March 25, 2015 “Partnership Opportunities in East Africa”
On March 25, CCA’s Power and Trade Working Group hosted Dr. Gachao Kiuna, CEO of TransCentury at the Capital Club in Nairobi, Kenya to discuss partnership opportunities in East Africa. This event marked the first time that CCA has hosted a working group on the continent.
The event began with opening remarks from Stephen Hayes, president and CEO, CCA, who gave a warm welcome to attendees and emphasized the importance of hosting the meeting in Kenya. Mr. Hayes also announced that CCA will officially open its East Africa office in May, and the organizations East Africa Director, Sonia Mfasoni, will operate out of the Kenya Private Sector Alliance (KEPSA) headquarters in Nairobi. Read More
February 10, 2015 "Power Project Opportunities in MCC's Benin Compact"
On Tuesday, February 10th, CCA’s Power Working Group was honored to host a presentation by the Millennium Challenge Corporation (MCC) on power project opportunities in the new Benin Compact. The meeting featured four representatives of MCC, including Mr. Christopher Broughton, the country team leader for Benin. His Excellency, Mr. Omar Arouna, Ambassador of Benin, was present at the entire meeting and gave the opening remarks for the presentation.
H. E. Mr. Omar Arouna began by stating his gratitude for the dedication of the MCC staff in Benin. He highlighted some demographic and economic statistics of Benin, a country with over 10 million inhabitants and a GDP (PPP) of $16.7 billion (and $1,623 per capita). Benin’s economy experienced 5.6% economic growth in 2013. Benin experiences a foreign direct investment inflow of $320.1 million. Their public debt is only 29.8% of their GDP (figures above based upon 2013 data). The main source of energy in Benin is biomass (namely firewood). In 2014 they discovered energy off the coast, but this is yet to be developed. They are considering regasification and potentially mini-regasification. Benin experiences domestic power shortages every day, which is why MCC’s compact and its focus on energy is welcomed. Benin is considered an entry door to West Africa, and a stable member of ECOWAS, a region holding huge markets for business investment. In 2011 the passage of anti-corruption legislation occurred, initiated by the president. H.E. Mr. Omar Arouna added his concern over the lack of U.S. business involvement on the continent, and announced that the Embassy is ready to facilitate access to the energy market with an energy trade mission to Benin in April. Read More
A summary of the Compact, a call for ideas, and other relevant Compact documents can be viewed at: http://goo.gl/xfMMMa
January 28, 2015 “Project Opportunities with Kenya Electricity Generating Company Limited (KenGen)”
CCA’s Power Working Group was honored to host a presentation by the Kenya Electricity Generating Company Limited (KenGen). The meeting featured four representatives of the company, including: the Chairman of KenGen, Mr. Joshua Kibet Choge; and the CEO of KenGen, Mr. Albert Mugo.
In his presentation, Mr. Albert Mugo began by highlighting significant statistics on power generation on the continent. There is 129GW of aggregate generation capacity on the continent. Kenya, with a population of 44 million people, consumes electricity at an average of 175kWh/yr. As the East African community (Uganda, Tanzania, Rwanda, Burundi, and Kenya) accelerates its regional economic and infrastructural integration, they will rely on importing power from Kenya to meet the high demand of power and eliminate shortages. Read More
December 16, 2014 "Power Working Group- Power Project and Financing Opportunities / Launch of Power Africa and Trade Africa Web Portal"
The Corporate Council on Africa (CCA) hosted a Power Working Group meeting at the offices of Akin Gump on power project and financing opportunities. Guest speakers included Mr. James M. Mworia, CEO, of Centum Investment Ltd., and Mr. Michael Philipp, Chairman, of Reykjavik Geothermal. Each of the speakers discussed their experiences doing business on the continent and highlighted their companies’ major projects. During the meeting, CCA also launched their Power Africa and Trade Africa Web Portal, discussing the site’s main features along with ways companies can use the site to feature and search tender opportunities.
In the opening remarks, CCA’s CEO Stephen Hayes discussed the Council’s highlights from 2014 to include hosting 22 special events featuring nine Heads of State and key ministers from every industry during the August African Leaders’ Summit. CCA member Carl Fleming of Akin Gump also welcomed the audience by discussing his experience in the past year as a Power Africa partner and provided some insight on trends in negotiating and advising clients on business in Africa. Read More
February 18, 2015 “A Roundtable on MCC’s Procurement Policies”
On Wednesday, February 18, CCA’s Energy Working Group was honored to host a presentation by the Millennium Challenge Corporation (MCC) on procurement policies in their MCA contracts. The meeting featured four representatives of MCC, including Mr. Prabhat Garg, the practice lead and senior director of program procurements. This meeting was a highly interactive session and the roundtable discussion provided an opportunity for companies to learn more about procurement and grant opportunities and provide feedback to the current process. Read More
July 16, 2014 "Exxon’s Approach to Developing Local Capacity in Nigeria"