Green manufacturing fuels renewables demand

• Steel production is highly energy-intensive. Power can account for up to 40% of production costs in the industry, and renewables are likely to offer economic benefits.  

• Namibia has so far imported steel imports from South Africa but is positioning itself as a leader in green steel production. It aims to tap into its renewable energy potential (wind and solar) to support this.

• Our take: The geographical locations of South Africa, Egypt, and Algeria give them a strong foothold in competing with Namibia in green steel manufacturing… Read more (2 min)

Mulilo Energy expands senior workforce by 77%

• Mulilo's total workforce now stands at 147, up from 83 a year ago. Over the past three weeks, we have continuously seen open advertisements for top talent by Mulilo Energy in our Job boards. The company advertised 9 roles in this period.

• Mulilo secured a $200 million investment from Copenhagen Infrastructure Partners in 2023 and has since won more utility-scale battery projects in South Africa than any of its rivals, despite a growing number of competitive entries.

• Our take: Given its rapidly expanding portfolio, we expect Mulilo’s senior hiring spree to continue… Read more (2 min)

Op-ed: The energy transition needs more from African banks

• Commercial banks in Africa have so far made relatively small investments in renewable energy, despite the continent's immense demand for it. This limited engagement has largely been due to outdated policies and regulations that did not incentivise such investments. However, the situation is now changing.

• Our guest columnists argue that banks must evolve with markets and adopt long-term, sector-led strategies. They should be present, informed and involved from early planning to final deal execution and implementation.

• Click here to read the full opinion article (2 min)