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Infrastructure investment is currently a key driver behind the commendable GDP growth rates observed in […]
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.
Spurred by substantial private sector investment and backed by additional government spending, Mauritius is hoping to generate 35% of its energy needs through renewable sources by 2025. The country has already made significant inroads in this direction, with various wind farms, waste-to-energy plants, and solar photovoltaic farms already in play.
The return of Pizza Hut has a lot of potential to grow says analysts. It has just opened a store in honeydew and is planning on expanding to Boksburg, Midrand and Soweto. Many analysts say that by increasing the competition pizza companies won’t do as well anymore however they are all positive about growth says one analyst so they still will see returns.
Education in Africa faces numerous obstacles, from a scarcity of schools and supplies to untrained teachers and children too hungry to concentrate. Below we identify the top 5 requirements for Africa to propel its education, and consequently its socioeconomic growth, into the next phase of development.
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.
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.
Barclays Africa Group is looking to dispose of about R400m assets this year as part of its strategy to exit noncore activities and reduce risk to revenue. The retail and business banking unit is looking to dispose of investment properties while the head office has a number of assets classified as property within corporate real estate services that are classified as held for sale.
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. The reforms have opened up the Nigerian Electricity Market, which had been managed solely by the Nigerian Government
Plans to build a platinum refinery in Zimbabwe have been boosted after mining companies met the deadline for submission of construction and development proposals set by the Zimbabwean government.
As stated in the country’s economic plan “Ghana Vision 2020”, Ghana plans to become a developed nation by the year 2020. After that it aims to achieve newly industrialised status by 2030. Key to these goals is Ghana improving its ICT infrastructure and penetration rate.
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
The future of mining in Africa depends on the short to medium-term outlook of all commodity prices and government tax reform initiatives. These factors will determine whether gold and coal miners succeed in countries like Ghana and Mozambique, and can seriously affect the future growth of the industry.
By 2030 Africa will have 760 million urban residents. By 2050 the figure is expected to grow to 1.2 billion. This rapid migration has intensified the need to develop Africa’s megacities, and infrastructure has become one of the key strategic priorities amongst senior leaders throughout Africa.
The World Bank’s Vice President, Makhtar Diop, has called for faster progress in areas such as electricity and food in the vulnerable areas of The Sahel and the Horn of Africa, and says that significantly more energy and agricultural productivity are needed to raise the quality of life …
The Africa Enterprise Challenge Fund has challenged private businesses to do just that. Its Renewable Energy and Adaptation to Climate Change Technologies (REACT) funding window calls for businesses to propose and test out innovative models …
Sustainable energy products and services have the potential to improve the lives and productivity of millions of rural households and businesses across sub-Saharan Africa that have no energy access. Private investment will be necessary to develop this market …
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.
Exxon Mobil, US energy producer intends to search for crude and natural gas in South Africa. Dave van der Spuy (resource evaluation manager at Petroleum SA) believes the level of activity and interest in SA is at its highest. With SA being the continent’s biggest oil importer, international energy companies with new technologies are entering SA. Mozambique is another energy province, with the largest gas finds.