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GITEX Africa 2023 and Fujn Join Forces for the Representation of Women in Tech

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1 year ago

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Fujn

Fujn has a community of over 100,000 women from diverse backgrounds, educational levels, specialties, and expertise

SOUSSE, Tunisia, May 25, 2023/APO Group/ — 

Fujn might be one of the few tech startups, if not the only startup, exhibiting at GITEX AFRICA 2023 (https://GITEXAfrica.com/) with 10 women coming from 6 countries and 4 continents. It is a privilege for us to be representing women in a significant way and in a historic technology event inaugurated for the first time in the African continent. Fujn is headquartered in Boston, USA. It is a tech startup designed by women, built by women, developed by women, executed by women, and funded (bootstrapped) by women, for women’s future of work. Fujn is founded in 2022, operates with a team of 20 women across 10 countries. Our upskilling platform has 5,000 women actively learners. Our community has 100,000 women living in 22 countries. So far, the most traction we have received, is in Africa and Southeast Asia. We have launched 6 services as of today and have 10 additional services to follow. We are fusing upskilling, work, and life of women, seamlessly. Hence, the word Fujn, which stands for fusion.

When we had the idea, a few years ago, to tackle the future of work of women, generative AI was not yet in the public spotlight. However, we knew then that the digital adoption has only one expected trajectory, which is becoming mainstream, across the globe. At that moment, we understood that the AI genie was out of the bottle, and no one could stop it. We can only manage it, be innovative about it, and implement sensible guardrails for the good of humans. We only knew that we must work harder and smarter to direct this zeitgeist to a positive outcome. The mission we have chosen is to help women thrive, with or without AI.

Fujn is honored to be taking on the role of representing women in a prominent technology conference, such as GITEX AFRICA 2023. Technology has become the brain of all economies. And women represent 50% of the markets within these economies. We believe representation is a sign of civilization advancement. We are convinced that representation is the logical illustration of human rights and democracy. We pursue this mission of representing women in technology in a material way. By material, we mean to represent women in the GITEX AFRICA 2023 event as tech founders, tech architects, tech investors, tech strategists, and tech enthusiasts. We are traveling to Africa to tell our story. More importantly, we would like to inspire many more stories, even better than ours, to come. Our big picture is anchored on the belief that digitalization is women’s historic chance to achieve gender equity if they pursue it. Digital brings:

  • Learning, upskilling, knowledge, and know-how to their homes
  • Remote and flexible jobs, freelance, gigs, entrepreneurship to their homes
  • Global mentors, career counselors, and experts’ guidance to their homes
  • Role models in one big global ecosystem that will inspire them how to start and execute
  • Funding, if the idea is solid and the business plan is convincing

Gender equity, if enacted well, is estimated to boost Africa’s economy with an additional 1 trillion dollars and the Moroccan economy with an incremental $150 billion, by the year 2025.

For Company Recruiters:

At Fujn, we are working and hoping to build both a culture and a community of women who are self-aware but selfless, ambitious but balanced, expert but well-rounded in knowledge. We are working to inspire women to strive for a high IQ, but also for a high EQ. And now we are also aware of a thing called AQ, which stands for Adaptability Quotient. This word emerges with the shift happening in the future of work, accelerated with generative AI. AQ means workers must quickly adapt or inevitably become irrelevant. Fujn has a community of over 100,000 women from diverse backgrounds, educational levels, specialties, and expertise. Fujnistas, as we address our users, are doctors, architects, attorneys, scientists, psychologists, sociologists, creatives, artists, and engineers… Our community is growing fast, and we are offering recruiters access to a large pool of women talent with a high self-drive and a growth mindset that would advance any organization. Recruiters get many benefits from hiring women. They get the talent they require and the diversity they need. They get a workforce that represents 50% of their market who starts thinking with them, designing products with the right market fit for women, articulating messages that resonate with women, and setting HR policies that suit the non-linear lives of women thereby ensuring productivity, sustainable diversity, and the company’s long-term performance.

For Investors:

When we talk about a tech startup working on gender equity, it is helpful to give the context of this business. Typically, investors do not pay enough attention to understand how investing in startups like ours has a double benefit: the potential for a high IRR and ROI plus the positive social impact as an ESG business. Below are some data for Investors’ thoughts:

  •  As of March 2023, the Biden Administration has proposed the largest-ever US investment in gender equality programs, with US$3.1 billion for gender programs in FY2024. This budget proposal furthers the US administration’s aim to secure gender as a cross-cutting priority on both the domestic and global front.
  •  Assets in U.S. gender equity funds have doubled over the trailing three years to $1.3 billion, as of the end of February 2023, Morningstar found. Yet those funds represent less than 0.01% of total equity fund assets in the US.
  • The total ODA disbursements related to gender equality amounted to $30 billion, with Germany, the EU, the US, the UK, and Canada as the top 5 donors.
  • According to the UN, more than 100 countries have taken action to track budget allocations for gender equality.

We are working and hoping to build both a culture and a community of women who are self-aware but selfless, ambitious but balanced, expert but well-rounded in knowledge

We are a week away from the conference and are pleased to have piqued the attention of 15 investors who either invited us to meet or confirmed our request to meet them. The Fujn team cannot wait to tell these investors how we are executing our vision to build an insanely cool platform for an insanely cool mission of “enabling women to become economically independent skilled leaders.”

Human-Machine Equity (HME):

The time published on May 16, 2023: “Sam Altman, whose company is on the extreme forefront of generative AI technology with its ChatGPT tool, testified in front of the Senate Judiciary Committee and echoed his previous assertion that lawmakers should create parameters for AI creators to avoid causing “significant harm to the world.”

AI presents significant benefits but also momentous risks associated with many facets of the future: bias, democracy, security, wealth and power distribution, surveillance, freedoms….etc. However, the risk of jobs loss is the most obvious and imminent one:

  • Goldman Sachs Predicts 300 million jobs will be lost or degraded by AI
  • Oliver Wyman says 50 million Chinese workers must be retrained by 2030, as a result of AI-related deployment.
  • The U.S. will be required to retool 11.5 million people with the skills needed to survive in the workforce. 
  • Wells Fargo says robots would eliminate 200,000 jobs in the banking industry in the next 10 years.
  • Well-trained doctors could be pushed aside by sophisticated robots that could perform delicate surgeries more precisely and read X-rays more accurately to detect cancerous cells than the human eye.

This leads us to think: Women have requested, for a very long time, gender equity, because women’s lives are not the same as men’s. Hence, giving men and women the same treatment at work has been NOT equitable. Life’s mysteries are now calling us to advocate for EQUITY between men and women as humans versus intelligent machines. Here is why:

  • Machines do NOT need to sleep and work 24/7
  • Machines do NOT a vacation, fall sick, take sick leave, or need a social life
  • Machines learn in weeks what humans learn in decades
  • Machines do NOT demand a salary and benefits
  • Machines do NOT require a corporate contribution to their retirement account
  • Machines do NOT join unions
  • Machines do NOT retire at their own discretion

Regulators, corporate leaders, legislators, activists, economists, and humanists, all have the duty to advocate for human-machine equity (HME) before it is too late. Fujn will continue to advocate for both, gender equity and Human-Machine equity (HME).

Strategic Partnerships:

We are now working to explain how we want to cooperate with African governments to include women in the next wave of opportunities created by technology, and how to leverage technology to include women, in the economic fabric of societies. When we say include, we mean to include women in a structural way, not as an afterthought. We mean in all sectors, in all occupations, and in all levels of responsibilities starting from the top, not the bottom. We mean to include women in the design stage of everything, technology, legislation, policies, and strategies. We have high anticipation to explore partnership opportunities with participating inter-governmental agencies from Korea, Abu Dhabi, and Japan. We respect the work that the teams at Mastercard and OCP Group are doing in the areas of upskilling and women. It will be our privilege to join forces with them to transform the lives of some women for the better.

We are happy to share that Khadija Khartit, Fujn’s founder, will be speaking on behalf of Fujn team on the stage of GITEX AFRICA 2023 about two topics:

Panel 1-The Importance of Equality, Inclusion, and Diversity in Tech​:

On this topic, She will be share her thoughts on the inclusion of women, immigrants, and minorities. She would like to raise awareness about the inclusion of the neurodiverse and the disabled as the mother of an autistic child and an advocate for special needs individuals. She also wants to raise awareness about the benefits of diverse expertise in tech design: humanities, art, law, social sciences, behavioral sciences, regulation, public administration….and more, in addition to hard science and tech expertise. Tech design done by cross-functional teams who consider eventual unintended consequences is a MUST with AI to avoid major harm to humans.

Panel 2- Building Technical Growth Communities for Women in Tech​: ​

This topic is core to Fujn as our main mission is to help women “be in the know” about technology and to train them on how to leverage it to build minds, hearts, wallets, and better lives. We see technology as a magic tool for women to reimagine their possibilities. When the word technical is mentioned, some women get intimidated when they should not. Women can be senior directors in tech startups without knowing how to code, but it is a plus, if women code. Mrs. Khartit is hoping to inspire women to get curious, to immerse themselves in tech, its landscape, players, and lingo because, after that, their horizons will inevitably expand.

Distributed by APO Group on behalf of GITEX Africa.

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International Islamic Trade Finance Corporation (ITFC) Engages Stakeholders During the World Trade Organization Aid for Trade Review 2024 Event

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2 days ago

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July 5, 2024

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ITFC

African Finance Corporation, International Trade Centre, ITFC, WTO, Afreximbank, and UNIDO Sign Joint Declaration to Promote Cooperation in Support of the Cotton Sector

JEDDAH, Saudi Arabia, July 4, 2024/APO Group/ — 

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group is pleased to announce the Corporation’s active participation at the 9th World Global Review for Trade. This event, themed ‘Mainstreaming Trade’, was held at the World Trade Organization’s (WTO) headquarters, in Geneva from June 26 to 28, 2024.

The World Trade Organization (WTO) Aid for Trade Review is a significant global platform that brings together policymakers, development agencies, and trade experts to discuss strategies and initiatives to promote trade as a means of development. This year’s theme highlighted the importance of integrating trade into national development strategies for sustainable economic growth.

ITFC remains committed to strengthening existing partnerships and leveraging new synergies to provide our member countries with trade solutions best suited to global dynamics

The event was an occasion for ITFC to cement its strategic partnerships with the international trade community, explore new areas of cooperation, and present IsDB Group’s achievement with the publication of the IsDB Aid for Trade Report.

A joint declaration was signed between Eng. Hani Salem Sonbol, CEO of ITFC; H.E. Ngozi Okonjo-Iweala, Director General of the WTO, Benedict Oramah, President and Chairman of the Board of the African Export-Import Bank (Afreximbank); Gerd Müller, Director General of UNIDO; Samaila Zubairu, President and CEO of the Africa Finance Corporation (AFC), and Pamela Coke-Hamilton, Executive Director of the International Trade Centre (ITC).  The joint declaration will strengthen cooperation in areas of common interest under the coalition ‘Partenariat pour le coton’ by establishing sustainable textile hubs, supporting private sector investments, and encouraging collaboration and advocacy in Africa and beyond.

 The signature ceremony was followed by a high-level panel session titled “Cotton to Clothing: Charting Pathways to Create Sustainable Jobs for Women and Youth in West and Central Africa”. Mr. Sonbol underscored the long-lasting involvement of ITFC in cotton production in the past 15 years: US$2 billion financed to connect firms and millions of smallholders’ cotton farmers to global value chains. He also presented ITFC’s solutions programs as solutions to support investment promotion, market access, and capacity building to enable the environment for a regional textile value chain in Africa.  

In addition, Eng. Hani Salem Sonbol participated in a panel session on “Financing Aid for Trade—Regional Perspectives,” highlighting the potential for economic transformation of OIC member countries through regional integration and showcasing IsDB Group synergy that allows to offer robust regional programs to OIC member countries in different continents. 

Commenting on ITFC’s participation during the WTO Aid for Trade Review 2024, Eng. Hani Salem Sonbol, ITFC CEO, said: “ITFC’s participation at the 9th World Global Review for Trade is a clear testament to our good relations with the World Trade Organization and our support for their mission of leveraging trade to generate employment opportunities and improve livelihoods. ITFC remains committed to strengthening existing partnerships and leveraging new synergies to provide our member countries with trade solutions best suited to global dynamics. We look forward to further supporting sustainable trade, trade finance, and value creation through these strategic partnerships.”

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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Republic of Congo Hydrocarbons Minister to Discuss Gas Monetization at Angola Oil & Gas (AOG) 2024

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2 days ago

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July 5, 2024

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Hydrocarbons

Both the Republic of Congo and Angola have outlined ambitious oil and gas production targets, representing strategic areas for bilateral investment and cooperation

LUANDA, Angola, July 4, 2024/APO Group/ — 

Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo (ROC), has joined the Angola Oil & Gas (AOG) conference as a speaker. During the conference – scheduled for October 2-3 in Luanda – Minister Itoua will provide insight into emerging opportunities in oil exploration, gas monetization and LNG development, as well as potential areas for collaboration between the two countries.

Both ROC and Angola have set bold production targets, aiming to increase oil output to 500,000 barrels per day (bpd) and 1.1 million bpd, respectively. Both countries’ favorable investment climates have sparked the interest of a strong slate of E&P firms, with AOG 2024 set to not only support national oil and gas objectives, but also offer a platform for engagement in emerging cross-border projects.  

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

To support oil production, ROC is promoting investment in frontier exploration alongside incremental production from existing assets. The Central African country – with 1.8 billion barrels of proven oil reserves – has several upstream campaigns underway that aim to unlock new discoveries. Independent energy company Perenco, for example, completed 3D seismic surveys at the Tchibouela II, Tchendo II, Marine XXVIII and Emeraude permits in November 2023. Energy major TotalEnergies has announced plans to invest $600 million to drive exploration and production activities in the country, specifically through the development of the Moho Nord field. The field currently accounts for nearly half of total Congolese oil production, producing an estimated 140,000 bpd. The investment will support drilling operations in line with national targets to bolster output.

Meanwhile, ROC is committed to monetizing its gas resources through both associated and non-associated projects. The country reached a milestone in March 2024 with the delivery of its first LNG cargo to Italy from the Congo LNG development. As the country’s inaugural LNG facility, the project employed a fast-tracked approach whereby LNG was produced just 12 months after FID. By 2025, the Congo LNG project is expected to produce 2.4 million tons per annum, with ROC joining the likes of Angola as a major African LNG exporter.

Further supporting its gas monetization drive, ROC is making progress with the development of the Bango Kayo project. Set to reach peak oil production of 50,000 bpd, project developer Wing Wah is deploying an integrated approach to expand the project through multiple phases. The project will begin monetizing previously-flared gas to support the country’s industrial sector, serving as a model for other African oil producers including Angola, which is striving to maximize production from mature assets.

Minister Itoua’s participation at AOG 2024 not only speaks to the caliber of the event as the premier oil and gas conference in Angola, but creates new opportunities for bilateral collaboration in the fields of LNG production and oilfield development. Angola and ROC – both offering promising opportunities in offshore exploration and tie-ins to existing onshore infrastructure – represent highly attractive hydrocarbons markets, with the AOG 2024 conference set to connect global investors with prospective opportunities.

Minister Itoua will be joined by Maixent Raoul Ominga, Managing Director of the Congo’s national oil company Société Nationale des Pétroles du Congo at AOG 2024. For more information, visit www.AngolaOilAndGas.com.

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

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Gazprom Joins African Energy Week (AEW) 2024 as Silver Sponsor, Driving Africa’s Gas Momentum

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2 days ago

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July 5, 2024

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Gazprom

Russian multinational energy corporation Gazprom will join African Energy Week: Invest in African Energy 2024, affirming its commitment to advancing sustainable and gas-focused energy solutions across the continent

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

Russian multinational energy corporation Gazprom is spearheading a crucial refinery upgrade project at the Mossel Bay gas-to-fuel facility in South Africa – which advanced to feasibility stage last month – as part of efforts to support Africa’s gas monetization agenda and secure a reliable supply of refined petroleum products. As the world’s largest producer of natural gas, Gazprom will join African Energy Week (AEW): Invest in African Energy – taking place in Cape Town on November 4-8 – as a Silver Sponsor, bringing valuable insights and perspectives on harnessing Africa’s substantial gas resources.

For Africa, natural gas represents the key to achieving broad energy security and diversified economic growth. With over 620 trillion cubic feet (tcf) of proven gas reserves, the continent is seeking to ramp up gas exploration efforts, while establishing integrated, gas-based networks and downstream industries. Through new exploration campaigns, Nigeria is aiming to expand its gas reserves from 200 tcf to 600 tcf; Mozambique is spearheading development of the 18-million-ton-per-year (mtpa) Rovuma LNG and 13-mtpa Mozambique LNG facilities; and Algeria is driving production through a gas-boosting project at the Hassi R’Mel gas field. The 2.3-mtpa Greater Tortue Ahmeyim LNG project in Senegal and Mauritania anticipates first production later this year, while the Tanzania LNG project is set to produce 10 million mtpa once approval by the government is secured.

AEW: Invest in African Energy stands as the premier platform for project operators, financiers, technology providers, and governments, recognized as the definitive venue for sealing deals in African energy. For more information about this pivotal event, visit www.AECWeek.com.

Gazprom is consistently expanding its dialogue with African countries and stands ready to share its unique know-how and best practices

Gazprom’s expertise in gas exploration, production, processing and export positions it as a viable partner to Africa’s natural gas agenda. Last year, the company partnered with the African Energy Chamber (AEC) to host the International Gas Roundtable, an exclusive event highlighting the pivotal role of gas in stimulating economic development across the continent. The roundtable served as a unique platform to explore innovative strategies, exchange best practices and shape the future of gas development, providing valuable insights for both mature and emerging African gas producers.  

“Gazprom is consistently expanding its dialogue with African countries and stands ready to share its unique know-how and best practices in realizing mutually profitable energy industry projects with potential partners from Africa. Gazprom possesses all the necessary technologies and innovations capable to assist African countries in securing energy industry development based on the existing natural gas reserves, in decreasing the level of ‘energy poverty,’ and in improving the quality of life of the populations of African countries, as well as in resolving environmental problems,” states Dmitry Khandoga, Head of International Business at Gazprom.

Gazprom’s technical expertise in the gas sector demonstrates the potential for Africa to increase production and unlock new export markets. With projects like the Nigeria-Morocco Gas Pipeline and Trans-Saharan Gas Pipeline set to supply African gas to regional and European markets, Gazprom’s expertise is particularly crucial, as it operates a number of pipelines that deliver gas across the country and transnationally. The company deploys cutting-edge technologies in the design and maintenance of pipelines, such as the application of corrosion-resistant materials and automated monitoring systems, which increase the reliability and durability of gas infrastructure. At AEW: Invest in African Energy, Gazprom will share its expertise to foster collaboration with industry leaders, advocate for sustainable energy practices and forge partnerships that work towards Africa’s energy security and growth.

“Natural gas is a strategic tool in the fight against energy poverty in Africa. It represents a reliable, scalable and cost-effective solution for power generation and industrial growth. Gazprom’s technical expertise across the entire gas value chain – which makes it the world’s largest gas producer – provides a valuable blueprint for African nations looking to harness gas for domestic use and export,” states NJ Ayuk, Executive Chairman of the AEC.

Returning to this year’s edition of AEW: Invest in African Energy, Gazprom will bring a wealth of expertise in the exploration, production, transportation, storage, processing, and sales of gas, gas condensate and oil. By collaborating with industry leaders and African stakeholders, Gazprom aims to support the continent’s journey towards energy independence and sustainable development.

Distributed by APO Group on behalf of African Energy Chamber.

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