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    • Siemens Gamesa works through COVID challenges to help feed 250MW of clean energy to South Africa’s grid (1)
    • Siemens Gamesa works through COVID challenges to help feed 250MW of clean energy to South Africa’s grid (2)
    • Siemens Gamesa works through COVID challenges to help feed 250MW of clean energy to South Africa’s grid (3)
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Source: Siemens Gamesa |

Siemens Gamesa works through COVID challenges to help feed 250MW of clean energy to South Africa’s grid

Siemens Gamesa has installed over 850MW of wind power in the country, close to one third of market share

109 wind turbines installed in Kangnas and Perdekraal wind farms with a combined capacity of 250MW; Both projects represent one of the first ‘Bid Window 4’ wind farms to feed power to South Africa’s national grid; Siemens Gamesa (www.SiemensGamesa.com) has installed over 850MW of wind power in the country, close…

African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber to Gather Industry Stakeholders within the CEMAC Region Ahead of 2021 Recovery

The event will gather all of the Chamber’s partners and industry stakeholders in Equatorial Guinea as the market embarks on a path to recovery in 2021

To mark the launch of the latest African Energy Outlook 2021, the African Energy Chamber (www.EnergyChamber.org) will be hosting a Power Breakfast in Malabo on Wednesday November 25th. The event will gather all of the Chamber’s partners and industry stakeholders in Equatorial Guinea as the market embarks on a path…

African Energy Chamber
Source: African Energy Chamber |

Oil and Gas Discoveries and Activity in Southwest Africa Set to Open New Basins for Development and Trigger Big Investments in Namibia, Angola and South Africa (By NJ Ayuk)

This is a time for the oil and gas companies that are involved in these mega-opportunities to redouble their efforts to support local communities and people

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org) Last spring, the Maersk Voyager, an ultra-deepwater drillship under contract by French supermajor Total, drilled a wildcat well in the deepest water ever - 3,628 meters (11,903 feet) in Block 48, a massive area with potentially huge oil reserves in the…

Source: African Union (AU) |

African Business Council (AfBC) emerges as united voice of the continent’s private sector in support of the African Continental Free Trade Area (AfCFTA)

The AfBC will serve as a key pillar within the architecture of the AfCFTA by ensuring there is organized interaction between the Pan-African Private Sector and African Policymakers

The African Union (AU) saw the introduction of the African Business Council (AfBC) through the delivery of a Side Event held on the margins of the 2020 African Industrialization Week (AIW). The Side Event which focused on the ‘Introduction of the AfBC and Its Role in Africa’s Industrialization’ was led…

Source: African Union (AU) |

Data from external sources does not reflect realities of African countries: African Statistics Day

Statistics remain a key element in the implementation of the development agenda and remain at the heart of the implementation of Africa’s Agenda 2063

Commemorative events on the African Statistics Day have concluded with emphasis on the need to harmonize and invest more resources in technical and financial aspects of the development of statistics, if African statistics are to regain their full credibility. Statistics remain a key element in the implementation of the development…

Source: African Development Bank Group (AfDB) |

Africa Industrialisation Day: African Development Bank calls for Faster Industrialisation of African Economies

The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies

At the forefront of promoting smart industrial policies and mobilising infrastructure development funding for Africa, the African Development Bank (https://www.AfDB.org/) on Africa Industrialization Day 2020, urges the continent to accelerate industrialization for the transformation of African economies. The African Development Bank counts Industrializing Africa as one of its High-5 key…

Source: African Development Bank Group (AfDB) |

African Development Bank’s investments are transforming the continent, unlocking economic potential, and spurring development - 2020 Annual Development Effectiveness Review (ADER) report

20.3 million people are benefiting from improvements in agriculture (47% women); 3,919 km of feeder roads rehabilitated or built

From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (https://www.AfDB.org/) are paving the way to unlock Africa’s economic potential, according to the 2020 Annual Development Effectiveness Review (ADER) (https://bit.ly/3pLL75t), released on Friday. The report, which analysed the Bank’s contribution to Africa’s…

Source: CEMAC (Economic and Monetary Community of Central Africa) |

Round Table for the Financing of CEMAC Integration Projects – Paris, 16 & 17 November 2020

CEMAC takes up the Challenge and Mobilizes 3.8 Billion Euros to Finance Integration Projects in the CEMAC zone

After two days spent in Paris meeting with representatives of the French Government, heads of community institutions, representatives of international institutions, donors and private investors, CEMAC (http://www.CEMAC.int/) can boast of significant economic success. Under the leadership of HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of…

Source: African Development Bank Group (AfDB) |

Sudan: $28.233 million in African Development Fund Grants to bolster response to COVID-19

The grants are being provided under the African Development Bank’s COVID-19 Response Facility

The Board of the African Development Fund on Wednesday approved grants worth $28.233 million to Sudan to shore up the country’s health system to effectively respond and contain the COVID-19 pandemic, mitigate its social and economic impacts and build resilience to future pandemics, including climate-induced outbreaks.  The funding will take…

African Energy Chamber
Source: African Energy Chamber |

African Countries must develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon (By NJ Ayuk)

The African Energy Chamber has said since it was founded that African countries with petroleum reserves must adopt competitive fiscal regimes to promote thriving oil and gas operations

By NJ Ayuk, Executive Chairman, African Energy Chamber (EnergyChamber.org) The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak…