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

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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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Premier Invest Highlights Milestone Oil & Gas Financing Partnership with Shell at Invest in African Energy Reception in London

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As an African-owned investment banking and advisory firm, Premier Invest is aiming to bridge Africa’s oil and gas financing gap through strategic partnerships in the sector

LONDON, The United Kingdom, July 12, 2024/APO Group/ — 

Rene Awambeng, Managing Partner at investment banking and advisory firm Premier Invest, outlined Africa’s current oil and gas financing gap and strategies for unlocking global capital at the Invest in African Energy reception -organized by the African Energy Chamber (www.EnergyChamber.org) – in London on Thursday. Last month, Premier Invest signed a milestone agreement with Shell to enable access to financing for oil and gas projects across the continent.

The agreement to co-finance and originate oil and gas agreements in Africa aims to drive growth in the oil and gas sector across the continent

Under the strategic partnership, the two companies will collaborate to identify and co-finance oil and gas transactions in Africa that have the potential to generate significant returns, while creating value for local communities and economies.

“The agreement to co-finance and originate oil and gas agreements in Africa aims to drive growth in the oil and gas sector across the continent. We will work together to identify and evaluate potential opportunities in the oil and gas market and leverage our respective expertise to fund projects that have the potential for significant returns. This is a significant step forward in our commitment to support the growth of the sector,” said Awambeng.

The partnership serves to address the persistent lack of FDI on the continent – in which Africa receives only five percent of global investment – placing African countries at a disadvantage when it comes to establishing requisite infrastructure to produce refined petroleum products and increase power generation and distribution capacities. According to Awambeng, 50% of oil product consumption in Africa is met through imports, despite Africa being a net crude oil producer.

“To address these finance challenges, we have put together an African-owned and managed investment banking firm to offer a range of financial advisory services supporting clients across industry to invest in small, medium and large-sized projects… The continent lacks funds to finance its oil and gas projects, as well as needs technology to manage its oil and gas industry,” said Awambeng.

Distributed by APO Group on behalf of African Energy Chamber

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Top 5 Reasons to Attend Angola Oil & Gas 2024

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AOG 2024 serves as Angola’s premier energy event, providing unparalleled opportunities for international investors and stakeholders to gain access to the oil and gas market

LUANDA, Angola, July 12, 2024/APO Group/ — 

Angola’s oil and gas industry is growing rapidly, with a $60 billion investment pipeline planned for the next five years, a 2025 limited tender on the cards and industry reforms offering improved fiscal and contractual terms. The county’s premier industry event Angola Oil & Gas (AOG) connects international stakeholders to the market, serving as a bridge between foreign players and Angolan 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.

Strong International Focus

In recent months, Angola has been strengthening cooperation with various global partners to support oil and gas development. Recent deals include with Italy, the UAE, South Korea, Ivory Coast and many more. These deals and future collaborations are expected to drive project development and innovation in Angola while supporting global demand through Angolan exports.

The 2024 edition of the conference builds on this to bring new players to the market while promoting projects, partnerships and potential investment opportunities. In addition to local and regional delegates, AOG 2024 will feature the participation of delegations from China, the UK, the UAE, Germany, Portugal, Brazil and many more. International companies are invited to participate in the event and seize new opportunities in Angolan oil and gas.

Access Upcoming Projects

Last month, Angola’s national concessionaire for the oil and gas industry the National Oil, Gas & Biofuels Agency (ANPG) announced a series of measures that aim to support crude oil production in Angola. This comes as the country recently awarded oil and gas companies Etu Energias, Effimax Energy and Grupo Simples Oil a new concession for Block CON 8, stipulating an exploration phase lasting five years from the signing of the contract.

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Angola is enhancing cooperation with global players, including IOCs such as Chevron, TotalEnergies, Azule Energy and ExxonMobil, to bring new projects online and maintain hydrocarbon production above 1.1 million barrels per day through 2027. A key component of AOG 2024 is unparalleled access to upcoming projects. Attendees will be given exclusive access to the latest requests for proposals, tenders, market trends, policies and regulations shaping the sector.

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Drive Real Investment

Each year, AOG cements itself as the platform of choice for partnerships, collaborations and multi-billion-dollar deal signings. In 2023, seven industry-advancing deals were signed, laying the foundation for collaboration, market growth and future prosperity. In 2024, this trend is expected to continue as foreign companies travel to Luanda to engage with Angolan companies. The conference’s multi-track program covers the entire oil and gas value chain, providing insight into investment opportunities and strategic projects.

Participate in Exclusive Networking

The AOG 2024 conference serves as an opportunity for local, regional and international delegates to collaborate and discover new avenues for investment. Delegates can connect with top energy investors and executives – from operators, IOCs, NOCs and independents – as well as government officials, industry innovators and financiers to expand their professional network.

The event offers extensive opportunities to network and build meaningful business relationships, including exclusive networking breaks and lunches, the closing Networking Cocktail as well as the Gala Dinner and Awards which recognizes the companies pioneering the oil and gas industry in Angola.

Help Fuel Development

With the recent commencement of construction at Angola’s first integrated economic zone as well as its first aluminum industrial park, the country is on track to accelerate economic diversification and sustainable development. Apart from oil and gas, AOG 2024 is poised to set the benchmark for development in Angola while facilitating a strategic investment hub for various sectors in the country’s public and private sectors.

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Angola continues to provide great opportunities for international investors to develop energy projects that serve local and international energy demand. AOG 2024 targets key initiatives in the country including a heightened exploration drive, gas monetization, local content development and renewable energy and will clearly show Angola’s ambition and future plans for development.

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

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Liberia Showcases Upstream Investment Opportunities at Invest in African Energy Reception in London

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Ahead of a new licensing round, Liberia is offering incentives for early investors, coupled with extensive 2D and 3D seismic data in its Liberia and Harper basins and a working petroleum system previously established by global majors

CAPE TOWN, South Africa, July 12, 2024/APO Group/ — 

Kicking off the Invest in African Energy (IAE) reception in London on Thursday, Marilyn Logan, Director General of the Liberia Petroleum Regulatory Authority (LPRA), showcased Liberia’s available oil and gas blocks and upstream investment opportunities. The reception served to connect major technical and financial partners to Africa’s energy sector ahead of the African Energy Week: Invest in African Energy conference in Cape Town this November, organized by the African Energy Chamber (AEC) (www.EnergyChamber.org).  

Global investors have been clamoring to Africa’s frontier markets in recent months, with countries like Namibia, Mauritania and Mozambique attracting sizable oil and gas CapEx spending, coupled with a renewed exploration focus in West Africa. Liberia represents a proven petroleum system supported by extensive reprocessed 2D and 3D multi-client seismic data in its Liberia and Harper basins.

“Liberia stands out as a new and exciting destination for oil and gas exploration. Positioned strategically on the West Africa Transform Margin, Liberia shares geological similarities with the Jubilee field in Ghana and [discoveries] in Guyana. We are on the verge of a new decade realizing untapped potential in West Africa, and Liberia is ready to play a pivotal role.” 

Our round is expected to attract serious investors, with Liberia offering incentives for early investment and ensuring the yield of substantial returns

“Many years ago, many thought Namibia was an oil man’s graveyard…Today, there are even more prospects in countries like Liberia. The belief coming out of [London] drove exploration in places like Namibia – Liberia could be a replica of that,” added NJ Ayuk, Executive Chairman of the AEC.

Logan highlighted the role of majors ExxonMobil and Chevron in confirming the presence of a working hydrocarbon system, which has been supported by recent seismic surveys and data reprocessing that show promise of significant reserves. In 2021, the country opened a direct negotiation process for 33 offshore blocks in the Harper and Liberia basins, with plans to launch a new round later this year. 

“Liberia’s upcoming 2024 licensing round provides the opportunity to secure prime exploration blocks. Our round is expected to attract serious investors, with Liberia offering incentives for early investment and ensuring the yield of substantial returns,” said Logan.

In addition to its prospective hydrocarbon resources, Liberia offers a competitive fiscal regime, stable governance and a conducive operating environment. According to Logan, the country has established a fee structure that incentivizes and rewards oil and gas investors with appropriate returns, while still ensuring Liberia retains social and economic benefits from oil and gas extraction activities.  

“On the policy side, the Liberian government has implemented a robust oil and gas program to ensure a conducive environment for oil and gas investments, including a streamlined regulatory process and stable and democratic political environment,” she said. 

“We have to keep an enabling environment – when we enable you to put in money and finance projects, then we both win. The idea of resource nationalism has to go, and also the demonization of the energy industry,” stated Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

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