By Mary Mwendwa
Nairobi, Kenya: The 2024 edition of the Africa Energy Sector Inward Buying and Investment Mission is set to take place July 15-19 in Johannesburg and Cape Town, South Africa.
This landmark event will bring together 40 African delegates from 10 confirmed African countries – Angola, DRC, Egypt, Ghana, Kenya, Mozambique, Nigeria, Uganda, Zambia, and Zimbabwe – to engage in a comprehensive exploration of South Africa’s energy capabilities and project opportunities across the continent. Ministers of energy and CEOs of large corporates will be in attendance as well.
The mission will be hosted by the South African Electrotechnical Export Council (SAEEC) with support from the Department of Trade, Industry and Competition (DTIC), the Export Credit Insurance Corporation (ECIC), and the Development Bank of Southern Africa (DBSA).
The South African Electrotechnical Export Council said the time of this year’s mission was fortuitous. “The African Continental Free Trade Area entered its operational phase in April this year, offering a valuable opportunity to lay the foundation for intra-African trade,” said Mrs Chiboni Evans, CEO of SAEEC.
“We are committed to convening this forum as this new era of export opportunities emerges. As we have done over the past 25 years, the council will continue to work with the (dtic) to support boosting export growth, in keeping with the objectives of the Integrated National Export Strategy.”
The 2024 edition of the Africa Energy Sector Inward Buying and Investment Mission consists of four major events:
- A business forum hosted by the Development Bank of Southern Africa (DBSA), July 15.
- The Africa Energy Projects Conclave, July 16-17.
- The Africa Energy Colloquium, July 18.
- Site visits to manufacturers in Gauteng and the South African Renewable Energy Technology Centre, ABB, ACTOM, SARATEC, and Koeberg Nuclear Plant in Cape Town.
Delegates and South African stakeholders will also delve into projects detailed in the Council’s newly published database of renewable energy projects, fostering a collaborative environment for energy project development.
The South African Electrotechnical Export Council has commissioned Africa House to develop a comprehensive database of renewable energy projects in the region. This database currently features 129 wind projects and over 1,100 solar projects valued at approximately US$249 billion.
The South African electrotechnical sector has a local value of US$58 billion and employs around 280,000 people, according to a 2017 Analytix study commissioned by the Department of Trade and Industry.
Mr Ntshengedzeni Gilbert Maphula, Acting CEO of the Export Credit Insurance Corporation said the 2024 edition of the Africa Energy Sector Inward Buying and Investment Mission represents a pivotal moment for the continent’s energy landscape. “By bringing together key stakeholders, project owners, and industry experts, this event fosters unparalleled opportunities for collaboration, innovation, and investment across Africa. As we strive to be a world-class export credit insurer in facilitating South African export trade and cross-border investment globally, this initiative aligns perfectly with our mission.”
Ms Boitumelo Mosako, CEO of DBSA said: “The Development Bank of Southern Africa has a clear goal to increase investment in renewable energy and improve energy security, not only in South Africa but across the African continent. The DBSA’s focus is on leveraging funding from diverse investors to support energy infrastructure projects that align with the National Development Plan 2030 and the Sustainable Development Goals.”
The African Development Bank estimates that approximately US$30-40 billion per annum is required over the next six years for Africa’s energy infrastructure built to ensure universal access to electricity and to industrialize the continent.
Around 600 million Africans, or 43% of the total population, lack access to electricity, according to the 2022 Africa Energy Outlook.
Mrs Evans said the Council looked forward to displaying the competence of member companies in various subsectors, including electrical engineering, manufacturing goods, and providing services in the generation, distribution, and transmission of electricity. Other sectors represented are in information and digital technology, telecoms, electronics, and renewable energy solutions.
“This mission provides a unique platform for sharing our extensive knowledge and experience with our African counterparts, fostering collaborations that will lead to sustainable energy development across the continent. Our aim is to empower African energy leaders with the tools and insights needed to achieve their ambitious energy goals,” Evans concluded.
