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DRC: ACERD expects renewable energy investment opportunities
The Congolese Association for Renewable and Decentralized Energy (ACERD) is organizing, from 02 to 03 July 2019, in partnership with ELAN RDC, a forum on investment opportunities in renewable energies. Its Chairman of the Board, Denis Banlier, spoke of three goals for holding these meetings.
First, the need to bring energy sector players together under one roof. These include investors, public authorities, sector operators, donors and NGOs in the sector.
Then, the usefulness to discuss on the challenges and opportunities of investment of the sector of the energy, this sector which is not yet very exploited in the DRC. And finally, the importance for these exchanges to serve as a bridge between donors and potential Congolese and foreign investors.
Four panels are chosen by the organizers to achieve the three objectives of this meeting. The first deals with opportunities and prospects for development in renewable energies; the second will go down on the business climate, renewable energies; the third is investment in the renewable energy sector; and the last one deals with consumer credit for renewable energies.
As for development opportunities in renewable energies, Maximilien Munga from the Coordination and Project Management Unit of the Ministry of Energy and Water Resources, the DRC represents a great opportunity in this sector.
Speaking of the existence of a national electrification master plan for the country, he examined the energy assets of the DRC:
– 82000MW of solar potential including 3.5-5.5kWh / m2 / day of average solar radiation;
– 100000MW of energy potential, of which 97285 MW is 97.3% of the total undeveloped potential;
– 15000MW of undeveloped wind potential;
– 60-140MW of biomass potential from agricultural residues that can supply between 80000 and 160000 households.
Faced with such great potential, we just have to combine a good business climate to attract and reassure both Congolese and foreign investors. Task to which the National Agency for the Promotion of Investments (ANAPI) is working.
The representative of the European Union at these meetings has identified some conditions to be met to talk about a good business climate. According to him, this is a reasonable macroeconomic environment, an improved business climate, information on human capital, the regulation of pricing and taxation and the stability of the country.
For his part, Michel EBOMA ABLAVI, Senior Adviser to the Head of State in charge of Mines and Energy, reassured that this sector is in the center of the interests of Felix Tshisekedi.
He promised to focus on improving the country’s low electricity rate. Hence, the sense of holding, in the coming days, a forum on the energy sector in one of the cities of the DRC.
Denis Banlier has finally reassured potential investors that lenders have made available 1 billion US dollars to finance the energy sector. They just have to overcome the constraints to access this funding to meet the 7th clean and affordable sustainable development goal.
The agenda of the day of 3 July provides a presentation of companies and projects in the renewable energy sector and B2B meeting between actors and donors.
The Congolese Association for Renewable and Decentralized Energy is an independent non-profit organization working in the renewable energy industry in the DRC.
Its major role is to promote sustainable development solutions and techniques through products and services in order to create viable and sustainable markets by promoting compliance with standards and norms.
Nadine FULA
The NBA is mourning the loss of one of its greatest defensive icons. Dikembe Mutombo, the former 7-foot-2 center, passed away at the age of 58 due to a brain cancer, as reported by The Athletic on Monday, September 30.
A defensive record-holder
Born in the Democratic Republic of Congo, Mutombo left an indelible mark on the NBA with his exceptional defensive skills. During his career, he won the Defensive Player of the Year award four times (1995, 1997, 1998, 2001), a record he shares with Ben Wallace and Rudy Gobert. Gobert, in achieving this feat, highlighted the legacy Mutombo left on the game.
Drafted in 1991 by the Denver Nuggets, Mutombo went on to play for several notable teams, including the Atlanta Hawks, Philadelphia 76ers, New Jersey Nets, New York Knicks, and finally the Houston Rockets, where he retired in 2009.
A life of commitment beyond basketball
Although Mutombo never won an NBA championship, with two finals losses (in 2001 with the 76ers and 2003 with the Nets), he was inducted into the Hall of Fame in 2015. Beyond his impressive sports career, he dedicated his life to humanitarian efforts, particularly in Africa. He worked tirelessly to develop basketball across the continent and to help those in need.
NBA Commissioner Adam Silver praised his contributions in a statement: “Dikembe dedicated his life to helping others. He was not only a great player but also a global ambassador for basketball and a humanitarian. His commitment to the community, especially in his native Congo, will be forever remembered.”
Mutombo’s legacy continues to inspire generations of players and humanitarians around the world.
ZoomEco
Africa is home to 83% of the world’s non-electrified population. A thundering paradox, given the continent’s immense hydroelectric potential.
The continent faces a shortage of affordable, reliable and sustainable energy. A think tank dedicated to the development of long-term public and energy policies points out that this is holding back the momentum of individuals and companies alike.
According to the experts, the pace of electrification needs to triple in order to absorb this deficit, rethink several economic models, and put Africans on the path to prosperity.
Dynamic project vehicles on the move
The World Bank Group has pledged to connect 250 million people to electricity, while the African Development Bank (AfDB) will do the same for a further 50 million.
The World Bank Group’s investments are already providing the impetus needed to reach the target, illustrated in its ambitious “Mission 300” program.
East Africa
On Thursday September 25, 2024, Bruno Tshibangu Kabaji, Managing Director of the Agence Nationale pour la Promotion des Investissements (ANAPI), and Hesham El Mekwad, the Egyptian ambassador accredited to the Democratic Republic of Congo, exchanged views on investment and trade issues.
The Egyptian diplomat was accompanied by Adham Thabet, development cooperation advisor at the Embassy of the Arab Republic of Egypt.
Discussions between the two personalities focused in particular on the role of ANAPI as the body responsible for supporting investors in the DRC.
While stressing the need to increase economic and commercial cooperation between Egypt and the DRC, the two parties encouraged Egyptian investors to step up their presence in several fields in the DRC, notably energy, transport, infrastructure and agriculture, fisheries and livestock.
With this in mind, the Egyptian Ambassador expressed the wish to establish regular contacts with ANAPI to support this mutual ambition.
Nadine FULA
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