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African leaders defy lacklustre global economy to forge ahead with digital transformation collaborations

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GITEX

Generative AI, finance, infrastructure development and investment among core theme explorations at Africa’s most impactful leadership conference programme

MARRAKECH, Morocco, May 19, 2023/APO Group/ — 

African ministers, government and private sector leaders are set to converge in a powerful cross-continental forum in Marrakech this month to press on with digital transformation alliances as the tech world reorganises itself in the wake of the global digital upheaval.

Against the biggest market correction in recent years, Africa continues to march onwards to empower and unify a continent on the cusp of transformative ICT growth, with the GITEX Africa Digital Summit the new focal point steering a pursuit of a unified digital vision.

The influential summit will spearhead an inspiring conference programme at the inaugural GITEX Africa 2023 – the largest tech and start-up show in the African continent, taking place from 31 May-2 June – unifying 500-plus policy makers, government heads, investors and academics to explore how technology and connectivity are redrawing the boundaries of sustainable social-economic development for African government, business and society.

H.E. Lacina Koné, the Director General and CEO of Smart Africa – the pan-African organisation driving the continent’s digital transformation agenda – is a headline speaker. Koné said digital technologies offer new avenues for economic growth in Africa by accelerating job creation and talent development, supporting access to public services and increasing productivity and innovation.  However, challenges remain.

“The lack of connectivity in remote and rural regions along with insufficient data protection and high cost of African connectivity have brought new challenges to businesses, governments, and people,” said Koné, who oversees the process of defining Africa’s digital agenda in addition to advancing key continental initiatives. “Intra-governmental cooperation is the key enabler of digital services adoption and acceleration, while mitigating these associated challenges across the African continent.”

Koné will be part of a panel at the GITEX Africa Digital Summit titled: ‘Uniting Towards One African Market’.  He will share how Africa’s leaders are building a secure, resilient and sustainable digital future.  “Agile enabling regulations are needed to quickly respond to market developments, facilitating entry of new competitors for the benefit of consumers in a united African continent,” he said.

The GITEX Africa Digital Summit will arrive amid a remarkable period of African ICT and broadband growth, with statistics showing the continent has the world’s fastest-growing internet population, up by 20 percent in just one year. Africa’s digital economy has become one of the main drivers of cross-continental progress, coupled with strong talent development and a spike in public private sector investments.

Jérôme Hénique, CEO for the Middle East & Africa at Orange, France; Tonny Bao, Vice President of Huawei, China; and Saad Toma, General Manager of IBM MENA, are among the foremost private sector leaders speaking about the critical pathways advancing the continent’s digital transformation missions, from building a more digital and inclusive Africa to exploring the social and economic impacts of 5G, or how AI can drive business transformation and sustainability.

Other headliners at Africa’s most impactful leadership conference programme include H.E. Syed Amin Ul Haque, Minister of Information Technology and Communications in Pakistan; and Babajide Sanwo-Olu the Governor of Lagos Nigeria, who will deliver a keynote address on what is accelerating Africa to become the next Silicon Valley.

The state of play in Africa’s digital economy will be another key discussion point, addressed by H.E. Belete Molla, the Minister of Innovation and Technology in Ethiopia; and H.E. Cina Lawson Minister of Digital Economy and Transformation in Togo.

“I am honoured to be part of the GITEX Africa hosted by Morocco,” said H.E. Molla. “It creates opportunities to governments, innovators and leading experts from around the world to discover new ideas, build new partnerships, and connect with inspiring mentors and investors. It would help Ethiopia to get connected to the global tech space and leading players.”

Accelerating the epic race for African AI dominance

The next wave of digital transformation accelerated by the power of generative AI along with AI’s impact on African societies will meanwhile stimulate curious discussions at a dedicated AI track on day three of GITEX Africa, where the brightest minds and most innovative thinkers share their insights on AI’s ability to revolutionise industries, from agriculture to finance.

Dr. Adel Alsharji, Chief Operating Officer at UAE-headquartered Presight, the Middle East’s leading international big data analytics company powered by AI, will deliver the keynote address on the Societal Impact of Artificial Intelligence.

“The societal impact of AI is multifaceted and far-reaching globally, and it is already reshaping sectors, such as healthcare, finance, agriculture, education, and manufacturing and therefore the way we live,” said Dr. Alsharji.

Ensuring equitable access to technology and bridging the digital divide are crucial steps to prepare for AI’s impact in Africa

“The African continent is showing a speedy AI adoption rate and a readiness to explore and harness the potential of AI for driving economic growth and addressing local challenges, ultimately benefiting the greater good of people.

“As AI advances, we can anticipate further innovation and positive applications. It is crucial, however, to embrace AI responsibly, ensuring ethical considerations are in place as we navigate this transformative landscape.”

Mustapha Zaouini, the Chairman of AI in Africa, will speak on a panel on Responsible Generative AI. He said while Africa has unique challenges such as disparity in internet access, the continent is steadily embracing AI.

“Africa is exploring AI to solve pressing issues like poverty, unemployment, and inequality,” said Zaouini.  “However, readiness varies across countries, and there’s a need to invest in infrastructure, education, and policy-making to fully harness this fast-evolving technology.

“Access to AI technologies can level the playing field so it is essential not to be left aside. Ensuring equitable access to technology and bridging the digital divide are crucial steps to prepare for AI’s impact in Africa.”

Digital cities evolution and plotting the path to a net zero future

With the global push towards a net zero economy, technology’s role in advancing sustainability is more important than ever.

A panel at GITEX Africa’s Digital Cities conference track will explore how technology can advance an African-centric Net Zero agenda, addressed by Dr. Shaoshan Liu, Founder and CEO of PerceptIn in the USA; Mohammed Essaidi, MEA Chairman of the Global Cities Alliance, IEEE in Morocco; Laurent Roussel, President of Francophone Africa & Islands at Schneider Electric; and Gilles Babinet, French Government Representative of Digital Champions Group (EU) in France.

Other preeminent speakers at GITEX Africa include Emmanuel Gadret, CEO of Francophone Africa at Deloitte, who will share his insights into charting Africa’s path to prosperity by unlocking economic and data sovereignty; and Dr. Ray Johnson, CEO of the Technology Innovation Institute in the UAE, who will dive into generative AI’s ubiquitous role in fuelling economic growth.

A historic launch in the world’s next biggest digital economy

The inaugural GITEX Africa will make its historic debut from 31 May-2 June 2023, welcoming more than 900 exhibitors, start-ups, and visiting delegations from 80 countries for three days of intensive outcome-focused public-private sector collaborations in the world’s next biggest digital economy.

More than 250 hosted investors from 34 countries with US$200 billion worth of assets under management will also seek breakthrough technologies and potential African tech scale-up co-investment opportunities.  As the ultimate start-up incubator and magnet for flourishing VC funds, GITEX Africa will deliver an unmatched scouting platform for these investors, of which 70 percent are coming from outside of Africa.

GITEX Africa is held under the High Patronage of His Majesty King Mohammed VI, and hosted by the Digital Development Agency (ADD), the public entity leading the Moroccan government’s digital transformation agenda under the authority of the Moroccan Ministry of Digital Transition and Administration Reform. 

KAOUN International will lead the partnership for this much awaited business endeavour, urging the global tech community to go to Africa, leveraging the power of the trusted GITEX Global brand in Dubai, the world’s largest tech event.

With tech-friendly policies in a continent that is now far more accessible, African investment is rocketing.  Analysts predict the tech market is on track to scale from $115 billion to $712 billion by 2050, while according to Briter Bridges, African start-ups raised a total of US$5.4 billion across 900+ deals in 2022.  Meanwhile, a youthful populace coupled with Africa’s rapid urbanisation is accelerating digital economic growth, with 70 percent of the Sub-Saharan African population under 30 years of age and 45 percent of Africans set to live in cities by 2025.

More information is available at www.GITEXAfrica.com

Distributed by APO Group on behalf of GITEX Africa.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

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

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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