Investments & Projects

According to relevant research, there are 2,599 foreign direct investments (FDI) by South African companies in other parts of the African continent.

South Africa has supported large-scale expansion of nuclear power to meet its growing demand for clean energy, but by 2018, rising nuclear power costs have led to changes in its policies.

Egypt expects that the 1.6 GW solar park under construction in the south of the country will be fully operational in 2019.

Although Morocco's trade links with Europe have been around for decades, Moroccan companies have limited ability to compete with European companies. However, the fast-growing West African economies offer enormous opportunities for Moroccan companies.

Kenya's renewable energy sector has been approved by the World Bank to provide Kenya Electricity Generating Company (KenGen) with up to $180 million in risk guarantees to attract long-term funding for its renewable energy development projects.

It is reported that the two Chinese companies have reached an agreement with the Ethiopian government to invest 2 billion US dollars in processing Ethiopian bamboo and produce paper products for the local and export markets.

Botswana worked with the World Bank to develop a renewable energy strategy that would enable the country to be more independent of energy supply.

According to the United Nations, Cairo in Egypt, Kinshasa in the Democratic Republic of the Congo and Lagos in Nigeria are already megacities, while Luanda in Angola, Dar es Salaam in Tanzania and Johannesburg in South Africa will attain the status in 2030.

The Ethiopian Sugar Development Corporation (ESDC) has awarded a USD 95 million contract for China CAMC Engineering Co. Ltd (CAMCE) – a Chinese construction firm - to undertake the construction of the unfinished Tana Beles-I sugar plant project, The Reporter has learnt.