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African Energy Chamber (AEC): Senegalese President Macky Sall has Set a Bold Energy

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Macky Sall

Resilient in his approach to a pro-energy growth agenda, President Macky Sall has accomplished a lot and empowered the energy industry

JOHANNESBURG, South Africa, March 20, 2024/APO Group/ — 

Senegalese President Macky Sall’s 12-year tenure is set to come to an end on April 2 this year. As he leaves his term in office, he also leaves behind a legacy of economic growth and development, and other African states stand to learn from his pro-energy growth approach. As the voice of the African energy sector, the African Energy Chamber (AEC) commends the work undertaken by President Sall to strengthen the Senegalese economy. The President remains a close friend of the AEC and of Africa.

President Sall’s tenure was defined by a commitment to making energy poverty history through the development of resources and investment into every segment of the country’s economy. Unashamed in his approach to supporting industrialization and energy access, President Sall laid the foundation for all forms of energy to be developed. Under his leadership, the country has seen success after success. He has defended the African oil and gas sector, and has put Senegal on the path towards prosperity.  

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Senegal is on track for first gas production from the first phase of the Greater Tortue Ahmeyim (GTA) development by Q3 this year. The project is currently 92% complete and the FPSO vessel is expected to be on site soon. The first phase will produce 2.3 million tons of gas per year and is being developed by global energy majors bp and Kosmos Energy in collaboration with Senegalese national oil company Petrosen and its Mauritanian counterpart and Societe Mauritanienne des Hydrocarbures.

Meanwhile, the country’s inaugural oil development – the Sangomar oilfield project – is 95% complete and is expected to start production between May and July 2024. The FPSO vessel arrived at the project site in February 2024. The project’s production capacity is 100,000 barrels per day and it is being developed by oil and gas company Woodside Energy in collaboration with Petrosen.

The success of these projects has already laid the foundation for a wave of new developments offshore Senegal. Serving as one of the world’s largest gas discoveries in recent years, Senegal’s Yakaar-Teranga development holds an estimated 25 trillion cubic feet of natural gas reserves. Kosmos Energy is set to develop an LNG facility for the project, with a capacity to produce 550 million cubic feet of gas per day. Currently, the concept for the LNG facility is being finalized. Kosmos Energy assumed operatorship of the Yakaar-Teranga project in 2023, thereby strengthening its presence in the country’s offshore gas sector.

Senegal was also recently granted observer membership status within the Gas Exporting Countries Forum, marking its entry into the esteemed organization. Signaling the future role the country will play in global gas markets, the milestone showcases a commitment by Senegal to industry collaboration.

“President Sall’s commitment to development is clear through the achievements seen across the country’s oil and gas industry. Spearheading collaboration with regional government and international partners, President Sall has made Senegal’s business environment both attractive and competitive, and now, the country is well positioned to drive long-term and sustainable growth, driven by oil and gas,” stated NJ Ayuk, Executive Chairman of the AEC.

To maintain development momentum, the country is inviting global and regional E&P companies to invest in exploration, with seismic data and studies available to support offshore drilling. According to Petrosen, Senegal currently has 16 offshore blocks and 5 onshore blocks available, with hydrocarbon discoveries having already been made in some. Senegal offers competitive fiscal terms for operators and has emerged as one of the most attractive oil and gas investment destinations owing largely to efforts by President Sall.

Beyond the oil and gas industry, Senegal has seen a strong pipeline of renewable energy and power generation projects kick off. With some of the lowest energy prices in Africa, the country is committed to achieving universal access to electricity by 2025, and various projects are underway to achieve this. A focus on gas-to-power is poised to enhance generation capacity, led by projects such as the Cap des Biches combined-cycle power project (300 MW). The country’s first utility-scale wind project – the 158 MW Taiba N’Diaye wind farm – is also responsible for 15% of the country’s electricity output.

“President Macky Sall has been unashamed about supporting Africa’s development and it has been an honor working with him and following his pro-growth energy agenda. Thanks to his leadership, Senegal is emerging as an energy champion. His years of service to both Senegal and Africa have been amazing. He will go down in history as one of the greatest African leaders of our time,” added Ayuk.

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

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

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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.

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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

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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).

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

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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.

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