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Africa Mining Projects in Progress 2024
Published: 26 Apr 24
There is a significant, virtually unparalleled opportunity and “appetite” for Africa’s minerals and metals. Consequently, Africa potentially stands to benefit considerably from this minerals windfall owing to its vast resources and reserves.
Creamer Media’s ‘Africa Mining Projects in Progress 2024’ report covers almost 40 mining projects across Central, East, North, Southern and West Africa, all offering very compelling mining propositions given the demand for the minerals and metals required for the worldwide shift towards renewable energy, which is projected to increase threefold by 2040.
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Africa Mining Projects in Progress 2024
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Standard Bank mobilises debt fund to support sustainable infrastructure in Africa
Published: 26 Apr 24
Financial services firm Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa. Acre Impact Capital manages Export Finance Fund I, which seeks to invest in climate-aligned and sustainable infrastructure projects in renewable energy, health, food, water security, sustainable cities and green transportation, thereby providing access to essential services to predominantly underserved communities across the continent.
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Standard Bank mobilises debt fund to support sustainable infrastructure in Africa
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Khavda Renewable Energy Park, India
Published: 26 Apr 24
Adani Green Energy Limited plans to build the world’s biggest power plant regardless of the energy source.
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Khavda Renewable Energy Park, India
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Tumble in storage battery costs to boost shift to renewables, says IEA
Published: 25 Apr 24
An expected sharp fall in battery costs for energy storage in coming years will accelerate the shift to renewable energy from fossil fuels, the International Energy Agency (IEA) said on Thursday. While renewable energy by itself is already much cheaper than coal and gas-fired plants, weather can interrupt solar and wind power and must be paired with energy storage systems to provide reliable sources of energy.
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Tumble in storage battery costs to boost shift to renewables, says IEA
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Changing business opportunities, challenges in Zimbabwe highlighted
Published: 24 Apr 24
Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the country. These were some of the views raised by Zimbabwean and international representatives during an information session on 'Doing business in Zimbabwe' hosted by the Southern African-German Chamber of Commerce and Industry this week.
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Changing business opportunities, challenges in Zimbabwe highlighted
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First Quantum navigates Zambia power crisis through imports, renewable projects
Published: 24 Apr 24
In response to Zambia's recent declaration of a national emergency owing to a severe drought affecting power generation, copper miner First Quantum Minerals is taking measures to ensure the continuity of its operations. Power utility Zesco has introduced daily eight-hour loadshedding for its retail customers and initiated consultations with mining companies to reduce power supply to the sector by 150 MW from May 1 to December 31. First Quantum’s operations are expected to have power curtailed by about 80 MW over this period.
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First Quantum navigates Zambia power crisis through imports, renewable projects
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ARDA ponders the threats to energy security for Africa as transition takes centre stage
Published: 24 Apr 24
With some of the most prominent and respected figures in the international energy sphere among the 24 speakers and panelists and more than 500 delegates at the Annual conference of the African Refiners and Distributors Association (ARDA) in Cape Town this week, among the biggest concerns is: how does Africa’s energy security survive along the road to Energy Transition? ARDA Executive Secretary, Anibor Kragha says that the continent’s energy security cannot be sacrificed to meet a fast-track global agenda for phasing out of fossil fuels in order to bring the international levels of emissions within the standards demanded.
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ARDA ponders the threats to energy security for Africa as transition takes centre stage
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Blue Energy signs 20-year green power deal with wheel manufacturer
Published: 24 Apr 24
Local developer and operator of clean energy infrastructure, Blue Energy Africa, has signed a 20-year deal with Borbet South Africa (SA) for the procurement of power from renewable-energy sources. Founded in 1962 by Peter Wilhelm Borbet, the family-owned company has five locations in Germany, as well as one each in Austria and South Africa, with the latter in Gqeberha.
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Blue Energy signs 20-year green power deal with wheel manufacturer
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Red Rocket of South Africa hires Goldman to explore sale option
Published: 24 Apr 24
Red Rocket, a South African independent power provider, hired Goldman Sachs Group to advise on the next steps for the closely held business – including a possible sale. Shareholders of the Cape Town-based company “have decided to explore strategic options,” for the business, CEO Matteo Brambilla said by email.
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Red Rocket of South Africa hires Goldman to explore sale option
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