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Japan Contributes US$1.5M to help Sri Lanka to provide food assistance to people affected by the economic crisis

The Government of Japan today announced a USD 1.5million (LKR 600 million) funding to help the Government of Sri Lanka respond to the ongoing economic crisis.

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Sri Lankan Economic Crisis

Sri Lanka has been severely impacted by a weakening economy which has resulted in shortages of essential items, including food, and a spike in food prices, hindering families’ access to affordable, healthy meals.

COLOMBO – The Government of Japan today announced a USD 1.5million (LKR 600 million) funding to help the Government of Sri Lanka respond to the ongoing economic crisis. The funds will be used by the United Nations World Food Programme (WFP) to provide food assistance to children and families in need of support.

Charge d’ Affaires ad interim of Japan to Sri Lanka Mr. KATSUKI Kotaro said, “We are pleased to announce that the Government of Japan will grant USD 1.5 million emergency assistance through WFP to provide three months’ essential food supplies, including fortified rice, dhal and oil, for approximately 15,000 urban and rural people and 380,000 school children across the island. Japan has been extending vital protein to children through the provision of canned fish made in Japan worth a total of USD 10 million as school meal programmes over the past 10 years. We hope that this humanitarian assistance will help improve food access and nutrition for the people of Sri Lanka amidst the economic crisis.”

Weakening Economy

Sri Lanka has been severely impacted by a weakening economy which has resulted in shortages of essential items, including food, and a spike in food prices, hindering families’ access to affordable, healthy meals. Even before the pandemic, malnutrition rates were high among children and women. Some 40 percent of primary-age children were too thin for their height.

WFP will use the contribution to procure rice for the national school meal programme to ensure children can continue receiving a significant portion of their daily energy and nutrition requirement through the free school meals. It will also enable WFP to distribute ration packs comprising essential commodities to vulnerable households.

“Getting the right nutrition to those who need it the most will help mitigate the long-term effects of today’s economic downturn,” says Abdur Rahim Siddiqui, WFP Representative and Country Director in Sri Lanka. “WFP is very grateful for Japan’s contribution at this critical hour. We thank Japan for its generosity and solidarity with the people of Sri Lanka. WFP will support the Sri Lankan Government with emergency food assistance based on assessments that identify the most pressing needs.”

Business

Ministers and Chief Executive Officers (CEOs) to Convene at Invest Africa’s 12th Annual Mining Series

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Invest Africa

With demand for transition metals expected to grow fivefold by 2050 as the world shifts to cleaner energy, Africa’s mining sector will play a pivotal role in driving the global energy transition

CAPE TOWN, South Africa, January 23, 2025/APO Group/ — 

Invest Africa (www.InvestAfrica.com), a leading pan-African trade and investment platform, is excited to announce Aon as the Headline Partner for its 12th Annual Mining Series alongside Mining Indaba 2025. With demand for transition metals expected to grow fivefold by 2050 as the world shifts to cleaner energy, Africa’s mining sector will play a pivotal role in driving the global energy transition. Mining Series 2025 will convene government leaders, industry experts, and investors to examine how Africa can leverage its resources for sustainable and inclusive growth in an ever-evolving global market.

Confirmed speakers include: Mr Dean William Macpherson, Minister of Public Works and Infrastructure, Republic of South Africa; Dr Kgosientsho David Ramokgopa, Minister of Electricity, Republic of South Africa; H.E. Antony Phillipson, High Commissioner to South Africa, United Kingdom; Marna Cloete, President, Ivanhoe Mines; Marie-Chantal Kaninda, President, Glencore DRC; and Brian Menell, Chairman and CEO, TechMet; alongside other prominent leaders from government and industry [(for the full programme, click here (https://apo-opa.co/3PNtMr8)].

“The mining sector is at a crossroads as it navigates the dual challenges of accelerating demand for transition metals and the need for greater sustainability and transparency,” said Dr Nolwandle Mgoqi, Chief Executive Officer, Aon South Africa“Africa holds the key to powering the energy transition, but unlocking this potential requires a forward-thinking approach to risk management, resilient supply chains, and transformative technology. Aon is honoured to partner with Invest Africa in fostering critical dialogue and innovative solutions to shape the future of mining.”

Through the Mining Series, our mission is to shine a spotlight on opportunities across the continent and catalyse partnerships that unleash the full potential of Africa’s resources

“We’re seeing a tremendous appetite for investment in Africa’s mining sector,” said Chantelé Carrington, Chief Executive Officer, Invest Africa“Through the Mining Series, our mission is to shine a spotlight on opportunities across the continent and catalyse partnerships that unleash the full potential of Africa’s resources while ensuring sustainable and inclusive growth.”

Invest Africa is deeply grateful to all our partners for their support of the 12th Annual Mining Series, including: Absa, Afreximbank, Africa Finance Corporation, Aon, Black Mountain, Growth Gateway, Loinette Capital, Premier Invest, and S-RM.

To register for the 12th Annual Mining Series, please click here (https://apo-opa.co/4jtTWg4).

Distributed by APO Group on behalf of Invest Africa.

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SLB to Showcase Strategic Investments, Cutting-Edge Innovations at Invest in African Energy (IAE) 2025

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Group Managing Director of West Africa, Jean-Marc Kloss, will highlight SLB’s latest projects and investments, including new initiatives in Angola, Libya and Algeria that focus on boosting production and integrating advanced technologies

PARIS, France, January 22, 2025/APO Group/ — 

Jean-Marc Kloss, Group Managing Director of West Africa at SLB, will speak at the Invest in African Energy (IAE) Forum, taking place in Paris this May. As a recognized leader in energy innovation and services, Kloss will share insights on SLB’s ongoing investments and evolving role in driving sustainable growth across Africa’s oil and gas sector.

SLB continues to make major strides in Africa’s energy landscape, particularly in Angola, where the company is launching its Integrated Performance Excellence Center in Luanda, playing a crucial role in supporting local operators and clients in the country and broader region. The center is designed to support full life-cycle oil and gas projects, focusing on improving production efficiency, reducing losses and maximizing economic recovery from developed fields. SLB’s participation at the forum showcases its commitment to enhancing Angola’s energy capabilities, with a focus on innovative solutions that drive operational success and contribute to the country’s long-term energy goals.

IAE 2025 (www.Invest-Africa-Energy.com) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

SLB’s projects in Angola, Libya and beyond exemplify its commitment to leveraging innovation and local expertise to advance Africa’s energy sector

In September last year, SLB unveiled its Lumi Platform, a new technology designed to support upstream and midstream operations in Angola. The company also released an integrated dataset covering the offshore Kwanza Basin, combining 11 separate datasets into a unified 40,000 km². This valuable resource will be crucial for companies interested in Angola’s upcoming 2025 Bid Round, with licensing rounds expected to be a key feature of the forum, highlighting the strategic alignment of SLB’s efforts with the broader industry discussions.

Kloss is also expected to discuss SLB’s work in Libya, where the company has entered into a strategic partnership with Waha Oil Company to boost production and develop local technical expertise. SLB’s contribution to Libya’s energy sector includes advanced reservoir studies, horizontal drilling techniques and simulation analyses to optimize oil recovery. These initiatives are expected to add approximately 100,000 barrels per day to Libya’s production, reinforcing SLB’s commitment to driving economic growth in North Africa.

SLB has announced plans to expand its presence in Algeria. In the Berkine Basin, SLB has been a key player in deploying advanced technologies like horizontal drilling and hydraulic fracturing, significantly improving hydrocarbon recovery from challenging reservoirs. Additionally, its expertise in seismic data interpretation has helped identify new reserves and extended the life of existing fields. At Hassi Messaoud, SLB has applied enhanced oil recovery methods to optimize extraction rates from the mature field. As part of its expanded operations, SLB is committed to introducing cutting-edge solutions and investing further in Algeria’s oil and gas sector, aligning with the country’s strategy to increase production and export capacity.

“SLB’s projects in Angola, Libya and beyond exemplify its commitment to leveraging innovation and local expertise to advance Africa’s energy sector,” said Sandra Jeque, International Conference Director, Energy Capital & Power. “The upcoming IAE 2025 serves as a platform to showcase these developments and facilitate discussions on the continued role of technology and partnerships in shaping the future of African energy.”

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

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Invest Africa and Premier Invest Announce Strategic Partnership to Catalyse Investment in Africa

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Invest Africa

This partnership will leverage key events for the global Africa-focused investment community, bringing together investors and corporates who are committed to the continent’s progress

LONDON, United Kingdom, November 13, 2024/APO Group/ — 

Invest Africa (www.InvestAfrica.com), the leading pan-African business platform, is proud to announce a strategic partnership with Premier Invest, a global investment conglomerate, aimed at driving transformative investment into Africa. This collaboration is set to identify and unlock new avenues for growth, innovation, and sustainable development across the continent through a series of targeted engagements, including The Africa Debate in London and the UAE, as well as Invest Africa’s Mining Series, held alongside the annual Mining Indaba conference.

This partnership with Invest Africa marks a significant milestone for Premier Invest as we seek to deepen our engagement in Africa and other emerging markets

As Africa stands on the brink of a new era of economic transformation, this partnership will leverage key events for the global Africa-focused investment community, bringing together investors and corporates who are committed to the continent’s progress and prosperity.

Chantelé Carrington, CEO of Invest Africa, commented on the partnership: ”Africa is entering a pivotal phase of economic transformation, and ensuring that the right investment and expertise are directed to the continent is crucial. Our partnership with Premier Invest is a great step towards this objective. By tapping into our expansive network, strategic communications, and robust events programme, we look forward to working alongside Premier Invest to channel the much-needed investment flows that will drive Africa’s growth.”

Rene Awambeng, Managing Partner of Premier Invest, added: “This partnership with Invest Africa marks a significant milestone for Premier Invest as we seek to deepen our engagement in Africa and other emerging markets. Invest Africa’s unrivalled network and market insights will be invaluable as we work together not only to identify and capture high-growth opportunities but also to contribute meaningfully to the economic development of the regions we serve, particularly across Africa.”

This partnership exemplifies the shared commitment of Invest Africa and Premier Invest to harness the full potential of capital in Africa and beyond. By uniting our strengths, we are laying the groundwork for transformative investments that will fuel economic growth and development for years to come.

Distributed by APO Group on behalf of Invest Africa.

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