ECIC participated at the Africa Energy Indaba 2019 which took place at the Sandton Convention Centre from the 19 – 20 February 2019. The Africa Energy Indaba Conference discussed and debated solutions to enable adequate generation of energy across the continent. Delegates, drawn from all continents, represented an unrivalled combination of industry experts, project developers, financiers, energy users, government officials and manufacturers.
According to a research study by African Development Bank, the continents combined energy demand in order to reach its optimal sufficient power grid requires an estimated 200 GW energy capacity, 130 million new on-grid connections and 75 million new off-grid connections.
More than US $50 billion of investment is needed annually to achieve the African continent energy capacity. This brings together great investment opportunities for the economic growth of the continent and for the ECIC to effectively carry out its mandate of facilitating export trade for South African exporters of capital goods and services.
ECIC Senior Underwriter, Lebogang Mosetu, participated in one of the discussion panels under the topic: “Innovative Financing and Attracting Finance & Investment”.
ECIC also had an exhibition stand to promote the brand and engage potential clients and stakeholders at large, on the mandate, products and services offered by the ECIC.