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Gas, Private Sector and Free Market Investments Crucial for South Africa to Address Electricity Crisis

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African Energy Chamber

The African Energy Chamber believes increased focus on gas development and exploitation as well as private sector participation in the energy sector is crucial for South Africa to address its electricity crisis

JOHANNESBURG, South Africa, February 10, 2023/APO Group/ — 

South African President H.E Cyril Ramaphosa has declared a National State of Disaster over the Southern African country’s electricity crisis during the State of the Nation Address held in Cape Town on February 9.

Measures set to be introduced to reform the electricity crisis during the National State of Disaster will include the introduction of a new Ministry of Electricity in the Presidency to oversee the revitalization of Eskom’s operations and the country’s generation capacity.

The African Energy Chamber (AEC) (www.EnergyChamber.org), as the voice of the African energy sector, supports the President’s commitment to address the country’s electricity crisis but massive reforms from an investment and policy perspective need to be implemented to restore confidence among local, regional and global businesses for them to invest in the country’s energy sector.

With consumers in Africa’s third-largest, most industrialized and technologically advanced economy witnessing more than eight hours of blackouts per day, the AEC strongly recommends President Ramaphosa and the South African Government to accelerate the country’s gas agenda, as both a short- and long-term strategy to alleviate the looming electricity crisis.

South Africa’s gas reserves are immense and remain untapped, with massive discoveries including TotalEnergies’ Brulpadda and Luiperd prospects containing combined reserves of 3.4 trillion cubic feet of gas and 192 million barrels of gas condensate. With TotalEnergies having applied for a production license to develop gas fields offshore South Africa, the Chamber is calling for the government to fast-track the permit approval and kickstart the country’s journey towards energy resilience and security.

Massive projects such as Gigajoule’s $550-million Matola Liquefied Natural Gas Project in Mozambique, which will supply South Africa with gas; the 865-km Rompco Gas Pipeline from Mozambique to South Africa; and Renergen’s Virginia LNG project in South Africa are crucial and need to be fast-tracked.

More oil and gas exploration, development and exploitation remains key if South Africa is to achieve energy security and economic growth

Meanwhile, capital spending in global upstream oil and gas projects will record a 10% increase in 2023 compared to 2022 levels, according to Wood Mackenzie. The sizable potential of new and large-scale gas discoveries across South Africa’s hydrocarbon-rich Orange Basin presents an ideal opportunity for the country to capitalize on this investment momentum and attract interest from international explorers.

While the so-called environmental lobbyists try to block efforts by Shell to unlock South Africa’s upstream potential, the AEC believes more oil and gas exploration is key to ending the electricity crisis, and as such, is strongly advocating for South Africa to create an enabling environment for more oil and gas exploration to take place.

Furthermore, while South Africa has been proficient at leveraging private-public sector partnerships to date, now more than ever is the time for the government to drive more private sector participation in the financing, development and rollout of domestic gas infrastructure – both to facilitate LNG imports from neighboring producers like Mozambique, Equatorial Guinea and the Republic of the Congo, as well as harness its own reserves. The Chamber believes free markets and private sector investments are vital to address the South African energy crisis.

While the impacts of the electricity crisis are significant, with the South African economy losing up to R900 million per day due to load shedding, coal has a crucial role to play in stabilizing the country’s energy sector and business environment. We believe more coal power generation and the rejuvenation of existing coal facilities, while accelerating renewable energy deployment, is essential to end the electricity crisis.

“South Africa should be careful about demonizing its domestic oil and gas resources. The war against fossil fuels needs to come to an end if we are to address South Africa’s electricity crisis. More oil and gas exploration, development and exploitation remains key if South Africa is to achieve energy security and economic growth. Government should fast track permit approvals for more drilling, seismic surveys, pipeline developments, as well as for new LNG terminals to be constructed,” stated NJ Ayuk, the Executive Chairman of the AEC.

In this regard, with African energy stakeholders meeting with European investors at the upcoming Invest in African Energy Frankfurt Reception (https://apo-opa.info/3xceQcJ) – organized by the AEC and taking place at Frankfurter Botschaft in Germany on February 23 – South Africa’s energy policymakers, investors and project developers will have a strategic opportunity to showcase the country’s gas market potential.

Moreover, South Africa will host the African Energy Week 2023 Conference & Exhibition (www.AECWeek.com) – Africa’s premier event for the energy sector, taking place on October 16 – 20 in Cape Town – which will unite regional and global energy leaders, decision-makers and financiers to explore investment opportunities across the country’s entire natural gas value chain.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Afreximbank Backs DOTT Services Limited, Uganda with a US$28 Million Facility for Regional Engineering, Procurement and Construction (EPC) Projects

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The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains

CAIRO, Egypt, November 4, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has activated and approved a US$28 million dual-tranche facility for DOTT Services Limited, the leading Uganda-based engineering, procurement and construction (EPC) contractor, and has begun disbursing funds to support the execution of its EPC projects pipeline, valued at more than US$550 million.

 




 
 

Provided under Afreximbank’s EPC Contract Promotion Initiative, the facility is designed to strengthen the capacity of African EPC champions to secure and execute large-scale infrastructure projects across the continent. Specifically, the financing will support DOTT Services Limited in executing contracts and pursuing near-term opportunities valued at approximately US$550 million across Uganda, Tanzania, Kenya and the Democratic Republic of Congo.

Commenting on the transaction, Mr. Humphrey Nwugo, Director of Regional Operations at Afreximbank’s Eastern Africa office, said:

Through the initiative, the Bank provides support, including financing, twinning and matchmaking

“This facility reflects Afreximbank’s commitment to building strong African EPC champions capable of delivering the infrastructure that underpins Africa’s industrialisation, trade and economic integration. By supporting DOTT Services Ltd, a well-established regional contractor with operations across five African countries, we are addressing a critical financing gap that has historically constrained the ability of African firms to participate meaningfully in large-scale, cross-border infrastructure projects.

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains. It also advances Afreximbank’s EPC Contract Promotion Initiative, which seeks to increase African participation in the development and delivery of Africa’s infrastructure.

Through partnerships such as this, we are ensuring that greater value, expertise, employment opportunities and economic benefits are retained within Africa while fostering the emergence of globally competitive African contractors.”

Mr. Nwugo further noted that most local commercial banks lacked the capacity to support intra-African and regional projects because they were poorly placed to absorb the associated cross-border risks, while international banks tended to prioritise non-African contractors. As a result, African entities were often left without adequate financial support.

He said: “Afreximbank’s EPC Initiative was therefore designed to address this challenge by supporting African EPC contractors in securing and executing a greater share of infrastructure contracts across the continent. Through the initiative, the Bank provides support, including financing, twinning and matchmaking, as well as issuing letters of support, among others”, he explained.

DOTT Services Limited presence in Africa spans 28-years, with operations in Uganda, Tanzania, South Sudan, Zambia, and the Democratic Republic of Congo (DR Congo). It also has European offices in Italy and the UK, and a workforce of over 6,000 people. The company procures from, and distributes to, African countries goods such as bitumen, asphalt, steel and spare parts, as well as yellow goods equipment and services, making it a significant player in intra-African trade. Its track record of promoting trade-supporting infrastructure across the continent makes it a natural partner for Afreximbank’s EPC Contract Promotion Initiative, which seeks to build African EPC champions capable of delivering the infrastructure that underpins intra-African trade.

Distributed by APO Group on behalf of Afreximbank.

 

 




 

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Coca-Cola Beverages Africa (CCBA) invests in Africa’s leadership potential through EDGE

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Coca-Cola

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business

JOHANNESBURG, South Africa, November 4, 2026/APO Group/ –Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) (https://www.CCBAgroup.com) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort.

 




 
 

Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from The Coca-Cola Company, the programme was further expanded in 2026 to include leaders from Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, creating a broader pan-African learning experience across the Coca-Cola system.

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business.

The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system

The graduating cohort represented leaders from multiple countries and business functions. Through classroom learning, business projects, mentoring and coaching, participants gained practical experience in addressing real business opportunities and challenges.

With CCBA serving more than 840,000 customers across Africa, the company requires leaders who can navigate complexity and create value in diverse markets. EDGE helps build these capabilities through practical, business-focused learning.

“People are at the heart of everything we do, and programmes like EDGE demonstrate our commitment to investing in their growth and future success,” said Natasa Prodanovic, Chief People and Culture Officer at CCBA.

“The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system. By learning alongside colleagues from The Coca-Cola Company, Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, participants were able to build meaningful connections, share diverse perspectives and strengthen collaboration across our markets.”

The curriculum focused on strategy, value creation, transformation, commercial decision-making, leading self and leading teams. Participants also presented business projects aligned to organisational priorities as part of the programme’s graduation requirements.

EDGE forms part of CCBA’s broader commitment to developing future leaders and building the capabilities needed to drive sustainable growth and impact across Africa.

Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

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Afreximbank

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped

ST. JOHN’S, Antigua and Barbuda, November 3, 2026/APO Group/ –Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda.

 




  

The report, Reshaping Africa-Caribbean Trade: Opportunities for Economic Transformation, (https://apo-opa.co/4eiz62u) finds that while Africa and the Caribbean share deep historical and cultural links, trade between the two regions continues to represent only a small share of each region’s overall trade, despite complementarities across sectors ranging from agribusiness and manufacturing to services and the creative economy.

A look at the numbers

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped, with are significant opportunities for export growth if trade and investment is actively promoted and facilitated.

Africa and the Caribbean must transform a shared history into shared prosperity

Caribbean export potential lies in the services sector, reaching $481 million. The report identifies business opportunities across several priority sectors, including processed food and animal feed, chemicals, minerals and metals, apparel and textiles, leather and footwear, tourism, transport services and creative industries.

These findings – and more – are based on trade and export potential analysis, detailed sector assessments and a survey of 1,175 businesses and business support organizations across Africa and the Caribbean.

Tapping into priority sectors

ITC Executive Director Pamela Coke-Hamilton (https://apo-opa.co/3WHHZMU), in launching the report, said: ‘At a time of major shifts in global trade, countries need to strengthen regional ties and invest in value addition, to build resilience. We know the major trade opportunities between Africa and the Caribbean – and now we can focus on helping businesses take advantage of those opportunities through better market intelligence, improved logistics and greater access to finance.’

Commenting on the report, Denys Denya, Senior Executive Vice President at Afreximbank, said: ‘Africa and the Caribbean must transform a shared history into shared prosperity. With our CARICOM office in Barbados, about $1 billion in approved transactions and a $5 billion regional financing commitment, Afreximbank is advancing this vision through financing, deposit mobilization under CENDEP, business links through the annual Afri-Caribbean Trade and Investment Forum, local-currency payments through CAPSS and creative-industry collaboration through CANEX. This report offers a practical roadmap to turn untapped potential into bankable opportunities across agribusiness, manufacturing, tourism and the creative economy. Through targeted financing, stronger transport and logistics links and strategic partnerships, we can build a Global Africa connected by heritage, trade, investment and shared opportunity.’

The report finds that businesses continue to face significant challenges, including high transport costs, limited direct shipping links, regulatory barriers, limited access to finance and difficulties in identifying trusted commercial partners. It highlights that future economic cooperation should extend beyond traditional trade in goods, including through joint investment ventures, digital services, creative industries and tourism. It also calls for targeted action to improve market intelligence and business matchmaking; expand access to trade finance and payment solutions; strengthen transport and logistics connectivity; support sector-specific value chain development; improve regulatory cooperation and market access; and foster stronger partnerships among business support organizations.

Read the full report HERE (https://apo-opa.co/4exHBH9)

Distributed by APO Group on behalf of Afreximbank.

 




 

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