EU-African trade gets new opportunities

The Ukraine war will also lead to a reorganisation of supply chains in the mechanical and plant engineering sector, strengthening closer economic ties between Europe and Africa. VDMA, Europes’s most important Mechanical Engineering Industry Association has established training centres in Botswana, Nigeria and Kenya, where prospective skilled workers are trained on modern machinery and equipment as part of the initiative “Skilled Workers For Africa”. “After the Ukraine war, many companies from the mechanical and plant engineering sector will try to […]

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The Sustainable Energy Fund for Africa reports record number of transactions in 2020, secures $90 million in new funding

The Sustainable Energy Fund for Africa (SEFA) approved seven high-impact projects worth $54 million in 2020, its best year in spite of challenging Covid-19 conditions, according to its recently released 2020 Annual Report. SEFA, managed by the African Development Bank, focuses on green baseload, green mini-grid, and energy efficiency investments. The Fund, founded in 2011, transformed into a Special Fund on 31 October 2019. The report, titled Building Foundations for Success, also details the Fund’s success in attracting increased donor […]

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