DevPact supported work with agri-businesses in Mpumalanga that assists to catalyze investment into the province’s agricultural sector to support green and inclusive growth in alignment with the broader objectives of the Just Energy Transition Partnership (JETP) to support South Africa's decarbonisation efforts
The governments of South Africa, France, Germany, the United Kingdom and the United States of America, along with the European Union, have an ambitious, long-term Just Energy Transition Partnership to support South Africa's decarbonisation efforts. The Partnership aims to accelerate the decarbonisation of South Africa's economy, with a focus on the electricity system, to help it achieve the ambitious goals set out in its updated Nationally Determined Contribution emissions goals. To execute on the ambitious aims of JETP, there is a need to drive the inclusive and economic growth of the economy in the major coal mining region of the country. The Mpumalanga province of South Africa produces 80% of the country’s coal and of the13 coal-fired power stations that Eskom operates, 11 are in Mpumalanga (70% of Eskom’s generation capacity is in the province). The agriculture and agro-processing sectors have been identified as high potential sectors on which to achieve this objective. To better understand these sectors’ potential in the province, DevPact was commissioned by TechnoServe to identify and validate relevant agribusinesses in Mpumalanga as a pipeline that could be targets for investment/FCDO support, leveraging local networks including local government and NGO databases and networks where relevant. These agribusinesses and the recommended interventions had to show significant job creation potential in line with JETP priorities. DevPact engaged over 60 agribusinesses, private and public sector financial service providers and farmers in Mpumalanga in support of this objective.
Partner: Technoserve
