Brand South Africa’s Post

The Africa Capital Markets Intensive is off to a stellar start. Shaakira Karolia from Ministry in the Presidency for Electricity kicking off with a presentation on Electricity's Transmission Finance Initiatives. Michael Ndinisa Stanley Austin Africa Sustainable Finance Intensive (ASFI) #capitalmarkets #sustainablefinance

⚡️The African Development Bank Group holds the 𝟴𝘁𝗵 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗳𝗿𝗶𝗰𝗮 𝗘𝗻𝗲𝗿𝗴𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗹𝗮𝗰𝗲 (𝗔𝗘𝗠𝗣) on: 💻𝗩𝗶𝗿𝘁𝘂𝗮𝗹: 𝟭𝟱-𝟭𝟳 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟰 (𝗦𝘁𝗮𝗿𝘁𝘀 𝘁𝗼𝗱𝗮𝘆)   ✋🏽 𝗜𝗻-𝗽𝗲𝗿𝘀𝗼𝗻: 𝟳-𝟴 𝗠𝗮𝘆 💡 Title: 𝗧𝗼𝘄𝗮𝗿𝗱𝘀 𝗡𝗶𝗴𝗲𝗿𝗶𝗮’𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗙𝘂𝘁𝘂𝗿𝗲: Policy, Regulation, and Investment." - A Policy Dialogue for the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP). Find details and registrations links here: https://lnkd.in/dGQrE93k UKNIAF's technical assistance to the Federal Ministry of Power is essential for Nigeria's #sustainableenergy future. It aligns with the goals of the upcoming 𝗔𝗳𝗿𝗶𝗰𝗮 𝗘𝗻𝗲𝗿𝗴𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗹𝗮𝗰𝗲 (AEMP). We will leverage our expertise to provide insights and recommendations on policy, regulation, and investment strategies in the energy sector. Our contributions include data-driven assessments of energy infrastructure, proposals for #sustainablesolutions, and advocacy for capacity-building initiatives. By analysing international best practices, we aim to empower stakeholders to develop comprehensive policies that attract investment and address energy challenges. Together with the Federal Ministry of Power and other development partners, UKNIAF is committed to shaping a resilient energy landscape that supports economic growth and environmental stewardship, ultimately benefiting all Nigerians. ukniaf.ng #energyefficiency #energyaccess #energytransition Foreign, Commonwealth and Development Office UK in Nigeria Frank Edozie Eyo O. Ekpo Jessica Kelechi Ezieme Emeka Okpukpara Ronojoy (Ron) Sircar

SPAC Feed: Who Finances Energy Projects in Africa?  Carnegie Endowment for International Peace Source: Who Finances Energy Projects in Africa? – Carnegie Endowment… - https://lnkd.in/eTtNWdXD #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business

Check out NJ Ayuk JD, MBA.'s insights in this month's Intelligent CIO Africa edition. #EnergyTransition #oilandgas #oilandgasindustry #oilgas

🌎 "Solution Provider Insights" | Highlights A New Mechanism for Mitigating Currency Risk to support Africa's Transition hosted by African Development Bank Group at #aef24 in 📍 Barcelona This discussion will explore how clean energy projects are financed on the continent. Engaging stakeholders on the need to create a financial mechanism that allows African countries to mitigate currency risk in energy infrastructure financing. AfDB’s preliminary analysis of a Basket of potential commodities and structuring options for the new mechanism. Raising awareness on the ongoing efforts of select countries to secure greater economic benefits by leveraging their mineral wealth Wale Shonibare, Director Energy Financial Solutions, Policy & Regulations, African Development Bank Group will be the chairperson of this session. Featuring key participants: H.E. Honourable Monica Chang’anamuno, Minister of Mining, Malawi. Mohan Vivekanandan, Group Executive Coverage, Development Bank of Southern Africa (DBSA). Holger Rothenbusch, MD & Head of Infrastructure & Climate, British International Investment. Basma Bantaher , Chief Development Officer, AMEA Power Find out more about the hosted boardrooms here >> 🔗 https://bit.ly/44Yx9Ca

The IFC - International Finance Corporation and Emerging Africa Infrastructure Fund (EAIF) are anchor investors in a #bond issue intended to support a government-led programme to connect more low-income households to Côte d'Ivoire's #electricity #grid. #Africa #CotedIvoire #CdI #sdg7 #energyaccess #powerdistribution #energy #finance

Bringing electricity access to hundreds of millions in Africa requires a multi-pronged approach that combines grid extension with innovative off-grid solutions. Here's a breakdown of some key strategies: **1. Expanding the Grid:** * **Focus on Efficiency:** Revamping existing national utilities to improve efficiency and cost-recovery is crucial. This allows for reinvestment in grid expansion and reduces the financial burden [World Bank blogs]. * **Regional Cooperation:** Encouraging cross-border power trade between African countries can optimize resources, lower costs, and create a more robust grid system [World Bank blogs]. **2. Prioritizing Off-Grid Solutions:** * **Mini-Grids and Solar:** For remote areas, establishing mini-grids powered by renewable sources like solar is a proven and cost-effective way to reach unelectrified communities [International Energy Agency (IEA)]. * **Stand-Alone Systems:** Subsidies or micro-financing schemes can make individual solar home systems more affordable for low-income households [World Bank]. **3. Enabling Factors:** * **Public-Private Partnerships:** Attracting private sector investment is essential for financing large-scale projects and fostering innovation in the renewable energy sector [International Monetary Fund (IMF)]. * **Supportive Policies:** Government policies that incentivize renewable energy development, streamline regulations, and promote energy efficiency can significantly accelerate progress [IEA]. **Examples of Success:** Countries like Ghana, Kenya, and Rwanda have shown significant progress in electrification by adopting a combination of these strategies. Learning from their experiences can guide other African nations. This is a complex challenge, but by implementing a comprehensive strategy that leverages both grid expansion and innovative off-grid solutions, Africa can achieve the goal of universal electricity access for its people.

Improved health, education, livelihoods and so much more. This video from our Hardest-to-Reach initiative Partners, Power Africa, sums up how much progress can be achieved when energy stakeholders come together. Watch 👇.

Substantial plans, anyway. (If&when) 👍 More significant funds & reforms.👌 Critical problems? Imho: • Unsatisfactory past track record, both on promises & performance (both WB & govts needing replacements?). • Endless fighting for power, displacements & instability in #SSAfrica (reversing the progress too). • Endless mismanag't & incompetence of utilities. Self-interested governance. • Neglect of EXTREME poverty, esp. of those living dispersed 🛖 🏜 ⛰️🛖 in rural areas, pastoralists, IDPs... • Absence of necessary affirmative actions targetting 🎯 poorest women &👩👦, for a change. • Trickle-down system being only a trick.

South African market news from the past week. •            President Cyril Ramaphosa gave little detail about his plans to address the country’s major challenges in his annual State of the Nation Address (SONA). ·                 Traders and investors now await the budget speech on February 21, which is arguably a more important announcement given that it will contain details on the country’s finances. •            State committed to a mega transmission grid - plans to build 14,000km of new transmission lines to allow new renewable energy projects to connect to the grid •            Volkswagen Group South Africa, which exports about 70% of the vehicles to make a significant investment in the production of a third model locally that is specifically aimed at the African continent •            R1.2-trillion Libyan sovereign wealth fund has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, putting a multibillion-rand property portfolio at stake •            SA election date announcement expected soon - IEC now has 27.4-million people on the voter’s roll Credit: Ninety One Bovest Wealth Management is an Authorized Financial Services Provider(FSP: 35064) *This does not serve as financial advice.