African Business 2020 edition
A unique guide to business and investment in Africa. Global Africa Network is proud to launch this inaugural edition of African Business 2020 at a time of energetic planning for a prosperous future for the continent. The African Union’s Agenda 2063 is much more than a document about a hoped-for future, it contains concrete goals and deliverables. The Programme for Infrastructure Development in Africa (PIDA) and the development finance institution, the African Development Bank (AfDB) are already rolling out valuable projects that are changing the reality on the ground in vital areas of the African economy. Perhaps the most significant event of recent times is the signing by African leaders of the African Continental Free Trade Area agreement (AfCFTA) which will bring together all 55 member states of the African Union and cover a market of more than 1.2-billion people. African Business 2020 has articles on all of these recent trends, plus overviews of the key economic sectors and regional and country profiles. In 2019 Ethiopian Prime Minister Abiy Ahmed received the Nobel Peace Prize for peace-making efforts in his region. The economic dividends of peace are beginning to be felt. In 2020 South African President Cyril Ramaphosa assumed the mantle of AU Chairperson. He brings to the role considerable experience in conflict management, constitution-writing and seeking consensus. Global Africa Network is a proudly African company which has been producing region-specific business and investment guides since 2004, including South African Business and Nigerian Business, in addition to its online investment promotion platform www.globalafricanetwork.com
A unique guide to business and investment in Africa.
Global Africa Network is proud to launch this inaugural edition of African Business 2020 at a time of energetic planning for a prosperous future for the continent.
The African Union’s Agenda 2063 is much more than a document about a hoped-for future, it contains concrete goals and deliverables. The Programme for Infrastructure Development in Africa (PIDA) and the development finance institution, the African Development Bank (AfDB) are already rolling out valuable projects that are changing the reality on the ground in vital areas of the African economy.
Perhaps the most significant event of recent times is the signing by African leaders of the African Continental Free Trade Area agreement (AfCFTA) which will bring together all 55 member states of the African Union and cover a market of more than 1.2-billion people. African Business 2020 has articles on all of these recent trends, plus overviews of the key economic sectors and regional and country profiles. In 2019 Ethiopian Prime Minister Abiy Ahmed received the Nobel Peace Prize for peace-making efforts in his region. The economic dividends of peace are beginning to be felt. In 2020 South African President Cyril Ramaphosa assumed the mantle of AU Chairperson. He brings to the role considerable experience in conflict management, constitution-writing and seeking consensus.
Global Africa Network is a proudly African company which has been producing region-specific business and investment guides since 2004, including South African Business and Nigerian Business, in addition to its online investment promotion platform www.globalafricanetwork.com
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OVERVIEW<br />
Energy<br />
Africa’s development depends on a power revolution.<br />
At a World Economic Forum on Africa, former United Nations<br />
Under-Secretary-General Kandeh Kolleh Yumkella,<br />
said, “Without access to affordable, reliable, sustainable<br />
energy, Africa cannot really take advantage of the Fourth<br />
Industrial Revolution.”<br />
The Sierra Leonean was also the chief executive officer of the<br />
Sustainable Energy for All Initiative, which aims for faster action<br />
towards the Sustainable Development Goal which calls for universal<br />
access to sustainable energy by 2030. Yumkella urged <strong>African</strong> leaders<br />
to do in energy what was successfully done in the mobile telephony<br />
sector – deregulate, privatise and incentivise.<br />
Africa had installed capacity of 96GW in 2015 and 600-million<br />
of its citizens do not have access to electricity. Sub-Saharan Africa’s<br />
Sector Insight<br />
Commodity traders are<br />
looking for opportunities<br />
in power.<br />
electrification rate is 32%<br />
(<strong>African</strong> Development Bank,<br />
AfDB).<br />
Although all infrastructure<br />
sectors need funding, the energy<br />
sector is where Africa has the most<br />
catching up to do. In response to<br />
AFRICAN BUSINESS <strong>2020</strong><br />
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