German capital, technology to increase Africa’s energy
THIS week, the Germany-Africa Business Forum (GABF) is organising an exclusive webinar to encourage new deals between German and African public and private energy stakeholders. This is an extremely timely initiative.
COVID-19 has accelerated several major trends and dynamics within Africa’s energy sector which are set to significantly increase the demand for German capital and technology on the continent.
Energy has been identified by most African governments and financial institutions as a key sector able to support Africa’s economic recovery post-COVID-19.
In parallel, global trends toward a cleaner energy transition are now accelerating and Africa is no stranger to the game.
The reshaping of the continent from 2021 onwards provides a great opportunity for German companies and technology to fight energy poverty in Africa and support the natural gas monetisation and valorisation drive from Mozambique to Senegal, Nigeria, Equatorial Guinea and Tanzania.
First-world countries should work with African businesses to lower carbon emissions and support Africa’s path to a net zero future.
From gas flaring to gas-to-power and cleantech, Germany has the capital and technology Africa needs to build an inclusive and sustainable energy future.
By engaging not only with African governments but with the continent’s entrepreneurs and private companies, stakeholders can structure the deals that will ensure a successful future for energy co-operation.
German technical know-how and technology is increasingly looked after when it comes to assessing climate change risks and opportunities in business planning, and supporting public policies embracing decarbonisation.
Its appetite for Africa has already translated into landmark projects and deals across the continent.
There is need to foster a candid and constructive dialogue with a broad range of German and African stakeholders on investment, energy poverty, the creation of an enabling environment for private businesses and the implementation of free market policies that benefit the poor and emerging African middle class.