German Economy Minister Robert Habeck began a five-day trip to Namibia and South Africa Sunday, part of a push to secure new energy resources for Europe’s biggest economy to compensate for the cut-off from Russian gas supplies. | News24_Business
Habeck’s Africa visit is part of a wider German government mission to establish new energy alliances abroad after Russia cut off its gas supplies in September. Habeck has also recently traveled to Canada, Qatar and Norway in an attempt to secure LNG resources.
"A green energy transition, security of supply and reliable value chains are also key issues in Africa," according to Fausi Najjar at Germany Trade & Invest, a government agency that promotes German companies abroad. "In particular, the desire for more diversified supply chains is leading to greater interest on the part of German companies in African markets," Najjar added.
More than 400 German companies, including in the auto, medical technology and energy sectors, operate in South Africa and employ more than 65,000 people, GTAI figures show. South Africa’s share of total German foreign trade with Africa is more than 40%.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa: In Africa, UN Chief Sees Continent Full of 'Hope and Potential'Far too often, Africa is viewed from outside "through a prism of problems" said UN chief António Guterres on Thursday, speaking in the Ethiopian capital, home to the African Union, where he has been taking part in the sixth UN-AU annual conference.
Read more »
Consumer Goods Council of South Africa panellists renew call for specialised unit to fight illicit tradeConsumer Goods Council of South Africa panellists renew call for specialised unit to fight illicit trade: The Hawks are under-resourced and an independent body is required to tackle syndicated organised crime
Read more »
These are the workers most willing to relocate for a job in South AfricaNew data from CareerJunction has revealed who in South Africa is willing to pack up and leave their job for another oppurtunity.
Read more »
South Africa Needs U.S.$86 Billion for Just Energy TransitionAddressing a hybrid Special Sitting on Understanding the contents of South Africa's Just Energy Transition Investment Plan (JET IP), Presidential Climate Commission Commissioner Joanne Yawitch said South Africa requires an initial funding of about U.S.$86 billion (R1.5 trillion) to transition to a low carbon and climate resilient society for the five-year period 2023-2027. "South Africa's dependence on fossil fuels gives rise to a range of climate, energy and transition risks, especially for affected workers, communities, businesses and exporters. However, embracing new economic opportunities in green technologies can drive industrial development and innovation, leading to a sustainable and resilient future with decent work, social inclusion and lower levels of poverty," Yawitch said.
Read more »
An expected teacher exodus in South Africa could be a good thingAn unprecedented wave of retirements by educators is foreseen by 2030, just as the pupil population peaks. Unless well managed, this could cause teacher shortages and rising class sizes
Read more »