Case studies from Benin, Cameroon, Ghana and the Republic of Congo underline importance of regional integration to intra-Africa trade in wood products

Regional economic integration can boost trade in wood products among African countries, according to the findings of a new report produced by the African Natural Resources Centre of the African Development Bank. The report, Intra-African Trade in Wood Products – Case studies from Benin, Cameroon, Ghana and the Republic of Congo, published on 19 May, explores the role that forest value chains can play in advancing Africa’s development objectives. The continent’s significant forest resources are under-utilized, the report notes. Also, despite […]

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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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Africa’s potential in the blue economy highlighted in the World Water Congress

Thirty-eight countries in the African continent are bordered by the ocean or the sea, but for 70% of them, their maritime exclusive economic zones are largely under-exploited. The maritime zones under African jurisdiction cover some 13 Million km2 and some 6.5 km2 of continental shelf. In a video(link is external) broadcast on 1 June last during the Digital World Water Congress organized by the International Water Association (IWA), the President of the African Development Bank, Dr Akinwumi A. Adesina, extolled the […]

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German Chancellor Merkel Africa Envoy to drive green hydrogen, Energy Transition at African Energy Week 2021 in Cape Town

The African Energy Chamber (www.EnergyChamber.org) is proud to announce that H.E. Gϋnter Nooke, personal representative of the German Chancellor for Africa, will be attending and participating at African Energy Week (AEW) 2021. Representing a prominent figure in Germany-Africa relations, Nooke’s attendance is expected to drive a discussion around Africa’s green hydrogen potential and emerging projects, the move towards a continent-wide energy transition and the value of international energy partnerships.   According to a Focus on Hydrogen report by Clifford Chance, […]

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Senegal Commits to African Energy Week 2021

photo Senegal7

Confirmed attendance by the Ministry of Petroleum and Energy, Petrosen and COS-Petrogaz reaffirm regional cooperation and partnerships A strong delegation of industry leaders from Senegal have committed to the African Energy Chamber’s (AEC) (www.EnergyChamber.org) first-ever African Energy Week (AEW) 2021, to be held in Cape Town on the 9th-12th November 2021. With official attendance confirmations made by H.E. Aissatou Sophie Gladima, Minister of Petroleum and Energy, Senegal’s national oil company, Petrosen, and the strategic organizational committee COS-Petrogaz, AEW 2021 is […]

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The Automotive opportunities presented by the African Continental Free Trade Area (AfCFTA)

On 17 June, the African Association of Automotive Manufacturers (AAAM) and the African Continental Free Trade Area (AfCFTA) Secretariat are hosting a webinar to explore how the AfCFTA is helping to shape the automotive policies for Africa which, in turn, drives industrialisation. Also to be discussed during the free virtual event is why the Rules of Origin are key in driving investment and confidence in Africa. “We believe that all automotive industry role players, including policy advisors, business leaders and […]

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Bank of Central African States and the African Energy Chamber to work together on solution for FOREX regulation for energy industry

The meeting was in response to concerns by energy companies operating in the Central African Economic and Monetary Community (CEMAC) region The African Energy Chamber (AEC) (www.EnergyChamber.org), on Monday 17 May held a meeting with the Central Bank of Central African States (BEAC) to discuss the effects of BEAC’s in December 2018 adopted FX regulations, which are due to come into effect on the 1 January 2022. The meeting was in response to concerns by energy companies operating in the […]

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Hamburg’s German African Energy Forum to jumpstart Africa’s Economic Transformation

The 14th German African Energy Forum is set to provide key market insights, trends and opportunities over the next decade The African energy sector continues to solidify partnerships with German investors and technology with the aim of leading energy businesses from Germany, Europe and across the African continent. From upstream to downstream, Africa’s energy sector must accelerate its transition to net-zero, continue to adopt new technologies and start to embrace digitization and decentralization over the next decade. The 14th German […]

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