In Short : Solar mini-grids are providing a beacon of hope for rural communities in Africa, offering clean and reliable power where traditional grid infrastructure is lacking. These decentralized energy systems harness solar energy to provide electricity to remote areas, enabling access to vital services such as healthcare, education, and communications. By fostering local economic […]
India, Africa can double trade to $200 billion: Piyush Goyal – EQ Mag
New Delhi : Bilateral trade of India with Africa grew by 9.26 per cent in 2022-23, reaching almost $100 billion, Commerce Minister Piyush Goyal said while addressing the CII-EXIM Bank conclave on “India-Africa Partnership”. Goyal expressed confidence in achieving the goal of doubling bilateral trade to $200 billion by 2030. “Blessed with demographic dividend, India-Africa […]
50 more R105bn Hive Hydrogen projects still not enough if demand projections continue, says GM – EQ Mag
JOHANNESBURG : The R105-billion investment pledge by Hive Hydrogen at President Cyril Ramaphosa’s fifth South Africa Investment Conference was the biggest by far, resulting in Engineering News & Mining Weekly pursuing more information on it, only to find that the initial R105-billion is only Phase 1. Remarkably, even 50 more R105-billion Hive Hydrogen projects would […]
German companies plan to invest more in Africa in 2023 – EQ Mag
BERLIN : German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed. The poll of members of the German-African Business Association also showed that a further […]
AFRICA CLEAN ENERGY INVESTMENT SEES NO POST-PANDEMIC REBOUND
New capital deployed for wind, solar, geothermal and other renewable power projects in Africa slips to an 11-year low, finds BloombergNEF Sharm el-Sheikh : As leaders gather in Egypt for the latest round of UN climate talks with the energy transition and economic development very much on the agenda, new research from BloombergNEF (BNEF) finds […]
Anchor Investments Announced to Launch $2 Billion Fund for Locally-Led Restoration in Africa
SouthBridge Investments and the Arab Bank for Economic Development in Africa (BADEA) announced a $2 billion blended finance mechanism to support locally led African restoration The Bezos Earth Fund announced $50 million in aligned philanthropic support for restoration of two iconic landscapes, the Greater Rusizi Basin and the Great Rift Valley. This fund opens the […]
Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa – EQ Mag Pro
LAGOS : Romco Metals, which recycles scrap aluminium in Nigeria and Ghana, is planning to expand output by more than five times to 100,000 tonnes a year, its CEO said, and is working on a project to create green hydrogen to power its furnaces. Romco, a UK-based non-ferrous metals recycling firm, said it was in […]
Sungrow Launches the Comprehensive Solar plus Storage Solutions for Africa during the Solar Show Africa, 2022 – EQ Mag Pro
Sungrow, the global leading inverter and energy storage system supplier for renewables, rolls out its comprehensive Solar plus Storage solutions for Africa Market during the Solar Show Africa, 2022, which brings the latest innovations to the forefront, and reconfirms its dedication to navigating South Africa’s energy transition with renewables. Placing South Africa as a strategically […]
ReNew Power eyes green hydrogen projects in Africa – EQ Mag Pro
ReNew has announced a slew of initiatives to diversify its renewable energy business, including green hydrogen and energy storage NEW DELHI : NASDAQ-listed ReNew Power Ltd is looking to foray into Africa by developing green hydrogen projects in Egypt and Morocco, said two people in the know. It also has plans for Oman. ReNew has […]
Piyush Goyal calls for exploring solar energy, startup ecosystem to boost ties with Africa – EQ Mag Pro
Goyal said the Department for Promotion of Industry and Internal Trade will be delighted to engage with friends from Africa. Solar energy, infrastructure, military cooperation and startup ecosystem are four critical areas where India can be a valuable partner to African nations, Commerce and Industry Piyush Goyal said on Tuesday. The trade between India and […]
