3 years ago

African Business 2020 edition

  • Text
  • Agenda
  • Business
  • Invest
  • Union
  • Industry
  • Sustainable
  • Development
  • Regions
  • Trends
  • Sectors
  • Afcfta
  • Trade
  • Investment
  • Africa
  • Global
  • Continent
  • Projects
  • Economic
  • Infrastructure
  • Countries
A unique guide to business and investment in Africa. Global Africa Network is proud to launch this inaugural edition of African Business 2020 at a time of energetic planning for a prosperous future for the continent. The African Union’s Agenda 2063 is much more than a document about a hoped-for future, it contains concrete goals and deliverables. The Programme for Infrastructure Development in Africa (PIDA) and the development finance institution, the African Development Bank (AfDB) are already rolling out valuable projects that are changing the reality on the ground in vital areas of the African economy. Perhaps the most significant event of recent times is the signing by African leaders of the African Continental Free Trade Area agreement (AfCFTA) which will bring together all 55 member states of the African Union and cover a market of more than 1.2-billion people. African Business 2020 has articles on all of these recent trends, plus overviews of the key economic sectors and regional and country profiles. In 2019 Ethiopian Prime Minister Abiy Ahmed received the Nobel Peace Prize for peace-making efforts in his region. The economic dividends of peace are beginning to be felt. In 2020 South African President Cyril Ramaphosa assumed the mantle of AU Chairperson. He brings to the role considerable experience in conflict management, constitution-writing and seeking consensus. Global Africa Network is a proudly African company which has been producing region-specific business and investment guides since 2004, including South African Business and Nigerian Business, in addition to its online investment promotion platform

Djibouti, Tanzania and

Djibouti, Tanzania and Uganda. Morocco has passed legislation allowing private producers to sell power to clients directly and a 0-million loan from the European Bank for Reconstruction and Development and the Climate Investment Funds’ Clean Technology Fund enabled ACWA Power Khalladi to build a wind farm which is now operational. Tanzania’s first wind farm is to be developed by a subsidiary of Australia’s Windlab Ltd. The 300MW Miombo Hewani Wind Farm will cost 0-million. The Desert to Power Programme, the plan to build solar projects in the Sahel region, is backed by Africa50, the Green Climate Fund (GCF) and the AfDB. One of the biggest challenges faced by the renewable energy sector is the lack of skilled technicians. The International Renewable Energy Agency reports that only 16 000 people work in the sector in Sub-Saharan Africa (excluding South Africa). Financing The AfDB’s investment portfolio of -billion will not include any new coal projects. The bank has declared that it wants to help Africa move away from fossil fuels. The AfDB has allocated -billion to solar and clean energy plans that will produce about 10 000MW for the Sahel’s rapidly increasing population. The European Bank for Reconstruction and Development (EBRD) is also funding renewable energy. A 2-million loan to the Egyptian Electricity Transmission Co will be used to integrate 1.3GW of new renewable energy generation capacity into the national grid. Entrepreneurs in the renewable energy sector are the target of the 0-million Energy Entrepreneurs Growth Fund. The Shell Foundation and FMO, the development bank of the Netherlands, are behind the initiative. Private-sector commodities companies are taking an interest in the energy sector. The Daily Telegraph reports that in November 2019 Trafigura, a 0-billion commodities broker, launched a new division for trading in power and investing in power generated by gas and renewable energy. With demand for hydrocarbons likely to fall in response to environmental demands, gas, wind and solar power are obvious replacements, and the traders are following the trend. Microgrids Microgrid solutions are becoming more popular in sectors such as agriculture and mining. Financing for such projects can be problematic but there is an expectation that development financers such as the World Bank will provide solutions. Rapidly falling costs for solar photo-voltaic solutions are making the idea of power generation in remote areas more feasible. Technological advances should allow Africa to jump ahead, connecting in better and cheaper ways than was the norm in the past. French energy company EDF told Engineering News in 2019 that it intends expanding its operations in Africa, including in microgrids and renewable-energy projects. The company cited the need to deploy appropriate technology (wind in South Africa, biomass in Ivory Coast, for example) and noted that it has a household off-grid solar kit. Several mining houses in Africa provide their own power solutions and are increasingly looking to renewable energy. Siemens and renewable energy company juwi have jointly developed a microgrid that is running successfully at an Australian gold mine. The Ethiopian Electric Utility is utilising AfDB funding to contract private contractors to develop minigrid systems for rural areas, including backup generators and battery storage. ■ Online Resources Alliance for Rural Electrification: Global Wind Energy Council: International Hydropower Association: Programme for Infrastructure Development in Africa: International Renewable Energy Agency: Sustainable Energy for All Initiative: AFRICAN BUSINESS 2020 48

First LNG hub in SA to be established at Coega Coega SEZ is ready to welcome investors to its shores for gas opportunities 1 2 Dedisa 400kV ESKOM Substation 342 MW Dedisa Peaking Power Plant driven by diesel/gas 6 Zone 13 Gas-To- Power Power Plant Site Inter-modal transportation linkages, including good access to the National Road (N2) 5 Services Corridor 4 Refinery Port of Ngqura 3 FSRU & LNG Tanker LNG Terminal & Gas-To-Power Plant For investors who wish to take advantage of opportunities in the energy sector at the Coega SEZ, please contact, Sandisiwe Ncemane on: E-mail: Telephone: +27 41 403 0630 Fax: +27 41 403 0401 49 AFRICAN BUSINESS 2020 ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 ISO 20000-1:2011 ISO 27001:2013

Other recent publications by Global Africa Network: