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Let’s talk about Africa

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Let’s talk about Africa
Download our latest member report from the WhyAfrica online shop on www.whyafrica.co.za.

Let’s talk about Africa

WhyAfrica’s outlook for Africa remains positive despite serious challenges and constraints.

By Leon Louw owner of WhyAfrica and editor of the WhyAfrica magazine

While the outlook for most of Africa remains robust, political uncertainly and extreme weather events continue to plague the positive spin.

The recent floods and extreme weather in Southern and East Africa caused considerable damage to infrastructure, especially bridges and roads, which negatively affects the entire region’s economy and trade.

If you ever wondered how climate change and extreme weather events impact mining and agriculture, I spoke to a few miners and farmers that experienced the recent floods in East Africa and drought in southern Africa.

They assured me that it’s not a pretty picture, nor a pleasant experience. Farmers across the region gathered at Grain SA’s annual Nampo Harvest Day from 14 to 17 May, and judging by the number of light aircraft and helicopters landing at the Bothaville airstrip on the first day when WhyAfrica attended the event, the mega-farmers of Southern Africa are in a good space.

Let’s talk about Africa
If you want to be part of the WhyAfrica story e-mail leon@whyafrica.co.za

Not rosy for South African mining (Let’s talk about Africa)

Despite the drought and floods, South African farmers especially had a good season. But it’s not all rosy.

Infrastructure bottlenecks, safety and security concerns and political and regulatory uncertainly continue to hamper growth in South Africa’s agricultural sector. Ditto for mining.

Although South African miners were upbeat about the news shared with delegates at the 2024 Junior Indaba in Johannesburg on 21 and 22 May 2024 that the new cadastre system is up and running, and that the country achieved more than a month without loadshedding, uncertainty about the upcoming elections, infrastructure constraints and a lack of funding put an underlying damper on events.

It is telling that other African countries like Zambia, Namibia, Botswana, Tanzania and the Democratic Republic of the Congo (DRC) attracts more interest from early-stage exploration outfits, junior miners and investors than South Africa does, despite the country’s world-class mineral endowment and rich mining heritage.

The talk of the town, and not necessarily on stage, at Junior Indaba was without a doubt Angola. Angola has made exception strides and is now one of the top five favourite mining destinations in Africa.

Meanwhile, Mozambique, the other Lucophone country in southern Africa, has begun with a charm offensive to lure potential investors, especially in the critical mineral space, to do exploration work in Mozambique, despite isolated reports about continued security concerns in the Cabo Delgado Province.

Energy a top investment opportunity (Let’s talk about Africa)

Energy remains the top investment opportunity across Africa with new projects, whether oil and gas, hydro, solar or wind projects coming online on an almost daily basis.

In addition, a number of African countries have signed long-term contracts for the development of nuclear power. The energy space is certainly becoming congested as more investors, suppliers and service providers enter the huge African market.

African tourism in the mix (Let’s talk about Africa)

The other economic sector targeted by most African countries for growth is tourism, and in most cases this sector has done exceptionally well since the reopening of borders after the devastation of Covid-19 lockdowns.

Most countries in Africa are almost back to pre-Covid tourist numbers. The central challenge in popular tourism destinations remain balancing the environmental impacts and community needs with growing the number of visitors.

In Southern Africa, Mozambique and Malawi will be good case studies to follow as these countries continue to up the ante in terms of tourism products.

Against this backdrop of development, opportunities and challenges, Environmental, Social and Governance (ESG) issues should remain top of mind, while biodiversity, natural resource management and environment management should form the backbone of development projects as we move into a new chapter of Africa’s development and growth story.

During this year’s WhyAfrica Road Trip we will focus on these foundations while visiting projects in the Limpopo Province of South Africa, Zimbabwe, Mozambique, Malawi and Tanzania.

We’ll once again visit projects in the mining, agriculture, energy, infrastructure, water management, tourism, conservation, environmental management, and development sectors, with a strong focus on ESG, the African Continental Free Trade Area (AfCFTA), biodiversity, political risk and climate change.

In addition to visiting the project sites, we hope to interview as many role players in these countries as possible so that our opinions and insight is balanced and not biased.

Purchase and download our full report from WhyAfrica’s online shop on www.whyafrica.co.za.  While you’re there, scroll around and have a look at our partnership, membership and sponsorship offerings.

WhyAfrica publishes four quarterly WhyAfrica reports per year in which we look at what shapes Africa and exciting development projects across the continent.

Remember, if you are a WhyAfrica member, our quarterly reports are e-mailed to you free of charge.

Members can also access our WhyAfrica Road Trip WhatsApp channel where they can follow and interact on our platform during the WhyAfrica Road Trip through Africa. Members receive daily updates, videos and live stream on the channel during our interviews, site visits and overland adventure.

And remember, as a WhyAfrica member, you get a 10% discount when registering for some of Africa’s top conferences and exhibitions, and a 10% if you book or purchase products with WhyAfrica’s sister company travel consultant and tour operator Endorphin Expeditions (www.endorphinexpeditions.co.za).

To become a member, visit the WhyAfrica website, your one-stop-shop for on-the-ground information and business intelligence about Africa.

WhyAfrica specialises in the sustainable utilisation and responsible extraction of Africa’s natural resources.

WhyAfrica supports the empowerment of African communities through development projects.

Let’s talk about Africa

Let’s talk about Africa
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Sectors

AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management