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Golar LNG Chief Executive Officer (CEO) to Discuss Pioneering Competitive Liquefied Natural Gas (LNG) Solutions at African Energy Week (AEW) 2024

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8 months ago

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Kinetiko Energy

Karl Fredrik Staubo, CEO of Golar LNG, will speak on the company’s latest FLNG development in Nigeria and its role as a technology and innovation leader in the sector

CAPE TOWN, South Africa, August 16, 2024/APO Group/ — 

Marine infrastructure operator Golar LNG recently signed a milestone deal to develop a floating LNG (FLNG) facility in Nigeria, bolstering the country’s gas commercialization efforts. Driving technology and innovation in the sector, Golar LNG CEO Karl Fredrik Staubo will discuss the company’s latest projects and role in monetizing Africa’s gas resources at the African Energy Week: Invest in African Energy 2024 conference this November.

Golar LNG represents one of the largest independent owners and operators of marine-based LNG midstream infrastructure globally. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation for the deployment of an FLNG facility offshore Niger Delta. With a capacity of 400-500 million standard cubic feet per day, the facility will produce LNG, LPG and condensate, monetizing proven gas reserves within the country’s shallow water acreage. With FID targeted by the end of 2024, first gas production is expected by 2027. In February 2024, the Gimi FLNG vessel – owned and operated by Golar LNG – arrived on site at the Greater Tortue Ahmeyim (GTA) LNG development in Senegal and Mauritania, set to process over 400 million standard cubic feet of gas daily and representing a major project milestone.

With gas at the heart of Africa’s energy transition, Golar LNG will help drive discussions at AEW 2024 on flexible, low-cost and fast-tracked LNG solutions

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Golar LNG is widely recognized for its innovation in Africa’s gas sector – notably, through the Hilli Episeyo FLNG vessel, which operates offshore Cameroon and represents Africa’s first FLNG unit to be converted from an existing LNG carrier, with a production capacity of 2.4 million tons per annum (MTPA). In addition to transforming Cameroon into a regional gas exporter, the vessel showcased Golar LNG’s capability in pioneering offshore gas monetization and celebrated the offloading of its 100th LNG cargo last October. Golar LNG’s work in Africa emphasizes modular, flexible LNG solutions that can be quickly deployed, reducing lead times and capital expenditure compared to traditional onshore LNG facilities.

“Golar LNG is playing a decisive role in scaling up gas commercialization across the continent, from pioneering groundbreaking FLNG solutions in Cameroon to monetizing untapped, shallow water resources in Nigeria. With gas at the heart of Africa’s energy transition, Golar LNG will help drive discussions at AEW 2024 on flexible, low-cost and fast-tracked LNG solutions that can succeed in a low price environment,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

Africa’s LNG sector is experiencing significant growth, driven by major investments and strategic projects across the continent. Key additions to production capacity include Mozambique’s Area 1 LNG project, poised to produce 12.88 MTPA upon completion; Nigeria’s NLNG Train 7 project, expected to boost the country’s LNG production capacity by 35% to 30 MTPA; Senegal and Mauritania’s GTA project, set to deliver 2.5 MTPA in its first phase; and Tanzania’s LNG export project, which plans to develop a 10 MTPA facility. During the conference, Staubo is expected to discuss strategies for securing financing for LNG facilities, enhancing infrastructure and navigating above-ground challenges to ensure successful and on-time project delivery.

Distributed by APO Group on behalf of African Energy Chamber.

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Morocco’s First Africa’s Business Heroes (ABH) Top Three Finalist is Pioneering Water and Sanitation Solutions

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3 hours ago

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April 8, 2025

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Africa’s Business Heroes

Her inspiring leadership, technical knowledge and commitment to making a difference have seen her rise as a business leader in the water and sanitation industry

RABAT, Morocco, April 7, 2025/APO Group/ —

In a remarkable milestone for Morocco, Dr. Salma Bougarrani has made history by becoming the first female Moroccan entrepreneur to reach the Top three finalists in the esteemed Africa’s Business Heroes (ABH) www.AfricaBusinessHeroes.org/ Prize Competition. Finishing as the 1st Runner-Up. Dr. Bougarrani, the co-Founder and CEO behind Green Watech (apo-opa.co/4jrjZnv), is not just pushing sanitation forward for the rural communities; she’s also blazing a trail for women entrepreneurs in an industry where females are often not noticed or heard from. Her inspiring leadership, technical knowledge and commitment to making a difference have seen her rise as a business leader in the water and sanitation industry.

The recognition from ABH, the Jack Ma Foundation’s flagship philanthropic program in Africa, aligns with its mission to spotlight and support local talent like Dr. Bougarrani, who are driving positive change in their communities. Over a decade, the program aims to honor 100 African entrepreneurs while providing grant funding, training and broader ecosystem support to foster African entrepreneurship.

Dr. Bougarrani’s journey into the world of water and sanitation began with her firsthand observations of untreated wastewater wreaking havoc in Moroccan villages. Witnessing these difficulties sparked her passion for creating sustainable solutions, leading her to leave the world of academia and pursue a career in entrepreneurship. In 2018, she formed Green Watech to give rural communities access to reasonably priced and energy-efficient sanitation systems. She holds a PhD in Advanced Water Treatment Processes from Med V University and Leipzig University.

Impacting Lives Through Sustainable Innovation

At the centre of Green Watech’s innovation is a groundbreaking soil-based filtration system, which provides the means to treat wastewater for agricultural irrigation. Unlike expensive, energy-hungry technologies, this system is all about being low-maintenance, budget-friendly, and sustainable – perfect for rural communities that often struggle with limited infrastructure. By cutting down the need for fresh water by as much as 70%, Green Watech is transforming the water management landscape in Morocco.

Since its inception, Green Watech has changed the lives of over 30,000 people in 17 Moroccan villages and farms. The company has cleaned more than 200 million litres of wastewater, which helps with water shortages and makes farms more productive. Thanks to Green Watech’s participatory model, local communities actively participate in the process. Villagers are taught how to set up, maintain, and grow sanitation systems through training programs, which promote resilience and sustainability in the long run.

Green Watech’s soil-based filter system also cuts down on the need to use fresh water for crops. It offers a long-lasting, cheap, and easy-to-keep-up answer for people in rural areas. The company plans to grow beyond Morocco in the future. It aims to reach North Africa and other places during the year.

Breaking Down Barriers as an ABH Trailblazer

Dr. Bougarrani’s recognition as the first Moroccan entrepreneur to be placed among the top three finalists in the ABH competition is significant. Her success defies cultural expectations and gender norms in a field where male entrepreneurs predominate. Her accomplishment serves as a role model for aspiring female entrepreneurs throughout Africa and highlights her technical expertise and leadership abilities.

Her work in sustainable water management has gained her worldwide recognition. She has received top honours, including the United Nations Industrial Development Organization (UNIDO) Grand Prize.

The Future of Green Wateche

Dr. Bougarrani plans to put the $150,000 prize back into Green Watech to help it reach more African communities in need. She has an ambitious goal to reach 1 million end-users by 2030.  Her career is an outstanding example of how someone with a strong will and passion can break walls, challenge stereotypes and uplift entire communities.

2025 ABH Applications Are Now Open

African entrepreneurs who want to enter the 2025 edition of the competition and stand a chance to win a share of US$1.5 million can do so at https://AfricaBusinessHeroes.org/en/register.

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

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African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

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6 hours ago

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April 8, 2025

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The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector

DAR ES SALAAM, Tanzania, April 7, 2025/APO Group/ –The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania.

Under this facility, the African Development Bank will provide a guarantee of up to 100% to confirming banks against non-payment risks arising from letters of credit and similar trade finance instruments issued by the Bank of Africa Tanzania. The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector. The facility aligns with efforts to bolster intra-Africa trade, contributing directly to the objectives of the African Continental Free Trade Area (AfCFTA) (https://AU-AfCFTA.org/).

This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions

Speaking at the signing event on March 10, 2025, in Dar es Salaam, the Bank’s Country Manager for Tanzania, Patricia Laverley, stressed the importance of the facility in addressing Tanzania’s trade finance needs, saying that given the country’s import requirements, it will aid priority sectors such as trade, agriculture, manufacturing, and energy. “This facility will support trade by enabling BOAT to play a more strategic role in the regional and international market.”

Representing BOAT’s management, Deputy Managing Director Hamza Cherkaoui lauded the strong partnership with the African Development Bank, emphasizing its role in expanding trade finance capabilities across the continent. “This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions, expanding our confirmation network, and enabling access to top-tier confirming banks,” he said.

The new Trade Guarantee facility aligns with Bank of Africa Tanzania’s strategic priorities and the African Development Bank’s broader objectives, including promoting regional integration, increasing food security, and industrializing Africa. It also supports Tanzania’s Country Strategy paper 2021-2025, which focuses on enhancing the private sector business environment for job creation. It also aligns with the country’s development vision (Vision 2025), which aims to build a strong and resilient economy capable of competing globally.

The signing of the agreement marks a significant milestone in the African Development Bank Group’s direct engagement with Tanzania’s private sector, reinforcing its commitment to strengthening the country’s financial sector and economic development.

Distributed by APO Group on behalf of African Development Bank Group (AfDB

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PAC Capital Limited Named Best Transaction Advisory Firm in Nigeria at the Grand Annual Awards Ceremony 2025

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6 hours ago

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April 8, 2025

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PAC-Capital

As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth

LAGOS, Nigeria, April 7, 2025/APO Group/ –PAC Capital Limited (www.PACCapitalLtd.com), a leading investment banking and advisory firm, is proud to announce its recognition as the Best Transaction Advisory Firm – Nigeria 2025 by the International Business Magazine Awards!

The award celebrates PAC Capital’s consistent track record in structuring and executing high-impact transactions across various sectors, including infrastructure, energy, transport, and financial services. This international recognition highlights the firm’s commitment to excellence, innovation, and delivering value-driven advisory services.

At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations

Humphrey Oriakhi, Managing Director of PAC Capital, expressed his pride and appreciation for the recognition:

“This award is a strong validation of our efforts to lead with insight, integrity, and innovation in the transaction advisory space. We are truly honored to be acknowledged on a global platform. I dedicate this achievement to our clients who trust us with their most strategic decisions and to our team whose dedication fuels our success.”

Bolarinwa Sanni, Executive Director of PAC Capital, emphasized the importance of collaboration and resilience in the firm’s journey:

“Winning this award reflects the strength of our advisory team and the boldness of the clients we serve. At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations. This recognition inspires us to keep pushing boundaries and shaping Africa’s investment landscape.”

As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth.

Distributed by APO Group on behalf of PAC Capital Limited

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