Expo 2020: Dubai as a springboard for doing business in Africa

Dubai-based Phanes Group, a leading solar power provider operating across Africa, the Middle East, Central Asia, and the Commonwealth of Independence States, is making significant strides in the renewable energy sector. CEO Martin Haupts sat down with CNBC Africa's Chris Bishop in Dubai to discuss how the company is utilizing Dubai as a springboard for its operations in Africa. Haupts emphasized the advantages of Dubai's infrastructure, talent pool, and strategic location, making it an ideal hub for their business activities. With a strong focus on the Silk Road region, Phanes Group is involved in developing, building, and investing in solar projects. One of their recent achievements was winning a competitive tender overseen by the Millennium Challenge Corporation to build a solar plant in Malawi. The project, spanning over two phases, will significantly increase the country's energy generation capacity, addressing the critical issue of energy access in the region. Haupts highlighted the importance of community engagement in African power projects, emphasizing the need for collaboration and sensitivity when dealing with local communities and regulatory bodies. Despite the challenges faced in emerging markets, such as regulatory hurdles and outdated infrastructure, Phanes Group remains committed to expanding renewable energy infrastructure across Africa. Haupts also addressed the political challenges surrounding renewable energy adoption, citing examples from South Africa where concerns about job losses and foreign investment have hindered progress. However, he noted that in countries with weaker grids, renewable energy remains the most viable solution due to its decentralized and affordable nature. The conversation also delved into the potential for renewable energy in countries like the Democratic Republic of Congo, where significant opportunities exist but are hindered by outdated infrastructure. Phanes Group is actively engaging with the government in DRC to tap into the country's renewable energy potential and support local entrepreneurs in the sector. Looking ahead, Haupts expressed his vision for Phanes Group to be a key player in rolling out energy infrastructure across sub-Saharan Africa and beyond. The company aims to be a catalyst for sustainable development, powering communities and industries while facilitating foreign direct investment in the region. Haupts emphasized the growing interest from investors in African power projects, signaling a shift towards viewing the continent as a lucrative market for renewable energy ventures. With a commitment to delivering bankable projects, Phanes Group is poised to make a lasting impact on Africa's energy landscape, driving positive change and sustainable growth.