More than 500 experts, governments, civil society, academia and the private sector representatives from Africa and other regions agreed on the agenda of regional cooperation and accelerating geothermal development in Africa, as the Eighth African Rift Geothermal Conference (ARGEO C8) concluded on 6 November.
Participants recognized the need for capacity development for geothermal practitioners to ensure effective development of these projects through the newly established Africa Geothermal Centre of Excellence. To ensure successful exploration and development, it was agreed that geothermal resources must be anchored in knowledge-based exploration that informs decision makers to develop appropriate policy and regulatory framework.
The five-day virtual conference, held under the theme “Energy and sustainability, seizing the moment to invest in geothermal resources for sustainable development”, was hosted by the Government of Kenya in partnership with United Nations Environment Programme (UNEP), the African branch of the International Geothermal Association, the Kenya Electricity Generating Company, the Geothermal Development Company as well as the Geothermal Association of Kenya.
In his opening remarks, Charles Keter, Kenya’s Cabinet Secretary for Energy, emphasized the need for innovation and capacity building in geothermal development to power economic and social growth in the continent.
“This Conference provides Kenya with a platform to build partnerships with other African countries who are in various stages of geothermal development, and to deepen cooperation in skill, capacity and technology transfer,” Keter said.
Participants recognized direct use of geothermal resources as a potential game-changer for the economies and livelihoods of rural communities across the continent through meaningful participation of communities in the development and implementation of geothermal projects.
Juliette Biao Koudenoukpo, Director and Regional Representative for UNEP’s Africa Office, pointed out that the conference and its outcomes would contribute to the achievement of the Goal 7 of the SDGs, on affordable and clean energy.
“Renewable energy can and will change the African energy challenges and narrative. Energy-use statistics in Africa reveal a worrying scenario; Africa has 13 % of the global population, yet its share in global electricity consumption is less than 3%, and only 25% of Africans have access to electricity. More than 70% of Africa is dependent on traditional biomass fuels,” she said.
Delegates agreed to increase geothermal resources installed by a capacity of at least 2,500MW of electricity in the region by 2030. Geothermal stakeholderss will continue collaborating with UNEP under the ARGeo programme to create regional networking platforms to raise awareness about geothermal resource potential in Africa.
Ólafur Ragnar Grímsson, former President of Iceland, also addressed the conference, revealing that his country’s rapid industrial development was spurred by its investment in renewable energy projects from the development of geothermal energy.
“We advocate for food production to be part of the geothermal development dimension. Solar, wind power and geothermal energy is the foundation to help us fight the pandemic of fossil fuel pollution and dirty energy, which kills as many as approximately 7 million people around the world. We are determined to continue this geothermal cooperation with African countries,” he said.
In her remarks during the virtual conference, Amani Abu-Zeid, the African Union (AU) Commissioner for Energy and Infrastructure said the AU recognises the need for regional cooperation, as well as the participation of the private sector and international institutions to invest in order to accelerate the development of geothermal resources in the region. She affirmed the need to develop the skills of homegrown experts through regional institutions, and also emphasised the need for women to be present and visible throughout the geothermal value chain.
Delegates also agreed to work through the newly launched Africa Women Advancing Geothermal as well as the African Geothermal Association to enhance cooperation and information exchange in the region.
Mozambique: Growth Expected to Rebound by 2022
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path of the COVID-19 (coronavirus) pandemic. While the economy registered its first contraction in 2020 in nearly three decades, growth is expected to rebound over the medium-term, reaching about 4 percent by 2022.
Released today, the 6th edition of the World Bank Mozambique Economic Update: Setting the Stage for Recovery, notes that the COVID-19 (coronavirus) pandemic has hit Mozambique’s economy as it was recovering from the debt crisis and the tropical cyclones of 2019. The country’s real Gross Domestic Product (GDP) is estimated to have declined by 1.3 percent in 2020, compared to a pre-COVID-19 estimate of 4.3 percent, as aggregate demand fell and lockdown measures necessary to contain the virus disrupted supply chains. Nevertheless, the report notes, job losses and business closure, while significant, were comparatively lower than in peer countries.
“Despite concerted efforts to contain its spread and mitigate its effects, COVID-19 continues to adversely affect households and businesses, delaying the country’s progress towards the Sustainable Development Goals (SDGs),” noted Idah Z. Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Mauritius, Seychelles, Comoros. “The urban poor, who are largely engaged in the informal sector are among the hardest hit. While the impact is significant across the board, small firms are worst affected, notably those in the northern region.”
The report acknowledges that the government took swift sanitary measures, deemed largely successful in keeping cases and deaths on the lower side during the first wave. Furthermore, the authorities enacted robust fiscal and monetary policies aimed at protecting businesses and the most vulnerable. Among those, the Bank of Mozambique enacted stimulus measures, including cutting the monetary policy rate and adopting policies aimed at ensuring financial sector stability. Other crucial support included discounted credit lines to relieve firms of financial distress. Steps were also taken by commercial banks to restructure existing loans by extending maturities and offering grace periods on loan principals. Several other fiscal measures were taken to support small firms and businesses. The report calls for strengthening of these measures to address the effects of the second wave of the virus and support a resilient economic recovery.
“Indeed, continued support to households and viable businesses remains essential for resilient recovery,” noted Fiseha Haile, World Bank Senior Economist and the report’s leading author, adding that it will be key to continue providing support to the poorest and most vulnerable through social protection programs in the short-term. “More support to firms, conditioned on the protection of jobs, could help minimizing layoffs and the loss of productive capacity,” he said.
The report concludes by underlining the need to press ahead with the structural reform agenda as the pandemic subsides. In the recovery phase, policies focusing on supporting economic transformation and job creation, especially for the youth, would be critical. Targeted interventions to support women and alleviate gender inequalities as well as to harness the power of mobile technology would support sustainable and inclusive growth in the medium term.
EU to support COVID-19 vaccination strategies and capacity in Africa
The President of the European Commission, Ursula von der Leyen, has announced today €100 million in humanitarian assistance to support the rollout of vaccination campaigns in Africa, which are spearheaded by the Africa Centres for Disease Control and Prevention (Africa CDC). Subject to the agreement of the budgetary authority, this funding will support the vaccination campaigns in countries with critical humanitarian needs and fragile health systems. The funding will, among others, contribute to ensuring the cold chains, roll-out registration programmes, training of medical and support staff as well as logistics. This sum comes on top of €2.2 billion provided by Team Europe to COVAX.
President of the European Commission, Ursula von der Leyen said: “We’ve always been clear that the pandemic won’t end until everyone is protected globally. The EU stands ready to support the vaccination strategies in our African partners with experts and deliveries of medical supplies at the request of the African Union. We are also exploring potential support to boost local production capacities of vaccines under licensing arrangements in Africa. This would be the fastest way to ramp up production everywhere to the benefit of those that most need it.”
Janez Lenarčič, Commissioner for Crisis Management, said: “International vaccine solidarity is a must if we are to effectively address the COVID-19 pandemic. We are looking at ways to use our humanitarian aid and civil protection tools to help in the rollout of vaccination campaigns in Africa. Ensuring equitable access to vaccines for vulnerable people, including in hard-to-access areas, is a moral duty. We will build on our valuable experience in delivering humanitarian aid in a challenging environment, for example via the Humanitarian Air Bridge flights.”
Commissioner for International Partnerships, Jutta Urpilainen, added: “Team Europe has stood by the side of our African partners from the onset of the pandemic and will continue to do so. We have already mobilised more than €8 billion to tackle the COVID-19 pandemic in Africa. We are strengthening health systems and preparedness capacities, which is absolutely key to ensure effective vaccination campaigns. And we are now exploring support through the new NDICI and how to leverage investments in the local production capacities through the External Action Guarantee.”
The EU also has a range of instruments at its disposal, such as the EU Humanitarian Air bridge, the EU Civil Protection Mechanism, and the EU’s humanitarian budget. These tools have been used extensively in the context of COVID-19 to deliver crucial material and logistical assistance to partners in Africa.
The Commission is also currently exploring opportunities to support African countries in the medium term to establish local or regional production capacity of health products, in particular vaccines and protective equipment. This support will come under the new Neighbourhood, Development and International Cooperation Instrument (NDICI) and the European Fund for Sustainable Development plus (EFSD+).
The EU has been scaling up its humanitarian engagement in Africa since the onset COVID-19 crisis. A key of part of these efforts is the EU Humanitarian Air Bridge, which is an integrated set of services enabling the delivery of humanitarian assistance to countries affected by the coronavirus pandemic. The air bridge carries medical equipment, and humanitarian cargo and staff, providing humanitarian assistance for the most vulnerable populations where the pandemic imposes constraints on transport and logistics. The air bridge flights are fully funded by the EU. So far, almost 70 flights have delivered over 1,150 tons of medical equipment as well as nearly 1,700 medical and humanitarian staff and other passengers. Flights to Africa have aided the African Union, Burkina Faso, Central African Republic, Chad, Côte d’Ivoire, Democratic Republic of Congo, Guinea Bissau, Nigeria, São Tomé and Príncipe, Somalia, South Sudan, Sudan.
20th International Economic Forum on Africa
The global economic recession triggered by COVID-19 is hitting African countries hard. In 2020, 41 African economies experienced a decline in their gross domestic product (GDP). Although situations vary across the continent, this crisis has made clear that post-COVID strategies need to tackle two major obstacles to Africa’s long-term sustainable growth: dependence on external markets, and the incapacity of the formal economic sectors to create enough quality jobs.
The African Continental Free Trade Area (AfCFTA), now open for business, provides a platform to accelerate productive transformation, create regional value chains and spur continental integration. Its effective implementation, however, depends on African economies’ capacity to create fiscal space and boost private investment in quality infrastructure and sustainable projects.
What are the key priorities for implementing the AfCFTA and accelerating Africa’s productive transformation? How can African governments strengthen their borrowing capacity and improve their debt management? How can bilateral and multilateral co-operation facilitate the process? The 2021 edition of the Forum will gather all key actors to share their views and solutions for action.
The Forum hosts Europe’s largest annual conversation on Africa’s ongoing, formidable transformation. It invites African and OECD policy makers, investors, academics, civil society and international organisations to share their views, and discuss how better policies can improve development outcomes for Africans and the world.
To host the Forum, the Government of Senegal, is teaming up with the Development Centre of the Organisation for Economic Co-operation and Development; and the African Union, along with partners Casa Africa, le Cercle des Economistes, the French Development Agency (AFD) and the Sahel and West Africa Club (SWAC).
The debates will build on the findings of the recently launched Africa’s Development Dynamics 2021, a report by the African Union Commission, produced in collaboration with the OECD Development Centre.
Honourable speakers include:
- Macky Sall, President of the Republic of Senegal
- Andry Rajoelina, President of the Republic of Madagascar
- Toshimitsu Motegi, Minister for Foreign Affairs of Japan
- Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development
- Moussa Faki Mahamat, President, African Union Commission
- Ibrahim A. Mayaki, Chief Executive Officer, African Union Development Agency (AUDA/NEPAD)
- Arkebe Oqubay, Senior Minister and Special Adviser to the Prime Minister of Ethiopia
- Wamkele Mene, Secretary-General, AfCFTA Secretariat
- Jean Hervé Lorenzi, President, Cercle des Economistes
- Rémy Rioux, Director-General, Agence Française de Développement
Reversing the Impact of the Pandemic on Female Workers in Latin America
Working women in Latin America and the Caribbean were disproportionately affected by the Covid-19 pandemic compared to men. This fact...
Chinese Diplomacy: Xi’s “Twin” Victory over Biden, Modi?
On China, the US public stands apart and India’s Hindu majority population is described by Beijing as “self-deceptive.” In the...
Zangazur corridor will stimulate regional cooperation
The trilateral declaration signed between the Presidents of the Russian Federation and Azerbaijan and the Prime Minister of Armenia on...
Smarter Food Policy Could Boost Health and Economic Recovery of Asian Cities
Across the world, the COVID-19 pandemic has highlighted the critical importance of reliable food systems that provide healthy and affordable...
Calibrating Vietnam’s role in ASEAN in 2021
Vietnam handed over the ASEAN chairmanship baton to Brunei in November 2020, but at the same time also handed over...
Nearly 350 Million Children Lack Quality Childcare in the World
More than 40 percent of all children below primary-school age – or nearly 350 million – need childcare but do...
Mozambique: Growth Expected to Rebound by 2022
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path...
Americas3 days ago
Witnessing Social Racism And Domestic Terrorism In Democratic America
Green Planet2 days ago
The global plastic problem
Middle East3 days ago
China in the Middle East: Stepping up to the plate
Reports3 days ago
Sustainable infrastructure can drive development and COVID-19 recovery
Africa2 days ago
South Sudan’s transition from conflict to recovery ‘inching forward’
EU Politics3 days ago
Europe Future Neighbourhood – Disruptions, Recalibration, Continuity
Americas2 days ago
Implications of Right-Wing Politics in United States
Finance3 days ago
Innovative finance mechanism to support Uruguay’s energy transition