Browsing: Indonesia

• Tanzania is increasingly embracing geothermal sources for green energy.
• The country is partnering with Indonesia, Japan for geothermal development.
• At least five geothermal power sites are under exploration in Tanzania.

Geothermal power has the potential to revolutionize Tanzania’s energy industry as the country pushes it’s green energy initiative forward. Most recently, Tanzania invited foreign investors into geothermal power exploration and development at the International Renewable Energy Agency (IRENA) General Meeting.

The forum of the Global Geothermal Alliance brought together key sector stakeholders and Tanzania seized the opportunity to highlight its geothermal potential.

“The geothermal resources of the country are found in two branches of the East African Rift Valley known as the geothermal hot zone,” Dr. Hatibu Kazungu, Tanzania’s Energy deputy permanent secretary informed the delegates.

He said so far, surveys conducted have identified around 50 promising sites across 16 regions in the country. He listed five sites where exploration …

• DRC, Indonesia, Chile in talks to form ‘critical minerals OPEC’.
• DRC cobalt export ban rises prices significantly.
• DRC to leverage its dominant market position through ban.

The DRC move to ban cobalt exports has not only sparked price increase of the critical mineral market, but, it has also set off talks of the set up of a ‘critical minerals OPEC.’ Reports show that the DRC, Indonesia, and Chile are key players in the global critical minerals landscape.

DownToEarth, a resource review agency notes in a recent report Critical minerals, development and agency: Are resource-rich countries in control of their mineral wealth? that other critical minerals that may fall under the control of the tripartite include lithium, nickel, cobalt, copper, and rare earth elements.

“These minerals are essential for the transition to clean energy technologies, including electric vehicles, renewable energy, and energy storage,” it stated in part.

Global demand for …

• Second Indonesia-Africa Forum (IAF) underway in Bali, Indonesia, almost clashing with the Forum on China–Africa Cooperation.
• Zanzibar President Mwinyi woos Indonesia investors to Zanzibar as he eyes a pie of the $3.5Bn in investment deals.
• The forum has, however, attracted far fewer participants from Africa compared to the 2018 meeting.

The Africa-Indonesia Investment Forum 2024 which is currently underway in Bali, Indonesia, is expected to generate a whopping $3.5 billion worth of investments. In attendance is the Zanzibar President and Chairman of the Revolutionary Council, Dr Hussein Mwinyi. President Mwinyi is representing the Tanzanian Union President Dr Samia Suluhu Hassan and is in the company of several other African Heads of State.

Present at this Second Indonesia-Africa Forum (IAF), include presidents from Zimbabwe, Rwanda, Ghana and Liberia among others. This High-Level Forum on Multi-Stakeholder Partnerships (HLF MSP) is been held concurrently with the IAF and has attracted well over 855 …

• Mozambique’s Green Energy Transition Strategy (ETS) to drastically reduce its dependence on fossil fuels.
• As a nation with one of the world’s lowest electricity consumption rates, Mozambique is poised to leapfrog into a new era of energy sufficiency and independence.
• Mozambique’s success or failure of this venture could offer valuable lessons for other countries grappling with the complexities of sustainable development and climate-aligned economic growth.

Mozambique’s green energy move

Mozambique has embarked on an $80 billion Energy Transition Strategy (ETS) to drastically reduce its dependence on fossil fuels. This bold initiative, set to be unveiled by President Filipe Nyusi at the COP28 international climate summit in Dubai, represents a significant pivot towards sustainable development and positions Mozambique at the forefront of the global green energy transition.

At the heart of Mozambique’s strategy is integrating 2,000 megawatts of hydropower capacity by 2030, which aims to address the country’s energy poverty and …

Describing the signing of the five memorandums of understanding, Dawood Al Shezawi, Chairman of the Organizing Committee of the Annual Investment Meeting, stated that the MOUs come in the context of the ongoing efforts made by the Annual Investment Meeting to implement that strategic plan into real-world results that will encourage direct and indirect investment and drive sustainable development.

The Annual Investment Meeting (AIM) is an initiative of the AIM Foundation, an independent international organization fully committed to empowering the world’s economy by boosting effective promotion strategies and facilitating opportunities for economic productivity and expansion.

The Foundation also undertakes the operation and management of the AIM Global Investment Network and its 15 affiliated Business Groups, including the supervision of the Annual Investment Meeting Global and Regional Chapters.…

The processing factory set up by Indesso may propel Tanzania to become the largest clove oil producer in Africa.

Aloyce Elia Kibiriti, the Chairman of the Msasa IBC village, said that representatives from Indesso camped in the area and chose their village to construct the proposed clove leaves-to-oil producing factory significantly for export to Indonesia.

Chairman Kibiriti added that they had already secured land for the project, saying it would create employment for the farmers who lost their farms after creating the Derema Conservation Corridor.…