Tag: renewable energy
How COVID-19 has spurred the move towards renewable energy supply
Lock-downs all over the world have given a glimpse, of what a cleaner world would look like. According to management consulting firm Kearney, this should speed up the move toward renewable energy supply. The firm adds that the renewables industry can emerge from COVID-19, as one of the more confident sectors. In a South African context, the energy mix is especially needed, as Eskom is struggling to keep the lights on. Prashaen Reddy, Partner at Kearny joins CNBC Africa for more.
Here’s how renewable energy could help African economies recover post-COVID-19
Like the rest of the world, Africa was severely affected by the spread of COVID-19 with an estimated 5 to 29 million people being reduced back to live below the poverty line. CNBC Africa spoke to Dan Klinck, CEO of East African Power to discuss how renewable energy could help African Governments in the efforts to build back better post-COVID-19.
How COVID-19 is making green investing more attractive
As the world moves towards producing renewable energy, companies and investors are finding ways to contribute to environmental improvement. One way to achieve the goal of fostering a green economy is through green bonds. Joining CNBC Africa to discuss the impact of green bonds and what they offer to the investor’s pocket is Bruce Stewart, Head of Debt Capital Markets Origination, Nedbank Corporate and Investment Banking.
ARCH’s Africa renewable power fund shines $3mn on Sun Exchange
British based private equity firm ARCH Emerging Market Partners has invested $3 million in Sun Exchange. This brings total investments in Sun Exchange, a Cape Town based renewable energy start-up that allows people to buy individual cells on solar projects and earn rental income in cryptocurrency, to $4 million. Abe Cambridge, CEO & Founder of Sun Exchange joins CNBC Africa for more.
COVID-19: Does SA have a plan to wean itself off coal?
As COVID-19 lock-down restrictions were imposed globally, daily global CO₂ emissions in early April 2020 were down 17 per cent compared to the emission levels in the prior year. A number of congested cities around the world are now seeing clearer skies and breathing fresher air. However, the Covid-19 lock-down is only a short-term solution to the social and economic changes that countries need to make to ensure the sustainability and the longevity of climate change actions. Rachael Antwi, Director at Nochua International joins CNBC Africa for more.
Africa Women Innovation and Entrepreneurship Forum (AWIEF) Awards 2020 call for nominations announced
The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) is pleased to announce the call for nominations for AWIEF Awards 2020.
This year marks the fourth edition of the highly-anticipated AWIEF Awards which serves as the premier platform to highlight achievements in women entrepreneurship across Africa. AWIEF Awards are Africa’s top honours for female founders and entrepreneurs designed to recognise and celebrate their contribution to the growth of Africa&rsqu
Madagascar: Government of Madagascar gets Euro 4 million from African Development Fund for Sahofika hydropower project
Download logoThe African Development Fund has approved a 4.02 million euro loan with a grant component to finance the Government of Madagascar’s 30 million euro equity investment in the Sahofika hydropower project, which will generate affordable, clean energy benefitting some 8 million people.
The Sahofika project is located on the Onive River, 100 km southeast of the capital Antananarivo. It entails the construction of a 205 MW hydroelectric power plant on a Build-Own-Operate-Transfer
Senegal: A West African Leader on the Rise (By Thomas Hedley, Field Editor)
By Thomas Hedley, Field Editor
Although they are located 1,800Km from each other, Côte d'Ivoire and Senegal vie for the place of economic leader in West Africa, with a slight advantage for the former which, thanks to its leading economic capital Abidjan, was able to attract many investors, particularly French speaking.
The population of Senegal reached 15.85 million people in 2018 compared to 25 million in Côte d'Ivoire. The same difference can be observed when loo
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