24.02.2021 Views

African Business 2021

The 2021 edition of African Business is the second issue of this useful guide to business and investment on the continent. The positive reception accorded the inaugural edition in 2020 was encouraging and we are optimistic that this publication and future issues will continue to meet the need for timely and relevant information in an exciting time for African business. African Business 2021 has articles on recent trends plus overviews of the key economic sectors on the continent and regional and country profiles. There is an in-depth analysis of the implications for trade on the continent of the introduction of the African Continental Free Trade Area agreement (AfCFTA) and an article on the growth and importance of exploration for minerals, gas and oil. Namibia and Botswana feature in an article on how cooperation can drive economic growth and an opinion piece focusses on the role that digital technology can play not only in the financial sector, but in the driving progress in a broader sense. Global African 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: https://www.globalafricanetwork.com

The 2021 edition of African Business is the second issue of this useful guide to business and investment on the continent. The positive reception accorded the inaugural edition in 2020 was encouraging and we are optimistic that this publication and future issues will continue to meet the need for timely and relevant information in an exciting time for African business.

African Business 2021 has articles on recent trends plus overviews of the key economic sectors on the continent and regional and country profiles. There is an in-depth analysis of the implications for trade on the continent of the introduction of the African Continental Free Trade Area agreement (AfCFTA) and an article on the growth and importance of exploration for minerals, gas and oil.

Namibia and Botswana feature in an article on how cooperation can drive economic growth and an opinion piece focusses on the role that digital technology can play not only in the financial sector, but in the driving progress in a broader sense.

Global African 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: https://www.globalafricanetwork.com

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

SPECIAL FEATURE<br />

Neighbours working together<br />

for growth<br />

A bridge is being built between Botswana and Namibia.<br />

Namdock’s repair facility at Walvis Bay. Credit: Namdock<br />

A<br />

new bridge over the Okavango River<br />

neatly symbolises increased ties<br />

between Botswana and Namibia,<br />

neighbours within the Southern<br />

<strong>African</strong> Development Community (SADC),<br />

but the two countries are cooperating on a<br />

range of other initiatives as well.<br />

The bridge at Mohembo in the north-west<br />

of Botswana will facilitate better access to the<br />

Caprivi Strip in Namibia. An Italian joint venture<br />

between Itinera SPA and Cimolai was appointed<br />

by Botswana’s Ministry of Finance and Economic<br />

Development and is expected to be completed<br />

in May <strong>2021</strong>. CPP Botswana is consulting on the<br />

project. Sectors that are expected to benefit<br />

include tourism, agriculture, manufacturing and<br />

the film industry.<br />

The two countries are also discussing the<br />

possibility of jointly building solar power projects<br />

with a view to supplying their own markets and<br />

exporting into Southern Africa. This project is<br />

backed by Power Africa, a USAID initiative that<br />

works to bring together state and private actors<br />

to add more than 30 000MW to the continent’s<br />

capacity. Botswana is reliant on coal-fired power<br />

stations and Namibia currently imports more than<br />

60% of its electricity requirements.<br />

Botswana has plans for new thermal and solar<br />

plants which it will develop independently to<br />

become self-sufficient in energy. Diversification<br />

is an important part of the plan although the<br />

country still has vast reserves of coal, estimated<br />

to be 200-billion tons. The state-owned Botswana<br />

Power Corporation (BPC) will retain distribution<br />

rights to electricity, but licences have been granted<br />

to three private power producers for 827MW.<br />

Four wind farms in the Tsau/Khaeb National<br />

Park in Namibia will help to wean the country off<br />

foreign supply of energy. State-owned NamPower<br />

is building two farms which will generate 90MW.<br />

AFRICAN BUSINESS <strong>2021</strong><br />

26

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!