Connect with us

Business

Namibia and Equatorial Guinea Youth-Focused Local Content, Gas Monetization a Boost for Intra-African Energy Growth

Published

on

Energy Growth

Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competitive hydrocarbon producer

JOHANNESBURG, South Africa, January 4, 2023/APO Group/ — 

Namibia, as an upcoming hydrocarbon producer, and Equatorial Guinea, as one of Africa’s top natural gas producers, have taken the lead towards positioning Africa as a globally competitive oil and gas producer, leveraging intra-African partnerships and cooperation to scale up the local workforce.

Following sizable oil and gas discoveries made in Namibia in 2022, the two countries forged an agreement during the Namibian International Energy Conference (NIEC) 2022 that saw four Namibian engineers receive training at the Equatorial Guinea Liquefied Natural Gas (EG LNG) facility. This program has been significant, both for Namibia’s future oil and gas industry and for Africa’s energy sector at large, and the African Energy Chamber (AEC) commends both countries on this bold initiative. 

During the NIEC 2022, Hon. Tom Alweendo, Namibia’s Minister of Mines and Energy, announced the training partnership with H.E. Gabriel Mbaga Obiang Lima, Equatorial Guinea’s Minister of Mines and Hydrocarbons. Hon. Minister Alweendo visited Equatorial Guinea and worked with his counterpart to kick off the training of Namibians.

To date, four Namibian engineers have received training at EG LNG, owned by Marathon Oil, Chevron and the Equatorial Guinean government. In addition to receiving exploration and production training at the facility, the engineers were trained at the associated Methanol Facility and the Turbo Gas Facility at the Punta Europa Complex.  

It is good to see energy companies in Equatorial Guinea taking the lead in the training and development of Namibian youth

The Namibian engineers also received training on various operational matters from British independent Trident Energy, known for operational efficiency and production improvements. Trident is the operator of Block G, which includes the producing Ceiba and Okume Complex fields — made up of six oil fields in the Gulf of Guinea, in shallow and deep water in the Rio Muni basin.

This training has not only signaled a new era of intra-African energy collaboration and partnerships but has opened up significant opportunities for Namibia to position itself as a globally competitive oil producer on the back of south-south cooperation. 

With both countries having placed local content at the center of their developmental strategies, this training initiative marks the start of a new era of hydrocarbon growth in Africa on the back of cooperation and collaboration. Long-term, Equatorial Guinea is committed to establishing itself as a regional energy hub, leveraging ambitious local content initiatives to develop a strong and competitive hydrocarbon market in-country. Similarly, Namibia, at the start of its hydrocarbon journey, has recognized the role local content will play in making energy poverty history while kick starting industrialization and economic prosperity. As such, the country has introduced proactive local content policies, with the Equatorial Guinean training initiative only furthering this agenda.

“It is good to see energy companies in Equatorial Guinea taking the lead in the training and development of Namibian youth. EG LNG, Trident Energy, Chevron, Marathon Oil should be given huge credit, incentive and encouraged to do more. It is important for young Africans. Energy companies are our partners, and we must support them as we push for Namibian energy growth,” stated NJ Ayuk, Executive Chairman at the AEC.

The training initiative followed Shell’s Graff-1 discovery and TotalEnergies Venus discovery made merely weeks apart in February 2022, unlocking up to four billion barrels of recoverable reserves combined. The discoveries were significant, with their associated developments set to double Namibia’s GDP by 2040. Shortly thereafter, the country took a proactive approach to get advanced training from U.S. and regional firms, with the government eager to bring these projects online as soon as possible. In this scenario, Equatorial Guinea emerged as the obvious partner, with the country hosting a suite of global energy majors and large-scale hydrocarbon developments alike.

Owing to sizeable domestic oil and gas reserves, as well as an accelerated drive by the government to monetize regional untapped reserves, Equatorial Guinea has put in motion a series of large-scale projects such as the Punta Europa LNG Terminal – comprising Train 1, producing 3.7 million tons per annum (mtpa) of LNG, and Train 2, set to produce up to 4.4 mtpa once completed – the wider Punta Europa Gas Complex – comprising Methanol and Turbo Gas Facilities – and the Central African Pipeline System. These projects have enabled the country to export gas worldwide, with Equatorial Guinea serving as a key supplier of gas to Europe in the ongoing gas crisis. In this scenario, companies such as Marathon Oil, Sonagas, ExxonMobil and Panoro have been key, and offer Namibia unparalleled insight into developing and operating large-scale projects.

“What Minister Alweendo and Obiang Lima have done should be commended. They have demonstrated the role that intra-African energy cooperation will play in Africa’s energy future. Equatorial Guinea, with its expertise as an oil and gas player, offers Namibia the knowledge and training that the country needs to develop a thriving domestic oil and gas industry. Through this training initiative, both countries have prioritized local content, developing the local industry and getting young people ready to lead oil and gas exploration and production. At the AEC, we are proud to see what Namibia and Equatorial Guinea are doing and want to see more African states following suit,” concluded Ayuk.

Distributed by APO Group on behalf of African Energy Week (AEW).

Business

The Bench rebrands Africa Hospitality Investment Forum (AHIF) as Future Hospitality Summit Africa (FHS Africa) under unified Future Hospitality Summit portfolio

Published

on

At AHIF 2024, over $365 million in deals were signed, further solidifying the event’s role as a catalyst for investment across the region

DUBAI, United Arab Emirates, February 4, 2025/APO Group/ — 

The Bench (TheBench.com), a global leader in hospitality investment events, is rebranding the Africa Hospitality Investment Forum (AHIF) as Future Hospitality Summit Africa (FHS Africa). Doing so brings AHIF, Africa’s most influential tourism investment conference, under The Bench’s flagship Future Hospitality Summit, or ‘FHS’ brand, aligning it with FHS Saudi Arabia and the Dubai-based FHS World. This evolution is a response to a growing appetite for hospitality investment spreading across the whole Middle East and Africa (MEA) region.

For over a decade, AHIF has shaped Africa’s hospitality industry, bringing together global investors, government leaders, and hotel developers to facilitate high-value deals and meaningful discussions, ranging from investment opportunities to government policy and infrastructure developments. The event has catalysed billions of dollars in investment, strengthened regional partnerships, and provided a dedicated space for investors to unlock opportunities in Africa’s rapidly expanding hospitality sector.

The appetite for hospitality investment in Africa has never been stronger. The continent has a record-breaking pipeline of hotel developments, with over 300,000 new ‘keys’ projected by 2030. Cities like Nairobi, Casablanca, Cape Town, and Addis Ababa are leading this transformation, with Nairobi’s Average Daily Rate (ADR) increasing by 164% and Casablanca’s ADR rising by 141% compared to 2019.

Africa’s post-pandemic recovery has outpaced global expectations, with demand exceeding 2019 levels for nine consecutive months. International arrivals are projected to grow by 6-7% annually, reinforcing Africa’s position as an attractive destinatione for hospitality and tourism investment. At AHIF 2024, over $365 million in deals were signed, further solidifying the event’s role as a catalyst for investment across the region.

With Africa’s investment potential gaining global attention, FHS Africa will provide a focused, high-impact platform

Set to take place from 17-19 June 2025 in Cape Town, FHS Africa will provide a highly curated environment where investors, developers, and industry leaders will engage in forward-looking discussions tailored to the region’s opportunities and challenges. Key themes for 2025 will include:

  • Financing Models: Structuring investments to drive sustainable growth in Africa’s evolving markets.
  • Sustainable Investment & ESG: Making environmental and social governance a profitable venture rather than a cost.
  • Cross-Border Collaboration: Exploring policies and infrastructure advancements that can boost intra-African trade and tourism.
  • Branded Residences & Mixed-Use Developments: Understanding the rise of alternative asset classes in hospitality.
  • Technology & Innovation: The role of AI, blockchain, and digital transformation in African hospitality.

While FHS Africa remains, the leading event dedicated to Africa’s hospitality sector, its integration into the FHS ecosystem ensures that African stakeholders benefit from increased exposure at FHS World—the largest hospitality investment gathering in the region. This closer connection allows African markets to be positioned within a broader investment context, attracting more international capital, expertise, and strategic collaboration.

With its status as a global hub, Dubai serves as the operational headquarters for many international corporations, including The Bench, and plays a pivotal role in fostering investment into African markets. The city offers over 50 daily flights to major African destinations, enhancing accessibility for investors and business leaders alike. Dubai’s position as a financial and innovation hub makes it an ideal launchpad for deeper engagement with Africa’s growing tourism economy.

The FHS portfolio unites the hospitality sector’s most influential meetings under one roof. By consolidating its flagship events, The Bench enhances the industry’s ability to connect major stakeholders, drive investment, and foster cross-market collaboration. The presence of the world’s leading hotel groups, investment firms, and policymakers at all FHS events underscores its role as the premier hospitality investment network in the region.

“This transformation marks a pivotal moment for The Bench and the African hospitality sector,” said Matthew Weihs, Managing Director of The Bench. “With Africa’s investment potential gaining global attention, FHS Africa will provide a focused, high-impact platform, while FHS World ensures that African markets are showcased on the biggest investment stage. The synergy between these events will accelerate deal-making, policy engagement, and long-term industry growth.

He concluded: “With the launch of FHS Africa in 2025, The Bench is reaffirming its commitment to shaping Africa’s hospitality future through knowledge-sharing, investment facilitation, and strategic partnerships. As the industry continues to evolve, this rebranding ensures that stakeholders receive a more structured, globally integrated experience—designed to unlock Africa’s full potential as the next major frontier for hospitality investment.”

Distributed by APO Group on behalf of The Bench.

Continue Reading

Business

Canon places in top 10 for 41 years running in United States (U.S.) patent ranking and ranks first for the 20th consecutive year among Japanese companies

Published

on

Canon

The United States, with its concentration of high-tech companies and its large market scale, is a particularly important region in terms of business expansion and technology alliances

DUBAI, United Arab Emirates, February 3, 2025/APO Group/ — 

In 2024, Canon (Canon-CNA.com) ranked ninth in the number of patents registered in the United States Patent and Trademark Office (USPTO), placing it in the world’s top 10 for 41 consecutive years, according to IFI CLAIMS Patent Services, a US-based patent research firm. Moreover, Canon ranked first among Japanese companies for the 20th consecutive year.

Canon emphasizes the importance of obtaining patents not only in Japan but also internationally. It promotes patent filing based on regional business strategies, as well as technology advancement and product trends. The United States, with its concentration of high-tech companies and its large market scale, is a particularly important region in terms of business expansion and technology alliances.

Top 15 companies by number of US patents obtained in 2024*

RankPatent holderNumber of patents
1Samsung Electronics Co Ltd6,377
2Taiwan Semiconductor Manufacturing Co TSMC Ltd3,989
3Qualcomm Inc3,422
4Apple Inc3,082
5Huawei Technologies Co Ltd3,046
6LG Electronics Inc2,768
7Samsung Display Co Ltd2,596
8International Business Machines Corp2,465
9Canon Inc2,329
10Google LLC2,054
11Intel Corp1,931
12BOE Technology Group Co Ltd1,870
13Micron Technology Inc1,796
14Toyota Motor Corp1,779
15Microsoft Technology Licensing LLC1,707

*Numbers of patents based on figures released by IFI CLAIMS Patent Services (as of January 15, 2025).

Canon makes maximum use of its intellectual property portfolio to enhance corporate value by supporting the evolution of management and business while examining various environmental changes to foresee future social and economic trends. In addition to focusing on the acquisition of intellectual property rights related to core business competencies, Canon devotes significant resources to the acquisition of intellectual property rights that anticipate future developments, including those related to versatile technologies in such fields as AI and IoT, industry standards, and the environment, to create new businesses. Leveraging its intellectual property portfolio, Canon is working to boost its business expansion by securing both its current competitive advantage and the freedom to conduct business in the future, while obtaining licensing revenues to compensate development costs.

Canon will continue its intellectual property initiatives with the goal of supporting its businesses, providing products and services with higher added value, and contributing to a better society.

Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).

Continue Reading

Business

Former Africa Finance Corporation (AFC) Executive Board Member Sanjeev ‘SG’ Gupta, Joins APO Group as Senior Advisor to the Founder and Chairman

Published

on

Sanjeev-Gupta

Mr Gupta will collaborate with APO Group to advise African leadership on crafting and implementing coherent, well-articulated communication strategies that are aligned to their strategic goals and development priorities

JOHANNESBURG, South Africa, February 3, 2025/APO Group/ — 

APO Group (www.APO-opa.com), the award-winning pan-African communications consultancy and press release distribution service, is pleased to announce the appointment of Sanjeev ‘SG’ Gupta as Senior Advisor to its Founder and Chairman, Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com). In this role, Mr Gupta will assist APO Group in guiding African governments and corporations to harness the power of public relations and strategic communication to attract vital investments, amplify their competitive advantages, and unlock their growth potential. His experience will be invaluable in developing compelling and globally resonant narratives that not only highlight the unique opportunities but also inspire investor confidence and foster an environment primed for sustainable growth.

This strategic relationship highlights APO Group’s commitment to furthering its impact on the African continent by empowering African governments and the private sector to create coherent branding and communication strategies that is recognised internationally as a balanced and constructive argument on African realities and opportunities.

Gupta brings over three decades of distinguished experience in finance and investment, particularly within African markets. As the former Executive Director of Financial Services at the Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution, Gupta played a pivotal role in shaping Africa’s infrastructure and economic development landscape. During his tenure, AFC raised well over USD 10 billion from diverse funding sources and maintained an A3 investment-grade credit rating during what has been another decade of extreme turbulence and an enhanced risk environment for the continent. The Treasury team under his guidance was named “Best Supranational Treasury & Funding Team of the Year”. 

APO Group’s dedication to showcasing Africa’s potential resonates deeply with my own commitment to fostering sustainable development and investment across the continent

Mr Gupta has been a vocal advocate for integrating climate considerations into investment decisions, promoting sustainable development, and through his academic interests has nurtured young professionals globally to understand and appreciate the African relevance to global challenges better. 

A powerful orator and a passionate campaigner for a fair role for Africa on the global stage, he has been particularly successful in structuring significant investment flows into Africa along with African domestic capital to provide equitable returns to both private and public investors on transformational projects on the continent. 

Gupta has consistently highlighted that unlocking Africa’s demographic dividend is a vital priority, alongside the need for the continent to firmly establish itself as a leading source of solutions to critical global challenges.  

Nicolas Pompigne-Mognard, Founder and Chairman of APO Group, said: “Sanjeev’s extensive experience and visionary leadership in African finance are truly unique as we seek to work together to amplify the continent’s stories on the global stage. His expertise and extensive network will be instrumental in advancing APO Group’s mission to promote positive and impactful narratives about Africa.” 

Speaking on his new role, Gupta stated: “I am delighted to join APO Group and collaborate with Nicolas and his exceptional team. APO Group’s dedication to showcasing Africa’s potential resonates deeply with my own commitment to fostering sustainable development and investment across the continent. I look forward to contributing to APO Group’s efforts to ensure Africa is heard and accurately understood by all relevant stakeholders, so that both the African voice and the critical role it must play in building a better world are fully embraced and acted upon”. 

Distributed by APO Group on behalf of APO Group.

Continue Reading

Trending