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Africa’s Business Heroes Builds Out Vibrant Ecosystem of Partners and Judges

Entrepreneurs and small business owners will have until June 6 to apply for this year’s edition

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Business-Heroes

Entrepreneurs and small business owners will have until June 6 to apply for this year’s edition

KIGALI, Rwanda, May 25, 2022/ — The Africa’s Business Heroes (ABH) prize competition (https://AfricaBusinessHeroes.org) has expanded its ecosystem of partners and judges for its 4th edition. With a more robust partner and judge network in place, the ABH program will be able to better fulfil its mission of spotlighting and supporting entrepreneurs from all industries across the continent.  

Entrepreneurs and small business owners will have until June 6 to apply for this year’s edition. ABH is one of the Jack Ma Foundation’s flagship philanthropic programs. The official slogan for 2022, “It’s African Time”, is a bold call to action to all talented African entrepreneurs who are challenging stereotypes associated with “African time” – creating local impact and building a better, more inclusive future through their businesses.

ABH continues to deepen its partnership with anchor partners – The Room (www.TheRoom.com) (an initiative of the African Leadership International), SA Innovation Summit (SAIS) (https://InnovationSummit.co.za), RiseUp (www.RiseUpsummit.com), VC4A (https://VC4A.com/) and Ashesi (www.Ashesi.edu.gh). Alongside its anchor partners, ABH will provide applicants with a range of training and talent development programs.

Africa's Business Heroes - Application Deadline 6th June - Hurry Up

ABH has also increased its pool of channel partners to influential stakeholders in Africa’s entrepreneurial ecosystem. These partners will bolster the program’s efforts in finding Heroes across Africa as well as providing participants with additional resources and support. The channel partner pool now includes African Management Institute (AMI) (https://AfricaBusinessHeroes.org), African Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org), AfriLabs (https://Afrilabs.com/), Briter Bridges (https://BriterBridges.com), Disrupt Africa (https://Disrupt-Africa.com), ImpactHub Dakar (https://Dakar.ImpactHub.net), MEST Africa (https://Meltwater.org), Moroccan Center for Innovation and Social Enterprise (MCISE) (https://www.MCISE.org/) and Seedstars International (https://www.Seedstars.com).

  • “AfriLabs is committed to supporting programmes and interventions targeted at enabling entrepreneurs, creating a conducive environment for ventures to thrive while stimulating economic growth and social development in Africa. Through this partnership with ABH, we will leverage our Pan African community to scout business heroes from across the continent to stand a chance to be one of the finalists.” – Anna Ekeledo, Executive Director of AfriLabs
  • “Disrupt Africa is happy to partner with Africa’s Business Heroes and play a part in helping early-stage tech startups on the continent access vital funding and support. We will utilise our network and reach to ensure this valuable opportunity gets in front of as many founders as possible.” – Tom Jackson, co-founder of Disrupt Africa.
  • “In partnering with Africa’s Business Heroes, the Moroccan Center for Innovation and Social Entrepreneurship (MCISE) aspires to convey one of the best international and African opportunities to its community and beyond. This endeavor draws on the MCISE’s previous efforts since 2012 to foster social entrepreneurship in Morocco and provide an opportunity for Moroccan entrepreneurs to broaden their projects to a continental scale.” – Nafaa Hanane, Communication and Marketing Manager of MCISE.
  • “At Seedstars, our mission has always been to create a positive impact in emerging markets, so this partnership with ABH is something our team is excited about. The African startup ecosystem is beaming with opportunities and we’re thrilled to be one of the organizations helping further enable its growth.” – Lina Ng’inja, Head of Partnerships in Africa for Seedstars.
  • “The African Management Institute (AMI) is one of the leaders in business learning across Africa. We believe that skilled people build thriving businesses, thriving businesses create quality jobs, and quality jobs drive prosperity and dignity. That is why are very excited about our new partnership with Africa’s Business Heroes, an initiative of the Jack Ma Foundation. Behind each thriving business is a hero and team of people growing Africa’s economy and prosperity, one success at a time,” said – Patricia Maina, Partnerships & Gender Lead at AMI. “AMI and ABH’s missions are uniquely aligned, and together, we are committed to enabling ambitious African entrepreneurs across the continent to thrive, turning Africa’s business heroes into Africa’s business superheroes.”

Ventureburn, Ventures Africa and AfterSchool Africa will also support ABH’s efforts in amplifying the ongoing call for applications. In addition, ABH is expanding its community of Judges who will help narrow down applications received to the Top 50, Top 20 and Top 10.

ABH Judges currently include senior professionals from companies such as Facebook, Mastercard, Liquid Intelligent Technologies, VC firms as well as established entrepreneurs such as Dr. Anino Emuwa of Avandis Counslting and Rafeh Saleh of Cubit Ventures. Seasoned entrepreneurs, VCs, academics and business professionals from all sectors are invited to join the ABH community of judges here (https://AfricaBusinessHeroes.org).

Current judges reflected on their experience with ABH and are encouraging others to join ABH as fellow judges.

  • “Being an ABH judge was an exciting, inspiring, and humbling experience for me. I learned a lot and it was a great opportunity to share my knowledge and expertise with the applicants and my fellow judges. Most of all, it was an honour to watch and support such committed change-makers across the continent, they are all true heroes,” says Adaora Ikenze, Head of Public Policy, West Africa at Facebook.
  • “Exceptional young entrepreneurs and fresh ideas! Judging and mentoring through ABH is a great way to give back, while also learning about new trends and business models emerging throughout the continent,” says Matthew Grollnek, Consultant – Venture Fund Lead, Mastercard Foundation.

ABH is currently calling for all entrepreneurs, start-ups and business owners across the continent and every sector, age group, and gender to submit their application – in either French or English – for a chance to become one of the Top 10 finalists. Applicants for this year’s ABH competition (https://AfricaBusinessHeroes.org) have less than three weeks to throw their hats in the ring for their chance to win a share of the US$1.5 million grant. To date, the competition has already attracted applications from all 54 African countries for the third consecutive year.

In addition to a cash grant, applicants will also gain access to mentoring, networking, and publicity opportunities for their ventures. All applicants also have access to training and scaling opportunities across a vast range of business disciplines in the form of webinars, presentations, and events.  They can also take advantage of the competition’s ABH Community Lead program, which gives them access to Heroes from the competition across the years.

To apply to the 2022 Africa’s Business Heroes competition, enter your application on ABH’s official site (https://bit.ly/3Ngq1rT). You can also follow Africa’s Business Heroes (ABH) on LinkedIn (https://bit.ly/36KuX7A), Twitter (https://bit.ly/3wBUV7S), Facebook (https://bit.ly/37NRKQb) and Instagram (https://bit.ly/358i5Ye).

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH).

 

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Genesis Energy Chief Executive Officer (CEO) to Discuss Energy Expansion at Congo Energy & Investment Forum

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Genesis Energy

Akinwole Omoboriowo II will discuss Genesis Energy’s plan to deliver 10.5 GW of power across Africa, highlighting how Nigeria’s power sector experience can inform the development of the Republic of Congo’s domestic energy grid and gas export potential

BRAZZAVILLE, Republic of the Congo, January 20, 2025/APO Group/ — 

Akinwole Omoboriowo II, CEO of Genesis Energy, will speak at the Congo Energy & Investment Forum (CEIF) in Brazzaville this March, where he will discuss the company’s plans to deliver 10.5 GW of power across Africa, with a focus on energy initiatives that align with the Republic of Congo’s energy development goals.

Genesis Energy is driving transformational power projects, including providing 334MW to the Port Harcourt Refinery in Nigeria and plans to produce 1 GW within the WAEMU region. In October 2024, Genesis and BPA Komani announced their strategic partnership to mobilize capital and facilitate critical infrastructure projects focused on renewable energy, particularly Battery Energy Storage Systems across Africa. Additionally, Genesis’ recent MOU with the U.S. Agency for International Development will mobilize $10 billion for green energy and renewable projects, supporting Africa’s transition to a sustainable energy future.

The inaugural Congo Economic and Investment Forum, set for March 25-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

During CEIF 2025, Omoboriowo will explore how Genesis’ successful energy infrastructure development projects in Africa, combined with private sector innovation, can guide the Republic of Congo in strengthening its energy security and achieving its decarbonization goals. By leveraging its expertise in clean energy and strategic partnerships, Genesis Energy is poised to play a key role in helping the Republic of Congo harness its energy potential and expand its regional energy influence.

The Republic of Congo’s renewable energy sector is in a phase of growth, with increasing interest in solar, hydro and wind energy projects. Battery energy storage capacities are also gaining traction as a vital component of the country’s energy infrastructure, helping to balance supply and demand. The government is focusing on diversifying its energy mix to reduce dependency on fossil fuels and enhance grid reliability. Looking ahead, the Congo aims to expand its renewable energy capacity and integrate storage solutions to meet growing domestic and regional energy needs while supporting environmental sustainability.

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

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Eni, TotalEnergies Announce New Exploration Projects in Libya

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National Oil Corporation

Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas production in Libya at the Libya Energy & Economic Summit 2025 on January 18.

Among the key developments highlighted were TotalEnergies’ recent onshore exploration project and promising exploration opportunities in the Sirte and Murzuq basins.

“With 40% of Africa’s reserves, Libya remains largely untapped,” said Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies. Pouget shared TotalEnergies’ plans for 2025, including the completion of an onshore exploration project and new exploration in the Waha and Sharara fields. “We expect results next week,” he added.

Luca Vignati, Upstream Director at Eni, echoed optimism for Libya’s potential and outlined the company’s ongoing investment initiatives in the country. “We are launching three exploration plays – shallow, deepwater and ultra-deep offshore. No other country offers such opportunities,” Vignati stated. He also highlighted the company’s investments in gas projects, including over $10 billion for the Greenstream gas pipeline and a CO2 capture and storage plant in Mellitah.

Repsol affirmed its commitment to advancing exploration in Libya, focusing on overcoming industry challenges and achieving significant production milestones.

We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore

“Over the past decade, Libya has made remarkable efforts to fight natural field decline and encourage exploration,” said Francisco Gea, Executive Managing Director, Exploration & Production at Repsol. “We have reached 340,000 barrels per day. The two million target is within reach, and as international companies, we have the responsibility to bring capacity and technology.”

“Innovation is key to maximizing production and accelerating exploration. By deploying cutting-edge solutions, Nabors can enhance efficiency, reduce costs and ensure safer operations,” added Travis Purvis, Senior Vice President of Global Drilling Operations at Nabors.

Bashir Garea, Technical Advisor to the Chairman of the NOC, highlighted the country’s immense oil and gas potential. “We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore,” he said. He also pointed to Libya’s sizable gas reserves, noting, “Libya has 122 trillion cubic feet of gas yet to be developed. To unlock this potential, we need more investors and new technology, particularly for brownfield revitalization.”

“Our strategy spans the entire value chain. Strengthening infrastructure is essential to maximizing production and efficiency,” said Hisham Najah, General Manager of the NOC’s Investment & Owners Committees Department.

NJ Ayuk, Executive Chairman of the African Energy Chamber and session moderator, underlined Libya as a prime destination for foreign investment: “Libya is at the cusp of a new energy era. The time for bold investments and strategic partnerships is now.”

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

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Libya’s Oil Minister: Brownfields, Local Investment Key to 2M Barrels Per Day (BPD) Production

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Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical drivers of this growth. Speaking at the Libya Energy & Economic Summit (LEES) in Tripoli on Saturday, Minister of Oil and Gas Dr. Khalifa Abdulsadek outlined the country’s strategy to reach 1.6 million bpd by year-end and laid the groundwork for longer-term growth.

“There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks,” stated Minister Abdulsadek during the Ministerial Panel, Global Energy Alliance – Uniting for a Secure and Sustainable Energy Future. “We want to make sure local oil companies take part. We also want to leverage the upcoming licensing round to support our planned growth in the oil sector.”

The minister’s remarks were complemented by a strong call for international participation in Libya’s upcoming licensing round, signaling the government’s commitment to fostering collaboration and maximizing the potential of its energy sector.

Highlighting Libya’s vast natural gas potential – with reserves of 1.5 trillion cubic meters – Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, stressed the need for enhanced investment in gas projects. He pointed to ongoing initiatives like the $600 million El Sharara refinery as opportunities to stimulate economic diversification.

There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks

“Natural gas is available,” Hamel stated, adding, “It is the greenest of hydrocarbons and we see natural gas continuing to grow until 2050.”

The panel also tackled the global energy transition, emphasizing Africa’s unique challenges and the need for the continent to harness its resources to achieve energy security. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), underscored the critical need for finance, technology and reliable markets to drive progress.

“At APPO, we have noted three specific challenges for the African continent. Finance, technology and reliable markets,” he stated, questioning whether Africa can continue to depend on external forces to develop its resources.

As one of Africa’s top oil producers, Libya holds an estimated 48 billion barrels of proven oil reserves. The country’s efforts to expand production, attract investment and drive innovation are central to the discussions at LEES 2025. Endorsed by the Ministry of Oil and Gas and National Oil Corporation, the summit has established itself as the leading platform for driving Libya’s energy transformation and exploring its impact on global markets.

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

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