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December 2017
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EDITO
Wednesday, 13 December 2017

The French electrical firm Schneider has announced a fund of €54.5 million euro to finance access to energy in sub-Saharan Africa. The Energy Access Ventures Fund specifically targets the 625 million inhabitants of sub-Saharan Africa who do not have access to electricity. They aim to bring electricity to one million households by 2020 through investments in about 20 small and medium African businesses. The fund shall provide technical assistance to businesses that are developing low-carbon and cheap energy to peri-urban and rural populations. The Schneider Group shall work in partnership with several European institutions such as the European bank of investment (BEI), the French agency for development (AFD) and the Africa business support and investment fund (Fisea).

The Local Enterprise and Value Chain Enhancement (LEVE) modernizationProject co-financed to the tune of $ 250,000 the Caribbean Harvest to enablethem to double their production of tilapia, from 1.2 to 2.4 tonnes. 300 cagesfor fry will be provided to 150 farmers who live on Lake Azueï to allow them tobreed fingerlings to market size. This co-financing will also be used toincrease the capacity of solar equipment to 60 kilowatts to the Farm HarvestCaribbean "The LEVE co-financing will enable more farmers to producetilapia, providing them and also to their families, improved livelihoods,"stressed Dr. Valentin Abe, CEO of Caribbean Harvest.

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Thursday, 05 March 2015

The cradle of humanity may soon become its radiator. Rift Valley, this 700km long fault that runs through eastern Africa to the Nile Valley in Mozambique is the place for geothermal energy: in the center, the earth's crust is thicker than about ten kilometers and there is no need to dig far to find hot water. At Olkaria near Lake Naivasha where glasshouse rose plantations produce for the cities in Europe, a large geothermal plant was established with the financial support of the French Development Agency (AFD).

Thursday, 29 January 2015

Italy is convinced of the need for closer cooperation with Africa, the continent of the future. It has everything to gain in a partnership between Europe and Africa, said the Managing Director of the Italian oil company ENI, Claudio Descalzi. Speaking of Prime Minister Matteo Renzi, Descalzi noted, he must "unite Europe to Africa to help in development; help develop its market; establish a virtuous relationship between the two continents. Do we have a choice? I do not believe it.” Naturally, Claudio Descalzi share the experience gained on the ground by his group, with over 50 years combined Cooperation (whatever its name) with the African continent.

No, Jean-Louis Borloo has not retired. If since his health problems, the former minister had finished definitively with politics, he now has another purpose: to electrify Africa. And his project is progressing well. The future is Africa. "I'm going to Africa every week", assured, enthusiastic, the former mayor of Valenciennes in October. Jean-Louis Borloo wants to do for Africa what we did for France after the war: building a grid. Currently, only 25% of the continent - excluding Tunisia, Algeria and Morocco - has access to electricity. His conclusion: stagnating Europe must invest in this future territory. “Africa is the gateway to Europe with rapid population growth, this may be our future ", said the former centrist leader.

While the world is in a state of upheaval, with emerging countries increasingly adding to environmental and climate damage (according to the Global Carbon Project, China was responsible for 27% of CO2 emissions in 2013), the paths taken by developing countries, in particular those in Africa, will be decisive for the future of the planet. Whether it relates to energy, climate or the environment, Africa must commit itself to a long-term transformation and use the wealth that it carries within itself to convert limitations into opportunities.

François Hollande has announced his ambitions concerning the future of the famous tax on financial transactions, or the Tobin tax.  Objective: to take this political hydra out of a dead-end. And the reason: on 9 December, in Brussels, the eleven countries debating this tax as part of a "closer cooperation" at European level expressed their disagreement.  In Lima, precisely, the countries of the South – in particular the Africa Group, the Small Island States, Saudi Arabia, the Philippines and Brazil – called for details on the financing channels for this fund, without success.

Thursday, 22 January 2015

The Seychelles President James Michel will be heading to Paris on a short working visit next week, at the invitation of his French counterpart Francois Hollande, State House has announced in a press statement issued this morning. During the visit Michel will hold discussions with Hollande, a meeting which comes just months after they met in the Comoros, together with other regional leaders, during the 4th Summit of the Indian Ocean Commission (IOC). "This visit... ... is an opportunity for Seychelles and France to strengthen their relations in the fields of Blue Economy, the fight against climate change, tourism, new energy and maritime security," reads the statement.

 

Thursday, 27 November 2014

The Caribbean needs to embrace a transition to 100 per cent adoption of renewable energy as if its very life depends on it. This was the general view from a panel discussion on alternative energy which formed part of the programme on Wednesday of Caribbean Exporters’ Colloquium 2014, organised by the Caribbean Export Development Agency (Caribbean Export) and funded by the European Union via the 10th European Development Fund (EDF). Alexis George, project officer with the Government of Dominica’s Geothermal Project Management Unit and president of Caribbean LED Lighting Inc. in Barbados, Jim Reid, contended it was achievable to have an economy based on 100 per cent adoption of alternative energy.

 

Thursday, 20 November 2014

Cabo Verde (Cape Verde) is due Tuesday to receive a business delegation from the European Union (EU), called “Mission for Growth”, composed of about 50 entrepreneurs from eleven Member States, the Cape Verdean press reported. The newspaper added that the group will visit the islands of Santiago, Sal and Sao Vicente and had already identified priorities in areas such as light industry, agri-business and tourism. The entrepreneurs belong to 40 organisations from eleven Member States – Portugal, Spain, Luxembourg, Czech Republic, Italy, Slovenia, Croatia, Germany, Belgium, the Netherlands and Hungary – and are interested in light industry (textile and footwear), agri-business, renewable energy, maritime and fishing industry and tourism.