Mobile technology can make interacting with government easier for the general population, deliver essential services […]
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The South African energy industry is being transformed by the Department of Energy’s (DoE) Independent […]
Increasingly over the past decade, and now with the adoption of the UN’s Sustainable Development […]
There is no doubt that the African continent is growing but the snail-speed development in […]
Africa’s largest economies produce significantly more energy than other African peers. Also, the oil-producing nations […]
Africa is blessed with a young and growing population, abundant resources, and large tracts of arable land, but it has many challenges. The main challenge is to leverage Africa’s natural endowments to grow the economy in a way that improves efficiency and creates employment and growth opportunities for the poor.
According to an International Labour Organisation (ILO) report sub-Saharan Africa has the world’s highest proportion (40%) of women who are just contributing family workers and are only supportive of the primary income earner. Only 15% of sub-Saharan African women are salaried (in developed countries it’s around 90%), and for most a job is not about building a career but about survival. In spite of the fact that women play such a key role in the home, and economy, they are not properly recognised and rewarded for their contribution.
Kenya Power is embracing innovative technologies and rolling out a new scheme: the installation of 5,000 smart meters in select parts of Nairobi. The move is part of a two-year, Sh150-million pilot scheme to evaluate the efficacy of the meters, which enable customers to track their own electricity consumption in real time while also allowing Kenya Power employees to remotely obtain meter readings.
It is our pleasure to introduce to you the 2nd edition of the Sub-Saharan Africa Power Outlook, which has been prepared by our Infrastructure & Major Projects Group. The high growth of Sub-Saharan countries and the current developments in the power sector provide a broad range of new topics since the first edition of this report was launched in 2011.
South African banks and construction companies have been expanding activities in the rest of Africa, where energy is one of the fastest-growing sectors. The $900m of debt and equity project finance for the Kpone Independent Power Plant and associated infrastructure in Ghana was closed by financiers and industrialists, including several South African banks.
Citi, the multinational bank headquartered in Manhattan, has pledged $2.5 billion in incremental capital to fund the Power Africa initiative, which aims to bring electricity to millions in Sub-Saharan Africa.
Mozambique has experienced growth rates of 7% in recent years, combine that with its political stability and recently discovered vast gas and coal resources, the country is destined to become Africa’s leading player in the power sector.
Traditionally the frequency and intensity of North Africa’s sunlit days has been seen as a handicap, robbing much of the region of agricultural potential. With the development of solar power generation however that high rate of solar insolation is now considered a possible asset, one that could not only solve national power issues but also contribute towards the global movement for cleaner power production and offer local economies a notable boost through trade with energy-hungry Europe.
Resource-based industries are not entirely about resources. They are, very largely, about people, and how effectively people from all sectors work together. In this article I will outline why collaboration is vital to growing our African resource industries.
With daily blackouts and crumbling power infrastructure that has until recently seen little or no investment in over three decades, Nigeria has been christened the Generator Republic. Most households and virtually all serious businesses have resorted to self – help, investing heavily in generators and other back-up power systems to meet their daily electricity needs.
All is set for todays “lunch” with Segun Sowande, a power sector expert and partner in the Management Consulting unit of KPMG Nigeria. He will be providing insights and facts on the emerging trends in the power sector of Nigeria.
The Nigerian Power Sector Reform, which was set in motion in 2005 by the enactment of the Electric Power Sector Reform Act, has been regarded as Africa’s largest privatisation exercise to date.
Africa Brief: Africa must join hands in fighting red tape, Nigeria hands power to private buyers and more…
If African countries do not work together to resolve impediments such as bureaucratic red tape and lack of infrastructure, growth will continue to be constrained, Shoprite Holding’s chairman Christo Wiese said. The search for higher yield has consumer-facing players turning their attention to Africa as the next hot ticket.
Africa Brief: Call for power grid investors, Egypt gets boost in Saudi Funding, Ethiopian dam raises concern, and more
Sierra Leone was seeking $3.5 billion (R34.5bn) of investment from the private sector to overhaul its creaking electricity industry with the aim of increasing output tenfold by 2017, Deputy Energy Minister Martin Bash-Kamara said at the weekend. Sierra Leone has one of Africa’s lowest power generation capacities, at just 100 megawatts for its 5.6 million people. Bash-Kamara said the government had signed memorandums of understanding with investors to develop power projects in the mineral-rich country
Nigeria’s foreign currency reserves would probably keep expanding while facing risks from lower-than-projected oil output and falling prices. Oil production in Africa’s biggest producer fell to 1.81 million barrels a day in March, the lowest level since September 2009.
Africa’s brisk economic growth over the past decade has been consumer driven, a much-hyped trend that masks the uncomfortable fact that the continent is still far too reliant on commodities. Sub-Saharan Africa’s growth rate has been second only to Asia’s and cracked along at 5.8 percent last year, if South Africa is excluded, according to a World Bank estimate. About two-thirds of growth in the past decade has been driven by domestic demand, which has been stoked by a number of factors including the continent’s fast-growing and young population.
Given South Africa’s heavy reliance on energy-intensive industries such as mining and manufacturing, it should come as no surprise that the country now boasts Africa’s most comprehensive and transparent energy policy. Ensuring a secure source of power is central to the country’s growth. South Africa currently uses some 40 percent of the total electricity consumed on the continent and outside of a few peak periods where power is imported from the Democratic Republic of Congo (DRC) – the country is largely self-sufficient in power generation. With steadily climbing economic and demographic growth rates, it is clear that the country will require continuous capacity increases to keep pace with projected growth.
This edition of Invest Africa takes an in-depth look at the challenges and opportunities associated with the state of power across the continent. Rolling black-outs and unreliable energy supply are some the issues facing the sector right now.
Unreliable energy supply is one of the biggest challenges facing the African continent. A well-developed energy sector drives most other economic sectors within a country and is an essential tool in boosting investor confidence. Fast-growing industrialisation and a booming population are driving up the demand for electrification.
A coup d’état (coup) is defined by the Cambridge English as a “sudden defeat of […]
Namibia, like most developing countries, is faced with the challenge of having a small tax […]
There is nothing quite like the entrepreneurial spirit that sparks the launch – and spurs […]
The 4th industrial revolution ushers in the era of data & analytics (D&A), the Internet […]
With a focus on encouraging intra-Africa business and the need to fast-track growth and development, […]
As in most parts of the world, football is the most popular sport across the […]
Nigeria has been experiencing economic turbulence since late 2014. The country’s annual gross domestic product […]