Brand South Africa’s Post

Africa requires over $240 billion in annual energy investments with 75% focused on clean energy to achieve energy access, climate, and development goals by 2030. This is according to International Energy Agency (IEA)'s report, 'Clean Energy Investment for Development in Africa,' which identifies critical investment areas, including energy access, the power sector, and emerging industries like critical minerals and clean energy technology manufacturing. This initiative supports the Energy for Growth in Africa program launched by Italy’s G7 Presidency, aiming to foster bankable clean energy projects and improve access to financing. Despite Africa's immense energy resources, the continent attracts only 3% of global energy investment. With 600 million Africans lacking electricity and over 1 billion relying on traditional fuels for cooking, accelerating sustainable energy development is crucial. How can we overcome financial barriers to ensure equitable access to clean energy in Africa? #CleanEnergy #SustainableDevelopment #AfricaEnergy #IEAReport #InvestmentInAfrica #EnergyAccess #ClimateGoals

Our CEO, OLAPEJU IBEKWE will be on ARISE News today at 1:00 PM to discuss the critical role of energy transition and sustainable investments in Africa's growth. This conversation is especially timely as Africa stands at a critical juncture in its development, where strategic investments and partnerships will define our collective future. Tune in to gain insights into the strategic direction of energy investments in Africa and the broader implications for sustainable development across the continent. #SustainableDevelopment #Partnerships #EnergyTransition

🌍 Africa's untapped potential draws European investors, as the continent becomes a key investment destination. #Africa #Investment #Opportunity 🔋 The Invest in African Energy Forum in Paris explores investment opportunities, reshaping the Africa-Europe relationship. #EnergyForum #InvestmentOpportunities #AfricaEurope ⚡ African nations develop energy master plans to attract foreign investors and optimize returns. #EnergyMasterPlans #InvestmentOpportunities #ForeignInvestors 🌱 Renewable energy master plans diversify mature energy producers' sectors, promoting industrial growth and inclusive development. #RenewableEnergy #IndustrialGrowth #Africa 💼 Effective regulatory structures help foster European investment in Africa, offering clarity and security. #RegulatoryStructures #InvestmentInAfrica #SecureInvestments 🔐 African nations leverage improved regulatory structures to attract international companies, boosting investment appeal. #InternationalCompanies #InvestmentAppeal #Africa 🔀 Supply-demand integration enhances project feasibility, profitability, and long-term viability. #SupplyDemandIntegration #Feasibility #Viability 🚀 Eni's Structures A&E project in Libya highlights the benefits of integrated projects, meeting both export and domestic gas demand. #IntegratedProjects #GasSupply #JobCreation 👨🔧 Fostering local expertise and capabilities in Africa's energy sector attracts European investors and boosts economic prosperity. #LocalExpertise #EconomicProsperity #InvestmentOpportunities

As Africa harnesses its oil and gas reserves for energy security and industrialization, Pan-African financial institutions will be crucial to support the continent's accelerated growth and development. Africa50 Infrastructure Investment Platform is bridging the continent's infrastructure funding gap by facilitating project development and mobilizing public and private sector finance. In Senegal, the platform contributed to the Malicounda Combined Cycle Thermal Plant – enhancing the country’s generation capacity by 17% – and the Tobene Combined Cycle Heavy Fuel Oil Facility in partnership with state utility SENELECOFFICIELLE. Omolara Gbodimowo, Strategy Director for Africa50 will participate the upcoming Invest in Africa Energy - taking place from 14 - 15 May in Paris, showcasing lucrative investment opportunities within Africa’s energy value chain. Read more ⤵️ https://hubs.la/Q02vRYDM0 Secure your delegate pass now ⤵️ https://hubs.la/Q02vRVjl0 #IAE2024 #investinAfrca #oilandgas #investment #energysecurity African Energy Chamber AMEA Power

At the Africa Energy Indaba this week, Chief Regulatory officer at CrossBoundary Energy Tessa Lee spoke about the challenge and the opportunity for regulators to bolster Africa's economy through progressive legislation. Her thoughts are captured in our recently released white paper, "Constructing Africa's Green Economy Requires New Building Blocks". Read more about the event, and the paper, here: https://lnkd.in/gDrzfz8C #renewableenergy #africanbusiness #policydevelopment

📢📢The EEP Africa Call for Proposals is now open❗❗ Are you a clean energy company doing business in Southern or Eastern Africa? Are you interested in grant financing for innovative clean energy solutions? @EEP Africa provides risk tolerant early-stage grant financing for locally driven innovative clean energy projects, technologies, and business models through a competitive call for proposals process. Project financing is supplemented by technical support, investment facilitation and knowledge sharing. Read more and apply through the online application platform:  https://shorturl.at/a2579 The deadline for submission of the Expression of Interest is 15 March 2024 at 13:00 Helsinki time (GMT+2). Norwegian Ministry of Foreign Affairs Norad - Norwegian Agency for Development Cooperation Austrian Development Agency Ministry of Foreign Affairs of Denmark Ministry for Foreign Affairs of Finland Ministry for Foreign Affairs of Iceland Nordic Development Fund (NDF) Swiss Agency for Development and Cooperation #cleanenergy #financing #Africa #SDG7 #SDG13  

EEP Africa 2024 Call for Proposals just opened! Are you an enterprise with operations in Eastern or Southern #africa? Are you using solutions based on #cleanenergy as part of your business? Are you in need of grant financing to help you demonstrate proven concept/adequate scale/path to profitability before attracting investors? If yes to all questions, you may qualify for EEP Africa support (please read the application guidelines thoroughly to assess your fit). #sdg7 #innovation

Funding Opportunity from EEP Africa

All governments have an obligation to declare their policies in specific areas of national endeavour. In the Nigerian electricity sector, that obligation is reinforced by the provisions of Section3, Electricity Act, 2023, which requires the Minister of Power to undertake the process of delivering an Integrated National Electricity Policy and Strategic Implementation Plan. In fulfillment of this obligation, the Minister will be hosting the forthcoming National Dialogue. The last time a national electricity policy was considered and enacted was 2001. Since then, just about everything in the sector has changed multiple times; and so the need to define Nigeria’s electricity strategy is extremely urgent and compelling. Important questions are there to be discussed on the 7th and 8th May. Identify stakeholders, their interests and roles; define and set clear, simple, measurable national objectives; recognise that Nigeria no longer has a single national electricity but under the 1999 Constitution State electricity markets also exist, exclusively to provide for retail customers. What is the nature of, and who are the players in, these respective markets; how and from where/whom is capital to be raised for them; how are they to be governed from both the public and private sector perspectives; how do we harness our abundance of natural gas to the needs of the electricity sector even as we must manage our national obligation to be environmentally responsible and transit to clean energy sources. What must be done to make the electricity sector at all levels inclusive, gender-sensitive and focused on enabling the elimination of poverty; what must be done to enable Nigerian talent to permeate all aspects of the electricity business from financing to manufacturing, to production, supply, customer care and the use of technology across the board; and, very importantly, what policy initiatives do we need to put in place to ensure the steady supply and development of competent, skilled, trained Nigerians to work at all levels and in all aspects of the electricity sector. These questions will be discussed at this National Dialogue. It promises to be a major watershed in the evolution of Nigeria’s electricity sector…and not a moment to soon. #MinisterofPower #IntegratedNationalElectrcityPolicy #MinistryofPower #AfDB #UKNIAF #NationalDialogue

Countries in East Africa have adopted policies and developed cooperation to promote the efficient utilisation of various energy resources available within the region.https://https://lnkd.in/dtXjnsf #TVET #Skills4Transformation