Trending
- Integration vital in unlocking Africa’s $180Bn digital trade economy
- Tanzanian Prof Janabi nominated to steer WHO Africa Region office
- The anatomy of Italy-backed Mattei Plan to speed up Africa’s growth
- Global energy chiefs demand rapid shift in Africa’s resource strategy
- Why infrastructure, investment, and local talent is key to Africa’s LNG sector growth
- Amnesty lifts the veil on human trafficking, abuse of Kenyan maids in Saudi Arabia
- Kenya’s wealthy pivot to food, tech, and homegrown ventures amid global uncertainty
- Cassava Technologies and Zindi strike deal to scale AI innovation in Africa
Opinion
- Now is the time for Namibia’s leadership to show it respects the billions of dollars companies spend on oil and gas production.
- One of the most practical ways for Namibia to do that is to update its petroleum contracts: They need language that protects oil and gas companies’ investments.
- Namibia’s contracts should include what’s known as a fiscal stability clause, which would clearly state that if Namibia were to make legislative or regulatory changes—such as new tax requirements—the energy companies signing the contract would be protected from negative economic impacts.
The world is watching Namibia. To be more specific, the energy world is watching. This was evident at the recently concluded Namibian Internation Energy Conference. Ever since oil and gas majors, Rhino Resources, Galp Energia, Shell and TotalEnergies announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin, interest in additional exploration in the Southern African country has been intense.
And …
- Alignment with Trump’s energy-first ethos would mean that Africa could unlock significant funding for wide-ranging fossil fuel projects, and not just the offshore oil and gas ventures that dominate the headlines.
- The continent should capitalize on all opportunities in onshore projects, wildcat wells (exploratory drilling in unproven areas), and the proliferation of numerous small operators.
- These avenues lead the way to diversity in Africa’s energy portfolio, job creation, and massively strengthened energy security.
Donald Trump’s return to the White House in 2025 represents a pivotal moment for Africa’s fossil fuel industry. His administration’s swift reapproval of a US$4.7 billion loan from the U.S. Export-Import Bank (Exim) for TotalEnergies’ liquefied natural gas (LNG) project in Mozambique — initially greenlit in 2020 during his first term but sent into deep-freeze for the full duration of the Biden years — sets the tone for what could be a transformative era for Africa’s energy …
- Africa will eventually rely primarily on renewable energy, as much of the rest of the world strives to — but on its own timetable.
- To achieve a carbon neutral future, African nations must have the underlying infrastructure and industry to make the dominance of renewables possible.
- But as things currently stand, most African states lack said infrastructure and industry.
There’s a promising future for African renewables as the continent strives to balance its current reliance on fossil fuels. That’s the prediction of the African Energy Chamber’s 2025 Outlook Report on the State of African Energy.
As I have said before, Africa will eventually rely primarily on renewable energy, as much of the rest of the world strives to — but on its own timetable, not that of Western countries who have benefited for centuries from the exploitation of fossil fuels.
To achieve a carbon neutral future, African nations must have …
- A single window system allows parties involved in trade and transport to lodge standardized information and documents with a single entry point to fulfill their needs.
- It centralizes all information and procedures related to the import, export, and transit of goods in a country.
- The single windows concept is transferable to various typologies, from Maritime Single to Port Community systems, Trade Single Window, and National Single Window applications.
Trade in Africa has become a widely discussed topic, plagued by infrastructural, innovation, and technical challenges. These issues have hindered the process, affecting economic growth, impeding intra-country business, and slowing the development of regional economic corridors.
It is evident that a sustainable trade environment is essential to enhance trade, which currently lags behind international standards.
The African Continental Free Trade Area (AfCFTA) came into effect in May 2019, holding the promise of transformation for the continent. It aims to foster and …
- Behind every discovery in the African energy industry, final investment decision (FID), and first oil announcement in our continent are companies of all sizes.
- Collectively, these companies are validating the long-held assertion by the Africa Energy Chamber (AEC) that the African continent represents the next frontier for energy exploration and production.
- Where international corporate divestment from Africa’s oil industry is occurring, smaller players are taking up the slack.
Behind every discovery, final investment decision (FID), and first oil announcement in our continent are companies of all sizes, advancing our energy industry and bringing Africans closer to realizing the energy security and prosperity their petroleum resources represent.
Collectively, these companies are validating the long-held assertion by the Africa Energy Chamber (AEC) that the African continent represents the next frontier for energy exploration and production.
Despite concerns over corporate divestment from the African oil and gas sector in recent years — moves …
- As AfCFTA becomes a part of the daily business environment, governments and businesses need to know how product standards and regulations protect traders and the society.
- Governments need to create an enabling environment for investors, which becomes more attractive to foreign direct investment if harmonization of standards exists.
- Other trading blocs such as the European Union are strong because they collaborate on standards and compliance regulations.
The African continent presents huge potential for growth, and the recently introduced African Continental Free Trade Area (AfCFTA) agreement promises to underpin trade facilitation and economic expansion, becoming the largest free trade area since the formation of the World Trade Organization in 1995.
The longest journey starts with a single step. Governments, public bodies, private institutions, and investors are engaging in conversations with a pointed focus on compliance standards, verification of conformities, and regulatory alignment to encourage safe import and export.
Africa’s current population …
Yield-chasing investors have poured money into Africa, but an emerging, recent challenge for the continent is that in a now higher interest rate environment, investors don’t need to come to Africa to find higher returns.
Even US treasuries are now yielding far more attractive yields than just a month ago: three-month government bonds offer 5.32 per cent, while 2-year bonds offer a yield above five per cent. Yields have risen in part in response to Fitch’s recent downgrade of the US from AAA to AA+, echoing S&P’s move in 2011.
African bond issuers, spooked by the high-interest rate environment and refusing to issue bonds above the psychological barrier of double-digit yields for Sub-Saharan African bonds, continue to wait it out on the sidelines.…
South Africa’s poultry sector is currently undergoing serious challenges. The ongoing load shedding and power disruptions have put tremendous pressure and additional costs on the industry, which makes producing poultry products extremely expensive. One company (Astral Foods) has spent an additional $47.56 million (R919 million) due to load shedding alone. This has had a significant impact on the profitability and sustainability of the company. To make matters worse – South Africa’s poultry sector has been hit with a significant avian influenza epidemic.…
- Contrary to the general belief that Nigeria is the giant of Africa, incessant violence and armed conflicts have drastically reduced the influence of Nigeria on the continent.
- Despite its huge resources, Nigeria still suffers from poverty, inequality, unemployment, insecurity, corruption, high fuel and commodity prices, and other political and economic hardships.
- The biggest threats to Nigeria’s stability include bad governance, electoral mal-practices, corruption, economic hardship, inflation, terrorism, kidnapping, and ethnic divisions.
It is one of Africa’s behemoths. A country with vast resources and immense complexities. Boasting the largest economy of all states in Africa, Nigeria has long been considered one of the jewels in the crown of this continent. But, the country’s future and that of its more than 210 million people is looking bleak, which holds only dire consequences for the Economic Community of West African States (ECOWAS).
Nigeria’s high rate of inflation
“Current daily developments in political, economic, …
