A green hydrogen panel discussion during the Namibia International Energy Conference dissected the prospects of green hydrogen for driving socioeconomic growth and industrialization in Namibia

Renewable Energy: Examining The Prospects Of Green Hydrogen In Africa

Namibia has made significant progress through project announcements, the signing of deals and adjusted policies to kickstart a green hydrogen boom both domestically and across the southern African region. Rich with renewable energy resources and focused on accelerating energy access and economic growth, the country has partnered with international and regional stakeholders to develop large-scale green hydrogen facilities that will be used both domestically and regionally. But why has this resource emerged as a point of focus in Namibia and what will its development bring? This very concept was the topic of discussion during a green hydrogen panel at the Namibia International Energy Conference in Windhoek on Thursday April 21.Moderated by Sophie Masipa, Co-Founder, Mwungano ESG, speakers on the panel included James Mynupe, Presidential Economic Advisor, Namibian Presidency; Ipeleng Selele, Group CEO, RRS Trade and Investment; Helena-Tashiya Walenga, Business and Project Developer, HDF Energy Namibia; and Dr Jane Olwoch -…
A panel discussion hosted at the Namibia International Energy Conference explored how Africa can achieve a just energy transition while addressing energy poverty and driving economic growth

Towards A Just Energy Transition In Africa: Africa Needs To Develop Its Own Narrative & Use Oil & Gas

African governments, energy stakeholders and industries need to develop and define the continent's own narrative of what a just energy transition across the region looks like. In addition, Africa needs to develop resilient financial solutions to fund its own energy developments, drill more oil and gas wells, and develop capital attractive energy regimes while improving the participation of women. In this regard, the African Energy Chamber (AEC) (www.EnergyChamber.org), as the voice of the African energy sector, is committed to driving dialogue around these issues, with discussions introduced during a panel discussion held at the Namibia International Energy Conference (NIEC) in Windhoek on Thursday, April 21, expected to be expanded upon during African Energy Week (AEW) 2022 in Cape Town.The NIEC session, titled 'Africa Energy Outlook: Towards a just energy transition,' was moderated by Afra Schimming-Chase, Chase & Associates and included Paulo Gomes, Founder and Chairman, Orango Investment Corporation; Marie Thérèse…
Greenfield investments in Uganda's oil and market will help increase overall capital expenditure between 2022 and 2025

Investor Appetite For Uganda Oil & Gas Exploration, Production To Increase

According to the African Energy Chamber's (AEC) Q1 2022 Outlook, The State of African Energy, as the region sees relatively increased sanctioning activity, 2022-2025 cumulative capital expenditure from Africa has seen an increase of $23 billion. In this context, new projects and greenfield investments in emerging oil and gas producing countries such as Uganda will increase capital spending in Africa in 2022 and beyond as the continent seeks to ensure a secure gas and oil supply to meet local demand and expand exports.Greenfield investments in Uganda will play an increasing role in expanding Africa's oil and gas exploration and production as the east African country seeks to expand its nascent market for economic transformation and energy reliability locally, regionally and at continental level. Uganda has approximately 6.5 billion barrels of oil reserves - of which 1.4 billion barrels are economically recoverable - and 500 billion standard cubic feet of estimated…
African energy leaders will meet in Cape Town at the African Energy Week Green Energy Summit, and thereafter travel to Cairo for COP27

Discussion On Africa's Energy Transition Must Start In Africa

Africa's renewable energy sector has gradually expanded over the past decade, driven by international oil company divestment from hydrocarbons and global calls to scale-up clean energy developments in order to mitigate climate change impacts. In response to global accords such as the United Nations (UN) Sustainable Development Goals and the UN Framework Convention on Climate Change, many African governments have taken a proactive approach to driving renewable energy developments – with revised energy regulation and supportive policies. However, the continent continues to face challenges hindering effective growth within the sector.Primarily, one of the biggest challenges concerns the availability of adequate finance. Despite the costs of renewable energy technologies declining over recent years, significant up-front capital is still required. International markets such as the United Kingdom have been concerted efforts to finance Africa's energy transition, with commitments such as British International Investment's plan to invest GBP 1.5-2 billion per year from…
The report reveals that public and private financial institutions poured at least $132 billion in lending and underwriting into 964 gas, oil and coal projects in West, East, Central and Southern Africa.

Report Shows At Least $132 Billion In Finance For Fossil Fuels Is Locking Africa Out Of A Just Transition

The Intergovernmental Panel on Climate Change’s new report, published on Monday February 28, once again confirms that the climate crisis disproportionately affects African countries. It further demonstrates that climate impacts will worsen sooner than previously predicted and that worldwide action is more urgent than previously assessed. And yet Africa is host to a growing number of oil, gas and coal projects. New research published by BankTrack, Milieudefensie, Oil Change International and 19 African partners, including 350Africa, Alliance for Empowering Rural Communities (AERC) from Ghana, and WEP Nigeria, reveals that billions of dollars in finance, the majority from European, Asian and North American financial institutions, are putting the continent in danger of becoming locked into fossil fuels, despite its massive potential for renewable energy. As a result, Africa runs the risk of not being able to make the necessary leap to sustainable energy in time. Billions of overseas fossil fuel money…
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Capital Spending In Africa's Oil & Gas Industry To Record Impressive Growth In 2022

Capital Spending In Africa's Oil & Gas Industry To Record Impressive Growth In 2022

Despite global capital expenditure having been on a downward spiral between 2014 and 2020- owing largely to COVID-19 pandemic spending trends and energy transition-related divestment in Africa – the African Energy Chamber (AEC) projects capital expenditure within Africa's oil and gas industry to increase in 2022 and beyond. According to the organization's Q1 2022 report, The State of African Energy, capital expenditure within Africa's oil and gas sector will reach $30 billion in 2022 after a decline from $60 billion in 2014 to $22.5 billion in 2020. This provides an opportunity for both mature and emerging hydrocarbon producers to establish investor-friendly regimes to attract capital and accelerate project development continent-wide.At the current expected project sanctioning levels, upstream spending towards 2025 is expected to see an increase. Deferred projects and the projects originally slated for investments from 2022 onwards will together have the potential to contribute to a significant growth potential.…
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African gas producers need to attract investments for infrastructure development and upgrades to enable them to enhance export capabilities

Europe Can Look To Africa As Preferred Gas Supplier

With recent sanctions on Russia by western nations threatening the critical supply of Russian gas to European markets, an opportunity has emerged for African gas producers to step up, enhancing hydrocarbon production and exports to meet international supply gaps. Significant progress has already been made to establish Africa as a viable gas export market, and now, with geopolitical tensions rising, Africa should focus on establishing itself as the preferred supplier to international markets.The withdrawal and disruption of supply channels from Russia, as the second largest gas producer globally and the biggest supplier of natural gas to Europe, will not only send Europe into a deeper energy crisis, but will cause price hikes globally. However, this represents a golden opportunity for Africa. On February 22, 2022, member states of the Gas Exporting Countries Forum (GECF) met in Doha, Qatar to discuss the impact of the mounting tensions between Russia and Ukraine…
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Oil: UNOC Reacts To Girl Child Vulnerability In Bunyoro

Oil: UNOC Reacts To Girl Child Vulnerability In Bunyoro

With some of Bunyoro girls having already fallen victims of the oil projects’ development, the Uganda National Oil Company (UNOC) has launched a campaign to mobilise a girl child for opportunities coming with the oil developments. The company also warns girls, together with boys, on the negative social effects likely to result from the oil industry citing possible teenage pregnancies for girls and drug abuse amongst boys due to population influx. A delegation led by UNOC’s Chief Executive Officer (CEO), Ms Proscovia Nabbanja, visited a couple of government aided secondary schools in Hoima, Kikuube and Buliisa districts and Hoima city. While at Buseruka Secondary School in Hoima district and Butiaba Seed Secondary School, Ms Nabbanja advised girls to get focused and embrace what she condensed in 4Ds as key to success. In this context, the 4Ds denote: Desire, Determination, Dedication and Discipline. According to her, UNOC’s focus for this time…
PAU-PSFU-Stanbic and partners in a group photo after the signing ceremony

EACOP Route SMEs To Get Enterprise Training, Mentorship

The Petroleum Authority of Uganda (PAU) has signed a contract with Stanbic Business Incubator Limited (SBIL) and other partners to build the capacity of over 200 Ugandan enterprises along the crude export oil pipeline route to compete for contracts to supply Uganda’s oil and gas sector, and other related opportunities. The consortium of partners, which is led by SBIL includes Conexus Oil & Gas, Solid Rock Life & Business, and Living Earth Uganda, will carry out the training of over 200 Micro, Small and Medium Scale Enterprises (MSMEs) in the ten (10) districts along the East African Crude Oil Pipeline (EACOP) route. The districts are Hoima, Kikuube, Kakumiro, Kyankwanzi, Gomba, Mubende, Lwengo, Sembabule, Kyotera, and Rakai. The business development training is one of the three major components of the MSMEs business linkages project along the EACOP project being implemented by the PAU with support from the African Development Bank (AfDB).…
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Chairman Simba Group, Patrick Bitature was the chief guest at the graduation ceremony.

700 SMEs Awarded Certificates In Enterprise Development

Stanbic Business Incubator Limited (SBIL) has awarded 700 Small and Medium Enterprises (SMEs) with certificates in enterprise development, this, after three months of training in financial literacy, business planning, contracts and bid management. The participating SMEs were drawn from a wide range of sectors including oil and gas, transport, renewable energy, hospitality, agribusiness, and manufacturing. The SMEs which participated in the training program were selected after a competitive application process that got entries from Kampala and across eight districts from eastern, western and northern Uganda. The training was conducted under the Enterprise Development Program (EDP), which is SBIL’s flagship programme aimed at enhancing local SMEs’ capacity building for business resilience and sustainability. Speaking at the graduation ceremony on Feb. 11 held at the company’s head offices in Kampala, Tony Otoa, the Chief Executive SBIL said: “I know everyone is asking what next? Well, I can assure you that we are…
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