Fredrick K Mwanza’s Post

The Vice President of Nigeria, Kashim Shettima, has emphasized the need for an annual investment of approximately $10 billion to achieve energy transition by 2060, totalling $360 billion. He stressed the importance of maximizing the use of petroleum resources in the short term to stimulate economic growth. He highlighted the necessity for domestic and international collaboration to secure funding and prepare the Nigerian workforce for a Net-Zero economy and a just energy transition. Furthermore, the Vice President highlighted the critical need to address the lack of electricity access for 45% of Nigerians and the relatively lower GDP per capita compared to Egypt and South Africa. He emphasized the urgency of managing environmental considerations effectively to enhance the well-being of millions of individuals in Nigeria. Additionally, the Vice President noted the government's two-pronged strategy to advance renewables alongside oil and gas investments, which has yielded significant results. He pointed to the recent commissioning of the 700MW Zungeru Hydropower plant and the renewed focus on tapping into over 14,000MW of near-term hydropower potential. In the same vein, Governor Uba Sani of Kaduna State presented distinctive approaches centred on integrating people into the state's development plan. He highlighted the Kaduna Solar for Health program, which aims to provide a sustainable, uninterrupted power supply to healthcare facilities, thereby enhancing healthcare access and phasing out generators that contribute to noise and environmental pollution. The event, organized by the Development Agenda Magazine, aimed to explore pathways for achieving a seamless energy transition. The discussions centred on the potential impact of the Energy Transition movement on Nigerians, particularly those at the grassroots level and those affected by extractive industry activities, including fossil fuel extraction and minerals used in clean energy technologies such as lithium and cobalt.

Ghana's power sector is vibrant and growing. With 27 power plants and annual production of 22,051 GWh, the country exports about 1,734 GWh. Despite some challenges, 87% of Ghanaians have access to electricity, with urban access at 95%. The Electricity Company of Ghana serves 79% of customers. Power generation is mainly from hydro (34.1%) and thermal (65.3%) sources, with natural gas as a key player. Renewables, including solar and bioenergy, are growing, contributing to Ghana’s sustainable energy future. However, issues like ageing infrastructure and fuel shortages limit availability. GRIDCo and key utilities like ECG, NEDCo, and EPC ensure distribution and reliability across the country. Tariffs and subsidies help maintain affordability and support strategic industries. Exciting investment opportunities are emerging; off-grid power solutions for rural areas, new transmission entities to compete with GRIDCo, and private distribution companies to challenge EPC. With consistent sunlight year-round, solar energy is a viable option for meeting Ghana’s electricity demands. READ MORE on TopGuide 2024 Edition… download >>> https://lnkd.in/dYNHhdR -------------- END --------------- Ghana Investment Promotion Centre - GIPC Diaspora Affairs Office, Office of the President (DAOOP), Republic of Ghana Ministry of Foreign Affairs and Regional Integration, Ghana Ghana South Africa Business Chamber UK-Ghana Chamber of Commerce EuroCham Ghana The World Bank #gipc #topreports #topguide2024 #africanbusiness #diasporaaffairs #worldbankGhana #InvestInGhana

#Nigeriaisopenforbusiness🚀 Nigerians spend $10bn annually on petrol, generator maintenance ⚡💰 A report by Sustainable Energy for All (SEforALL) reveals that Nigerians allocate a staggering $10 billion every year to petrol and generator maintenance due to unreliable power supply. This immense expenditure underscores the massive energy market potential waiting to be tapped. With Nigeria's youthful population, and growing demand for stable energy solutions, foreign investors have a significant opportunity to enter the market and offer sustainable alternatives that can reduce dependency on fuel-powered generators and meet the nation’s rising energy needs. 🌍💼⚡ . . . This may be the best time to Unlock Nigeria's Oil & Gas Potential with our Proven Expertise!🚀 We had the opportunity to review the National Gas Policy for the Federal Ministry of Petroleum Resources in Nigeria, receiving a commendation letter from the Ministry of Petroleum Resources for our contributions. During this review, we played a key role in developing the framework for domestic LNG usage in Nigeria! 💡 Why Invest? Largest market in Africa: With a population of over 200 million people.💰 Strategic oil and gas projects accelerating growth: $20 Billion Dangote Refinery, $10 Billion NLNG Train 7 project, $2.5 billion AKK Gas pipeline project. 💰 Tap into unparalleled success with Olufola Wusu, a recognized market entry authority in Nigeria and with oil and gas experience in six other African nations. Specializing in empowering oil and gas firms, my team at Olufola Wusu strategically navigates complex regulations spotting value and helping to avoid risk throughout your market entry voyage. 💰 Our achievements include helping to shape the framework for domestic use of LNG in Nigeria's National Gas Policy. Expert Leadership: Recognized as a top market entry specialist in Nigeria, success in six African countries; Strategic Guidance: Navigate policies, regulations and local nuances seamlessly. 🌐 Opportunity Awaits: Collaborate with Olufola Wusu for streamlined market entry into Nigeria, the largest LNG producer and Africa's prime market with over 200 million people. Our goal is a clear plan for success. #marketentry #Nigeria #Lagos #lawyers #Nigeriaisopenforbusiness #RegulatoryImpact #oilandgas #LNG #Gas #NigeriaInvestment #GasInfrastructure #InvestmentOpportunities #OilandGas

🔎#Focus : HCB, Mozambique ⚡Powering Mozambique’s development: Hidroeléctrica de Cahora Bassa, a leader in #hydropower HCB is the country's preeminent hydropower company, providing clean and reliable #energy. Founded in 1975, HCB is the driving force behind the iconic #Cahora Bassa Dam, and is the second largest #power producer in Africa. HCB’s impact extends far beyond power generation! The company supplies clean energy to a significant portion of Mozambique, promoting economic growth and development. Its strong transmission network exports power to neighboring countries in the Southern African Power Pool, enhancing regional energy security. Additionally, HCB prioritizes eco-friendly power generation, minimizing its carbon footprint compared to traditional sources. 💡If you are considering investing in Africa’s infrastructure sector, HCB offers a stable and impactful opportunity! Please contact us today to find out more about investment opportunities: 📩 info@hamilcarcapital.com #HamilcarCapital #advisory #investment #trading #equityresearch #Mozambique #Hydropower #Utilities #Electricity #RenewableEnergy #Africa #HCB

Come March 31st 2025, the Umeme concession to run the government of Uganda's electricity distribution assets comes to an end. Irene Batebe, the Energy and Minerals Ministry Permanent Secretary assures Ugandans of a stable post-Umeme energy regime. Following the smooth ending and transition of a similar electricity-generation concession with South Africa's Eskom, Batebe reiterates that Uganda's capacity and skills to manage her energy sector, have come of age and now is the time to wean the sector off expensive private capital to a more affordable and sustainable public capital. https://lnkd.in/d4at4AhH 

Africa will need #investments of $190 billion each year between 2026 and 2030 to meet its #energy demand, according to an official from the operator of Nigeria's biggest thermal power plant. "Achieving Africa's energy and climate goals means more than doubling energy investment this decade. This would take it over $190bn each year from 2026 to 2030, which two-thirds going to clean energy," Seyi Sobogun, head of capital projects at Nigeria's #EgbinPower Plc, said at an energy event in #Senegal, citing findings from the International Energy Agency (IEA). In the two decades between 2000 and 2019, #Africa received a total of $109 billion in public commitments in the energy sector, with nearly $60 billion of that committed to #renewables, Sobogun said, as carried by Nigerian outlet Leadership. Hydropower is one of the renewable #energy sources available at large scale for free in Africa, 350 gigawatts hydropower potential. Africa clean energy can satisfy local demand and the surplus can be exported abroad. The World Bank Group and the African Development Bank Group are partnering to provide at least 300 million people in Africa with electricity⚡ access by 2030. President of the World Bank Group, Ajay Banja, told VOA Wednesday 17 April 2024 that the Bretton Woods institution is committing more than 30 billion dollars alongside the International Development Bank, IDA, to help boost #electricity generation in #Africa. Nigeria is an #AfCFTA member country #Hydropower #EnergySecurity #Markets #Trade #GDP #Growth #Economy #GlobalTrade #WorldEconomy #CleanEnergy #RenewableEnergy #ClimateChange #Fin4Dev

The $3 billion petroleum pipeline project, spearheaded by Coven Energy and Zimbabwe’s National Oil Company, is set to revolutionize Southern Africa's energy sector. As Zimbabwe positions itself as a regional fuel hub, pending Mozambique's approval, this endeavor signifies unity and economic advancement. It promises benefits like bolstered energy security, decreased reliance on road transport, and stabilized fuel costs. Despite hurdles, the project holds strategic value, fostering regional strength and prosperity. Mozambique's pivotal role as the entry point for inter-land connectivity amplifies its allure to investors eyeing Southern Africa's promising future.🚀🌍👌🏽 #MozambiqueGateway #EnergyTransformation #InvestmentOpportunity #RegionalIntegration #EconomicEmpowerment #InfrastructureDevelopment #FuelingProsperity #SustainableFuture #GatewayToAfrica #EnergyHub #InterlandEntry #SouthernAfricaProsperity #SouthernAfricaEnergyRevolution #FuelingRegionalGrowth #MozambiqueGateway #InvestInAfrica #EnergySecurity #SustainableFuture #RegionalProsperity #EconomicGrowth #CollaborationSuccess #investinmozambique #contactus #afcfta #intratrade #likeandshare #repost #linkedin #linkedintopvoices #businessadvisor #business

Energy stability is crucial for economic growth in Africa, particularly in countries like Zambia, where the reliable generation of hydroelectricity has led to a notable increase in GDP, reported at 3%. Access to consistent and affordable energy sources not only supports industrial productivity but also attracts foreign investment and enhances the overall business environment. In Zambia, the abundance of hydroelectric power enables the country to reduce its reliance on fossil fuels, lower energy costs, and foster sustainable economic development. This stability allows local industries to thrive, promotes job creation, and improves the quality of life for citizens, ultimately positioning Zambia as a key player in the region's economic landscape. By prioritizing energy stability, African nations can unlock their full economic potential and pave the way for a more prosperous future. https://lnkd.in/gfGRT8PA

Africa will need #investments of $190 billion each year between 2026 and 2030 to meet its #energy demand, according to an official from the operator of Nigeria's biggest thermal power plant. "Achieving Africa's energy and climate goals means more than doubling energy investment this decade. This would take it over $190bn each year from 2026 to 2030, which two-thirds going to clean energy," Seyi Sobogun, head of capital projects at Nigeria's #EgbinPower Plc, said at an energy event in #Senegal, citing findings from the International Energy Agency (IEA). In the two decades between 2000 and 2019, #Africa received a total of $109 billion in public commitments in the energy sector, with nearly $60 billion of that committed to #renewables, Sobogun said, as carried by Nigerian outlet Leadership. Hydropower is one of the renewable #energy sources available at large scale for free in Africa, 350 gigawatts hydropower potential. Africa clean energy can satisfy local demand and the surplus can be exported abroad. The World Bank Group and the African Development Bank Group are partnering to provide at least 300 million people in Africa with electricity⚡ access by 2030. President of the World Bank Group, Ajay Banja, told VOA Wednesday 17 April 2024 that the Bretton Woods institution is committing more than 30 billion dollars alongside the International Development Bank, IDA, to help boost #electricity generation in #Africa. Nigeria is an #AfCFTA member country #Hydropower #EnergySecurity #Markets #Trade #GDP #Growth #Economy #GlobalTrade #WorldEconomy #CleanEnergy #RenewableEnergy #ClimateChange #Fin4Dev

Renewable energy holds immense importance for Nigeria's sustainable development. As Africa's most populous nation and a growing economy, Nigeria faces energy challenges, including unreliable power supply and overdependence on fossil fuels. Embracing renewable energy sources such as solar, wind, and hydroelectric power presents a transformative opportunity. Firstly, renewable energy diversifies Nigeria's energy mix, reducing its vulnerability to fluctuations in oil prices and supply disruptions. This enhances energy security and stability, crucial for economic growth and social progress. Secondly, transitioning to renewable energy mitigates environmental degradation and climate change impacts. Nigeria, like many other nations, faces environmental challenges such as deforestation, air pollution, and carbon emissions. Embracing clean energy technologies reduces carbon footprints and contributes to global efforts to combat climate change. Furthermore, renewable energy offers decentralized and off-grid solutions, extending access to electricity to remote and underserved communities. This fosters inclusive growth, empowers local economies, and improves living standards, particularly in rural areas. In conclusion, prioritizing renewable energy in Nigeria's energy transition is not just a necessity but a strategic imperative. It unlocks multiple benefits, from enhancing energy security and environmental sustainability to promoting economic prosperity and social equity. By embracing renewable energy, Nigeria can chart a path towards a more resilient, inclusive, and prosperous future. #RenewableEnery #Solar #GreenEnergy