D.A. Barber, 11:40 am AFKI Original
Strong transportation infrastructure can be a boost for jobs, economic development and quality of life. But the condition of roads, railways and ports has long been slowing local business and foreign investment in Africa.
D.A. Barber, 11:17 am AFKI Original
With Africa’s push for rural electrification, microgrids are fast becoming a cost-effective way to extend electrical service. Worldwide revenue from the technologies that enable microgrids is expected to grow from $5.5 billion in 2014 to $26.3 billion in 2023, according to a company that analyzes global clean technology markets. “The problem is big companies like GE, they’re saying ‘these systems are too small for a big company like us, that it doesn’t really make economic sense,’” a research analyst told AFKInsider. Smaller companies are picking up the slack.
D.A. Barber, 12:08 pm AFKI Original
South Africa is moving more rapidly than most countries with its plans to develop its potentially huge shale gas resources. But that gas is only accessible by hydraulic fracturing or “fracking” and that means finding large volumes of water, which some new reports say is a risky business challenge. According to a Sept. 2 market research report by Allied Market research, Global Shale Gas Market – Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 – 2020the global shale gas market is forecast to reach $104.1 billion by 2020. Shale gas reserves in Africa are estimated at over 1.3 trillion cubic feet — with over 400 trillion cubic feet estimated to be in South Africa’s Karoo Basin
D.A. Barber, 4:58 pm AFKI Original
Sub-Saharan Africa —home to six out of 10 of the fastest growing economies in the world – is challenged to maintain the impressive growth rates of close to 5 percent because it requires reliable and sustainable energy. Yet the power infrastructure remains inadequate. “The problem of inadequate electricity supply is multifaceted: it includes a lack of generating capacity, rundown existing stock and limited transmission and distribution infrastructure,” according to the International Energy Agency’s Oct. 13 Africa Energy Outlook report.
D.A. Barber, 11:27 am AFKI Original
The Ebola outbreak has been taking its toll on many highly anticipated conferences — even in countries where no case of Ebola has occurred. The good news is that on Oct. 20 the World Health Organization officially declared that Nigeria is now Ebola free, meaning most of the planned conferences in that country are still a go.
D.A. Barber, 2:56 am AFKI Original
South Africa has started seriously shopping around for companies to build eight new nuclear power plants totaling up to 9,600 megawatts by 2030 as part of their estimated $37 billion nuclear expansion program. The process has been dragging on for years and is a good lesson in what the other sub-Saharan Africa countries who have expressed interest in nuclear power might experience as they move forward.
D.A. Barber, 10:19 am AFKI Original
While the sharply falling price of renewable technologies means projects are less dependent on subsidies, policy and regulatory uncertainty in some key African markets is driving a slowdown in renewable energy investment,
D.A. Barber, 3:22 am AFKI Original
Investors will be flocking to Africa as well as London and Washington in October for not only African energy conferences, but conferences targeting the business sectors involved in financing, infrastructure, and the mining industry. Two conferences are worth noting right up front. The first is the 6th U.S.-Africa Infrastructure Conference (Washington, D.C., Oct. 7-8) sponsored by the Corporate Council on Africa.
D.A. Barber, 6:00 am AFKI Original
Although the African continent contributes only about 3 percent to global greenhouse gas emissions, it would be one of the regions most severely affected by climate change. But the impacts of climate change are already being felt in Africa, causing increased wildfires, shrinking rivers that feed hydro-power plants and an increase in water-borne diseases.
D.A. Barber, 5:35 am AFKI Original
A little discussed aspect of Power Africa is a program to help sub-Saharan nations with governance of their newly discovered fossil fuel resources that affords transparent financial management.