Senegal to Receive €50m from Africa Finance Corporation to Boost Oil & Gas Industry.

August 11, 2023 reputationpoll

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oil field.

Through this strategic collaboration, AFC will invest €50 million in the oil field to help boost the country’s emerging oil & gas industry and improve energy access and security in Senegal. Located 100 kilometers southwest of the capital, Dakar, the Sangomar oil field spans 7,490 square kilometers and is estimated to hold around 500 million barrels of crude oil.

The Corporation’s investment in the Sangomar oil field will be used to drive the first phase of development towards achieving first oil, a key milestone in the advancement of the country’s hydrocarbons sector. The facility will provide a significant boost to Senegal’s economy, supporting the country’s ambitions to become a regional hub for the oil & gas industry. It will also generate significant revenues for the government through taxes and royalties, create employment opportunities for local workers, and contribute to energy security by reducing dependence on imported oil & gas.

“We are pleased to support the development of the Sangomar field which we expect to have a transformative impact on the Republic of Senegal and its people though the reduction of import reliance, the generation of increased government revenues, the creation of local jobs and an overall contribution to accelerated industrialisation and economic development,” said Mr. Samaila Zubairu, President & CEO of the Africa Finance Corporation.

Since the Republic of Senegal acceded to membership of the Corporation in 2019, AFC has helped to finance several critical sectors of the country’s economy. These include: the 300MW combined-cycle gas power project in Cap des Biches, the country’s largest Independent Power Project (IPP); the construction and rehabilitation of road networks in Senegal through Fonds d’Entretien Routier Autonome (FERA); and the provision of funding to the Ministry of Economy and Finance for projects such as the 128MW Sambangalou Hydro Power Dam in the Kedougou region and the procurement of petroleum products for power generation.

AFC is a major investor in the continent’s largest renewable energy platform through its recent acquisition of Lekela Power in partnership with Infinity Power. The platform operates 1.3 GW of solar and wind power projects in South Africa, Egypt and Senegal, and has a 1.8GW project pipeline at various stages of development.

Africa: Afreximbank and Development Reimagined Support Access of High-End, Sustainable Made-in-Africa Brands to China

August 11, 2023 reputationpoll

CAIRO, Egypt — In continuation of its strategy to assist African businesses in increasing their international presence, the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and international consultants Development Reimagined (DR) have entered into a partnership to promote the entry and sale of high-end sustainable African brands in China.

The partnership which includes a grant from Afreximbank, has seen Africa Reimagined (AR), a flagship programme created and managed by DR, introducing high-end value-added Made-in-Africa goods from such sectors as fashion, skincare and beverages, to China.

The AR team led Africa’s participation at the 2023 China-Africa Economic and Trade Expo (CAETE) in Changsha from 29 June to 2 July, solidifying the partnership’s dedication to fostering China-Africa trade relations and seizing the opportunity to further leverage growth.

The outing achieved several unprecedented milestones, including:

Exhibition of the largest number of luxury African brands to date – from 10 in 2019 to 20, including Maxhosa and Jessica Jane, two unique and luxury South African fashion brands; Taibo Bacar, Nkanda Yetu and Larry Jay, sustainable fashion brands from Mozambique, Zambia and Ghana respectively; Skin Gourmet, a beautifully branded Ghanaian skincare company; Zaaf – a handcrafted luxury bags and leather brand from Ethiopia; Monks Gin, a South African gin company; Yenae – a stunning jewelry brand from Ethiopia; and many more.
Several brands successfully sold out their products and connected with many potential business partnerships to accelerate their entry into the Chinese market. For the first time, the participating fashion brands were invited to showcase in a fashion show and business match-making event. The skincare and beverage brands were invited to a business match-making and promotional event in the Gaoqiao China-Africa Free Trade Zone (FTZ). This led to the brands establishing strong connections with Gaoqiao and displaying their products in the FTZ for future business partnerships;
The brands participated in numerous media interviews with Chinese news agencies, such as CGTN, Mango TV, and China Financial News, in addition to an exclusive interview with the BBC World Service’s Focus on Africa Podcast with Skin Gourmet and DR CEO, Ms. Hannah Ryder. The booth was also visited by dignitaries from Rwanda, Uganda and Senegal.

Mr. Yusuf Daya, Director, AU/AfCFTA Relations and Trade Policy, Afreximbank, commented;

“We are encouraged about our partnership with Development Reimagined, aimed at enabling access of African brands to global markets. The vast Chinese consumer market provides immense opportunities for African businesses. We urge African entrepreneurs to embrace this challenge, crafting goods that resonate with the market, not only boosting the presence of African products in China but also fostering more jobs, collaborations, and economic growth. Alongside our partners, we will continue forging global partnerships that support African trade.”

The Afreximbank-DR partnership marks a significant milestone in promoting trade and economic cooperation between Africa and China, said Ms. Hannah Ryder, CEO, DR.

Noting that the Chinese consumer market, valued at US$6.3 trillion, was projected to experience substantial growth), DR reported that African exports to China amounted to US$117.5 billion in 2022, a remarkable 24-fold increase compared to 2000.

The collaboration with Afreximbank is expected to include follow-up activities over the next six months to cement the sales and partnerships made at CAETE, testifying to the unwavering commitment of Afreximbank and DR to driving sustainable economic development in Africa through scaled up and improved exports of Made-in-Africa products to China. By leveraging their respective networks, market insights, and financial capabilities, the partnership will facilitate accelerated and value-for-money entry into the Chinese market for African brands, thereby supporting the growth of African economies, contributing to job creation and fostering community development.

Angola Oil & Gas 2023 Officially Launches in Luanda

July 27, 2023 reputationpoll

LUANDA, Angola, July 26, 2023/ — The Angola Oil & Gas (AOG) conference and exhibition was officially launched in Luanda by event organizer Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/) alongside the Ministry of Mineral Resources, Oil and Gas and partners including the National Oil, Gas and Biofuels Agency (ANPG); the Oil Derivatives Regulatory Institute (IRDP); and national oil company Sonangol.

The event was attended by key stakeholders from across the public and private sectors as well as media, and served to kickstart official preparations for the highly-anticipated 2023 edition of the conference.

AOG 2023 partners include the African Energy Chamber (https://EnergyChamber.org/), the Association of Angola Petroleum Service Companies; Rystad Energy; Ethiopian Airlines; UK-Angola Connect; Centurion Law Group; LELLO International; and Cunha Vaz and Association.

Representing the official oil and gas platform for the Angolan energy sector, AOG 2023 will take place under the theme, ‘Energy Security, Decarbonization and Sustainable Development,’ with regional petroleum ministers, global investors and project developers, and both public and private sector firms convening in Luanda from September 13-14 to discuss the most pressing matters in the country’s oil and gas industry, forging a future built on the sustainable development of oil and gas.

AOG 2023 serves to build on the success of the previous three editions to drive new investment flows into the growing Angolan economy. The event features panel discussions, investor summits and market-focused presentations covering the entire oil and gas sector and its value chain, and falls in line with national efforts to position the country as a regional petroleum hub.

“This year, we anticipate AOG 2023 to grow exponentially, with more than 40 countries participating. AOG represents an excellent opportunity for investors to learn more about the potential of Angola’s oil and gas sector, and the government policies and regulations that affect it,” states Sergio Pugliese, President, African Energy Chamber: Angola chapter.

Dedicated upstream panels will explore progress being made by E&P companies in high-potential basins including Kwanza, Namibe and Lower Congo. Updates will be provided by companies to the likes of TotalEnergies, Afentra – who recently made two major acquisitions in Block 3/05 and 3/05A -, Azule Energy, ENI and many more. On the eve of a new licensing round set to be launched, the ANPG will showcase the investment opportunities and upstream competitive of Angola’s offshore market.

Downstream, Angola’s focus on regional connectivity and refining will see discussions center on intra-African trade, infrastructure progress and industrialization, with a suite of downstream players spearheading dialogue around Angola’s future as a regional processing hub.

On the gas front, AOG 2023 will comprise dedicated natural gas sessions with speakers exploring the role gas will continue to play in driving sustainable economic growth in Africa. Projects such as the Angola Liquefied Natural Gas facility, the Quiluma/Maboqueiro gas fields, the Cameia-Golfinho developments and others will be showcased while high-level speakers detail the country’s efforts to bolster gas monetization and energy security through gas-to-power.

In line with national renewable energy targets, AOG 2023 serves as a platform for green energy stakeholders to sign deals and kickstart new developments across the solar, wind and green hydrogen space. Updates on projects such as the Quilemba solar station, the 960 MW Cambambe I and 700 MW Cambambe II facilities and the Lauca hydroelectric power plant will be provided while new developments kick off.

AOG 2023 serves as the premier gathering for the Angolan oil and gas sector. Taking place from September 13-14 in Luanda, regional and global stakeholders will convene in Luanda under the theme, ‘Energy Security, Decarbonization and Sustainable Development.’ Visit www.AngolaOilAndGas.com for more information.

Gege Wu-Shi: Entrepreneur, Miss Multiverse China 2023, and Founder of G-Gem.

July 23, 2023 reputationpoll

Munich -Gege Wu-Shi has been chosen to represent China at the 11th world finals of
Miss Multiverse 2023 at the Hard Rock Hotel & Casino Punta Cana Dominican Republic the last week of October and the first week of November 2023. Here she will be challenged on her merits, skills, and
character among 20 international contestants. The winner of this personality contest and reality show will
obtain the coveted title of Miss Multiverse 2023. The contest's slogan is “Achievement Beyond Beauty”
Who is Gege Wu-Shi, is an exceptional entrepreneur and jewelry enthusiast, has launched her own
jewelry brand, G-Gem, which embodies a fusion of spiritual energy and modern minimalistic design.
Gege Wu-Shi's entrepreneurial journey began with her inspiration from the imperial Manchu era during
her youth. Today, she is known as an entrepreneur, Miss Multiverse China 2023, a Girl-boss, and a
passionate lover of jewelry. Gege Wu-Shi is driven by her creative and spiritual soul, which is deeply
inspired by her experiences in various metropolises around the world.
After completing her studies at UIBE in Beijing and participating in exchange programs at prestigious
institutions such as Columbia University, Hong Kong, and Lappeenranta, Gege Wu-Shi obtained her
master's degree in Germany. She gained valuable experience in executive roles at multinational
companies during her time in Beijing, Hong Kong, New York City, and Munich. However, her ultimate
dream was to establish her own jewelry brand, G-Gem, to reflect the uniqueness and diversity of the
modern woman.
G-Gem is a jewelry company that represents quality, craftsmanship, and unique designs. Gege Wu-Shi's
vision was to spread the spiritual power of natural crystals and draw inspiration from the energy of
dragons, combining it with modern minimalistic design. With this concept in mind, G-Gem has launched
three initial collections: 1S, 2S, and 3S collections, each with special engraving numbers 555 and 888,
symbolizing positive meanings.
The 1S (Signature / Soul) Collection is an exquisite line crafted in 14k rose gold, inspired by the majestic
dragon. Each piece in this collection represents a unique quality associated with the dragon, such as the
Dragon Head for success, the Dragon Heart for love, the Dragon Tail for health, the Dragon Skin for luck,
and the Dragon Feet for beauty. The Dragon Collection stands as the pinnacle of G-Gem's offerings.
Crafted with meticulous attention to detail, this collection is available in 888 variations. It symbolizes
power, success, love, sexuality, health, spirituality, luck, beauty, and wisdom, incorporating an array of
stones like Emerald, Tourmaline, Citrine, Ruby, Garnet, Amethyst, Turquoise, Jade, Sapphire, Diamond,
and more.
The 2S (Special + Spiritual) Collection represents a fusion of special qualities and spirituality. It features
stones symbolizing power, love, health, luck, and beauty. The collection includes Tourmaline and Citrine
as Power stones, Ruby and Garnet as Love stones, Amethyst and Peridot as Health stones, and Topaz and
Jade as Luck stones. Beauty stones include Sapphire and Moissanite. This collection is available in 555
variations.

The 3S (Success + Sexuality + Spiritual) Collection is G-Gem's daily line, crafted with meticulous
attention to detail. It embodies the essence of success, sexuality, and spirituality. Each stone in the
collection holds its own meaning and purpose, such as Citrine, Rhodonite, and Topaz representing

Success Power Stones, Garnet and Rose Quartz for Sexuality Love Stones, and Amethyst and Peridot for
Spiritual Health Stones. To fully experience the power of the 3S Collection, all three elements must be
combined and worn together. This collection is also available in 555 variations.
The numbers 555 and 888, engraved on G-Gem jewelry pieces, hold significant meanings. 555 represents
positive changes on the horizon, while 888 symbolizes prosperity, abundance, and spirituality. These
numbers add an extra layer of symbolism to the G-Gem brand.
Gege Wu-Shi's entrepreneurial journey and her participation in Miss Multiverse China 2023 exemplify
her determination and drive to inspire others. Through G-Gem, she continues to push boundaries and
celebrate the beauty and strength of women in all aspects of life.
For more information about G-Gem and Gege Wu-Shi, please visit the official website at www.g-
gem.com.
For more information on Miss Multiverse:
Press Contact: Liinda Grandia CEO
Website: www.missmultiverse.com
Instagram: @missmultiverse
Twitter: @missmultiverse
Phone: +31638056135

A Model for Africa: Côte d’Ivoire Health Ministry Announces New Initiative to Become Self-Sufficient in Paediatric Cardiology Surgery

July 8, 2023 reputationpoll

he Mitrelli Group (https://Mitrelli.com/), the Menomadin Foundation (https://MenomadinFoundation.com/), Save a Child’s Heart (https://SaveaChildsHeart.org/), and the Côte d’Ivoire Health Ministry, this week announced an innovative local-capacity-building initiative in Côte d’Ivoire to establish the country’s local capabilities in the field of life-saving paediatric cardiac surgery, and enable the country to become a model for self-sufficiency in this field in the continent.

The initiative is rooted in the “UN’s Sustainable Development Goal to promote Good Health and Well Being”.

Approximately 1 in every 100 babies born in the world suffers from congenital heart disease (CHD), which are structural heart anomalies that occur during pregnancy when the heart or major blood vessels fail to develop properly. CHD is the most common type of birth defect, but with advanced medical care and treatment, the chances of infants and children fully recovering from CHD and living normal adult lives are better than ever. However, in countries where the necessary treatments are unavailable, CHD is the leading cause of mortality in the first year of life.

According to the WHO (https://apo-opa.info/3O1Ps2F), 2,700 out of 300,000 births registered each year in Côte d’Ivoire, suffer from congenital heart disease. However, the screening rate for these congenital heart diseases is very low (11%).

The goal of the new initiative is to build a national effort to diagnose and treat many more children, while jointly establishing Côte d’Ivoire’s paediatric cardiac surgery health-independence with advanced medical knowledge and resources.

As part of this new partnership, projected to last for 5 years, the Institut de Cardiologie d’Abidjan’s medical staff will undergo advanced training in various heart-related procedures from French and Israeli cardiology teams, enhancing their existing professional capabilities. Delegations of surgeons will travel throughout the year to Côte d’Ivoire, to perform operations on young patients, and provide training for local medical teams. In addition, medical teams from Côte d’Ivoire will benefit from state-of-the-art training in Israel in different fields of paediatric cardiac care.

The project will serve Côte d’Ivoire as a model and a reference point for paediatric cardiac surgery in Africa – not only reducing mortality rates but also improving quality of life for children. Meanwhile, the most serious and urgent cases will be transferred for immediate care in Israel.

The announcement of the initiative was made at a special meeting at the Côte d’Ivoire Ministry of Health and included the participation of nine children with heart deficiencies, ranging between the ages of 1 to 13 years old, who are traveling to Israel in the coming days to undergo life-saving heart procedures at the Sylvan Adams Children’s Hospital through Save a Child’s Heart.

In 2020, during the early stages of the project, the foundation, “Children of Africa” under the patronage of First Lady Mrs. Dominique Ouattara, Mitrelli Group, Menomadin Foundation and the NGO “Save a Child’s Heart”, worked together to facilitate successful surgeries in Israel for five children suffering from cardiologic conditions.

Minister of Health of Cote d’Ivoire Mr. Pierre Dimba spoke on the importance of health independence as a strategy of the government. “Patients with heart defects require not only surgery but also post-treatment. Sending children abroad for surgery is a blessing but not a long-term solution. Achieving health-independence in the field of paediatric cardiological care especially, is a national strategic priority, and this project is the first step on the road to that vital goal. Our vision is to stop outsourcing our healthcare, and instead begin to export our own capabilities to help others.”

He added, “We are extremely pleased with the cooperation with our partners and the treatments of our children at the Sylvan Adams Children’s Hospital through Save a Child’s Heart and we are looking forward to establishing this extremely important and strategic health model for our country and happy to see it serve as a model cross-Africa.”

Haim Taib, Founder and President of Mitrelli Group and Menomadin Foundation and President of Save a Child’s Heart Africa said: “This is an incredible opportunity to make a difference in the wellbeing of children and their future through upgrading local capacities and creating sustainable solutions. If 1% of children in the country need heart surgery, philanthropic activity, however blessed, is just a drop in the ocean. In order to create a significant, sustainable and long-term impact, the government must be involved, because only the government has the power to create a long-term solution. This is the Mitrelli model – to build long term sustainable development solutions in cooperation with our local partners in health, agriculture, education, and more, to create real impact. Together with Menomadin’s ability to provide solutions based on national roadmaps and impact management, I am sure that Cote d’Ivoire will be a model for additional countries. We are extremely encouraged by Cote d’Ivoire leadership – the president and health minister – and their commitment to building a self-sufficient model to treat children, and proud to be working with such special partners.”

Eva Peled, Mitrelli’s Partner in Côte d’Ivoire stated: “We have been working with the government of Côte d’Ivoire and its ministry of health for several years. We discovered a wonderful country with many hidden gems, among which is the Abidjan Institute of Cardiology (ICA). The ambitious vision of His Excellency Alassane Ouattara, President of Côte d’Ivoire, has made the health sector a priority for the nation’s citizens. Under the leadership of Prime Minister Patrick Achi and the guidance of the Minister of Health Pierre Dimba, we are honored and proud to join forces in this humane initiative, which reflects our shared beliefs and values. We believe that Côte d’Ivoire will not only become a point of reference for cardiac surgeries, but for many other sectors in Africa.”

Professor Mohamed Ly, cardiac surgeon, and President of the AFCOA, added: “This extraordinary partnership signifies a monumental step towards providing essential surgical care and empowering local teams, ensuring a brighter future for children who currently lack access to these critical services.”

Simon Fisher, Executive Director of Save a Child’s Heart: “We are very grateful to the Mitrelli Group and the Menomadin Foundation for their partnership and for initiating the expansion to Cote d’Ivoire of Save a Child’s Heart activities.

The arrival of the group of nine children in Israel for lifesaving treatment at the Sylvan Adams Children’s Hospital is a major step in the implementation of this strategic initiative in partnership with the Côte d’Ivoire Health Ministry and the Institut de Cardiologie d’Abidjan. This group of children, and future groups to be treated in Israel, will complement the capacity building efforts in Côte d’Ivoire led by the Association Française du Coeur pour l’Afrique de l’Ouest (AFCAO) and the Centre Hospitalier Universitaire (CHU) de Nantes from France turning this initiative into an truly international project that will lead to Côte d’Ivoire to becoming self-sustainable in Paediatric Cardiac Care and a Regional leader in the field.”

Distributed by APO Group on behalf of Mitrelli Group.

For more information, please visit:
www.Mitrelli.com
www.MenomadinFoundation.com
https://SaveaChildsHeart.org/
https://apo-opa.info/44vgDZ9

About Mitrelli Group:
The Mitrelli Group (http://www.Mitrelli.com/) is a Swiss international and multicultural group with around 2,500 employees and a presence in Switzerland, Israel, Cyprus, Portugal, The Netherlands, Angola, Senegal, Cote d’Ivoire and Mozambique.

The Group upholds the universal values of mutual respect, solidarity and excellence. It has implemented dozens of projects, leading innovation in education, health, food security, technology, water and energy, and is committed to a meaningful and sustainable impact on the lives of individuals, families, communities and countries.

For the past 10 years, Mitrelli has dedicated itself to establishing national, economic and social projects in African countries, to benefit local populations, improving their quality of life. Over the years, the Group has developed and delivered innovative, sustainable solutions to millions of citizens, in line with the United Nations’ Sustainable Development Goals (SDGs), and has impacted the lives of millions of citizens on the continent.

About Menomadin Foundation:
The Menomadin Foundation (https://MenomadinFoundation.com/) operates in Israel and in Africa, advancing social ventures and Impact Investments, that aim to further the UN Sustainable Development Goals (the UN SDGs).

The Foundation is working to achieve social goals focusing on three lines of operation: Strategic Philanthropy endeavors in Israel, aiming to strengthen Israel’s social resilience, and in Africa – advancing unprivileged communities; Impact Investments in start-up companies who develop Impact-driven products and technologies in the fields of Agro-tech, health, water, energy and education; and Cross-Sector Partnerships involving local and national Governments, NGOs and the business sector, all committed to the realization of common social goals.

About Save a Child’s Heart:
Save a Child’s Heart (https://SaveaChildsHeart.org/) is an Israeli humanitarian organization, working internationally to save the lives of children from countries where access to pediatric cardiac care is limited or nonexistent. Founded at the Wolfson Medical Center in 1995 and operating today at the Sylvan Adams Children’s Hospital, Save a Child’s Heart has saved the lives of more than 6,500 children from 69 countries around the world and has brought more than 150 local healthcare professionals to Israel for training so they can treat their own children independently and create centers of excellence in their home countries.

Save a Child’s heart believe that every child deserves the best medical care, regardless of race, religion, gender, nationality or financial status.

SOURCE
Mitrelli Group

Mozambique: African Development Bank adopts new Country Strategy Paper covering 2023-2028

July 3, 2023 reputationpoll

ABIDJAN, Ivory Coast. The Board of Directors of the African Development Bank Group (www.AfDB.org) has endorsed the Bank’s 2023-2028 Country Strategy Paper for Mozambique on 13 June 2023. The new strategy aims to promote the country’s structural transformation by improving fiscal stability, creating decent jobs and generating inclusive growth.

The strategy has two priority areas: fostering improved economic governance and the business environment to facilitate private sector investment and mobilize resources and transforming agricultural value chains by strengthening infrastructure sustainably.

This strategy is the culmination of efforts by the government, development partners, civil society, the private sector and technical experts on the country’s most critical economic reforms to implement in the coming years.

The African Development Bank is working to support the Mozambican Government in consolidating the results of previous and ongoing reforms in economic governance and the business environment. The government is also adopting new regulations and bolstering various administrative processes to improve the country’s fiscal position and stimulate private sector inflows.

“The African Development Bank has been a critical partner in financing the development of our economy. With this new strategy, the Government of Mozambique reaffirms its commitment to work towards strengthening our cooperation considering the objectives we jointly defined for Mozambique,” said Minister of Economy and Finance Max Tonela.

Cesar Augusto Mba Abogo, African Development Bank Country Manager, said, “The approved strategy effectively addresses the challenges and opportunities for fostering inclusive and sustainable economic growth in Mozambique. The extensive consultations conducted with stakeholders, including the private sector, development partners, and civil society, have been commendable. Furthermore, the remarkable co-leadership exhibited by the Government of Mozambique throughout the process has been instrumental in shaping the strategy.”

Implementation of the strategy is expected to lead to (i) greater private sector involvement to boost international trade; (ii) improved investment flows, and (iii) job creation—especially for women and young people. This is expected to have a knock-on effect of raising foreign direct investment to 30% of GDP from 22.7%.

With support from the Bank, Mozambique will stimulate the green economy and transform agriculture to increase the number of competitive industries capable of creating jobs and reducing poverty and inequality. The Bank’s engagement will also help improve livelihoods through investments in the agricultural sector based on a holistic, cross-sectoral approach and the development and modernization of Mozambique’s energy system.

The 2023-2028 Country Strategy Paper for Mozambique envisages establishment of a productive special agro-industrial processing zone by 2028 through the creation of 50 new companies and 200 new cooperatives or groups of external producers. It also projects that new investments will total $100 million. Mozambique’s electricity exports to southern Africa are expected to equal over five gigawatt-hours.

As of 28 February 2023, the African Development Bank Group’s active portfolio in Mozambique comprised 38 operations with a total commitment of $1.21 billion.

Africa: Invest in the Republic of Congo Energies at African Energy Week (AEW) 2023 to Showcase Oil, Gas and Renewable Opportunities.

July 3, 2023 reputationpoll

The African Energy Chamber (AEC) (http://www.EnergyChamber.org) – the voice of the African energy sector – is proud to announce that an Invest in the Republic of Congo Energies forum will take place during this year’s edition of the African Energy Week (AEW) conference and exhibition – Africa’s premier event for the energy sector, scheduled for 16 – 20 October in Cape Town.

Taking place under the AEW 2023 umbrella theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets’, the Invest in the Republic of Congo Energies country spotlight will unite the central African country’s energy policymakers and companies with global investors to discuss pressing industry challenges while showcasing and optimizing energy transition opportunities.

With the Congo seeking to maximize the development and exploitation of its 1,811 million barrels of proven oil and 284 billion cubic meters of gas reserves to drive gross domestic product growth and energy security both at local and regional levels, the country’s upstream, midstream and downstream development sectors are witnessing growing opportunities for project developers and investors alike. Already, a strong slate of regional and global energy companies is capitalizing on the opportunities the market presents. Global energy service provider Technip Energies inked a deal with the Ministry of Hydrocarbons to expand offshore field cooperation while energy services firm Expro signed a contract with Eni for the development of a liquefied natural gas (LNG) pre-treatment plant this year. Additionally, with the aim of increasing exports to Europe from one billion cubic meters per annum in 2023 to 4.5 billion cubic meters from 2025, E&P companies Eni and New Fortress Energy are bolstering production. Eni inaugurated the three-million-ton-per-annum Congo LNG project this year, having partnered with New Fortress for the development in 2022.

However, while the country currently represents one of Africa’s top four producers, the Congo is looking at securing new investment in gas with the aim of maximizing reserves across both marginal and large-scale plays. Notwithstanding efforts to increase exports, the government is committed to leveraging domestic gas for power generation as part of the Gas Master Plan – a framework to promote the utilization of up to 10 trillion cubic feet of gas reserves by attracting foreign investment. In this scenario, a wave of opportunities has opened up across the market, and the government is inviting investors and developers in the gas-to-power, storage, LNG and liquefied petroleum gas spaces to join the highly promising market.

“The Chamber is proud to host a strong delegation of Congolese decision-makers and energy companies during the Invest in the Republic of Congo Energies country spotlight at AEW 2023, where conversations will showcase natural gas production and commercialization prospects within the country’s hydrocarbon-rich basins. The Congo is making a strong play for investment and the country spotlight serves as a pivotal platform for projects to be showcased, opportunities promoted and new deals to be made on the back of collaboration and insight,” stated NJ Ayuk, the Executive Chairman of the AEC.

However, the country’s opportunities transcend natural gas, with significant oil reserves coupled with a favorable fiscal environment promising high returns on investment. The country offers solid production experience as an OPEC member and boasts a wide range of energy majors in its market. These include Perenco, which brought four wells onstream at the Boatou development this year and has recently acquired Eni’s Congolese oil assets in a $300 million deal. The participation of global major Chevron and energy service providers Halliburton and Baker Hughes are also a testament to the market’s potential and size.

Further to positioning the country among the world’s top producers and exporters, the Republic of Congo’s ongoing revitalization of oil fiscal terms and drilling campaigns in the Lianzi Unitization Zone and in the Nkossa, Nsoko and Moho Bilondo areas have enabled the country to attract new investments, make huge discoveries and kickstart new production lines to drive energy security and socioeconomic developments. In this regard, the Invest in The Republic of Congo Energies forum at AEW 2023 will serve to help Congo seal new oil investment deals.

In regard to opportunities within the renewable energy space, the establishment of the Oyo Centre of Excellence for Renewable Energy and Energy Efficiency is a testament to the country’s commitment to diversify the economy, maximize energy transition opportunities and boost consumer access to clean cooking solutions and reliable energy. The AEW 2023 country spotlight, through technical presentations and exclusive networking, will unite Congolese energy stakeholders with global renewables investors to forge partnerships and sign industry-changing deals.

AEW 2023 is the AEC’s annual event driving the African energy renaissance through uniting local and regional energy stakeholders with global investors to discuss the future of African energy. For more information about AEW 2023, visit https://AECWeek.com/

Distributed by APO Group on behalf of African Energy Chamber.

British School of Fashion launches expert advisory board.

July 2, 2023 reputationpoll

The British School of Fashion has appointed an illustrious advisory board of global fashion experts to help guide new talent entering the industry.

Chaired by Dr Tessa Hartmann CBE, The British School of Fashion Advisory Board will play a vital role in informing Glasgow Caledonian University’s distinctive portfolio of fashion business and luxury programmes, which focus on the ‘Buy Less, Buy Better’ philosophy.

The board will also work to identify life-changing opportunities for students helping to develop a workforce for a more sustainable and ethical fashion industry.

Dr Hartmann, Honorary President of the British School of Fashion, will be joined by 10 industry leaders, including Jane Shepherdson, Chair of My Wardrobe HQ; the renowned photographer and director Rankin; Stephen Clark, Global Senior Director Product & Merchandising, Jordan/Nike Inc; and Mark Hogarth, Creative Director, Harris Tweed Hebrides.

Anthony Burns, Chief Operating Officer of ACS Clothing; Brian Duffy, chief executive of the Watches of Switzerland Group; Jonathan Chippindale, Co-Founder of Holition; Maggie Smart, Partner, Folk and Operations / Commercial at Sounder Golf; Sandra Mertens-Lustig, Chief Brand and Product Officer, Pangaia; and Yvie Hutton, Director of Designer Relations and Membership at the British Fashion Council, will also bring their expertise to the board.

Dr Hartmann, speaking at the launch of the British School of Fashion Advisory Board in Glasgow, said: “Together we want to widen access and ensure we have a diverse and inclusive talent pipeline from all backgrounds.

“We want to empower our students with the skills, networks and confidence to help drive a positive shift in our relationship with clothes, creating a fashion industry for the Common Good.”

Tim Jackson, Director of the British School of Fashion, said: “Our fashion students are hungry to learn. They already have access to the best teachers but now they will also benefit from an Advisory Board of experts operating at the cutting edge of practice.

“The board members bring together expertise in Augmented Reality, digital and immersive retail, rental and resale, sustainable and ethical manufacturing and brand management, along with considerable brand owner management experience.”

Poll puts Gento in lead over incumbent Aki-Sawyer.

June 12, 2023 reputationpoll

Freetown: With the Freetown Mayoral Elections only a few weeks away, a new poll shows Gento Mohammed Kamara is keeping his lead over counterpart Yvonne Aki-Sawyer amidst weeks of political campaigns.

In a recent survey by international independent body, Reputation Poll International (RPI), 53% of respondents said they would vote for Gento and 44% would vote his counterpart, Yvonne. However, 3% were undecided.

The urban area Poll revealed that Gento Kamara, who is candidate for Sierra Leone People’s Party (SLPP) is ahead of All People’s Congress’ (APC) Aki-Sawyer, who despite incumbency falls behind in the survey.

Should the results of the poll by RPI reflect ballot outcome in forthcoming June elections, a victory by Gento would leave a remarkable mark in history with the APC having won in the last 3 elections.

Besides that, since Siaka Stevens was mayor in 1966, the city has always been led by a member of her ethnic group, the Krios – who are mainly from within and around western area.

In accordance with an order handed down to all Mayors and Chairpersons of Local Councils by the minister of local government to vacate office on 1st March 2023, rather than the legally stipulated date of 25th April 2023, Aki-Sawyer handed over Mayoral chains in order to prepare her run for reelection.

Speaking about her chances of winning the forthcoming Mayoral election in Freetown, based on her five-year record of serving the people of the City, she said: “Providing access to water in communities was a priority for my first term during which we provided over 150 water points (i.e. water tanks, street taps or boreholes) across the city. An additional 65 water kiosks will be constructed in the coming months”.

“Significant achievements were made across the 11 priority sectors in spite of the considerable internal and external challenges faced during my administration” she said during an announcement for reelection.

When Yvonne Aki-Sawyer was elected mayor of Sierra Leone’s capital Freetown in 2018, many saw the bright and brazen British-educated figure as a rising political star. But as Aki-Sawyerr’s first term drew to an end, much of her agenda has been thwarted by rows and legal battles.

“My biggest shock has been to see programs, interventions, initiatives held back because of a perception that I am a political opponent as opposed to collaborator in development,” Aki-Sawyerr, 55, told AFP from the newly-built skyscraper she worked in – a donation from the South Korean government.

Whilst Gento’s philanthropy and empowerment efforts has significantly sent winds of goodwill through his sails for a Mayoral debut effort, Aki-Sawyer’s incumbency may, along with its advantage also be her biggest challenge.

Her very controversial time in office is, amongst other issues, marked by her inability to connect with the grassroots in the city – especially members of the Temne, Limba ethnic group who have been the principal support base for her party. This was escalated with the very public falling out with her Temne Deputy.

An independent committee set up to investigate the fall out last year slammed her for violating Council policies and not following due process.

She fired up the already lit situation with her recent move to name a member of her own ethnic group and elite community – the west end Freetown based lawyer Kwaku Lisk as her running mate shocked many.

The move is seen to have violated an unspoken rule in Sierra Leone, and especially Freetown politics- that if the top of a ticket is of one ethnic group and religion, the running mate must be chosen from another ethnic group and religion.

This is where she has provided a significant opening for her rather popular business man and philanthropist opponent, Mohamed Gento Kamara. Gento is well known for his major construction projects and his everyday empowerment and rags to riches persona.

Born and raised in the east of the city, his upbringing could not be more diffeent from Yvonne. Gento, who grew up attending public and usually crowded schools and is seen by many as one whose success story is incomplete without the part of his struggle to make it in life.

Notably, he comes from the majority Limba Temne ethnic groups in the city – who are traditionally the base of his counterpart, Yvonne’s party. Gento appears to be fast turning the tide as he recently got the endorsement of all 16 Tribal Heads of the non-krio ethnic groups in the city.

Consequently, he’s running on a platform to fix the basic problems of the city- starting from water, sanitation and providing public spaces and services for all. He insists Yvonne has divided the city with her choice of a running mate and that he would unite the city and make sure the everyday person is represented in the city hall.

In what was lauded as a smart move by observers, he chose a renowned krio and Christian clergy, Rev Babatunde Thomas as his Running mate and they have been traversing the city together.

Gento admits he’s trying to bridge a gap and that he’s the underdog in the race, and as a businessman who has taken on impossible projects and won many times, he is confident he has the formula to topple the APC hegemony of the city and create a new coalition to fix Freetown’s city hall.

Gento’s soft appeal may have also been with some challenges too. Earlier in March this year, he faced backlash for allegedly appealing to religious sentiment for votes in a Freetown mosque and preaching divisiveness.

Meanwhile, the fading away of political strongholds of the two major political parties, the SLPP and the APC, is becoming much pronounced as the two are gaining footholds in areas in which they were exclusively not previously welcomed.

The same situation obtains for the contest of the Mayoral Seat for the Freetown City Council (FCC), a seat once considered to be the main preserve for the creoles but now, in recent times, indigenes belonging to other ethnic groups have begun contesting for the same position.

Afreximbank wins two top prizes at African Banker Awards 2023.

May 26, 2023 reputationpoll

The organisers of the awards, held on the sidelines of the Annual Meetings of the African Development Bank, said that the awards to Afreximbank were in recognition of the Bank’s growing leadership within Africa’s financial services sector.

They said that the African Bank of The Year award was going to Afreximbank for being the bank in Africa that had demonstrated a high performance across various metrics and had “considerably changed the banking landscape by reaching out to new customers, offering new services, adopting inclusiveness by bringing the unbanked into the banking space, making use of new technologies, and helping to drive growth through a stronger financial sector”.

They added that Afreximbank was picked for the DFI of the Year award because it was the development financial institution which had demonstrated a high performance across various metrics, both qualitative and quantitative, and had supported clients and projects and delivered high impact during “these unprecedented times”. It had also considerably changed the development finance landscape by investing in impact-led projects and contributed to the sustainable economic development of the continent.

By winning the African Bank of the Year and DFI of the Year awards, Afreximbank became the sole institution to win more than one award during the ceremony. A total of 20 awards were given out at the ceremony.

The African Banker Awards is organised by African Banker magazine to celebrate the achievements of individuals and institutions that have contributed significantly to the growth and development of Africa’s banking sector over the preceding.