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Mining leaders focus on governance during the commodities downturn

Paulo de Sa's picture
Photo via Shutterstock

At this year’s Investing in African Mining Indaba in Cape Town, South Africa, leaders are not hiding their concerns about the commodities downturn.

Government representatives express their frustration for not having benefited enough during the boom. Policymakers lament the lack of planning that has left their countries with no cushion in their budgets, and companies are looking to cut costs so they can weather the storm. And most importantly, communities are feeling the economic impact as mines purchase less local supplies, generate fewer jobs and halt some operations. 

Not only are things slowing down, but it seems a golden opportunity has passed us by. Fatima Denton, Director of the United Nations Economic Commission for Africa, highlighted that Africa is less industrialized today than it was in 1990. After the minerals super cycle of 2000-2013, the percentage of manufacturing of African economies actually declined from 12% to 11%. 

Is Concentrated Solar Thermal Making Progress in Developing Countries?

John Probyn's picture

Concentrated Solar ThermalIt’s no secret that renewable energy development in developing countries is on the rise.  In its most recent report on renewable energy investment, the UN states that investment in renewables in developing countries  has grown over ten-fold – from USD 8 billion to USD 89 billion in the past eight years.  When taking advantage of solar resources, the clear choice – assisted by large recent reductions in capital cost - has been for solar photovoltaic technologies (Solar PV).