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Moyes & Co, ENVOI and FarmoutAngel Team Up with African Energy Week (AEW) 2023 to Launch African Farmout Forum

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African Farmout Forum

Featuring in-depth presentations, engaging Q&A sessions and private meetings, the African Farmout Forum will connect companies with oil blocks, permits and licenses, enabling both major and independent E&P firms to invest in Africa

JOHANNESBURG, South Africa, August 15, 2023/APO Group/ — 

The African Energy Chamber (AEC) (http://www.EnergyChamber.org) is proud to announce that financial services company Moyes & Co; global acquisition and divestment advisor Envoi; and oil and gas deal listing platform FarmoutAngel have teamed up with Africa’s biggest energy event African Energy Week (AEW) 2023 to launch the African Farmout Forum: a platform created to advancing deals across the continent’s upstream sector. The forum will take place during this year’s AEW conference – scheduled for October 16-20 in Cape Town – and will feature a slate of 7-minute pitches; a wall of farmouts; and an investor meet & greet. Taking place concurrently with an African Export-Import Bank-led deal room, the forum represents the official upstream deal-signing place for Africa.

The African Farmout Forum will introduce companies, investors and publicly-traded firms to oil blocks, licenses and/or permits through an interactive platform led by industry experts. Notably, Moyes & Co is a professional team with worldwide practical operational and technical experience in the natural resources industry. The firm provides transaction management; fair market and corporate asset valuations; new ventures and deal scoping; and many other services. Envoi, on the other hand, specializes in acquisition and divestment, portfolio advice and project marketing for the international upstream industry while FarmoutAngel offers a suite of data and analytics regarding oil and gas deals and asset valuations and considerations.

All three companies have played an instrumental role in facilitating Merger & Acquisition (M&A) activity in Africa, driving deal-making while marketing some of the continent’s most prolific hydrocarbon prospects. The African Farmout Forum – organized and delivered by the three companies – will build on this expertise to pave the way for International Oil Companies (IOC) to do deals in Africa at AEW 2023. Live presentations will be featured while collaborative Q&A sessions aim to expand the understanding of Africa’s oil and gas acreage. One-on-one meeting opportunities are also available. For small and independent companies seeking liquidity, and larger players looking for a balance of individual and institutional investment, the forum engages a suite of investors from across the globe. Interested in presenting your deal? Contact deliver@envoi.co.uk.

Emerging markets such as Sierra Leone, Uganda, Kenya and many others have either launched or are preparing to open licensing rounds in an effort to bolster exploration

In 2023, Africa’s upstream sector has already been a buzz of activity. In the first half of the year, the continent’s M&A transactions reached just short of $2 billion, with the total estimated recoverable resources equating to 320 million barrels of oil equivalent. Both major and emerging oil-producing nations in Africa are ramping up exploration efforts in a bid to increase production continent-wide. National objectives to achieve universal access to electricity all while stimulating industrialization and economic growth call for a sharp increase in upstream oil and gas investment. New discoveries such as those made in Namibia, Ivory Coast and Libya in recent years are poised to unlock fresh acreage while opportunities across marginal fields and accelerated IOC divestment trigger newfound M&A prospects for private players. On the back of attractive fiscal policy, many African countries are inviting both major and independent explorers to invest in these basins, and are turning to bid licensing rounds to incentivize exploration. The AEC’s Q1 2023 Outlook, The State of African Energy, states that by the end of this year, up to 18 exploration licensing rounds are expected to be awarded while several new rounds undergo preparations. The AEW 2023 African Farmout Forum will play an instrumental part in facilitating these rounds. 

In mature markets, new licensing rounds aim to maintain and even increase production levels. Natural declines in legacy fields threaten national output, and as demand continues to rise owing to population growth, urbanization and development, energy security will largely hinge on accelerated exploration. Representing part of the country’s six-year licensing round launched in 2019, Angola’s national concessionaire the National Oil, Gas and Biofuels Agency plans to open the next bid round in September 2023, with 12 onshore blocks on offer, including four in the Congo Basin and eight in the Kwanza Basin. Nigeria’s seven-block deep offshore mini-round and Equatorial Guinea’s EG Ronda 2023 are also underway while Ghana plans to open a new licensing round this year.

Meanwhile, burgeoning energy markets to the likes of Sierra Leone, Uganda, the Democratic Republic of Congo (DRC), Guinea-Bissau and Kenya are also focusing on licensing rounds, paving the way for new investment in untapped acreage. Earlier this year, the DRC launched a 30-block licensing round, comprising 27 oil blocks and three gas blocks. Currently, only the three gas blocks have been awarded. Sierra Leone’s sixth licensing round is underway and is set to close in September 2023 while Guinea-Bissau’s special deepwater tender round has five blocks open for bidding. In East Africa, Kenya and Uganda are preparing to launch licensing rounds, opening lucrative opportunities for frontier players.

“Eager to maintain production levels and open up new acreage in marginal fields, major producing nations such as Angola, Equatorial Guinea, Nigeria and more are inviting E&P players to invest and develop oil and gas blocks. At the same time, emerging markets such as Sierra Leone, Uganda, Kenya and many others have either launched or are preparing to open licensing rounds in an effort to bolster exploration in untapped basins. All of these present lucrative opportunities for both major and independent oil companies,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

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RIOT Network and MediaTek collaboration expands digital access in South Africa through innovative, community-driven Wi-Fi solutions

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MediaTek

RIOT Network aims to make fast, unlimited Wi-Fi services accessible for people in townships and underserved communities

JOHANNESBURG, South Africa, November 22, 2024/APO Group/ — 

MediaTek (www.MediaTek.com), a global fabless semiconductor company powering nearly 2 billion connected devices a year, and RIOT Network (https://RIOT.Network), a community mobile broadband provider in South Africa, have announced the successful integration of Mediatek’s Filogic 830 (https://apo-opa.co/3CIbkNl) chipset into RIOT’s second-generation CROWDNet Core Nodes.

The successful deployment of the CROWDNet nodes has enabled RIOT Network to achieve its aim of offering uncapped internet at an affordable price of R99 per month, and to do so profitably. To date, RIOT Network, in partnership with Sonke Telecommunications, has leveraged the nodes to connect more than 800 households and 5000 users in Olievenhoutbosch to uncapped Wi-Fi services.

RIOT Network aims to make fast, unlimited Wi-Fi services accessible for people in townships and underserved communities. Its CROWDNet Nodes, enable an innovative model for deploying user-operated network infrastructure. Community members serve as operators of some of the core network devices to earn a share of the fee from neighbours who use the service.

With each new connection, RIOT Network is highlighting the role of innovative fixed-wireless solutions in extending broadband access and improving digital inclusivity

CROWDNet powered by MediaTek Filogic 830 brings affordable, last-kilometre broadband to communities where it is not commercially viable to deploy towers or fibre. The MediaTek Filogic 830 is a high-performance SoC for routers, repeaters, access points and mesh networking devices. The SoC enables device makers to build-in powerful applications based on an energy-efficient, Wi-Fi 6-ready platform.

“The Mediatek’s Filogic 830 chipset delivers a unique balance of high performance and cost-efficiency, allowing us to keep operational costs low while maximising network reliability and speed,” said Jarryd Bekker, CEO at RIOT Network. “This combination of affordability and sustainable business growth is pivotal to our vision of expanding digital access in underserved communities. Our work in Olievenhoutbosch near Centurion demonstrates the power of reliable, affordable internet, creating new opportunities for economic and social engagement.”

“With each new connection, RIOT Network is highlighting the role of innovative fixed-wireless solutions in extending broadband access and improving digital inclusivity,” said Rami Osman (https://apo-opa.co/4ghZBUn), Director for Business Development, MediaTek Middle East and Africa. “We look forward to supporting RIOT in building a future where high-quality internet is accessible and impactful for all.”

Distributed by APO Group on behalf of MediaTek Inc

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African Energy Chamber (AEC) Endorses Inaugural Congo Energy & Investment Forum, Catalyzing Growth in the Republic of Congo’s Energy Sector

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African Energy Chamber

The African Energy Chamber proudly supports the inaugural Congo Energy & Investment Forum, scheduled for March 25-26, 2025 in Brazzaville

BRAZZAVILLE, Republic of the Congo, November 21, 2024/APO Group/ — 

The African Energy Chamber (AEC), as the voice of Africa’s energy sector, proudly supports the inaugural Congo Energy & Investment Forum (CEIF), set to take place in Brazzaville on March 25-26, 2025. Unveiled during African Energy Week: Invest in African Energies in Cape Town by the Republic of Congo’s Ministry of Hydrocarbons, this milestone event signals the nation’s commitment to strengthening its role as a key energy player on the continent, while showcasing a range of investment opportunities. 

Under the leadership of Hydrocarbons Minister Bruno Jean-Richard Itoua, the Republic of Congo has emerged as sub-Saharan Africa’s fourth-largest oil producer, with anticipated production of 280,000 barrels per day (BPD) by the end of 2024 and ambitions to reach 500,000 BPD within three to five years. Building on this momentum, the CEIF will highlight innovative projects and foster strategic partnerships that enhance investment, drive economic growth and position the Congo as a leader in Africa’s energy expansion.

Meanwhile, Société Nationale des Pétroles du Congo (SNPC), led by CEO Maixent Raoul Ominga, is spearheading the Congo’s energy growth. SNPC holds a majority stake in the Mengo Kundji Bindi II permit, with 2.5 billion barrels of estimated oil potential. The company is developing the site through 13 wells, 3D seismic data acquisition, and the construction of six production platforms. 

We are honored to secure the Chamber’s endorsement for this pivotal forum

With the Chamber’s official support, the CEIF is set to attract government leaders, C-suite executives from major IOCs and energy experts, who will offer critical insights into Congo’s oil, gas and energy sector developments. The country is overhauling its gas sector to unlock 10 trillion cubic feet of resources through a comprehensive Gas Master Plan and new Gas Code that introduces favorable fiscal terms and enables small-scale project development, as well as large-scale, integrated gas megaprojects like Eni’s Congo LNG and Wing Wah’s Bango Kayo. 

“The Congo Energy & Investment Forum marks a major milestone for the country, amplifying its strategic energy initiatives and showing industry stakeholders that it is serious about advancing its energy sector. We look forward to supporting this forum, which promises to connect investors, drive impactful partnerships and elevate the Congo’s position within Africa’s energy sector,” says NJ Ayuk, Executive Chairman of the AEC.  

“We are honored to secure the Chamber’s endorsement for this pivotal forum, which, through its vast network and influence, will help attract key stakeholders and decision-makers to the event. Together, we aim to highlight the immense potential of the Congo’s energy sector, foster strategic partnerships and drive transformative investments that contribute to sustainable growth across the industry,” notes James Chester, CEO of Energy Capital & Power, organizers of the CEIF.   

This premier forum provides a unique platform for connecting local and international investors with high-impact opportunities across a diversified range of energy projects, paving the way for collaborations that drive growth and transformation. The AEC’s endorsement underscores its commitment to fostering strategic partnerships, sustainable investment and regional cooperation, aligning with its broader mission to make energy poverty history across the continent by 2030.  

As the energy industry continues to serve as a critical pillar of the Congolese economy and a catalyst for sustainable development, the AEC remains dedicated to supporting initiatives like CEIF that foster progress, investment and partnerships across the African energy landscape. 

For more information, please visit www.CongoEnergyInvestment.com

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

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Any Successful African Energy Policy at Conference of the Parties (COP) or Anywhere Must Have Oil and Gas at its Core (By NJ Ayuk)

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Conference of the Parties

Africa will need global financial systems, including multilateral development banks, to play a significant role in financing our energy growth which must include fossil fuels

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JOHANNESBURG, South Africa, November 21, 2024/APO Group/ — 

By NJ Ayuk, Executive Chairman of the African Energy Chamber (www.EnergyChamber.org).

I believe the ultimate responsibility for getting there is ours and no one else’s. Yes, we need partners to walk alongside us, but the success of our energy movement rests on African shoulders.

To begin with, I would love to see African energy stakeholders speaking in a unified voice about African energy industry goals.

This will be particularly important in COP29 in Baku. It is imperative that African leaders present a unified voice and strategy for African energy transitions. We must make Africa’s unique needs and circumstances clear and explain the critical role that oil and gas will play in helping Africa achieve net-zero emissions in coming decades.

I would encourage African leaders to talk about the need for financing, as well, to make it possible for us to adopt renewable energy sources and set up the necessary infrastructure. Africa will need global financial systems, including multilateral development banks, to play a significant role in financing our energy growth which must include fossil fuels.

Africa’s governments have a role to play in a successful African energy movement as well.

Because Africa’s energy industry still can benefit greatly from the presence of international oil companies, our government leaders need to approve contracts with oil and gas companies promptly instead of allowing red tape to delay projects after discoveries are made.

And, they need to offer the kinds of fiscal policies that allow oil companies to operate profitably in Africa. In turn, that will help those companies generate revenue, create jobs and business opportunities, and foster capacity building.

I also would encourage governments and civil societies to reward companies that exemplify positive behavior. Let’s incentivize the kind of activities we want, from creating good jobs and training opportunities to sharing knowledge.

I would love to see African energy stakeholders speaking in a unified voice about African energy industry goals

And there’s more.

We in Africa must work together to create more opportunities for women to build careers in the oil and gas industry at all levels. Our energy industry can’t reach its potential to do good when half of our population is left out. Our progress on behalf of women has not been great—We need to do better, and we need to act quickly.

How the world can support

Now, I mean it when I say Africans are responsible for building the future they want. But, I would love to see Western governments, businesses, financial institutions, and organizations support our efforts.

How? They can avoid demonizing the oil and gas industry. We see it constantly, in the media, in policy and investment decisions, and in calls for Africa to leave our fossil fuels in the ground. Actions like these, even as Western leaders have pushed OPEC to produce oil, are not fair, and they’re not helpful.

I also would respectfully ask financial institutions to resume financing for African oil and gas projects and stop attempting to block projects like the East African Crude Oil pipeline or Mozambique’s LNG projects.

Please understand that with the war in Ukraine, the energy crisis in Europe, and the energy poverty facing our continent, our countries, like many others, are simply choosing the paths they believe are most likely to help their people.

You know, people for years have accused me of loving oil and gas companies more than Africa. The opposite is true. In my frequent travels around the continent, I’ve observed far too many young people with little in the way of opportunities.

I know our young people have aspirations for a better future. I know they have big dreams. And, I know that future is nearly within their grasp.

A thriving, strategically managed energy industry can make it possible for many of these young people, whether it leads to good jobs or it fosters the kind of economic growth that creates jobs in other fields. Even if we only get the lights on in their communities, we’ll be giving our young people hope and improving their chances of realizing their goals.

This is what drives me, the idea that with our ongoing efforts and determination, our young people can realize meaningful opportunities. I encourage each of you to work with us at the African Energy Chamber, in a spirit of cooperation and mutual respect. Together, we can build the kind of African energy movement that our continent, our communities, and our young people need and deserve.

Distributed by APO Group on behalf of African Energy Chamber.

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