The event will gather major players across sectors to explore innovation, technology, and collaboration opportunities to find solutions for the digital inclusion challenges that Africa face
JOHANNESBURG, South Africa, September 27, 2022/APO Group/ —
Says Tiekie Barnard, Shared Value Africa Initiative (SVAI) CEO and Founder:
“We are co-creating the global future on the African continent and this gathering in Kigali in October is possibly one of the most important conventions of leadership and executives since the launch of the UN Sustainable Development Goals in 2015.”
“The connection between social progress and business success is increasingly clear, and companies must team up with governments, NGOs and yes, even competitors, to fully capture the economic benefits of creating shared value as a collective.”
“When Africa wins, the world wins, and now more than ever, it has become imperative to develop meaningful and effective partnerships for development between the public and private sectors. This Summit creates a unique opportunity and platform where leadership, as a collective, can discuss and provide input and solutions on how we can accelerate Africa’s growth through affordable, and accessible connectivity for all.”
“We have not yet cracked the code on mobilising the full power of business to drive social impact and profit on the African continent. While there is no silver bullet, the power of Shared Value is evident and there is a vast realm where Shared Value can be applied to drive a new wave of productivity and innovation on the continent that we call home. The time for change is now.”
Shared Value Africa Initiative (SVAI) and Shift Impact Africa have partnered with the GSM Association (GSMA), a global institution that represents the telco and digital service sectors, to bring together the sixth annual Africa Shared Value Leadership Summit and the Mobile World Congress Africa (MWCA).
Both events will take place alongside each other at the Kigali Convention Centre in Kigali, Rwanda, between 25 and 26 October 2022. His Excellency Paul Kagame, the President of the Republic of Rwanda, who will be joined by several other heads of state, will deliver the opening keynote.
Other speakers include, Sanda Ojiambo, Assistant Secretary-General of the United Nations Global Compact (UNGC); Mark Kramer, Senior Lecturer, Harvard Business School and Co-Founder of the Shared Value Initiative; Dr. Edem Adzogenu, Co-Chair of the AfroChampions Initiative; Jeremy Awori, CEO of Absa Kenya; Maria Cristina Papetti, Head of Global Sustainability, Infrastructure and Networks at Enel Group; and Lacina Koné, Director-General and CEO of Smart Africa.
This partnership with GSMA heralds a first for Africa and the global Shared Value community. The event will gather major players across sectors to explore innovation, technology, and collaboration opportunities to find solutions for the digital inclusion challenges that Africa face.
Both in-person events will feature programmes that will examine where the future of connectivity on the African continent is heading. “We are co-creating the global future on the African continent and this gathering in Kigali in October is possibly one of the most important conventions of leadership and executives since the launch of the UN Sustainable Development Goals in 2015,” says Tiekie Barnard, SVAI CEO and Founder. “The connection between social progress and business success is increasingly clear, and companies must team up with governments, NGOs and yes, even competitors, to fully capture the economic benefits of creating shared value as a collective.”
We are co-creating the global future on the African continent and this gathering in Kigali in October is possibly one of the most important conventions of leadership and executives
The Africa Shared Value Leadership Summit’s unifying theme ‘One Africa, One Voice’ underscores this need for organisations to work together across borders and industries to benefit all Africans in a sustainable way. Business and other leaders will delve into questions such as the role of technology to address climate risks in a just way; how business can accelerate digital inclusion in Africa, particularly for disproportionately affected groups such as rural populations and women; how we ensure that digital connectivity and shared value become the drivers of Africa’s growth, as well as the role of shared value thinking and digital innovation to boost intra-Africa Trade.
“The African Union’s 2020-2030 Digital Transformation Strategy aspires to universal digital access and a single pan-African digital market by 2030. Achieving this would create a profound impact on the continent. For instance, the World Bank estimates that a 10% increase in mobile internet penetration could translate to a 2.5% increase in gross domestic product (GDP) on the African continent,” says Barnard.
“When Africa wins, the world wins, and now more than ever, it has become imperative to develop meaningful and effective partnerships for development between the public and private sectors. This Summit creates a unique opportunity and platform where leadership, as a collective, can discuss and provide input and solutions on how we can accelerate Africa’s growth through affordable, and accessible connectivity for all.”
Technology holds the power to evermore change Africa’s future and address many of the continent’s systemic challenges. Yet the digital divide across Africa remains stark. Fewer than one-third of Africans have access to broadband connectivity. Of the 25 least-connected countries in the world, 21 are located in Africa. Three hundred million Africans live more than 50 kilometres from a fibre or cable broadband connection. At just 36%, Africa’s internet penetration compares poorly with the 62.5% global average, according to Statista’s latest global internet penetration rate.
“While digital innovation creates exciting new opportunities, it can exclude those who lack access to the digital economy. Creating a healthy and inclusive digital economy will require new thinking to generate safeguards against the many risks inherent in the application of technology, while channelling resources to areas of innovation that generate the greatest social impact on the continent,” says Barnard.
The Summit will host experts from across the industry for two days of networking, learning and collaboration. Sponsors include Abbott, Absa Bank Kenya, Old Mutual, Visa and the United Nations Global Compact (UNGC).
“The support of our sponsors – purpose-led companies that are committed to driving sustainability on the continent – has allowed us to plan an event that will be entirely different from years past. We would like to invite interested parties to register and join us in Kigali to connect, interact, and explore solutions to bridge the digital divide and fuel Africa’s growth,” says Barnard.
All registered delegates will have full access to both events for the duration of the Summit. There is also an option to attend the Summit virtually, via livestream, which includes access to the combined keynote addresses by some of the continent’s business luminaries.
“We have not yet cracked the code on mobilising the full power of business to drive social impact and profit on the African continent. While there is no silver bullet, the power of Shared Value is evident and there is a vast realm where Shared Value can be applied to drive a new wave of productivity and innovation on the continent that we call home. The time for change is now,” Barnard concludes.
Registrations have already opened, and there is no cost to attend.
Federico Petersen, Chief Commercial Officer of Golar LNG, will share his expertise on the future of LNG in Africa and the role of floating LNG solutions in driving the continent’s energy transformation at the Invest in African Energy Forum in Paris next month
PARIS, France, April 25, 2025/APO Group/ –Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen’s insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent.
As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations.
IAE 2025 (https://apo-opa.co/3ECl25b) 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 visitwww.Invest-Africa-Energy.com.To sponsor or participate as a delegate, please contactsales@energycapitalpower.com.
Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year.
The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen’s participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation.
As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa’s future, offering a reliable transition fuel to support the continent’s ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy.
Distributed by APO Group on behalf of Energy Capital & Power
Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023
LAGOS, Nigeria, April 25, 2025/APO Group/ –In a stunning turnaround, VFD Group Plc (https://VFDGroup.com), a proprietary Investment firm, has announced its audited financial results for the year ended December 31, 2024, showcasing exceptional growth. The journey to this milestone was paved with strategic initiatives and a relentless pursuit of innovation.
Just a year ago, businesses globally struggled with macroeconomic headwinds, and VFD Group, not an exception, reported a pre-tax loss of N1 billion in 2023. However, the team’s dedication and forward-thinking approach yielded impressive results. The Group reported a pre-tax profit of N11.2 billion, representing a 1202% year-on-year growth.
Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023. Net revenue increased by 90% to N71.0 billion, while operating profit grew by an impressive 104% to N48.8 billion.
The company’s financial performance was nothing short of remarkable, with notable achievements including:
– Investment and similar income: N74.6 billion, up 98% YoY
– Net investment income: N59.0 billion, up 95% YoY
– Net revenue: N71.0 billion, up 90% YoY
– Operating profit: N48.8 billion, up 104% YoY
– Pre-tax profit: N11.2 billion, a significant turnaround from a N1 billion loss in 2023
As of April 22, 2025, VFD Group’s market capitalisation surged by 116% to hit N121.6 billion from N56.2 billion year to date.
These outstanding results reflect the success of our team’s efforts. As VFD Group looks to the future, it remains committed to delivering exceptional value to its customers and stakeholders.
Distributed by APO Group on behalf of VFD Group Plc.
The African Energy Chamber is a strategic partner of the Namibia International Energy Conference, which kicked off today in Windhoek
WINDHOEK, Namibia, April 24, 2025/APO Group/ –As a strategic partner of the Namibia International Energy Conference (NIEC), the African Energy Chamber (AEC) (www.EnergyChamber.org) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration.
Speaking during a high-level panel at NIEC 2025, AEC Executive Chairman NJ Ayuk urged Namibia to seize the momentum of its frontier discoveries, while avoiding the pitfalls that have stalled progress in other hydrocarbon-rich African nations. He emphasized that Namibia’s path to becoming a regional energy hub hinges on its ability to learn from international case studies and execute deals that ensure long-term national benefit.
“Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries,” Ayuk stated. He pointed to Guyana as a prime example, noting how the South American country developed a robust strategy focused on national benefit and successfully attracted billions in investments to fast-track its energy projects.
Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries
In contrast, Ayuk cautioned against the delays experienced by countries like Mozambique, Tanzania, Uganda and South Africa, where production was significantly postponed, leading to rising project costs and lost opportunities. “There is a growing movement trying to discourage Africa – and Namibia – from producing its oil and gas. We must resist that,” he added.
Reinforcing the need for investor-friendly terms, Justin Cochrane, Africa Upstream Regional Research Director at S&P Global Commodity Insights, highlighted the necessity of contract stability, transparent data-sharing and a balanced approach to fiscal negotiations. “It’s natural that Namibia wants to maximize its benefits, but pushing too hard on IOCs can result in getting 100% of nothing… The first milestone must be achieving first oil,” said Cochrane.
Representing Namibia’s national oil company, Victoria Sibeya, Interim Managing Director of NAMCOR, stressed that the company is actively engaged in every phase of the industry, from data acquisition and exploration to shaping the downstream and midstream vision. “We are not just bystanders,” said Sibeya. “NAMCOR is deeply involved in data acquisition, exploration and the exchange of knowledge and technology with our partners. We are also preparing to invest in downstream and midstream sectors to ensure that we can add value once production begins.”
Echoing the call for local development, Adriano Bastos, Head of Upstream at Galp, underscored the need for early and continuous skills development – proposing that Namibians be trained abroad in specialized areas like FPSO operations to ensure they are prepared to lead once production begins at home. “Namibia has capabilities that are rare in the region, but more collaboration with international partners is essential to build the local skills base,” he said.
Bastos noted that Namibians make up 25% of Galp’s workforce in the country, including its first female offshore base manager. “We are proud of the strides we have made. Our nationalization plans are aggressive, and we work closely with [the Namibian Ports Authority] and other local entities to implement meaningful capacity-building projects.”
As Namibia stands on the cusp of transforming exploration success into production, the message from industry leaders is clear: time, trust and talent will determine the country’s trajectory. Through cross-border collaboration, pragmatic deal-making and a strong national vision, Namibia can emerge not just as an oil producer – but as a continental model for inclusive, forward-thinking energy development.
Distributed by APO Group on behalf of African Energy Chamber
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