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Applications open for the fifth annual $100,000 GoGettaz Agripreneur Prize Competition

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GoGettaz

The competition will culminate in an exciting final pitch contest live on stage at the AGRF Summit to be held this year in Dar es Salaam, Tanzania, in September

NAIROBI, Kenya, May 8, 2023/APO Group/ — 

Youth-led African agrifood businesses are back in the spotlight as Generation Africa rolls out the 2023 edition of the Gogettaz Agripreneur Prize Competition (https://GoGettaz.Africa). Applications are open from 8 May to 19 June 2023. The competition will culminate in an exciting final pitch contest live on stage at the AGRF Summit to be held this year in Dar es Salaam, Tanzania, in September. Two young African entrepreneurs, one man and one woman, will be awarded a game changing US$50,000 each to accelerate their journey to scale.

Generation Africa is commemorating its fifth birthday and over the last half-decade, the GoGettaz Agripreneur Prize Competition has established itself as the biggest, annual agripreneurship competition in Africa. By identifying and supporting innovative, high-potential agribusinesses, Generation Africa aims to inspire millions of youths to pursue a career in the fast-evolving agrifood sector. The organisation’s support efforts continue to grow and include a bespoke Generation Africa Fellowship Programme (GAFP), specially curated scholarship opportunities, advocacy platforms and more.

“Agripreneurship is the biggest, most important opportunity in Africa. Especially with the power of emerging technologies in the sector, we want African youth to grab this opportunity with both hands,” said Dickson Naftali, Head of Generation Africa. He emphasised, “A strong, African-led agrifood sector is our best hope for a prosperous continent without hunger and malnutrition; but we must develop our agrifood sector better, more sustainably, and more responsibly.”

The competition is open to all African agripreneurs between the ages of 18 and 35, who are the founders or co-founders of innovative and scalable agrifood businesses. With top mentors, a network of global industry leaders, and a growing community, the GoGettaz Agripreneur Prize Competition seeks to fast-track the growth of agribusinesses with the potential to ensure food security and provide dignified employment. Applicants must be citizens of an African country, and their business headquarters must be in Africa. For more information and to enter the competition, applicants can go to: http://GoGettaz.Africa.

After the semi-final process, twelve finalists will be invited to pitch their businesses to a panel of expert judges. Finalists will also be given facilitated access to the AGRF Agribusiness Deal Room to grow their network with potential investors, partners, and collaborators. The award ceremony will also take place at the AGRF Summit. Beyond the two US$50,000 grand prizes, additional Impact Awards of US$2,500 each will be awarded to four innovative businesses who make a positive social and environmental impact by contributing to climate-preneurship, food security, poverty reduction, and/or job creation in their communities.

Dr. Agnes Kalibata, President of AGRA, said, “In just five years, the GoGettaz Agripreneur Prize Competition has become a critical platform for identifying and supporting young African entrepreneurs who are boldly launching businesses in the agrifood sector. In the process they are creating wealth for themselves and their families and driving economic growth on the continent. We are excited to see the innovative and scalable solutions that the next generation of agripreneurs will bring to the table.”

Svein Tore Holsether, President and Chief Executive Officer of Yara International and Generation Africa Co-Founder and Ambassador, commented, “In order for Africa and the world to achieve a nature-positive food future, capacity-building and empowerment of farmers and agri-entrepreneurs – especially women and young people – is critical.  Generation Africa and the GoGettaz Competition play a vital role in helping to support this continent’s best and brightest who are contributing to regional and global, sustainable food security.”

Generation Africa Co-Founder, Strive Masiyiwa, Founder and Executive Chairman of Econet Group and Cassava Technologies, remarked, “When Svein Tore and I first talked about engaging youth in Africa’s agrifood sector, we hadn’t yet faced a global pandemic or huge disruptions in the food supply chain. As the fastest growing demographic on earth, our young African entrepreneurs are now imagining new agribusiness models, harnessing the power of agritech and innovative food science technologies to create new markets and prosperity. They’re remarkable. A long way to go but the aim is for Africa to be a net food exporter, not the other way around!” 

Dickson Naftali added, “The agrifood sector is the key: jobs, food security, cutting-edge technology, professional growth, resilient communities, even mitigating the effects of climate change. When our young people believe in the potential this industry holds for them, Africa will be transformed. It is very dynamic.”

The GoGettaz Agripreneur Prize Competition has become a cornerstone in the African agrifood space. This year’s campaign is calling for entries from young entrepreneurs on Facebook (https://apo-opa.info/3pl0UwB), Instagram (https://apo-opa.info/3M52QlC), Twitter (https://apo-opa.info/3LJDkRn), and LinkedIn (https://apo-opa.info/42vNM5V), and goes live along with the annual survey (https://apo-opa.info/42B078Q), a valuable tool to align and motivate stakeholder engagement and programme focus. With the support and expertise of its founders and partners, Generation Africa is excited to lead even more youth to scale in 2023. Applicants can visit http://GoGettaz.Africa to enter the competition.

Generation Africa Co-Founders:

African Development Bank Group: https://www.AfDB.org/ 

AGRA: https://AGRA.org/

The competition is open to all African agripreneurs between the ages of 18 and 35, who are the founders or co-founders of innovative and scalable agrifood businesses

The AGRF:  https://AGRF.org/

Bayer:  https://apo-opa.info/3p9D3j6

Corteva Agriscience: https://www.Corteva.com/

Econet: https://www.EconetAfrica.com/

Heifer International:  https://www.Heifer.org/ 

Norwegian Agency for Development Cooperation: https://www.Norad.no/

Southern African Confederation of Agricultural Unions: http://www.SACAU.org/

Syngenta Foundation for Sustainable Agriculture: https://www.SyngentaFoundation.org/

U.S. Agency for International Development: https://www.USAID.gov/

Yara International: https://www.Yara.com/

Generation Africa Collaborators:

Nourishing Africa https://NourishingAfrica.com/

One Young World https://www.OneYoungWorld.com/

Trello Boardhttps://apo-opa.info/3B4BqG8

Distributed by APO Group on behalf of GoGettaz Agripreneur Prize.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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PAPSS

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

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

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