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Category: ENVIRONMENT

  • ACCRA, Ghana, May 28, 2025/ — The Mining in Motion Summit (MininginMotionSummit.com) is pleased to announce the participation of Hon. Ibrahim Murtala Muhammed, Ghana’s Minister for Environment, Science, Technology and Innovation, as a speaker. Hon. Muhammed’s involvement underscores the government’s commitment to environmentally responsible mining, technological innovation and scientific advancement in the extractive sector.

    As the head of the ministry leading innovation and sustainability, Hon. Muhammed is spearheading initiatives to align mining operations with national development goals and environmental stewardship. His efforts include forging partnerships with global public and private stakeholders to implement science-based solutions and sustainable practices.

    In April 2025, the Minister met with Park Kyongsig, Ambassador of the Republic of Korea (apo-opa.co/45r33JW) to Ghana, to explore bilateral cooperation on climate change and environmental protection. Their discussions centered on leveraging Korean expertise to restore water bodies impacted by illegal mining and address the root causes of environmental degradation.

    In February 2025, Hon. Muhammed reiterated the government’s commitment (apo-opa.co/4dV4wKZ) to leveraging local innovation as a driver of economic growth, particularly within key industries like mining, which continues to play a vital role in Ghana’s economy. Gold exports reached $11.6 billion in 2024, accounting for 57% of the country’s total export revenue, highlighting the sector’s significance in national development.

    In line with modernization efforts, the government, through the Minerals Commission of Ghana (apo-opa.co/3H8AM0P), is equipping the next generation of workers with skills in emerging technologies such as drones, which are being deployed to support automation and improve sector monitoring.

    Under the World Bank-funded Ghana Landscape Restoration and Small-Scale Mining Project (apo-opa.co/4kHR9Qr), the country is actively addressing land degradation and promoting sustainable practices among artisanal and small-scale miners, ensuring mining sector contribution to economic growth and long-term environmental and social sustainability.

    At Mining in Motion, Hon. Muhammed will engage with key stakeholders from the mining industry, academia and civil society to exchange insights on policy, innovation and the future of mineral resource governance in Ghana.

    The summit, led by the Ashanti Green Initiative under the leadership of Oheneba Kwaku Duah, Prince of the Ashanti Kingdom, is hosted in partnership with the World Bank and the World Gold Council.

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

    For sponsorship opportunities or delegate participation, contact: 
    sales@ashantigreeninitiative.org

    About Mining in Motion Summit:
    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com.

    SOURCE
    Energy Capital & Power
  • Balancing Energy Security and Decarbonization: African Energy Week (AEW) 2025 to Address South Africa’s Power Crisis

    Balancing Energy Security and Decarbonization: African Energy Week (AEW) 2025 to Address South Africa’s Power Crisis

    CAPE TOWN, South Africa, March 18, 2025/ — South Africa faces a critical energy challenge: securing a stable power supply while transitioning to a low-carbon future. The African Energy Chamber’s (EnergyChamber.org/) State of African Energy 2025 Outlook Report provides a detailed analysis of this shift, highlighting the country’s continued reliance on coal, the slow pace of renewable energy integration and the urgent need for infrastructure investments to modernize the grid.
    These insights will set the stage for key discussions at African Energy Week (AEW) 2025: Invest in African Energies, where industry leaders will examine how South Africa and other mature markets across the continent can balance energy security with decarbonization.

    Coal remains the cornerstone of South Africa’s power generation, contributing over 80% to the energy mix. This heavy reliance has led to ongoing load-shedding – constraining industrial productivity, discouraging investment and limiting GDP growth to less than 1% annually over the past decade.

    Addressing this crisis requires urgent intervention through infrastructure investment, diversification of the energy mix and policy reforms to enhance grid stability and efficiency.
    This will be a key focus for stakeholders at AEW 2025, where discussions will center on accelerating the transition to a more resilient and diversified energy system, enhancing the role of renewables and gas-to-power solutions, and attracting critical investments to modernize the grid and reduce dependence on coal.

    In response to the energy crisis, South Africa has embarked on integrating renewable energy sources. The Renewable Energy Independent Power Producer Procurement Program has been instrumental, with over 7.2 GW of solar PV and 3.6 GW of onshore wind capacity installed by the end of 2023, collectively accounting for over 17% of the country’s total installed capacity.

    Gas-to-power projects have also emerged as a viable solution, with the government issuing requests for proposals for 2 GW of such projects in late 2024. Concurrently, battery energy storage systems are being developed, with the Department of Mineral Resources and Energy launching bid rounds totaling over 1.7 GW/6.9 GWh of storage capacity.

    South Africa’s Just Energy Transition Investment Plan has drawn global interest, securing $8.5 billion in commitments from partners including France, Germany, the UK, the US and the EU. However, disbursement remains a challenge, with only $1.9 billion allocated to date – primarily for grid expansion and support for coal-mining communities.

    As the country navigates the complexities of a large-scale transition, key issues such as grid constraints, the integration of renewables and ensuring a stable, sustainable energy supply will be addressed at AEW 2025.

    Taking place in Cape Town, AEW 2025: Invest in African Energies serves as the premier platform for South Africa and the broader African continent to tackle the critical energy challenges shaping the region’s future.

    The event will highlight strategies to integrate cleaner energy sources while maintaining grid stability and affordability, as well as emphasize modernization of grid infrastructure, addressing capacity constraints and enhancing transmission networks to support a diversified energy mix.

    Beyond technical solutions, securing large-scale investments will be a key priority, as Africa seeks to attract capital for sustainable energy projects that ensure both energy security and environmental responsibility.

    By convening industry leaders, policymakers, financiers and innovators, AEW 2025 will drive forward collaborative solutions, policy reforms and strategic partnerships essential for unlocking Africa’s full energy potential and fostering long-term economic growth.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Distributed by APO Group on behalf of African Energy Chamber.

    SOURCE

    African Energy Chamber
  • Maximizing Gold Mining Benefits and the GoldBod Idea in Ghana

    Maximizing Gold Mining Benefits and the GoldBod Idea in Ghana

    Interview Story: By Mohammed A.Abu

    Hari Iyer, Chief Executive Officer(CEO) and Managing Director(MD) of the Sakthi Tading Group, a prominent international gold trade industry player, has noted that, a strict eco-friendly or sustainable mining regime is crucial for Ghana to address the significant socio-ecological costs of gold mining, such as deforestation, water pollution, and soil degradation.

    By adopting sustainable practices, Mr. Iyer intimates, Ghana can protect the environment, ensure long-term economic sustainability, and improve community welfare.

    A focus on responsible mining he contends, will enhance global competitiveness, attract ethical market demand, and reduce illegal mining, adding, “The GoldBod initiative, along with stronger government regulations, can help transition the sector to a more sustainable model, balancing economic growth with ecological preservation for the benefit of future generations”.

    He was speaking in an exclusive interview with your favourite, the Economic & Environmental Africa News, magazine for his expert thoughts relating to Ghana’s government’s recent move to put in place a Ghana GoldBod.

    Regarding the initiative, he notes that GoldBod Ghana appears to be an important player in the evolution of the gold mining and trading sector in Ghana, especially given the complex challenges faced by the country in terms of artisanal mining, environmental impact, and illegal gold trading.

    Mr. Hari provided some insights on the potential significance of GoldBod Ghana as follows:

    1. Ethical Sourcing Leadership

    GoldBod Ghana has the opportunity to lead by example in promoting ethical gold sourcing. As global demand for responsible and traceable gold rises, especially from environmentally conscious buyers and investors, GoldBod could position itself as a pioneer in making Ghana’s gold sector more transparent. Their commitment to traceability, likely through innovative technologies like blockchain, can strengthen the integrity of the entire supply chain, making it more appealing to international markets that prioritize ethical sourcing.

    1. Addressing the Artisanal Mining Crisis

    Artisanal small-scale mining (ASM) is a significant part of Ghana’s gold production but often operates in unsafe, inefficient, and environmentally damaging conditions. GoldBod’s potential to provide structured support to the ASM sector, offering better mining practices, health and safety training, and access to improved equipment, could be transformative. This could lead to a reduction in the harmful effects of illegal mining (Galamsey), such as deforestation, mercury pollution, and unsafe working environments. Their involvement could directly improve the livelihoods of thousands of small-scale miners.

    1. Facilitating Sustainable Mining Practices

    Sustainability is a growing concern in the mining industry, and GoldBod Ghana’s potential to implement environmentally friendly and socially responsible practices is crucial. By introducing eco-friendly mining techniques, such as alternative mercury-free extraction methods and promoting reforestation initiatives, GoldBod can mitigate the environmental damage often associated with gold mining. This could improve the long-term viability of gold mining in Ghana and enhance the country’s reputation in global markets.

    1. Strengthening Governance and Compliance

    GoldBod’s commitment to adhering to international standards and regulations will play a vital role in strengthening governance within Ghana’s gold industry. With proper compliance and transparency mechanisms in place, GoldBod can help address systemic challenges like smuggling, corruption, and unregulated gold trade, ensuring that Ghana’s mining revenues are appropriately taxed and channeled into national development.

    1. Economic and Social Impact

    GoldBod’s focus on sustainable mining practices has the potential to contribute significantly to the economic development of local communities in gold mining regions. Beyond economic growth, their engagement in social initiatives like healthcare, education, and community infrastructure can improve the living conditions of miners and their families. As a result, GoldBod can enhance the social license to operate, which is crucial for the long-term success of mining companies in regions where mining is a central economic activity.

    1. International Partnerships and Investments

    GoldBod Ghana has the potential to attract international investments and forge partnerships with global organizations and companies that prioritize responsible sourcing. This could help them access advanced technologies, financial resources, and expertise needed to modernize the sector. Such collaborations could also enhance Ghana’s position in the global gold market, opening new export opportunities and enhancing trade relationships.

    1. Risk Mitigation in Gold Trading

    The volatility of the gold market, with fluctuating prices and risks associated with illegal trade and geopolitical instability, poses a challenge for gold trading companies. GoldBod’s adoption of cutting-edge technologies and adherence to legal and ethical standards could act as a hedge against these risks, offering stability and trustworthiness to both local and international stakeholders.

    1. Potential Challenges

    While GoldBod Ghana’s approach seems promising, challenges remain in terms of overcoming entrenched practices within the informal mining sector, securing buy-in from local miners, and navigating the complexities of Ghana’s regulatory environment. Additionally, competing with illicit gold trade operations might prove difficult, as illegal mining can often be more financially attractive in the short term.

    Investment Opportunities GoldBod Offer Sakthi Trading

    On what business Prospects the GoldBod idea has for the Sakthi Trading Group in Ghana, he responded thus,” For Sakthi Trading Group, the establishment of Ghana’s GoldBod offers several promising investment opportunities within the mining and production management value chain”:

    1. Gold Mining & Extraction Investments

    Sakthi Trading Group could invest in gold extraction operations, either through direct involvement or by partnering with licensed small-scale miners. As GoldBod becomes the sole buyer of gold from legal miners, there’s a guaranteed market for the mined gold, which reduces risk and ensures steady revenue streams.

    1. Gold Refining & Value Addition

    GoldBod’s focus on refining and value addition presents an opportunity for Sakthi Trading Group to invest in refining infrastructure or establish partnerships with refining operations. They could integrate these activities into their supply chain, adding value to raw gold and enhancing profitability through higher-grade gold products for both local and international markets.

    1. Gold Export & Marketing

    With GoldBod serving as the sole exporter of gold from the legal small-scale sector, Sakthi Trading Group could tap into international markets by partnering with GoldBod for the export of refined gold. This also allows the group to leverage global demand for responsibly sourced gold, enhancing its position in international markets and contributing to Ghana’s foreign exchange accumulation.

    1. Gold Assaying & Quality Control

    Given that GoldBod will be the sole assayer of gold, Sakthi Trading Group could invest in or collaborate with assaying facilities to support gold testing and certification processes. Establishing a presence in the assaying segment of the supply chain provides an opportunity for Sakthi to ensure that their gold meets international standards, fostering trust and marketability.

    1. Supply Chain and Logistics

    As the GoldBod framework establishes a structured system for sourcing, refining, and exporting gold, Sakthi Trading Group can invest in the supply chain infrastructure, including logistics and transportation. With GoldBod centralizing the process, the group could play a key role in ensuring efficient movement of gold from mining sites to refineries and international markets.

    1. Local Economic Growth and Stabilization

    Sakthi Trading Group’s involvement in the GoldBod framework also allows it to contribute to the economic stabilization of Ghana. As the GoldBod aims to reduce gold smuggling and stabilize the local currency, Sakthi can benefit from an improved business environment and increased stability in the gold sector, making it a more attractive long-term investment.

    1. Technological Integration

    There is an opportunity to invest in technology that enhances the mining, refining, and marketing processes. GoldBod’s push for more transparent, efficient, and legal operations opens the door for Sakthi Trading Group to integrate advanced technologies such as blockchain for traceability, AI for market forecasting, or automation in refining processes.

    Through strategic investments in mining operations, refining, logistics, and technology, Sakthi Trading Group could capitalize on the GoldBod initiative to expand its footprint in Ghana’s gold sector. By aligning with the government’s vision of formalizing and improving the gold value chain, Sakthi can enhance profitability while contributing to the economic growth and stability of Ghana.

    Role and Responsibilities to Sakthi Trading Group

    On what is the exact role he plays as the CEO/MD of the group for the past 08 yrs, Mr.Iyer  said his roles are the following:

    Strategic Leadership: identifies growth opportunities, and ensures compliance with global gold trading standards.

    Business operations and Risk management:  oversees gold procurement, logistics, and sales, manages supply chain relationships, and implements risk management strategies for market and security risks.

    Financial Oversight: manage financial health, secure funding, and oversees hedging strategies to mitigate price volatility risks.

    Regulatory: Ensure AML and KYC compliance, upholds ethical sourcing, and engages with regulators.

    Brand: builds partnerships, explores new markets, and strengthens brand reputation in the gold industry.

    Technology: leverages blockchain, AI, and digital transformation to enhance transparency, efficiency, and customer engagement.

    Team leadership: leads the executive team, fosters corporate culture, engages stakeholders, and drives talent development.

    Flashback-Global Gold Dore Forum, Accra,2017

    Sakthi Trading Group was the title sponsor of the first ever Global Gold Dore Forum, held in Accra in January 2017. As CEO/MD of Sakthi Trading Group, I emphasized the importance of transparency and responsible conduct in the gold market.

    • “Sakthi Trading Group firmly believes that responsible business is the only sustainable business.”
    • We seek to understand various initiatives led by both government and non-government entities in Africa and aim to contribute to solutions wherever possible.

    Commitment to Collaboration and Partnerships

    Sakthi Trading Group is dedicated to working with organizations that share its values and adhere to regulations. Through strategic collaborations, the group strives to promote responsible gold sourcing and support a more sustainable future.

    Supporting Artisanal Small-Scale Gold Mining Sector Reform

    Flashback-Global Dore Forum,Accra-2017

    At the Global Gold Dore Forum conference,held in Accra in 2017,Sakthi Trading Group was not only a Lead Sponsor,but also expressed its commitment to participating in the reform of Ghana’s artisanal small-scale gold mining sector. This initiative reinforces the company’s dedication to ethical gold sourcing and industry sustainability.

    The position of Sakthi Trading Group is the beginning of a privately-owned investment holding company for the group- IDM Global Holdings (Hong Kong) Limited focusing on investments in to international mining, production management and full mining services companies based in West and East Africa.

     

     

     

     

     

     

     

     

     

  • ACEACRES,2024 Accra, in Pictures

    ACEACRES,2024 Accra, in Pictures

  • Namibia’s Cabinet Approves Upstream Local Content Policy, Marking a Turning Point for the Industry

    JOHANNESBURG, South Africa, December 4, 2024/ — In a strategic move for the industry, Namibia’s cabinet has approved the National Upstream Local Content Policy. The progressive policy is set to play a crucial role in reducing the nation’s dependency on foreign expertise by focusing on the development of local capacity.
    Aimed at strengthening economic sovereignty and empowering Namibians within the country’s oil and gas industry, the policy marks a turning point for the country as it targets first oil production by 2029.

    The African Energy Chamber (AEC) – serving as the voice of the African energy sector – commends the Namibian government’s proactive stance on local content and its dedication to empowering local communities while maintaining a welcoming environment for foreign investment. It is clear that the policy is designed to balance the interests of local stakeholders with the needs of international oil companies, a model that other African nations can look to for guidance.

    Namibia is preparing to start oil production from the Venus and Graff discoveries by 2029, with the Mopane field potentially bringing this production timeline much closer. Since 2022, the country has made a string of major discoveries in the Orange Basin. These include Graff-1X, Venus-1X, Jonker-1X, Lesedi-1X and Mopane-1X, among others.

    International energy companies including TotalEnergies, Shell and Galp Energias are leading the charge, with Galp recently spudding the Mopane-1A well as part of a four-well appraisal campaign. Work is ongoing to finalize timelines for Final Investment Decision (FID) and production, with FID for Venus-1X and Graff-1X is expected by the end of 2024, reinforcing the country’s growing oil potential.

    With this recent surge, the government has recognized the urgency of maximizing the involvement of local businesses, labor and resources in the nation’s oil and gas sector. The National Upstream Petroleum Local Content Policy aims to create a globally competitive supply chain while promoting sustainable development, energy independence and technological expertise within the country.

    This policy addresses the unique challenges faced by Namibia’s upstream petroleum sector, which is capital-intensive, technologically driven and reliant on high-risk investments over long periods. Traditionally, such a sector tends to have a low level of local employment and a heavy reliance on imported goods and services.

    To counteract this, the policy is designed to ensure that Namibian businesses and workers are fully integrated into the petroleum value chain, from exploration and production to service delivery and technology provision.

    One of the key features of the policy is its alignment with Namibia’s broader development frameworks, such as the National Development Plan, the Harambee Prosperity Plan and Vision 2030. These strategies underscore the goal of an industrialized economy driven by Namibians, where local expertise and resources play a central role.

    Through this policy, Namibia aims to encourage the participation of local companies in procurement, manufacturing and service provision, ultimately ensuring that the benefits of the country’s oil and gas wealth remain within its borders.

    As part of the initiative, oil operators will be required to submit detailed ‘Local Content Plans’ when applying for exploration and production licenses. These plans will outline the operators’ commitments to hiring local labor, engaging local businesses for goods and services and investing in the training and development of Namibian workers.

    The Ministry of Mines and Energy will oversee compliance and enforcement, ensuring that the policy’s objectives are met and that Namibian participation in the oil and gas industry is maximized.

    The policy also emphasizes the importance of a stable and transparent regulatory environment, which will provide clarity to investors and operators while fostering an atmosphere of trust and cooperation. By ensuring that local content requirements are clear and enforceable, the policy aims to attract responsible investment that benefits both the oil companies and the Namibian people.

    “With first oil production set to begin by 2029 and discoveries already exceeding 11 billion barrels, the implementation of this policy is essential,” says NJ Ayuk, Executive Chairman of the AEC. “It’s a powerful example for the rest of Africa of how to leverage oil and gas discoveries to fuel long-term development, job creation and economic growth.

    As the policy moves towards implementation, the focus on local content, job creation and economic diversification is a testament to Namibia’s vision of becoming a key player in Africa’s energy sector, with its people at the heart of this transformation.”
    Distributed by APO Group on behalf of African Energy Chamber.

    SOURCE

    African Energy Chamber

  • ACECN makes a Stronger Case for Africa’s Emerging Sustainable Built Environment

    ACECN makes a Stronger Case for Africa’s Emerging Sustainable Built Environment

    By: Mohammed A. Abu

    The second edition of African Continental Engineering, Architecture, Construction and Real Estate Summit(ACEACRES,2024) the flagship event of the Africa Continental Engineering & Construction Network Ltd (ACECN),the organizing company, recently ended successfully  in Ghana’s capital city of Accra with a clarion call on the need to include sustainability practices especially in Ghana, Africa’s Sustainable Urban Built Environment.

    Professor, Taddeo Rusoke, a Ugandan Governance and Nature Solution Expert said, the sustainability practices included, allowing space for Green Belts, Green Spaces, Green Natural Gardens, Flower Gardens, Backyard Gardens, and Tree Growing.

    This he noted, will contribute to ambient environment that is naturally aerated by trees. Prof Busoke was one of the Key Speakers who made a presentation titled, “The Future of Forest Conservation in the Wake of Rising Global Housing Demand”

    In his concluding remarks, Mr. Daniel Kontie the convenor and CEO of ACECN, in partnership with other industry stakeholders, stressed the need to rotate the Summit across the African continent.

    Even though he was emphatic about holding the third edition in Ghana, he added that subsequent editions will either be hosted by Nigeria or Uganda in a rotating order.

    Held under the theme, “INTEGRATING SUSTAINABLE BUILT ENVIRONMENT FOR SOCIO-ECONOMIC TRANSFORMATION THROUGH THE USE OF NEW GENERATION TECHNOLOGY AND GENERATIVE ARTIFICIAL INTELLIGENCE”., the event brought together all sector players across the African continent and beyond to discuss industry best practices, modern innovations and technologies that are shaping the future of built environments across the globe.

    The event attracted a wide range of stakeholders in the built environment; the building contractors, construction firms, engineers, surveyors, planners, architects, project managers, land economists, real estate developers, builders, landscaping professionals, real estate professionals, building construction, professional Institutions, investors among others

    The Summit recorded a little over three hundred (300) in-person participants from Nigeria, Uganda and the United States of America (USA), with majority from the host country Ghana.

    Africa

    Nigeria

    Some of the high profile in-person participants from the African Continent were the keynote speaker Madam Engr. Margaret Aina Oguntala, FNSE, President, Nigerian Society of Engineers (NSE) Engr. Olu Ogunduyile FNSE Vice President, Council for the Regulation of Engineering in Nigeria (COREN),  Engr Dr. Modasiru Bola J. (Principal Partner, Prolarank Nigeria Ltd and General Secretary, the Nigerian Institution of Highways and Transportation Engineer (NIHTE),  Dr. Bldr. Abdulhakkeem Odegade, MD/CEO, Akmodel Group, Lagos, Nigeria,

    Mr, Stephen Merritt, USA, Roadbond EN1 & Technical Consultant, Jemba Solutions etc.

    Ghana

    Among the local industry leaders present were Ing. Isaac Bedu, Registrar, Engineering Council, Ghana, Engr. Seth Ayim, Executive Director, Institute of Engineering and Technology Ghana (IET-GH), Engr. Ben Debrah, National President, Local Government Service Engineers (LoGSEA), Engr. Awal Sakib Mohammed, National President, Ghana Electrical Contractors Association (GECA), Dr. Ebenezer Mireku, President, Commercial Quarry Operators Association (COQOA), Mr. Samuel Nii N. Tackie, National Vice President, Certified Electrical and Wiring Professionals Association (CEWPAG), Engr. Jacob Ansong, National President, Ghana Institution of Real Estate Brokers (GhIREB), Dr. Gabriel Apotey, member, Ghana Institute of Safety and Environmental Professionals (GhISEP) etc.

    East Africa

    Uganda

    Prof. Taddeo Rusoke, Climate Governance & Nature-Based Solutions Expert, Uganda, East Africa, Dr. John Rwakihembo, PhD (Accounting & Finance): Dean, Faculty of Business and Management Sciences, Mountain of the Moon University, Uganda, East Africa

    North America

    USA

    Mr., Stephen Merritt, USA, Roadbond EN1 & Technical Consultant.

    Issues Discussed

    Among the key issues discussed at the event was the urgency of integrating the African Built Environment, about which Mr. Daniel Kontie the convener of ACEACRES, 2024 and the CEO of the organizing company, the Africa Continental Engineering & Construction Network spoke passionately about.

    He added that, integration makes the cake no longer a national cake but a continental cake bigger than what anyone can bite hence making the opportunities bigger for all industry players.

    The others were major factors affecting the industry growth, the impact of AI on the built environment, the adoption of sustainability and how industry issues affect the delivery of housing and infrastructure in Ghana and Africa at large.

    Opportunity for Sponsors

    Sponsors had the opportunity to engage in B2B, B2C networking opportunities, with some connected with manufacturers, distributors, wholesaler’s retailers as well as end consumers. Many had the opportunity to meet potential investors, enhanced their brand visibility, generated real time leads, gained industry insights, modern trends, identified new business opportunities, sealed partnership deals, shared product knowledge and utility information with potential customers, demonstrated their unique selling proposition to potential customers, built strong network with influential industry players, connected with top-rated projects /contractors/professionals in Ghana and across the African continent etc.

    What Participants Stood to Gain

    Participants on their part,had the opportunity to network with industry leaders, access to cutting edge insights and new trends, learnt from successful case studies, built personal capacity for resilience, exposed to new business opportunities, gained inspiration and motivation from industry thought leaders, built relationship with potential employers/employees and mentors, accessed innovative products, met with potential investors, shared their perspective during Q&A session, identified lucrative business niches in the industry et cetera.

    Event Partners

    The event Partners include, the Ghana Institution of Engineering and Technology (IET-GH), the Association of Building and Civil Engineering Contractors of Ghana (ABCECG), the Ghana Electrical Contractors Association (GECA), Ghana Institute of Construction (GIOC), Certified Electrical Wiring Professionals Association (CEWPAG), Ghana Association of Real Estate Brokers (GAREB), Local Government Service Engineers Association (LoGSEA), Commercial Quarry Operators Association (COQOA), Engineering Council, Ghana, (EC), the Real Estate Council, (REAC), the Ghana Institute of Safety and Environmental Professionals (GhISEP), the Nigerian Society of Engineers (NSE) with Nimark Consult, and Culnad Construction Ltd, as construction firms among several others.

    Event Sponsors

    The Principal Sponsors of the event include, Gerflor Ghana, Meprolim Ghana, as headline sponsors. The rest are Premier Steel, McDan Group, Jemba Solutions Ltd, Fort Doors Ghana, the Primus Group, Alusynco Hellas Services Ltd, Marbelino Marble Stones Décor, Mayfair Estate Ltd, Reroy Cables Ltd, J2 Affable properties, Sethi Realty, Sethi Steel, Nimark Consult, ABS Properties, United Commercial Trading, Culnad Construction, CIMAF, Magil Enterprise Ltd.

    The organizer is the Africa Continental Engineering & Construction Network Ltd (ACECN), a Pan African built environment and real estate firm based in Ghana but with a wide range of projects and network of built environment professionals across the African continent and beyond.

    ACECN’s Objective

    “The objective, Mr. Kontie said, was to set the stage for the integration of the African built environment whilst creating the opportunity for more partnerships/collaborations and the promotion of sustainability for corporate growth and for the African continental prosperity at large”

    Mission

    The mission is to be the industry game-changer in the delivery of superior general built environment services in all disciplines while championing the course of contemporary innovations and sustainability geared towards the socio-economic transformation of the African continent.

    Vision

    Its vision is to be among Africa’s top five (5) built environment brands in the next 10 years from 2024 while creating a strong continental network and integration of Africa’s fragmented built environment through a high-power professional, intergovernmental and sustainability networking across the globe.

    In a post event exclusive interview with the Eco-Enviro News Africa magazine., Daniel Kontie, said, the Summit brought together all stakeholders of the African built environment.

    “It was indeed a time of introspection that examined the past, the present and projections into the future of the African built environment in this AI dispensation.

    “The core mandate was to communicate to all stakeholders yet again, the urgent need to integrate the African Built Environment for Socio-Economic Transformation of the African Continent.

    “It was by far Africa’s most impactful built environment and Real Estate Summit that brought together all sector players across the African continent and beyond to discuss industry best practices, modern innovations and technologies that are shaping the future of built environments across the globe” Mr. Kontie intimated.

    Objective

    “The objective, Mr. Kontie said, was to set the stage for the integration of the African built environment whilst creating the opportunity for more partnerships/collaborations and the promotion of sustainability for corporate growth and for the African continental prosperity at large”

     

     

  • COP29 ends with compromise on climate financing

    COP29 ends with compromise on climate financing

    The UN climate change conference ended on 24 November with a pledge from developed nations to contribute at least $300 billion annually to support adaptation.

    After two weeks of intense negotiations, delegates at COP29, formally the 29th Conference of Parties to the UN Framework Convention on Climate Change (UNFCCC), agreed to provide this funding annually, with an overall climate financing target to reach “at least $1.3 trillion by 2035”.

    This summit had been dubbed the ‘climate finance COP’, and representatives from all countries were seeking to establish a new, higher climate finance goal.

    The target, or new collective quantified goal (NCQG), will replace the existing $100 billion goal that is due to expire in 2025.

    Reacting to the outcome, UN Secretary-General António Guterres said that while an agreement at COP29 was absolutely essential to keep the 1.5-degree limit alive, “I had hoped for a more ambitious outcome – on both finance and mitigation – to meet the great challenge we face.”

    But he continued, this agreement provides a base on which to build and added: It must be honoured in full and on time. Commitments must quickly become cash. All countries must come together to ensure the top-end of this new goal is met.”

    Developing countries, which had sought over $1 trillion in assistance, said the pledge of financing was too little too late.

    The WMO delegation at COP29, headed by Secretary-General Celeste Saulo, highlighted the urgency of drastic reductions in greenhouse gas emissions – and more financing to build resilience, and in particular to strengthen early warning systems.

    According to WMO’s State of the Climate Update, the year 2024 is on track to be the hottest on record and temporarily hit 1.5°C. Greenhouse gas levels are at record observed levels. Sea level rise is accelerating, glacier retreat is unprecedented, and extreme weather events have caused major loss of life and livelihoods around the world.

    “The time for action is now,” said Celeste Saulo. “If you want a safer planet, it’s our responsibility. It’s a common responsibility, a global responsibility,” she said.

    The COP29 outcome is a gesture of support for the most vulnerable, said Celeste Saulo. But much more needs to be done.

    Celeste Saulo, WMO Secretary-General, at COP29
    Following on from COP29, WMO will prioritize accelerated action to strengthen global climate mitigation and adaptation, and reduce loss and damage. It will continue leveraging its State of the Climate reports to inform climate policy, finance, and action.

    Key focus areas include scaling up the Early Warnings for All initiative to ensure comprehensive early warning coverage, and advancing Global Greenhouse Gas Watch to improve monitoring and mitigation.

    Another priority is to close the gaps in Earth observations. These are necessary to inform both mitigation and adaptation, as was noted in the SBSTA Chair summary. WMO will take a similar approach to closing the gaps in Multi-Hazard Early Warning Systems.

    At COP29, additional contributions were announced to the United Nations Systematic Observations Financing Facility (SOFF) that is now capitalized with more than US $100 million to support countries in closing their basic weather and climate data gaps.

    A consolidated WMO strategy to support countries in updating Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs) to reflect these elements will be developed. A critical element will be positioning National Meteorological and Hydrological Services (NMHSs) as the authoritative voice of hydro-meteorological early warnings and central actors in driving science-based solutions, ensuring their enhanced role in implementing climate policies and strategies worldwide.

    Wide shot of the plenary hall at the UN climate conference, COP29, in Baku, Azerbaijan.
    UNFCCC/Kiara Worth
    Other steps forward at COP29 included:

    Countries agreed on the rules for a UN-backed global carbon market. This market will facilitate the trading of carbon credits, incentivizing countries to reduce emissions and invest in climate-friendly projects.

    They agreed to an extension of a programme centered on gender and climate change; and agreement on support for the least developed countries to carry out national adaptation plans.

    UN Climate Change Executive Secretary Simon Stiell described the new finance goal agreed at COP29 as “an insurance policy for humanity.”

    “This deal will keep the clean energy boom growing and protect billions of lives.  It will help all countries to share in the huge benefits of bold climate action: more jobs, stronger growth, cheaper and cleaner energy for all. But like any insurance policy – it only works – if the premiums are paid in full, and on time.”

    He acknowledged that no country got everything they wanted, and that the world leaves Baku with a mountain of work to do. “So, this is no time for victory laps. We need to set our sights and redouble our efforts on the road to Belém,” in the eastern Amazonian region of Brazil, which is set to host COP30 next year.

    Further reading:
    UNFCCC concluding press release
    COP29 website

    SOURCE

    UN NEWS

  • 5th Session of the Intergovernmental Negotiating Committee to Develop an International Legally Binding Instrument on Plastic Pollution, Including in the Marine Environment

    5th Session of the Intergovernmental Negotiating Committee to Develop an International Legally Binding Instrument on Plastic Pollution, Including in the Marine Environment

    In their last scheduled meeting to agree on treaty text to “end plastic pollution,” negotiators may base their discussions on a new non-paper by INC Chair Luis Vayas that builds on the common ground between countries.

    With seven days left to agree on a new treaty text on plastic pollution, Kim Wan Sup, Minister of Environment, Republic of Korea, set the stage for the final scheduled round of negotiations, stressing that “we must end plastic pollution before plastic pollution ends us.” As science continues to reveal the layers of impact due to the burden of plastic pollution, including to human health and the Earth’s ecosystems, this statement struck a chord with many delegates on the first day of the fifth session of the Intergovernmental Negotiating Committee (INC-5) to develop an international legally binding instrument (ILBI) on plastic pollution, including in the marine environment.

    In his opening remarks, INC Chair Luis Vayas Valdivieso (Ecuador) emphasized that adopting an agreement to end plastic pollution is possible at this meeting, and urged delegates to show “unwavering commitment, relentless effort, and bold political decisions.

    In a video message, President Yoon Suk Yeol, Republic of Korea, urged delegates to stand together in solidarity and muster the political will to reach agreement on an effective and implementable instrument covering the full plastic lifecycle.

    Also in a video message, Cho Tae Yul, Minister of Foreign Affairs, Republic of Korea, stated that his country is fully prepared to work toward a treaty that is actionable, grounded in scientific evidence, and adaptable to national contexts.

    Reminding delegates that this day marked 1000 days since the UN Environment Assembly (UNEA) adopted resolution 5/14 to end plastic pollution, Inger Andersen, Executive Director, UN Environment Programme, urged them to: work towards bringing the “gavel down” on an ambitious instrument providing the broad contours and strokes for further work; conclude negotiations quickly on provisions with respect to which there is considerable convergence; and use UNEA resolution 5/14 as a “guiding star” when addressing provisions on which significant work remains, concerning plastic products and chemicals, supply, and finance. Jyoti Mathur-Filipp, Executive Secretary, INC Secretariat, lauded the courage and determination shown by INC members over the past two years, and the strong community built together over this period.

    After getting assurances that the rule of procedure related to voting in the absence of consensus would not be invoked, delegates shared views on the mode of work, including the text to be used as a basis for negotiations.

    Several delegations announced that the Chair’s Non-Paper, which had been circulated in advance of the meeting, should not be used as a basis for discussions in its current form, calling instead for a revised version, reflecting submissions by states and emphasizing that this “is a state-driven process, and the compilation text reflects the views of states.” They also underlined the need to include separate articles related to the objective, scope, and principles governing the new treaty, which are absent from the Non-Paper.

    Many more states, however, supported the Non-Paper providing the basis for negotiations, noting that the text can be modified based on members’ additions through the negotiation process. Most states in this camp noted that the Non-Paper is not perfect, but expressed a willingness to use this “bridging text” as the basis for negotiating the new treaty in order to fulfil the Committee’s mandate to conclude treaty negotiations by the end of 2024, as stipulated in UNEA resolution 5/14.

    INC Chair Vayas emphasized that the Non-Paper is a starting point for deliberations, and not a final outcome, stressing that the text is bracketed in its entirety and does not prejudge member’s positions. Furthermore, he said that the compilation text will provide an authoritative reference and that all issues will receive equal attention.
    He clarified that members would be able to make additional submissions in the contact group discussions; and pointed to the role of the legal drafting group, which would streamline the text forwarded to it throughout the week. Delegates agreed to work on the basis of this proposal, and plenary was adjourned.
    In the evening, two contact groups convened:

    • Contact Group 2, co-chaired by Oliver Boachie (Ghana) and Tuulia Toikka (Finland), broadly addressing plastic waste management, emissions and releases, existing plastic pollution, including in the marine environment, and just transition; and
    • Contact Group 4, co-chaired by Han Min Young (Republic of Korea) and Linroy Christian (Antigua and Barbuda), opening considerations on implementation and compliance, national plans, reporting, monitoring of progress and effectiveness evaluation, information exchange, and awareness, education and research.
    • SOURCE(EARTH NEGOTIATIONS BULLETIN)
  • Morocco Earmarks One Million Hectares of Land for the Construction of Green Hydrogen Projects and Real Estate

    Morocco Earmarks One Million Hectares of Land for the Construction of Green Hydrogen Projects and Real Estate

    Morocco has pledged to award one million hectares of land to facilitate the construction of its green hydrogen projects. Furthermore, the government plans to allocate this vast land to develop real estate projects as part of its “Morocco Offer” initiative.

    Prime Minister Aziz Akhannouch highlighted that this enormous land allocation will support integrated green hydrogen projects, enhancing Morocco’s competitiveness in the global market. In addition to the land allocation, the government is implementing measures to streamline the real estate sector. This includes simplifying administrative procedures, reducing required documents, and establishing regional urban planning agencies.

    The goal is to create jobs, attract investment, and improve access to public services. These initiatives demonstrate Morocco’s commitment to sustainable development. It also highlights the country’s ambition to become a global leader in green hydrogen production while fostering a thriving real estate market.

    The State of Affairs Regarding Morocco’s Green Hydrogen Projects

    With the allocation of the vast land in check, the implementation of Morocco’s green hydrogen projects is all but assured. The authorities will allocate 300,000 hectares to be divided into lots of 10,000 to 30,000 hectares, depending on the size of the planned projects.

    The government said it will assign the land to private investors and track the project development. It has reportedly received several expressions of interest from around 100 national and international investors. It said the first preliminary contracts could be signed by the third quarter of 2024.

    Laila Benali, the minister of energy transition, noted the importance of private investments for the country, which needs to triple its annual investments in renewable energy and multiply its investments by five. Benali said that Office Chérifien des Phosphates (OCP) recently launched an investment plan worth $14.2 billion.

    The plan seeks to promote the manufacture and development of various projects. These include the manufacture of green fertilizer, the launch of renewable energy production, and the development of seawater desalination projects.

    SOURCE

    CONSTRUCTION REVIEW

  • West Africa Set for Downstream Boost with African Refiners and Distributors Association (ARDA) Participation at MSGBC 2024

    West Africa Set for Downstream Boost with African Refiners and Distributors Association (ARDA) Participation at MSGBC 2024

    DAKAR, Senegal, July 10, 2024/ — In support of the development and deployment of liquefied petroleum gas (LPG) solutions throughout the continent, pan-African downstream organization the African Refiners and Distributors Association the UN-backed Global LPG Partnership have mobilized $1 billion in financing for clean cooking solutions in Africa.
    As such, the participation of ARDA Executive Secretary Anibor Kraghan as a speaker at this year’s MSGBC Oil, Gas & Power 2024 conference – taking place in Dakar from December 3-4 – will showcase the role downstream expansion has in delivering an inclusive energy future in Africa.

    Representing the only pan-African organization for the continent’s downstream sector, ARDA’s mandate to become a voice for all African downstream stakeholders is becoming more effective. At a time when disruptions in global supply chains continue to cause price shocks and instability worldwide, many African countries continue to rely heavily on refined product imports.

    In this context, ARDA advocates the need to improve investment across the downstream sector so that Africa can improve energy security and self-reliance with upgrades to existing refineries, the construction of new facilities and the establishment of regional distribution networks.

    Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.MSGBCOilgGsandPower.com to secure your participation at the MSGBC Oil, Gas & Power 2024 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Having recently joined the ranks of oil-producing nations from its first shipment of crude oil from the Sangomar field development this month, Meanwhile, in May 2024, Senegal’s Saint-Louis Region Governor Alioune Badara Sambe announced that the country will build a new 250 MW gas-to-power plant near Saint-Louis, which will leverage gas from the country’s flagship Greater Tortue Ahmeyim (GTA) field – due to start production by the end of this year.

    Senegalese energy company West Africa Energy plans to open the country’s first and largest combined cycle gas power station in December 2024. The Cap des Biches plant will have an initial estimated capacity of 160 MW and leverage sizeable gas reserves to be brought online by large-scale projects underway in the region.

    Currently in its construction phase, the project is expected to enter generate 2,390 GWh of electricity for consumers. Meanwhile, with a capacity of 360 MW, the Sandiara gas-to-power plant is slated to start construction this year in Senegal’s Special Economic Zone and will feature an annual production capacity of 2,900 GWh.

    West Africa’s oldest refinery, the Société Africaine de Raffinage refinery in Senegal is currently undergoing major upgrades. The country’s government is currently in discussion with financial institution the African Export-Import Bank to support $500 million in syndicated finance to increase annual production from 1.5 million to 3.5 million tons of refined petroleum products.

    With sizeable offshore oil and gas reserves, the MSGBC region’s abundance of natural resources is set to drive downstream investment while providing much-needed energy development to the West African region.

    In addition to the Sangomar and GTA developments, the MSGBC region is home to the Yakaar-Teranga field, offshore Senegal, which holds confirmed reserves of 25 trillion cubic feet (tcf) of natural gas. meanwhile, the BirAllah gas field offshore Mauritania is estimated to contain nearly 60 tcf of gas and is poised to commence production in the third or fourth quarter of 2024.

    In light of these developments, the MSGBC region’s downstream industry represents a highly attractive investment opportunity owing to rising regional demand, industry-focused policies and the introduction of local oil and gas to the market in 2024. As such, Kragha’s participation at MSGBC 2024 is set to examine developments across the regional downstream industry, challenges faced and strategies for expanding infrastructure.

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

    SOURCE
    Energy Capital & Power