General

Decentralized Energy Storage

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That batteries store electricity is a truism. But that liquid air, minus 196 degrees, can do the same, should come as a surprise to most people. The london-based start-up company highview power has proven it. Since 2018, it has been operating a demonstration plant with a capacity of five megawatts (MW) at the Pilsworth landfill site in Greater Manchester. Now the company is planning to install a 50-MW plant on the site of a former thermal power station in northern England.

Benefits:

  • Locatable Anywhere
  • Competitive Pricing
  • Long Lasting
  • Compact & Clean
  • Modular / Flexible
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Nigeria

Nigeria, strongest economy besides South Africa

Nigeria is the most important economic power in Africa besides South Africa. Nigeria has been producing oil for more than 50 years, yet a large part of the population lives in oppressive poverty. The consequences of oil production for the environment are catastrophic in the Niger Delta. Africa’s most populous country is dynamic, diverse, but also rich in conflict. These are often carried out along ethnic and religious dividing lines. Current articles on Nigeria can be found here.

Source: www.tagesspiegel.de, 2019

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Ethiopia

Ethiopia plants more than 350 million trees in one day

Ethiopia has set a new tree plant record: More than 350 million trees were planted in the drought-stricken country on Monday. This was announced by the country’s Minister of Agriculture, Umer Husen, on Tuesday. The seedlings were planted in more than 1000 locations across the country by initiatives, individuals and government officials, the British BBC reported. Ethiopia is convinced that this is a new world record.

With this action the country wants to take action against the deforestation of forests and prevent deserts from spreading. As part of the Ethiopian government’s “Green Legacy Initiative” under Prime Minister Abiy Ahmed, a total of four billion trees are to be planted in the coming weeks.

Source: BBC

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Nigeria

Nigeria outlook

On Monday, the 14th of January, the Nigeria Outlook event is held annually at the offices of Standard Chartered Bank in London. The event will provide an overview of Nigeria’s current macroeconomic position and discuss the political, economic and commercial prospects for the country in the year ahead. The keynote speaker will be Razia Khan, Chief Economist for East Africa and the Middle East at Standard Chartered Bank. Other speakers will be confirmed soon. Invest Africa members can register interest to Philippa Jalland.

Razia Khan – Chief Economist for Africa and the Middle East, Standard Chartered Bank

With over 20 years of experience covering emerging and frontier markets, Razia Khan is a well-known commentator on the region. She has provided regular updates to Central Banks, finance ministries and sovereign wealth funds. She currently serves on the WEF’s Global Future Council on Migration and on the Advisory Board of the Royal African Society. She was named one of the ‘100 Most Influential Africans’ in 2015 by New African Magazine and the ‘100 Africa Economics Leaders’ by Institut Choiseul (2017). Razia holds BSc and MSc (Econ) degrees from the London School of Economics.

Source: Invest Africa

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Kenya, Nigeria, South Africa

Africa’s direct investment rebound

The number of foreign direct investment (FDI) projects in Africa increased by 6 % in 2017, despite the continent experiencing sluggish growth, according to a report by EY. The top five FDI destinations – which accounted for over half of total investment – were South Africa, Morocco, Kenya, Nigeria and Ethiopia. The uptick in projects came as economic growth in Africa recovered following the lowest growth in over 20 years in 2016.

Source: African Business, Dec/jan 2ß10

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Investments in Africa