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Moneda Invest Supports Micro, Small and Medium Enterprises (MSME) Skills Development in Oil & Gas, Joins African Energy Week (AEW) 2024 as Partner

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2 years ago

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African Energy Week

As the premier event for the African energy sector, African Energy Week: Invest in African Energy 2024 will promote Africa’s local content development strategies

CAPE TOWN, South Africa, July 30, 2024/APO Group/ — 

Nigerian financial institution Moneda Invest and the Namibia Investment Promotion and Development Board (http://apo-opa.co/4dkmjJH) conducted virtual training sessions in July 2024. Aimed at equipping Micro, Small and Medium Enterprises (MSMEs) in the oil and gas industry with critical knowledge and skills, the sessions covered essential topics, including an introduction to the oil and gas sector and contracting strategies like Engineering, Procurement and Construction Management.

To further accelerate its mission of supporting African MSMEs in the oil and gas sector, Moneda Invest has launched a $500 million capital fund, based in Cape Town, South Africa. Targeting a $250 million investment from African and Africa-interested investors, the fund is specifically designed to bridge the financing gap faced by African SMEs in the energy industry. By providing access to capital, Moneda aims to empower these businesses to scale their operations, create jobs, and contribute significantly to Africa’s energy development.

In line with its commitment to foster growth in African energy while supporting MSME participation in oil and gas, Moneda Invest has joined this year’s edition of the African Energy Week (AEW): Invest in African Energy conference – taking place from 4–8 November in Cape Town – as a partner. Moneda Invest’s participation at the conference aims to strengthen opportunities for MSMEs across the sector by fostering collaboration and engagement among industry stakeholders.

Moneda is dedicated to unlocking the potential of Africa’s MSMEs by providing the necessary capital and expertise to drive their growth

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 https://apo-opa.co/4d7anvh for more information about this exciting event.

Investing in the energy value chain in Africa, Moneda offers technical and financial support to contractors who are looking to supply commodities, equipment or services across the energy and extractive industries. By 2025, the company aims to increase its operating fund size to $500 million, accelerate the volume of its transactions to $3 Billion while achieving an estimated social impact of $100 million over 5 years. Moneda also acquires industry data and information to support clients navigating the industry while supporting MSMEs in up-skilling – thus enabling them to compete in the industry.

In addition to technical and skills training, Moneda is providing financial support to help local businesses expand their operations and enhance their presence in both mature and emerging energy markets in Africa. During AEW 2022, Moneda signed a three-year partnership agreement with Namibia’s national oil company NAMCOR to collaborate on knowledge sharing, skills development and unlocking investment opportunities for MSMEs within the oil and gas sector. The agreement involved Moneda facilitating cooperation between Namibian MSMEs and experienced African energy companies. As part of the deal, Moneda committed to providing access to capital for ten Namibian companies in the hydrocarbons sector.  

As Namibia progresses with the development of its oil and gas discoveries – including French multinational TotalEnergies’ Venus-1X and Mangetti-1X wells, British multinational oil and gas company Shell’s Graff-1X, La Rona-1X, Jonker-1X and Lesedi-1X wells and Portuguese energy firm Galp’s Mopane-1X and 2X wells – the increased participation of local MSMEs will further strengthen the industry. At AEW: Invest in African Energy 2024, Moneda will provide an update on its activities within Namibia’s MSMEs and hydrocarbons sector, showcasing investment and partnership prospects for global investors.

Meanwhile, in Nigeria, Moneda has been instrumental in driving the growth of the oil and gas industry by facilitating the participation of indigenous companies by improving access to funding. Moneda works with various organizations such as the Nigerian Content Development and Monitoring Board and multilateral financial institution the African Export-Import Bank to provide Nigerian companies with capital and expertise. At AEW: Invest in African Energy 2024, Moneda will facilitate dialogue and collaborations between African oil and gas firms and international investors.

“Cooperation between public and private entities and international investors is vital to create a robust ecosystem for African MSMEs to contribute towards the development of the oil and gas industry. Moneda is dedicated to unlocking the potential of Africa’s MSMEs by providing the necessary capital and expertise to drive their growth.,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

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Learning curves: Addressing the skills shortage in African mining

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13 hours ago

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March 23, 2026

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mining

The discussion will unpack key factors contributing to the skills shortage and examine how stronger collaboration between mining companies, universities and Technical and Vocational Education and Training (TVET) institutions can help bridge the gap

CAPE TOWN, South Africa, March 23, 2026/APO Group/ –The African mining industry is undergoing rapid transformation, driven by technological advancements, increasing sustainability demands, and rising global demand for critical minerals. However, a widening skills gap continues to pose a significant challenge to the sector’s growth and long-term competitiveness.

 

To address this pressing issue, an upcoming webinar hosted by Vuka group’s Mining Review Africa will bring together industry experts to explore practical solutions for building a skilled and future-ready mining workforce across the continent.

The discussion will unpack key factors contributing to the skills shortage and examine how stronger collaboration between mining companies, universities and Technical and Vocational Education and Training (TVET) institutions can help bridge the gap. It will also consider how digitalisation and automation are reshaping workforce requirements, and what this means for the next generation of mining professionals.

Participants can expect insights on:

  • Key causes of the mining skills shortage across Africa
  • Strengthening collaboration between industry, universities, and TVET institutions
  • The impact of digitalisation and automation on workforce requirements
  • Strategies for developing the next generation of mining professionals
  • Practical solutions for upskilling and workforce development
  • How regional collaboration can develop a skilled workforce
  • Preventing the brain drain in African mining as skilled workers seek greener pastures

 

Event details:
Date: 7 May 2026
Time: 14:00 (SAST)

To register for the webinar, visit: https://apo-opa.co/4brnadB

Distributed by APO Group on behalf of VUKA Group.

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Business

Mining Review Africa Introduces French and Portuguese Website Translation

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13 hours ago

on

March 23, 2026

By

vukagroup

By enabling multilingual access, Mining Review Africa aims to better serve its diverse readership, including industry professionals, policymakers and investors who rely on timely mining news and insights

CAPE TOWN, South Africa, March 20, 2026/APO Group/ –VUKA Group’s (https://WeAreVUKA.com/) Mining Review Africa has introduced French and Portuguese translations on its website, responding to growing demand from readers across the continent.

 

This allows users to access content in multiple languages, improving accessibility for audiences in regions where English is not widely used.

We recognise that language should not be a barrier to information, especially in a sector that plays such a critical role in the continent’s economic growth

The move follows insights gathered by VUKA Group during its flagship mining events held across Africa, including DRC Mining Week, Angola International Mining Conference and Nigeria Mining Week The organisers noted a clear need for more inclusive communication, particularly in countries where French and Portuguese are dominant languages in business and industry engagement.

By enabling multilingual access, Mining Review Africa aims to better serve its diverse readership, including industry professionals, policymakers and investors who rely on timely mining news and insights.

“This development is part of our ongoing commitment to making mining content more accessible across Africa,” Mining Review Africa’s Editor-In-Chief, Gerard Peter said. “We recognise that language should not be a barrier to information, especially in a sector that plays such a critical role in the continent’s economic growth.”

The translation feature is now live and available to all users on the Mining Review Africa website.

Distributed by APO Group on behalf of VUKA Group.

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Business

Qianhai Launches OPC Mavericks Program to Empower Global AI Solopreneurs

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13 hours ago

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March 23, 2026

By

QianHai

SHENZHEN, CHINA – Media OutReach Newswire – 20 March 2026 – On March 18, Qianhai, a flagship hub for institutional opening-up, high-end services and technological innovation in southern China, officially opened the application portal for the Qianhai OPC (One-Person Company) International Community and launched its global OPC Mavericks Program. Adhering to the philosophy of “All Innovation, Zero Distraction”, the initiative aims to build the world’s leading ecosystem for AI-driven one-person companies.

Widely recognized as a pioneering zone for China’s institutional opening-up and a key innovation node in the Guangdong-Hong Kong-Macao Greater Bay Area, Qianhai leads the country in piloting cross-border cooperation, regulatory innovation and business-friendly reforms. It has grown into a highland for advanced services, tech research and development, and entrepreneurial ecosystems, connecting global talents, capital and technologies with the massive market of the Greater Bay Area.

The OPC Mavericks Program targets six elite groups: academic pioneers, tech veterans, global AI competition winners, elite prodigies, influential open-source contributors, and outstanding graduates in AI and computer science. Eligible projects should leverage generative AI, large language models, AI agents and automation to build sustainable closed-loop businesses.

As the world’s first vertical accelerator dedicated to OPCs, the community provides a tailor-made AI launchpad with the SENSE ecosystem and the “Eight Zeros” guarantee to remove startup barriers: supported office space up to 200㎡ for two years, talent housing up to 50㎡ per person, annual free computing power up to 50P, free LLM trials, Greater Bay Area market access, collateral-free loans, high-risk-tolerance seed funding, annual talent rewards up to 600,000 RMB, and one-stop services for visas, finance, IP, taxation and global internet access.

To help global innovators experience opportunities in the region, Qianhai offers the Shenzhen-Hong Kong 72-Hour Experience Pass, which was officially launched in 2025. This pass provides streamlined entry arrangements, guided visits to tech platforms, enterprises and research institutions in both cities, and on-site insights into the OPC entrepreneurship environment. It serves as a key channel for global talents to fully explore cooperation and development prospects in the Greater Bay Area.

The program supports AI solopreneurs to turn ideas into scalable businesses. Qualified applicants can submit core founder resumes and project pitch decks to inqianhai@qhidg.com to join the program and embrace new opportunities in the Greater Bay Area.

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