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G20 Leaders to Convene at African Energy Week (AEW) 2025 to Drive Investment, Advance Energy Security and Make Energy Poverty History

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Kinetiko Energy

African Energy Week: Invest in African Energies 2025 will feature a dedicated G20 Africa Energy Investment Forum, with a focus on signing deals and promoting investment in African energy

CAPE TOWN, South Africa, January 7, 2025/APO Group/ — 

As the largest gathering of energy stakeholders on the African continent, this year’s African Energy Week (AEW): Invest in African Energies will host the G20 Africa Energy Investment forum. The event will showcase opportunities for G20 countries in the African oil, gas, mining and renewable energy space, promising to drive a new wave of investment across the continent. Key topics include strategies for increasing market stability, advancing energy security and investing in projects that will make energy poverty history by 2030.

Dubbed the premier event for the African energy sector, AEW: Invest in African Energies 2025 – taking place in Cape Town from September 29 to October 3 – stands as the leading platform for advancing socioeconomic growth throughout the continent. As such, through strategic investment, dialogue and collaboration with delegations from G20 member countries, the event is set to pave the way for a more resilient, sustainable and inclusive energy future while fulfilling its mandate to make energy poverty history by 2030.

The G20 forum will connect a strong slate of government leaders, policymakers, industry titans and foreign investors for five days of deal-signing, one-on-one dialogues, project updates, exhibitions, panel discussions and more. The forum stands as the premier platform for the largest economies across the globe to engage with and invest in African opportunities.

With ambitious growth plans, vast untapped resources and growing investments, the eyes of the oil and gas industry are focused on Africa in 2025. In late-December, Senegal and Mauritania produced first gas from the massive Greater Tortue Ahmeyim LNG project. First LNG production is expected shortly, with the first LNG cargo expected in Q1, 2025. Once fully operational, the first phase of the project is expected to produce around 2.3 million tons of LNG per year, with the first FLNG vessel having a nameplate capacity of 2.7 million tons per year.

Meanwhile, this year, global trading and investment company Mitsui & Co. is collaborating with energy major TotalEnergies and the Mozambique government to restart construction of the delayed $20 billion Mozambique LNG project. Mozambique is also moving forward with the development of its Area 4 LNG project, which boasts approximately 85 trillion cubic feet (tcf) of natural gas. Energy major ExxonMobil is leading construction of the Rovuma LNG facility while the Coral FLNG vessel is currently under construction in South Korea.

One of the largest projects on the continent, the $5-billion East African Crude Oil Pipeline recently reached 47.1% completion and is expected to deliver an estimated 6.5 billion barrels of crude oil from Uganda to global markets once operational in in 2026. Meanwhile, FID is expected for the Tanzania LNG project this year, paving the way for the country to tap into an estimated 36 tcf of natural gas.

Africa’s oil and gas bid rounds for 2025 signal a renewed push to position the continent as a leading energy frontier. Libya plans to launch a bid round featuring 22 onshore and offshore exploration blocks in early 2025, as part of its strategy to boost oil output to two million barrels per day within five years. Meanwhile, Algeria’s first tender in a series of licensing rounds offers exploration and production opportunities for six onshore blocks, with contracts awarded through production sharing and participation agreements. Mauritania is expected to auction 15 offshore blocks, leveraging extensive seismic data and drawing interest from energy giants like bp and TotalEnergies. As part of its six-year licensing strategy, Angola’s National Oil, Gas & Biofuels Agency is set to launch a limited public tender in 2025, offering up to 10 offshore blocks in the Kwanza and Benguela basins. With abundant hydrocarbon reserves and a growing demand for reliable energy sources, these bid rounds offer opportunities for international investors and operators to participate in shaping Africa’s energy future.

With a number of investment opportunities across every facet of the energy value chain, AEW: Invest in African Energies 2025 and the G20 Africa Energy Investment forum promises to drive the discussions that will reshape the trajectory of the continent’s energy development. The event will focus on investment, sustainability and eradicating energy poverty in Africa, and stands as the foremost platform to sign deals and invest in partnerships across the continent’s energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

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Hong Kong’s Innovations Radiating Impact at CES 2025

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CES
Largest-ever delegation of homegrown tech companies capturing global attention and potential business opportunities
HONG KONG SAR – Media OutReach Newswire – 8 January 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) marked significant presence at the Consumer Electronics Show (CES) 2025 in Las Vegas, where a largest-ever delegation of 51 tech companies and institute at Hong Kong Tech Pavilions is capturing the attention of industry leaders, corporate partners and venture capitalists from global markets for business leads and investment opportunities. 

 Organized in collaboration with the Hong Kong Trade Development Council (HKTDC) and supported by the Hong Kong Electronics Industries Association (HKEIA), the delegation, brought together an array of cutting-edge solutions across advanced electronics, green tech, life & health sciences, and more. Home-grown solutions from HKSTP including smart irrigation system Rocket 2.0 by Full Nature Farms, assistive wearable Seekr by Vidi Labs, and World’s smallest 3-axis Micro Gimbal Stabiliser by Vista InnoTech, together with Mobile Ankle-foot Exoneuromusculoskeleton, a telerehabilitation device by The Hong Kong Polytechnic University and Thecon Technology, have been recognised by the CES Innovation Awards 2025.Albert Wong, CEO of HKSTP, remarked on the overwhelming success, “As an incubator, our ultimate goal lies in advancing the life of humankind. Be it breakthroughs to showcase at premier exhibitions like CES, or bridging between tech and talent with initiatives as Innovation Mixer does, HKSTP has been expanding our global footprint with great momentum in maximising salient achievements and potential opportunities over the years, that promises collaboration and confidence in carrying out our commitment to cultivate the I&T scene.”Part of its broader strategy to enable Hong Kong tech companies to scale globally and endow sustainable impact, HKSTP will be building on the momentum from CES, and continue the Innovation Mixer US expedition in San Francisco to actively engage with ambitious talent; and also in paving way for the second cohort of the Global Booster Programme, catered for stellar tech companies from Hong Kong to embark on an intensive six-month journey in the Silicon Valley to connect with all sorts of resources for technological advancements.About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,000 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.More information about HKSTP is available at www.hkstp.org.

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Network International’s digital payment solution to power new Money Fellows offering in Egypt

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Network International

Network’s payment functionality to enable the first payment solution from Money Fellows, the leading money circles app

CAIRO, Egypt, January 8, 2025/APO Group/ — 

Network International (Network) (www.Network.ae), a leading enabler of digital commerce in the Middle East and Africa, has partnered with Money Fellows, the leading money circles app, to power a new solution that will leverage its best-in-class payment functionality.

Under the partnership, Network will provide Money Fellows with its ‘Digital Payments as a Service’ platform with value added services including advanced fraud prevention, fully secure payment functionality, as well as a full suite of back office managed services. This platform will enable Money Fellows to enhance the app’s versatility and user experience. Utilising its pan-regional experience, Network will support Money Fellows’ expansion across the Middle East and Africa region.

This collaboration signifies a major milestone in the fintech sector in the country that is currently experiencing rapid growth, aligning with the Egypt National Vision 2030 plan

Dr. Reda Helal, Group Managing Director – Processing, Africa & Co-Head Group Processing at Network International, said: “We are pleased to partner with Money Fellows to enhance their market offerings and competitiveness, while supporting the company’s expansion into new markets in the Middle East and Africa. This collaboration signifies a major milestone in the fintech sector in the country that is currently experiencing rapid growth, aligning with the Egypt National Vision 2030 plan.”

Ahmed Wadi, CEO & Co-Founder of Money Fellows, said: “We are thrilled to collaborate with Network International on this significant milestone for our company. We are taking this step with confidence, knowing we have the right partner in Network International to ensure the payment functionality and security that our users deserve. This launch marks a pivotal moment in our journey, reinforcing our leadership position in the market and setting the stage for our regional expansion.”

Distributed by APO Group on behalf of Network International.

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Rolls-Royce supply electricity for Africa’s first rice straw Medium-Density Fibreboard (MDF) production facility

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Rolls-Royce

The plant avoids the usual practice of burning rice straw, which is a by-product of rice cultivation, and ensures its sustainable use by repurposing it into MDF

LONDON, United Kingdom, January 8, 2025/APO Group/ —

  • Egyptian Wood Technology Company (WOTECH) relies entirely on mtu island solution for energy supply
  • Factory is the second of its kind in the world and the first in Africa, and reduces air pollution and CO2 emissions

Working with INDE and EMC, we were able to deliver a power solution that met all the customer requirements

Rolls-Royce (www.Rolls-Royce.com) has commissioned ten mtu gas gensets in the Beheira province in northern Egypt to supply the Egyptian Wood Technology Company’s (WOTECH) production plant with electricity. Since there is no access to the public grid, WOTECH relies entirely on the 20-cylinder mtu gas gensets, which together have a total output of 25 megawatts.

The factory produces medium-density fibreboard (MDF) from rice straw, which is used for furniture and buildings. Supported by Egypt’s petroleum ministry, the plant avoids the usual practice of burning rice straw, which is a by-product of rice cultivation, and ensures its sustainable use by repurposing it into MDF. The factory is the second of its kind in the world and the first in Africa. It significantly reduces air pollution and CO2 emissions in Egypt. The rice straw replaces traditional wood as a raw material in medium-density fibreboard, which is used to make cabinets, doors, furniture and commercial and residential buildings.

Rolls-Royce worked with local partner Engineering for Industries Co. (INDE) and the Egyptian Maintenance Company (EMC), a provider of engineering support services in the region, to supply the mtu Series 4000 L64 FNER gensets, controls and accessories for the WOTECH project, which was established with full Egyptian capital from the oil sector.

Tobias Ostermaier, President Stationary Power Solutions at Rolls-Royce, said: “When supporting a project such as the WOTECH facility, where there is no access to the grid utility, the dependability of our mtu gas-powered gensets is paramount. Working with INDE and EMC, we were able to deliver a power solution that met all the customer requirements – being efficient, reliable and offering the combination of best-in-class power density with low emissions.”

Each of the 10 mtu gensets has a rated power of 2,500 kW and an operational lifetime of up to 84,000 hours before needing major overhaul (TBO).

Distributed by APO Group on behalf of Rolls-Royce.

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