Africa Should be Allowed to Use its Resources
November 29, 2019 | 0 Comments
|The African Energy Chamber launches a petition against the idea that the continent should not explore its full hydrocarbon potential in the wake of the climate change debate|
|JOHANNESBURG, South Africa, November 29, 2019/ — On the backdrop of the climate change debate, Africa finds itself in an unfortunate position where it is required by the global energy industry to slow down its progress and not explore its hydrocarbons potential to its fullest. This is not right.|
At the African Energy Chamber we do not deny the impacts and severity of climate change. We recognize the role and significance of the Paris Agreement which over 30 African countries have signed. However, we believe the energy transition should be gradual and considerate of the power gap the exists in Africa.
On the continent, our foremost obligation as industry leaders is to ensure that Africa’s people have access to energy. We are determined to address the everyday issues that the continent is faced with.
Energy poverty is Africa’s most critical concern. For us, it is a life and death situation. In Africa, over 600 million people still do not have access to power. And, we remain a net importer of energy yet we boast 125 billion barrels of proven oil reserves, accounting for 7.3 percent of global oil reserves and, 509 tcf of gas – accounting for 7.2 percent of global reserves.
Our natural resources are important for our development. We cannot ignore what the continent needs, in the interest of supporting global trends when our economies remain underdeveloped. Our hydrocarbon potential is vast and Africa is home to a number of emerging economies who are steadfast on taking their rightful place in the global energy sector, our time to industrialize is now.
We applaud our brothers, sisters and friends in the west such as Norway and Germany for having used their oil and gas resources to develop their countries and build thriving economies. But, Africa deserves the same opportunity to build world-class economies.
“At the African Energy Chamber, we understand that issues of climate change are important but, this new drive for environmental colonization bullies African countries to leave their resources and depend on the sun,” said NJ Ayuk Executive Chairman of the African Energy Chamber and author of Amazon best-seller, Billions at Play: The Future of African Energy and Doing Deals.
In the past, Africa has been far too reliant on foreign aid and while in some ways it has been extremely helpful and beneficial, it has also taken away our independence. In several instances, Africa has always taken the passenger seat when it comes to deciding its future but, it must end now.
Our continent needs to be left alone to decide its own fate.
The African Energy Chamber strongly stands against the idea that Africa should ignore its potential and ability to leverage its resources as a means to drive growth, create opportunities for investment and development.
As the voice of the African energy industry, we are proud to announce our counter-campaign on the insistence that the continent should pursue a less carbon-intensive energy future as a way to support global interests which Africa has not yet benefitted from.
To support our campaign, sign our petition on http://bit.ly/2OYZa5Z
Through building a strong network driven by common interests, the African Energy Chamber is determined to improve the landscape of the African energy sector and explore the continent’s full potential in a way where our people benefit first.
*Source Africa Energy Chamber
Junior Achievement Africa Hosts 9th Annual Africa Company of the Year Competition
November 29, 2019 | 0 Comments
Accra, Ghana – Junior Achievement (JA) Africa is proud to announce that the 2019 Regional Company of the Year (COY) Competition will return to Accra, Ghana. The competition will bring together Company Program students from the 15 African countries where JA works in Africa. The event will take place from 4-6 December 2019 at the Swiss Spirit Hotel and Alisa Suitesunder the theme “Activating Disruptors”, which challenges the students to come up with products and services that will disrupt various industries.
The COY competition is JA Africa’s annual celebration of students of the JA Company Program, who have created and run their own businesses during the school year. The Company Program is JA’s flagship entrepreneurship education curriculum which teaches introductory business to thousands of secondary school students in Africa every year. For millions of young Africans, creating their own enterprises is the most viable avenue for employment as the formal sector is unable to meet the employment demands of the growing youth population.
Graduates of the Program compete at national level for the opportunity to represent their country at the regional level. The competing teams will pitch business ideas to judges at the regional competition, demonstrate understanding and explain how and why their businesses performed as they did. Judges will be looking at the current performance and future potential of these business, as well as the personal development of the team members. In addition to the finalist awards, students will also compete for several branded awards presented by the funders of the competition.
Each year, JA Africa engages over 250,000 students across Africa, teaching them how to start and run their own businesses. Harnessing Africa’s youth potential through entrepreneurship education has the potential to translate into a dividend for the continent. The creation of enterprises does not only contribute towards economic growth, but also creates jobs for other young people. Giving these young entrepreneurs the experience of running businesses builds their minds to take on the challenges and opportunities entrepreneurship brings.
This year’s competition is supported by FedEx, Citi Foundation, Delta Air Lines, Tomorrow Foundation, Kosmos Energy, Facebook, LAWtrust, Bechtel, African Export-Import Bank, The Coca-Cola Bottling Company of Ghana Limited, Newmont Goldcorp Ghana, Bata, and L’Oreal.
JA Africa prepares youth for the future of jobs through the delivery of financial literacy, work readiness, and entrepreneurship training. JA Africa reaches over 250,000 young people in 15 countries in Africa each year (www.ja africa.org).
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $70 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 450,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. Citi invests in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill its mission and drive thought leadership and innovation. www.citifoundation.com/citi/foundation
Delta Air Lines:
Delta Air Lines serves more than 180 million customers each year. In 2017, Delta was named to Fortune’s top 50 Most Admired Companies in addition to being named the most admired airline for the sixth time in seven years. With an industry- leading global network, Delta and the Delta Connection carriers offer service to 323 destinations in 59 countries on six continents.
Tomorrow Foundation supports African development. They harness technology and bring the most useful techniques and technologies affordably to all Africans to improve their living standards and boost the economies of African countries.
Kosmos is a premier international oil and gas exploration and production company focused on the frontier.
Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together.
LAWtrust is Africa’s leading trust centre, security integrator and security solutions developer and also the company responsible for South Africa’s new national smart ID cards. With more than 20 years’ experience, LAWtrust’s CEO Christi Maherry lives and breathes everything related to tech, entrepreneurship, leadership as well as youth- and female-empowerment. Christi is a Board member of Junior Achievement Africa.
Bechtel Corporation is an engineering, procurement, construction, and project management company, headquartered in Reston, Virginia. It is the largest construction company in the United States.
African Export-Import Bank:
African Export–Import Bank, also referred to as Afreximbank, is a pan-African multilateral trade finance institution created in 1993 under the auspices of the African Development Bank.
The Coca-Cola Bottling Company of Ghana Ltd:
The Coca-Cola Bottling Company of Ghana Limited (TCCBCGL), a subsidiary of Equatorial Coca-Cola Bottling Company, is the authorized bottler of Coca-Cola beverages in Ghana. The Coca-Cola Bottling Company of Ghana Limited believes in investing in the future.
Newmont Goldcorp is one of the world’s leading gold companies. Newmont’s presence in Ghana includes the Ahafo mine in the Brong-Ahafo region and the Akyem operation in the Eastern region near New Abirem.
Founded in Paris in 1953, L’Oreal has risen to become the world’s number one cosmetics company.
Namibia elections:largely peaceful and orderly says Commonwealth Observer Group
November 29, 2019 | 0 Comments
Namibia’s election on 27 November was carried out in a largely peaceful and orderly manner, according to an interim statement issued by the Commonwealth observers who were deployed to the country.
The group noted that the 2019 Presidential and National Assembly Elections – the sixth multiparty elections since Namibia’s independence – were the most competitive in the country’s electoral history.
Issuing the Group’s preliminary statement in Windhoek, the Chair of the Observer Group, former Attorney General of Zambia Musa Mwenye, said: “We observed that the processing of voters remains slow, thereby resulting in an arduous polling experience for many voters, with lengthy queues and voting extending well beyond close of polls.
“All voters who were still in the queue at close of polls at 9pm were allowed to vote, in accordance with the law.
“The average time for processing of a voter is approximately four minutes. In this respect, we encourage the Electoral Commission of Namibia to explore practical options to expedite the process, without undermining electoral integrity.”
Mr Mwenye said: “We were particularly impressed by the large numbers of women and youth who participated in the electoral process as candidates (including through party lists), voters, polling staff, party monitors and citizen observers. While these groups’ participation was commendable, we do encourage further action to enhance their effective participation in political and state institutions.”
The observer group called on the Election Commission of Namibia, political parties, civil society and other electoral stakeholders to engage in post-election, inclusive dialogue on how to resolve the issue of the lack of a verifiable paper trail ahead of future elections, whilst also stressing the need to invest more in voter education.
The group underscored the need for all stakeholders to remain patient and tolerant, while the Electoral Commission of Namibia concludes the results processes.
The Group’s final report will be submitted to the Commonwealth Secretary-General and subsequently made available to the Government of Namibia, political parties, the Election Commission and the public.
The African Energy Chamber launches its African Energy Outlook for 2020
November 28, 2019 | 0 Comments
|The report looks at key developments in major African oil and gas producers and offers key insights into the growth potential of the industry|
|JOHANNESBURG, South Africa, November 28, 2019/ — The African Energy Chamber is pleased to announce the launch of its inaugural African Energy Outlook for 2020.|
Providing a thorough look at the continent’s oil and gas sector, the report analyses the state of the industry, highlighting current trends, opportunities, and key challenges and how they will impact the future of Africa’s energy and economic development.
With a focus on key strategic and operational developments for 2020, the African Energy Outlook forms part of the African Energy Chamber’s mission to play an instrumental role in laying the foundation that will ultimately allow Africans to benefit from its resources for generations to come.
The report looks at key developments in major African oil and gas producers and offers key insights into the growth potential of the industry whilst examining the role of the public and private sector. It also includes the African Energy Chamber’s Top 25 Movers and Shakers to Watch list which profiles individuals who will play a big role in shaping the continent’s energy economy in 2020.
“We are delighted to announce the launch of the African Energy Outlook for 2020. This document is our analysis of where Africa’s oil and gas sector currently stands and our forecast of what 2020 holds. In it, we study key factors that will contribute to the growth and development of Africa’s oil and gas sector. This includes regulatory and strategic reforms, finance and trading, foreign participation in Africa’s energy sector and the role of gas developments on the continent,” said Verner Ayukegba, Senior Vice President of the Africa Energy Chamber. “This document is not a compilation of what Africa is doing wrong but rather what it has done right and how it can build on this to unlock greater opportunities for growth and investment,” he added.
The African Energy Outlook 2020 is now available for free download
*African Energy Chamber
Equatorial Guinea launches First Ever Corporate Social Responsibility Book
November 28, 2019 | 0 Comments
|The book was distributed during the 2nd Gas Exporting Countries Forum International Gas Seminar|
|MALABO, Equatorial Guinea, November 28, 2019/ — The publication highlights key achievements in corporate social responsibility projects within Equatorial Guinea’s oil and gas sector; notable projects include the Bioko Island Malaria Elimination Project, Bioko Biodiversity Protection Program and former Program for Education Development of Equatorial Guinea; the book was distributed during the 2nd Gas Exporting Countries Forum International Gas Seminar and will be further distributed throughout the 2020 Year of Investment international events and roadshows.|
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has launched its first official publication documenting the country’s key corporate social responsibility projects, spearheaded by public-private partnerships.
Equatorial Guinea: Achievements in Corporate Social Responsibility in Oil & Gas highlights the impact of investment in social projects on malaria reduction, healthcare, access to clean water and infant mortality rates. Notable projects include the Bioko Island Malaria Elimination Project – which recently received the P3 Impact Award at the 2019 Concordia Summit for its high impact and degree of success; the Bioko Biodiversity Protection Program; the Baney District Hospital Project; the Ver Bien project; Tuberculosis Control Project and the construction of water wells throughout the country.
“On behalf of the Ministry of Mines and Hydrocarbons, the Department of Local Content is honored to create a publication that demonstrates the contributions of the oil and gas sector to the people of Equatorial Guinea, who continue to remain our highest priority. Furthermore, what we have done in the past 25 years, in terms of the elimination and prevention of malaria on Bioko Island, teacher training and access to education, the Program for Education Development of Equatorial Guinea, distribution of clean water to rural communities, the construction of schools and parks throughout the country, and more – speaks to what we can and will accomplish in the next 25 years,” says Jacinto Owono, Director of Local Content for the Ministry of Mines and Hydrocarbons.
The book also focuses on efforts in education and sustainability activities, including training and giving scholarships to students in and outside of the country, as well as the construction of an education infrastructure. Key projects include the former Program for Education Development of Equatorial Guinea; the construction of the National Technological Institute of Hydrocarbons of Equatorial Guinea; the construction of primary schools throughout the country and the Books for Bioko project.
Under the official endorsement of the Ministry of Mines and Hydrocarbons, the book includes commentary from H.E. President Teodoro Obiang Nguema Mbasogo, Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima and Jacinto Owono, Director of Local Content for the Ministry of Mines and Hydrocarbons.
The publication was financed by Kosmos Energy.
* SOURCE Africa Oil & Power Conference
FIFA’s Infantino cancels trip to Malawi
November 27, 2019 | 0 Comments
By James Mwala
World football governing body FIFA President Gianni Infantino was forced to cancel his trip to Malawi over the poor state of one of the airports his plane was supposed to land today.
The FiFA leader was supposed to arrive in Malawi’s capital, Lilongwe via the Kamuzu International Airport before connecting to Chileka Airport in Blantyre.
But according to the Football Association of Malawi, the cancellation followed an inspection that the FIFA Aviation team carried at Chileka Airport where there are rehabilitation works.
‘’ After carrying out a full assessment of the secondary runway, FIFA Aviation at the last minute ruled that they couldn’t take a chance to land at Chileka Airport for safety reasons. Alternative efforts to have the plane land at Kamuzu International Airport in Lilongwe and use other means to transport the delegation to Blantyre were not successful due to the tight schedule of the FIFA President who was expected to arrive in the country at 2pm and leave at 7pm for Democratic Republic of Congo. ‘’a statement from FAM reads.
The football association has since said that it is closely collaborating with FIFA on rescheduling the visit to an earliest convenient date.
During his planned visit said to last for at least four hours, he was slated to launch the Mpira Stadium in Blantyre which was built under FIFA football development projects.
His trip was argued by sports commentators as meant to support the bid of FAM President Walter Nyamilandu, a FIFA Council member who is also seeking re-election for the FA in a poll next month.
Equatorial Guinea Announces $1 Billion in Projects for ‘Year of Investment 2020’
November 27, 2019 | 0 Comments
|The projects were announced during a press conference at the 2nd Gas Exporting Countries Forum International Gas Seminar on Wednesday|
|MALABO, Equatorial Guinea, November 27, 2019/ — Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima revealed several capital-intensive projects as part of Equatorial Guinea’s upcoming 2020 Year of Investment initiative; Notable projects open for investment include the construction of three in-country oil refineries, liquefied petroleum gas strategic tanks, a Urea plant and the expansion of a compressed natural gas project; The projects were announced during a press conference at the 2nd Gas Exporting Countries Forum International Gas Seminar on Wednesday.|
The Minister of Mines and Hydrocarbons of Equatorial Guinea announced ten public-private, partnership-led projects which will be open for investment in the upcoming year and which focus on downstream diversification and adding value to domestic crude production.
“2019 was a year in which we showed the world the potential of Equatorial Guinea. That was phase one. Phase two is the investment year. For many years, we have been exploiting our resources and exporting them, but now is the time that we get to the stage of processing,” said H.E. Minister Gabriel Mbaga Obiang Lima, on the sidelines of the 2nd GECF International Gas Seminar in Malabo. “Midstream is going to be very important because we already have the resources. Our crude is going to China and our liquefied natural gas is going to Asia. What can we do with our resources to add value in the midstream and downstream?”
The first project under the initiative will be the construction of a 20,000-barrel per day (bpd) modular oil refinery, which will refine crude from the Zafiro and Aseng fields into gasoline, kerosene and Jet 1, among other petroleum derivatives. The second modular refinery will produce 10,000-20,000 bpd and will be located on the mainland in Kogo next to the country’s regasification and cement plants, to be supplied by the Ceiba and Okume Complex.A third refinery in Kogo is planned to refine the gold being exploited in both the country and the wider Central African region.
The next three projects will be in Malabo, Bata and Kogo for the construction of state-owned and state-mangaged strategic tanks that will be able to refine and store oil, gasoline and liquefied petroleum gas.
The Ministry also aims to construct a methanol-to-gasoline unit to meet domestic consumption, with the possibility of exporting to neighboring countries in the future.
To enable the processing and production of minerals, Equatorial Guinea will be building a urea plant in Kogo, which complements the country’s recently held first mining licensing round, and aims to centralize exploitation of minerals to the region surrounding Kogo.
The final project involves the country’s compressed natural gas (CNG) plant, which includes a bus terminal and gas-powered bus fleet, cooking gas bottling facility and upgraded road infrastructure, and positions Equatorial Guinea as the first country in the region to use CNG for transport. The Ministry aims to implement CNG for the majority of public vehicles and to increase storage of CNG through partnerships with companies such as Total and state-owned GEPetrol.
* SOURCE Africa Oil & Power Conference
Growing African printing and signage industries to benefit from SGI Dubai 2020
November 27, 2019 | 0 Comments
|SGI Dubai will be held at Dubai World Trade Centre from January 12th to 14th 2020|
|DUBAI, United Arab Emirates, November 27, 2019/ — According to International Expo Consults (https://IECDubai.com), the organisers of the SGI Dubai show, the signage and wide format printing industry in the African continent would immensely benefit from the upcoming SGI Dubai 2020 trade show. The show currently in its 23rd consecutive year will be held at the iconic, Dubai World Trade Centre, from January 12th to 14th 2020.|
As per published reports the MENA printing market is set to touch USD54 billion by 2022. Furthermore, the African Development Bank projects the GDP to rise by 4 and 4.1% in the present and next year which provides for an increased spending on advertising and marketing and subsequently printing and signage.
Sharif Rahman, CEO, IEC stated, “Among the growing number of visitors we welcome from across the globe every year, we have been witnessing a growing contingent from the African region year on year. The visitors are particularly from Kenya, Nigeria, South Africa, Sudan, Uganda, Ghana, Namibia, Tanzania, Egypt and Libya among other African nations. The geographical proximity of our show provides an accessible platform for the African business owners to source top of the line machines with the latest technology. Bypassing the middleman, the visitors to the show are able to get the most competitive rates directly from the exhibitors and manufacturers of the top brands”.
SGI Dubai 2020 is a must attend event for African sign-makers, print and production manufacturers, media agencies, mall owners, car wrapping industry, real-estate developers, hospitality and tourism industries, 3D printing industry, architects, brand and image consultants among other stakeholders.
“The show has been an integral part of not just the Middle East, but its influence extends to larger parts of Africa as well. The growing visitor count is a testimony of the show’s success as a result of the benefits we offer the various stakeholders. The event has been utilised as a platform to introduce and launch numerous brands in the region and provides a unique opportunity for visitors to research and make informed business decisions amongst all the leading brands under one roof”.
In addition to the existing digital printing, signage, textile printing, screen printing, retail and LED categories the show will have a renewed focus on digital display, labelling & branding, metal cutting & engraving, spare parts & consumable, artificial intelligence, software and paper sectors.
SGI Dubai 2020 will also include a car wrapping competition – ‘Masters of Wrap 2020’ and seminars and workshops conducted by industry experts under the banner of ‘Knowledge Series 2020’. During the previous edition SGI
Dubai welcomed over 330 global exhibitors from across 30+ countries and registered thousands of trade visitors from around the world.
SGI Dubai is an ideal converging point where visitors and exhibitors can influence and engage with architects, sign makers, print and production manufacturers, media agencies, real-estate developers, brand and image consultants among others.
International Expo-Consults (IEC) (https://IECDubai.com) is an internationally recognized trade show management company with an impressive track record of 27 years of operations in the Middle East and Asia Pacific region. The Exhibition arm of the Dubai-based conglomerate, the Falak Holding; IEC is the organiser of key exhibitions including Sign and Graphics Imaging (SGI Dubai) and the Dubai, Entertainment, Amusement and Leisure (DEAL). Dubai-based conglomerate, Falak Holding has been an industry pioneer for the last 36 years having diversified business interests. Falak Holding is also a key stakeholder and investor in the prestigious Dubai Sports City project. Kindly log on to www.signmiddleeast.com for more information on the show.
Africa to Double Natural Gas Production by 2040, Global Consumption to Double by 2050
November 27, 2019 | 0 Comments
|Africa will contribute as much as 9.2% to global natural gas production by 2040|
|MALABO, Equatorial Guinea, November 27, 2019/ — Natural gas growth prospects were outlined during the 2nd Gas Exporting Countries Forum (GECF) International Gas Seminar on Wednesday; Opening addresses were delivered by H.E. Yury Sentyurin, Secretary General of the GECF; H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea; and H.E. María Coloma Edjang Mbengono, Mayor of Malabo; followed by a ministerial panel discussion; The Seminar aims to facilitate knowledge transfer, foster regional cooperation and create a dialogue on global gas matters among the world’s leading gas producers.|
At the opening of the 2nd International Gas Seminar of the Gas Exporting Countries Forum (GECF) on Wednesday, global natural gas use was slated to double by 2050; replacing more traditional fossil fuels and facilitating an energy transition towards sustainable development.
According to the GECF’s Global Gas Outlook Model, natural gas will be the only hydrocarbon source to increase its share in the global energy mix, remaining the fastest-growing fossil fuel. GECF member countries currently represent 71% of natural gas reserves, 44% of marketed gas production, 55% of pipeline gas trade and 53% of LNG trade globally.
“Our main message is that natural gas is the destination fuel and will play a central role in energy transitions. We continue and will continue to defend the position of the Forum on benchmark prices, stressing that oil indexation is still the optimum choice for buyers and sellers of gas,” H.E. Yury Sentyurin, Secretary General of the GECF, said during the Seminar on Wednesday.
The African continent is set to increase its presence in the global energy sphere, more than doubling its natural gas production by 2040 and altering the global energy supply mix in the process. Africa will contribute as much as 9.2% to global natural gas production by 2040, resulting in an expansion from 255 bcm to more than 505 bcm and corresponding to a compound average annual growth rate of 3.4%.
“Natural gas will continue to be in demand and will help us meet the objectives of sustainable development and the energy transition for our country, for Africa and for the world,” noted H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea. “We are working on the gradual implementation and exploration of various gas fields. All of the work that we are doing is in line with the policies that the international community is asking us to have for fossil fuels. We want to protect the environment and provide for the needs of remote communities in rural Africa.”
Following the keynote addresses, a panel discussion was held on the geopolitical context of natural gas development, focusing on the necessity of infrastructure, cost competitiveness, environmental sustainability and regional integration in capitalizing on global gas reserves.
“Natural gas is growing to become the fuel of choice globally,” stated H.E. Dr. Seyed Mohammed Hossein Adeli, Head of the Iranian Delegation. “The share of gas in the energy mix used to be 18%. Currently, it is 23% and has the prospect to increase to 26% in the next couple of decades. Gas is replacing coal and oil. Coal represents 26% and will be down to 17-18%. Oil is now dominating at 32% and is going to be down to 25-26%. This goes mostly to gas and renewables.”
The 2nd International Gas Seminar is held today as part of the Gas Exporting Countries Forum 5th Gas Summit this week in Malabo. The Seminar is organized by Africa Oil & Power and is part of the Equatorial Guinea Year of Energy.
The African Energy Chamber launches the Top 25 Movers and Shakers to Watch list
November 27, 2019 | 0 Comments
|The Top 25 Movers and Shakers to Watch list forms part of the African Energy Chamber’s African Energy Outlook|
|JOHANNESBURG, South Africa, November 27, 2019/ — United States President Trump’s America First strategy to shape Africa’s energy industry; Barkindos OPEC to bring stability; Nigerian entrepreneurs dominate the African energy landscape; Angola on rebound; Senegal champions gas.|
Document link: http://bit.ly/2ONSA2q
On Wednesday, the African Energy Chamber launched its inaugural Top 25 Movers and Shakers to Watch list.
Providing a window to what key developments and advancements the African energy sector can look forward to in 2020 and beyond, the list profiles key individuals who stand to contribute significantly in shaping the continent’s energy economy.
The list, not confined to actors from the continent, features key industry deal makers and such as Aliko Dangote, Chairman of the Dangote Group which is nearing completion at its 650,000 bpd Lagos-based game-changing refinery; United States President Donald J. Trump whose America-first oil politics are likely to affect global prices and the appetite of American majors to look outside; Ghana’s Kevin Okyere who sits on one of the continent’s most promising assets after his Company Springfield’s West Cape Three Points Block 2 discovery, and many more.
“With this list, we hope to put all key role players to task, we want to challenge them and pose the questions: ‘what’s next? Are you going to deliver on your plans and promises? How will you and your organization contribute to the development of Africa’s oil and gas sector?’,” said NJ Ayuk, Executive Chairman of the African Energy Chamber and author of Amazon best-selling book, Billions at Play: The Future of African Energy and Doing Deals. “This year alone, the continent has seen improved cooperation and investment, large scale discoveries, world-scale projects coming online that make Africa the world’s hottest oil and gas frontier. The next step is to find out how we can maintain this momentum and the people on this list can certainly provide answers. Africans should demand more from them” he added.
The Top 25 Movers and Shakers to Watch list forms part of the African Energy Chamber’s African Energy Outlook which has set out to provide a comprehensive overview of the oil and gas sector across sub-Saharan Africa, focusing on strategic, operational and investment trends in the industry.
“We watch developments in the industry closely and speak to a wide range of stakeholders. What we have noticed, is that a new breed of African oil men and women are playing an ever-greater role in the development of the continent’s resources, including with resources mobilized on the continent. This is a trend we applaud. However, cooperation with international partners who still possess the technology needed to successfully undertake projects is very welcome” said Mickael Vogel, Director of Strategy at the African Energy Chamber.
Awarding Wining Gambia’s Afro-Pop singer Makes History For Highest sold out Concert
November 27, 2019 | 0 Comments
By Bakary Ceesay
Jizzle, multiple awarding wining Gambia’s afro-pop artiste has makes history as he filled the stadium of 30,000 capacities during his Finally album concert on 23rd November, 2019 at Independence stadium.
The Finally concert dubbed as ‘#Fessal #Estade’ meaning fill up the stadium has featured Gambia’s finest artistes and Senegalese finest artistes.
Finally, is Jizzle debut album was released on 9th August, 2019 comprised of of twelve tracks representing the sounds of Afro pop, Afrobeat, and Afro-fuzion with elements of Hip Hop.
In September, 2019 has embarked on a three-week European tour in Sweden, Italy, and Germany to promote finally album. All of his shows display his dynamic stage presence and performance.
The album features a number of West African Artists, Dip Doundou Guiss, Samba, Peuzzi, Bm Jaay, and Hakill from Senegal. Shaydee represents Nigeria and Gee from The Gambia.
It was the most surreal moment for the Gambian music industry, no concert at the stadium from Davido to Chronixx to Movado to even Youssou Ndour has received the type of crowd that Jizzle received on Saturday, November 23rd.
As happiness exuded from him, an emotional Jizzle told the crowd, “This is not my show; this show is for the Gambian music industry. All of us as artists. When one shines, we all shine. There is no competition and we must have love and support for each other. When one of us wins, we all win.”
Jizzle called on Gambians to believe in Gambian music by supporting the local artists to stardom.
He commended his fans for their huge turnout at the stadium. “This is Gambia. We have abundant talent; let’s support them”.
Jizzle also commended his sponsors and the international artists who came all the way from Senegal and Europe to grace the show.
A number of singles have been released from the album accompanied by video like Finally, Joanna, Just In Case. However, it was Turn By Turn that became number one on Apple Top 100 Gambia for five weeks. The album was also number 1 on Apple Music Gambia.
Jizzle has worked very hard and has proven that his craft is ready to compete and shine on the world stage. His entrance on the stage at the Finally Concert was one in a million. Covered in a white cashmere robe, he was dressed in white with a silver face mask; the crowd went into frenzy.
Finally, the album was released three months ago on all digital platforms. Since its release, it has definitely proven to be the hottest album on the streets of the Gambia. There is no car, shop, or community that you go into that is not blasting Jizzle’s album. The country has uplifted him to the highest level and everyone is proud of him.
One of Jizzle’s wonders is that he sings in three major West African languages – Fula, Mandingo and Wolof – and an international language, English, making him a marketable brand, both at home and abroad. His stage presence, energy, and delivery are impeccable.
He has received the highest accolades in the Gambian music industry for his singles and videos. He also did his first European tour over the summer starting with the Selam Festival in Sweden then to other European countries. He will continue to do international shows in December and throughout 2020.
Global Gender Summit 2019: “Put prejudice behind us and give women access to finance,” says Akinwumi Adesina
November 26, 2019 | 0 Comments
African Development Bank President Akinwumi Adesina has called for greater access to finance for African women when he addressed the inaugural session of the Global Gender Summit.
“When women borrow, they always repay. And 90% of them repay their loans without the least problem. So, where is the risk? The problem is prejudice and the banks’ lack of flexibility. We must leave this behind to allow women access to financing,” President Adesina urged.
The session headed “Unlocking women’s access to finance in Africa” had a panel of high-level speakers, including Salimata Diop Dieng, the Senegalese Minister of Women, Family and Gender; Andrew Temu, President of the African Guarantee Fund; Kennedy Uzoka, President and CEO of United Bank of Africa (UBA); Joséphine Anan-Ankomah, CEO of Ecobank Group; and Christine Ngiriye, an entrepreneur.
Salimata Diop Deng said, “It is important that financial institutions support initiatives from women. They have the market gardens and produce to process. They create start-ups in innovative areas. But they lack resources and collateral, and the procedures for accessing loans are complicated. These women have relatively moderate finance needs, just enough to create projects and jobs. They need support from the private sector and the banks to help them weave their way into the economy.”
Andrew Temu advocated “holding discussions with countries to improve the business environment. What is especially needed is legislation that reassures the banks. There are a number of actors, banks, investors, entrepreneurs and clients operating within the economic market. Everyone needs to be in communication to address the risks.”
For Anan-Ankomah, ECOBANK is already making big strides to gender parity. The pan-African bank has signed up to the African Union gender parity principle of 50/50. “Currently we are at 46% and out of that, 30% of those women are in senior management positions,” she said.
Ngiriye said that she had seen little change in nearly 30 years: “The problem that comes up again and again is that of collateral.”
According to Adesina the financial sector had a responsibility to the women of Africa. And he made an announcement: “From now on, we shall be grading every African financial institution for how well it helps women. Every financial ecosystem must evolve to support women. And we are going to put pressure on the guarantee banks.”
The African Development Bank and the government of Rwanda are hosting the Global Gender Summit from 25 to 27 November in Kigali. The Summit is being organised by the Multilateral Development Banks’ (MDBs) Working Group on gender for the first time in Africa.