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Algeria Unveils Six Onshore Blocks to Upstream Investors

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Algeria

Algeria’s National Agency for the Valorization of Hydrocarbon Resources showcased six high-potential onshore licensing opportunities and extensive data packages at African Energy Week: Invest in African Energies

CAPE TOWN, South Africa, November 10, 2024/APO Group/ — 

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) presented six onshore conventional licensing opportunities at African Energy Week: Invest in African Energies on Thursday. 

The six high-potential opportunities consist of a mix of exploration, development and export opportunities and are open to competitive bidding. The round is part of a five-year licensing plan designed to attract global upstream investors and leverage more than 20 opportunities in Algeria.

Following the launch of the licensing round on October 14, access to the tender documents and data packages will open on November 26. The deadline for bid submissions is April 15, 2025, followed by the evaluation and awarding of bids.

The six opportunities span a cumulative perimeter size of 152,000 km², supported by over 102,000-line km of 2D seismic data and more than 45,000 km² of 3D seismic data. Potential bidders will have access to Perimeter Conditioned Data Packages and Evergreened Data Packages during the data access period, which runs from November 26, 2024, to April 1, 2025. To submit a bid, participants must prequalify with ALNAFT and acquire the necessary tender documents.

Today, we have more than 240 discoveries waiting to be developed

The presentation was followed by a Fireside Chat featuring ALNAFT and the Hydrocarbon Regulatory Authority (ARH), which highlighted the advantages of investing in Algeria’s oil and gas sector. In addition to being one of the most established markets with strong geological potential, Algeria offers an attractive regulatory framework and various vehicles for partnerships with international oil companies (IOCs).

“We have been working with IOCs for more than 35 years and never had a problem with contract sanctity. In Algeria, a contract is a holy document,” said Mourad Beldjehem, President of ALNAFT. “We previously had one type of contract for partnership, and now we have three: production-sharing, concession and risk services contracts.”

Algeria is seeking increased upstream investment and capital to drive new exploration activities, while prioritizing broader goals such as energy access, infrastructure development and local content.

“We need more exploration. Today, we have more than 240 discoveries waiting to be developed. We need to make more discoveries to increase our reserves. We are looking for companies who are strong in exploration,” said Beldjehem.

“Africa’s energy priorities are essential to stimulate socioeconomic development – universal access to energy, modernizing existing infrastructure and local capacity building and training to sustain African projects,” said Rachid Nadil, President of ARH.

Distributed by APO Group on behalf of African Energy Chamber.

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Invest Africa and Premier Invest Announce Strategic Partnership to Catalyse Investment in Africa

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This partnership will leverage key events for the global Africa-focused investment community, bringing together investors and corporates who are committed to the continent’s progress

LONDON, United Kingdom, November 13, 2024/APO Group/ — 

Invest Africa (www.InvestAfrica.com), the leading pan-African business platform, is proud to announce a strategic partnership with Premier Invest, a global investment conglomerate, aimed at driving transformative investment into Africa. This collaboration is set to identify and unlock new avenues for growth, innovation, and sustainable development across the continent through a series of targeted engagements, including The Africa Debate in London and the UAE, as well as Invest Africa’s Mining Series, held alongside the annual Mining Indaba conference.

This partnership with Invest Africa marks a significant milestone for Premier Invest as we seek to deepen our engagement in Africa and other emerging markets

As Africa stands on the brink of a new era of economic transformation, this partnership will leverage key events for the global Africa-focused investment community, bringing together investors and corporates who are committed to the continent’s progress and prosperity.

Chantelé Carrington, CEO of Invest Africa, commented on the partnership: ”Africa is entering a pivotal phase of economic transformation, and ensuring that the right investment and expertise are directed to the continent is crucial. Our partnership with Premier Invest is a great step towards this objective. By tapping into our expansive network, strategic communications, and robust events programme, we look forward to working alongside Premier Invest to channel the much-needed investment flows that will drive Africa’s growth.”

Rene Awambeng, Managing Partner of Premier Invest, added: “This partnership with Invest Africa marks a significant milestone for Premier Invest as we seek to deepen our engagement in Africa and other emerging markets. Invest Africa’s unrivalled network and market insights will be invaluable as we work together not only to identify and capture high-growth opportunities but also to contribute meaningfully to the economic development of the regions we serve, particularly across Africa.”

This partnership exemplifies the shared commitment of Invest Africa and Premier Invest to harness the full potential of capital in Africa and beyond. By uniting our strengths, we are laying the groundwork for transformative investments that will fuel economic growth and development for years to come.

Distributed by APO Group on behalf of Invest Africa.

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Apex Announces Strategic Partnership with Dematic to Revolutionise Warehouse Automation in Southern Africa

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This collaboration aims to address the growing demand for high-quality, efficient logistics solutions across Southern Africa, enabling businesses to streamline their operations

JOHANNESBURG, South Africa, November 13, 2024/APO Group/ — 

Apex (www.Apex-rts.co.za), a Southern African leader in warehouse management and automation solutions, has entered a strategic partnership with Dematic, a leading global provider of automated material handling systems and software. The partnership allows Apex to represent Dematic in the region, offering clients internationally renowned automation and software solutions, backed by local expertise. This collaboration aims to address the growing demand for high-quality, efficient logistics solutions across Southern Africa, enabling businesses to streamline their operations with world-class technologies.

“Partnering with Dematic is a natural extension of our long-standing relationship, and we are thrilled to expand our offering with their advanced automation solutions,” said Alan Richard, Director of Apex. “This partnership enables us to provide our clients with the best-in-class international products, supported locally with our deep knowledge of the African market. Together, we are poised to create innovative, scalable solutions that meet the needs of businesses in this region.”

This partnership enables us to provide our clients with the best-in-class international products, supported locally with our deep knowledge of the African market

This partnership will not only enhance Apex’s current offerings but also open new market opportunities. Both companies are committed to achieving significant market share growth over the next three years, with a robust sales plan currently in development. The partnership will also include joint marketing initiatives and client roadshows to demonstrate the combined value of Apex and Dematic’s solutions.

Benefits for Clients and Market Impact

This partnership offers clients across Southern Africa access to world-class technologies that optimise supply chains, reduce costs, and improve warehouse efficiency. With Apex’s local expertise and Dematic’s international standards, the collaboration is set to deliver advanced automation solutions tailored to the region.

Michael Bradshaw, Vice President of Solutions Development at Dematic, commented, “Partnering with Apex allows us to tap into a growing market and leverage their understanding of local business needs. By combining this with Dematic’s advanced automation solutions and global expertise, we will enable local businesses to undertake supply chain automation projects, from small to large, with confidence.”

Distributed by APO Group on behalf of Apex Real-Time Solutions.

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Orange announces the winners of the 14th edition of the Orange Social Venture Prize in Africa and the Middle East (OSVP)

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5 of the 1,600 candidates from 17 countries won awards at the international ceremony

CASABLANCA, Morocco, November 12, 2024/APO Group/ — 

The winners of the 14th edition of OSVP, which recognizes and supports startups whose technological solutions have a positive social impact in Africa and the Middle East, were announced at the international ceremony. The event took place at the Royal Mansour in Casablanca and was attended by many prominent guests, including Christel Heydemann, CEO of the Orange Group, Jérôme Hénique, CEO of Orange Africa and Middle East (www.Orange.com), as well as Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment and Skills.

Since 2011, OSVP has been at the heart of Orange’s strategy to contribute to the development of the entrepreneurial ecosystem and the inclusive growth of the countries where the Group operates in Africa and the Middle East. Most of the proposed solutions address issues critical to community development, such as education, health, agriculture, the environment, and e-commerce.

5 of the 1,600 candidates from 17 countries won awards at the international ceremony. This was the first time in OSVP’s history that the ceremony was held in Morocco.

For the International Grand Prize, which recognizes the top three technology-based projects with a social or environmental impact, the winners are:

  • 1st prize of €25,000: SAVEY (Morocco) – SAVEY is a digital and logistics solution to combat food waste. It is a real-time gateway between unsold inventory from manufacturers, big box stores, corner stores and consumer demand.
  • 2nd prize of €15,000: WeFix (Tunisia) – WeFix offers a digital solution to help individuals and businesses sustainably manage their electronics and appliances from start to finish.
  • 3rd prize of €10,000: Cocoa Shield (Côte d’Ivoire) – Cocoa Shield provides a solution that combines artificial intelligence with Internet of Things (IoT) devices to monitor and track cocoa crops and combat the diseases that affect them.

For the special prizes, the winners are:

  • For the €20,000 International Women’s Prize, which is awarded to a startup whose high-impact project is led by a woman: MyTindy (Morocco) – MyTindy is an online platform that connects artisans with customers around the world, enabling them to sell their products directly and autonomously.
  • For the €10,000 Coup de Cœur prize, which is awarded to a project that stands out for its originality: Intella (Egypt) – Intella offers a solution that bridges the gap between global advances in artificial intelligence and the Arabic-speaking world through one of the world’s most accurate multi-dialect Arabic speech-to-text transcription engines.

Since the program’s inception, nearly 15,000 applications have been received and more than 500 entrepreneurs have been supported and rewarded, including about a hundred internationally.

With a focus on high-impact, sustainable innovation, the 14th edition certainly delivered on its promises and highlighted the growing contribution of women to the entrepreneurial ecosystem in Africa and the Middle East. OSVP winners in the 17 countries will receive support from Orange Digital Centers in Africa, the Middle East and Europe, with hopes of taking their business beyond the borders of their respective countries.

Distributed by APO Group on behalf of Orange Middle East and Africa.

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