Seeds of Opportunity: The African Growth Series
May 2024 | Issue 1
In this week's issue, you will learn more about:
- AFRICA TREND: Critical Metal Investment Requirements
- AFRICA TREND: Industrial AI Revolutionising Manufacturing in Africa
- AFRICA TREND: South African Voter Eligibility
- UPCOMING EVENT: AUTOMECHANIKA MOBILITY AND LOGISTICS CEO BREAKFAST
- UPCOMING EVENT: Enlit Africa 2024 | CTICC, CAPE TOWN
- UPCOMING EVENT: African Smart Cities Summit | Johannesburg
AFRICA TREND: Critical Metal Investment Requirements
In 2023, Frost & Sullivan Africa consultants highlighted the steps necessary for Africa to keep pace with the global energy transition. In this post, we will evaluate the progress made on the continent in one year. The first step highlighted involves the development of quality mining projects in metal-rich countries to establish Africa as a supplier in relation to global demand. Next, Frost & Sullivan Africa proposes the improvement of local refining capabilities so that more of the value chain can be captured by local economies. This can vastly improve employment capacities and positively impact economic growth. Lastly, relevant countries need to do what they can to develop intra-continental end-to-end value chains to avoid the loss of potential wealth available within the energy transition.
One must be aware that the world's transition to new energy systems will continue to occur with or without Africa. Therefore, the time to invest is now.
AFRICA TREND: Industrial AI Revolutionising Manufacturing in Africa
Africa's industrial landscape is undergoing a profound transformation with the integration of Artificial Intelligence (AI) into manufacturing processes. According to a recent Frost & Sullivan report, Industrial AI ranks as the top growth opportunity in industrial automation, with a projected CAGR in Africa of 25.01% from 2024 to 2030. This surge in AI adoption presents immense potential for Africa, enabling enhanced productivity, competitiveness, and innovation within the manufacturing sector.
Strategic partnerships play a pivotal role in this evolution, facilitating the development of tailored solutions in predictive maintenance, AI-driven robotics, and supply chain management. Moreover, the democratisation of technology allows for broader access to advanced systems, empowering manufacturers of all sizes to innovate and compete globally.
AFRICA TREND: South African Voter Eligibility
Of the 60 million people who call South Africa home, less than 50% of the country is registered to vote in the upcoming elections on the 29th of May. Considering those exempt from voting, such as non-citizen residents and citizens under the age of 18, there is a remaining 42,2 million people on which the country’s fate is relying.
It is crucial that the resultant government of an election is representative of the demands, preferences, and ideals of the nation, which cannot happen if only 64% of those eligible are registered to take part in the election process. This impacts the economy, business environment, and associated legislation that guides business in South Africa. Therefore, ensuring an outcome that accurately represents the needs of all who call South Africa home is imperative for the next five years until the next national elections.
UPCOMING EVENT: AUTOMECHANIKA MOBILITY AND LOGISTICS CEO BREAKFAST
Research Director at Frost & Sullivan Africa, Craig Parker will deliver his insights into the Commercial Vehicle Aftermarket at Messe Frankfurt South Africa's mobility and logistics business breakfast, tomorrow at 08h00. Taking place at the Kyalami Grand Prix Circuit and Conference venue in Johannesburg, this event is aimed at mobility and logistics industry CEOs, Government representatives, and senior executives.
UPCOMING EVENT: Enlit Africa 2024 | CTICC, CAPE TOWN
Join us at Enlit Africa (21 – 23 May, CTICC) for a game-changing experience. Connect with innovators, explore breakthrough technologies, and be part of the energy and water revolution shaping our continent's tomorrow. Secure your spot today and let's illuminate Africa together!
Be a part of the discussion on 22 May as Ian Nathan (Director, Gas and LNG Research, Energy Intelligence) will moderate the panel discussion 'Africa’s Transitional Fuel Game Changer – Natural Gas: The role of LPG as a transition fuel for Africa.'
Panellists include:
▪ Paul Eardley-Taylor, Oil & Gas, Southern Africa, Standard Bank, South Africa
▪ Sandisiwe Ncemane, GM: Gas Commercialisation & Aggregation (acting), CEF, South Africa
▪ Wayne Glossop, Development Director, GLOSSOP
▪ Hendrik Malan, Africa CEO & Partner, Frost & Sullivan Africa
▪ Olakunle Williams, Chief Executive Director, Tetracore Energy Group Limited, Nigeria
▪ Thabang Audat, Chief Director, Planning, Department of Mineral Resources and Energy
⚡Get your 𝙁𝙍𝙀𝙀 visitor pass: https://lnkd.in/dpqetdrg
⚡Unlock more opportunities, get your delegate pass: https://lnkd.in/drg_SXVs
UPCOMING EVENT: African Smart Cities Summit | Johannesburg
The African Smart Cities Summit, is Africa’s only dedicated conference that explores and tackles the continent’s readiness to adopt smart methodologies, technology, and creative thinking for implementation on current infrastructure. Taking place at the Gallagher Convention Centre in Johannesburg 5 June 2024, this exclusive gathering of key smart cities private and public stakeholders features within Big 5 Construct South Africa and is one of the must attend events in the smart cities calendar.
Hendrik Malan, an African Smart Cities Summit Advisory Board Member, will participate in a panel discussion on the trends, challenges, and opportunities for the future of African Smart Cities.
👉 Secure your delegate pass now: https://bit.ly/3UleQ5A
To find out more about opportunities in Africa, please get in touch with Lynne Martin.
