APO International

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org) When examining how fossil fuel exploration, production, and usage differ between African and more developed nations, the contrast is so stark that it essentially defines the core mission of the African Energy Chamber (AEC). We exist not to bring these rates on par with each other but to amplify Africa’s standing in the global energy industry such that it results in […]

By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org). Western leaders often urge African nations to make a rapid transition from fossil fuels to renewable energy sources. They seem to think that African nations can switch to renewable power sources fairly easily, as if a good energy infrastructure was already in place. But this is not the case in Africa, where roughly half of the population lacks access to electricity. […]

Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, and Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) (www.CDP.it) have signed a EUR50 million loan facility agreement on the sidelines of COP28 in Dubai. The financing will play a crucial role in supporting AFC’s investments in renewable power, energy efficient projects and climate-resilient infrastructure. The 10-year facility will enable AFC to accelerate its efforts […]

The President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, called on African business leaders to take advantage of investment opportunities in Africa and decarbonize their industries more quicky during the COP28 global climate conference in Dubai. “Africa is a very reliable destination for investment,” since the continent has a “dominant position in terms of green metals, the critical metals that will support storage and energy systems,” Dr Adesina said […]

By Mike Smollan, Chief Growth and Innovation Officer, Smollan (https://Smollan.com). As per the Edge Global Insights Report 2023 - overall, the retail industry this year has navigated the lingering effects of the pandemic, embraced digital transformation, addressed sustainability concerns, and tackled supply chain challenges. Coupled with the disentanglement of major market dynamics from the clutter that is, supply chain disruptions, rising inflation and the pros and cons of new tech. As […]

Since early discoveries of oil and gas in Africa, European operators and service providers have made substantial investments in unlocking the continent's hydrocarbon resources. Amid global market changes – whereby energy demand outweighs supply and efforts to diversify value chains pinpoint new producers – Africa’s oil and gas landscape has become an increasingly attractive investment destination. The upcoming Invest in African Energy (IAE) forum in Paris – organized by Energy […]

“Every woman, every mother must be able to turn on the gas cooker and cook a decent meal like anywhere else in the world”—Adesina; African Development Bank to scale up contribution to clean cooking solutions; “Lack of access to clean cooking is a stain on humanity”—Birol. Africa requires $4 billion in annual investment, to provide  250 million with clean cooking energy,  says the Executive Director of the International Energy Agency (IEA) Fatih […]

African Development Bank Group President Dr Akinwumi Adesina (www.AfDB.org) has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalizing value-added exports including steel, cement, iron, aluminium and fertilizers. Adesina said, “With Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, the implication is that Africa will be forced to export raw commodities again into Europe, which will further cause de-industrialisation […]

Helmsman Quality and Technology Services Company Ltd. (HQTS) (www.HQTS.com), a leading provider of third-party quality assurance services, has entered into an agreement with the Petroleum Authority of Uganda (PAU) and the Uganda National Bureau of Standards (UNBS) to perform Pre-Export Verification of Conformity Assessments on specialised equipment and materials for oil and gas projects in Uganda. Uganda hosts some of East Africa's largest petroleum production projects, with two primary initiatives: […]