Providing the Energy Africa Needs While Accelerating Transition to a Net Zero Economy - 2023 U.S.-Africa Business Summit

Corporate Council on Africa conducted a panel discussion on Wednesday, July 12, 2023 that delved into the pressing topic of achieving sustainable energy development in Africa while transitioning towards a net-zero economy. The discussion, was led by a diverse array of experts, including H.E. Mohamed Bazoum, President of Niger; H.E Nangolo Mbumba, Vice President of Namibia; Mr. Akol E. Ayii, Chairman, Trinity Group; Mr. Mamadou Beye, General Manager of Corporate Affairs for Middle East, Africa, and South America, Chevron; Ambassador Dan Feldman, Partner, Covington; Dr. Kevin Kariuki, Vice President at African Development Bank Group; and Mr. Lungisa Fuzile, CEO of Standard Bank South Africa. The session was moderated by journalist Kefilwe Mokgaotsane from Botswana Television.The session began with an interesting dialogue around the topic of infrastructure and climate change. Mr. Akol E. Ayii from Trinity Group, highlighted the importance of risk management in infrastructure, given the climate challenges like floods. Encouraging businesses through government incentives is essential for the development of climate-resilient infrastructure, he stated.Mr. Mamadou Beye of Chevron, emphasized a multi-faceted approach to achieve net-zero emissions in Africa, by leveraging renewable resources, upgrading infrastructure, and promoting energy efficiency, noting that collaboration between various stakeholders is crucial to ensure the successful transition.Ambassador Feldman addressed the complex regulatory challenges African nations face in the energy transition. He underscored the significance of the upcoming COP28 in Dubai and highlighted the need for expanding clean energy access, regulating transport emissions, and fostering public-private partnerships.President Bazoum discussed the readiness of African countries to welcome foreign investment and technology in mineral exploration, emphasizing the need for transparency and collaboration.Namibia’s Vice President, Nangolo Mbumba, announced a shift towards green hydrogen production, leveraging the nation’s climatic advantages. Later in the discussion, Ambassador Dan reiterated the urgency to meet global climate targets, emphasizing technology scalability and nature-based solutions.Dr. Kevin Kariuki from the African Development Bank Group highlighted their supportive role in aiding African nations’ energy transition plans, citing recent financial commitments. Other companies sharing their corporate responsibility plans included Chevron’s commitment to the African continent, as Mr. Beye detailing their efforts in renewable energy investments and methane emissions capture.Mr. Lungisa Fuzile emphasized the importance of acknowledging the different stages of energy transition in various countries, advocating for understanding and patience.Concluding the discussion, Mr. Akol spotlighted the effectiveness of public-private partnerships in addressing energy deficits, emphasizing the significance of a cohesive plan across nations.The discussion was insightful, reflecting the complexities and potential strategies for Africa’s energy landscape. Collaboration, investment, and tailored solutions emerged as central themes in driving the continent towards a sustainable and net-zero future.Click hereto watch the recorded session.