Rising gas demand in the EU countries, which have been imposing sanctions on their main provider, Russia, on the back of the Ukraine war, has ... prompted Egypt on the other side of the Mediterranean to boost its LNG exports. Yet, its high domestic consumption and possibly insufficient infrastructure remain stumbling blocks.
The group is in “advanced” discussions with DFIs to raise finance for projects such as one-stop border posts, trade logistics parks and trade finance, Beer says. The aim, he says, is to attract finance that will improve trade infrastructure to the point where users will be prepared to pay for it.
Beer, based in Nairobi, took over from founding CEO Frank Matsaert on 1 September. He’s now developing a new 10-year strategy for TMEA which will include a focus on digitisation. TMEA has been a “victim of its own success” and now needs a “strategy 2.0”, he says.