South Africa

bneGREEN: China drives global wind turbine orders to new record in 2022

by Roberta Harrington in Los Angeles March 15, 2023

Global wind turbine order intake hit new highs in 2022, with 44 GW procured in the fourth quarter and 134.6 GW for the year. Both of these order intakes were records, says a new analysis by Wood Mackenzie.

South African mobility startup Planet42 raises $100mn to propel international ambitions

bne IntelliNews February 23, 2023

Estonian-founded company buys used cars and rents them to customers through a subscription model.

bneGREEN: Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion

by Roberta Harrington in London February 22, 2023

According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.

Estonia's Bolt set to invest €500mn towards Africa services expansion

bne IntelliNews February 20, 2023

Estonian ride-hailing app predicts that some 300,000 new drivers and couriers could join the platform in 2023.

Rosatom’s nuclear exports surge in 2022

Ben Aris in Berlin February 16, 2023

Russia's nuclear exports were already booming well before the war in Ukraine started but now they are growing even faster. Moscow is using nuclear power as foreign policy tool to bind allies in the non-aligned world more tightly to its cause.

Russia and China’s popularity rising in the Global South as world fractures into liberal and illiberal spheres

bne IntelliNews February 14, 2023

Of the 6.3bn people who reside outside of liberal democracies, 70% have a positive view of China and 66% of Russia.

IMF: Charting globalization’s turn to 'slowbalization' after world financial crisis

Jeff Kearns of the IMF February 9, 2023

The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.

bneGREEN: Most growth in power generation by 2050 will be solar and wind – BP

by Roberta Harrington in London February 1, 2023

Most growth in global power generation by 2050 will be solar and wind, according to oil supermajor BP’s annual benchmark report, the 2023 Energy Outlook.

bneGREEN: Renewable energy was a hot topic in Davos but for Europe, much work remains

by Roberta Harrington in London January 25, 2023

‘Cooperation in a fragmented world’ was the theme at the World Economic Forum in Davos, but Europe is still struggling to catch up with the cleantech policies of the US and China.

Russia’s Lavrov arrives in South Africa to continue Kremlin’s charm offensive

bne IntelliNews January 23, 2023

Russian Foreign Minister Sergey Lavrov arrived in South Africa on a working visit as the Kremlin continues its charm offensive, TASS reported on January 23.

bneGREEN: Patent data show shift to green hydrogen gaining momentum

Richard Lockhart in Edinburgh January 11, 2023

Global hydrogen production is set to become greener, with patent data suggesting a shift towards a new wave of innovation and scientific development in electrolysis technology.

bneGREEN: Green transition is $10.3 trillion opportunity for the global economy by 2050, new report finds

by Roberta Harrington in London January 11, 2023

New green industries could be worth $10.3 trillion to the global economy by 2050, equivalent to 5.2% of global GDP that year, finds a new report by Arup and Oxford Economics.

NEMETHY: Key economic and financial drivers to watch in 2023

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 10, 2023

There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.

bneGREEN: Record 2022 for coal threatens green targets

Richard Lockhart in Edinburgh January 6, 2023

World coal consumption reached a new high in 2022 before levelling out in 2023 and 2024, with rising usage in emerging Asian countries cancelling out falling demand in advanced economies.

The woman who discovered Jack Dorsey's new bitcoin bet in Africa first

bne IntelliNews December 21, 2022

In December the investment community took notice of Jack Dorsey’s most recent moves in Africa when his tech conglomerate Block, Inc. co-led a $2mn investment round into Gridless, a bitcoin mining company in Africa.