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Pioneering Sustainable Solutions: Mazars Joins African Energy Week (AEW) 2023 as Gold Sponsor

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Mazars

International auditing, tax and advisory firm, Mazars joins African Energy Week 2023 as a Gold Sponsor

JOHANNESBURG, South Africa, October 27, 2023/APO Group/ — 

Adapting to macroeconomic forces and stringent regulations is crucial in the ever-evolving landscape of the energy, infrastructure, and environmental sectors. As the world seeks to meet increasing energy demand while addressing environmental and social impacts, Mazars, a distinguished audit, tax and advisory firm, stands at the forefront of innovation. The firm brings tailored solutions that cater to global needs while addressing local challenges.

The African Energy Chamber (AEC) is pleased to announce that Mazars has joined the African Energy Week (AEW) 2023 as a Gold Sponsor. Scheduled for October 16–20 in Cape Town, the event will address the most pressing matters in Africa’s energy industry, with energy leaders and experts offering solutions for how the continent can attract the investment it needs to industrialize. Mazars will contribute to this agenda, with the company’s sponsorship a testament to its commitment to an energy secure future in Africa.

For its part, Mazars specializes in comprehending specific markets, business operations, and future goals, assembling tailored teams that align with the client’s objectives and the hurdles they aim to overcome. The ultimate goal is to provide practical guidance on pertinent issues while ensuring successful outcomes. The firm’s flexibility enables it to collaborate with clients on commercial opportunities, enhance operational models, and fortify strategic decision-making, ultimately fostering sustainability and a transition towards new energies.

As Africa seeks to meet its growing energy demand and navigate sector complexities, Mazars’ contributions are invaluable

With emerging markets and new players entering the African energy sector, established companies face intensified competition for market share and resources, sharp fluctuations in commodity prices, and evolving policies for sustainable growth. As such, Mazars’ oil, gas, and natural resources sector offers invaluable clarity and strategic insights to thrive in this challenging environment. The firm believes in a global approach to address issues like price volatility, geopolitical factors, demand uncertainties, and sustainability challenges. The company’s team operates across five continents, providing tailor-made solutions for operational resilience and excellence.

Navigating complexity in the extractives sector, Mazars’ experts provide comprehensive support. From prefeasibility to operations, the firm optimizes corporate structures, facilitates external growth, and manages intricate capital projects. Additionally, it harnesses the power of data, enhancing performance, managing risk, and ensuring data security and regulatory compliance.

Renewable energy, driven by decarbonization, decentralization and digitalization, is transforming global energy production. Mazars recognizes this and therefore offers an integrated team of specialists to guide clients through the complexities of this sector. The company assists clients secure financing, maximize returns, and operate efficiently while adhering to environmental, social, and governance standards. Furthermore, Mazars’ expertise extends to net-zero commitments, decarbonization policies, electric vehicle infrastructure, SMART grids, and more. The firm provides tailored audit and advisory services to help clients meet the energy needs of the future while addressing global challenges.

“In Africa’s dynamic energy landscape, Mazars plays a pivotal role. The firm’s solutions and expertise drive sustainable innovation and resilience. As Africa seeks to meet its growing energy demand and navigate sector complexities, Mazars’ contributions are invaluable. The firm provides the clarity and strategic insights needed to thrive in a competitive market while ensuring sustainability remains at the forefront,” states NJ Ayuk, Executive Chairman of the AEC.

As a Gold Sponsor for AEW 2023, Mazars exemplifies its commitment to pioneering sustainable solutions and driving innovation in the energy, infrastructure, and environment sectors. The company’s tailored approach, global reach, and dedication to sustainability make it invaluable in shaping the future of Africa’s energy landscape.

Distributed by APO Group on behalf of African Energy Chamber.

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

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Sinclair

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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Sonangol

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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