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Advancing Digital Tools and Expertise in Africa: S&P Global Becomes Technical Partner of African Energy Week (AEW) 2023

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S&P Global

Under a multi-year agreement signed in 2022, S&P Global represents the Technical Partner of the African Energy Week 2023 conference

JOHANNESBURG, South Africa, September 6, 2023/APO Group/ — 

Africa’s energy development agenda has become increasingly complex. Climate change and energy security concerns have highlighted the critical role low-carbon and sustainable energy developments play in Africa, while diverse regulatory environments, shifts in global capital trends and security risks have created a difficult-to-navigate investor climate across the continent. While progress continues to be made to create an enabling environment for investment, real-time data and analytics prove critical for foreign investors and project developers as interest grows in African energy opportunities.

In this scenario, organizations such as S&P Global Commodity Insights have been highlighted as instrumental. As a provider of information, analytics and solutions for major industries and markets that drive economies worldwide, S&P Global offers valuable data on the African energy industry. The African Energy Chamber (AEC) is proud to announce that S&P Global is the Technical Partner of African Energy Week (AEW) 2023 – taking place October 16-20 in Cape Town. The partnership falls under a multi-year agreement signed with S&P Global in 2022, whereby the information provider would support the event’s technical sessions. As Africa’s energy sector expands and low-carbon technologies become increasingly pivotal, S&P Global’s insights will continue to be integral.

Energy is a catalyst for economic development, and in Africa, many countries are prioritizing investments in this area under efforts to industrialize and electrify economies. Growing regional demand in conjunction with global efforts to diversify supply chains have seen heightened investor interest in Africa, and regulatory reforms are making the continent that much more attractive for foreign capital. At the same time, the global energy and commodity market is becoming increasingly volatile. Russia’s invasion of Ukraine disrupted global gas chains while the COVID-19 pandemic sent supply-demand dynamics into chaos. As the world transitions to a cleaner energy future, the energy industry becomes more complex by the day.

S&P Global’s comprehensive data, expertise and digital tools that will be instrumental as Africa’s energy sector grows from strength to strength

In this complexity, Africa continues to drive a wave of large-scale energy developments. Upstream, new discoveries made in Namibia, Zimbabwe, Ivory Coast, South Africa and many more have opened up new basins across the continent. Efforts to advance domestic utilization and trade have seen investments grow in refining, pipeline and transportation, as well as energy storage. At the same time, the energy transition has seen an uptick in renewable energy, green hydrogen and hybrid solutions, with burgeoning ‘green markets’ cropping up in countries such as Mauritania, Egypt, Namibia, Mozambique and more. Electrification and industrialization targets are driving power generation, infrastructure and low-carbon fuel projects while local content priorities have influenced policy reforms and amendments.  

Stepping into this picture, S&P Global provides the information, data and analytics that make the complex energy industry easier to navigate. The organization has a mandate to “push past expected observations and seek out new levels of understanding,” with the aim of assisting companies, governments and individuals make an impact on tomorrow. Focused on powering the markets of the future, S&P Global offers essential intelligence that strengthens decision-making in Africa. At AEW 2023, this intelligence will prove central to many discussions. As the AEW 2023 Technical Partner, the organization will support and spearhead the technical program, which features a diverse array of presentations, technical discussions and meetings. During the program, S&P Global will deliver actionable intelligence centered around investments, digital tools, market fundamentals and sustainability.

“S&P Global’s comprehensive data, expertise and digital tools that will be instrumental as Africa’s energy sector grows from strength to strength. The multi-faceted and increasingly complex nature of the energy sector requires innovative and technical approaches to development, and with insights from organizations such as S&P Global, the continent will be better equipped to expand the industry,” states NJ Ayuk, Executive Chairman of the AEC.

As Technical Partner of AEW 2023, S&P Global will lead the conference’s technical program, with representatives and thought-leaders from the firm delivering forward-looking insights as participants and moderators in various panel discussions. The AEW 2023 technical program offers investors, project developers and governments with the information they need to make informed decision on the African market, and will help facilitate new ideas and deals within the growing sector.

Distributed by APO Group on behalf of African Energy Chamber.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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October 4, 2024

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Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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1 day ago

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October 4, 2024

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PAPSS

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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October 4, 2024

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

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

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