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New Cameroon business incubator signs up with Pan-African tech firm and Finnish education technology network

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BB Incubator is the first of its kind in Africa to adopt the 5G Mokki Tech Spaces, a high-tech learning and communication environment in the shape of a small cottage

HELSINKI, Finland, May 24, 2022/APO Group/ — 

Today, the recently launched Boris Bison Youth Empowerment Business Incubator in Douala, Cameroon, the Pan-African video game publishing company Ludique Works and Start North (StartNorth.com), the Finnish technology learning accelerator network, have announced mutual memoranda of understanding to introduce their technologically advanced learning environments, the ‘5G Mokki Tech Spaces’, across the African continent.

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The new partnership comes just weeks after Boris Bison Youth Empowerment Business Incubator’s opening ceremony in Douala, where Cameroon’s Minister for Small and Medium-Sized Enterprises, Social Economy and Handicrafts Mr. H.E. Bassilekin III Achille offered Mr. Boris Ngala, the incubator’s Founder and CEO, his congratulations and personal support.

Having spent seven years abroad, Boris Ngala returned to his home country of Cameroon with a vision to reduce poverty through technology-driven solutions, entrepreneurial training and business advice.

Boris Bison Youth Empowerment Business Incubator (‘BB Incubator’ for short) provides office facilities, computer equipment services, internet connectivity, entrepreneurial training and business advisory services to promising local startup companies and young entrepreneurs.

The first of its kind

BB Incubator is the first of its kind in Africa to adopt the 5G Mokki Tech Spaces, a high-tech learning and communication environment in the shape of a small cottage. Mr. Ngala is also a Co-Founder of the 5G Mokki Tech Space network.

“Our aim is a Pan-African tech space network that connects the African continent to Europe and the rest of the world, promoting the learning and adoption of technology, remote work, and entrepreneurship. In addition to promoting education, jobs, and the economic development of the regions, the network also aims to curb climate change by utilising the latest technology.”

Mr. Boris Ngala, Founder and CEO of BB Incubator and one of the Co-Founders of the 5G Mokki Tech Space network.

‘Mokki’ is derived from the Finnish word ‘mökki’, meaning ‘cottage’. The cottage enables innovative uses of fifth-generation (5G) mobile communication technology.

In the case of the incubator and its startups, it can be used, among other things, to develop software applications that require ultra-fast internet connections, to render immersive, three-dimensional (3D), virtual-reality (VR) and augmented-reality (AR) learning experiences, as well as to deliver innovation services and remote work to corporations around the globe.

Compared to the technology standards preceding it, fifth-generation wireless communication technology will enable data connections that are a hundred times faster on mobile devices and ten times faster than the fastest fixed broadband services currently.

Its true potential lies in enabling entirely new categories of applications. Think remote control of drones, self-driving cars and complex industrial processes. Think remote surgery. Think remote work and meetings in virtual or augmented reality. Think remote learning. The operative word is “remote”.

5G’s ability to make the world a smaller place is Africa’s opportunity.

Ludique Works is deploying the cottages in Kenya and South Africa and is committed to building a network of 5G Mokki Tech Spaces in other African countries as well.

In addition to promoting education, jobs, and the economic development of the regions, the network also aims to curb climate change by utilising the latest technology

“The 5G Mokki Tech Space network has the ability to serve international and local companies, to provide creative-economy and technology based jobs and promote entrepreneurship based on the learning of the latest technology and hands-on projects that serve local conditions. Furthermore, this is supported by extensive national and international collaboration with universities and companies.”

Mr. Douglas Ogeto, Co-Founder and CEO of Ludique Works and one of the Co-Founders of the 5G Mokki Tech Space network.

Powerhouse potential

With its natural resources, young population and growing markets, Africa has the potential to become a productivity powerhouse. Given Europe’s and Africa’s overlapping timezones, European corporations could find access to technologically skilled labour and services from Africa via high-touch, 5G-enabled remote connections in real time.

The 5G Mokki Tech Spaces aim to hit several birds with one stone: to provide the technology that enables advanced learning environments with remote connectivity, as well as to offer learning solution content, starting in the fields of technology and entrepreneurship.

The 5G Mokki Tech Spaces are being developed by Start North, a Finnish accelerator network that aims to promote the learning and application of new technologies to meet the challenges of global sustainable development. The concept was pioneered by leading Finnish universities.

One of those is Aalto University, which is among the world’s top institutions in research and education of 5G technologies. As part of a co-innovation process with Nokia, the mobile communications technology giant, Aalto launched its Summer School in 2019 to involve students in creating real-life 5G applications. The Summer School produced the 5G Mökki with input from Start North, who were subsequently tasked to take the concept abroad.

As part of a collaboration programme between Start North and Ludique Works in Africa, over 250 young people from across the continent applied for the 5G Summer School. More than 60 participants successfully completed the programme with a number of them earning ECTS (European Credit Transfer and Accumulation System) credits.

Aalto is in talks with several business schools and universities in Africa, including the African School of Economics with campuses in Nigeria, Ivory Coast and Benin, and Addis Ababa University in Ethiopia. Furthermore, a project is underway to set up a 5G Mokki in a rural area in Zambia, powered by solar energy, to provide immersive learning and research in the field of agriculture.

Tapping into Africa’s talent

At the launch event of the 5G Mökki network at Häme University in Finland, in October 2021, Dr. Mark Nelson, founder and Director of Innovation at the Stanford Peace Innovation Lab, drew parallels between the high-tech cottage, the invention of the microscope in biology and the telescope in space research, allowing the exploration of social interaction and society without people having to travel from one place to another.

Without innovative approaches to training and job creation, traditional degree-based education falls short of creating sufficient employment opportunities. To illustrate this point, approximately half a million students graduate from Cameroon’s universities every year, but only some three thousand of these graduates tend to find employment. Cameroon is no exception in Africa.

The expansion of the 5G Mokki Tech Spaces network in Africa is in part facilitated by financial instruments developed jointly by the African Union and the European Union, aimed at improving connectivity, know-how, and sustainable social and economic development.

The 5G Mokki Tech Spaces network provides an opportunity for international corporations to tap into highly skilled, young African talent, not only to render remote work but also to spur innovation. Companies can, for example, submit a technology challenge to one of the 5G Mökki Summer Schools, or assign a fully-fledged development project.

Some of the best-known companies that have benefited from participating in previous 5G Summer Schools include Enel S.p.A, H&M AB, Konecranes Oyj, Nokia Oyj, Metso Outotec Oyj and Philips N.V.

Distributed by APO Group on behalf of Start North.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

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

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

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

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