Charlotte, NC, USA, Monday, March 11, 2013
The Charlotte Africa Initiative (CAI) announces a new partnership platform, which brings together key players in Charlotte’s and South Africa’s energy ecosystems. In conjunction with key organizations, including the Charlotte Regional Partnership, E4 Carolinas, South African Consulate General in New York, the Industrial Development Corporation of South Africa, and The Afribiz Foundation, CAI will hold the Charlotte Africa Business & Investment Spring Meeting 2013 on April 8-9, 2013. This Spring Meeting focuses on the opportunities in the Green/Renewable Energy sector in South Africa.
The Green/Renewable Energy sector in South Africa presents significant business and investment opportunities. As an example in 2011, South Africa established its first key “green” law in which new buildings must be energy efficient thereby energizing the green economy across sectors, including energy and construction. And with pent-up demand for electricity generation, an estimated investment of $100 billion by the South African government in energy capacity over the next five years, and a policy framework to increase the use of Renewables, the Renewable Energy sector continues to have good growth potential.
Also, the drive for clean energy in Africa has led to the formation of the US-Africa Clean Energy Initiative, which brings together resources, support, and funding across US government agencies to help US firms tap the clean energy sector in Africa. As an example, US EXIM Bank has created a finance facility of $2 billion to assist US firms in tapping the Renewable Energy sector in South Africa.
The Spring Meeting will provide several opportunities for key Charlotte firms and organizations to engage the South African delegation, including private group and one-on-one meetings. Also, a public workshop, “Tapping Opportunities in the Green and Renewable Energy Sectors in South Africa,” is being held on Monday, April 8 from 2pm to 5pm at the Center City Campus at UNC Charlotte.
Geoffrey Qhena, CEO of the Industrial Development Corporation leads the South African delegation participating in the meetings. South African Consul General, George Monyemangene, in New York also joins the South African delegation.
Lauri Elliott, Executive Director
The Afribiz Foundation
The Charlotte Africa Initiative (CAI) is an integrated and synergistic platform for the Charlotte Metro region and the State of North Carolina to engage with the emerging continent of Africa – economically, culturally, academically, etc. Its aim is to improve and enrich the lives and livelihoods of communities in the United States, starting with Charlotte, and those on the continent of Africa through business and entrepreneurial opportunities. Its initial mandate is to provide linkages between Charlotte and Africa to catalyze trade, economic, and investment flows.
The Afribiz Foundation serves as a catalyst and facilitator of ecosystems that create and leverage economic opportunities for people and organizations in Africa and around the world.