Connect with us
Anglostratits

Business

Promoting equity: Three women who run Nestlé factories in Africa (By Jean Marc Gogbeu)

Published

on

Nestlé

The Nestlé Group, which intends to maintain its leadership and highlight women, has gone well beyond good intentions by choosing to put women in charge of some of its industrial units in Africa

ABIDJAN, Ivory Coast, March 23, 2023/APO Group/ — 

By Jean Marc Gogbeu, Sika Finance for Nestlé (www.Nestle.com

Nestlé has made the promotion of equity one of the pillars of its business operations, by giving women access to opportunities in technical and industrial fields -areas previously considered exclusive to men. This approach is also applied by Nestlé within its subsidiaries in Central and West Africa region, enabling the emergence of new talent. Three women exemplify this ambition.

Do women have the same abilities as men? Can they excel in so-called men’s jobs? More than 40 years after the establishment of Women’s Rights Day, these questions continue to be asked as the hoped-for changes in gender equality are still struggling to materialize in many parts of the world. Nestlé has been present in Africa for decades and is committed to being an actor of this change through various initiatives, particularly within its subsidiaries.

“Our goal is to promote women, enhance their potential in a work environment full of respect and fairness. More diverse teams with more women in leadership make Nestlé an even better company,” explained Mauricio Alarcòn, CEO of Nestlé in Central and West Africa, at this year’s International Women’s Day celebration, which has the theme: “Embracing Equity’’.

“We are actively working on this,” he continued, “because embracing gender equity leads to better decisions, stronger innovation and greater employee satisfaction.”

Recognized for five consecutive years for promoting gender equality, the Nestlé Group, which intends to maintain its leadership and highlight women, has gone well beyond good intentions by choosing to put women in charge of some of its industrial units in Africa: in Angola, Côte d’Ivoire, and Nigeria, offering them positions in technical fields which are not common on the continent, and which have the merit of setting examples.

“We must believe in our dreams”

A graduate of SupAgro in Montpellier, France and IMD in Lausanne, Switzerland, Joëlle Abega-Oyouomi has been the Director of the MAGGI factory in Yopougon, in the west of Abidjan, since 2020. She joined Nestlé Côte d’Ivoire as an intern at the Research and Development Center (R&D), and then honed her skills at the R&D centers in Shanghai, China, and Lausanne, Switzerland, before returning to Abidjan to take up the position of Product Development Manager (of the R&D Center Abidjan) in 2009. Her record of service earned her a promotion in 2015 to Regional Manager of Manufacturing Services in Accra, Ghana, and just one year later, to Director of the Abidjan R&D Center.

More diverse teams with more women in leadership make Nestlé an even better company

“When you are a woman, you face prejudices that imply that your gender would come with constraints that would hinder your ability to deliver expected results or even remain a reliable talent in the long run,” shares the Cameroonian, who knows the group she has been with for over two decades now.

“What is surprising is that in the personal context, women, whether they are mothers, sisters, wives or friends, are known to be strong, hard-working, as well as great advisors. Why should it be any different in a professional setting? We must believe in our dreams. Nothing is impossible for those of us who are willing to learn, grow, perform, and take care of our physical and mental well-being,” she says, knowing that she is a role model for young people looking for female figures in the sciences.

“Women should always aim to excel…”

Julia Atta is another female leader who showcases Nestlé’s commitment to gender equity. A graduate of the University of Science and Technology in Ghana, she joined Nestlé in 2006 as an intern at the Tema factory, before taking over as head of the Mossel Bay Factory beverage production units at Nestlé South Africa in 2021. For her, “women can face challenges in balancing family life and work; for this reason, it is important that their work environment supports their uniqueness”.

Beyond this journey, women’s engagement can help to change things. “It’s important for women to look for opportunities and leverage them. Some career opportunities may not seem to come at the right time in personal life. But, with some adjustments, it is often possible to balance opportunities with other things that matter to one’s personal life. Women should always aim to excel in everything they do,” she says.

“Diversity improves decision making…”

Even when women are able to move up in leadership, beyond competence, they can have an even greater impact in the management of companies. “When there is a good mix of men and women, teamwork tends to be more balanced, helping to develop greater empathy between individuals. Diversity stimulates greater effort from everyone, which improves decision-making,” says Bunmi Etti-Mfon, who has been managing Nestlé’s production units in Agbara, Nigeria, for four years.

For over eight years, Bunmi Etty-Mfon, was responsible for managing the performance of Nestlé factories in West and Central Africa, before taking on the role of head of the MILO production unit in Agbara, one of Nestlé’s biggest businesses in Nigeria, in 2019. She spent just five months there, before taking over the reins of the  plant that produces MAGGI bouillons for millions of consumers in Nigeria.

“Developing a career at Nestlé as a woman and mother has been a rewarding and intellectually stimulating experience for me. I have contributed significantly to the launch of many new products in all categories. I have been involved in projects that have improved the efficiency of various production processes. Today, I continue in this trend, and I am currently leading some incredible initiatives that will increase productivity, reduce costs, and maximize customer satisfaction,” she says.

These three women represent  the changes that can be made to strengthen the leadership teams within companies through diversity and inclusion. “We’ve made good progress in our region toward greater gender equity in our company. We encourage our leaders to support an inclusive workplace, the use of Nestlé’s unique paid parental leave program and innovative flexible work policies. Similarly, we have strengthened mentoring and coaching programs to help women reach their highest potential,” says Fridah Muchina, Head of Human Resources for Nestlé Central and West Africa.

Distributed by APO Group on behalf of Nestlé

Business

Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

Published

on

African Energy Chamber

A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

Published

on

Angola

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

Continue Reading

Business

The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

Published

on

Islamic Development Bank

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

Continue Reading

Trending