Isaac Twumasi Quantus's Blog (52)

Sustained Renewable Energy for Africa

I am pleased to have the opportunity to say a few words on a matter of great importance for us in Africa. It is particularly appropriate that for some weeks now I have been talking about renewable energy resources in Africa.

It is common knowledge that Africa is very well endowed with a rich variety of energy resources, including oil, coal, and other fossil fuels, hydroelectricity, solar and other sources of renewable energy.  Paradoxically, however,…


Added by Isaac Twumasi Quantus on February 27, 2012 at 11:30am — No Comments

South Africa set for carbon tax in 2013

Industry lobbying means nearly two thirds of emissions will be tax-exempt until 2020, under Treasury proposal.

South Africa could introduce a carbon tax next year if a proposal contained in the country's latest budget comes to fruition.

The Treasury yesterday put forward plans for a carbon tax of 120 rand (£10) per ton for emissions over and above a 60% threshold that will be set for a number of carbon intensive sectors, including electricity, petroleum, iron, steel and…


Added by Isaac Twumasi Quantus on February 27, 2012 at 9:18am — No Comments

Unilever committed to sustainability

Unilever Ghana Limited says it aims to inspire its consumers to adopt new, sustainable behavior that will prolong their lives and the company’s business.

This is in line with its social responsibility activitie, under its sustainable-living plan to grow the business profitably while reducing the environmental impact of its activities, said Mr. David Mureithi, Managing Director for West Africa.

Part of this plan involves the campaign for regular handwashing and brushing of…


Added by Isaac Twumasi Quantus on February 22, 2012 at 11:44am — No Comments

Finland eyes business openings in Ghana

Finland is eyeing investment opportunities in strategic areas of Ghana’s economy to hasten the growth of the country’s economy. Telecoms, Exports, Mining and the Oils sectors are sections of the economy engaging Finland’s attention.

A delegation from Finland on Wednesday, met with Trade Minister, Hannah Tetteh to iron out modalities of trade opportunities the two countries could explore together.

Speaking on Multi TV’s current affairs show, pm:…


Added by Isaac Twumasi Quantus on February 13, 2012 at 9:51am — No Comments

How do we ensure energy security in Africa?

What the developed world is failing to understand is that as Africa rises out of poverty, affordable and accessible energy becomes necessary to sustain this development, argues Shaun Nel, Programme Director of the Energy Intensive User Group.

Equally, Africa needs the developed world to invest in climate change technology and projects which will allow it to develop at an increased pace without placing additional pressures on greenhouse gas emission levels.

What the…


Added by Isaac Twumasi Quantus on January 4, 2012 at 3:27pm — No Comments

Investment in Africa Renewable Energy Reaches $3.6 Billion in 2011.

By. John C.K. Daly of

First, the bad news.

Although Africa has vast fossil and renewable energy sources, only twenty percent of its population has direct access to electricity and in some rural areas, four out of five people are completely without power. According to the UN, over 600 million Africans currently do not have access to electric power. A depressing 70 percent of Sub-Saharan Africa’s population is living without…


Added by Isaac Twumasi Quantus on January 4, 2012 at 3:00pm — No Comments

Kofi Annan speaks to See Africa Differently

Kofi Annan: Nobel Peace Prize-winner; former UN Secretary-General and now See Africa Differently interviewee! He speaks to Gary Nunn about the fibre optic cables that will transform Africa, the agricultural revolution that has already transformed Africa - and how we can transform perceptions of the continent

Gary Nunn (GN): See Africa Differently is a campaign to showcase the under-reported progress from Africa. As Chair of the Africa Progress Panel, what do you predict will be…


Added by Isaac Twumasi Quantus on December 19, 2011 at 3:30pm — No Comments

Guarding against fraud over Xmas


Ray Faure, Deputy Managing Editor Business LIVE.

With 2011 drawing to a close and the festive season almost upon us, banks, once again, are urging customers to exercise vigilance when transacting over the holidays.

Traditionally, banking fraud spikes over the holidays as more South Africans…


Added by Isaac Twumasi Quantus on December 19, 2011 at 1:54pm — No Comments

67th Ordinary Session of council of Ministers holds in ABUJA

The two-day 67th Ordinary Session of the ECOWAS Council of Ministers opens at the Commission on Monday 19th December 2011 to among other issues, consider the outcome of the last Ministerial Monitoring Committee meeting on the negotiation of the Economic Partnership Agreement (EPA) between West Africa and the European Union.


At its 30th November 2011 meeting in Accra, Ghana, the Committee deferred to the Council, a decision on the next step in the negotiations following…


Added by Isaac Twumasi Quantus on December 19, 2011 at 1:00pm — No Comments

Africa Cellular pins last hope on restructure

Africa Cellular Towers, which operates in African cellular and power-line markets, said macroeconomic factors and continued depressed trading conditions hit its interim results for the six months ended August.

Despite a slight improvement on the same period last year, the manufacturer, supplier and installer of cellular lattice towers said if steps to restructure the business failed the company may cease to be a going concern.

The company implemented a turnaround strategy in May…


Added by Isaac Twumasi Quantus on December 19, 2011 at 12:51pm — No Comments

AfDB-Togo: signing of two financing agreements for CFA 81 billion

Donald Kaberuka, President of the African Development Bank The African Development Bank (ADB) and the Republic of Togo have signed this Tuesday, November 29, 2011, two memoranda of agreement for a total of more than 81 billion CFA francs. Vice President of the ADB in charge of sector operations, Kamal El Kheshen, and the Togolese Minister of Economy and Finance, Adji Otèth Ayassor, signed the agreements respectively to the ADB and Togo.

The first agreement concerns a grant of nearly…


Added by Isaac Twumasi Quantus on November 30, 2011 at 10:47am — No Comments

AfDB, Côte d’Ivoire sign revised AfDB headquarters agreement

(AfDB), concluded an official two-day visit to Côte d’Ivoire today. The AfDB chief executive and Daniel Kablan Duncan, Minister of State and Minister of Foreign Affairs of Côte d’Ivoire, signed a revised Headquarters Agreement of the AfDB in Abidjan.

The revised Headquarters Agreement confirms the AfDB’s full ownership of the land on which its current Abidjan headquarters building sits, as well as an adjoining piece of land, both of which the Government of Côte d’Ivoire recently…


Added by Isaac Twumasi Quantus on November 30, 2011 at 10:43am — No Comments

Switzerland commits USD20 million to AfDB for increased access to water and sanitation in rural Africa

The Rural Water Supply and Sanitation Trust Fund, a fund managed by the African Development Bank (AfDB), will receive a 20 million US dollar contribution from the Swiss Agency for Development and Cooperation. The funds are to help accelerate access to water supply and sanitation in rural Africa. This is the Swiss agency’s second contribution to the Rural Water Supply and Sanitation Initiative Trust Fund. It is close to six times the amount of its first contribution.

The funds will…


Added by Isaac Twumasi Quantus on November 30, 2011 at 10:40am — No Comments

Botswana eyes more electricity generation

Botswana plans to add 1,200 megawatts (MW) of electricity to its national grid in the next six years as the diamond rich country battles to address power supply shortages, a senior government official said on Tuesday.

Boikobo Paya, Permanent Secretary in the Energy Ministry, said that in addition to the 600 MW power station to be commissioned in 2012, two other 300 MW power stations to be built by Independent Power Producers (IPP) should kick into the national grid by…


Added by Isaac Twumasi Quantus on November 30, 2011 at 8:53am — No Comments

UK £1 billion to help Africa fight climate change

The Telegraph reports that, in a move that is expected to attract intense criticism at a time when the UK economy is struggling to recover from recession, Chris Huhne, UK Energy and Climate Change secretary, will announce details of a foreign aid package ahead of the 17th Conference of the Parties of the UN Framework Convention on Climate Change (COP17) in Durban.

Included in the package are schemes helping African farmers to insure their crops against flooding and drought, the…


Added by Isaac Twumasi Quantus on November 29, 2011 at 3:00pm — No Comments

Tapping Carbon Market Opportunities in Africa

Denis Slieker, Managing Director of Face the Future, is in the business of creating projects which earn carbon credits and he believes that Africa is the perfect place to do business. “Everybody speaks about the carbon market but basically there are two carbon markets,” Slieker explains.  “First there is the compliance market which is set by the UN.  In this market, companies and countries have an obligation to reduce their carbon…


Added by Isaac Twumasi Quantus on November 10, 2011 at 8:24am — No Comments

Lafarge WAPCO Begins Rail Distribution of Cement

In partnership with the Nigerian Railway Corporation (NRC), Cement Manufacturing Company, Lafarge Cement WAPCO Nigeria Plc, has commenced transportation of cement from its Ewekoro Plant by rail to its customers nationwide. Lafarge WAPCO is the only cement company connected by rail in Nigeria.

The partnership, which would ensure faster and regular supply of the company’s products (Elephant and Supaset cement) to the target customers, would see NRC moving about 2,000 tonnes of cement…


Added by Isaac Twumasi Quantus on October 19, 2011 at 9:45am — No Comments

Financing renewable energy in Sub-Saharan Africa important topic during COP 17

To define what a government should do in order to attract renewable energy investments is no easy task. In the Sub-Saharan Africa, home to some of the poorest nations in the world, this question becomes even more complex. One thing is clear though: the mobilization of private capital will be crucial in this process, even though investments in infrastructure such as energy have traditionally been carried out by governments.

This is one of the questions that the United Nations…


Added by Isaac Twumasi Quantus on October 11, 2011 at 10:11am — No Comments

Regulating energy efficiency tax incentives

Gobally governments influence energy and climate change policy by either taxing the excessive use of energy, or granting tax rebates on reduced energy demand. Locally the South African government has followed suit by offering tax rebates using section 12i, the Industrial Policy Project Investment incentive for manufacturing-related projects with a 10% energy demand reduction component, and more recently the proposed 12L ‘Regulations on the allowance for energy efficiency savings’. Both these… Continue

Added by Isaac Twumasi Quantus on October 6, 2011 at 9:30am — No Comments

PPC acquires Quarries of Botswana for US$6.8 million

As part of its southern Africa expansion strategy, Pretoria Portland Cement (PPC) has acquired three aggregate quarries from Quarries of Botswana.

The 50 million Pula (US$6.8 million) acquisition is part of the cement giant’s expanding footprint and will make PPC’s Aggregates division the largest aggregate producer in Botswana.

New quarries in Gaborone, Francistown and Selebi-Phikwe, will expand PPC’s existing portfolio in Botswana to meet the local market demand for aggregates,…


Added by Isaac Twumasi Quantus on October 5, 2011 at 3:13pm — No Comments

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