Earth Finds

Earth Finds

Electrifying The Deserts Of Africa

By Akani Chauke

During last week's Unlocking Solar Capital Africa conference, Solarplaza unveiled 'The Solar Future: Deserts of Africa', a new platform aimed at exploring the opportunities that accompany solar PV development in Africa's deserts. This new two-day event will be hosted in Dakar, Senegal on 13-14 March 2019.

"At Solarplaza, we want to facilitate the solar energy sector by expanding into new markets early on, markets that capture both opportunities and challenges. We believe that, by launching our African desert platform, we keep true to our mission of positively impacting the world by accelerating the sustainable energy transition," said Lydia van Os, Africa Lead and Project Manager at Solarplaza.

With a dispersed, but rapidly growing population, desert countries will need to tap into a combination of solar solutions, such as utility-scale power plants, mini-grids and off-grid applications, to create impact in regions that are disproportionately affected by climate change.

Fully realizing the true solar potential of the deserts of Africa will require a vast effort, one that will need to align visionary governments, courageous development finance institutions, pioneering investors and experienced developers. Solarplaza seeks to support these efforts by creating the right platforms, like The Solar Future: Deserts of Africa, for these parties to meet, share ideas and form effective partnerships.

As a preparation for this event, Solarplaza sought to take stock of the past, current and future initiatives related to the development of solar capacity in the African deserts, in order to provide context to the discussion we'll aim to incite during the event.

All of these desert solar initiatives as well as solar energy developments on a country level can be found in the brand new 'Desert Solar' report (Africa.TheSolarFuture.com/desert-solar-white-paper ).

For the purposes of this report, namely determining the scope and scale of renewable energy ambitions in the region, the report included both photovoltaic and concentrated solar power initiatives and projects.

African Financial Alliance on Climate Change Unveils Guiding Principles

The African Financial Alliance on Climate Change (AFAC) unveiled its guiding principles at the recently concluded Africa Investment Forum. Launched in June 2018, AFAC aims to increase financial sector participation in climate action, in order to raise the share of investments that support low-carbon and climate-resilient development in Africa.

Its Steering Committee, which provides overall direction and guidance, is constituted to ensure representation by key institutions within the African financial sector, namely central banks, insurance companies, sovereign wealth and pension funds, stock exchanges and commercial and development banks.

AFAC will mobilize private capital ?ow towards continent wide low-carbon and climate-resilient development, addressing four key areas:  knowledge sharing, instruments, disclosures, and risks and opportunities that are fit for the African ecosystem. Additionally, AFAC will help to position and align African financial actors as key stakeholders in the evolving global climate finance architecture, by proposing solutions and attracting capital for Africa's climate actions that support the Paris Agreement.

Commenting on AFAC, Bank's President, Dr. Akinwumi Adesina said, "Africa's financial actors need to work together creatively to mobilize global financial resources at scale to support local innovations that drive climate-resilient and low-carbon development on the continent. Having been short-changed by climate change, Africa must not be short-changed by climate finance."

In his address, Lord Nicholas Stern, the Steering Committee's Chair, said, "Failure to reach the Paris targets would be deeply damaging for the world as a whole, but more so for Africa. This Alliance is an important initiative for engaging Africa's financial sector to drive climate action. AFAC will form a vital foundation for climate-related governance, strategy, and risk-reward metrics towards low carbon and climate-resilient investments."

Also present at the unveiling, Rwanda Finance Minister Hon. Uzziel Ndagijimana lauded AFAC as instrumental in defining pathways that would help direct financial ?ows towards Africa's Nationally Declared Contributions and SDGs.

The Africa Investment Forum is an initiative of the African Development Bank organized in partnership with Africa Export-Import Bank, African Finance Corporation, Africa50, Development Bank of Southern Africa, European Investment Bank, Islamic Development Bank and Trade and Development Bank.

The innovative marketplace is dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals.

Tagore Living Apartments Are Now Up For Sale

Constructing a home, let alone finding an already built home, can be a daunting task. It is trouble chasing masons and engineers at the construction site to do the right job and designs yet not many good looking finished houses are available on the market.

Meera investments, a subsidiary of Ruparelia Group, is bridging this gap by putting on the market well-furnished and elegant apartments on the market. Meera investments is now selling the elegant Tagore Living apartments located in the upscale area of Kamwokya.

Tagore has been carefully designed to create a welcoming community, providing fully accessible facilities for residents. Full-time court staff, together with care and support services that give you total peace of mind.

“Our facilites include 24 hour Surveillance CCTV Cameras, Standby Generator, Fire Fighting Equipment and Escape Routes, Wi-fi Internet, Car Lifts, Cable digital T.Vs connected in the living and bedrooms as well as Electrical Door Bells,” an official said.

Tagore Investments offers buyers a unique and one-off opportunity to invest in a development either as a long term rentable investment or live in. The Plot on which Tagore sits is connected to Kamwokya and the business streets of Kisementi with a beautiful landscape park that can be viewed from the community

The two bedroom apartment comes with a kitchen, living & dining room, a master bedroom (20.5m2) and one other bedroom (18m2) and a terrace (6.4m2). The three bedroom apartment has a kitchen, living & dining room, a master bedroom (20.6m2) and 1 other bedroom (19.2m2) and a terrace (7m2).

Global Hotel Awards Say Munyonyo Commonwealth Resort Best In Africa

Munyonyo Commonwealth Resort, a five star luxurious hospitality facility on the shores of Lake Victoria in Kaampala, won best Luxury Hotel & Conference Centre in Uganda (country category) at at this the World Luxury Hotel Awards in Indonesia.

The World Luxury Hotel Awards are voted for by the public and are awarded to luxury hotels or hospitality groups across 99 different categories, presented on a regional, continental, global and country basis, with one hotel receiving the overall global accolade.

World Luxury Hotel Awards is the pinnacle of achievement in the luxury hotel industry offering international recognition as voted by guests, travelers and industry players alike.

Over 300 000 international travelers vote each year, during a four-week period to select the winners. Luxury hotels have the opportunity to participate in the World Luxury Hotel Awards by entering hotel categories that showcase their unique selling points and destinations.

In Uganda, Munyonyo Commonwealth Resort, a member of the Speke Group of Hotels owned by the Ruparelia Group, offers the best luxurious accommodation, restaurant services & state of art conference rooms for meetings. The hotel also has a number of presidential suites.

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