Empowering Africa to Make Energy Work

Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers, but does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.

Minister of Mineral Resources and Energy of South Africa, Gwede Mantashe, launched the Africa Energy Series: South Africa 2019 report at the Africa Oil & Power (https://AfricaOilandPower.com/) conference; Under the second day’s theme of “Energy in Powering Growth”, panel discussions and talk sessions unpacked the challenges and opportunities in Africa’s power sector; Program highlights included topics such as the energy transition, Africa’s renewable energy sector, financing the power sector and energy security.

Following the successful conclusion of the first day of the three-day African Oil &Power conference and exhibition, the second day commenced today with a focus on the future of Africa’s power sector.

The day began with a keynote address from Kholly Zono, Acting CEO of CEF Group, who introduced Hon. Gwede Mantashe, Minister of Mineral Resources and Energy of South Africa.

In his introduction, Zono outlined CEF Group’ energy s strategies and shared that the CEF group is, in line with the conference theme, motivated by the goal of making energy work and, is driven by the agenda of addressing inequality, unemployment, and poverty.

He said, at the core of its strategy, the group is built on the fundamental principles of empowering people and innovation.

“The theme of the conference #MakeEnergyWork resonates very well with the CEF Group of companies, taking into account the global challenges in terms of energy requirements,” Zono said. “Making energy work is challenging us to move beyond strategies and focus on innovative approaches.”

In his keynote address, Minister Mantashe spoke about the role the energy sector plays in driving economic growth.

“South Africa recognises the energy and mineral resources sectors as catalysts to economic growth. We have witnessed how an adverse impact of high costs and unreliable supply of energy have on the productive sectors of the economy,” Mantashe stated. He further added that the government is also promoting the Integrated Resource Plan and the Amendment to the Gas Act of 2001 to encourage investment in the energy sector and to increase energy security in the continent.

Minister Mantashe also launched the Africa Energy Series: South Africa 2019 report compiled by Africa Oil & Power and dedicated it to the late Deputy Minister, Bavelile Hlongwe.

In a renewable energy panel discussion moderated by Esther Lediga, Managing Director of Intra-Afrika Advisory, CEOs of companies operating in the sector from across the continent agreed that the clean, reliable and sustainable energy has a big role to play in lighting up Africa.

“Renewables have moved at a very fast pace. Many governments are still getting their heads around how to implement it in the best possible way. The benefits of renewable is multi-fold,” said David Masureik, CEO of New Southern Energy.

On building a sustainable renewable energy future, Maduna Ngobeni, Head of Regional Programmes at IPPO, said: “We shouldn’t compete with each other. We need to strive for a common goal – we need to understand where we want to be and how we get there. How exactly do we make the environment conducive? What kind of project do you want? The private sector needs clear framework that will show: ‘for the next five to ten years, this is how we will roll it out’.”

In tune with this, the CSIR’s Energy Centre Head, Dr Clinton Carter-Brown, in an AOP talk session addressed South Africa’s energy transition to decarbonisation based on mostly renewable energy and highlighted that the transition presents more opportunities than challenges for the country.

“South Africa is well-positioned to be among regional and global leaders transitioning the energy system. Therefore strategic investment in research and development initiatives that speak to technology innovation and industrialization are paramount.”

In a utility of the future panel discussion joined by Sustain Power, Matleng Energy Solutions, USAID/Power Africa and more, the panel agreed on a customer-focused and sustainable strategies as the way forward. Rather than seeing the difficulties facing Africa as obstacles, the panel believes that these challenges hold the potential for Africa to get ahead of trend.

“Everyone wants to get off the grid. It’s a chance to leapfrog. If there’s an opportunity to leapfrog into new technology in Africa … [we] can become a leader in this worldwide.”

In the latter part of the day, the conference saw a panel discussions on financing the power sector. Participants on the panel included DMWA Resources, Afreximbank and others.

Noble Energy delivered a presentation on the Alen Gas Monetization, followed by Sasol and South Africa’s Independent Power Producer’s Office (IPPO) which highlighted how South Africa’s transition into renewable energy needs to factor in the human reliance on the coal industry.

“Our transformation is also very much a process that needs to consider the impact on the economy and the impact on the people who are deployed in the sectors that are affected,” said Sandra Coetzee, Acting Head of the IPPO.

The Africa Oil & Power conference and exhibition will conclude on October 11. The program for the final day will be centred on the theme Driving Investment and African Trade.

Learn more about the conference on https://AfricaOilandPower.com/

Distributed by APO Group on behalf of Africa Oil & Power Conference.Media filesDownload logo

Related Content

Coronavirus – Nigeria: Verified Information Sharing by Public Health Responders during COVID-19

Public health responders across the country remain committed to sharing verified information during the COVID-19 pandemic. We appreciate the efforts of call centre agents, communications officers & ICT specialists working around the clock to keep us informed.Distributed by APO Group on behalf of Nigeria Centre for Disease Control (NCDC).Media filesDownload logo

Coronavirus – Kenya: Total number of confirmed COVID-19 cases in Kenya is 1348

Total confirmed: 1348 Total recovered: 405 Deaths: 52 We are glad to inform you that we have discharged another 3 patients who have recovered from the disease, bringing the total number of those who have recovered to 405.  We thank our healthcare workers for the good job.Distributed by APO Group on behalf of Ministry of Health, Kenya.Media filesDownload logo

Coronavirus – Zimbabwe: COVID-19 update, 25 May 2020

Download logoHighlights of the situation report No new cases tested positive for COVID-19. 225 RDT screening tests and 210 PCR diagnostic tests were done. The cumulative number of tests done to date is 37474 (21709 RDT and 15765 PCR). To date the total number of confirmed cases remains at 56; recovered 25, active cases 27 and 4 deaths, since the onset of the outbreak on 20 March 2020. Number of Tests Done Number of Confirmed Cases Number Recovere

Coronavirus – Benin: COVID-19 Situation Report No. 11

Download logoSituation Overview and Humanitarian Needs Following the confirmation of the first positive case of COVID-19 in Benin on 16 March 2020, UNICEF Benin has been working closely with the Government and its partners to prevent further proliferation of the COVID-19 virus. Although the number of reported cases is still low, it has started increasing relatively faster in the last few days. The transmission of the virus is currently local with more than 80% of confirmed cases being locally

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

Quite frankly, be candid… What African mining bosses and the minister call each other behind closed doors

For years it has been daggers drawn between government and mine owners in disputes over mining regulations that the latter fear are driving away investors from starting new mines.

Droppa CEO on adapting and innovating to the harsh realities of COVID-19

Covid-19 has left many businesses with the stark reality of closing down or adapting. One company that is doing the latter is Droppa. Its CEO Khathu Mufamadi joins CNBC Africa for more.

The harsh taste of COVID-19 on Famous Brands

Famous Brands, the owner of several of South Africa’s best loved restaurant chains has scrapped its dividend for the second half of its financial year to preserve its balance sheet. The owner of Steers and Tashas warned that the COVID-19 pandemic has had a significant negative impact on the group. Famous Brands CEO, Darren Hele joins CNBC Africa for more.

African Bank CEO on how the bank is cushioning its customers from the effects of COVID-19

The Covid-19 lock-down has put pressure on individuals and businesses’ finances like never before. But what can be done to ease the pressure? Basani Maluleke, CEO, African Bank joins CNBC Africa for more.

Trending Now

Elon Musk and SpaceX try to make history, plus everything else you missed: CNBC After Hours

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today’s show, CNBC’s Michael Sheetz explains what’s at stake in t

South Africa downgrades lockdown rules, sending 8 million back to work

Key Points South Africa to downgrade lockdown measures to level three on June 1. This means a full reopening...

Is SA’s mining industry too deep in the COVID-19 crisis?

The Covid-19 pandemic has far-reaching economic ramifications on the productivity and profits of many industries without the exception of the mining industry. For more than a century mining was a flourishing industry in South Africa. In 2019 it contributed close to R361 billion or 8.1 per cent to SA’s GDP and over R91 billion to fixed investment. It employed 454,861 people and paid R24.3 billion in taxes. Since early March, the mining industry’s average share price has dropped 10 per cent and individual companies have lost 30 to 50 per cent of their market value. Is mining too deep in the Covid-19 crisis? How can the mining industry pave the way to total recovery and become the sunrise industry it wants to be?...

How Richard Branson Is Trying To Save His Virgin Empire

Sir Richard Branson has cut a figure as a brash and rebellious impresario who took on big businesses with his larger-than-life personality, charm, and sheer guts. The Virgin Atlantic airline Branson started and grew from an industry underdog to a maj
- Advertisement -