Kenya, Morocco tops the list of Africa’s avocado exporters
September 27, 2019 | 0 Comments
By Samuel Ouma |@journalist_27
Five months after Kenya struck a trade deal with China to export avocados to the Asian country, the East African country has been ranked third in the world in for the fruit exporting.
Kenya is trailing Colombia and Morocco according to a 2019 half year survey disclosed at the ongoing World Avocado Congress in Medellin Colombia. The survey named Colombia number one country globally when it comes to fastest avocado export followed by Morocco and Kenya completed the list of top three nations.
The 2019 survey shows that Kenya is on the right path in avocado farming. In a 2018 study, it emerged 7th in the list of leading exporters of avocados. Kenya was beaten by Mexico, Netherlands, Peru, Spain, Chile and USA.
Kenya is also represented at the Congress by delegates led by Governor Mwangi Wa Iria and it is set to submit its bid seeking to host the global conference in 2023. Central Kenya County, Murang’a is the largest producer of coffee as farmers across the country are encouraged to diversify agriculture by growing high value crops such as avocado.
“Colombia is among the fastes growing exporters . Touring avocado farms and learning from a three-day conference will equip us with strategies on growing of this fruit,” said one of the Kenyan delegates attending the summit.
China, US and Europe are the destinations of Kenya’s avocados.
MAKING AFRICA TRADE EASY (MATE) “The African Diaspora linking U.S. and African businesses” HIGH LEVEL DIALOGUE
September 27, 2019 | 0 Comments
Washington, D.C.)- September 26, 2019–BELIEVE IN AFRICA (BIA) is honored to announce its first and largest African diaspora gathering conference called “Making Africa Trade Easy” (MATE) scheduled from October 3rd to 4th, 2019 at the prestigious Ronald Reagan Building & International Trade Center located at 1300 Pennsylvania Ave NE in Washington, DC 20004, USA.
“MATE is a collaborative and nonpartisan effort between the U.S. Agency for International Development and the Ronald Reagan Building and International Trade Center and Believe in Africa to unleash the African Diaspora potential as a catalyst for trade between the U.S. and African economies. This first edition aims at promoting the new U.S. Africa strategy “Prosper Africa” as well as advancing Africa’s economic integration,” said Mrs. Angelle Kwemo, Founder and Chair of Believe in Africa.
She added: “It is more importantly a platform that will allow two-way trade between African businesses and their U.S. counterparts, and therefore help strengthen mutually beneficial partnerships that create wealth, prosperity and lasting jobs on both continents.”
MATE’s program comprises a two-day trade fair, high level discussions, workshops on how to do business with U.S. agencies, a fashion show and cultural activities. We are expecting 200 selected high-level delegates from the U.S. and Africa, dozens of speakers and exhibitors and 1,000 visitors.
This year Award Ceremony will be hosted by Maureen Umeh, TV Host.
2019 Believe in Africa Awardees are:
- H.E. Moussa Faki Mahamat, Chairperson, African Union Commission
- Aisha Babangida, Chairperson Betterlife for Rural Women,
- Samba Bathily, Founder, AED Group and
- Dr. Gloria Herdon, CEO GH Global Group.
This years speakers included:
Hon. Ramsey Day, Senior Deputy Assistant Administrator for Africa, US Agency for International Development, Matthew Rees, Prosper Africa Coordinator, David Weld, Senior director, Africa, Millennium Challenge Corporation, Constance Hamilton, Assistant U.S. Trade Representative for Africa, Oren Wyche-Shaw, Deputy Assistant Administrator, US Agency for International Development, Alison Germack, Director of Corporate Development, International Development finance corporation, Heather Lannigan, Regional director for sub-Saharan Africa, US Trade Development Agency – Access Africa, Katie Auth, Acting deputy Coordinator, Power Africa, CD Glin, President & CEO, US Africa Development Foundation, Gregory Simpkins, Senior Advisor, US Agency for International Development, Martin Ezemma, Director of International Business, Prince Georges’s County Economic Development corporation
African government Officials
Hon. Lesego Makgothi, Minister of Foreign Affairs and International Relations, Kingdom of Lesotho, His Excellency Albert M. Muchanga, African Union Commissioner of Trade and Industry, His Excellency Ambassador Fitsum Arega, Hicham Boudraa, Morrocan Agency for Development and Export, MADIE, H.E. DHR Sergio Akiemboto, Minister of Mines and Natural Resources, Suriname.
Actors in the Private sector:
Angelle Kwemo, Founder & President, Believe in Africa, Andrew Gelfuso, Vice president, Ronald Reagan building international trade center, Dr. Aurele Houngbedji, senior risk management officer, international monetary fund, Jeannine Scott, Board Chair, Constituency for Africa, Leila Ndiaye, President & CEO, Institute for Global Development, Flori Liser, president & CEO, Corporate Council on Africa, Scott Eisner*, president, Africa Business Council, US Chamber of Commerce, Samba Bathily, Founder ADS Group, Prof. Landry Signe, David M. Rubenstein Fellow in the Global Economy and Development Program, Brookings Institution, Yusuf Daya, senior manager, Afrexim Bank, Dr. Edem Adzogenu, chair, executive committee, the afrochampions initiative, Wilmot Allen, ceo, VentureLift Africa, Simon Tiemtore, chairman, Lilium capital &vista bank, Reda Rami, chairman, winvestment, Mohammed Ibrahim Jega, Chief Business Development Officer, CEO Vogue Pay, Franklin Assare*, Ghana director, oracle, Dr. Mima Nedelcovitch, Partner, Africa global , Ollowo-N’Djo Tchala, ceo, Alaffia, Albert Zeufack, chief economist, world bank, Salma Seetaroo-Bonnafoux, Ivoirienne de Nois de Cajou, H.E. Aisha Babaginda, Chairperson, Better Life for Rural Women, Rahama Wright, Shea Yeleen, Member U.S. Presidential Advisory Council on Doing Business in Africa, Shehnaz Rangwalla, President, Leadership Global, Dr. Sharon Freeman, President & ceo, Gems of wisdom consulting, Mariama Camara, mariam fashion production, Tebabu essefa, founder & ceo, blessed coffee, Dr. Gloria Herndon, GH Global, Andrew Gelfuso, Vice president, Ronald Reagan Building International Trade Center, Hope Sullivan, consultant, OIC of America, Dr. Malcolm Beech, Sr., President Africa Business League – America, Lledon Stokes, President, National Business League, Stanley L.Straughter, Chairman, African and Caribbean Business Council of Greater Philadelphia, Dr. Menna Menessi, secretary, Ethiopian diaspora trust fund, Awoke Semework, President, Ethio-American Chamber of commerce, Ambassador Robin Sanders, feeds, former Ambassador to Congo, Nigeria and Ecowas, Tumelo Ramaphosa, StudcCoin , Andrew Berkowitz, Crypto Media Company, Camilla Barungi, co-funder, Alliance 4 Development, Ed Thurlow, Bination, Alex de Bryn, Founder and CEO Doshex, Tamra Raye stevenson, CEO, Women Advancing Nutrition Dietetics and Agriculture, Kimberly Brown, phd, amethyst technologies, llc, Dr. Aunkh chanbalala, Director, Department of Science and Technology, South Africa, Adrian Gore, founder & ceo, discovery aid, Betty Adera, Betty Adera foundation
Believe in Africa (BIA) is an African Diaspora-led initiative founded by former U.S. congressional staffers and African leaders in the U.S., to empower young Africans, promote the role of the African private sector, harness the power of the African Diaspora, educate policy makers and the public about African economic growth and highlight the continent’s gradual rise in the global community.
To learn more about BIA visit www.believeinafrica.org
The AfCFTA: The first step of a long marathon
September 25, 2019 | 0 Comments
By Angelle B .Kwemo*
Earlier this summer, the two final holdout countries, Nigeria and Benin, signed on to the African Continental Free Trade Area (AfCFTA) agreement. When this ambitious plan—which has created the world’s largest free trade zone—was first expressed a couple of years ago, I admit that I was a bit doubtful and wondered if African leaders were fully committed to achieving this historical milestone. However, the progress and enthusiasm around the agreement, as well as its potential to be transformational for all Africans, have eased my reservations.
As noted by many experts, including Dr. Landry Signé in a recent report on this subject, the AfCFTA has great potential: By 2030, Africa will have a combined consumer and business spending of $6.7 trillion, offering some of the world’s biggest opportunities for international investors. The United Nations Commission for Africa also estimates that the AfCFTA has the potential to boost intra-African trade by 52 percent by 2022.
There are, however, significant obstacles: Africa is still heavily reliant on commodity and agricultural exports. Industrialization has been slow and, in some places, stagnant. With a global trade share of less than 3 percent, export diversification is yet to be achieved. Current intra-African trade accounts for a mere 16 percent of the continent’s total trade volume.
MIXED VIEWS ABOUT THE POTENTIAL IMPLICATIONS OF THE AFCFTA
As I consider and generally welcome this historical milestone, I still have some mixed feelings about it. Indeed, many experts are torn: While many see the agreement as a crucial move toward fostering regional economic integration and overall economic growth, others fear that African markets are ill prepared for such heightened levels of competition.
Indeed, the continent remains plagued by a number of unpredictable tariff and non-tariff barriers, poor infrastructure, few supportive policies and legal framework, a lack of a transportation network, heavy layers of government bureaucracy, and still-high levels of corruption.
RECOMMENDATIONS FOR THE AFCFTA TO DELIVER ON ITS PROMISE
In order to be successful and deliver on the AfCFTA’s promises, a labyrinth of regulatory hurdles need to be addressed and a number of enabling intertwined actions need to be considered by all stakeholders. These include:
1. Keep African unity in mind through education and communication
The African continent is very diverse in every aspect of its societies, from political and economic systems and currencies to religion, race, culture, and language. As much as the idea of building an African single market is very popular on the continent, some countries remain very protectionist: For example, some small countries like Equatorial Guinea and Gabon are still reluctant to open their borders. In fact, Equatorial Guinea announced earlier this month that it intends to build a border wall to prevent Cameroonian and West African illegal immigration, citing security threats. There have even been some cases of xenophobia-inspired attacks in South Africa.
Therefore, before it become fully implemented, the African Union must bring awareness of the AfCFTA to the general public–especially youth, women, and informal sector actors–by educating them about what it entails and how it might affect them. Importantly, leaders should showcase the agreement’s success stories—not just those of multinationals but also the achievements of small, medium, and large African firms. The goal will be to debunk the misperception that reducing borders will equate to jobs lost or mass immigration from lower income countries.
The African Union should declare an official “Africa Economic Community Day” to celebrate the creation of the AfCFTA, and appoint special envoys from among influencers— such as African celebrities in the arts, media, business, and sports—to engage in commercial diplomacy and to promote unity, tolerance, and a sense of common purpose. Their role will be to educate the general public on the importance of reducing barriers and building a common market. It will mitigate future losses and misperceptions of the AfCFTA in general, prevent xenophobia, and, more importantly, turn African ethnic, cultural, and religious diversity into an asset and not a cause of conflict.
2. Attract investments in power and infrastructure development
Perhaps one of the most pressing issues facing the region is the lack of supportive infrastructure. Without enhanced infrastructure, businesses cannot affordably transform products or move people, goods, and services in a cost-effective way. Unfortunately, according to the African Development Bank (AfDB), Africa’s infrastructure financing needs come down to an estimated $130 billion to $170 billion per year. The African Union (AU) must encourage international partners to invest in regional infrastructure projects as well as national infrastructure development, including through the Africa Investment Forum, the Afrochampions Initiative, and the Program for Infrastructure Development in Africa.
3. Establish a fair mechanism to level the playing fields among member countries
The AfCFTA is host to the greatest level of income disparity of any continental trade agreement. It is more than double the levels witnessed in ASEAN (Association of Southeast Asian Nations) and CARICOM (Caribbean Community) countries. As discussed by Signé and van der Ven, these economic disparities could be addressed by putting in place special and differential treatment (SDT) provisions, especially for least developed countries, coupled with technical assistance programs allowing them to gradually fulfill their obligations under the AfCFTA, monitor progress, and establish safety nets.
4. Strengthen the role of the private sector
Despite the continent’s growth, economists still predict a shortfall of 68 million jobs by 2022, not including the tens of millions of currently underemployed. Even within the context of AfCFTA, the African Union should encourage member states and other institutions to strategically prioritize their private sectors, encouraging investment in infrastructure, technology and power development, and agribusiness. Perhaps more importantly, local and national governments should focus on creating an enabling environment for businesses to prosper and ensuring that the wealth they create is inclusive, sustained, and reinvested in African communities, in youth, and in women.
The informal sector merits special attention, given that it represents more than 66 percent of total employment in sub-Saharan Africa and 52 percent in North Africa. Reducing government bureaucracies and corruption, improving fiscal policies and accountability, and providing training, technology, and access to financial services, will empower start-ups to get out of the informal sector, access the gains of the continental market, and, as a result, increase government revenues.
To conclude, for the AfCFTA to be successful, it is essential that African leaders play their part, keep the bigger picture in mind, and put long-term economic growth and Africa’s betterment before their short-run political agendas. A marathon always starts with one step, but as Madiba said, “It is always impossible until it is done.” Africans have every reason to have hope for a better tomorrow.
LUKOIL Leader says New Africa Energy Book Billions at Play describes Workable Solutions for Africa’s Infrastructure Challenges
September 23, 2019 | 0 Comments
|Ayuk sees the irony in oil and gas produced in Africa being sent away to be refined, then returned as finished products that Africans pay a premium for|
|JOHANNESBURG, South Africa, September 23, 2019/ — Leading African energy attorney NJ Ayuk does not believe in handouts as a long-term strategy for impoverished people or nations.|
But he does think that the companies working on the continent have a responsibility to help their host nations build the infrastructure necessary to expand industrialization.
Bruce Falkenstein, Joint Operations Manager of License Management & Compliance for LUKOIL, agrees with that premise, which is the focus of chapter 10 in Ayuk’s new book, Billions at Play: The Future of African Energy.
Falkenstein has a 40-year career working in all facets of the international oil and gas industry. With regard to Africa, he has extensive experience managing offshore blocks in Côte d’Ivoire, Equatorial Guinea, Ghana, Cameroon, and Sierra Leone for LUKOIL and Vanco Exploration, and had great success in the exploration and development of oil fields in Egypt for Amoco (BP) in the 1980s and 90s.
“There is no getting around it: Africa is exporting raw materials it could be refining and processing, if it only had the capabilities, but not everyone is willing to admit that with the level of candor Ayuk does,” Falkenstein said. “What’s more, he has correctly linked infrastructure deficits to the lack of industrialization and describes workable solutions based on examples from around the world.”
Ayuk sees the irony in oil and gas produced in Africa being sent away to be refined, then returned as finished products that Africans pay a premium for. Roads, railways, and reliable electricity are key to building a manufacturing base in Africa, but they take resources—some of which should be provided by the international energy companies making millions on the continent, he argues.
“It is simply not ethical for American, French, Italian, and other companies to come here and not help lift people out of poverty,” Falkenstein said. “True, they employ indigenous workers and provide training, but one of the biggest benefits would be in committing to help build sustainable infrastructure and physical assets that will remain a plus for the people long after the companies have pulled up stakes and left Africa, and I will add that sustainability of the work force, also a key component of a venture’s ‘built assets’, is critical to the future industrial output of the nations and currently many of the work force assets are left behind without local supporting employment agencies after the stakes are pulled up. Sustainability is only achieved through alignment of the projects with both the real needs of the impacted communities and the spectrum of government stakeholders.
As Ayuk alludes to in chapter 9, Calling All Leaders! More on Good Governance, part of good governance requires that good leadership needs to be able to recognize the upfront additional cost to achieve sustainability results in reduced project risks and improved long-term project stability and economics.”
In Billions at Play: The Future of African Energy, Ayuk does not overlook the issues Africa has caused for itself, including unscrupulous leaders who have siphoned off funds that were intended for the public good. At the same time, as Falkenstein noted, he points out how countries like Kenya have created an enabling environment for manufacturing that supports economic diversification and should reduce the country’s exposure to external shocks, including oil and gas price volatility.
“In NJ Ayuk’s world, there are few villains, just people and businesses who can and need to do more,” Falkenstein said. “That is what makes his book so compelling—it is, truly, fair and balanced. Learning from Ayuk will put you on the successful path in Africa. His first book, Big Barrels: African Oil and Gas and the Quest for Prosperity, should be within close reach for any serious oil and gas executive and negotiator. With that said, Ayuk’s newest book needs to be in even closer reach as each of you pursue your own quest for Billions.”
NJ Ayuk is founder and CEO of Pan-African corporate law conglomerate, Centurion Law Group (CenturionLG.com); Founder and Executive Chairman of the African Energy Chamber; (EnergyChamber.org) and co-author of Big Barrels: African Oil and Gas and the Quest for Prosperity (2017).
He is recognized as one of the foremost figures in African business today.
Billions at Play: The Future of African Energy will be published by October 2019.
Pre-order your copy on Amazon. (https://amzn.to/2ksOLo0)
Cameroon: Foretia Foundation trains Business operators on Basic entrepreneur skills
September 20, 2019 | 0 Comments
Boris Esono Nwenfor
The Small Business and Entrepreneurship Center (SBEC), which focuses on equipping entrepreneurs and small business owners with organizational and business management skills that promote a free enterprise society, has trained participants on “Small Business Management and Entrepreneurial skills”.
During the event organized by the Denis and Lenora Foretia Foundation in partnership with the Canada International Development – Global Affairs Canada at the Mansel Hotel in Yaounde September 19, 2019, more than 100 small business owners in the formal and informal sectors, businesswomen association, Agribusiness persons and prospective business owners were trained on Business management, Tax requirement, registration, declaration procedures and access to finance.
SMEs in Cameroon face serious challenges (inadequate capital, lack of managerial skills, lack of knowledge on the tax system)-which affects their growth and sustainability. Thus, this training falls within the framework of the prime purpose of the Small Business and Entrepreneur Centre (SBEC) – to spur economic growth in Cameroon through the provision of tools to establish, expand and sustain private sector business.
The SBECtraining was the first of a series of six training to be held in Yaounde and Douala which is aimed at equipping Small and Medium Size Enterprises with basic managerial and entrepreneurship skills – with another scheduled for September 26 in Douala. The various modules taught include Business management, Tax requirement, registration, declaration procedures and access to finance.
Javnyuy Joybert, a Social Entrepreneur, Enterprise Development and Corporate trainer/consultant, Founder/CEO COSDEF group, speaking on Business Management educated the participants on how to manage teams, develop their business models and how to look in order to sell out their products or services. During the exchanges he advised that as a Startup, it is always important to first go to the field before and learn basic things before proceeding with the development of a business plan.
On his part, Ngeh Edison Tamfu, Founder of REO Cameroon, and a Small Business Consultant speaking on tax requirements, registration and declaration procedures edified the various participants on the various facilities that have been put in place to encourage those operating in the informal to move to the formal sector.
Participants were enlightened on the different mechanisms put in place by banks to assist small business owners. They were advised to try out other sources of funds like family, friends, groups before trying out the banks. The participants were cautioned that before the go to the banks, they should have collateral, be credible and trustworthy.
Small and Medium Size Enterprises (SMEs) contribute around 36% of Cameroon’s GDP, make up over 90% of businesses in Cameroon, and employ above 60% of the population. Yet, glaring realities indicate that enormous potentials inherent in this sector are unfortunately not fully harnessed — especially given that above 70% of SMEs still operate informally.
Looking at Fraser Institute’s 2017 Economic Freedom Report, for example, Cameroon is amongst the least business-free environs. Thus, for the creativity, innovation, growth, and sustainable development of SMEs in Cameroon, promoting economic freedoms and training in the right business/entrepreneurial skills are imperative.
Equatorial Guinea’s local services companies continue to attract best international partnerships
September 19, 2019 | 0 Comments
Apex Industries will partner with the Duscaff Organization for the supply of scaffolding products that comply with the best oil and gas industry and global norms
JOHANNESBURG, South Africa, September 16, 2019/ — As Equatorial Guinea prepares to host the Oil & Gas Meeting Day in Malabo on October 1st and 2nd, 2019, one of the country’s local services company has signed an international partnership with a $440m services conglomerate.
Apex Industries, an indigenous service company providing services in the oil & gas industry in Equatorial Guinea, has signed a deal with the Duscaff Organization, a joint international scaffolding supply company headquartered in Dubai.“Apex is determined to work with the oil sector and build alliances with international companies to add value to Equatorial Guinea’s economy. This partnership allows us to gain the know-how from a reputable industry leader like Duscaff and work with them to create jobs for our people,” said Apex CEO Leoncio Amada Nze
Under the agreement, Apex Industries will partner with the Duscaff Organization for the supply of scaffolding products that comply with the best oil and gas industry and global norms and can support several ongoing and future construction and industrial projects in Equatorial Guinea and the CEMAC region.
“The Africa Energy Chamber welcomes such agreements. This is tangible evidence that African services companies can attract the best international agreements, when they position themselves as strong and credible local partners in their market. This contributes to building local capacity and to the growth of the industry. We want to see African companies making money and profiting from oil and gas in Africa,” declared NJ Ayuk, Executive Chair of the African Energy Chamber and CEO of Centurion Law Group.
Andela Restructures Talent Pipeline to Meet Global Market Demand
September 17, 2019 | 0 Comments
Lagos, Nigeria. Tuesday 17 September 2019. Andela, the company that builds distributed engineering teams with Africa’s top software engineers, is announcing the departure of approximately 250 junior engineers and staff from its Nigeria and Uganda hubs with another 170 potentially impacted in Kenya. The move comes as the company looks to restructure its talent pool to more closely align with global market demand.
Andela is now working with all impacted and potentially impacted employees and is committed to providing a holistic professional and financial support package.
In addition, the company is partnering with CcHUB (Nigeria), iHub (Kenya), and Innovation Village (Uganda) to help connect impacted developers with opportunities in their local ecosystems. Together, they have identified over 60 companies who are looking to hire top quality junior engineering talent. These hubs will also offer impacted engineers the opportunity to use their co-working spaces free of charge for the next three months.
Jeremy Johnson, Andela co-founder and CEO says: “As the talent world has evolved, we have as well, and over the past few years it’s become increasingly clear that the world needs what Andela provides: high-quality engineering-as-a-service. It has also become clear, however, that the majority of the demand is for more experienced talent, and to keep up with it, we need to grow our senior talent base even faster.
“This shift in demand also means that we now have more junior talent than we are able to place. This is a challenge for the business, and for these junior engineers who want, and deserve, authentic work experiences that we are not able to provide.”
Beyond this restructure, Andela continues to grow rapidly with plans to hire an additional 700 experienced engineers by the end of 2020. Today’s announcement will not affect Andela customers’ operations, as the company evolves to deliver even stronger engineering support for their teams.
Seni Sulyman, Andela VP of Global Operations says, “Our immediate priority is to ensure that our colleagues who are affected by this change are well supported to succeed in their next career moves. We are in talks with tech leaders across Africa, who have been very supportive in exploring opportunities for these talented Andelans. We are also focusing our attention on providing adequate support for the rest of Andela during this period, as we continue to build a world-class engineering organization.”
Moving forward, the company will continue to invest in the Andela Learning Community (ALC), which has already introduced over 30,000 learners from across the continent to software engineering. Over the next three years, the company expects over 100,000 engineers from across the continent to take advantage of programs within the community.
Johnson concludes, “Five years ago, we launched Andela to solve a global challenge: Brilliance is evenly distributed, but opportunity is not. To succeed in our long-term mission, we have to make tough decisions to continue growing a company that we know will change the way the world thinks about talent.”
Andela is a global technology company that builds distributed engineering teams with Africa’s top software engineers. In five years, Andela has hired more than 1,500 software engineers, with its largest engineering centres in Lagos, Nairobi, Kampala, and Kigali, a growing presence in Cairo and Accra, and offices in NYC, SF, and Austin. Backed by Generation Investment Management, Chan Zuckerberg Initiative, GV, and Spark Capital, Andela is powering global engineering teams while catalyzing the growth of tech ecosystems across Africa.
US Firm Pioneer Energy Exec says “Billions at Play” gives a roadmap for attracting US Investment to Africa
September 17, 2019 | 0 Comments
|Africa is one of the few investment frontiers left where large margins can still be realized|
JOHANNESBURG, South Africa, September 9, 2019/ — Leading African energy attorney NJ Ayuk is confident that a more equitable and prosperous Africa is within reach. He outlines the avenues individuals, companies and governments can pursue to realize that future in his new book, Billions at Play: The Future of African Energy and Doing Deals.
Among other things, Ayuk believes Africans need to have better control of their resource wealth—specifically the riches that lie in the continent’s largely unexploited oil and gas basins. At the same time, he knows Africa is not completely ready to go it alone: the knowledge and technical prowess of American multinational energy companies are essential to both exploration and production. In recent years, however, as those businesses turned their attention to prolific U.S. shale, they’ve pulled out of opportunities they consider riskier, and that includes Africa. However, recent market trends based on regulatory political decisions have proven risky in US markets. Africa is one of the few investment frontiers left where large margins can still be realized, and it’s time America started taking these opportunities seriously.
In Chapter 17, American Ingenuity and African Oil and Gas Potential, Ayuk analyzes those risks, separates fear from reality, and puts forth strategies for attracting American investment, including more lucrative production sharing contracts. The result is a formula Ann Norman, Pioneer Energy’s General Manager for Sub-Saharan Africa, supports.
“Like me, Ayuk sees opportunity all around him, and he realizes that appropriate development will solve many of the continent’s challenges, including power generation,” Norman said. “In his chapter about American ingenuity, he recommends a number of thoughtful approaches Africa can take to foster American oil and gas investment. For one, Ayuk advocates looking at investments from the American point of view. Is the government stable? Has it always honored foreign contracts? Ayuk knows there are too many competing interests for American dollars for Africa to be able to overlook any details and still win.”
Ayuk also makes a strong case for more women to join the leadership in Oil and Gas. “He marks this as a priority when it comes to making Africa taking its true place in the world,” Norman said.
Colorado-based Pioneer Energy is working on solutions to help curb gas flaring in Nigeria and Equatorial Guinea, as well as other markets in Africa. These efforts have largely been spearheaded by Norman, who moved to Nigeria to play a more active role in the country’s energy industry. Throughout her career, Norman has been instrumental in introducing U.S. companies into emerging African markets, as well as showcasing and driving foreign direct investment in Africa, particularly in the healthcare, energy and infrastructure spaces.
NJ Ayuk is founder and CEO of Pan-African corporate law conglomerate, Centurion Law Group (https://CenturionLG.com/); Founder and Executive Chairman of the African Energy Chamber (https://EnergyChamber.org/); and co-author of Big Barrels: African Oil and Gas and the Quest for Prosperity (2017).
He is recognized as one of the foremost figures in African business today.
Billions at Play: The Future of African Energy and Doing Deals is now available for pre-order on Amazon. Order your copy today.
In Central Africa, a revolutionary driller is teaching us a lesson about oil
September 14, 2019 | 0 Comments
As drilling activity picked up, production increased, and so did revenues
By Mickael Vogel*
JOHANNESBURG, South Africa, September 13, 2019/ — By Mickael Vogel, Director of Strategy, African Energy Chamber
Chad’s rigs count has been surprisingly high for a year now, in a country that produces only about 100,000 bopd. With seven rigs deployed on its territory since September 2018 accoridng to Baker Hughes GE, Chad counts more rigs than most African petroleum provinces. It is more than Angola, sub-Saharan Africa’s second largest producer of oil. It is almost more than Congo, sub-Saharan Africa’s third largest producer. The list continues: it is more than Gabon, Cameroon, or even Equatorial Guinea.
The reason: Chad is drilling. In efforts to expand exploration and boost domestic production, the land-locked Central African nation is proving that focusing on basics is a recipe for success. Drilling efforts have translated in increased production and oil revenues, despite several industry setbacks.
The recovery of Chad’s economy and petroleum sector after the recent plunge in oil prices has indeed not been a smooth journey to say the least. Chad has Africa’s 10th largest proven oil reserves but its output has been slipping in recent years due to maturing fields and disruptions caused by the conflict with Boko Haram in the southwest. Lower commodity prices added another layer of complexity to an already very intricate situation, and put the economy in jeopardy. Hopes brought by the renegotiation of the country’s debt with Glencore and the rebound in oil prices were short lived. In 2019, both ExxonMobil, which produces a fourth of the country’s oil and Glencore, which represents about 9% of Chad’s production, announced their intention to sell their assets in the country.
But as two of its biggest operators prepared their exit, Chad welcomed new ones and did not loose focus on bringing out what former minister Me Béchir Madit had then called a “second golden age of oil between the end of 2019 and 2025.” To ensure the growth of its industry, Chad launched the construction of the mini Rig-Rig refinery in 2017 to address crying domestic shortage of petroleum products, granted several new fields to the CNPCIC in the Bongor Basin, welcomed new operator United Hydrocarbons, and renegotiated its debt with commodity trading giant Glencore in 2018.
As oil prices started rebounding, good news came along. Taiwan’s Overseas Petroleum and Investment Corporation completed its exploitation platform and connection pipeline to the Komé centre, while Petrochad developed its Krim-Krim wells. The Société des Hydrocarbures du Tchad (SHT), the country’s national oil company, also made progress on the development of its Sedigui field by signing a contract with a Sino-British consortium for the construction of a gas pipeline, gas treatment facility and gas terminal in Djarmaya.
In two months alone, between July 2018 and September 2018, rigs deployed in Chad went up from only one to seven, according to Baker Hughes GE. That’s a considerable jump in such a short time, while most of its neighbours were still dealing with a drilling syndrome. For a year now, Chad has had more rigs deployed on its territory than most other African markets, revealing sustained drilling activity which has now translated in numbers. As drilling activity picked up, production increased, and so did revenues.
According to the latest reports of the Ministry of Finance and Budget, Chad’s oil production and oil revenues have witnessed considerable increase in 2019 so far. In the first quarter, oil revenues increased by over 64% compared to the same period last year, led by an increase in production by over 18%, most of it due to the CNPCIC, and thanks to a better foreign exchange rate. The second quarter confirmed the trend. During this period, oil revenues increased by another 38.6% while oil production increased by 23%, again led by the CNPCIC which has witnessed a growth of production by over 45% this year so far. Between January 2019 and June 2019, Chad produced 22,791,749 barrels. On a daily basis, that’s an average of 126,000 bopd, a very healthy figure for a state whose revenues come at 70% from oil exports.
Improved situation in Chad explains why the acquisition of ExxonMobil’s 40% stake in the Doba Basin has become a source of intense bidding and negotiations. It also explains why the country’s economic forecast are bright. In 2019, the IMG predicts Chad’s economy to grow by 4.5%, well above the world’s average of 3.3%. When many African oil nations struggle with a slow recovery, Chad reminds us that a successful energy strategy is a no brainer, and drilling must be a part of it.
*Director of Strategy, African Energy Chamber
Deloitte Africa honoured for efforts towards increasing representation of women
September 13, 2019 | 0 Comments
Johannesburg, 06 September 2019 – Deloitte Africa has been honoured with second place in both the Empowerment of Women in the Community and the Women on Boards categories at this year’s Gender Mainstreaming Awards, held at Gallagher Estate, in Johannesburg, last night.
Managed by Business Engage, these awards aim to encourage private sector buy-in to achieving more meaningful representation of women in the mainstream of business and to serve as a springboard for further achievement for companies that are still starting out on their gender diversity journey.
Deloitte Africa was this year also awarded two further accolades in the individual categories, with the chairman of Deloitte Africa, Trevor Brown, winning the Trailblazer award in the Inclusive Leadership category; and the leader of Diversity and Inclusion for the company’s Africa operations, Eshana Manichand, being named the second place finalist for the Positive Role Model: Management award.
Deloitte Africa was also selected as a finalist for the Mainstreaming Gender and Disability award.
Justine Mazzocco – Managing Director of Talent and Transformation, Deloitte Africa –
says the company is immensely proud to be recognised for its efforts to increase the representation and retention of women on their staff.
“We are working hard to ensure that our talent pool is diverse and reflects the make-up of our society. Operating a diverse and inclusive organisation is also fundamental in this area and we seek to leverage our differences as a strength that makes our organisation better,” Mazzocco says, “Some of the initiatives we’ve implemented include focusing on creating an environment that enables women to achieve their ambitions and embraces generational diversity. To date, we have a record 33% female representation on the Africa board, and a 31% women ownership as of 1 June this year, which further highlights our commitment to elevating women at strategic levels”.
On winning the award for Inclusive Leadership, Brown says, he has always had a natural affiliation towards gender equality, even before it became a corporate imperative.
“Mutual respect and the belief that all people should be treated with dignity must underpin organisational culture,” he says, “The tone at the top, when it comes to gender equality, drives the ethos throughout the organisation. Being intentional about diversity and driving gender equality is of utmost importance to Deloitte, and especially key to me in my leadership role.”
Manichand said of her achievement, “With our global ALL IN strategy we have reinforced our commitment to maintaining an organisation where everyone has an equal opportunity to grow, develop, and succeed; to be their truest selves, both professionally and personally.
She says Deloitte Africa aims to increase the representation and retention of under-represented groups across all levels of the organisation, with a particular focus on women.
“Investing our time, effort and energy in people and witnessing their moment of success is extremely rewarding and purposeful,” she says.
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Nigeria:Enyo Retail Promotes Healthy Living for Its Customers
September 13, 2019 | 0 Comments
–… Offers NULI at service stations
Lagos, Nigeria – In line with the brand commitment in enhancing customer experience, ENYO Retail and Supply has partnered with NULI, Nigeria’s leading farm-to-table food chain, to enhance customer experience by providing Nuli’s fast-casual healthy food and drink café.
Commenting on the initiative, Abayomi Awobokun, the Chief Executive Officer, Enyo Retail and Supply said, “We are excited to announce our new feature, incorporating NULI stands at select Enyo stations. At Enyo, we are extremely committed to the health and overall wellbeing of our customers and we are constantly seeking out innovative mediums that will enable our customers live their best lives. As a customer-focused business, it is also important for us to provide channels that are meaningful to people’s needs, passions and lifestyle, hence this strategic provision of NULI products.”
By providing these products, including all-natural juices, smoothies and a variety of freshly-made hot meals, Enyo is not only encouraging wholesome lifestyle but also promoting local businesses. With more customers dealing with Enyo and in turn patronizing NULI, the technology driven brand hopes to foster the importance of well-being in the country. This will empower individuals to have access to cleaner meal alternatives at an affordable price and encourage a healthier and happier generation.
Also speaking on the alliance, Ada Osakwe, Founder and Chief Executive Officer, NULI said, “At Nuli, having the right associations really matter to us. ENYO’s Leadership team convinced us of their bold vision to transform the lifestyle of Nigerians, and we knew they were the best partners to work with. As a proudly Nigerian company, serving only locally-grown food, working with Enyo, another world-class Nigerian firm, was essential.”
With this exemplary initiative, Enyo has once again positioned itself as the front – runner in the downstream oil industry by being the first fuel retailing company in Nigeria to feature a farm-to-table wellness café at its service station.
Kenya:Huawei’s new approach in involving more women in Technology
September 11, 2019 | 0 Comments
By Samuel Ouma | @journalist_27
Huawei Kenya has committed to support women in the IT via charitable aid through an initiative called Women In Technology Huawei (WITH) aimed at doing away with a notion hold by majority that only men can do well in technology sector. The program targets 4,000 girls and women within one year.
Through WITH women in technical careers will be empowered, connected and supported to develop their careers, interest and leadership skills especially in Science, Technology and Mathematics. They will also be provided with role models and opportunities.
The initiative will see doubling of the number of young girls mentored and trained through Cooperative Research Centres (CRC)program, promotion of one third of Huawei employees and training of one half of employees in 2019, increasing trained females students by 10 per cent and female lecturers by 5 per cent from 10 per cent. Other targets are partners with their women, at least 7 customers and women-owned suppliers.
“I am personally driving this Women In Technology Huawei initiative as a boost for the women in Technology. The data for Huawei is about average for the ICT industry in Kenya which is too low, thus the need to improve into a more strategic and ambitious strategy. Huawei has in the best done quite a lot to its staff and interns as well as to its charity and University partner, but still finds more things. We have set some plans and targets and we will do our best and try to improve,” said CEO of Huwai Kenya Stone He.