinodulana@sevenmedia.ae 

Follow Expand North Star on Social Media: 
Facebook (https://apo-opa.co/487fqdm)| X (https://apo-opa.co/4h5l6sx)| Instagram (https://apo-opa.co/4eIQXhe)| LinkedIn (https://apo-opa.co/485znl3)
Hashtag: #ExpandNorthStar 

About Dubai World Trade Centre (DWTC):  
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region's leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region's growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai. 

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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
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email: florekharris@africanoilandgassummit.com
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Minister announces project preparation bid window

Location: News

Minister announces project preparation bid window

A first of its kind project preparation bid window that will allow state owned entities, public entities and municipalities to apply for project preparation support has been announced.

Public Works and Infrastructure Minister, Dean Macpherson and Acting Head of Infrastructure South Africa (ISA), Mameetse Masemola launched the project preparation bid window in Johannesburg on Tuesday.

“As we unveil the first-of-its-kind project preparation bid window, we are taking a decisive step towards achieving the economic growth and job creation that our country so desperately needs,” said the Minister.

The bid window invites submissions from national and provincial governments including state owned entities, public entities, municipalities and private sector projects to apply for project preparation support.

Macpherson said the initiative was a crucial step toward expanding infrastructure investment in the country adding that the announcement represents an important moment for South Africa and an evolution in the work that Infrastructure South Africa does.

“No longer are we talking about the pipeline of infrastructure projects, we are building.

“This initiative will enable us to move beyond the talking phase and focus on action—on laying the foundations for sustainable infrastructure that will support long-term development.

“It is not just about bricks, mortar, or steel. It is about creating a solid foundation for our economy to thrive, for our people to prosper, and for our nation to rise. 

“Infrastructure development touches every aspect of our lives, from the water we drink to the roads we drive on and it has the power to transform not only our economy but our society as a whole. The project preparation bid window we are unveiling today is therefore a game-changer.”

Macpherson said for far too long, one of the major barriers to infrastructure development in South Africa has been the lack of sufficient project preparation support.

“We are providing the tools necessary to ensure that infrastructure projects are shovel-ready, so they can be implemented efficiently and effectively,” he said.

Working together with ISA at the helm, government will see more cranes in the sky, more roads being built and more renewable energy projects coming online.

Masemola said one of the major contributing factors to under investment in infrastructure is the lack of sufficient project preparation support for infrastructure projects.

“To address these challenges and unlock the potential of infrastructure investments in South Africa, the National Treasury has granted ISA a project preparation fund to support project development to accelerate the pace and quality of infrastructure delivery,” she said.

Masemola said in future, ISA seeks to catalyze seed funding to blend with other project preparation facilities available to develop viable and bankable infrastructure projects.

The project preparation support is set to extensively expand the ability of construction projects to be implemented in South Africa. This as one of the major contributing factors to under-investment in infrastructure is the lack of sufficient project preparation support.

The new bid window builds on the 12 infrastructure initiatives President Cyril Ramaphosa previously announced at the Sustainable Infrastructure Development Symposium South Africa (SIDSSA) in March this year which already benefits from the first R179 million in project preparation funding allocated by the National Treasury to ISA to support catalytic projects that otherwise would not progress to implementation stage.

Applications

Applications for the next phase of project preparation bid window announced by the Minister today can made at ISA. 
Applications close on 06 December 2024 and is specifically for projects valued at more than R1 billion which have the potential to crowd in investment from alternative sources such as Multilateral Development Banks and Development Finance Institutions other than the national fiscus.

Successfully selected projects will receive comprehensive project preparation assistance including funding structuring support, technical support, legal support, institutional and governance arrangements, capacity deployment and regulatory compliance studies.

The following priority sectors will be considered for project preparation financing:

Energy
Water and Sanitation
Transport (major roads, airports, ports and freight transport)
Human Settlements (excluding student accommodation)
Social Infrastructure (Education & Health)
Municipal Infrastructure (focus will be on infrastructure projects that have potential to leverage private sector financing)
Industrial Development Zones & amp, Special Economic Zones (IDZs &amp, SEZs).

Guidelines for the project preparation bid window can be found on www.infrastructuresa.org. – SAnews.gov.za
 

 

Edwin
Tue, 10/15/2024 - 14:34

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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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SA Petroleum Company Bill to be submitted to Parliament

Location: News

SA Petroleum Company Bill to be submitted to Parliament

Cabinet has approved the submission of the South African National Petroleum Company (SANPC) Bill of 2024 to Parliament. 

The Bill provides for the establishment of a state-owned company, giving effect to the Cabinet decision of 10 June 2020 to merge PetroSA, South African Gas Development Company (iGas) and the Strategic Fuel Fund Association. 

“Local refining capacity in South Africa is largely held by international oil companies (IOC), which poses a risk to security of liquid fuels as IOCs are shutting down refineries. 

“The proposed Bill positions the company as the national champion that will hold oil and gas exploration rights on its own and hold shares through State carry method in privately held rights,” Minister in The Presidency Khumbudzo Ntshavheni said on Thursday in Pretoria during a media briefing. 

In addition, Cabinet has approved the publication of the draft Petroleum Products Bill for public comments.

“The purpose of the Bill is to ensure security of petroleum products and orderly development of the petroleum products sector, including the introduction of modern, cleaner products and renewable components which will improve the energy mix. 

“The Bill will contribute towards the government priorities on economic transformation and job creation in the South African petroleum products sector governance and will address several concerns that were raised in relation to the administration of the Petroleum Products Act, 1977 (Act 120 of 1977),” the Minister said.

Meanwhile, Cabinet has approved the submission of the draft Mine Health and Safety Amendment Bill to Parliament. 

“The draft Bill seeks to amend the Mine Health and Safety Act, 1996 (Act 29 of 1996) by streamlining administrative processes, strengthening enforcement provisions, reinforcing offences and penalties, and amending certain definitions. 

“The draft Bill will, among others, guarantee that health and safety standards are effectively implemented, enforced and improved in mines, thereby reducing fatalities, injuries and occupational diseases,” the Minister said. - SAnews.gov.za
 

nosihle
Thu, 10/10/2024 - 12:16

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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

nosihle
Wed, 10/09/2024 - 09:04

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Mantashe to Attend Major AOW Energy Event

Location: News
AOW: Investing in African Energy

South Africa's Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October.

AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa's energy future. This year's event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies.

Announcing Mantashe's confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair said that the presence of the host nation's two most senior energy leaders confirmed that Africa was committed to taking ownership of its own energy destiny.

“We are excited to welcome Mr Mantashe to AOW, where he will share stages and attend sessions with ministers from many other countries, as well as senior players from energy businesses and multilateral forms,” said Sinclair. “We are proud to provide an environment where Africa's energy leaders can discuss the latest industry trends, and how the continent can help to shape them.”

Mantashe has been a regular keynote speaker at previous AOW events, and the announcement of his attendance comes as lucrative energy opportunities open across the continent – in responsible oil exploration and production, in renewable energy, and in the trade of natural gas as a high-demand future fuel.

Ongoing major oil-and-gas discoveries in the Orange basin, offshore South Africa and Namibia, have highlighted the scale and importance of these opportunities – for African governments, their people, and energy businesses.

“The world's energy markets are in the midst of a dynamic transition,” said Sinclair. “Navigating that transition requires industry partnerships. Africa is showing that not only does it have massive resources, it also has the networks, the financial innovation and the commitment to develop those resources for Africa's people, and all stakeholders.”

This year marks 30 years of the industry-leading AOW event. The four-day conference, exhibition and investment forum brings together governments, regulators, global operators, power producers, investors and service providers.

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

About AOW: Investing in African Energy:
Owned by Sankofa Events, AOW: Investing in African Energy (https://AOWEnergy.com/) 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.

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Government ”deepening conversation” on draft IRP 2023

Location: News

Government ''deepening conversation'' on draft IRP 2023

Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, says government is “deepening the conversation” on the draft Integrated Resource Plan (IRP 2023).

The Minister was speaking during the 2024 Windaba Conference, being held at the Cape Town International Convention Centre, on Thursday.

“We are doing a review. [IRP 2023] had gone out for public consultation; received 4000 submissions; 250 of those have been substantive - and I said to the team, we will sit with those who have made substantive contributions so we are not re-opening the window of public consultation. We are simply deepening that conversation because some of the submissions raise issues around the assumptions and the modelling and therefore how you arrive at the aggregate of the [energy] mix.

“It is in our interest as government to listen to the sector and the experts…because beyond these ones who adopt it, it’s an IRP that represents the country,” he said.

The minister added that those engagements seek to address some “quantitative expressions” in some aspects of the plan.

Turning to the renewable energy sector, Dr Ramokgopa emphasised that the department is engaging with all stakeholders in the energy sector, to find solutions for South Africa’s energy ambitions. 

“It is our intention to ensure that we scale up the renewable energy share of the energy mix in the country. We have had conversations with the nuclear sector. We have had conversations with the gas players. We have had conversations with those in the renewable energy space [and] we will have conversations with those in the coal space.

“It’s important that we move away from an idea that the one solution is better than the other,” he said.

With regard to South Africa’s commitment to lowering carbon emissions, the Minister said the country wants to “green the South African economy”.

However, that transition must take into cognisance the effects it may have on certain sectors.

“There’s the socio-economic elements. So, as we do this, we’re looking to broaden the floor of industrialisation - reskilling people; skilling people so that there’s justice in the Just Transition.

“You don’t want to decimate an economy because you want to transition; put people into conditions of abject poverty because they are unemployed as a result of the displacement of certain technologies being replaced by others and not taking account of what are the implications from a socio-economic point of view,” Ramokgopa said. – SAnews.gov.za

NeoB
Thu, 10/03/2024 - 11:26

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Transport infrastructure is the foundation of Africa’s economic progress

Location: News

Transport infrastructure is the foundation of Africa's economic progress

Transport infrastructure is the cornerstone of regional economic progress and South Africa aims to offer practical collaboration on bi-national projects that would boost the African continent and its economy. 

This is according to Deputy President Paul Mashatile who was speaking at the Standard Bank Infrastructure Focus Engagement with British development finance institutions in London, United Kingdom.

“By collaborating closely, we can create a more resilient and inclusive infrastructure ecosystem that benefits everyone,” the Deputy President said on Tuesday. 

The country’s second-in-command is in the United Kingdom for the second leg of his weeklong working visit to improve trade and investment relations between the two nations.

READ | Mashatile kicks off working visit to the UK

He took the platform to urge the Standard Bank Group to exploit the opportunity afforded by infrastructure investment in South Africa. 

“Let us embark on this road with a common goal of prosperity, sustainability, and advancement for our country. Our motto in the Presidency is the speed of execution, the cornerstone of getting things done,” he added. 
He told the attendees that infrastructure investment in South Africa was a subject dear to him as it is the foundation of sustainable economic growth.

“South Africa stands at a crossroads where infrastructure development plays a pivotal role in driving economic growth, fostering innovation, and improving the quality of life for its citizens.”

As the country navigates through these challenging times, he believes it was “increasingly essential” for the Standard Bank Group to harness opportunities in infrastructure investment and steer the country towards a sustainable future.

According to the Deputy President, infrastructure investment in South Africa presents various prospects across various sectors, including transportation, energy, water, and telecommunication. 

“By leveraging our expertise and partnerships, the Standard Bank Group can actively contribute to these projects, creating jobs, promoting local business development, and enhancing overall connectivity within the region.”

He also encouraged the bank to continue supporting the continent’s energy transition.

“South Africa has vast energy resources, including oil, gas, coal, and renewable energy sources, and with the right investment and expertise, the sector has the potential to unlock growth and improve the lives of millions of our people.”

Infrastructure pipeline

Meanwhile, he said government plans to prioritise the investment in infrastructure through improvements in the infrastructure pipeline, the execution of that pipeline and financing. 

“Mobilising private sector resources to augment public sector capability and finances is necessary to fast-track the provision of infrastructure and improve effectiveness.”

He stated that government initiated various reforms to systematically get buy-in from greater private sector participation to improve spending and delivery outcomes.

The Deputy President acknowledged that government has a huge financing gap for its infrastructure portfolio that could further require more funding.

He said that in the 2023/24 Budget Review, the total infrastructure investment planned by the State over the next three years amounts to almost R943 billion.

National Treasury, according to Mashatile, is now trying to raise funding for the public sector infrastructure projects that are funded through the Budget Facility for Infrastructure using blended finance instruments. 
These include concessional financing from Multilateral Development Banks and development partner countries.

Meanwhile, he said Treasury is in the process of screening the projects that could potentially be funded. 

The Deputy President also acknowledged challenges that come with infrastructure investment in South Africa. 
These include regulatory hurdles, funding constraints, and skills shortages requiring innovative solutions and collaborative efforts to overcome.

“As a leading financial institution, the Standard Bank Group is well-positioned to drive change and facilitate sustainable infrastructure development in the country. Through strategic investments, responsible financing, and a commitment to long-term growth, the Standard Bank Group can be a catalyst for positive change in South Africa’s infrastructure landscape.” – SAnews.gov.za

Gabisile
Wed, 10/02/2024 - 12:48

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Business urged to adopt sustainable practices

Location: News

Business urged to adopt sustainable practices

Deputy Minister of Forestry, Fisheries and the Environment Bernice Swarts has encouraged business leaders to play a role in ensuring their organisations take measures to lower pollution and carbon dioxide (CO2) output as well as reduce waste.

“We encourage business leaders to play a significant role in ensuring their organisations better integrate environmental, social, and governance (ESG) principles into their value system and overall organisational strategy to fully benefit and harness the investment opportunities that lie ahead for the country,” Swarts said on Tuesday in Johannesburg. 

Addressing the Annual ESG Africa Conference, the Deputy Minister said the discipline of ESG investing has become increasingly popular worldwide due to investors' growing emphasis on sustainable and responsible investment methods.

“Whilst it is essential that businesses understand the impact of their activities on the environment and society, it is no longer sufficient to focus solely on financial performance; investors and stakeholders now demand that companies adopt sustainable practices that consider the long-term impact of their operations.

“With its varied economy and abundance of natural resources, South Africa has become a major force in the ESG investment market. Good corporate governance requires an acknowledgement that an organisation doesn’t operate in a vacuum but is an integral part of society and therefore has accountability towards current and future generations,” Swarts said.

She acknowledged that long-term orientated investors need better information, including on environmental, social, and governance factors of businesses.

“South Africa needs to accelerate its pathway towards a more equitable, environmentally sustainable and low-carbon developmental trajectory; with an inclusive social protection system that can withstand the impacts of climate change and support a just transition to a sustainable future,” the Deputy Minister said.

She said South Africa is setting itself up to be a leader in green hydrogen, renewable energy, and sustainable industrialisation, due to its substantial stocks of critical minerals, plentiful solar and wind energy, and other resources.

“A just transition to a low-carbon economy will make South Africa’s economy more resilient and strengthen the country’s global competitiveness, which will create opportunities to reduce poverty, inequality, and unemployment.

“We must therefore address, how do we then effectively shift towards realising South African’s vision for long-term, just transition to a climate-resilient and lower-carbon economy and society. South Africa remains firmly committed to contributing its fair share to addressing the global climate crisis,” the Deputy Minister said.

She said South Africa is setting itself up to be a leader in green hydrogen, renewable energy, and sustainable industrialisation due to its substantial stocks of critical minerals, plentiful solar and wind energy, and other resources.  

“In South Africa, where climate change, resource scarcity, and socio-economic disparities are pressing concerns, adopting sustainable practices becomes crucial. These practices can help reduce carbon footprints, conserve natural resources, and create healthier, more resilient communities,” Swarts said. 

Numerous studies have highlighted the tremendous demands developing nations have in relation to climate change and the inadequacies and poor quality of current public climate finance flows. 

Despite their extremely limited fiscal space and constricted economies, poor countries have continued to bear the costs associated with it, while they have contributed the least to the climate problem.

“Like the rest of the African continent, South Africa is vulnerable to water and food security, health, livelihood and infrastructural challenges due to climate change. 

“In South Africa, where climate change, resource scarcity, and socio-economic disparities are pressing concerns, adopting sustainable practices becomes crucial. These practices can help reduce carbon footprints, conserve natural resources, and create healthier, more resilient communities,” the Deputy Minister said.

She said the pathways towards achieving the 2030 Agenda for Sustainable Development have been considerably altered by multiple crises. 

The critical objective of "leaving no one behind" remains at risk due to the mounting inequalities, worldwide economic challenges, and financial shocks associated with COVID-19, which have made financing for sustainability even more challenging.

“Africa, which hosts most of the world’s poor, is on track to meet just 6% of the Sustainable Development Goals (SDGs) and has gone backwards on 17% of the SDG targets.

“If SDG investment needs are to be met by 2030, 24 trillion US Dollars of additional investment must be found for developing countries, including 8 trillion US Dollars only for Africa. Instead, developing countries today face the worst economic outlook and the most unfavourable financing conditions in decades,” the Deputy Minister said. - SAnews.gov.za

nosihle
Tue, 10/01/2024 - 14:50

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Government activities for the week 30 September – 4 October

Location: News

Government activities for the week 30 September – 4 October

On Monday, 30 September, Deputy President Paul Mashatile is in the United Kingdom for the second leg of his working visit. The purpose of the visit is to improve trade and investment relations between South Africa and the United Kingdom. The visit will conclude on Friday, 4 October.

On Monday, 30 September, Minister of Electricity and Energy Dr Kgosientsho Ramokgopa hosts the Renewable Energy Seminar in Midrand, Gauteng.

On Tuesday, 1 October, President Cyril Ramaphosa will launch, on behalf of government, Phase 2 of the Business and Government Partnership.

From Tuesday, 1 October, Public Service and Administration Minister Mzamo Buthelezi leads the South African delegation at the International Conference on Theory and Practice of Electronic Governance (ICEGOV). The conference ends on 4 October.

On Tuesday, 1 October, Employment and Labour Minister Nomakhosazana Meth briefs media on inspections and compliance raids in South Africa. 

On Wednesday, 2 October, the Deputy Minister of Cooperative Governance and Traditional Affairs, Dr Namane Dickson Masemola, leads an important oversight visit to the Northern Cape, focusing on the ZF Mgcawu and Pixley Ka Seme District Municipalities.

On Friday, the South African Navy will host the SA Navy Festival in the East Dockyard, Simon’s Town, over the period 4 – 6 October.  – SAnews.gov.za

Matona
Mon, 09/30/2024 - 14:43

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Renewable energy programme to be accelerated

Location: News

Renewable energy programme to be accelerated

South Africa is determined to be “ultra aggressive” in onboarding renewable energy sources.

This is according to Electricity and Energy Minister, Dr Kgosientsho Ramokgopa.

The Minister was speaking on Monday during the Ministerial Renewable Energy Seminar held in Midrand, under the theme: "Advancing Renewable Energy: A Comprehensive Review of the IPP Procurement Process".

Ramokgopa told the gathering that it is in the “collective interest” to accelerate the renewable energy programme.

“We must be ultra aggressive in the onboarding of renewables. It must be on steroids. But we can only achieve that if we resolve the issues that you are going to share with us today. I think the future is renewables. 

“We must resolve the issues of permitting and licensing, and the speed because capital has got choices. It’s not like capital is waiting and waiting for South Africa to resolve its problems. It is in our interest to ensure that we are greedy in how we want to consume this capital, and that greed will be displayed in the manner and the enthusiasm with which we are resolving the major impediments in this instance.

“We want to capture all these opportunities… for the greater good of the region,” Ramokgopa said.

WATCH | Renewable Energy Seminar

 

In order to build a strong renewable energy sector, “we must build confidence in the system”, the Minister stressed.

“We are going to be a bit more aggressive in onboarding renewables but I think that statement is hollow if we are not able to address the attendant challenges, the inherent weaknesses in the system. 

"We must build confidence in the system going into the future, firstly, by illustrating our ability to resolve the challenges that have afflicted the previous bid windows. 

“[Being aggressive means] going out to procure the megawatts that are of a scale and proportion that we have not done before. But if we have not resolved the inherent challenges, that statement will be put to waste because we will not be able to achieve that which we desire.

“So it’s important that we have that conversation and I urge you [stakeholders] to be very candid,” he said.

The Minister said his department wants to gather as much information as possible to improve on South Africa’s Independent Power Producer Procurement Programme (IPPPP).

“We are here to listen on how best we can improve. Once we have listened… we will action. We really want industry to thrive for us to make South Africa the preferred destination for this capital [and] for us to run the most ambitious and successful of all renewable programmes from a public procurement point of view.

“[We want] the best one, not just on the continent, not just in the Global South but something that is of envy across the globe,” he said. – SAnews.gov.za

NeoB
Mon, 09/30/2024 - 11:41

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AOW Pan-African Female Leaders in Energy Power List 2024 Acknowledges Development Economist Kalnisha Singh

Location: MyPR

Johannesburg – 27 September 2024 – AOW, in collaboration with Lean In Equity & Sustainability, has included development economist Kalnisha Singh in its Pan-African Female Leaders in Energy Power List 2024. Kalnisha Singh contributes to the emerging renewable energy sector through several innovative avenues. As founder of KD Strategies and Our Common Future, she provides …

Read moreAOW Pan-African Female Leaders in Energy Power List 2024 Acknowledges Development Economist Kalnisha Singh

Critical minerals sector key to driving global economic growth

Location: News

Critical minerals sector key to driving global economic growth

President Cyril Ramaphosa has emphasised the importance of the critical minerals sector in driving global economic growth and sustainability. 

By leveraging key sectors such as mining, energy, and manufacturing, the President said South Africa is set to improve its business environment and attract much-needed investment.

He was addressing the African Minerals Forum hosted by the Business Council for International Understanding (BCIU) and Prosper Africa on the sidelines of the United Nations General Assembly (UNGA 79), in New York, USA, on Monday. 

He highlighted that four months ago, South Africa held national general elections, which ushered in a Government of National Unity, where 10 political parties have come together to coalesce around a common agenda for economic growth and sustainable development.

President Ramaphosa underlined South Africa's commitment to reducing greenhouse gas emissions and mitigating climate change through the country's Just Energy Transition Plan. This plan aims to guide the shift from coal to renewable energy, while also ensuring equitable economic opportunities for affected communities. 

“South Africa's and Africa’s critical minerals sector has a crucial role to play in this regard, and we recognise the importance of collaboration with other countries to develop the potential of our critical minerals sector. 

“The US in particular has established expertise in advanced mining technologies, automation and sustainability practices. 

“We want to strengthen our ties with US companies and institutions to foster technological advancements, enhance supply chain efficiencies and attract investment into our mining sector,” the President said. 

The President also emphasised that South Africa strongly endorses the United Nations Secretary-General’s position paper on Critical Energy Transition Minerals, where he highlights the importance of beneficiation, benefit sharing, local value addition and economic diversification.

“It would not be an understatement to say that the minerals that lie beneath the soil of Africa are powering the green energy revolution. Thirty percent of the world’s proven critical mineral reserves are found in Sub-Saharan Africa.

“South Africa has substantial reserves of platinum group metals, manganese, vanadium as well as chromium. 

“These resources are fundamental to the development of cutting-edge technologies that drive progress in various sectors. What will be critical is to ensure that this progress does not leave Africa behind,” he said.

The President stressed the need to avoid perpetuating colonial-era exploitation, where African countries primarily export raw minerals. He said that by focusing on beneficiation and domestic processing, African nations could see significant economic growth. 

President Ramaphosa highlighted that beneficiation and local processing of critical minerals could increase the continent’s GDP by 12% or more by 2050. 

He cited estimates suggesting that African countries could generate USD 24 billion annually in GDP and create 2.3 million jobs by investing in mining beneficiation and domestic processing.

President Ramaphosa highlighted the strides made by SASOL, South Africa’s flagship petrochemical company, in leading green hydrogen technologies research and development. 

“As the global automotive industry moves towards Electric Vehicles and New Energy Vehicles, we are leveraging our rich experience with automotive production to get some of the world’s leading automotive manufactures with a footprint in South Africa to produce more their green vehicles in our country,” he said. 

Despite improvements in the beneficiation of South Africa’s mineral exports, President Ramaphosa admitted that more needs to be done. 

He underscored the country’s commitment to creating a supportive policy framework for the critical minerals sector, focused on streamlining regulations, fostering innovation in mining technologies, building workforce skills, improving transport and logistics infrastructure, and incentivising investment.

South Africa's five-point policy approach aims to create a supportive environment for the critical minerals sector. This includes simplifying regulations, supporting research and development in mining technologies, investing in workforce skills, improving logistics infrastructure, and incentivising domestic and international investment. 

“South Africa also has a beneficiation strategy that seeks to translate the benefits of our country’s mineral endowments into a national competitive advantage. 

“As the UN Secretary-General’s paper has noted, Critical Energy Transition Minerals can transform economies, create green jobs and foster sustainable local, regional and global development,” he said. 

President Ramaphosa further stressed that for the potential of critical minerals to be fully realised, both mineral-producing nations and their end-user countries must embrace inclusivity. 

He emphasised the importance of creating decent work opportunities, eradicating exploitative practices such as child and forced labour, and ensuring human rights protections. 

Local beneficiation and industrialisation were highlighted as priorities, alongside environmental safeguards to ensure sustainable extraction practices. 

The President urged for a long-term focus on inter-generational equity, recognising that critical minerals are vital for solving global challenges like climate change, energy, and food insecurity. 

He called on US companies to collaborate in fostering sustainable development.

“By leveraging our respective strengths, pursuing strategic collaborations, and implementing supportive policies, we stand ready to meet the demands of the global market and drive sustainable development. 

“I call on US companies and investors to join us on our journey,” he said. – SAnews.gov.za

DikelediM
Tue, 09/24/2024 - 10:07

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President Ramaphosa urges US business to invest in SA’s growing economy

Location: News

President Ramaphosa urges US business to invest in SA’s growing economy

President Cyril Ramaphosa has called on US businesses to deepen their investment ties with South Africa, highlighting the country's renewed focus on economic recovery and structural reform. 

Speaking at the SA-US Interactive Business Forum in New York on Monday, the President emphasised the progress made under South Africa's Government of National Unity (GNU) and the vast opportunities available to foreign investors.

He said this is a “timely intervention”, referencing his first visit to the US since South Africa's general elections in May, which led to a coalition government of political parties committed to inclusive growth and job creation.

“The advent of the Government of National Unity has renewed investor optimism in the South African economy. The message I bring to US investors today is that this optimism is well-placed. 

“South Africa is firmly on the road to recovery, and we invite you to be part of this journey. Investments in South Africa are secure. Our business environment is stable. This is supported policy certainty and regulatory safeguards,” the President said. 

He added that South Africa intends to stay the course on the structural economic reform process, on scaling up investment in key infrastructure, and on improving the business operating environment.

The President noted South Africa’s success in attracting investment, revealing that the country had achieved its target of raising R1.2 trillion (approximately USD 63.6 billion) ahead of schedule in 2022. 

 “We have announced a new target of approximately R2 trillion or approximately USD 100 billion over the next five-year period up to 2028. 

“The far-reaching structural reforms we have implemented over the past six years have opened up the country to increased levels of investment that continues to grow,” the President said. 

Ramaphosa particularly underscored the potential in the clean energy sector, which has attracted significant investment, supporting South Africa’s commitment to decarbonisation and energy security. 

"We are equally committed to a Just Energy Transition that is inclusive, that take our developmental needs into account, and that leaves no community behind. 

“We have a supportive and enabling industrial policy that incorporates amongst others expanding the special economic zones, driving export-led growth, and harnessing the potential of the Africa Continental Free Trade Area or AfCFTA. In January 2024 we began preferential trading under the AfCFTA,” he said. 

The President emphasised that the Government of National Unity is furthermore committed to prudent monetary and fiscal policy and to strengthening regulatory and legislative frameworks to combat corruption.

The President also highlighted the importance of strategic partnerships with US businesses, especially in sectors like advanced manufacturing, energy, healthcare, and infrastructure. 

“South Africa and Africa is ripe for investment in financial services, advanced manufacturing, energy, healthcare, infrastructure development, mining, science and technology and other sectors. South Africa is also developing the value chains of the future.

“With substantial reserves of critical energy transition minerals, we are positioning ourselves to be at the forefront of the green energy revolution,” he said. 

He added that as the country with the world’s largest platinum group metal reserves, South Africa has a competitive advantage when it comes to the production of sustainable energy technologies, including electric vehicles, new energy vehicles and renewable energy components.

President Ramaphosa praised the collaboration between the New York Stock Exchange (NYSE) and Johannesburg Stock Exchange (JSE), following the 2022 Memorandum of Understanding. He stated that the partnership between the two stock exchanges “promotes cross-border investment and drives economic growth on a global scale.”

The President further highlighted the US as one of South Africa’s most valued trade partners, noting that bilateral trade totalled USD 17.6 billion in 2022. 

He also praised the impact of the African Growth and Opportunity Act (AGOA) in fostering trade and creating jobs in sectors like automotive, agriculture, and precious metals.

With Africa's population expected to reach 2.5 billion by 2050, President Ramaphosa painted a bright picture of the continent's economic prospects, noting that the African Continental Free Trade Area (AfCFTA) would "drive a wave of industrialisation and create dynamic regional value chains."

“This too presents opportunities for US businesses and investors, and opens up new markets for their goods, products and services. 

“Mutually beneficial trade and investment not only unlocks the dynamism and potential of an entire continent. It will also aid Africa’s efforts to achieve the Sustainable Development Goals,” the President said. 

In closing, President Ramaphosa reassured investors of the stability and security of investments in South Africa. 

“South Africa is open for business. Sustainable and inclusive growth spurs development and creates jobs.

“Together, we can forge a path to shared success and progress, leveraging our combined strengths to achieve enduring prosperity for our people,” the President said. – SAnews.gov.za

 

DikelediM
Tue, 09/24/2024 - 11:01

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Read morePresident Ramaphosa urges US business to invest in SA’s growing economy

Celebrating This Year’s 25 Under 40 Energy Women Rising Stars

Location: News
African Energy Chamber

As Africa's energy sector continues to grow, a new generation of women is breaking barriers and redefining leadership in this critical industry. The African Energy Chamber (AEC) (www.EnergyChamber.org) proudly announces the 2024 edition of the 25 Under 40 Energy Women Rising Stars – a group of outstanding individuals whose innovation, perseverance and passion are transforming the landscape of African energy. These trailblazers are not only reshaping a traditionally male-dominated field but are also playing a vital role in the journey to end energy poverty by 2030. The AEC proudly honors these women as they lead the charge toward a more sustainable and equitable energy future.

In alphabetical order:

Amena Bakr, Senior Research Analyst, Energy Intelligence

Amena Bakr is a Senior Research Analyst at Energy Intelligence. Specializing in the energy transition, corporate strategy and market analysis, Bakr leads insights on oil markets, OPEC policies and political trends in the Middle East and Gulf Arab region. Her previous roles include Chief OPEC Correspondent and Dubai Deputy Bureau Chief, where she earned accolades such as the OPEC Award for Best Journalist and the IAEE Excellence in Written Journalism Award. Bakr holds a BA in Business Administration from the Arab Academy for Science, Technology & Maritime Transport, Egypt.

Amoetsoe Mkwena, Senior Associate, Watson Farley & Williams (Middle East)

Amoetsoe Mkwena is a Senior Associate at Watson Farley & Williams, specializing in energy and infrastructure with a focus on Africa. She advises on international projects, including the $15 billion Simandou project in Guinea. Mkwena's expertise includes power, renewables, oil and gas, and mining. Her legal skills and ability to bridge cultural divides make her a key player in Africa's energy sector.

Asha Amani, General Manager, INTERAFCON

Asha Amani is the General Manager at INTERAFCON, where she blends strategy and leadership to drive growth in complex energy projects. With seven years in Industrial Engineering and five years in the energy sector, Amani excels in business strategy, opportunity identification and project management. Her previous role as a Business Development Consultant at Tetco Consulting focused on delivering tailored solutions for the energy, engineering, and construction sectors.

Blandine Biaou, Geological Engineer, Head of Research and Prospection Department, SNH-Benin

Blandine Biaou, Head of the Research and Prospection Department at SNH-Benin, specializes in hydrocarbon exploration. She has optimized Benin's energy sector through resource management and contract revisions. Biaou has developed a modern data center and interactive database, contributing to national projects and representing Benin in international conferences, positioning it as a hydrocarbon hub.

Charné Hollands, Deputy Editor, Energy Capital & Power

Charné Hollands is the Deputy Editor at Energy Capital & Power, the leading investment platform for the African energy sector. She produces content on the entire energy value chain in Africa, with a focus on oil, gas, renewable energy and energy policy. Hollands holds a Master's in Media Studies from the University of Cape Town and has co-authored African Energy Chamber: Road to Recovery.

Emokiniovo Dafe-Akpedeye, Managing Partner, Compos Mentis Legal Practitioners

Emokiniovo Dafe-Akpedeye, a leading dispute resolution lawyer, specializes in complex oil and gas cases. She has represented Shell Petroleum and serves as company secretary for the Ebendo Host Community Trust Board. With degrees from Oxford and Bristol, she shapes oil and gas law and is implementing digital solutions to streamline board operations.

Fatimat Adenike Olanrewaju, General Field Engineer, SLB

Fatimat Adenike Olanrewaju, a Chemical Engineering graduate, is a General Field Engineer at SLB, focusing on wellhead installations and emissions reduction. She excels in a male-dominated field and leads community service through SLB's SEED initiative, advocating for gender diversity and mentoring.

Gracia Munganga, Senior Technical Advisory, ABT Global

With a Master's degree in Chemical Engineering from the University of Cape Town, Gracia oversees operations for the company, which has been designing and commissioning solar PV systems across sub-Saharan Africa since 2018. Her career includes roles at GreenCape, Anaergia Africa, the Climate Innovation Centre South Africa (CIC-SA), and the Carbon Trust.

Ifeoma Adeoye, CEO, IMSE Energy Resources Limited

Ifeoma Adeoye, CEO of IMSE Energy Resources Limited, leads the company in EPCI services and innovative crude evacuation technology. A graduate of the University of Manchester and Warwick, she also founded Business Nest Investments and BNI Insurance Brokers Limited, to empower and protect people and businesses through microfinance and insurance.

Jamilla Massamba, Health Safety and Environment Manager, SLB Congo

Jamilla Massamba, Health, Safety & Environment Manager at SLB Congo, leads HSE initiatives across Africa. With a Master's in Environmental Management Sciences, she has conducted over 100 audits and received awards for her work. Massamba also mentors young women in STEM and leads green energy projects.

Janice Faria, CEO, Enagol: Energias de Angola

As CEO of Enagol, Janice Faria has elevated the company's national and international profile. Under her leadership, Enagol competes globally and services International Oil Companies, setting a precedent for local enterprises in the global market.

Jocelyne Machevo, Communication, Commercial & Marketing Manager, Vivo Energy Mozambique

Jocelyne Machevo, formerly with Eni Mozambique, played a key role in the Coral FLNG Project and led the company's local brand transformation. Now at Vivo Energy Mozambique, she focuses on energy transition and decarbonization projects.

Lilian Kamanja, Electrical Engineer, Kenya Power

Lilian Kamanja is a Renewable Energy Specialist at Kenya Power with over nine years of experience in electrical engineering, network operations, and renewable energy development. She holds a BSc from the University of Nairobi and an M.Tech from IIT Delhi, focusing on renewable energy projects that enhance power accessibility and reliability.

Kanni Touray, Deputy Director General, Petroleum Commission, The Gambia

Kanni Touray, The Gambia's youngest and first female Deputy Director General at the Petroleum Commission, has enhanced the organization's efficiency and visibility. She champions sustainable development and energy transition, positioning The Gambia as a growing player in the global energy market.

Lizette Bouddhou, Human Resources Manager, SLB Congo and Gabon SLB

Lizette Bouddhou, HR Manager at SLB Congo and Gabon, drives diversity and workforce development. She leads recruitment and training initiatives, boosts employee engagement, and advances community outreach through educational partnerships, supporting women in STEM.

Maggie Mutesi, Managing Editor, Mansa Media

Maggie Mutesi is the Managing Editor at Mansa Media, with over 15 years of experience in major media outlets including CNN, BBC and CNBC. Her reporting spans over 30 African countries, focusing on trade and investments. At the BBC, she managed BBC Africa's daily live program, Money Daily. Mutesi has also extensively covered the Africa Continental Free Trade Agreement, working with the African Union and Afrochampions Initiative to enhance awareness among Africa's private sector.

Marilia Sitoe, Subsea Engineer, Eni Rovuma Basin

Marilia Sitoe, a Subsea Engineer at Eni Rovuma Basin, focuses on optimizing Mozambique's gas sector. Her work includes deep-water gas production and subsea infrastructure for Coral South FLNG. Sitoe's research supports Mozambique's economic growth and sustainability goals.

Mervin Azeta, Engineer, SLB

Mervin Azeta, a leader at SLB, has advanced from field engineer to corporate strategist. Recognized for her impact on African communities and the global industry, she is active in non-profit boards and connects young Africans with top leaders, fostering learning and inspiration.

Munolwisho Elizabeth Ipangelwa, Green Hydrogen Advisor, GIZ

Munolwisho Elizabeth Ipangelwa, Green Hydrogen Advisor at GIZ, advocates for women in oil and gas and green hydrogen development in Namibia. She has educated over 200 Namibians and leads green industrialization studies to boost local industries and reduce youth unemployment.

Ozioma Agu, Partner, Stren & Blan Partners

Ozioma Agu, a Partner at Stren & Blan Partners, excels in high-profile energy and infrastructure transactions. Her work includes advising on Mobil and Shell divestments and renewable projects. Agu has earned awards for her expertise in oil and gas and green hydrogen.

Pauline Murari, Contracts Manager SLB Angola, Central and East Africa

Pauline Murari, Contracts Manager at SLB, is known for her negotiation skills and leadership. She has driven growth in SLB's regional portfolio and contributed to projects like the East African Crude Oil Pipeline. Murari supports STEM education and local development.

Pearl Enyam Akosua Akude, Business Line Job Delivery Lead, SLB

Pearl Enyam Akosua Akude, with over 35 wells drilled, is a leader in the energy sector. She handles complex projects, trains engineers, and has contributed to innovations like TerraSphere and Net Zero Development in Africa, impacting the region's energy landscape.

Rita Bagaine Kagoro, Talent Acquisition Manager SLB: Angola, Central and East Africa

Rita Bagaine Kagoro, a Ugandan Petroleum Engineer, has seven years of experience and holds degrees from China University of Petroleum and Delft University of Technology. Her roles include Measurements and Logging While Drilling Engineer and Drilling Product Engineer. Kagoro has innovated drilling technologies to enhance efficiency and reduce CO2 emissions. She is passionate about leadership, mentorship, and advocating for diversity in hiring and women in energy.

Tania Silva, CEO, Angola LNG Marketing

Tânia Silva is the CEO of Angola LNG Marketing, the company's first female and youngest CEO. She oversees LNG sales, liquids contracts, and the shipping fleet. Previously, Silva was Head of Non-Operated Assets at Sonangol Gás e Energias Renováveis, S.A., where she managed non-operated assets and contributed to renewable energy projects. Her career is marked by leadership and innovation in the energy sector.

Tokollo Matsabu, Women Leader in Energy & Climate Fellow, Atlantic Council

Tokollo Matsabu is a 2024 Women Leaders in Energy and Climate Fellow and Director at Patlong Advisory, a consulting firm focused on energy programs and carbon sequestration in Africa. She is pursuing an MS in Global Energy and Climate Policy at the University of London's School of Oriental & African Studies, with a focus on critical minerals. Matsabu has a background in financial journalism and has conducted risk analyses for various stakeholders in the Global South. She holds a Bachelor's degree in International Relations, Media and Writing from the University of Cape Town.

Distributed by APO Group on behalf of African Energy Chamber.

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Liugong Green Alliance Celebrates the Completion of Solar-Powered Water Well at Mabeskraal Stadium Donated to Moses Kotane

Location: MyPR

Location: Mabeskraal Stadium, North West Province, South Africa LiuGong Machinery, a global leader in construction machinery, is proud to announce the successful completion of its latest water well project at Mabeskraal Stadium in the Northwest Province. This initiative, part of the broader LiuGong Green Alliance, is a significant step forward in addressing the water scarcity …

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KZN Premier attends Climate Week in the US 

Location: News

KZN Premier attends Climate Week in the US 

KwaZulu-Natal Premier, Thamsanqa Ntuli,  has embarked on a strategic working visit to the United States of America (USA) where he will be attending the highly anticipated Climate Week forum.

The Climate Week NYC, held in conjunction with the United Nations General Assembly, is one of the world’s largest annual events dedicated to climate action and sustainability.

The forum will take place in New York City from 22 to 29 September 2024. It brings together leaders from the world of business, including government, political change makers, academia, and civil society from all over the world, who will gather to drive the transition forward, speed up progress, and champion change that is already happening.

Ntuli, who left the country this week will be engaging in high-level discussions and forming strategic partnerships during Climate Week.

The KwaZulu-Natal Provincial government said Ntuli’s visit to New York underscores the province’s commitment to addressing climate change, promoting sustainable development, and strengthening ties with the USA—South Africa's third-largest trade partner.

“Premier Ntuli’s objectives include reaffirming the strategic and mutually beneficial relationship between KwaZulu-Natal and the United States, advocating for enhanced international cooperation in tackling climate change, securing investments in green technologies, and implementing sustainable land-use practices,” the provincial government said.

The provincial government added that the Premier’s visit aims to achieve several key outcomes, including securing international cooperation; obtaining support and investment for renewable energy projects and climate adaptation initiatives; forging global partnerships; and collaborating with international organisations, climate-focused non-profits, and private sector stakeholders to advance climate action.

The visit also aims to showcase provincial progress, highlight KwaZulu-Natal’s achievements in climate resilience, including improvements in disaster risk management and biodiversity conservation.

“Ntuli’s participation in Climate Week and related events signifies KwaZulu-Natal’s proactive approach to global climate challenges and positions the province as a leader in climate adaptation and sustainability. The insights and partnerships gained from this visit are expected to enhance KwaZulu-Natal’s long-term climate resilience and contribute to sustainable development efforts,” the provincial government highlighted.

The Premier will on Friday hold a meeting with the South African Consul General to New York, Simon Cardy, which will cover a range of global issues, including trade, investment, climate change, food security and energy.

The discussion is part of a broader effort to align KwaZulu-Natal’s strategies with global climate goals and secure international support for the province’s sustainability initiatives.

Climate resilience

KwaZulu-Natal has recently faced severe climate-related challenges, including heavy rainfall, strong winds, hailstorms, and a tornado that have caused significant infrastructure damage, particularly in the eThekwini Metro, Ilembe and Howick areas.

The April 2022 floods, among the worst in the province’s history, resulted in over 400 fatalities and severe disruption to infrastructure, including port operations in Durban.

“These recent events underscore the urgent need for enhanced climate resilience. The Premier’s visit aims to address these challenges by securing international collaboration and investment to bolster KwaZulu-Natal’s capacity to manage and adapt to climate risks,” the provincial government said.

MEC for Agriculture and Rural Development, Thembeni kaMadlopha-Mthethwa, has been appointed as Acting Premier of the province during Ntuli’s absence. KaMadlopha-Mthethwa will oversee the provincial responsibilities until the Premier returns. – SAnews.gov.za

GabiK
Thu, 09/19/2024 - 10:58

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Red Ribbon Communications Elevates Brand Recognition in the Renewable Energy Sector

Location: MyPR

Red Ribbon Communications, a leading PR agency specialising in tech PR and sustainability, has achieved a significant milestone through its successful collaboration with Rubicon, a leading South African sustainable technology provider. The strategic partnership has not only solidified Red Ribbon’s position as an expert in providing PR services to renewable energy solutions but has also …

Read moreRed Ribbon Communications Elevates Brand Recognition in the Renewable Energy Sector