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Africa Health Excon: Positioning Africa as the continental hub for health innovation and trade

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2 years ago

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Merck

Merck is actively bringing technical and process expertise with various key African countries and customers to build local manufacturing capabilities

CAIRO, Egypt, June 6, 2022/APO Group/ — 

The Merck (MerckGroup.com) Africa Bureau aims to accelerate the business transformation of the company operations in Africa to ensure sustainable business and create long-term value. Merck has unveiled plans to expand its footprint in Africa through a four-tiered program of awareness, diagnosis, training of healthcare professionals, and treatment access. Merck announced the brand-new Thyroid awareness program: ThyroAfrica to spread disease awareness. Africa Cancer Care program will be launched to enhance colorectal cancer diagnosis across Africa. Merck continues its work in the fight against Malaria and the neglected tropical disease (NTD) schistosomiasis. Merck is actively bringing technical and process expertise with various key African countries and customers to build local manufacturing capabilities.

Merck, a leading science and technology company, announced today its further commitment to Africa, by strategically expanding its access and awareness programs and strengthening the health systems and patients in low- and middle-income countries across the continent. The announcement came today during the Africa Health ExCon from 5th to 7th of June 2022 in Cairo, Egypt.

In this three-day event, stakeholders across Africa are meeting to learn from the worldwide leaders and experts in healthcare, as well as to share and exchange knowledge and experiences with more than 20,000 participants from more than 55 countries. The key objectives of Africa Health ExCon are refocusing on Africa’s investment potential, ensuring equitable access of health technology, the thriving of the health and pharma businesses, and incubating health innovation and trade in Africa.

”Our aspiration is to be one of the leading healthcare partners in sub-Saharan Africa and to work with NGOs and governments to build and strengthen sustainable health systems within it,” said Dr. Karim Bendhaou, Head of Merck Africa Bureau. “The Merck Africa Bureau aims to accelerate the business transformation of our operations in Africa to ensure sustainable business and create long-term value while seeking to balance environmental, social, and governance aspects. Through the four pillars of Private Public Partnership model, we work hand in hand with our stakeholders through various programs to fight counterfeit medicines, to invest in the technology transfer, to support supply chain sustainability and localization, and to decrease fragmentation of the market.’’

During the ExCon, Merck has unveiled plans to expand its footprint in Africa through a four-tiered program of awareness, diagnosis, training of healthcare professionals and treatment access. The company announced their brand-new Thyroid awareness program and upcoming launch of the Africa Cancer Care program in addition to enhancing ongoing initiatives.

Thyroid disease awareness is relatively very low in Africa. The ThyroAfrica program’s objective is to establish a collaborative partnership with the endocrinology & thyroid disease societies in Africa. This aims to increase disease awareness via communication channels for mass reach of around 7 million people and to offer the proper link for TSH (thyroid-stimulating hormone) test.

Merck has unveiled plans to expand its footprint in Africa through a four-tiered program of awareness, diagnosis, training of healthcare professionals, and treatment access

Africa Cancer Care program will be launched by the end of June to enhance colorectal cancer diagnosis across Africa by creating hubs of RAS testing in African countries such as Kenya and Nigeria. The RAS (RAT Sarcoma) test is a gene mutation analysis in colorectal cancer. As a predictive biomarker for the disease, it helps to guide treatment and determine outcomes. This would help to counteract the rising demand for specialist care especially with the existing healthcare facilities that require the scaling of resources. This has led to the rise in medical tourism across the continent, as individuals seek specialised care elsewhere. This is in addition to enhancing access to medication and providing HCP capacity-building programs through high quality trainings to oncologists, pathologists, nurses to support diagnosis and treatment of metastatic colorectal cancer in Africa.

“We will remain fully committed to increase access to innovative medicines across Africa and on ground awareness campaigns in a favour of underserved populations in low- and middle-income countries in Africa through our investments and our innovations in science & technology, together with our external partners,” said Ramsey Morad, Regional Vice-President, Head Middle East, Africa, Turkey & Russia/CIS at Merck Healthcare. “Beyond developing novel treatments, we must address the gaps in awareness, accessibility, affordability and availability of treatment.’’

After having signed a Memorandum of Understanding, Merck and the African Federation for Fertility Societies (AFFS) have been jointly working on an agenda to further develop educational training programs for healthcare professionals, aimed at improving access to high-quality infertility care for patients in Africa. By combining their forces, AFFS has sought support from Merck in order to develop a regional patient awareness campaign to be launched later this year. Additionally, they are hosting a multi-national advisory board to gain insights on educational gaps for healthcare professionals in AFFS member societies in African countries.

Professor Gamal Serour, President of African Federation of Fertility Societies stated that “AFFS welcomes and appreciates collaboration with Merck for the implementation of high-quality care across Africa”.

Merck also continues its work in the fight towards the elimination of the neglected tropical disease (NTD) schistosomiasis towards its elimination as a public health burden. In partnership with the World Health Organization (WHO), we provide up to 250 million tablets of praziquantel per year to treat mainly school-aged children in sub-Saharan Africa (SSA).  Since 2007, Merck has donated over 1.5 billion tablets and enabled the treatment of more than 600 million school-aged children in 47 countries in SSA. To support the elimination of schistosomiasis, Merck have adopted an integrated approach which, beyond medicines, includes health education as well as water, sanitation and hygiene (WASH) initiatives. We also conduct research for new drugs and diagnostics and develop, together with a consortium of partners, a potential new paediatric treatment option for children as of 6 years of age and below.

Since 2015, Merck has also been very active in the fight against malaria through a holistic approach to prevent, control, and eliminate the disease. Examples include our M5717 drug development program as well as the creation of the Pan African Vivax and Ovale Network (PAVON) in over 10 countries, which has led to important policy changes regarding malaria in Botswana.

During the ExCon, Merck aims to strengthen our existing cooperation with the Pharma industry and Medicine & Quality Regulators across the continent in addition to highlighting strategic projects in Africa carried out by Merck’s Life Science business sector. These efforts bring our expertise in touch with various key African countries and research institutes to enable distributed manufacturing of much-needed vaccines, biological drugs, and therapies in African countries. “Our goal at Merck is to support capacity-building of biologics manufacturing and development in Africa,” said Youssef Gaabouri, Head of Sales Middle East & Africa at Merck Life Science BioProcessing. Furthermore, Merck provides expertise to Regulatory Agencies and shares knowledge regarding the use of quality products for audit purposes. In line with the Merck’s commitment to sustainable access to health solutions in low- and middle-income countries, we implement and enhance health access programs through our shared value initiatives, global health partnerships, and access to medicine strategy.

Distributed by APO Group on behalf of Merck.

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Premier Invest Highlights Milestone Oil & Gas Financing Partnership with Shell at Invest in African Energy Reception in London

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15 hours ago

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July 12, 2024

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African Energy Reception

As an African-owned investment banking and advisory firm, Premier Invest is aiming to bridge Africa’s oil and gas financing gap through strategic partnerships in the sector

LONDON, The United Kingdom, July 12, 2024/APO Group/ — 

Rene Awambeng, Managing Partner at investment banking and advisory firm Premier Invest, outlined Africa’s current oil and gas financing gap and strategies for unlocking global capital at the Invest in African Energy reception -organized by the African Energy Chamber (www.EnergyChamber.org) – in London on Thursday. Last month, Premier Invest signed a milestone agreement with Shell to enable access to financing for oil and gas projects across the continent.

The agreement to co-finance and originate oil and gas agreements in Africa aims to drive growth in the oil and gas sector across the continent

Under the strategic partnership, the two companies will collaborate to identify and co-finance oil and gas transactions in Africa that have the potential to generate significant returns, while creating value for local communities and economies.

“The agreement to co-finance and originate oil and gas agreements in Africa aims to drive growth in the oil and gas sector across the continent. We will work together to identify and evaluate potential opportunities in the oil and gas market and leverage our respective expertise to fund projects that have the potential for significant returns. This is a significant step forward in our commitment to support the growth of the sector,” said Awambeng.

The partnership serves to address the persistent lack of FDI on the continent – in which Africa receives only five percent of global investment – placing African countries at a disadvantage when it comes to establishing requisite infrastructure to produce refined petroleum products and increase power generation and distribution capacities. According to Awambeng, 50% of oil product consumption in Africa is met through imports, despite Africa being a net crude oil producer.

“To address these finance challenges, we have put together an African-owned and managed investment banking firm to offer a range of financial advisory services supporting clients across industry to invest in small, medium and large-sized projects… The continent lacks funds to finance its oil and gas projects, as well as needs technology to manage its oil and gas industry,” said Awambeng.

Distributed by APO Group on behalf of African Energy Chamber

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Top 5 Reasons to Attend Angola Oil & Gas 2024

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16 hours ago

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July 12, 2024

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AOG

AOG 2024 serves as Angola’s premier energy event, providing unparalleled opportunities for international investors and stakeholders to gain access to the oil and gas market

LUANDA, Angola, July 12, 2024/APO Group/ — 

Angola’s oil and gas industry is growing rapidly, with a $60 billion investment pipeline planned for the next five years, a 2025 limited tender on the cards and industry reforms offering improved fiscal and contractual terms. The county’s premier industry event Angola Oil & Gas (AOG) connects international stakeholders to the market, serving as a bridge between foreign players and Angolan projects.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Strong International Focus

In recent months, Angola has been strengthening cooperation with various global partners to support oil and gas development. Recent deals include with Italy, the UAE, South Korea, Ivory Coast and many more. These deals and future collaborations are expected to drive project development and innovation in Angola while supporting global demand through Angolan exports.

The 2024 edition of the conference builds on this to bring new players to the market while promoting projects, partnerships and potential investment opportunities. In addition to local and regional delegates, AOG 2024 will feature the participation of delegations from China, the UK, the UAE, Germany, Portugal, Brazil and many more. International companies are invited to participate in the event and seize new opportunities in Angolan oil and gas.

Access Upcoming Projects

Last month, Angola’s national concessionaire for the oil and gas industry the National Oil, Gas & Biofuels Agency (ANPG) announced a series of measures that aim to support crude oil production in Angola. This comes as the country recently awarded oil and gas companies Etu Energias, Effimax Energy and Grupo Simples Oil a new concession for Block CON 8, stipulating an exploration phase lasting five years from the signing of the contract.

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Angola is enhancing cooperation with global players, including IOCs such as Chevron, TotalEnergies, Azule Energy and ExxonMobil, to bring new projects online and maintain hydrocarbon production above 1.1 million barrels per day through 2027. A key component of AOG 2024 is unparalleled access to upcoming projects. Attendees will be given exclusive access to the latest requests for proposals, tenders, market trends, policies and regulations shaping the sector.

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Drive Real Investment

Each year, AOG cements itself as the platform of choice for partnerships, collaborations and multi-billion-dollar deal signings. In 2023, seven industry-advancing deals were signed, laying the foundation for collaboration, market growth and future prosperity. In 2024, this trend is expected to continue as foreign companies travel to Luanda to engage with Angolan companies. The conference’s multi-track program covers the entire oil and gas value chain, providing insight into investment opportunities and strategic projects.

Participate in Exclusive Networking

The AOG 2024 conference serves as an opportunity for local, regional and international delegates to collaborate and discover new avenues for investment. Delegates can connect with top energy investors and executives – from operators, IOCs, NOCs and independents – as well as government officials, industry innovators and financiers to expand their professional network.

The event offers extensive opportunities to network and build meaningful business relationships, including exclusive networking breaks and lunches, the closing Networking Cocktail as well as the Gala Dinner and Awards which recognizes the companies pioneering the oil and gas industry in Angola.

Help Fuel Development

With the recent commencement of construction at Angola’s first integrated economic zone as well as its first aluminum industrial park, the country is on track to accelerate economic diversification and sustainable development. Apart from oil and gas, AOG 2024 is poised to set the benchmark for development in Angola while facilitating a strategic investment hub for various sectors in the country’s public and private sectors.

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Angola continues to provide great opportunities for international investors to develop energy projects that serve local and international energy demand. AOG 2024 targets key initiatives in the country including a heightened exploration drive, gas monetization, local content development and renewable energy and will clearly show Angola’s ambition and future plans for development.

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

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Liberia Showcases Upstream Investment Opportunities at Invest in African Energy Reception in London

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17 hours ago

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July 12, 2024

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African Energy Reception

Ahead of a new licensing round, Liberia is offering incentives for early investors, coupled with extensive 2D and 3D seismic data in its Liberia and Harper basins and a working petroleum system previously established by global majors

CAPE TOWN, South Africa, July 12, 2024/APO Group/ — 

Kicking off the Invest in African Energy (IAE) reception in London on Thursday, Marilyn Logan, Director General of the Liberia Petroleum Regulatory Authority (LPRA), showcased Liberia’s available oil and gas blocks and upstream investment opportunities. The reception served to connect major technical and financial partners to Africa’s energy sector ahead of the African Energy Week: Invest in African Energy conference in Cape Town this November, organized by the African Energy Chamber (AEC) (www.EnergyChamber.org).  

Global investors have been clamoring to Africa’s frontier markets in recent months, with countries like Namibia, Mauritania and Mozambique attracting sizable oil and gas CapEx spending, coupled with a renewed exploration focus in West Africa. Liberia represents a proven petroleum system supported by extensive reprocessed 2D and 3D multi-client seismic data in its Liberia and Harper basins.

“Liberia stands out as a new and exciting destination for oil and gas exploration. Positioned strategically on the West Africa Transform Margin, Liberia shares geological similarities with the Jubilee field in Ghana and [discoveries] in Guyana. We are on the verge of a new decade realizing untapped potential in West Africa, and Liberia is ready to play a pivotal role.” 

Our round is expected to attract serious investors, with Liberia offering incentives for early investment and ensuring the yield of substantial returns

“Many years ago, many thought Namibia was an oil man’s graveyard…Today, there are even more prospects in countries like Liberia. The belief coming out of [London] drove exploration in places like Namibia – Liberia could be a replica of that,” added NJ Ayuk, Executive Chairman of the AEC.

Logan highlighted the role of majors ExxonMobil and Chevron in confirming the presence of a working hydrocarbon system, which has been supported by recent seismic surveys and data reprocessing that show promise of significant reserves. In 2021, the country opened a direct negotiation process for 33 offshore blocks in the Harper and Liberia basins, with plans to launch a new round later this year. 

“Liberia’s upcoming 2024 licensing round provides the opportunity to secure prime exploration blocks. Our round is expected to attract serious investors, with Liberia offering incentives for early investment and ensuring the yield of substantial returns,” said Logan.

In addition to its prospective hydrocarbon resources, Liberia offers a competitive fiscal regime, stable governance and a conducive operating environment. According to Logan, the country has established a fee structure that incentivizes and rewards oil and gas investors with appropriate returns, while still ensuring Liberia retains social and economic benefits from oil and gas extraction activities.  

“On the policy side, the Liberian government has implemented a robust oil and gas program to ensure a conducive environment for oil and gas investments, including a streamlined regulatory process and stable and democratic political environment,” she said. 

“We have to keep an enabling environment – when we enable you to put in money and finance projects, then we both win. The idea of resource nationalism has to go, and also the demonization of the energy industry,” stated Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

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