President Hage Geingob stated in his New Year’s speech that Namibia will receive N$100 million in concession fees from HYPHEN, the preferred bidder for the development of the country’s first large-scale vertically integrated green hydrogen project in the Tsau/Khaeb national park. He stated that his official visits to the United States and the COP26 United…
AfCFTA’s Protocol on Intellectual Property Rights and its potential effects on Africa’s Economic Growth
Intellectual Property Rights in Africa The 21st century is mainly characterized by its rapid economic development and a knowledge-driven period. Countries around the world compete based on their ability to manipulate and effectively use information to their advantage. Developed countries have come to appreciate that innovation should be at the top of policymakers’ agenda given…
Understanding the impact of a ‘Net-Zero by 2050’ on African Economies and Livelihoods: Defining a ‘Just Transition’
In May 2021, the International Energy Agency (IEA) published a report called ‘Net-Zero by 2050: A Roadmap for the Global Energy Sector’ with an emphasis on the necessity to make a radical shift away from fossil fuels to achieve neutral greenhouse gas emissions by 2050. While the latter may be a desirable goal, the impact of such a rapid and one-sided transition must be weighted against its impact on African economies and livelihoods.
The Eu’s Plan to Label Natural Gas and Nuclear Energy as Sustainable — is This Move Good for the African Continent?
The EU stated on January 1, 2022, that it sees a role for gas and nuclear energy “as a method of facilitating the transition to a largely renewable energy future”. The commission’s drive to classify nuclear energy and natural gas as environmentally friendly investments comes after months of discussion and political lobbying.
Building Strategic Alliances in the Renewable Energy Sector in Africa: Investing in a Future Saudi-Chinese-Japanese Project?
As the renewable energy sector in Africa is booming, it becomes increasingly more important to talk about international cooperation and the impact of regional
The Hornsea 2 offshore wind farm in the United Kingdom’s North Sea, owned by the Danish energy company Ørsted, has generated its first electricity. Ørsted stated that the project’s offshore substation (OSS) and reactive compensation station (RCS) will be completed in late 2021, pending final approval from the Department of Energy.
Established in 2018, the African Continental Free Trade Area (AfCFTA), represents perhaps Africa’s biggest opportunity for the next few decades in its battle against poverty of all forms, energy and infrastructure included.
In 2021, nearly 290 GW of new renewable power was installed, a 3% increase over 2020’s already exceptional growth. In 2021, solar PV accounted for over half of all renewable power expansion, followed by wind and hydropower. Between 2020 and 2026, renewable electricity capacity is expected to grow by over 60%, to over 4800 GW.…
A huge revolution is taking place in the global energy system right now, and in the decades to come, energy systems around the world will become increasingly decentralized, digitalized, and decarbonized.
Renewable Energy Storage Potential in Africa and How Germany Has Been Able to Use Energy Storage to Improve Its Economy
According to World Bank Group President Jim Yong Kim. “Battery storage can help countries leapfrog to the next generation of power generation technology, expand energy access, and set the stage for much cleaner, more stable energy systems.
On 8 December, the National Assembly received the 2021 Finance Bill (the Bill) for consideration and eventual passage. As a build-on of the 2020 version, the Bill seeks to amend multiple laws such as the; the Capital Gains Act; Stamp Duties Act, Personal Income Tax Act; Companies Income Tax Act; Tertiary Education Trust Fund (Establishment Act) etc.
The AfCFTA was created in March 2018, with the expectation of tying a USD 3 Trillion regional market with over USD 80 Billion in untapped intra-regional exports. Of course, an agreement of this magnitude would have underlying protocols and arrangements for operational reasons.