Invest Solar Africa (ISA) has set foot in Botswana emboldened by its success in reaching advanced stages in setting up two 20 MW plants in Zimbabwe which can power up to 45,000 households, and other positive developments in Zambia, Mozambique and Namibia.
In Botswana, the unique business model will provide an opportunity for local investors to explore its merits for partnerships and equity, as is the case elsewhere in some of its regional operations. ISA is one of the first renewable energy companies that have specifically been set up to develop renewable energy projects and own them within a corporate set up. “The unique composition of being pro-environment, green, and pro-clean energy in a corporate set up is rare. It is truly a first to find a group of entrepreneurs, investments experts; engineers, and clean energy thinkers design a pragmatic solution of powering Southern Africa within a corporate set up. It’s a unique opportunity for diverse stakeholders in the age of seeking alternative sources of energy to drive economic prowess and reduce dependence on fossil fuels,” says George Manyere the founder and Non-Executive Director of Invest Solar Africa.
This development comes against the backdrop of growing power challenges in the region that have bedeviled Southern Africa for decades with limited success. ISA’s mandate ensures it focuses on renewable energy, developing, maintaining and financing income in building solar parks across Africa as an alternative energy source.
“Amid growing energy shortages, high demand for power in the region, and the consequent effect of this on regional consumers we need to tap onto a sustainable energy. We will power the region and ensure that no consumer is left powerless in the next 15 years. Tapping onto natural clean energy be it wind, sunlight and air should be the strategic focus for Africa for us to be energy self-sufficient and independent,” says Manyere.
ISA plans to list on the BSE to drive its ambitious agenda to establish and install solar photovoltaic plants, which are expected to generate a capacity of 200MW in five years. The ISA project has been underway in countries such as Zimbabwe, Zambia, Botswana, Namibia and Mozambique is at different levels of completion for each country.
For the regional thrust ISA has set up a competent team of investors, engineers, entrepreneurs and strategists. Combined they have managed unique competences in solar parks, clean energy and investments. These are; George Manyare – Founder & Non-Executive Director, Ainos Ngadya –Chief Executive officer, Dudu Garekwe – Deputy Chief Executive Officer and Brain Chindondondo the Chief Operating Officer.
“My vision is to have the opportunity to build a 50MW solar park in Botswana in the next three to five years. We will capitalise on the global political and financial will as demonstrated by The Paris Agreement on Climate Change which is to be implemented November 2020, as we set our eyes on the rest of the continent,” he says.
The Company is hopeful to be listed under the Botswana Stock Exchange in future. The management is urging potential local investors to partner with the company on their quest to achieving the country’s Vision 2036 pillar of Sustainable Environment and on making Africa eco-friendly, after its application has been approved. Invest Solar Africa is a wholly owned subsidiary of MHMK Capital, a private equity investment and advisory firm.
OLOPENG HEAPS PRAISE ON BSE FINANCE CHALLENGE
Botswana Stock Exchange’s annual finance and investment competition for secondary school students has been applauded by the Minister of Tertiary Education, Research, Science and Technology, Thapelo Olopeng.
The initiative, a capital market awareness tool that has been running for the past seven years, is increasing financial literacy and a culture of investment among young people. The initiative will see the country raise future billionaires through the stock markets. “It is a breath of fresh air to have tertiary students who are financially literate, who can manage their finances,” said the minister.
He urged students to invest even the smallest allowances they earn and have a hassle-free life after university. “Investing on the stock exchange is not only preserved for the rich, but for anyone with a bank account,” said Olopeng.
The minister said the secondary schools finance and investment competition is participation of the private sector in bridging the knowledge divide.Olopeng said the private sector participation augments his ministry’s efforts of providing and building knowledge and innovation through the development and implementation of the policy on tertiary education, research, science and technology to transform the economy from a resource based to a knowledge based.
“In this connection, we will continue to empower our students in order for them to lead better and successful lives which can propel them into the innovation ecosystem,” said Olopeng. BSE Chief Executive Officer, Thapelo Tsheole said the Senior Secondary Schools Finance and Investment Competition, first established in 2013 aims to sensitise and educate the student community about capital markets, with the strategic aim to increase financial literacy and promote a culture of investing at a young age.
The competition is open to all senior secondary schools across the country, including private and public senior secondary schools.
WE ARE NOT USING DIAMONDS TO KILL ELEPHANTS, THAT’S HOGWASH! – BOTSWANA MINISTER
Botswana is not using diamonds to kill elephants as alleged by some conservationists after the southern African country announced plans to lift a ban on elephant hunting to address growing conflict between humans and wildlife, a government official has said.
Minister of mineral resources, Green technology and energy security Eric Molale told a mining conference in Gaborone on Monday that the activists were tarnishing the image of Botswana. “That’s hogwash because we as Botswana are [good] conservationists and it is us who worked hard to make sure these elephants [are] brought to the numbers that we do have now,” he said.
“When conflicts arise, it is through consultation, [that we] find out how we can best manage our resources. The people have spoken and we are going to be managing the elephants in the best way that we can.
“We are not culling, we have re-introduced the trophy hunting and if you take 400 elephants per annum for trophy hunting against the 3-5% annual growth rate of the elephant herd that we have…[we are] just barely scratching on the surface.”
Botswana has about 130 000 elephants, the world’s largest population.Molale said Botswana will remain focused on things that are beneficial to the country and will not be distracted by issues spread by people that are not even privy to how things are done in the country.
“We have, however, invited them to come and learn more about what we are doing so they can better understand those important aspects of flora and fauna…”The conflict between humans and elephants had gone up since the ban was introduced in 2014.
Tourism is the second source of foreign income in Botswana after diamonds and conservationists fear that the former will be affected is the government cull elephant.
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