FOREWORD Journal of African Business A unique guide to business and investment in Africa.

Welcome to T he Journal of African Business. The first issue of the journal was published in 2020 as an annual publication. Since then, the quarterly format has been adopted, giving our team more opportunities to bring readers up-to-date information and opinions and offer our clients increased exposure at specific times of the year, either related to events and conferences or in conjunction with feature articles on specific topics.

Every edition carries editorial copy covering the following general topics, with a wide range of subjects within each broader economic sector: energy; mining and exploration; trade; finance; technology and tourism.

In addition to this, special features on topical matters will be published periodically, along with country profiles.

The positive reception accorded the first issues of The Journal of African Business was encouraging and we are optimistic that this publication and future issues will continue to meet the need for timely and relevant information in an exciting time for African business.

In this edition, the in-depth interview with Aggreko Head of Sales, Southern East Africa, Max Schiff, makes clear how important captive power is for the future viability of a wide variety of projects in Africa. As Schiff points out, the extractives industry has long been a leader in the application of captive power, given the remote location of many mining operations, but the flexibility and ESG advantages that captive power using renewables offers is making it an ever-more attractive option for many different sectors.

The two profiled countries in this issue are Angola and Mauritius.

FTI Consulting has done a deep-dive into the challenges facing the African mining sector in the era of enhanced environmental, social and governance reporting (ESG), the report on which is published here.

Another article notes that Afreximbank and the African Petroleum Producers Organization (APPO) have signed a memorandum of understanding (MoU) for the creation of a multi-billion-dollar energy bank while renewable energy is the topic of an International Finance Corporation (IFC) study on Africa’s immense onshore wind potential is immense.

Two partners at Spoor & Fisher interrogate the Intellectual Property considerations of the African Continental Free Trade Area, while Philip Myburgh, Head of Trade and Africa-China, Business and Commercial Clients for Standard Bank, comments on multiple factors which have caused turmoil in trade and logistics.

Finally, two articles examine different aspects of tourism in Africa today. A brand initiative to find the “Best Places in Africa” has been announced and Zimbabwe has a smart new hotel on the banks of the Zambezi River.

Global Africa Network is a proudly African company which has been producing region-specific business and investment guides since 2004, including South African Business and Nigerian Business, in addition to its online investment promotion platform www.globalafricanetwork.com

JOHN YOUNG

Editor, Journal of African Business

Email: john.young@gan.co.za

Editor: John Young

Publishing director: Chris Whales

Managing director: Clive During

Online editor: Christoff Scholtz

Design: Simon Lewis. Production: Yonella Ncaba

Ad sales: Venesia Fowler, Tennyson Naidoo, Sam Oliver, Tahlia Wyngaard, Gavin van der Merwe, Graeme February, Shiko Diala, Gabriel Venter and Vanessa Wallace

Administration & accounts: Charlene

Steynberg, Kathy Wootton

Distribution & circulation manager: Edward MacDonald

The Journal of African Business is published by Global Africa Network Media (Pty) Ltd Company Registration No: 2004/004982/07

Directors: Clive During, Chris Whales

Physical address: 28 Main Road, Rondebosch 7700 Postal: PO Box 292, Newlands 7701 Tel: +27 21 657 6200 | Email: info@gan.co.za Website: www.globalafricanetwork.com

No portion of this book may be reproduced without written consent of the copyright owner. The opinions expressed are not necessarily those of The Journal of African Business magazine, nor the publisher, none of whom accept liability of any nature arising out of, or in connection with, the contents of this publication. The publishers would like to express thanks to those who support this publication by their submission of articles and with their advertising. All rights reserved.

FOREWORD

From the editor’s desk.

NEWS FROM THE CONTINENT

Recent investments, expansions and milestones.

THE CASE FOR CAPTIVE POWER IN AFRICA

Aggreko’s Max Schiff outlines how various captive power options can mitigate disruptions and how the company is investing heavily in battery-storage solutions.

AFRICAN MINING IN THE ESG ERA

FTI Consulting has done a deep-dive into the challenges facing the African mining sector in the era of enhanced environmental, social and governance reporting (ESG).

A NEW ENERGY BANK AIMS TO INCREASE PRIVATE INVESTMENT IN AFRICAN OIL AND GAS PROJECTS

Afreximbank and the African Petroleum Producers Organization (APPO) have signed a memorandum of understanding (MoU) for the creation of a multi-billion-dollar energy bank.

THE WINDS OF ENERGY CHANGE ARE BLOWING IN AFRICA

An International Finance Corporation (IFC) study has found that Africa’s onshore wind potential is immense. Green Energy Africa Summit records how that potential is being realised.

HOW SOUTH AFRICA CAN POWER GREEN INVESTMENTS AND END LOADSHEDDING

With South Africa’s energy crisis showing no sign of slowing down, Wesgro CEO Wrenelle Stander comments on the urgent need to accelerate green investments.

WHAT ARE THE INTELLECTUAL PROPERTY CONSIDERATIONS OF THE AFCFTA?

Two experts examine the intellectual property implications of the AfCFTA agreement.

AFRICAN BUSINESSES SHOULD DIVERSIFY SUPPLY CHAINS TO MITIGATE THE GLOBAL LOGISTICS CRUNCH Philip Myburgh comments on multiple factors which have caused turmoil in trade and logistics.

“BEST PLACES IN AFRICA” WILL SHINE A SPOTLIGHT ON AFRICAN BRANDS

A new initiative to promote African brands in tourism, investment and citizen mobilisation.

VICTORIA FALLS HAS A NEW LUXURY HOTEL

The Palm River Hotel has opened on the banks of the Zambezi River.

AFRICAN EVENTS

Upcoming business and trade events in South Africa.

COUNTRY PROFILE: ANGOLA

A major oil producer is trying to diversify its economy

COUNTRY PROFILE: MAURITIUS

The financial services sector is vibrant and growing