Local content and market-driven policies set to shape energy investments in Senegal as African Energy Chamber concludes working visit in Dakar
February 18, 2020 | 0 Comments
The African Energy Chamber’s delegation advocated for local content as a pillar of the industry’s sustainability efforts
DAKAR, Senegal, February 18, 2020/ — As Senegal’s first oil and gas projects are under-development and first production is expected within two years, the African Energy Chamber (www.EnergyChamber.org) conducted this week a working visit in Dakar to promote investment into the country and support local content development and capacity building.
Led by Executive Chairman NJ Ayuk, the African Energy Chamber’s delegation advocated for local content as a pillar of the industry’s sustainability efforts and offered all its support to continue pushing and financing Senegal’s initiatives to build capacity and build a new generation of Senegalese oil & gas workers and managers. “Oil companies have an unmatched ability, and a profound responsibility, to support H.E. Macky Sall’s bold vision in shaping an economy that works for all Senegalese and preserves their freedoms,” said NJ Ayuk.
The team met with H.E. Macky Sall, President of the Republic of Senegal; H.E. Mouhamadou Makhtar Cissé, Minister of Petroleum and Energies, Ousmane Ndiaye, Permanent Secretary of COS-Petrogaz; Aguibou Ba, Director General of the National Institute for Petroleum and Gaz (INPG) and the majority of the oil and gas operators and service companies.
“Moving closer and closer to becoming a large-scale producer of oil and gas, Senegal’s story is an inspiring one. And, as a hotspot for oil and gas development, it is only fitting that the nation cements market-driven local content frameworks that are rooted in capacity building and are driven by the determination to transform practices in its energy sector,” declaired Nj Ayuk. “That is why initiatives such as the INPG are important in ensuring that industry revenue benefits the state while also guaranteeing employment for citizens. The INPG is a true social contract bringing the private and public sector together to plan for a prosperous future for Senegal,” he added.
The Chamber’s working visit coincided with that of US Secretary of State Mike Pompeo, during which state-owned SENELEC and GE signed an agreement for the development of 300MW of gas-to-power capacity, the modernization of Senegal’s power plants and the creation of a maintenance centre in Senegal. In line with the US’ interests to increase cooperation with Africa, the Chamber reiterated the industry’s call for continued improvements in the ease of doing business and better operating environments for foreign investors.
“President Trump dispatching Secretary of State Pompeo and US companies to Senegal is a brilliant move. US companies understand that investing in Senegal is good business and a sustainable corporate strategy. President Macky Sall’s government has built on positive trends to maximize foreign investments. This includes a commitment to transparency, improving safety and security, strengthening the macroeconomic environment, investing in quality education and skill development in science, technology and innovation, and avoiding the Dutch disease,” added Ayuk.
Last year, the African Energy Chamber and Centurion Law Group hosted a local content forum in Senegal, calling attention to local content development in the country. The ongoing visit serves as a follow up and a showcase of the Chamber’s continued commitment to the growth and development of African economies through ensuring that Africa’s natural resources benefit Africa’s people first.
“Senegal’s emergence as a key player in the oil and gas industry has been remarkable and, as this growth continues to surge, it is important that local communities have a seat at the table, It is also important that we continue to create an enabling environment investors and the oil sector. Cutting unnecessary red tape and fast-tracking project approvals will give the energy operators a boost,” said NJ Ayuk. “This, however, is a goal that is achievable only through the collaboration of the private and public sector. Local content is value creation and it is pertinent that Senegal put in place policies and frameworks that will see the its people benefit from its hydrocarbon industry,” he added.
Last month, Woodside Energy got the green light for its $4.2bn Sangomar oil project, Senegal’s first offshore oil venture where first production is expected in 2023, with a capacity to reach 100,000 bopd. The Phase 1 development concept for the Sangomar field is a stand-alone FPSO facility with subsea infrastructure. Meanwhile, works are ongoing at the Greater Tortue Ahmeyim FLNG project, whose phase 1 will see the commissioning of a 2.5 mtpa facility by 2022. This month, Kosmos Energy, BP, Petrosen and SMHPM signed an agreement with BP Gas Marketing for the supply of 2.45 mtpa of LNG over 20 years.
The MSGBC Basin has become sub-Saharan Africa’s hottest exploration frontier. Senegal is currently holding a licensing round to further attract investment into its acreages and boost existing reserves. The round is expected to generate tremendous interest from foreign investors and further confirm Senegal as a new African energy leader.
The African Energy Chamber (www.EnergyChamber.org) works with indigenous companies throughout the continent in optimizing their reach and networks. Our partnerships with international dignitaries, executives, and companies allow for relevant servicing to other international entities looking to operate within the continent.
The African Energy Chamber brings willing governments and credible businesses together to continuing growth of the African energy sector under international standard business practices.
*Source African Energy Chamber
Government of Democratic Republic of the Congo and General Electric Sign Infrastructure Agreement
February 13, 2020 | 0 Comments
|The 3-year MoU seeks to accelerate the economic and social development of the country|
KINSHASA, Democratic Republic of Congo, February 13, 2020/ — The Government of the Democratic Republic of the Congo (DRC) and General Electric (NYSE: GE) (www.GE.com) have announced signing of a Memorandum of Understanding (MoU) in infrastructure projects enabling the increase in the supply of electric energy and health modernization programs. The 3-year MoU seeks to accelerate the economic and social development of the country.
Under the MoU, GE will work with the government to explore power solutions that will increase electricity to the country’s grid to benefit thousands of households. GE will also work with the ministry of health for the modernization of the country’s health system at the primary, secondary and tertiary levels as well as the infrastructures and equipment for maternal and child health, cardiology, and oncology. The partnership will also focus on training and capacity building of local talent for the sustainability of the initiatives.
Speaking about the signing, GE Africa President and CEO Mr. Farid Fezoua said, “Partnership with governments and local companies form a very important part of GE’s growth in Africa, and we are honoured today to collaborate with the government of the DRC as a key strategic partner for the country’s long-term development agenda. This gives us the opportunity to deliver innovative solutions to meet the unmet demand for the millions of citizens without electricity and those without access to quality healthcare.”
GE is currently involved in the rehabilitation of Inga IIB power plant and of Nseke Power Plant in the DRC and has successfully implemented renovation projects with the 1st interventional Cardiology and CT Scanner with 128 systems installed at the HJ Hospital and new imaging center of Camp Kokolo. In the past, GE Healthcare also led the installation of the Scanner 16 slices at Panzi Hospital, giving thousands of citizens access to the latest diagnostic solutions.
GE first started operating in Sub-Saharan Africa over 120 years ago and in 2011 renewed its focus to meet Africa’s current and future needs. The company has signed MOUs with the Governments of several countries such as Nigeria, Kenya, Angola, Ghana and now the DRC to develop infrastructure projects, including sustainable energy solutions as well as improving access to quality healthcare. These MOUs involve significant investments in creating jobs and human capital development.
GE (www.GE.com) drives the world forward by tackling its biggest challenges: Energy, health, transportation—the essentials of modern life. By combining world class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers.
Young Africans benefit from $500,000 Scholarship funding under the Africa Industrial Internet Programme
February 13, 2020 | 0 Comments
Port Louis, Mauritius– 31 January 2020- General Electric (NYSE: GE) and the Africa Leadership University (ALU) have announced the kick-off of the 3rd cohort of the Africa Industrial Internet Programme (AIIP) which is aimed at equipping young Africans with skills that will enable them to take part in the fourth industrial revolution.
The 2020 cohort has enrolled 35 students from 8 countries across Africa, drawn from Oil & gas, transportation, power, energy, manufacturing, healthcare, telecoms and aviation industries. Over the last two years, the rigorous training programme has graduated 64 students, of which 50 were fully sponsored by GE from a scholarship fund totalling US Dollars 500,000.
GE will give 10 full scholarships for the current cohort.
Launched in 2018, the programme has empowered participants with essential skills for building applications for the Industrial Internet, which enables machine-to-machine communication that results in systems that can collect, analyze, and deliver data in real-time. These features provide significant benefits such as predicting when a device will require maintenance, enhancing logistics management, enhancing quality and optimizing safety.
The training takes place at a time when spending on the Internet of Things is predicted to reach a trillion US dollars by 202, with the total number of connected devices being projected to rise to 75.44 billion worldwide by 2025, a fivefold increase in ten years.
Commenting on the Programme, Farid Fezoua, President & CEO for GE Africa said, “As a digital industrial company, it’s exciting to see how over the last two years the AIIP has developed an ecosystem of digital engineers that utilise data science as an enabler for their work across industries, developing solutions for the most pressing challenges. Our partnership with ALU for the AIIP is a testament of our commitment to develop the next generation of leaders that will drive solutions made in Africa for Africa in this transformative digital age.”
The AIIP is designed using a project-based approach where participants get to apply their learning in real world contexts. The Programme includes regular assessments in each module culminating with a final project where participants are tasked with applying their learning to solve an existing problem either in their business or in a partner organization’s business operations. This is achieved through modules in machine learning and big data analytics, Industrial Internet of Things (IIoT) and Cloud-based Application Development. A unique aspect of the Programme is a deliberate focus on creating links to industry for participants by inviting industry experts to intensives to share case studies, projects of interest, trends and opportunities, through industry field visits and mentorship opportunities with data science professionals. “African Leadership Group is thrilled to be partnering with GE to build a new generation of digital leaders for Africa” said Fred Swaniker, Founder of African Leadership Group, which includes African Leadership Academy, African Leadership University, and ALX. “We share GE’s passion for data, and what it can bring to the African continent and the world. The Programme enables mid-career engineers to build new skills in data analytics, data science, data engineering and data visualization. By leveraging the power of data,
today’s engineers can significantly improve the performance of high-tech industrial machinery and processes, thereby increasing the bottom line for companies. The Africa Industrial Internet Programme is creating globally competitive, digital engineers right here in Africa, and we can’t wait to see their full impact on the continent”.
In 2019 five female candidates from Kenya, South Africa and Nigeria received the Jay Ireland Africa Rising Scholarship for women in tech in honor of GE Africa’s former CEO, Jay Ireland.
Speaking about her experience with the programme, Funmi Somoye a 2019 cohort graduate from Nigeria said, “More than Machine Learning and Data Science, I have learned more about myself, and what I am capable of doing. I can’t wait to change the world!
ALU is pioneering a fresh approach to higher education in the 21st century; offering accredited undergraduate, postgraduate and executive education Programme in a unique and imaginative way. By integrating students’ learning with the real world, empowering students to take ownership of their own learning, equipping each student to think entrepreneurially, and employing the most engaging and inspiring teaching methods, ALU is pioneering a new take on higher education and leadership development. www.alueducation.com
About GE GE drives the world forward by tackling its biggest challenges: Energy, health, transportation—the essentials of modern life. By combining world class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers.
From the students
Maureen Kibetu, 2019, Kenya (GE)
It is more than just coding and data science. It is practical in that we practice the skills we learnt by using real company data to draw insights. I learnt to see data as a story telling tool. I liked that the program also focused on professional development and I particularly enjoyed the conversations on leadership for the continent and ethics in the field of data science.
Gachanja Muigai 2019, Kenya (GE)
AIIP was a unique eye opener and highly beneficial program to me considering my Engineering Background. Through it I acquired formidable & versatile skills in the areas of Data Analytics, Machine Learning, Application Development and Artificial Intelligence. It is indeed rare to find a program that encompasses so many practical & digital skills & even harder when you add a dedicated, passionate Faculty. Finally my fellow students were a great addition to the program giving it a truly Pan African & Global outlook
Edward Opoku, 2018, Ghana
The AIIP is a unique, experience and dive into the world of data and analytics. It gives you an entire spectrum of what it takes to survive in the world of data science. through AIIP, I was able to meet passionate professionals and challenge our assumptions on the impact of data, and what it can bring to the continent and ultimately to the world.
Funmi Somoye, 2019, Nigeria
More than Machine Learning and Data Science, I have learned more about myself, and what I am capable of doing. I can’t wait to change the world!
Adeyinka Adeyemo, 2019, Nigeria
The AIIP is surely a programme of choice for aspiring data scientists or engineers. The modules are in-depth and well thought out and the focus on other professional development skills is also a plus for me.
Rose Funja, 2019, Tanzania
I like the linking of the theory to practice, every intensive meetup had professionals who advised us and shared interesting use cases.
Matlotlo Magasa, 2019, South Africa (GE)
Came in to the programme feeling like I was just a chemical engineer, worried about python programming and if I would be able to learn it. Now Python is not only a friendly coding language but I have the ability to get data from the plant and analyze this easily using data analytics and visualization, to use design thinking in approaching problems.
Chukwudum Chukwuedo, 2019,Nigeria
I just completed my business trip (enterprise digital competition) here in Houston, Texas and I am privileged that my software minimum viable product demonstration received full funding from the enterprise sponsors. The confidence gained from tackling ALU AIIP’s formative and summative assessments (to do hard things confidently) really came in handy and also key lessons from the leadership series especially working within teams and managing conflicts helped the team quickly go through the storming portions of team dynamics to the performing stage.
Sizwe Ncube, 2019, South Africa
I love the way the programme is structured; it encourages peer-to-peer learning and one gets equipped with new tech skills every day. The practicality of the course means you learn by doing. My biggest lesson from the program was to keep abreast of the constant changes in data science technology. All the techniques and skills we learned may become outdated in the near future, so we need to keep updated on new digital techniques. – Tobe Asem, Nigeria
- My biggest takeaway was the focus on ethics in the field of data science. That with all the power that comes with data, those planning to use it ought to consider ethical implications and biases in any application. – Maureen Kibetu, Kenya
- I learned that the world is changing daily at a high speed, so one needs to equip him/herself with the essential data to change Africa for the better and the use of data to solve real human problems is amazing. – Thula Vilakazi, South Africa
- What I loved most about the program was that it laid way for the interaction with a lot of tech-savvy and entrepreneurial minds from the industrial and telecoms space in Africa. Learning from their individual experiences and connecting with them on Africa industrial digital solutions standpoint was a high point for me. It was eye-opening to see that a lot of work is being done in Africa in the AI and ML space by both students on the program and the external facilitators of the program. What’s left now is to apply the skills I have learned now to the industry I work in to benefit Africa at large – Tobe Asem
Voith signs memorandum of understanding to build training center in Angola
February 11, 2020 | 0 Comments
- Agreement signed in the presence of Federal Chancellor Dr. Angela Merkel, the Angolan President João Manuel Gonçalves Lourenço and the Angolan Minister for Energy and Water João Baptista Borges
- Significant contribution to the training of skilled personnel for technical and commercial occupations in Angola
- Substantial hydropower potential in Angola still untapped
HEIDENHEIM, Germany. Within the framework of a delegation led by the German Chancellor, technology group Voith signed a memorandum of understanding in the Angolan capital Luanda on 7 February 2020 to build a training center in Angola. The memorandum of understanding was signed by João Baptista Borges, Angolan Minister for Energy and Water, and Dr. Toralf Haag, President and CEO of Voith, in the presence of Dr. Angela Merkel, the Chancellor of the Federal Republic of Germany. A business delegation accompanied the German Chancellor on her visit to South Africa and Angola for political discussions.
Ground-breaking collaboration to build up local expertise
Voith Hydro has had a presence in Africa since the 1930s. Since then, Voith Hydro has been a regular supplier of equipment to the hydropower industry on the African continent, not least through its successful realization of the two hydropower projects Cambambe I in 2012 and Cambambe II in 2017. With a view to stepping up its local commitment, the company intends to build a training center to provide training and professional development in the renewable energy sector of hydropower. The company will receive support in this venture from the Ministry for Energy and Water of the Republic of Angola (MINEA). The establishment of the Voith Academy and associated development of a training center are designed to provide basic and advanced training for skilled workers in Angola in technical and commercial occupations relevant to the hydropower industry.
In accordance with Voith’s long-established dual training approach, it intends to build a training center for the theoretical part of the training. For the practical training component Voith plans to work with the trainees to build a small hydropower plant in the Cuemba region. Voith will consult with MINEA in 2020 to determine a suitable location for the training center. The envisaged total investment will be in the region of several million euros.
Substantial hydropower potential in Africa
Africa has a huge technically feasible hydropower potential, estimated to be more than 470 gigawatts (GW) for the entire continent. However, the current installed capacity in Africa is only around 36 GW, meaning that the continent has the world’s highest percentage of as yet untapped hydropower potential. This is why many countries are accelerating the construction of new plants to produce regenerative energy from water. In remote regions the focus is on small hydropower stations that help facilitate the rapid development of reliable decentralized power grids.
The declared objective of the Angolan government is an increase in electricity generation capacity from the current 5,700 MW to around 9,000 MW for years to come. In addition, the surplus energy expected to be produced is set to be offered to neighboring countries, which will boost Angola’s economic development. Projects like Cambambe II are milestones for the African country on the west coast of the continent as it moves towards a more diversified and stable energy supply for households and industry. Because until now, the existing electricity supply has only covered about 40 percent of the population. This means that more than 15 million people are having to live without electricity, despite the fact that Africa has a huge hydropower potential that has so far not been exhausted. This potential will now be used to expand the regional electricity supply in a sustainable, efficient and low-emission way.
About the Voith Group
The Voith Group is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, oil & gas, paper, raw materials and transport & automotive. Founded in 1867, the company today has more than 19,000 employees, sales of € 4.3 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.
The Group Division Voith Hydro is part of the Voith Group and a leading full-line supplier as well as trusted partner for equipping hydropower plants. Voith develops customized, long-term solutions and services for large and small hydro plants all over the world. Its portfolio of products and services covers the entire life cycle and all major components for large and small hydro plants, from generators, turbines, pumps and automation systems, right through to spare parts, maintenance and training services, and digital solutions for intelligent hydropower.
Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security
February 11, 2020 | 0 Comments
Trudeau called for cooperation among international partners and governments to create economic opportunity and prosperity that is broadly shared
ADDIS ABABA, Ethiopia, February 10, 2020/ — Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.
Trudeau, the 2020 chair of the United Nations Peacebuilding Commission, called for cooperation among international partners and governments to create economic opportunity and prosperity that is broadly shared, “…as a way not just of countering the pull of extremism in some places or the cynicism of populism, but as a way of building a real and tangible future for countries around the world.”
The breakfast meeting, which was held on the sidelines of the 33rd African Union Summit in Addis Ababa, was intended to strengthen the Commission’s partnership with the African Union (AU) and to better integrate African priorities in conflict prevention and bolstering economic security. Among issues discussed were the role that international financial institutions and youth job creation can play in Africa in averting extremism and conflict; and the AU leadership in peacekeeping and peacebuilding efforts.
The talks, titled Sustaining Peace and Economic Security, aligned with the Summit’s theme: Silencing the Guns: Creating Conducive Conditions for Africa’s Development.
Trudeau acknowledged that one of the biggest challenges both developed and developing countries face is the perception that governments are indifferent.
“In this time of change, in this time of transformation of the global economy, time of conflict, time of climate conflict, people worry that the system has no place for them and isn’t providing them with what they need,” the Canadian Prime Minister said.
Among participants were President Roch Marc Christian Kabore of Burkina Faso; the Vice President of Gambia, Isatou Touray; President of the United Nations General Assembly, Tijjani Muhammad-Bande, Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa, and the foreign ministers of Sierra Leone and Rwanda.
President Kabore offered his reflections on the issues. Burkina Faso is one of several nations in the Sahel region that have seen economic growth adversely affected by conflict and instability.
In opening remarks, African Development Bank President Akinwumi Adesina noted the shifting nature of conflicts across Africa. While the number of outright wars in Africa has declined substantially, they have been replaced with greater fluidity with rising cases of terrorism, extremism, conflicts from non-state actors.
The root causes of conflict, according to Adesina, include “rising inequalities, lack of political inclusiveness, extreme poverty, management and control over natural resources, youth unemployment that causes social unrest, climate change, to name a few.”
The Bank is at the forefront of helping to address fragility in Africa with several initiatives currently under way. So far, $3.8 billion has been allocated to address issues of fragility through the Transition State Support Facility.
Adesina recognized the role Canada plays in enabling the Bank’s work.
“The successful replenishment of the Bank’s African Development Fund 15 – to which Canada contributed substantially with $355 million – will allow the Bank to deploy an additional $1.2 billion to address fragility, strengthen resilience and sustain peace and economic security,” he said.
New US-Kenya trade agreement won’t undermine AfCTA, President Kenyatta assures
February 9, 2020 | 0 Comments
WASHINGTON DC, 6th February 2020, (PSCU)— President Uhuru Kenyatta has assured that a new bilateral trade deal between Kenya and the US won’t undermine the African Continental Free Trade Agreement (AfCFTA).
The Kenyan leader spoke shortly after a meeting with the United States President Donald Trump at the White House during which the two leaders agreed to commence talks leading to a trade pact between Kenya and the US.
President Kenyatta made the assurance when he addressed over 350 business leaders attending a US-Kenya Trade Forum in the US capital.
He said the proposed new trade arrangement with the United States of America would in no way undermine Kenya’s commitment to the African Continental Free Trade Agreement (AfCFTA).
At the White House meeting, Presidents Kenyatta and Trump said a new trade agreement would help increase volumes of trade and investment between Kenya and the US.
US Trade Representative Robert Lighthizer who spoke shortly after the meeting between Presidents Kenyatta and Trump said, America recognizes Kenya as a leader in Africa and an important strategic partner of the US.
He said a new trade agreement presents the two countries a rare opportunity to explore ways of deepening Kenya-US economic and commercial ties.
“Under President Trump’s leadership, we look forward to negotiating and concluding a comprehensive, high-standard agreement with Kenya that can serve as a model for additional agreements across Africa,” Amb Lighthizer said.
In line with the Bipartisan Congressional Trade Priorities and Accountability law of 2015, the Trade Representative will now officially notify Congress of the US government’s intention to start trade negotiations with Kenya.
Currently, trade between Kenya and the US stands at about USD 1billion a year with over 70 percent of Kenya’s export into the expansive American market in 2018, worth USD 466 million, entering under AGOA.
President Kenyatta told the Kenya-US forum that his administration is committed to developing and concluding the strongest ever trade and investment framework that would deliver increased trade between the two nations.
“Today I want to assure all of you of Kenya’s unwavering commitment in developing the strongest ever trade investment framework with the United States of America.
“We are very keenly looking forward to concluding the trade arrangement between our two countries and I believe that these trade agreements would not only serve Kenya and United States but would probably set the base for a new engagement between the United States and other African countries,”President Kenyatta said.
He dismissed speculation that Kenya is breaking away from its commitment to the African Continental Free Trade Agreement (AfCFTA) saying the new arrangement with the US is only aimed at bolstering and deepening trade not only with Kenya but also with other African countries.
“At this juncture I just want to put away a few doubts because there has been a feeling that by Kenya engaging with the US to have a trade arrangement, we are running away from our commitment to the African Continental Free Trade arrangement. And I want to assure you that there can be nothing further from the truth as that is definitely not the case,” President Kenyatta said.
The Kenyan Head of State pointed out that Kenya was among the first countries to sign and ratify the African Continental Free Trade Agreement (AfCFTA) and that its commitment to the agreement is steadfast.
He said Kenya needs to move faster and set the pace for other African countries in formulating new trade and investment arrangements with the US as the African Growth and Opportunity Act (AGOA) comes to an end in 2025.
“All we are saying is that there are some of us like Kenya who feels that we are ready. We are ready to move forward and what we are saying is, let the rest of the continent see us as pacesetters.
“Let them see us as the people who are clearing the field for future negotiations with the rest of the African continent because Kenya feels ready for this arrangement,” the President said.
He noted that even as Kenya and the US work to strengthen their trade and investment ties, there is need to preserve and build on mechanisms and regulatory frameworks that already exist.
“As you may be well aware, the African Growth and Opportunity Act (AGOA) has been a key mover for trade between Kenya and the USA. Through AGOA, the US is the third export destination for Kenyan products, with a share of about 8 percent of total Kenya’s export globally.
“Moving forward, we need to maximize the remaining years of the African Growth and Opportunity Act (AGOA) that ends in 2025,” President Kenyatta said noting that the US is an important source of Kenya’s foreign direct investments (FDI), with the country holding an FDI stock of over USD 405 million in 2018.
President Kenyatta challenged American businessmen to explore new investment opportunities in Kenya and assured them of an enabling business environment.
“We have a wide range of potential areas for investment and I urge US companies to consider investing in key sectors of the economy such as; Agriculture & Agro-processing, Manufacturing, Construction & Real Estate development, infrastructure development, ICT, Blue Economy, Energy, Hospitality & Tourism, Health, FinTech & Financial Services, Petroleum, Mining, among others,” the President outlined.
Executive Vice President and Head of International Affairs of the US Chamber of Commerce Myron Brilliant said the American business community is keenly following what President Kenyatta is doing in terms of improving trade between Kenya and the US and assured that the chamber will continue to support him by wooing more American investors to the country.
“We see your vision, we see your ambition, we understand what is happening in Kenya and we want to embrace it and support you,” Mr Brilliant assured the President.
President Kenyatta is accompanied by Cabinet Secretaries James Macharia (Transport), Adan Mohammed (East African Affairs) and CS designate for Trade Betty Maina among other senior government officials.
Credit: State House Kenya
Charting a course for sustainable hydropower development in Africa
February 6, 2020 | 0 Comments
6 February 2020, Abidjan, Côte d’Ivoire – Senior African government representatives and leaders from the energy sector, financial institutions and civil society gathered in Abidjan today to chart a course for the sustainable development of the continent’s hydropower resources.
Organised by the International Hydropower Association (IHA) and the African Development Bank (AfDB), the Africa High-level Sustainable Hydropower Roundtable looked at strategies for ensuring projects are developed in accordance with international good practice, while overcoming challenges to development and access to finance.
With close to 600 million Africans lacking access to electricity, speakers including Hon Fortune Chasi, Zimbabwe’s Minister of Energy, and Sabati Cissé, Côte d’Ivoire’s Director-General for Ministry of Petroleum, Energy and Renewable Energies, emphasised the social-economic and power system benefits of investing in hydroelectricity.
Africa’s existing hydropower plants deliver 36 gigawatts (GW) of installed generation capacity, but this represents only about 11 per cent of the region’s technical potential, according to IHA (Hydropower Status Report 2019).
“As a renewable energy source offering design options from run-of-river plants to pumped storage plants, hydropower in its different forms adds significant value to power systems and the reliability of energy supply,” said Wale Shonibare, the African Development Bank’s Acting Vice President for Power Energy, Climate Change and Green Growth.
Mr Shonibare said the AfDB is committed to supporting new hydropower projects through its New Deal on Energy for Africa and has already invested close to USD 1 billion for 1.4 GW of expected installed capacity over the past ten years.
“As the Bank’s emphasis on renewable energy sources is growing, so does its interest in hydropower. In order to achieve universal access to energy, it is not enough to bring online the amount of generation capacity required to cover energy demand, it is also essential to do this in a sustainable way that assures power system reliability,” he said.
In his intervention, Minister Chasi noted that Zimbabwe, where more than half the population does not have electricity access, needs international investment and technical assistance to develop renewable energy sources including hydropower. “We consider hydropower to be essential and critical for our generation of power,” he said.
Mr Cissé noted that Africa’s hydropower plants, through increasing electricity access, contribute significantly to poverty reduction and economic growth. “Africa has enormous hydropower potential, which we will need if we want to achieve national policy priorities and the Sustainable Development Goals.”
Eddie Rich, Chief Executive of IHA, said it was important to create an enabling policy and regulatory environment to incentivise new projects, while ensuring that both greenfield and rehabilitation projects are built and operated in accordance with internationally recognised guidelines and assessment tools.
“The Hydropower Sustainability Tools, governed by a multi-stakeholder coalition of social and environmental NGOs, governments, banks and industry, must be embedded in decision-making on project selection, planning, financing, development and operation. These tools define good and best practice and help to assess whether a hydropower project is truly sustainable across objective social, environmental and governance performance measures,” he said.
The Africa High-level Roundtable on Sustainable Hydropower Development was organised with support from AFD, the French development agency.
View the list of speakers: https://www.hydropower.org/events/africa-high-level-sustainable-hydropower-roundtable.
The International Hydropower Association (IHA) is a non-profit organisation working with a network of members and partners to advance sustainable hydropower. Its mission is to build and share knowledge on hydropower’s role in renewable energy systems, responsible freshwater management and climate change solutions. IHA is also the management body for the Hydropower Sustainability Tools and provides training and accreditation for independent project assessors.
Roadshow to Help Rwandan Businesses Tap Into AfCFTA
February 6, 2020 | 0 Comments
Afreximbank, PSF Will Showcase Opportunities from IATF2020 Participation
Kigali, 06 Feb. 2020 – The African Export-Import Bank (Afreximbank) has announced a roadshow in Kigali to show the Rwandan private sector how it can become a primary beneficiary of the African Continental Free Trade Area (AfCFTA) which will provide significant opportunities to access the largely untapped markets and sectors in an integrated African market of over 1.3 billion people.
Organised in collaboration with Rwanda’s Private Sector Federation (PSF) on 11 February 2020, the roadshow will seek to raise the awareness of the Rwandan private sector about the substantial benefits of attending the second Intra-African Trade Fair (IATF2020) which will take place in Kigali from 1 to 7 September 2020.
According to Afreximbank, Rwandan businesses can take advantage of the AfCFTA by establishing new networks of business buyers and sellers from across the African continent, enabling the country to significantly expand its intra-African trade.
Prof. Benedict Oramah, President of Afreximbank, said: “Rwanda’s economic transformation is undoubtedly one of Africa’s success stories. Rwandan businesses can further capitalise on this achievement by positioning themselves to take full advantage of the AfCFTA. Its removal of intra-African trade tariffs, progressive dismantling of non-tariff barriers and protectionism, will create a genuine single continental market. By attending IATF2020, they will gain an unrivalled opportunity to showcase their goods and services to buyers from across the African continent, whilst establishing new trade and investment links with a wide network of private and public sector players from more than 55 different countries.”
IATF2020 is expected to be Africa’s main trade event of 2020 and is aimed at providing a marketplace for buyers and sellers of products and services from Africa and beyond to meet and explore business opportunities. It will offer a platform for Business-to-Business and Business-to-Government exchanges, as well as business networking and development opportunities leading to the expected conclusion of trade and investment deals worth $40 billion.
The operational phase of the AfCFTA will commence on 1 July 2020.
Equatorial Guinea agrees on $2M Solidarity Contribution to support China’s Fight Against Coronavirus
February 5, 2020 | 0 Comments
|According to the latest updates, the coronavirus has killed almost 500 people worldwide, mostly Chinese citizens and infected over 24,000 people|
MALABO, Equatorial Guinea, February 5, 2020/ — Equatorial Guinea’s Council of Ministers has agreed to support China’s fight against the coronavirus with a $2 million solidarity contribution this week. Chaired by H.E. President Obiang Nguema Mbasogo, the Council of Ministers expressed its deepest support and solidarity to the Chinese Government in their fight against the global outbreak.
According to the latest updates, the coronavirus has killed almost 500 people worldwide, mostly Chinese citizens and infected over 24,000 people. The decision of Equatorial Guinea’s Council of Minister to financially support China’s fight against the virus reflects the deep and long-standing relationship between both countries, whose cooperation has only grown stronger in recent years.
“China has always been a very strong and loyal supporter of the Republic of Equatorial Guinea and this contribution is a demonstration that Equatorial Guinea stands in solidarity with China and its people as it fights a global outbreak that has already cost too many lives,” declared H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons. “Our ongoing Year of Investment Initiative will be a testimony to the depth of our cooperation and relationship with China. It is a pleasure for Equatorial Guinea to support its partner in times of need.”
China and Equatorial Guinea have been enjoying successful economic and technical cooperation for decades. China has supported the development of Equatorial Guinea through the construction of critical telecommunications and road infrastructure, along with supporting social infrastructure in the country. Equatorial Guinea has been a long-standing supporter of the Forum on China-Africa Cooperation (FOCAC). Last year, both countries agreed to further strengthen bilateral cooperation during a meeting between President Obiang Nguema Mbasogo and Chinese President Xi Jinping’s special representative Yang Jiechi.
*Africa Energy Chamber
Gambia China exchange ideas in Combating Coronavirus
February 4, 2020 | 0 Comments
By Bakary Ceesay
Ambassador Ma Jianchun exchanged views on jointly containing the novel coronavirus (2019-nCoV) with Hon. Mamadou Tangara
On 3 February 2020, Ambassador Ma Jianchun met with Hon. Mamadou Tangara, Minister of Foreign Affairs, International Cooperation and Gambians Abroad, and exchanged views on further strengthening bilateral cooperation in preventing and controlling the outbreak of pneumonia caused by the novel coronavirus, also known as the novel coronavirus (2019-nCoV).
Ambassador Ma briefed Hon. Tangara on the latest development of the epidemic and the measures taken by the Chinese side. He said that since the pneumonia outbreak, the Chinese government had taken the most comprehensive and rigorous prevention and control measures with a strong sense of responsibility for people’s health.
The safety and health of the Gambian nationals in China are of equal importance as the Chinese people, which has been well taken care of. As a responsible country for the international society, China has also taken many measures to prevent the outbreak from spreading abroad, many of which go way beyond the requirements of the WHO.
The declaration of the epidemic as a public health emergency of international concern (PHEIC) by WHO was a technical decision in accordance with the International Health Regulations and made within its responsibilities.
Ambassador Ma emphasized that as more medical resources being mobilized and transported to the epicenter of the outbreak, we are not far from winning the battle against the outbreak.
Hon. Tangara appreciated China for taking decisive and scientific measures in containing the pneumonia outbreak and ensuring safety of Gambian nationals in China especially those in the epicenter of the outbreak.
He said that the Gambian side has full confidence in China’s ability in winning the battle against the outbreak, and the Gambian people are always in solidarity with the friendly Chinese people.
He further pointed out that the Gambian side will continue to refrain from imposing unnecessary travel or trade restriction on the Chinese people.
Yale Leadership Forum Amplifies Influence of Next Generation of African Women Leaders
January 31, 2020 | 0 Comments
NEW HAVEN, USA, January 31, 2020,-/African Media Agency (AMA)/- Yale University, in partnership with Fundación Mujeres por África and Banco Santander, convened the Women’s Leadership Forum in Lagos, Nigeria, on January 17. The Lagos forum was the third of the partnership’s events held in Africa since the program began in 2015. It brought together women leaders from across the continent to foster relationships between one generation of African women and the next, and to serve as a catalyst for open dialogue. It was the culminating event of a three-day visit to Lagos by Yale President Peter Salovey.
As a flagship program of the Yale Africa Initiative, the forum is part of a broader leadership development program for senior African women government officials. Additional components of the leadership program have included participation by women from African countries in events hosted on Yale’s campus. Previous forums held in Africa were convened in Accra in 2018, and Addis Ababa in 2019.
In Lagos, opening addresses were delivered by Peter Salovey, the 23rd President of Yale University, and Maria Teresa Fernandez De La Vega, president of the Spanish Council of State and president of Fundación Mujeres por África (Women for Africa Foundation).
In his remarks, President Salovey said, “Building a network of senior African women leaders is essential to promoting sound governance and economic opportunity across the continent and around the globe for generations to come. This program has not only enhanced the knowledge and skills of current women trailblazers but has also bolstered the pipeline for emerging leaders. They are advancing the prospects of their nations, their continent, and our world.”
During the forum, two panel discussions took place, one exploring personal journeys to leadership roles, and the other focused on women defining and creating the leadership they need to achieve the United Nations Sustainable Development Goals (SDGs). Advocating for gender equality, during her opening address, Ms. Fernandez De La Vega said, “The road to equality is the road to the Sustainable Development Goals.”
The session on the “Role of Women in Achieving SDGs” was moderated by Emma Sky, director of Yale’s Maurice R. Greenberg World Fellows Program and a senior fellow of the Yale Jackson Institute. In her remarks introducing the panel discussion, Ms. Sky emphasized the need to create spaces for women in leadership.
“Women are the hope of Africa. And it is women who are key to ensuring that Africa develops to its potential and to enabling human flourishing. This leadership forum convenes a group of highly accomplished women leaders from across Africa, who are making a difference, who serve as role models for other women, and who are committed to mentoring a new generation of women leaders to participate in addressing the challenges facing the continent,” she said.
During the discussion, which included the voices of strong African women leaders with a track record of significant contribution towards achievement of the SDGs, panelists and participants focused on the importance of empowering women in rural and capital areas, and the need to ensure that no woman is left behind.
Both panels featured program alumni: Obiageli Ezekwesili, former Minister of Solid Minerals and Education (Nigeria); Ramatoulaye Diallo, Minister of Culture (Mali); Adejoke O-Adefulire; Senior Special Assistant to the President on SDGs (Nigeria); Remi Sonaiya, independent researcher and consultant and professor at Obafemi Awolowo University (Nigeria); and Nana Oye Lithur, human rights lawyer and former Minister of Gender, Children and Social Protection (Ghana).
The “Journey to Leadership” discussion, which featured personal testimonials from the panelists, was moderated by Olabosipo Sawyerr-Bassey, a graduate of the Yale School of Management (Class of 2007) from Nigeria, and Stephanie Busari, the bureau head of CNN Nigeria. A common thread from the stories shared pointed to the importance of African women in shaping the destinies of their countries.
The forum concluded with remarks from Ms. Obiageli Ezekwesili, Richard von Weizsäcker Fellow, presidential candidate of Nigeria’s 2019 election, and former vice president for the World Bank’s Africa Region. She urged participants to make conscious efforts towards connecting SDGs to everyday life so that people in communities can take ownership and demand accountability from the government on their efforts towards achieving these goals and improving their futures.
ABOUT YALE UNIVERSITY
Since its founding in 1701, Yale has been dedicated to expanding and sharing knowledge, inspiring innovation, and preserving cultural and scientific information for future generations.
Yale’s reach is both local and international. From its New Haven, Connecticut campus the University engages with people and institutions across the globe to deliver on its commitment to provide transformative educational opportunities for students and foster innovative discoveries that improve the world today and for future generations.
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*Source African Media Agency
Gambia: Foreign Affairs Minister Dr. Tangara Meets new French Ambassador
January 29, 2020 | 0 Comments
By Bakary Ceesay
The Honourable Minister of Foreign Affairs, International Cooperation and Gambians Abroad, Dr. Mamadou Tangara, on Monday 27th January 2020 received in his office the new Ambassador of France to The Gambia, Philippe Lalliot,
He presented copies of his Letters of Credence to the Honourable Minister before proceeding to the Presidency for the actual presentation of his Letters of Credence to the President Adama Barrow.
Ambassador Lalliot is accredited to The Gambia and resident in Dakar, Senegal.
In welcoming the new French Ambassador, the Honourable Minister assured him of the continuous support and collaboration of the Government of The Gambia at all times especially at bilateral and multilateral level.
The French Ambassador in turn assured the Honourable Minister that he will work diligently to promote and facilitate investment in The Gambia from French companies.
After his engagement with the Honourable Minister, Ambassador Lalliot was accompanied to State House by the Honourable Minister of Foreign, Permanent Secretary Mr. Sulayman Omar Njie and Director of the European Affairs Division Mr. Ebrima Mboob.