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Rekindling the Passion and Energy

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New Eskom board chairman Mpho Makwana shared his views on the just transition, securing South Africa’s energy needs, and getting Eskom fired up again

CAPE TOWN, South Africa, October 6, 2022/APO Group/ — 

New Eskom board chairman Mpho Makwana gave an interview on the side-lines of the Green Energy Africa Summit (GEAS) (https://GreenEnergyAfricaSummit.com/) in Cape Town. Speaking only days after the new Eskom board was appointed, he shared his views on the just transition, securing South Africa’s energy needs, and getting Eskom fired up again.

We are speaking on the side-lines of the Green Energy Africa Summit. What are your objectives in coming to the summit, and what is the importance of events like these?

The Green Energy Africa Summit, and similar energy events like Africa Oil Week, are important in terms of connecting the energy-producing economies of the continent with other participants in the global supply chain. Engaging at these events helps us find a common understanding of how to balance the notion of just access with the idea of a just transition. That’s the biggest challenge our continent faces.

It’s important to understand that we only have one planet that is inhabitable for human beings. We are duty bound to figure out how to change our actions to ensure it continues to be habitable for generations to come.

We equally face the challenge that most members of society live in poverty. What is the point of talking about a future green planet where most people will still be poor?

Just-transition mechanisms must be balanced with the idea of “just access”. We need to figure out how to take everybody along so that the poorest of the poor feel like they are a part of this green future in a meaningful way – in terms of jobs, and access to economic opportunities.

Another key insight from this event has been the need to do everything in moderation. We need to ensure we maintain balance, in the spirit of sustainable ESG practices. By way of example, many years ago, Israel looked into wave-power technology. It was a novel idea, but then it became clear that there were other environmental impacts.

Every new idea must be tested against its ESG impacts. Is it sustainable? Will it create new jobs? Will it keep the cost of producing electricity affordable? What it costs to turn a tonne of coal into electricity is already extremely high. As far as possible, we need to work to get Eskom back to the days when it was renowned for producing the cheapest electricity in the world.

There’s something we’ve missed. Because if you inflate the costs of a megawatt of electricity, you are exacerbating the problem of access to electricity. So, we must do everything in moderation as we pursue ESG principles and sustainability.

Events like these also improve Pan-African integration. Integration is improving in Africa, but it is not yet on the same level as Europe, where one can commute across the continent. That level of integration does something remarkable to culture. Your supply chains also begin to cross-pollinate. Events also have economic knock-on effects. The hospitality industry benefits, retail benefits, and it helps to build a sense of pan-African integration.

Finding the ideal energy mix has been a major theme at the Green Energy Africa Summit. What is the ideal energy mix for Eskom? South Africa is suffering major energy shortages and regular load-shedding. How do you see Eskom meeting our growing energy needs going forward?

Firstly, there’s a government programme and policy that Eskom has to implement. But as we implement that policy, we need to be practical in our pursuit of a healthy energy mix. We need to learn from the mistakes that other economies may have made. Spain, Germany, and a few other economies have learned some painful and perhaps valuable lessons. Spain tried decades ago to go totally solar. It almost bankrupted the country. Perhaps at the time, solar prices were still high. But it indicates that no single source of energy can give you absolute sustainability. Germany attempted to move to full wind power, and also learned some painful lessons. The difference between South Africa and Germany is that Germany’s neighbours have enough capacity to support their energy needs, and an integrated grid. South Africa is the only major producer in our region, and we do not have that luxury. We need to be responsible and careful in managing any transition to ensure that it’s sustainable.

Secondly, we need to remember the importance of “coal-based towns” and the economic value chains that they support. If we think of the town of Ogies in Mpumalanga, if we were to – overnight – remove that town’s role as a coal town, what would the people of that town be expected to do? This applies to 10 similar towns in the region that currently are central to the provision of electricity in South Africa.

The map of South Africa’s energy supply chain dates to the early centuries of industrialisation. Today, South Africa has various hubs of economic activity. We no longer have gold mines only in Gauteng. North West province has become a new mining hub. As a country, we need to figure out how to balance our grid in line with these new industrial developments.

This would have to evolve with time. We must consider that our country has made certain commitments to the rest of the world in terms of the Paris Agreement. But we also have significant coal reserves with low sulphur content.

You have just been appointed as Chairman of the new board at Eskom, South Africa’s state energy utility. It is a pivotal role, to say the least. What are your immediate priorities?

The immediate priority is to keep the lights on. We have to grapple with how to return the energy availability factor – the EAF – to healthy levels. Under normal conditions, the EAF is 86%. Currently, our EAF is much lower. The president has challenged the Eskom board to get back to 75%. That is a tall order given the state of the systems in the country.

As a country, we need to figure out how to balance our grid in line with these new industrial developments

The other priority is people. You have 40 000 people working at Eskom, who understand to varying degrees where all nuts and bolts fit together. We need to reignite a sense of self-worth in these people. People have been psychologically battered throughout this loadshedding challenge.

I recall back when we prepared for the 2010 FIFA World Cup when I was Eskom CEO and chair. I went from region to region, to excite Eskom employees to be great hosts to the world for the World Cup. This time around, the challenge is to reignite in Eskom employees a passion for serving their country and its economy.

Related to this is the idea of reigniting a sense of internal competitiveness between power stations. Power Station X can compete against Power Station Y to see who maintains the highest EAF levels. This would get us well on the way to maintaining healthy energy availability factors across our operations. It’s not spreadsheets or robotics that will turn Eskom around. It’s people. We need to rekindle their passion and energy.

Another priority is that we need to energise communities. The average power station is hosted by a community. We need to excite each community around meaningful energy production and encourage them to see their power station as part of the continuity of the supply environment, and an asset that supports their livelihoods. Nobody will come and cut transmission cables if the community sees it as an asset of its own, which is part of a national asset – our power station fleet.

What is your stance on the unbundling of generation, transmission and distribution?

For me, it’s about best practice. Let’s take a country like Sweden, for example, which has a dynamic energy system. It was among the first countries in the world to do this. The system employed there might also make sense in South Africa. The approach is to find energy sources in every region that suit the assets of that area. In South Africa, it might work by harnessing solar energy in the Northern Cape, and biomass energy in KwaZulu Natal, where we have a large sugar-cane industry. We could have provincial waste-management system that generates energy and supports environmental sustainability. The two major cities in KwaZulu Natal – Pietermaritzburg and Durban – could relieve the grid of 100-200MW. In each of the other provinces, the most suitable energy resources can be leveraged. Agricultural waste in the Free State. Wind power in the Eastern Cape, for example.

Sweden employs such a model, where each region employs the most suitable mechanism of generating energy. There, regions that have suitable watercourses have hydropower facilities. Transmission lines are owned separately, and the distribution mechanism is decentralised in line with those provincial dynamics.

Power generation is capital intensive. But the IPP model has shown us that if you define the terms of reference, investors will come. We need to be practical. You can’t have everybody depending on one entity. Certainly, you need this entity to provide baseload power for the country, but then other parties and regions should be able to top up that base load from their position of advantage. We need to appreciate that the existing grid was designed 100 years ago, and so the dynamics of the next 100 years are going to be different. Therefore, let’s balance those things.

How do you see us unlocking the contribution of IPPs in the green energy space, and integrating them into the grid?

There’s huge opportunity for households, and for office buildings to provide green energy back to the grid. There are also major innovations happening in the area of finance. South Africa’s major banks have all pioneered smart solutions that allow individuals and businesses to finance renewable-energy installations on their buildings in the same way one currently finances a home or a car.

This is a great example of being proactive to find solutions to our energy challenges. We all lament loadshedding but actually the solution is that if we all redirect our spending, we can create new jobs. If the average household puts rooftop solar in place using these new financing mechanisms, small businesses will be built on that.

This is one way we can reignite our economy. It won’t be huge, but it will make a difference. Each one of us should be asking ourselves what we can do to create opportunities for ourselves, or for small businesses.

In the days before democracy, we had street committees. We can use the same model to build neighbourhood micro-grids. If there’s an open piece of land in a neighbourhood, rather than rushing to occupy it with residential developments, let’s look at whether homeowners’ associations can team up to install a solar facility and set up a microgrid. Microgrids can be set up from the outset whenever a new estate development is built.

Each home would have rooftop solar, and communities can build their own microgrids. So there are many possibilities that we should all be leveraging, and not constantly pointing fingers. I think it’s time for us to start asking, “What can I do to solve the problem?”

How would opening up the grid to more green energy affect the Eskom business model?

Remember, there are Eskom power stations that are reaching the end of their lifespan. By expanding our grid and devolving energy opportunities, we can free up space for us to continue with that programme of mothballing our power stations, refurbishing them and then later recommissioning them. It will actually give us a breather, rather than causing trouble.

How are you enjoying your new role?

I am still at the very beginning of my journey as Eskom chairman. I’m still onboarding, and we have a long way ahead of us. We’re essentially settling in as a board. Maybe after the first quarter we will be able to comment further, but we certainly have an exciting journey ahead.

Green Energy Africa Summit 2022 runs from October 4-5 at the Cape Town International Conference Centre.

Distributed by APO Group on behalf of Green Energy Africa Summit.

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CRDB Bank launched FMO and Shelter Afrique partnerships, and renewed its Memorandum of Understanding (MoU) agreement with Afreximbank

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A USD 75 million FMO facility, CRDB’s release of its Sustainable Development Impact Disclosure, a USD 10 million Shelter Afrique facility for CRDB Bank DRC and a renewed MoU agreement with Afreximbank marked the forum, which CRDB Bank hosted with Invest Africa during the World Bank Group and IMF Annual Meetings

BANGKOK, Thailand, October 16, 2026/APO Group/ –CRDB Bank Plc signed a USD 75 million long-term financing facility with FMO, launched its Sustainable Development Impact Disclosure Framework, renewed its memorandum of understanding with Afreximbank, and marked the extension of a USD 10 million Shelter Afrique Development Bank facility to CRDB Bank DRC at the Africa Investor Forum on 15 October. The forum, hosted by CRDB Bank with Invest Africa (https://www.InvestAfrica.com/) at the Sheraton Grande Sukhumvit, took place on the sidelines of the World Bank Group and IMF Annual Meetings. It brought CRDB’s Group leadership and its subsidiary teams in Tanzania, Burundi, Democratic Republic of Congo (DRC) and United Arab Emirates (UAE) together with development finance institutions, institutional investors and private capital, under the theme One Bank, Every Bridge: Connecting Africa’s Growth to the World’s Capital.
 




 
 

The facility from FMO, the Dutch Entrepreneurial Development Bank, will run for approximately ten years. It enhances CRDB’s Tier II capital base, which supports the Bank’s growth and resilience, and it expands the Bank’s capacity to lend to micro, small and medium enterprises (MSMEs), the segment that underpins entrepreneurship, job creation and inclusive economic development. For both institutions it advances a shared aim of financial inclusion and business growth across Tanzania and the wider region. The facility also includes support from the European Commission’s MSME platform guarantee, unlocking finance for this segment of society.

CRDB Bank has applied the Impact Disclosure Guidance to its impact strategy, helping the Bank to measure and monitor the anticipated and realized impacts of its operations and portfolio. The Guidance, published in October 2024 by the Impact Disclosure Taskforce co-chaired by J.P. Morgan and Natixis, was a voluntary standard for measuring and reporting development impact. CRDB’s framework rests on three objectives: equal access to financial services, local economic development and job creation, and digital financial innovation. These supported SDG 1 (No Poverty), SDG 2 (Zero Hunger), SDG 5 (Gender Equality) and SDG 8 (Decent Work and Economic Growth), and each carried metrics and targets against which the Bank would monitor its progress. CRDB Bank was the first Tanzanian issuer to adopt the Guidance.

Shelter Afrique Development Bank had extended a USD 10 million facility to CRDB Bank DRC to support affordable housing development and the construction value chain, and the two institutions marked the extension at the forum. It realised the memorandum of understanding they had signed at the 2025 World Bank and IMF Annual Meetings in Washington, D.C., which also provided for advisory support from Shelter Afrique to CRDB’s housing finance team across the full housing value chain.

CRDB Bank also renewed its memorandum of understanding with the African Export-Import Bank (Afreximbank), building on the two institutions’ 2023 agreement and broadening the scope of their cooperation. The renewed framework covers trade finance, syndication and structured financing, digital and payments platforms such as the Pan-African Payment and Settlement System (PAPSS), capital markets advisory, specialist insurance, and capacity building through staff training and secondments. It also links the CRDB Bank Foundation’s lending to women and youth-led enterprises with Afreximbank’s Export SME Programme, strengthening support for the small businesses at the centre of CRDB’s inclusion agenda.

Our objective is to convert Tanzania’s international relationships into investment, trade, technology, skills and sustainable economic growth

The forum opened with remarks from Dr. Abdulmajid Mussa Nsekela, Group CEO of CRDB Bank, followed by an executive panel exploring how partnerships between African institutions and Asian and international investors could mobilise capital. The programme also featured signing engagements and the official launch of the Sustainable Impact Disclosure Framework. The forum anchored an engagement week running from 13 to 16 October, featuring private roundtables and bilateral investor meetings focused on Burundi, the Democratic Republic of the Congo (DRC) and Tanzania. During these engagements, subsidiary leadership presented priority, bankable projects to investors.

Recognising the Government’s pivotal role in fostering an enabling policy and regulatory environment, aligning investment with national development priorities and facilitating capital flows, Tanzanian government leaders at the Africa Investor Forum underscored the importance of strong public-private partnerships in building investor confidence and unlocking sustainable economic opportunities. Their participation reaffirmed Tanzania’s commitment to translating international partnerships into tangible investments that drive economic growth, strengthen key sectors and create long-term value for its people.

Emmanuel Tutuba, Governor of the Bank of Tanzania, emphasised the importance of financial-sector resilience in supporting investment and economic growth. He said: “A sound and resilient banking sector is essential to mobilising investment and financing economic growth. Tanzania’s banking sector continues to demonstrate resilience, supported by strong capital and liquidity positions and a non-performing loan ratio that remains within the regulatory threshold. This provides an important foundation for banks, investors and businesses to work together to finance productive opportunities.”

Ambassador Khamis Mussa Omar, Minister of Finance of the United Republic of Tanzania, highlighted the role of international partnerships in advancing the country’s long-term development ambitions. He said: “Our objective is to convert Tanzania’s international relationships into investment, trade, technology, skills and sustainable economic growth. We welcome credible investors who are ready to partner with us in building a productive, competitive and sustainable economy, and we want investment conversations to lead to bankable projects, financing and measurable economic results.”

Dr. Abdulmajid Nsekela, Group CEO and Managing Director, CRDB Bank, said: “Bangkok was where we brought the whole of CRDB to investors, and that week put our Tanzania, Burundi and DRC teams in front of the international capital. The USD 75 million from FMO strengthened our balance sheet and widened our lending to MSMEs. The Impact Disclosure Framework gave investors targets to hold us to, and Shelter Afrique’s facility for CRDB Bank DRC put capital into affordable housing and the construction value chain. Each one was a bridge between African opportunity and global capital, which was what One Bank, Every Bridge meant in practice.”

Michael Jongeneel, Chief Executive Officer, FMO, said: “We are pleased to partner with CRDB Bank on this significant transaction, which reflects our shared commitment to strengthening access to finance for entrepreneurs and businesses that drive economic growth and job creation. By enhancing CRDB’s Tier II capital base and leveraging the support of the European Commission’s MSME Platform Guarantee, this facility will help expand financing for micro, small and medium enterprises across Tanzania. We commend CRDB for its continued leadership in advancing financial inclusion and fostering sustainable, inclusive economic development in the region.”

Alexandra Barry, Executive Director, Head of Development Impact Advisory, J.P. Morgan, said: “We would like to congratulate CRDB on this important milestone and the release of its Sustainable Development Disclosure. As the first Tanzanian entity to publish such a disclosure, the framework provides greater transparency around CRDB’s impact objectives, including how it intends to deliver and measure progress towards financial inclusion, job creation and gender equality.”

Thierno-Habib Hann, Managing Director and CEO, Shelter Afrique Development Bank, said: “The memorandum we signed in Washington last year set out an intention. This facility turned it into funding for CRDB Bank DRC, supporting affordable housing and the construction value chain around it. We were glad to see it move from paper to delivery.”

Distributed by APO Group on behalf of Invest Africa.

 

 




 

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Huawei Commits to Advancing an Intelligent, Green Europe with Customers and Partners

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FLORENCE, ITALY – Media OutReach Newswire – 16 October 2026 – The 11th Huawei Connect Europe was held today in Florence, Italy. Adolfo Urso, the Italian Minister of Enterprises and Made in Italy, Eugenio Giani, President of the Tuscany Region, Italy, and Sara Funaro, Mayor of Florence, delivered remarks at the event.

Thousands of attendees, including industry leaders, technology experts, and partners from around the globe, gathered at the event to explore how digital technologies such as artificial intelligence (AI) will accelerate Europe’s twin digital and green transition under the theme “Advancing Intelligent & Green Europe”.

 




 
 

David Wang, Deputy Chairman of the Board and Rotating Chairman at Huawei, said in his opening keynote: “As Europe’s digital and green transitions continue to progress, Huawei is working with over 5,000 partners to solve real customer challenges through technological innovation. The intelligent world is coming, faster than ever, and industries across Europe are preparing for a major leap in productivity, powered by AI and other advanced technologies. Huawei has been and will remain in Europe, for Europe. Working alongside customers and partners, we are committed to open collaboration to seize opportunities, driving shared success and helping build a more intelligent, greener Europe.”

– Building a customer-centric “Huawei + Partners” collaboration system for a sustainable future in Europe

Leo Chen, Huawei’s Senior Vice President and President of Enterprise Sales, also spoke at the event, explaining the company’s strategy for the European market: “Huawei is in Europe, for Europe. We dive into local customer needs and turn technology into action to drive Europe’s twin green and digital transition.”

Chen went on to explain that Huawei has two focuses in the region, developing innovative products and solutions tailored to local industry scenarios, and empowering local partners to better serve European customers.

Building on the company’s existing “Huawei + Partners” collaboration system, Huawei additionally launched the SCALE framework for Europe at this event. This framework covers five key initiatives: Scenario-based Solutions, Co-Innovation, Aligned Marketing, Local Service, Consistent Quality, and Efficient Collaboration. These initiatives are aimed at helping local partners innovate around customer needs, integrate Huawei solutions into their offerings more easily, and improve their service capabilities.

Other guests who spoke at the event on their own insights into Europe’s twin transition strategy and intelligent industry practices included: Pierre Francois Rudant, Head of Technology, Auchan Retail; Federico Ascoli, Head of Platforms, Extended Group Management Board, Also; Sergio Grassi, a Country Manager of Zeliatech and Chief Revenue Officer for Value, Green and Services of Esprinet Group Italy; and Marcel Poser, Co-founder, Screening Eagle Technologies.

For more details, see the official website of HUAWEI CONNECT 2026 * FLORENCE: https://www.huawei.com/eu/events/huaweiconnect-florence
The issuer is solely responsible for the content of this announcement.
 




 

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Liberia Launches 2026 Offshore Licensing Round, Offering 15 Blocks to Investors

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The Liberia Petroleum Regulatory Authority is inviting qualified companies to negotiate offshore exploration opportunities, with submissions closing April 15, 2027

CAPE TOWN, South Africa, October 15, 2026/APO Group/ –Liberia has launched its 2026 Offshore Direct Negotiation Licensing Round, offering 15 offshore blocks across the Liberia and Harper basins as the country seeks to attract exploration investment and advance the development of its petroleum sector.

 




  

Announced on October 14 in Cape Town alongside African Energy Week 2026 and African Mining Week, the round was launched by the Liberia Petroleum Regulatory Authority (LPRA) and organized by Energy Capital & Power (ECP). The campaign invites qualified companies to pursue individual blocks through direct negotiations, with the licensing process closing on April 15, 2027.

LPRA Director General Marilyn T. Logan called on investors to submit letters of intent and highlighted the potential for exploration success to shape Liberia’s petroleum industry.

“Our petroleum system works,” Logan said. “Whichever company makes the first discovery will play a significant role in the history of our country.”

15 Offshore Blocks Available for Negotiation

The licensing round comprises twelve blocks in the Liberia Basin – LB-1, LB-2, LB-3, LB-7, LB-12, LB-13, LB-14, LB-18, LB-19, LB-20, LB-21 and LB-23 – and three in the Harper Basin – LB-25, LB-28 and LB-33.

The acreage targets Cretaceous structures, deepwater basin-floor fans and structural closures along Liberia’s Atlantic margin. The offering provides investors with opportunities to evaluate frontier exploration prospects in a region with established petroleum system indicators and potential for further discoveries.

The round is supported by more than 80,000 km of seismic data, including over 50,000 line-km of 2D seismic and 31,000 km² of 3D surveys, alongside gravity, magnetic and well-log datasets.

Geophysical data company TGS has reprocessed 12,000 km of 2D seismic using Pre-Stack Depth Migration, as well as 5,100 km² of 3D seismic data, to improve subsurface imaging and support prospect evaluation.

“There’s a working petroleum system offshore Liberia,” said Jason Robinson, Managing Director at ENARJI and former Director of Business Development at TGS. “It’s been a prolific system across the margin and there are significant fan-plays that go out into the very deepwater.”

There’s a working petroleum system offshore Liberia

Direct Negotiations Offer Flexible Entry

Under the direct negotiation framework, qualified companies can pursue individual blocks and negotiate proposed exploration programs with the LPRA. Applicants must demonstrate technical capability, financial strength and relevant offshore experience.

The process is governed by Liberia’s 2014 Petroleum Exploration and Production Act and its 2019 amendments. The framework is designed to provide investors with a route to acreage access while maintaining qualification requirements and regulatory oversight.

Fiscal terms and regulatory predictability were highlighted as important considerations for prospective investors. LPRA Deputy Director General for Finance Robert Sonkarlay said the authority is prepared to accommodate changing market conditions and the needs of participating companies.

“Investors are not just looking to find attractive fiscal terms; they’re also looking for fiscal predictability,” Sonkarlay said. “We can assure that our terms are flexible and benchmarked. We will ensure that our terms adapt to changing markets and the needs of interested participants.”

LPRA Board Member Kau Dorilae also emphasized the importance of investor engagement and consistency in the country’s investment framework. She noted that prequalification remains valid for five years, allowing companies to establish eligibility before pursuing specific block opportunities.

Government Backs Offshore Exploration Campaign

Liberian President Joseph Nyuma Boakai reaffirmed the government’s support for the licensing round in a prerecorded address delivered during the launch.

“Today, I assure you that the journey you are about to begin with Liberia through the LPRA carries the full support of the Liberian government and is guided by principles that this administration is dedicated to stand for,” Boakai said.

Preparations for the campaign included an investor day in Houston on August 19, 2026, followed by the opening of prequalification on August 28. The campaign forms part of Liberia’s efforts to engage international exploration companies and attract investment into its offshore petroleum resources.

With 15 blocks available through direct negotiations, the 2026 licensing round provides a structured pathway for qualified companies to assess Liberia’s offshore potential and advance discussions on exploration opportunities.

For information on the licensing round and prequalification requirements, visit the LPRA’s official licensing round page (https://apo-opa.co/47kJzXe) or contact lpra2026submission@lpra.gov.lr.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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