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A Critical Baseload Power Source: African Energy Week (AEW) 2023 to Explore the Role of Coal in Africa

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renewable energy

As the world transitions to renewable energy sources, an immediate shift away from coal will cause detrimental impacts on Africa’s economies

JOHANNESBURG, South Africa, July 4, 2023/APO Group/ — 

While developed nations are calling for an immediate (and unrealistic) shift to a renewable energy future, African governments and stakeholders continue to work towards making energy poverty history across the continent. With over 600 million people living without access to electricity and over 900 million without access to clean cooking solutions, abandoning coal and its associated power generation infrastructure will cause detrimental impacts on African society while reversing any meaningful progress made to develop African economies.

Coal has long-played an important role in the energy mix of various African countries. Serving as an important baseload power source, sizeable domestic deposits and growing regional demand have led to countries such as South Africa, Zimbabwe, Botswana and more turning to coal to fuel economic growth and resilience. Coal itself represented 28% of Africa’s total electricity generated in 2021. Despite this, coal remains a highly controversial topic, with global stakeholders criminalizing the resources despite the crucial role it plays in powering economies.

Even in the face of a global energy crisis, developed countries in Europe – despite pressuring African states to abandon the resource ­– also turned to coal to power their economies, a testament to its significance, even in the energy transition climate. Germany, for example –representing the eight biggest coal producer and fourth biggest consumer globally ­– increased its coal imports by 12% last year in the face of the Russian-Ukraine conflict. In the same year, the UK approved the first new coal mine in nearly 30 years. However, these same countries state that coal has no future in Africa.

During AEW 2023, we will host a discussion on the role of coal in Africa and look forward to the various insights which will be provided

Africa does not have the privilege to simply abandon coal. The resource serves as one of the biggest baseload power sources for a number of countries continent-wide, and abandoning this source would result in no available energy to power healthcare, education, business, transport, and every other sector of the economy. South Africa, for example, relies on coal for 80% of its energy needs. Even though this reliance is expected to decrease as other power alternatives come online, by 2030, the resource will still account for 65% of the energy mix. Facing infrastructure breakdowns due to lack of investment in coal-power stations, South Africa now experiences blackouts of more than ten hours a day, a tragic situation given the 53 billion tons of coal reserves available in the country. Notwithstanding power supply, the coal industry employed over 93,000 people and contributed R480 billion to South Africa’s GDP in 2021. Abandoning coal would not only remove a viable power supply but worsen unemployment rates and stifle economic progress.

In neighboring countries this scenario is remarkably similar. Botswana relies on coal for 80% of its power needs while coal makes up 29% of Zimbabwe’s energy mix, a figure expected to increase as hydropower becomes increasingly unreliable. What kind of future, therefore, can we imagine if we abandon this resource?

Organization’s such as the World Coal Association recognize the role the resource plays in electrifying and industrializing economies. Committed to shaping a sustainable future for coal, the organization is spearheading various initiatives that aim to advance innovations in technology and sustainable coal practices. For Africa, these initiatives will be key for helping countries utilize coal in a sustainable manner.

During the continent’s premier event for the energy sector, African Energy Week (AEW) – taking place from October 16-20 this year in Cape Town – a panel discussion will explore the critical role coal continues to play in powering Africa’s economies. The session will be led by experts from across the regional and global energy sectors and will provide insight into the benefits of the resources, the measures being undertaken to promote sustainability and what the future for coal-fired power generations looks like in Africa.

“What the world is failing to understand, is that coal represents a vital part of Africa’s energy mix. If we were to abandon coal, countries such as South Africa, Zimbabwe, Zambia, Botswana and many others would be left in the dark, with no energy to power industry, provide electricity and support the economy. Access to energy is a human right: eliminating coal from Africa’s energy mix is infringing on that very right. The Chamber will continue to advocate for the role of coal in Africa. Yes, we understand that in order to protect the climate we need to transition to cleaner energy sources. But this transition must be strategic, gradual and take into consideration the needs of the economy. During AEW 2023, we will host a discussion on the role of coal in Africa and look forward to the various insights which will be provided,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).

AEW is the AEC’s annual energy event uniting African policymakers with global investors to discuss the future of Africa’s energy sector. This year’s edition takes place under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets,’ and features a strong lineup of speakers from across the African and global energy landscape. For more information about attendance, sponsorship and partnership opportunities, visit www.AECWeek.com

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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