Major players from within Africa’s energy industry are set to convene in Hamburg on the 27th and the 28th of March, 2019 for the 13th edition of an event dubbed the German-African Energy Forum.
Organized by the Afrika-Verein der deutschen Wirtschaft – the foreign trade association representing German companies and institutions with an interest in Africa – the affair will set the stage for German and Africa businesses as well as public enterprises to expand their ties, do deals, create jobs, combat energy poverty, and use German know-how to spur economic growth.
The event comes at a time when Africa’s liquid nitrogen gas (LNG) production is rising and set to change global energy dynamics.
South Africa, for instance, is on a path to be an LNG producer, while Congo, Cameroon, Tanzania, Equatorial Guinea, Ghana, Mozambique, Rwanda and Sudan continue to show progress as potential LNG powerhouses. German companies with the right technology have the immediate benefit of investing and executing contracts in power projects around Africa.
According to the African Energy Chamber, a progressive business network that promotes business and investment opportunities within the continent’s energy industry, African gas producers are going to deliver gas to the German market more than anyone imagined.
“There are too many African gas discoveries and projects in the pipeline that will reshape the gas market. The risk for Germany not acting fast will be competition from Asia and other European markets. Africans through initiatives like LNG to Africa are competing for these same resources,” the Chamber said in a statement issued this week.
Energy is still an area where German entrepreneurs can make considerable profits in power and petrochemicals. German and African businesses must play an integral part in the African diversification drive. It is profitable for both sides.
In that context, the 13th German-African Energy Forum is set to gather a very prestigious list of African participants, including ministers from South Africa, Angola, Morocco, Ghana, Sierra Leone, South Sudan, Nigeria, Equatorial Guinea, The Gambia, Burkina Faso, and Somalia.
“African countries must continue creating an enabling environment for German investors. It is critical for entrepreneurs and for job creation. Germany is a key partner for Africa, and German technology and know-how will be key in addressing Africa’s energy challenges,” explained NJ Ayuk, Executive Chairman at the African Energy Chamber.
At the Forum, African governments and companies will have a unique opportunity to network and discuss deals with leading German and European companies and investors such as ABB, Siemens, Allianz, Voith, Lucas Nülle, Inzag, Gauf Engineering, Andritz or Tractebel notably.
“German companies are global leaders in renewable energy, off-grid solutions, gas-to-power and the development of power infrastructure, especially in the transmission & distribution area. Attracting further German investments into Africa will be very beneficial to meet capital requirements in energy infrastructure and promote technology and skills transfers,” said Ayuk.