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ENGIE confirms solar plan for Africa at Energy Forum in Mauritius

20 July 2018
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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)

  • Sierra Leone signs The Afican Continental Free Trade Agreement

    Sierra Leone signs The Afican Continental Free Trade Agreement

    Sierra Leone has become the latest country to subscribe to the trade treaty seeking a unified African market. President Julius Maada Bio appended his signature to the African Continental Free Trade Area (AfCFTA) agreement in the Mauritanian capital, Nouakchott on Monday, State House in Freetown disclosed. President Bio, in office for just four months, was making his maiden appearance at the 31st Ordinary Session of the African Union General Assembly.

    The theme was: ‘Winning the Fight Against Corruption: A Sustainable Path to Africa’s Transformation.’

    President Bio is the head of the AU’s Committee of Ten on the Reform of the United Nations Security Council, a position he inherited from his predecessor Ernest Bai Koroma.

    Free movement

    He is also chairman of the AU Peace and Security Council, under which he chaired several sideline meetings. AfCFTA promises to break the cross-border trade barriers to ensure productive economic activities among member countries. It specifically aims to create a single continental market for goods and services, with free movement of business people and investments, and thus paving the way for accelerating the establishment of a continental customs union.

    The deal initially requires members to remove tariffs from 90 per cent of goods to allow free access to commodities and services across the continent.  AfCFTA's overall goal is to bring together the 54 African countries with a combined population of more than one billion people and a gross domestic product of more than $3.4 trillion, the AU says.

    If successfully implemented, analysts say, it could increase the economic diversification and intracontinental trade significantly. And a study attributed to the UN Economic Commission for Africa (UNECA) notably says that AfCFTA could lead to a 52 per cent increase above the baseline in intra-African trade flows by 2022.

    The agreement, which was first unveiled at an extraordinary summit of the AU Heads of State and Government in the Rwandan capital, Kigali, earlier in March, will create what has been described as potentially the largest free-trade area in terms of participating countries since the formation of the World Trade Organisation.

    New government

    Sierra Leone was in the middle of its elections at the time which ushered in a new government.

    Freetown State House said Monday in a statement that President Bio’s ascension to the agreement signifies his commitment to his “ambitious agenda” to ensure that it has access to the rest of the continent’s market and use trade and investment to revitalise its economy.

    The agreement had been signed by 44 member countries in Kigali.

    Kenya, Ghana and Rwanda were first to sign and ratify the agreement.

    It requires 22 ratifications by members for the treaty to come into effect.

    ( article By KEMO CHAM Nation Media Group )
  • AfCFTA  WORKSHOP SERIES- Nairobi Edition October 23rd - 24th, 2018

    AfCFTA WORKSHOP SERIES- Nairobi Edition October 23rd - 24th, 2018

    AfCFTA WORKSHOPS SERIES 2018

    First Edition - The Weston Hotel, Nairobi - Kenya!

    October 23 - 24, 2018, 

     

    The Workshop is Happening Now!

     

     

     

    For exporters, importers and cross-border investors to learn how the African Continental Free Trade Agreement (AfCFTA) and other trade changes will impact your business this year and beyond.  

     

    We’re speaking with leaders who are on top of all the changes and innovations made to the most important trade agreement in Africa. We’ll be offering up a mix of information on tax reform, AfCFTA, trade/tariffs and more.

    This special AfCFTA workshop series, in collaboration with the experts at AU Commission, will be held in various cities over the coming months, with the kick-off in Nairobi October 23 - 24, 2018. For each discussion, members may tune-in from anywhere.

     

    WORKSHOP  PROGRAM

    1. Keynotes on the AfCFTA and its implementation

    2. The business framework and the outlook for AfCFTA and its implications on African countries [Presentation]

    3. Challenges and opportunities: a practical approach [Panel Discussion]

    4. The deepening of East African integration, and Kenya as key player in regional supply chains [Presentation]

    5. The most prominent concerns of the AfCFTA implementation, immigration and border security [Presentation]

    6. Importance of the AfCFTA to Ethiopia, Ghana, DRC, Mozambique, Morocco [Panel Discussion]

    7. AfCFTA and Getting Globalization Right: Poverty, Inequality, and Trade [Presentation]

    8. Rules of origin, arbitration, and the effect of exchange rates on the utilization of AfCFTA; [Presentation]

    9. Market Panel: Tanzania, Congo, Togo, Uganda [Panel Discussion]

    10. INDUSTRY TOUR

     

    Join PACCI for this important event in-person or virtually. 

    Goal: Learn from practitioners and experts who are up-to-date on all the information exporters and importers need to know about AfCFTA.

     

    Who Should Attend: Executives at exporters, importers and investors – CEOs, COOs, CFOs, EVPs, business, sales, marketing.

     – – – – – – – 

    In-person location: African Union Headquarter - Addis Ababa

     

    ABOUT THE AfCFTA

    AfCFTA is a new trade agreement between African countries.

    It makes it easier to export goods and services, benefitting people and businesses in Africa.

    On 21 March 2018 African heads of state and government officials met in Kigali, Rwanda, to sign the framework to establish this initiative of the African Union.

    National parliaments in African countries will then need to approve AfCFTA before it can take full effect.

    It will only enter into force fully and definitively, however, when (twenty-two) 22 AU Member
    States have ratified the Agreement.

    The deal will bring benefits for people and businesses across Africa. It will help to generate growth and jobs by:

    • Boosting exports;
    • Lowering the cost of the inputs businesses need to make their products;
    • Offering greater choice for consumers, and
    • Upholding African standards for products.

     

    WHAT WILL AfCFTA DO?

    AfCFTA offers new opportunities for African businesses of all sizes to export across the continent. Following ratification AfCFTA removes duties on 90% of products (tariff lines) that the African countries trade with other African countries.

    The agreement will especially benefit smaller companies who can least afford the cost of the red tape involved in exporting to other African countries. Small businesses will save time and money, for example, by avoiding duplicative product testing requirements, lengthy customs procedures and costly legal fees. Member States' authorities dealing with export promotion and chambers of commerce stand ready to help businesses to start exporting in Africa, boost existing trade, and attract investment.

    The agreement also offers better legal certainty in the service economy, greater mobility for company employees, and a framework to enable the mutual recognition of professional qualifications, from architects to crane operators.

     

    PROCEDURE AND NEXT STEPS

    AfCFTA will be fully implemented once 22 Member States ratify the deal according to their respective constitutional requirements. At the time AfCFTA will take full effect, a new Dispute Resolution System will be put in place.

     

    THE BENEFITS OF AfCFTA

    • Helping to generate growth and jobs
    • Creating a level playing field for African companies, big and small
    • Lowering prices and widening choice for Africa's consumers
    • Cutting customs duties for exporters and importers
    • Cutting other costs for African businesses
    • Making it easier for African firms to sell services across Africa
    • Helping Africa’s rural communities market distinctive food and drinks
    • Protecting Africa's innovators and artists
    • Recognizing each other's professional qualifications
    • Protecting people's rights at work, and the environment.

     

    The Workshop is Happening Now!

     

     

     

     

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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.

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