Seeds of Opportunity: The African Growth Series
August 2023 | Issue 1
In this week's issue, you will learn more about:
- AFRICA OPPORTUNITY: Unlocking Ethiopia's Trade
- UPCOMING EVENT: Transport Evolution Africa Awards 2023
- UPCOMING EVENT: Hydrogen-Africa 2023
- UPCOMING EVENT: Africa Energy Week (AEW) 2023
AFRICA OPPORTUNITY: Unlocking Ethiopia's Trade
The Addis-Djibouti road upgrade, backed by a US$73 million World Bank loan, is a pivotal step towards bolstering Ethiopia's international trade. Over 95% of Ethiopia's trade goes through this corridor, a crucial access point to the Indian Ocean. The project involves constructing 60km of a 126 km expressway, designing a one-stop-border post, and implementing policy and sector reforms in Djibouti’s transport sector. The road works will take 4.5 years whilst the various Djibouti consultancy services will take up to 3 years to complete. The upgrade will eliminate a currently inadequate 150km detour, reducing fuel and labor costs, thereby driving efficiency and trade capacity. The World Bank has committed US$730 million to improve road conditions, reflecting the gravity of the project. Dr. Kaiser Naseem, a banker for international development, stresses the significance of proper infrastructure and the role of the World Bank Group in funding it. The numbers reflect more than monetary investment; they signify an ambitious stride in Ethiopia's plan to become globally competitive. By modernising its road infrastructure, Ethiopia is setting the stage for a more streamlined trade process, fostering economic growth, and attracting foreign investments. This infrastructure investment will probably bring economic growth to the region.
UPCOMING EVENT: Transport Evolution Africa Awards 2023
⏳ The deadline for nominations is today, 4 August 2023 at 18:00.
⏲ The clock is ticking, and we're approaching the final moments to acknowledge the exceptional contributions of your peers! Your opportunity to propose deserving candidates for the esteemed Transport Evolution Africa Awards 2023 is slipping away.
Don't wait any longer! Act now by submitting your nominations through this link: https://lnkd.in/dhMUrCb6
UPCOMING EVENT: Hydrogen-Africa 2023
Frost & Sullivan Africa is excited to announce its partnership with Hydrogen-Africa 2023 where it will serve as a Knowledge Partner, providing valuable insights, industry research, and expertise to support Hydrogen-Africa's initiatives.
Join Patrick Prestele, Consultant at Frost & Sullivan Africa as he shares his insights into the Feasibility of Hydrogen Production in Africa on 28 September.
Meet us on 28th-29th September 2023, at Emperors Palace, Johannesburg to engage with energy experts and other renowned industry leaders to accelerate the future of Africa's Hydrogen Economy!
➡ Delegate Registration link:
Delegate Registration link: https://lnkd.in/dmtWuevd
Email: marketing@hyrogen-africa.com
Contact: +27 (0) 65 982 8810
UPCOMING EVENT: Africa Energy Week (AEW) 2023
AEC African Energy Week 2023 is fast approaching! 🌍
Join us from 16-20 October in Cape Town, South Africa, at the V & A Waterfront, and experience Africa's booming energy markets.
➡ Click here to register: https://lnkd.in/d9y9Z2Tv
Secure your spot now and be part of 'The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization, and Free Markets.' Enquire more at https://aecweek.com/.
To find out more about opportunities in Africa, please get in touch with Lynne Martin.
