Nalule Energy & Minerals Consultants (NEM Energy)’s Post

🌍 Financing Future in Africa - the Energy Forum particularly showcased critical discussions around financing the #energy #transition in Africa. 📈 A key panel, "Financing Energy Transition – New Challenges, New Instruments?" featured Ehouman Narcisse Kalifa from the Ministry of Mines, Petroleum and Energy, Côte d’Ivoire; Ozioma Agu from Stren & Blan Partners and Philip Koelle from GAUFF GmbH & Co. Engineering KG. Moderated by Ulf-Peter Noetzel, the panelists involved in an insightful discussion on adapting financing instruments to meet global, regional, and local needs and promoting #sustainable #investments to ensure the success of energy transitions 💡🌍. Another pivotal panel, "Green Energy Investments in Africa and ESG Standards," included Rodrigo Costeira from MCA Deutschland; Uwe Fitschen from Euler Hermes; Jessica Hauuanga from Namibia Investment Promotion and Development Board (NIPDB) and Chigozie Nweke-Eze from Integrated Africa Power (IAP). Stephan Kippe, CFA from Commerzbank AG, moderated this session, which explored how #ESG standards influence the financing of Africa's energy #infrastructure and how sustainable financing supports the ESG goals of international energy companies. 🌱🌐 Special thanks go to the panelists and moderators. Both panels superbly highlighted the pressing need and approaches to energy transition, underlining the critical role of finance in these initiatives 💼🌟. And by the way: Afrika-Verein has recently revived its #Finance Working Group. As AV member, you're very welcome to join and contribute to shaping the future of finance in Africa. #EnergyAfrica24

Dreny & Partners is pleased to present an in-depth analysis of the recent transformative amendments in Egypt’s investment landscape. The Prime Minister's Decree No. 1203 of 2024 marks a monumental shift in the executive regulations of the Investment Law No. 72 of 2017. This strategic change is intended to increase Egypt's global competitiveness and draw investments in emerging sectors such as renewable energy, agricultural technology, and tourism. To check out the detailed overview of how these amendments could affect your business and investment strategies, please visit:  https://lnkd.in/g36wGRSK #drenyandpartners #InvestmentLaw #Egypt #EconomicDevelopment #LegalUpdate #BusinessLaw #Egypt

"Explore our comprehensive legal update on Egypt's Decree No. 1203 of 2024, which streamlines investment processes, promotes economic growth in underdeveloped areas, ensures rigorous oversight, and aligns Egypt with global investment standards. Discover how these significant changes can enhance your business strategy and investment opportunities in Egypt. #InvestmentLaw #EgyptEconomy #BusinessGrowth #StrategicInsight"

Mr. Neville Ephraim, delved into embedding green energy solutions into African manufacturing. If Africa's manufacturing sector is to be active in global markets it will need to adapt its traditional processes to not only use greener forms of energy but also, the processes themselves will need to adapt to keep pace with modern expectations in terms of environmental responsibility. How can this be achieved? #CentralEnergyFund #CEF #AfricaEnergyIndaba

The Africa Energy Market Place (AEMP) focuses on #Nigeria this year, and the sessions start today! It promises to be exciting, as a crucial policy dialogue to make inputs into Nigeria's National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP). Please find registration details in the link below. #PowerAfrica #AEMPNigeria #AEMP2024

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

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

🌍 The Covenant of Mayors in Sub-Saharan Africa #CoMSSA recently held an event in Abuja to advance private sector engagement, facilitate a dynamic dialogue with project developers and collect feedback from #RenewableEnergy actors, particularly #SolarEnergy companies active in Nigeria. ⚡ A highlight of the agenda was the presentation of the project pipeline for the “Energy as a Service” model.   The initiatives showcased include CoMSSA's innovative "Urban Smart Energy” #USE, the Project Development Programme #PEP, and the "Decarbonising Humanitarian Energy” #DHE initiative by the United Nations Institute for Training and Research (UNITAR).   The event also spotlighted the advisory and funding services offered by GET.invest to mobilise renewable energy investments in developing countries.   🤝 In-depth exchanges between participants paved the way for discussions on potential collaborations.   CoMSSA is co-funded by the European Union, the German Federal Ministry for Economic Cooperation and Development (BMZ), and the Spanish Agency for International Development Cooperation (AGENCIA ESPAÑOLA DE COOPERACION INTERNACIONAL PARA EL DESARROLLO - AECID) and is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in cooperation with CoMSSA partners, Secretariat and Helpdesk.   PEP is funded by the German Federal Ministry for Economic Affairs and Climate Action and implemented by GIZ.   GET.invest is a joint initiative of the European Union, Germany, Norway, the Netherlands, Sweden and Austria. The programme runs on the platform of the Global Energy Transformation Programme (GET.pro) that is implemented by GIZ.

Ghana’s Report on the Implementation of Article 6 of the Paris Agreement ➡ Collaboration: Ghana's Article 6 national framework is a result of collaboration between the Ministry of Environment, Science, Technology, and Innovation (MESTI) and the UNDP Ghana country office. ➡ Approval: In January 2023, Ghana's cabinet approved the framework for the international carbon market and non-market approaches, enabling the implementation of voluntary cooperation under Article 6 of the Paris Agreement. ➡ Government-to-Government Cooperation: Ghana is involved in 5 bilateral cooperative approaches under Article 6.1 of the Paris Agreement, hosting parties from Switzerland, Sweden, Singapore, South Korea, and Liechtenstein. ➡ Ghana-Switzerland Agreement: Twelve projects are being developed under the agreement between Ghana and Switzerland. ➡ Investment and Jobs: Eight projects have reached investment decision points, attracting up to ~ USD 850 million in direct investment, carbon revenues, and fees by 2030. These projects are also expected to create a minimum of 7,000 green jobs. ➡ Project Pipeline Growth: In 2023, the Climate Mitigation Office (CMO) project pipeline almost tripled from 12 in Q1 to 35 in Q4. ➡ Leadership: Private companies and individual entities lead all 35 projects in the pipeline. ➡ Scope of Projects: The 35 pipeline activities cover 10 activity scopes, including solar (2), clean cooking (14), transport (2), nature-based solutions (6), agriculture (4), landfill gas management (1), avoided methane (1), HFC reduction (1), bioenergy (3), and low-carbon water purification (1). #vcm #article6 #carbonmarkets #sustainability #ghana #undp #itmos

Such an insightful discussion with fascinating panelists! My key takeaways: Africa is a true litmus test for ESG regulation, and success requires pragmatism and a strict focus on the essentials. (Also don‘t close your eyes while being photographed…)