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Championing change: The importance of diversity in shaping Africa’s future (By Laila Bastati)

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Laila Bastati

Embracing diversity, especially gender diversity, is essential for any organization aiming to create a balanced, fair, and dynamic working environment

JOHANNESBURG, South Africa, March 19, 2024/APO Group/ — 

By Laila Bastati, Chief Commercial Officer at APO Group (www.APO-opa.com).

As we observe International Women’s Month with the theme of ‘Inspire Inclusion,’ it is essential to contemplate the importance of diversity within organizations and its crucial role in shaping a more equitable and inclusive society. This year’s theme calls on us to inspire others to understand and value women’s inclusion, not just for the benefit of women but for the advancement of the African continent. 

Women across Africa face unique challenges, from cultural barriers to limited access to resources and opportunities. However, despite these difficulties, they continue to defy the odds, breaking barriers, and making significant contributions to their communities and economies. As we recognise such achievements, it’s crucial to underline the importance of promoting the role of women in driving more diverse, competitive, and future-looking workspaces.

At APO Group, we’re proud of our extremely diverse team of professionals from all over the world. The diversity we see in age, gender, locations, backgrounds, and experience all combines to forge a formidable team that brings the best of APO Group to our clients. In an industry that has achieved, in recent years, a good gender balance, we strive to lead by example, leveraging our platform to advocate for broader gender equality and diversity initiatives, aiming to inspire other organizations to follow suit. 

For us, such diversity reflects a leadership that values and promotes the unique perspectives and contributions of women, at all levels of the organisation. It also clearly demonstrates that we’re an organisation that values inclusivity and equality, and that the different voices and ideas of our team reflect a unique understanding of the African markets in which we operate. The result of being firm proponents of an environment in which all contributions are valued, and where collaboration is part of our culture, is that innovation and creativity come naturally.

The importance of embracing diversity

Embracing diversity, especially gender diversity, is essential for any organization aiming to create a balanced, fair, and dynamic working environment.There’s no doubt that for any type of organisation, embracing diverse perspectives and expertise, highlighting achievements and success stories, and advocating for equal opportunities and recognition, are all aspects that contribute to a more equitable and inclusive environment where everyone has the chance to succeed based on merit and talent. 

Successful companies intentionally cultivate diverse leadership at all levels. While this may initially appear coincidental, the process of building diverse teams is a deliberate and strategic endeavour that underscores a commitment to creating spaces where women’s leadership and insights drive innovation and strategic decision-making.

What makes a diverse team?

Firstly, promoting diversity in leadership is crucial. Actively recruiting, developing, and promoting the right female candidates into leadership positions ensures women’s perspectives are represented at the decision-making table. Secondly, reviewing and revising policies to ensure they are gender-neutral and promote equal opportunities for all employees is essential. Thirdly, providing equal access to training, mentorship, and career advancement opportunities, with a particular focus on supporting women, is key.

Additionally, creating a supportive work environment and nurturing a culture of inclusion where all employees feel valued, respected, and supported is paramount. Regularly monitoring and evaluating diversity metrics to track progress and identify areas for improvement is also important. Finally, embracing a culture of work meritocracy where individuals are recognised and rewarded based on their skills, contributions, and performance, rather than on gender, race, or other characteristics, completes the foundation of a diverse team.

In the context of this special period of the year, I urge organizations across Africa to recognize and harness the unique strengths women bring to the table, not only to promote gender equity, but to ensure these organizations will continue to have a place in the workspace of tomorrow.

Distributed by APO Group on behalf of APO Group.

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

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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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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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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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