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11th East Africa Property Investment Summit announced for 17-18 April 2024 in Nairobi

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East Africa Property Investment

The event brings together international and regional leaders, with more than 200 companies represented at the gathering

NAIROBI, Kenya, March 6, 2024/APO Group/ — 

The 11th annual East Africa Property Investment (EAPI) Summit will be held on 17 and 18 April 2024 in Nairobi, Kenya. With dedicated forums for housing, hospitality, retail and proptech, #EAPI2024 promises to be bigger and more influential than ever before.

Positioned at the centre and hub of the continent, East Africa’s fast-moving and evolving economies are setting the tone for investment and development across the real estate value chain. Given this standing, it is not surprising that #EAPI2024 will host over 500 attendees from 15 countries in April. The event brings together international and regional leaders, with more than 200 companies represented at the gathering.

Under the theme “Inspire, Imagine, Invest,” this year’s event will be exclusively in-person at Radisson Blu, Upper Hill, Nairobi. Attendees will connect, share insights and do deals with exclusive opportunities to network and access valuable content. Over two days, the event will share expertise from 90-plus speakers, in addition to a variety of valuable networking opportunities and other unique experiences to foster dealmaking.

Somaya Joshua, Head of Commercial Property Finance for the Africa region (outside South Africa) at Absa Group, and the lead sponsor for this year’s summit says, “Our commitment extends far beyond bricks and mortar, as we forge sustainable partnerships with our clients, collectively shaping the trajectory of Africa’s future. We take immense pride in once again sponsoring the East Africa Property Investment (EAPI) Summit in Nairobi, where we’ll convene to share insights and explore innovative opportunities within the built environment as we continue to support the ongoing growth and development of the sector.”

Mi Vida, which is tackling the lack of affordable housing for middle-income families by building at least 3,000 homes suited to this market in the immediate term is a gold sponsor of #EAPI2024. Residential developer Mi Vida is a joint venture between Actis, a leading growth markets investor active in the region for over 70 years and Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates.

Samuel Kariuki, CEO of Mi Vida, a gold sponsor of EAPI2024, says, “As we continue to successfully unlock the investment potential for institutional grade affordable housing in the Kenyan Market, we are extremely proud to sponsor the EAPI Summit in Nairobi and be a part of showcasing the attractive opportunities and real estate expertise in our exciting market. We are seeing strong investor demand for residential properties that balance quality and affordability, especially in mixed-use settings.”

Niyi Adeleye, Head of Real Estate Finance – Africa Regions at Standard Bank Group, a gold sponsor of this prominent gathering, says, “Standard Bank remains committed to the Eastern African markets such as Kenya, Tanzania, Uganda and others, as well as key gateway cities such as Nairobi, Dar es Salaam and Kampala where we expect ongoing growth in client activities. Our key objective remains to continue to support the aspirations of our new and existing customers in these key East African cities. The EAPI platforms offer a valuable space for client engagement and for sharing industry and sector thought leadership perspectives with key market participants for the deepening and development of the markets.”

Kenneth Mbae is Managing Director of Centum Real Estate, Kenya, the silver sponsor of this unmatched East Africa real estate gathering. Centum Real Estate is a leading force in shaping urban areas in East Africa into vibrant and desirable locations, having built over 1,200 homes, managing an asset portfolio worth more than 40 billion Kenyan shillings across 11,000 acres of multifunctional spaces. Mbae says, “As proud sponsors of the EAPI summit, we appreciate the platform it provides to exchange ideas with industry peers, stay updated on emerging industry technologies, and most importantly, connect and directly engage investors and prospective homeowners keen on exploring our lucrative opportunities in Kenya and Uganda.”

Our commitment extends far beyond bricks and mortar, as we forge sustainable partnerships with our clients, collectively shaping the trajectory of Africa’s future

The comprehensive agenda for the upcoming #EAPI2024 summit features a wide variety of sessions catering to the diverse interests within the industry. A dedicated session will delve into “East Africa’s Position in a Changing World Order,” which promises an insightful discussion on the major macroeconomic factors influencing the built environment within the region.

Another highpoint includes a comprehensive review titled “The Institutionalization of Real Estate in East Africa.” This session will examine the triumphs and challenges encountered in developing leading projects in the region. It aims to shed light on what investors and tenants or buyers prioritise when it comes to real estate opportunities.

A particularly interactive session is set to be a Q&A on “Global Monetary Policy,” where experts will analyse the implications of fluctuating interest rates on the regional economy, sovereign debt and the built environment. This will provide attendees with a deeper understanding of the financial forces at play in the real estate sector.

For those interested in industrial development, the “Industrial & Warehousing in an Emerging Context” session will address how to unlock and reposition for local industrial demand, including a review of regulations, Special Economic Zones (SEZs), Export Processing Zones (EPZs), and tenant demand.

This year will see new additions to the programme, including an exciting Retail and Concept Forum (18 April), the expansion of the Hospitality Forum (17 April), as well as the Proptech (18 April) and Affordable Housing sub-Forums (18 April).

Focusing on the hospitality industry, the “Hotels: Coastal Trends” session will unpack the opportunities and trends along the East African coast. The talk will address various aspects, including leisure and lodges, providing an in-depth look at the potential and challenges that lie within the coastal hospitality scene. The conference will also feature a session on “Hotels: Short Term Rentals & Residences Market in East Africa,” zooming in on demand, supply, management, design and off-takers. This is an area of growing importance in the region’s real estate landscape.

The deep dive into the world of retail property will include discussions on how international franchises and new players can penetrate the regional market. Additionally, a session dedicated to “Retail: Neighbourhood Convenience” will explore the potential for continued growth in this sector and compare the advantages of convenience stores versus traditional malls, providing valuable insights for attendees interested in retail real estate development.

Murray Anderson-Ogle, GM of Marketing and Commercial at API Events, says, “If you’re invested in Africa or interested in the many different aspects of real estate, this opportunity to access networking, dealmaking and insights in one of the continent’s most dynamic markets cannot be missed. #EAPI2024 will once again set the property agenda.”

The 11th East Africa Property Investment Summitt will take place on 17-18 April 2024 at Radisson Blu, Upper Hill, Nairobi, Kenya. For more information and to book to attend the EAPI Summit visit https://EAPISummit.com.

Distributed by APO Group on behalf of API Events.

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Genesis Energy Chief Executive Officer (CEO) to Discuss Energy Expansion at Congo Energy & Investment Forum

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January 20, 2025

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Genesis Energy

Akinwole Omoboriowo II will discuss Genesis Energy’s plan to deliver 10.5 GW of power across Africa, highlighting how Nigeria’s power sector experience can inform the development of the Republic of Congo’s domestic energy grid and gas export potential

BRAZZAVILLE, Republic of the Congo, January 20, 2025/APO Group/ — 

Akinwole Omoboriowo II, CEO of Genesis Energy, will speak at the Congo Energy & Investment Forum (CEIF) in Brazzaville this March, where he will discuss the company’s plans to deliver 10.5 GW of power across Africa, with a focus on energy initiatives that align with the Republic of Congo’s energy development goals.

Genesis Energy is driving transformational power projects, including providing 334MW to the Port Harcourt Refinery in Nigeria and plans to produce 1 GW within the WAEMU region. In October 2024, Genesis and BPA Komani announced their strategic partnership to mobilize capital and facilitate critical infrastructure projects focused on renewable energy, particularly Battery Energy Storage Systems across Africa. Additionally, Genesis’ recent MOU with the U.S. Agency for International Development will mobilize $10 billion for green energy and renewable projects, supporting Africa’s transition to a sustainable energy future.

The inaugural Congo Economic and Investment Forum, set for March 25-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

During CEIF 2025, Omoboriowo will explore how Genesis’ successful energy infrastructure development projects in Africa, combined with private sector innovation, can guide the Republic of Congo in strengthening its energy security and achieving its decarbonization goals. By leveraging its expertise in clean energy and strategic partnerships, Genesis Energy is poised to play a key role in helping the Republic of Congo harness its energy potential and expand its regional energy influence.

The Republic of Congo’s renewable energy sector is in a phase of growth, with increasing interest in solar, hydro and wind energy projects. Battery energy storage capacities are also gaining traction as a vital component of the country’s energy infrastructure, helping to balance supply and demand. The government is focusing on diversifying its energy mix to reduce dependency on fossil fuels and enhance grid reliability. Looking ahead, the Congo aims to expand its renewable energy capacity and integrate storage solutions to meet growing domestic and regional energy needs while supporting environmental sustainability.

Distributed by APO Group on behalf of Energy Capital & Power.

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Eni, TotalEnergies Announce New Exploration Projects in Libya

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7 hours ago

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January 20, 2025

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National Oil Corporation

Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas production in Libya at the Libya Energy & Economic Summit 2025 on January 18.

Among the key developments highlighted were TotalEnergies’ recent onshore exploration project and promising exploration opportunities in the Sirte and Murzuq basins.

“With 40% of Africa’s reserves, Libya remains largely untapped,” said Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies. Pouget shared TotalEnergies’ plans for 2025, including the completion of an onshore exploration project and new exploration in the Waha and Sharara fields. “We expect results next week,” he added.

Luca Vignati, Upstream Director at Eni, echoed optimism for Libya’s potential and outlined the company’s ongoing investment initiatives in the country. “We are launching three exploration plays – shallow, deepwater and ultra-deep offshore. No other country offers such opportunities,” Vignati stated. He also highlighted the company’s investments in gas projects, including over $10 billion for the Greenstream gas pipeline and a CO2 capture and storage plant in Mellitah.

Repsol affirmed its commitment to advancing exploration in Libya, focusing on overcoming industry challenges and achieving significant production milestones.

We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore

“Over the past decade, Libya has made remarkable efforts to fight natural field decline and encourage exploration,” said Francisco Gea, Executive Managing Director, Exploration & Production at Repsol. “We have reached 340,000 barrels per day. The two million target is within reach, and as international companies, we have the responsibility to bring capacity and technology.”

“Innovation is key to maximizing production and accelerating exploration. By deploying cutting-edge solutions, Nabors can enhance efficiency, reduce costs and ensure safer operations,” added Travis Purvis, Senior Vice President of Global Drilling Operations at Nabors.

Bashir Garea, Technical Advisor to the Chairman of the NOC, highlighted the country’s immense oil and gas potential. “We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore,” he said. He also pointed to Libya’s sizable gas reserves, noting, “Libya has 122 trillion cubic feet of gas yet to be developed. To unlock this potential, we need more investors and new technology, particularly for brownfield revitalization.”

“Our strategy spans the entire value chain. Strengthening infrastructure is essential to maximizing production and efficiency,” said Hisham Najah, General Manager of the NOC’s Investment & Owners Committees Department.

NJ Ayuk, Executive Chairman of the African Energy Chamber and session moderator, underlined Libya as a prime destination for foreign investment: “Libya is at the cusp of a new energy era. The time for bold investments and strategic partnerships is now.”

Distributed by APO Group on behalf of Energy Capital & Power.

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Libya’s Oil Minister: Brownfields, Local Investment Key to 2M Barrels Per Day (BPD) Production

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January 20, 2025

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Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical drivers of this growth. Speaking at the Libya Energy & Economic Summit (LEES) in Tripoli on Saturday, Minister of Oil and Gas Dr. Khalifa Abdulsadek outlined the country’s strategy to reach 1.6 million bpd by year-end and laid the groundwork for longer-term growth.

“There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks,” stated Minister Abdulsadek during the Ministerial Panel, Global Energy Alliance – Uniting for a Secure and Sustainable Energy Future. “We want to make sure local oil companies take part. We also want to leverage the upcoming licensing round to support our planned growth in the oil sector.”

The minister’s remarks were complemented by a strong call for international participation in Libya’s upcoming licensing round, signaling the government’s commitment to fostering collaboration and maximizing the potential of its energy sector.

Highlighting Libya’s vast natural gas potential – with reserves of 1.5 trillion cubic meters – Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, stressed the need for enhanced investment in gas projects. He pointed to ongoing initiatives like the $600 million El Sharara refinery as opportunities to stimulate economic diversification.

There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks

“Natural gas is available,” Hamel stated, adding, “It is the greenest of hydrocarbons and we see natural gas continuing to grow until 2050.”

The panel also tackled the global energy transition, emphasizing Africa’s unique challenges and the need for the continent to harness its resources to achieve energy security. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), underscored the critical need for finance, technology and reliable markets to drive progress.

“At APPO, we have noted three specific challenges for the African continent. Finance, technology and reliable markets,” he stated, questioning whether Africa can continue to depend on external forces to develop its resources.

As one of Africa’s top oil producers, Libya holds an estimated 48 billion barrels of proven oil reserves. The country’s efforts to expand production, attract investment and drive innovation are central to the discussions at LEES 2025. Endorsed by the Ministry of Oil and Gas and National Oil Corporation, the summit has established itself as the leading platform for driving Libya’s energy transformation and exploring its impact on global markets.

Distributed by APO Group on behalf of Energy Capital & Power.

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