Africa

Since its founding as a trading port nearly two centuries ago, Hong Kong has been a magnet for entrepreneurs from as near as Guangzhou to as far as South America, and everywhere in between.

As climate change concerns grow and the energy crisis of 2022 remains dormant rather than extinct, reliable renewable energy remains at the top of many sourcing lists.

The second-largest continent in terms of both population and area, Africa also has the world’s lowest electric power consumption level – an average 520 kilowatt hours (kWh) per person annually in sub-Saharan Africa against 6,000kWh in Hong Kong.

As the COVID-19 pandemic has moved health to the top of everyone’s agenda, sustainable development — which is conducive to a healthy environment — is gaining traction.

Electric appliances and related equipment, along with renewable power generation systems, are key exports for Mainland China and Hong Kong, with sub-Saharan Africa quickly shaping up to be a high-potential market for both sectors.

Mainland China began 2021 with a single step into a giant continent — Africa, The mainland’s free trade agreement (FTA) with Mauritius took effect on the same day as the African Free Trade Continental Area (AfCFTA), which includes Mauritius, rolled out, forging a link between the mainland and Africa.