Dubai, 08 December 2023
As part of Namibia’s COP28 programme, the Namibia Investment Promotion and Development Board (NIPDB), the Environmental Investment Fund of Namibia (EIF), DMG events and Vasco Da Gama Energy on 06 November 2023 officially launched the inaugural Global African Hydrogen Summit (GAh2S), to be hosted in Windhoek on 03 – 05 September 2024.
Themed “From Ambition to Action: Fuelling Africa’s Green Industrial Revolution”, the three-day Summit will convene heads of state, government agencies, industry business leaders, project developers, investors, thought leaders and technologists from across Africa and around the globe to drive critical investments and financing into bankable green energy projects. Project and investment showcases will span the hydrogen, renewables, power, infrastructure, transportation and mobility sectors.
The launch was officiated by the Minister of Mines and Energy, Honourable Tom Alweendo who emphasised that the world is facing an unprecedented climate crisis and that the urgency to transition to clean and sustainable energy sources has never been more apparent. Alweendo added that this has become a global imperative that demands collaborative efforts and innovative solutions, and Namibia is poised to play a pivotal role in this global transition agenda.
Said Alweendo: “Africa’s energy position is changing and it is against this backdrop that as a country we are positioning ourselves as the sustainable energy capital of Africa. This will not only be achieved through the sustainable beneficiation of our primary energy resources, but also through the development of green and blue economic growth and energies, investing in platforms that facilitate dialogue and partnerships, skills and technology transfers, as well as trade between Africa and the rest of the world”.
He continued “the Global African Hydrogen Summit will be the first platform of its kind to be leveraged by African governments, investors, financiers, scholars and the public in order to unlock additional opportunities for our continent and its partners. It will also provide a platform for the global players in the hydrogen value chain to showcase their projects, plans and technologies to the African continent”, said Alweendo.
GAh2S will focus on the global role that Africa expects to play in the hydrogen market and will facilitate collaboration and advance dialogue across policy, investment and the emerging hydrogen value chain. The continent has the potential to harmonise its own industrialisation to become a global powerhouse of green manufactured products, whilst applying a localised multiplier effect, stimulating in-continent value including employment creation, ancillary industries, light manufacturing and natural resource refining – uplifting economies across Africa, whilst sustainably bringing an end to energy poverty.
Clean hydrogen can cover a significant portion of the global energy transition needs, especially in hard-to-abate sectors and industries such as steel manufacturing and aviation. Several African countries—most notably Egypt, Kenya, Mauritania, Morocco, Namibia and South Africa—are actively pursuing clean hydrogen production. These countries formed the collective Africa Green Hydrogen Alliance in May 2023 to collaborate on capacity creation, financing, certification, and regulatory and policy agendas of green hydrogen development in Africa. A McKinsey & Company report projects that by 2050, the annual investment required will more than double to US$160 billion, with the focus of investment likely shifting to an expected 43% of capital expenditure spent on hydrogen.
With an abundance of solar and wind energy resources as well as the availability of unpopulated land, Namibia has a unique potential to enable low-cost green hydrogen production. The country is currently investing in the research and development of green hydrogen technologies, through engagement of, and support from, foreign institutions and partner countries like Germany. In May 2023, the government of Namibia and Hyphen Hydrogen Energy announced a deal for the next phase of a US$10 billion green hydrogen project that will export green molecules to Europe once complete. Long-term offtake agreements are expected in this case. The development of a stable green hydrogen market has the potential to facilitate investment in skills for the domestic workforce, enhance local jobs creation and thus uplift livelihoods.
Convening The Global Hydrogen Industry In Namibia
In its inaugural edition hosted in Namibia, the three-day Global African Hydrogen Summit will convene heads of state, government agencies, industry business leaders, project developers, investors, thought leaders and technologists from across Africa and around the globe to drive critical investments and financing into bankable green energy projects of strategic and national importance across Africa, spanning hydrogen, renewables, power, infrastructure, transportation and mobility.
As a dynamic and innovative investment platform, the Global African Hydrogen Summit will provide a variety of engagement opportunities including an educative masterclass, high level leadership dialogues, a strategic conference, project investment boardroom roundtables, and a technology and innovation hub.
Participation is expected from across the global hydrogen value chain including:
· 6+ heads of state
· 20+ African ministers
· 40+ bankable African clean energy projects
· 2,000+ attendees
· 700+ conference delegates
· 100+ youth participants
· 80+ expert industry speakers
· 75+ technology and innovation zones
· 65+ countries represented from around the globe
· 50+ showcased startups
Thank you for uploading the document
In partnership with the Rand Merchant Bank (RMB) Namibia, the NIPDB hosted an “Invest in Namibia Summit” on the margins of the 78th session of the United Nations General Assembly (UNGA) in New York, United States.
Building on the significant interest Namibia attracted on account of recent oil and gas discoveries and green hydrogen projects that have placed Namibia on the radar of investors, the summit was needed to amplify Namibia as a preferred investment destination and attract investment into other sectors of the economy, such as green hydrogen, agriculture, tourism and mining, in addition to further investment in oil and gas. RMB’s partnership was therefore invaluable to foster awareness of Namibian opportunities to the international community towards increased investment interest.
In collaboration with the World Economic Forum (WEF), NIPDB is developing the Namibia Sustainable Supplier Database (SD2). This database comprises an online, centralised repository of information about domestic companies that aims to support domestic and international investors to identify potential suppliers, service providers, or business partners in Namibia.
This initiative is expected to create a triple benefit as follows:
The Know2Grow (K2G) High Potential Pool is designed to assist in expanding the activities of export-ready micro and small businesses with significant potential for exporting their products. In 2023, Nedbank Namibia, First National Bank Namibia and Bank Windhoek made a generous pledge of N$300,000 to support the High Potential Pool.
More than 20 export-ready MSMEs from the K2G-High Potential Pool have participated. They were selected to take part in international events focusing on market access and export promotion, including the Annual Investment Meeting held in Abu Dhabi in May 2023, the 3rd China-Africa Economic and Trade Expo, and the Southern Africa International Trade Expo (SAITEX) as part of Africa’s Big 7 exhibition held in Johannesburg in May and June 2023, respectively.