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Tech Industry Ready to Roll Up its Sleeves to Fight Climate Change at Africa Tech Festival

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Climate Change

The ICT sector has traditionally been a significant contributor to greenhouse gas emissions as data centres, for example, contribute to 2% of global GHG

LONDON, United Kingdom, September 16, 2022/APO Group/ — 

“Africa has sufficient resources to power itself entirely by clean energy. Therefore, the question for most of the continent is not one of transitioning to clean energy or reducing emissions in power generation, but how to effectively finance the development of clean energy in the continent.” Kellie Murungi Chief Investments Officer, East African Power

Each year, Africa Tech Festival (https://bit.ly/3Uj7v5I) addresses some of the most pertinent and pressing issues facing the African continent’s socio-economic future and the role that technology and communications’ play in facilitating this progression. One of the more burning issues that will be addressed is climate change, and with International Day for the Preservation of the Ozone Layer happening on 16 September, there’s no better time than to look beneath the hood and see what is on offer at this year’s event.

There had been rumblings from scientists about the dangers of household products and appliances to the ozone layer for many years. Lined up as potential public enemies were toiletries such as aerosols and shaving foams, as well as pulsing products the likes of fridges and air-conditioners, all of which were believed to be causing damage to the ozone layer. As is the case with most warnings from the scientific community, everyone ignored it until theory became reality in 1985, when a hole was spotted in said ozone layer.

With the planet’s natural sun shield now compromised, the world (notably the corporate world) was forced to re-design aerosols, foaming cans, fridges, and air-cons.

Industry was quick to act, including adapting factories, waste systems and recycling practices, to ensure they were ready for the rafts for regulations that were to follow. Key among these was the Montreal Protocol on Substances that Deplete the Ozone Layer, which came into effect on September 16, 1987. The Montreal Protocol was a significant statement of intent from the world’s leaders and marked an unprecedented turning point in the history of environmental protection and was ratified by every country in the world by 2008.

These changes have also had an impact on helping in the next great challenge faced by our planet – global warming. 

One industry that has expanded massively since the humble days of the “low-tech” 1980s, is the electronics and communications industry. Whereas in the 1980s, perhaps one in every three homes in the industrialised world had a personal computer for example, today that figure has potentially risen to two to three screens per person per household or more. The impact on global warming of all this production of screen-based equipment is potentially enormous, not to mention the energy needed to fuel them.

The ICT sector has traditionally been a significant contributor to greenhouse gas emissions as data centres, for example, contribute to 2% of global GHG. The sector, therefore, also has a real potential to play a part in combating climate change and taking steps to reduce energy consumption and operate more sustainably.  Consequently, Africa Tech Festival will host a Fireside chat: What is the role of Green ICT in combating climate change – on Tuesday 8 November- and one on Green ICT: Building a Continent powered by sustainable energy as a route to affordable and reliable electrification for all.

The fireside chat will ask the core question of how the ICT sector can look to lower its own significant impact on greenhouse gases. The panel will discuss best practice ways to lower carbon emissions as well as the possible impact of smart electricity grids and smart cities on lowering Africa’s carbon emissions.

Regarding Africa’s development of clean energy, Kellie Murungi Chief Investments Officer, East African Power remarks that: “Africa has sufficient resources to power itself entirely by clean energy. Therefore, the question for most of the continent is not one of transitioning to clean energy or reducing emissions in power generation, but how to effectively finance the development of clean energy in the continent.” 

A keynote address at AfricaCom, titled ‘How Carbon reduction can accelerate the creation of a digital economy’, will highlight the big question for the African continent, which is how governments can help to address the climate disaster without affecting the basic needs for its population.

Our hope is that AfricaCom will play a major role in connecting entrepreneurs, big corporate and major public sector players to create homegrown innovations

“Although Africa still may have many challenges in its way, there are also many opportunities for rapid advancement if the right questions are asked, such as how the continent can get ahead of the curve and collaborate across countries to build financially viable power projects, for instance,” says James Williams, Director, Events | Connecting Africa | Informa Tech.

“Africa’s economic future depends on the rapid development of ICT and related infrastructure across the continent, but it’s essential that all future projects and rollouts are in line with global best practice in terms of greenhouse gas emissions,” adds Williams. “Our hope is that AfricaCom will play a major role in connecting entrepreneurs, big corporate and major public sector players to create homegrown innovations that could help to drive these changes.”

Also worth attending:

Tuesday, 8 November 2022, 14:00 – 14:45
Panel: The Future of Africa must be driven by renewable energy
Although Sub-Saharan countries (excluding South Africa) are only responsible for 0.55% of the carbon emissions, 7 of the top 10 most vulnerable countries to climate change are in Africa. This session will explore how the continent can leverage its breadth of resources to become a leader in renewable energy production and reduce its vulnerability to the effects of climate change.

Tuesday, 8 November 2022, 14:45 – 15:30
Fireside Chat: Championing Sustainable Energy as a Route to Affordable and Reliable Electrification for All and As a Central Pillar of Africa’s 4IR

Wednesday, 9 November 2022, 12:50 – 13:15
Fireside Chat: Central Africa’s role in the green energy revolution
Countries across Central Africa have some of the lowest rates of electricity access across the continent with resources in the DRC, for example, covering less than 10% of the population. Given the climate, however, it is an ideal region to implement clean energy solutions to combat climate change and provide the population with a basic need

Wednesday, November 2022, 6pm-8pm

Africa Tech Festival Awards, with the announcement of the winner for the Green ICT Champion of the Year Award, an exclusive recognition of the individual or organisation leading on the development and integration of sustainable energy solutions.

For the full programme to the 2022 AfricaCom schedule, visit https://bit.ly/3xqxmi9

Further information can be found on the Africa Tech Festival website here (https://bit.ly/3QM3JhW)

FREE delegate passes are available here (https://bit.ly/3QKqhj5)

MEDIA – please use this link (https://bit.ly/3xnnhT2) to register for accreditation and advance news on announcements etc

Distributed by APO Group on behalf of Africa Tech Festival.

Business

Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup

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Liquefied Natural Gas

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/3ECl25bis 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.

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

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VFD Group Plc Reports Remarkable Growth in Audited Financial Statement for 2024 Financial Year

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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.

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African Energy Chamber (AEC) Champions Smart Policy, Strategic Partnerships to Advance Namibia’s Oil & Gas Discoveries

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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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