English Arabic French Portuguese Spanish

ENGIE confirms solar plan for Africa at Energy Forum in Mauritius

20 July 2018

The French utility, ENGIE, has announced its plans to launch off-grid energy in Africa at the Africa Energy Forum. The news was revealed at the event, which took place between 19-22 June in Mauritius, with ENGIE confirming it intends to expand its solar home system (SHS) and mini-grid activities. Through its unit, ENGIE PowerCorner, the firm will introduce new mini-grid projects to Zambia, whilst the Fenix subsidiary will target Côte d’Ivoire with its SHS. The recent plans are part of the company’s ultimate goal to supply access to decarbonised, decentralised energy provision to 20mn people globally by 2020.

“Advances in decentralised energy put universal access within reaching distance, but the scale of the challenge is significant,” stated Yoven Moorooven, CEO of ENGIE Africa. “As governments work hard to improve electrification rates, decentralised solutions must be part of the mix.” “The extension of national grids, combined with the development of local mini-grids and solar home systems can together be a viable solution towards the UN's 7th Sustainable Development Goal, provision of affordable, reliable, sustainable and modern energy for all.” “Demand for clean and safe energy across Africa is continuing to increase, and the supply needs to rise in both speed and quantity.” “It is encouraging to see a number of African governments and regulators putting renewable energy at the core of their energy policies and implementing much-needed supporting regulations.” (African Business Chief)

  • The Africa CEO Forum - March 25-26, 2019 - Kigali, Rwanda.

    The Africa CEO Forum - March 25-26, 2019 - Kigali, Rwanda.

    We made it!

     

    Why Attend?

     

    For CEOs :

    - Benefit from an unrivaled networking platform with top decision-makers.

    - Identify new business opportunities with the world’s most influential business leaders.

    - Learn from the world-class consultants and experts on how to navigate your company’s greatest challenges.

     

    For Investors :

    - Gain exclusive insights on the most promising investment projects in Africa.

    - Build lasting relationships with government officials who are looking to create strong alliances and business partnerships.

    - Adjust your strategies to the current economic and geopolitical outlook.

     

    For Governments:

    - Showcase your country's strategies and vision for attracting investors into your country.

    - Get deeper insights into sector to build new projects.

    - Turn the world’s top investors into partners.

     

    The AFRICA CEO FORUM brings together company executives, investors and public officials with the following profiles :

    • Chair of the board
    • President/CEO
    • Managing Director
    • Vice-President
    • Partner/Associate
    • Minister of Economy, Finance, or Industry
    • Head of Financial Institution
    • Presidential Economic Advisor

     

    For company executives, the annual turnover must exceed 10 million euros.
    Please note this is a pre-registration process and each registration is screened carefully to ensure the admission criteria is met. You will receive a confirmation and details on next steps from the organizers following this process.
    Capacity at the event is limited so kindly submit your pre-registration as soon as possible to secure your seat. 


    Please note your participation is secured following payment of the registration fees.  General terms and conditions available here

    REGISTER HERE TERMS AND CONDITIONS
    We made it!

     

     

     

  • Intra-African Trade Gets $1 Billion Push

    Intra-African Trade Gets $1 Billion Push

    The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa SOC Limited (ECIC), yesterday, Johannesburg, unveiled a $1billion financing programme to promote and expand trade and investments between the country and the rest of Africa.

    The financing, under the South African-Africa Trade and Investment Promotion Programme (SATIPP), Afreximbank and ECIC will work together to identify, prepare and appraise trade transactions and projects.They will also explore co-financing and risk-sharing opportunities, as well as share knowledge, with particular emphasis on intra-African trade matters, through technical cooperation, staff exchange, research and joint events.

    This is coming few weeks after the continent's largest trade bank, reiterated its cooperation with Nigeria's quest for development and offered to arrange financing of up to $1 billion to support investments in trade enabling infrastructure.The pan-African multilateral lender said that its facilities had made major impact on critical sectors of the Nigerian economy, while the institution now has loans outstanding of about $3.5 billion in the country as at 31 December 2017.

    The bank identified the benefiting sectors of its to include financial institutions, transport, hospitality, manufacturing, agro-allied, oil and gas, power, and telecommunications.But addressing the business community, media and stakeholders from the public and private sectors, the President of Afreximbank, Dr. Benedict Oramah, said that the joint initiative would support businesses through capacity building and market information initiatives and would help small and medium-sized entrepreneurs to join regional supply chains.

    It would also provide advisory services and guarantees to South African investors seeking trade and investment opportunities in Afreximbank's regional member countries.According to him, the initiative provides a platform for the realisation of Afreximbank's strategic objectives in line with its strategy- Impact 2021: Africa Transformed, which prioritises intra-African trade, industrialisation and export manufacturing.

    The Chief Executive Officer of ECIC, Kutoane Kutoane, said: "We realise that one of the best ways to enhance our exporting capabilities as a country is by intensifying mutually beneficial trade with the rest of the continent." Today, Afreximbank commenced its yearly general meetings in Abuja, slated for July 11 to 14, while it also has the Intra-African Trade Fair in Cairo slated for December 11 to 17, in efforts to promote trade among African countries.

    Oramah said the trade fair, being promoted in collaboration with the African Union and the Egyptian government, would be the continent's single largest trade fair and the first of its kind.It will feature a seven-day trade show where Nigerian businesses could join others to showcase their capital goods and service offerings to a large market, including private sector corporates and government institutions from up to 55 African countries.

    Read the original article on Guardian.
Login to post comments

The Pan African Chamber of Commerce and Industry was established in 2009 by 35 founding national business chambers to influence government policy and create a better operating environment for business.

Latest Tweets