Startist’s Post

Missed the interview?   Explore how Europe is increasingly turning to African natural gas suppliers, with Germany, Italy, France, and Poland seeking strategic gas deals amid challenges with traditional sources. Our Executive Chairman, NJ Ayuk JD, MBA. highlights key African players such as #Nigeria, #Algeria, #EquatorialGuinea, and #Egypt, and mentions emerging contributors like Mozambique, Uganda, Tanzania, Senegal, #Mauritania, and #CongoBrazzaville in a BBC News interview on the Focus on Africa segment.   Despite obstacles, Africa's energy potential is demonstrated by projects like Senegal/Mauritania's gas boom, Tanzania's $40 billion initiative, and Mozambique's $20 billion project, which holds the third-largest reserves in the world. Mr. Ayuk highlights the importance of bilateral agreements, using Germany's negotiations with Nigeria as an example. In order to achieve a sustainable energy transition, he calls on African countries to embrace both natural gas and alternative sources of energy.   Mr. Ayuk promotes Germany's dedication to advancing infrastructure for the integration of natural gas and renewables. He emphasizes the crucial contribution of revenue from gas agreements in realizing climate goals and promoting industrialization in Africa. This interview offers a thorough examination of the complex dynamics surrounding natural gas between African nations and Europe, taking into account economic, environmental, and geopolitical factors.   For a more detailed analysis of the African gas markets, download our recently launched African Energy Outlook 2024 now: https://lnkd.in/dNk6HRxr    🌐🔗 #LNG #NaturalGas #Africa #Outlook #AEW2024v

⚡About 600 million people in #Africa still lack access to electricity. The International Energy Agency (IEA) Africa Energy Outlook 2022 shows that in order to achieve universal access by 2030, 90 million people a year need to be connected - triple the rate of recent years. 📈 Data from Carnegie Endowment for International Peace shows that finance is available to address Africa’s annual energy financing gap, but this funding is unevenly distributed, with 10 African countries receiving 77% of energy finance between 2012-2021 (#Egypt 🇪🇬 #Mozambique 🇲🇿 #Nigeria 🇳🇬 #SouthAfrica 🇿🇦 #Angola 🇦🇴 #Morocco 🇲🇦 #Ghana 🇬🇭 #Uganda 🇺🇬 #Kenya 🇰🇪 and #Ethiopia 🇪🇹) - leaving only 23% of finance for Africa’s remaining 44 countries. 💰 The role of development finance institutions and African regional banks and investors, such as the African Development Bank Group, the African Export-Import Bank (Afreximbank), the Africa Finance Corporation, and Africa50 Infrastructure Investment Platform, is especially important. These institutions have a crucial role to play in ensuring financing is subject to the energy goals of African countries, and that electrification projects are de-risked for private investors. For their part, African governments must create the right enabling environment, ensuring stable regulation and financially reliable utilities.  🤝 All stakeholders – public and private, domestic and international – will need to play their part in attracting and deploying energy finance to all parts of the continent. 💡 In an insightful conversation on the #VoicesOfAfrica podcast, Africa Practice CEO  marcus courage and Programme Officer at IEA Rita Madeira discuss what it will take for the continent to achieve universal access to modern energy. 🎙️ Listen to their conversation 👉 https://bit.ly/47uxUUj Access the full IEA report : https://bit.ly/47Nc2Ty #AfricaEnergy #EnergyInvestment #RenewableEnergy #SustainableDevelopment Cc Grant Davis, Andrew Takawira, Jessica Omukuti, Elie Aloko, Nimrod Zalk, Charlotte Phatsimo Rahman (nee Ellis), Robo Igbu, Kaleo Nakazwe, Vere Shaba, Bogolo Joy Kenewendo

🚀 Seizing Multi-Billion Dollar Opportunities in Cross-Border Cooperation for Oil and Natural Gas Projects in Southern Africa 🌍💰 👑 Amidst the evolving global energy landscape, Africa emerges as a beacon of opportunity, boasting abundant natural gas reserves ripe for development. According to Standard Bank's strategic discussion document “South African Gas Optinality”, Africa holds over 7% of the world's proven natural gas reserves, signaling vast potential for investment and growth. 🧠 Positive Perspective Analysis: The energy sector in Africa is guided by a clear vision of leveraging natural resources for sustainable development and economic prosperity. Stakeholders recognize the importance of collaboration and innovation in unlocking the continent's energy potential. Despite challenges, there is clarity in the path forward, with strategic initiatives and partnerships driving progress. Africa demonstrates agility in adapting to changing market dynamics and embracing emerging technologies to propel the energy sector forward. 🔑 Key Points: 1. Abundance of Natural Gas: Africa's natural gas reserves span across diverse landscapes, presenting a wealth of opportunities for exploration and production. 2. Sustainable Growth: Rising gas production in Africa fuels sustainable economic growth, supporting industrialization and job creation. 3. Collaborative Partnerships: Cross-border cooperation among nations is essential for maximizing the potential of natural gas projects, fostering regional integration and prosperity. 4. Innovation and Resilience: Africa embraces innovation and resilience in overcoming infrastructure challenges and regulatory complexities, driving the energy sector's advancement. 5. Empowering Communities: Energy development initiatives empower local communities, creating opportunities for socioeconomic development and improving quality of life. 💭 Conclusion: With a positive outlook and collaborative spirit, Africa stands poised to harness the vast potential of its natural gas resources, driving inclusive growth and prosperity across the continent. By fostering strategic partnerships, embracing innovation, and nurturing a conducive investment environment, Africa paves the way for a thriving energy sector that powers sustainable development and transforms lives. Let's unite in seizing these unprecedented opportunities and shaping a brighter future for Africa's energy landscape! 🚀🌍👌🏽 #EnergySector #AfricaEnergy #CrossBorderCooperation #InvestmentOpportunities #SustainableDevelopment #BusinessStrategy #LeadershipDevelopment #CorporatePartnerships #EntrepreneurialMindset #ManagementConsulting #ExecutiveLeadership #StrategicPlanning #BusinessInnovation #GlobalBusiness #ConsultingServices #IndustryInsights #ThoughtLeadership #BusinessNetworking #ExecutiveCoaching #ProfessionalDevelopment #linkedin #marketanalysis #expertadvice #contactus #likeandshare #connect #follow #followme #followformore

Coming to you in Lagos this September is the Nigeria Energy and Maritime Week (#NEMW2024) where we explore extensively, the investment opportunities, and ways we could tackle problems in the Energy and Maritime sectors. This week is your gateway to understanding how these critical sectors are shaping Africa's economic landscape. Expect insightful panels, groundbreaking discussions, and unparalleled networking opportunities. 📌 Establish structures for over 50 trade and maritime investment partnerships 📌 Secure $75 million in investment commitments within 12 months of the forum into Nigerian maritime sector 📌 Facilitate Project Funding: Enable investment-ready projects to present pitches to global private and institutional investors, with a goal of securing funding for these projects 📌 Alleviate Investment Barriers: Foster dialogue on steps to alleviate current barriers to sustainable energy investments in Nigeria, with a goal of implementing solutions for at least two key barriers within the year following the forum 📌 Prepare maritime investment deals in Nigeria and Increase awareness by 30% through investors engagement and media publicity. Be a part of the conversations and tours that drive change and innovation. Save the date and join us in September to be at the forefront of Africa's energy and maritime transformation! Register now: https://lnkd.in/gJHGe_RM https://lnkd.in/dN2psRj2 https://lnkd.in/gVaVRUuZ https://lnkd.in/dZCh6rGU #Welcome2Africa

I am excited about joining you in Paris to support foreign investments, private sector participation, and drive market liberalization of Africa’s energy with deal signings between international and African governments, private sector partners, energy stakeholders and investors. In Paris, France we will have a massive opportunity to showcase new exploration, discoveries and LNG Projects in #Namibia, #IvoryCoast, #Senegal, #Gabon, #Gambia, #SierraLeone, #SouthSudan, #Angola, #Libya, #Cameroon, #EquatorialGuinea, #Congo, #Uganda, #SouthAfrica, #Nigeria, #Mozambique and the Maghreb countries, while creating opportunities for other forms of energy like hydrogen, nuclear and new renewables, as the continent seeks to maximize its energy mix and developments to achieve a just transition. Invest in African Energy will feature a series of projects and dealmaking opportunities, panels and discussions that will address key domestic and international oil, natural gas, renewable and clean energy developments and topics. A knowledgeable group of industry participants and advisors comprised of executives from many companies, governments, including public and private energy companies, as well as advisory, investment, private equity, industry trade groups, regulatory agencies and support firms will be on hand for all presentations and panels and discussions. While the energy crisis is threatening jobs and economic developments – and energy poverty in Africa, especially in South Africa, where blackouts have become the norm and the downfall of Africa’s manufacturing powerhouse, disrupting the continent’s socioeconomic developments – there has never been a more crucial time for international investors and energy companies to maximize energy partnerships with #Africa.  The African Energy Chamber believes that now is the time to optimize and ensure the sustainable development and exploitation of Africa’s oil and gas resources. The Chamber is committed to continue its partnership with African policymakers and international investors and partners to create an enabling environment and facilitate Africa’s energy sector expansion. I am looking forward to Invest in African Energy in Paris and I urge you to register today and participate. https://lnkd.in/dQ4FJTV5

Today, our Chairman, Tony O. Elumelu, C.F.R, President/GCEO Owen Omogiafo OON, and MD/CEO of Transcorp Energy Christopher Ezeafulukwe along with other leaders within Heirs Holdings Group, met with Ms. Fatou HAIDARA Deputy Director-General of UNIDO, and Mr. Mohamed Moustapha Fall, United Nations Resident Coordinator in Nigeria, to discuss transformative collaborations for empowering Africa. Strategic partnerships are crucial for fostering sustainable development and socio-economic growth. The private sector plays a vital role in attracting these collaborations and investments. The day concluded with an exclusive dinner focused on sustainable energy financing with Ms. Ahunna Eziakonwa reinforcing our commitment to impactful investments. Power is essential for our continent's development. That is why we have invested heavily in this sector and continue to expand our efforts to ensure sustainable and equitable energy access for all communities. "We’ve had some interesting conversations around energy, and I am excited and invigorated by the people at this table. Africa needs a strong, clear, firm, and resolute voice to address what needs to be done for the continent. There is a huge energy deficiency in Africa, and no amount of pretty speeches about building the Africa of tomorrow will solve this gap. One of our group's core focus is bridging that energy gap, and we are pushing for energy sufficiency for all, rather than just energy transition." – Dr. Owen Omogiafo At Transcorp Group, we are dedicated to pushing boundaries and forging partnerships that drive investment across Africa. We are improving lives and transforming Africa. #Africapitalism #OwenOmogiafo #TranscorpTransforms

PIONEERING AFRICA’S UNIFIED ENERGY TRANSITION 46 DAYS TO GO Africa’s population is expected to double by 2050, as a result the continents energy demand is expected to increase tremendously in the next two decades. Despite possessing 8% of the world's proven natural gas reserves, more than 700 million Africans lack access to energy and clean cooking fuels. The inaugural EGYPES 2024 African Dialogue Conference will bring together key African stakeholders including top government officials, financial institutions, economists and energy thought leaders to discuss how Africa can harness its rich energy resources to bridge the energy gap and steer the continent towards a more prosperous and sustainable energy future. The African Dialogue Conference will feature a series of panel discussions and ministerial keynote speeches, the topics that will be covered include: 1. African Energy Policies and Regulations 2. Investment Opportunities in African Energy Projects 3. Sustainable Energy Development in Africa 4. Natural Gas Infrastructure and Distribution 5. The Role of Renewable Energy in Africa's Future To book your delegate pass to join the African Dialogue Conference, visit: https://bit.ly/45Ow3HW 100 DAY COUNTDOWN: 46 DAYS TO GO - We look forward to welcoming you to Cairo and EGYPES next February. Cany Jobe (M.Eng, MIPM); Gambia National Petroleum Corporation, RASHID ABDALLAH; African Energy Commission of the African Union, Sameh Shenouda, Anibor Kragha; African Refiners & Distributors Association, Rungas Group , Aysha Abba; Cainergy Group, Ejike Egbuagu; Moneda Invest, Mamadou Beye; Chevron, HRH Princess Dr. Moradeun Ogunlana; AFRICAN WOMEN'S HEALTH PROJECT INTERNATIONAL, {Prince} Randy K. A. S., Adly Kafafy; TAQA Arabia, Patrick Westman; ENGIE Energy Access (Africa), Andrew Daniel, Malak El Shishiny; Hassan Allam Utilities, Zakaria DOSSO, Henry Obih; Fidelity Bank PLC, Emeka Iheme; Gasavant Africa, Christopher Cantelmi; IFC - International Finance Corporation, Ebele Sophia Imite-Uka; Satlatena Nigeria Limited #EgyptEnergyShow #EnergyTransition #EnergySecurity #Decarbonisation #EGYPES100DAYCOUNTDOWN #EGYPES #EGYPES2024

Africa requires over $240 billion in annual energy investments with 75% focused on clean energy to achieve energy access, climate, and development goals by 2030. This is according to International Energy Agency (IEA)'s report, 'Clean Energy Investment for Development in Africa,' which identifies critical investment areas, including energy access, the power sector, and emerging industries like critical minerals and clean energy technology manufacturing. This initiative supports the Energy for Growth in Africa program launched by Italy’s G7 Presidency, aiming to foster bankable clean energy projects and improve access to financing. Despite Africa's immense energy resources, the continent attracts only 3% of global energy investment. With 600 million Africans lacking electricity and over 1 billion relying on traditional fuels for cooking, accelerating sustainable energy development is crucial. How can we overcome financial barriers to ensure equitable access to clean energy in Africa? #CleanEnergy #SustainableDevelopment #AfricaEnergy #IEAReport #InvestmentInAfrica #EnergyAccess #ClimateGoals

The Africa Energy Market Place (AEMP) focuses on #Nigeria this year, and the sessions start today! It promises to be exciting, as a crucial policy dialogue to make inputs into Nigeria's National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP). Please find registration details in the link below. #PowerAfrica #AEMPNigeria #AEMP2024

All governments have an obligation to declare their policies in specific areas of national endeavour. In the Nigerian electricity sector, that obligation is reinforced by the provisions of Section3, Electricity Act, 2023, which requires the Minister of Power to undertake the process of delivering an Integrated National Electricity Policy and Strategic Implementation Plan. In fulfillment of this obligation, the Minister will be hosting the forthcoming National Dialogue. The last time a national electricity policy was considered and enacted was 2001. Since then, just about everything in the sector has changed multiple times; and so the need to define Nigeria’s electricity strategy is extremely urgent and compelling. Important questions are there to be discussed on the 7th and 8th May. Identify stakeholders, their interests and roles; define and set clear, simple, measurable national objectives; recognise that Nigeria no longer has a single national electricity but under the 1999 Constitution State electricity markets also exist, exclusively to provide for retail customers. What is the nature of, and who are the players in, these respective markets; how and from where/whom is capital to be raised for them; how are they to be governed from both the public and private sector perspectives; how do we harness our abundance of natural gas to the needs of the electricity sector even as we must manage our national obligation to be environmentally responsible and transit to clean energy sources. What must be done to make the electricity sector at all levels inclusive, gender-sensitive and focused on enabling the elimination of poverty; what must be done to enable Nigerian talent to permeate all aspects of the electricity business from financing to manufacturing, to production, supply, customer care and the use of technology across the board; and, very importantly, what policy initiatives do we need to put in place to ensure the steady supply and development of competent, skilled, trained Nigerians to work at all levels and in all aspects of the electricity sector. These questions will be discussed at this National Dialogue. It promises to be a major watershed in the evolution of Nigeria’s electricity sector…and not a moment to soon. #MinisterofPower #IntegratedNationalElectrcityPolicy #MinistryofPower #AfDB #UKNIAF #NationalDialogue