Browsing: Germany

Mozambique gets grant to advance its renewable energy resources. www.theexchange.africa

The support for the 2023-2028 period takes into account that Mozambique is indicated as at the same time one of the countries most vulnerable to climate change and one of the least developed.

Despite the riches of its subsoil, the initiative foresees studies for the production of green hydrogen in Mozambique, and the Belgian Development Agency will supply solar panels to remote areas without connection to the electricity grid.

The supply of potable water and irrigation solutions based on solar energy is also being planned, the statement adds.

Belgium will also support the implementation of a national programme for sustainable waste management, which includes the construction of recycling facilities in Nacala and Nampula, with additional support from the NAMA Facility, a multi-donor fund.…

In June, Zawya Projects announced that Namibia had received 25 submissions for pilot projects, from which it plans to select no more than five.

The four projects – the Daures, Namport, Cleanergy, and TransNamib projects – have a combined value of over N$890 million (53,39 million euros), and some of the funds will be sourced by the initiators of the projects. The four projects will be located in the Erongo region, which has been marked as ‘valley 1’ of the envisaged national hydrogen ecosystem.…

Most African natural gas and oil sources lie in sub-Saharan Africa, including Nigeria, which possesses around one-third of the continent’s reserves, and Tanzania, opportunities Germany should seize.

The proposed Trans-Saharan pipeline would transport gas from Nigeria to Algeria via Niger, traversing a vast, ungoverned area. The proposed pipeline, if built, will connect to the current Galsi, Medgaz, Maghreb-Europe, and Trans-Mediterranean pipelines, which supply Europe from transmission centres on Algeria’s Mediterranean coast.

The Trans-Saharan pipeline would be almost 2,500 miles long. It could send up to 30 billion cubic meters of Nigerian gas to Europe yearly, roughly two-thirds of Germany’s Russian imports in 2021. Unfortunately, the Trans-Saharan pipeline will likely take a decade or more to complete and will face several hurdles as it passes through war and insurgency-ridden areas.…

According to Deutschland, German companies long concentrated only on South Africa, but this is changing. Over the past eight years, the Association of German Chambers of Commerce and Industry (DIHK) has opened not less than five new branch offices. Apart from South Africa, top investment destinations include Nigeria, Ghana, Angola, Tanzania, and Mozambique.

Alongside their primary business, German companies are also involved in numerous initiatives to support the African economy and combat poverty. Germany's Mechanical Engineering Industry Association (VDMA) has founded the "Skilled Workers for Africa" initiative in Botswana, Kenya, and Nigeria. Germany's successful dual vocational training model serves as an example in Africa. At the same time, Germans benefit from collaboration with local partners, who enable them to access new markets. Local shareholders are essential in some countries.

To strengthen their cross-continental network and promote a value and interest-based exchange, Konrad-Adenauer-Stiftung (KAS) and the Hanns-Seidel-Stiftung (HSS) supported by the…

Africa trade and investment cooperation,

To drive Africa’s development, available workforce, access to markets and transport, investment and business climate, energy and technological infrastructure have been cited as key factors set to boost the continent.

Africa trade and investment cooperation,

This statement was said by Günter Nooke, the Africa Envoy to German Chancellor Angela Merkel during the “Investment and Trade for Africa’s Economic Development” public webinar co-hosted by the Germany-Africa Business Forum (GABF), Africa Oil & Power and the African Energy Chamber.

The German-African cooperation-focused webinar aims to show opportunities for sustainable Foreign Direct Investment (FDI) between Germany and Africa.

Also Read: Uganda’s trade deficit and exports in 2020

It is the second instalment of the German-African cooperation-focused webinar series which are under the theme of investment and trade for African economic development.

The panel comprised of NJ Ayuk, Executive Chairman of the African Energy Chamber, and Rene Awambeng, …

Germany was the first country to recognize Kenya after independence in 1963 creating deep diplomatic relations between the two countries. Since then, the two countries have a retained a warm and cordial tradition of close partnership and relations between them.

Kenya, the East African economic hub has maintained a diplomatic mission in Germany since 1964. The embassy was initially in Bonn, West Germany and later moved to Berlin after Germany’s unification.

Fourth largest source of tourists

There are several thousand Kenyans living permanently in Germany while a number of Germans enjoy Kenya’s hospitality with many of them living in the country especially along the coast.

This is the second visit by a German president after the first by President Heinrich Lauda of then West Germany in 1966. The other high profile visit was by German Chancellor Angela Merkel where she met former President Mwai Kibaki and Prime Minister Raila Odinga

Egypt is Germany’s third-largest trade partner in the Middle East, with a trade exchange worth $3.6 billion.

According to a report by the Ministry of Trade and Industry, trade between the two countries increased by $43 million during the first nine months of 2019 to $3.622 billion, compared to about $3.579 billion recorded during the same period in 2018.

In 2017, the trade exchange between Egypt and Germany reached its highest level at 5.8 billion euros.

Germany’s total investment in Egypt currently stands at about $7.4 billion across various fields, including construction, industry, tourism, the service sector, agriculture, and information and technology.

In German investment guarantees, Egypt also ranks among the top ten recipients with 18 guarantees worth 1.4 billion euros.

During Mostafa Madbouly, Egyp’st Prime Minister visit to Germany last June, he signed a memorandum of understanding with Bosch to build a factory in an area of 120,000 square …