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Grain under pressure: the Bunge – Viterra merger could cost farmers and consumers $2,5 billion a year

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Bunge

The merger of Bunge and Viterra in one of the world’s most competitive agricultural markets

CAPE TOWN, South Africa, September 12, 2025/APO Group/ —Researchers warn of critical losses for grain producers and price increases for consumers worldwide. According to the study “From Farm to Futures: Competition, Financialization, and Digitalization in Global Grain Value Chains” prepared by a group of experts, total losses are estimated at no less than $2.5 billion per year for the main BRICS grain exporters (www.BRICSCompetition.org).

The research findings were presented by the HSE BRICS Competition Law and Policy Centre during the 9th BRICS International Competition Conference held in Cape Town. The study offers an innovative approach to analysis from the perspective of global processes. Traditional antitrust analysis of the grain market has focused primarily on horizontal competition—interaction at the same level of the supply chain. However, to gain a deeper understanding of market dynamics in the BRICS countries, an analysis of vertical competition is being conducted, which involves examining the relationships between different levels of the supply chain, including producers, traders, infrastructure operators, and financial intermediaries—from the field and port to the consumer. Researchers are paying particular attention to the activities of global grain traders through the prism of the economic and technological changes that markets are undergoing today.

According to the authors of the study, the global grain market has long been controlled by an oligopoly of major agricultural traders known as ABCD+ (ADM, Bunge, Cargill, Louis Dreyfus Company + COFCO, Olam, etc.). This concentration of market power, as well as certain structural features of this market, make it vulnerable to price fluctuations and various types of speculative behavior, which negatively affects both grain producers and consumers.

The merger of Bunge and Viterra in one of the world’s most competitive agricultural markets—Canada—has created an empirically sound precedent for assessing the global risks of the new deal. An antitrust investigation conducted in Canada found that the consolidation of control over grain transshipment rates in Vancouver led to a 15% increase in the cost of grain passing through this hub, or a loss of $412 million annually for shipping producers. It is important to note that this is a non-market price increase. A 15% “monopoly markup” on logistics and trading, applied to 20% of the volume, could cost Russia and Brazil an additional $2.5 billion per year.

In addition, the study highlights several key trends that are currently having a direct impact on farmers, consumers and the grain trade worldwide.  Firstly, there is financialisation, i.e. the close integration of financial and trading infrastructure. Secondly, traders’ financial activity is made possible by information asymmetry access to exclusive data that other market participants do not have. Thirdly, there is a new type of interaction co-opetition (cooperation in a competitive environment). Despite the struggle for profit and market share, traders jointly invest in infrastructure and coordinate control of supply chains. The report presents for the first time unique schemes of corporate relations and the participation of strategic investors in the structure of ABCD+ traders’ work and management. In addition, digital platforms such as Covantis and TRACT are already helping ABCD+ traders coordinate economic activity and limit competition from national and regional players often outside the purview of BRICS antitrust authorities.

Researchers suggest that BRICS antitrust authorities could conduct their own large-scale market analysis and use it as a basis for developing coordinated antitrust response measures. Among such measures are structural prescriptions. First and foremost, the report proposes involving the antitrust regulators of the BRICS countries in the design of the BRICS Grain Exchange as a single platform where pricing will be more transparent and, most importantly, hedging mechanisms will be more transparent. The grain exchange has already been initiated by the leaders of the BRICS countries, and if implemented correctly, it could be a step towards reducing price volatility, increasing pricing transparency, and improving the quality of market competition in the global grain market.

Distributed by APO Group on behalf of BRICS Competition Law and Policy Centre.

Business

Utilities urged to close the performance gap in smart meter programmes

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performance

Improved revenue collection, accurate billing and clearer visibility of consumption remain persistent challenges for organisations that have invested in smart metering infrastructure

CAPE TOWN, South Africa, May 12, 2026/APO Group/ –Smart meters have already been deployed across many utilities and municipalities, yet the expected returns are still not being fully realised.

 

Improved revenue collection, accurate billing and clearer visibility of consumption remain persistent challenges for organisations that have invested in smart metering infrastructure.

To address this gap, ESI Africa, part of VUKA Group, and GridLens Energy will host a live webinar titled “Maximising smart meter returns” on Tuesday, 2 June 2026 from 14:00 to 15:00 SAST.

The webinar will take a practical look at where smart metering programmes underperform after deployment and what utilities, municipalities and energy users can do to improve outcomes from systems already in place.

Across the sector, common challenges include underutilised data, poor system integration, revenue leakage, billing inaccuracies and limited operational visibility. For many organisations, the issue is not whether to invest in smart metering, but how to extract measurable performance from the investment already made.

The session will bring together experts from GridLens Energy, Drakenstein Municipality and eThekwini Municipality to unpack the technical, financial and operational barriers that prevent smart metering programmes from delivering their full value.

Webinar details

Title: Maximising smart meter returns
Date: Tuesday, 2 June 2026
Time: 14:00 to 15:00 SAST
Registration: https://apo-opa.co/4dCRUcD

Expert speakers

  • Carson Dean, Founder, GridLens Energy
  • Hilton Smith, Chief Accountant: Water and Electricity Billing, Drakenstein Municipality, South Africa
  • Sindisiwe Shozi, Chief Engineer, eThekwini Municipality, South Africa

Key discussion points will include:

  • Why smart meter programmes often fail to deliver expected returns
  • Where value is lost across data, systems and operations
  • How to improve billing accuracy and reduce revenue leakage
  • The role of integration and interoperability in improving performance
  • Practical approaches to extracting more value from existing deployments

The webinar is designed for utilities, municipalities, metering teams, billing departments, revenue managers, infrastructure decision-makers, large commercial and industrial energy users, technology providers and system integrators.

Smart metering investment has already been made. The priority now is performance.

Register for the webinar here:
https://apo-opa.co/4dCRUcD

Distributed by APO Group on behalf of VUKA Group.

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Energy

Global Energy Bodies Converge at African Energy Week (AEW) 2026 to Shape the Continent’s Energy Future

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African Energy Chamber

From electrification to refining resilience and exploration strategy, leading international alliances will bring a systems-level approach to Africa’s evolving energy landscape at African Energy Week 2026

CAPE TOWN, South Africa, May 11, 2026/APO Group/ –As Africa accelerates efforts to balance energy security, industrial growth and decarbonization, African Energy Week (AEW) 2026 will convene a powerful cohort of global associations whose work is increasingly defining the trajectory of the continent’s energy systems. The participation of Nikki Martin, President & CEO of EnerGeo Alliance; Anibor Kragha, Executive Secretary of the African Refiners & Distributors Association (ARDA); and Carol Koech, Vice President for Africa at the Global Energy Alliance for People and Planet (GEAPP), signals a shift toward deeper coordination across the full energy value chain – from subsurface data and upstream investment to downstream infrastructure and universal energy access.

 

EnerGeo Alliance, under Martin’s leadership, has been advancing the role of geoscience and data-driven exploration in de-risking investments across frontier markets. Its recent strategic engagements, including partnerships supporting renewed exploration activity in countries such as Libya, reflect a broader push to bring technical rigor and investor confidence back into African upstream sectors. By strengthening the link between subsurface intelligence and policy decisions, EnerGeo is helping governments position their resources more competitively in a capital-constrained global market.

 

Complementing this upstream focus, ARDA has been at the forefront of reinforcing Africa’s downstream resilience. At its 2026 annual conference, the association underscored energy security as a top priority, with refiners across the continent moving to shield themselves from global market volatility and supply disruptions. This comes as Africa continues to expand refining capacity and reduce dependence on imported petroleum products, a shift that is critical not only for economic sovereignty but also for stabilizing domestic energy markets. ARDA’s work increasingly intersects with broader industrialization goals, positioning refining and distribution networks as key enablers of growth.

 

The participation of organizations like EnerGeo Alliance, ARDA and GEAPP reflects the increasing alignment we are seeing across the global energy landscape

Bridging these traditional energy systems with the continent’s long-term transition ambitions is GEAPP, where Koech leads the organization’s Africa strategy. The alliance has rapidly emerged as a central force in mobilizing blended finance for large-scale electrification and renewable deployment. In 2026, GEAPP and its partners surpassed $100 million in commitments to support Mission 300 – an initiative aimed at connecting 300 million Africans to electricity by 2030 – while simultaneously working to unlock far greater flows of public and private capital. Through technical assistance, project development and market-shaping interventions, GEAPP is helping translate high-level ambition into bankable projects across nearly two dozen countries.

 

“African Energy Week has always been about bringing together the right partners at the right time,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The participation of organizations like EnerGeo Alliance, ARDA and GEAPP reflects the increasing alignment we are seeing across the global energy landscape. These are institutions that are not only shaping policy and investment, but actively delivering solutions on the ground – and their engagement at AEW 2026 will be instrumental in advancing Africa’s energy ambitions.”

 

As AEW continues to evolve into a platform for integrated energy dialogue, the inclusion of these global associations reinforces its role as a convening point for the partnerships that will define Africa’s next phase of growth. Their participation reflects the growing recognition that Africa’s energy future cannot be addressed through fragmented approaches, but through coordinated action across sectors, institutions and geographies.

Distributed by APO Group on behalf of African Energy Chamber.

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Business

From Megawatt (MW) to Gigawatt (GW): Why Africa Must Think in Grid-Scale Power to Compete in the Artificial Intelligence (AI) Economy

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African Energy Chamber

As AI infrastructure drives power demand into the gigawatt range, Africa must move beyond incremental energy planning – placing grid-scale generation at the center of discussions at African Energy Week 2026’s AI and Data Center Track

CAPE TOWN, South Africa, May 11, 2026/APO Group/ –The rapid expansion of artificial intelligence is fundamentally reshaping global energy demand, with implications that extend well beyond traditional power planning. Nowhere is this more apparent than in the growing energy footprint of data centers. Facilities that once required tens of megawatts are now being developed at 100–200 MW scale, with hyperscale campuses increasingly aggregating demand into the gigawatt range.

 

This shift presents a structural challenge for Africa. While the continent is rich in energy resources, its planning frameworks remain largely oriented around incremental, megawatt-scale additions – often tied to localized demand or short-term capacity gaps. In the context of AI-driven infrastructure, this approach is increasingly misaligned with the scale and concentration of future demand.

Africa’s data center sector, while growing, remains at an early stage. Operational capacity currently stands at approximately 300–400 MW, with projections reaching 1.5–2.2 GW by 2030. At the same time, demand is accelerating rapidly: electricity consumption from data centers is rising at 20–25% annually and is expected to reach around 8,000 GWh in the near term. This growth mirrors a broader global surge, with data center power demand projected to approach 945 TWh by 2030, driven largely by AI workloads.

This is ultimately about aligning Africa’s energy strategy with where global demand is heading

What distinguishes AI-related demand is not only its scale, but its concentration and consistency. Unlike many traditional industrial loads, data centers require uninterrupted, high-quality power, often with built-in redundancy. This places new demands on grid design, prioritizing stability, capacity and long-term scalability over incremental expansion.

Meeting these requirements will require a departure from conventional planning models. Rather than adding capacity in small increments, there is a growing case for developing gigawatt-scale generation aligned with emerging digital infrastructure hubs. This means integrating power generation, transmission and data center development into coordinated investment strategies, particularly in markets with strong resource bases and improving regulatory environments.

It also requires a shift in how excess capacity is viewed. In many African power systems, surplus generation has historically been treated as a financial inefficiency. In the context of AI and digital infrastructure, however, maintaining a margin of available capacity can enhance grid stability, reduce outages and provide the flexibility needed to support rapid load growth, while creating a foundation for broader industrial development.

A useful benchmark can be seen in Northern Virginia, the world’s largest data center market, where installed capacity has now exceeded 4 GW and more than 1 GW of new supply was added in a single year, reflecting the rapid pace at which hyperscale infrastructure is being deployed. Driven by major cloud and AI players, demand has tightened the market significantly, with vacancy rates approaching zero and most new capacity released well in advance. The scale and speed of development highlight how quickly data center demand is expanding – and underscore the level at which infrastructure must be planned.

These dynamics are increasingly shaping the policy conversation. At African Energy Week 2026, the AI and Data Center Track will focus on the infrastructure required to support this transition, with a particular emphasis on aligning energy planning with digital economy objectives. As AI infrastructure scales, reliable and abundant power is no longer a supporting factor, but a prerequisite.

“This is ultimately about aligning Africa’s energy strategy with where global demand is heading,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “If we continue to plan in megawatts, we will struggle to compete in an economy that is already moving at the gigawatt scale. Building larger, more resilient power systems is not just about meeting demand – it is about creating the conditions for investment, innovation and long-term growth.”

Distributed by APO Group on behalf of African Energy Chamber.

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