Tag Archives: power
power: Latest News
Staff, 1:00 am
By moving manufacturing to Ethiopia, Chinese textile companies are moving closer to their raw material base, the cotton-producing countries. This is part of their value chain repositioning, a strategy most Chinese companies are adopting. They’re are also using Africa as a gateway to emerging markets on and off the continent. Products made in Ethiopia can be exported duty- and quota free to the U.S. under the African Growth and Opportunity Act (AGOA). The same benefits apply to the E.U. Ethiopia also offers cheap electricity at US$0.04 cents per kilowatt hour. It’s now the second-largest electricity producer in sub-Sahara due to its hydropower dams.
Dana Sanchez, 11:11 am
Chad’s Moussa Faki Mahamat replaces South Africa’s Nkosazana Dlamini-Zuma, who is expected to run for president of South Africa in a bid to replace her ex, Jacob Zuma. Mahamat, 56, previously served as the chairman of the A.U.’s Economic, Social and Cultural Council. His boss, President Idriss Deby, has ruled Chad for 26 years. Kenyan Foreign Minister Amina Mohamed was Mahamat’s main rival in the final round of voting. She is one of the most vocal critics of the International Criminal Court.
Staff, 4:03 pm
The Africa Energy Forum isn’t happening in Africa but 75 percent of Africa’s energy regulators, utilities bosses and ministers will be there, according to event organizers. The 19th annual conference is scheduled for June 7–9, 2017, in Copenhagen, Denmark. Participants travel from Africa to Europe to meet and do business with power investors from around the world. The goal? To capitalize on the wealth of Scandinavian companies investing in Africa’s power sector.
Staff, 10:20 am
The ICC’s reason for existence is to hold the most powerful accountable. Nine out of 10 of the ICC’s current investigations are in Africa, leading to allegations of bias. Despite 34 African nations voluntarily signing up to the court’s jurisdiction, in recent years a handful of governments have decided their idea of international justice is incompatible with the ICC. When Kenyan President Uhuru Kenyatta was charged with crimes against humanity, the A.U. argued that heads of state should be entitled to immunity for the duration of their term.
Dana Sanchez, 3:41 pm
Energy represents more than 15 percent of the total cost of mining production — reason enough to reduce energy use. But mining companies tend not to pay attention to cost during boom times. The collapse of the emerging market commodities boom has miners scrambling to reinvent themselves. With ample wind and solar at their disposal, 80 percent of new African mines are expected to be partly clean energy-dependent by 2026. In Africa, the future power demand from mining will come overwhelmingly from Southern Africa, says World Bank.
Dana Sanchez, 6:37 pm
A major collapse of ANC support could pressure Zuma to step down before his second term ends in 2019. The ANC still commands huge support across South Africa but it can no longer assume the black majority will follow it. The vote is seen as a hint of how the next general election could go. It’s also a mid-term comment of Zuma’s performance. He’s been the subject of scandals since taking office in 2009, and plagued by the country’s economic crises. A record 26.3 million South Africans registered to vote for mayors and other local representatives overseeing water, sanitation and power supply — all political issues.
Dana Sanchez, 1:59 pm
Older black South Africans are expected to stay loyal to the ANC despite its problems. In the Diepsloot township, retired seamstress Dorothy Mavuso, 81, said she’s with the ANC forever. “I am voting for my children and their children and their children, and there is only one party that can help us get money and jobs: the ANC,” said Mavuso, who lined up to vote at daybreak. “I will never change my vote. Never.” Others say Zuma has damaged the party. Zuma’s leadership ends in 2019 under a two-term limit.
Dana Sanchez, 10:39 am
People are questioning President Eduardo dos Santos’ timing and who will succeed him. The second-largest oil producing country in Africa, Angola is in economic crisis as lower oil prices gouge the government’s revenue. If he steps down, there are concerns he will choose his replacement. Likely candidates include his son, Jose Filomeno, and his entrepreneurial daughter, Isabel. Critics accuse Eduardo of human rights abuses. Can he step down voluntarily?
Dana Sanchez, 4:40 pm
Ethiopia is investing in power plants as it seeks to become one of the continent’s largest electricity exporters. Mozambique is developing projects that could make it the third-largest shipper of liquefied natural gas. They’re two of the fastest-growing African countries and GE wants a piece of that. Boston-based GE is the sixth-largest firm in the U.S. by gross revenue. Power will be its biggest growth sector in Africa as it looks to double revenue on the continent in five years.
Staff, 8:02 pm
Ethiopia is forecast to be among the “Big Five” nations in Africa over the next 25 years, increasing its influence. “There will be a change in the power capabilities of Algeria, Egypt, Ethiopia, Nigeria and South Africa over the next 25 years,” according to the ISS. Of the Big Five, two currently punch above their weight: one that is rising — Ethiopia — and another whose growth is stagnant — South Africa.
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