Connect with us

Business

The Way of an African Legend: A Tribute to Benoît de la Fouchardière of Perenco (By NJ Ayuk)

Published

on

Benoît de la Fouchardière

As the managing director of Perenco, he has driven the company’s successful expansion into new territory and has kept it on course to become one of the biggest investors and taxpayers in Central Africa

Egalement disponible en Français

JOHANNESBURG, South Africa, April 3, 2024/APO Group/ — 

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org).

On Feb. 6, 2024, the Anglo-French oil and gas company Perenco announced that it had appointed a new CEO to replace the incumbent Benoît de la Fouchardière, who has served in this capacity for the last eight years. In a press release, London-headquartered Perenco noted that de la Fouchardière would be replaced by Armel Simondin, the general manager of the company’s Cameroonian division, effective March 15.

At first glance, this press release reads like an unremarkable notice of corporate personnel turnover. It hails the achievements of de la Fouchardière, who is now slated to take the helm at Dixstone, an affiliate of Perenco. It also includes an upbeat statement from chairman François Perrodo about the company’s prospects under Simondin, a long-time employee of Perenco as well as an industry veteran.

In other words, it reads like a short statement about an ordinary example of change in leadership.

In my perspective, however, it’s an overly modest tribute to an extraordinary person. It doesn’t say enough about the contributions de la Fouchardière has made to Perenco’s operational and socioeconomic successes in Central Africa, which is home to about half of the company’s assets.

And those contributions are substantial.

Operational Successes

On the upstream front, de la Fouchardière has led the company in expanding its portfolio through Central Africa while also lifting production. Between 2017 and 2020, for example, he guided Perenco through the acquisition of most of TotalEnergies’ Gabonese assets. Then in mid-2022, he steered Perenco’s acquisition of Glencore’s upstream portfolio in Chad, thereby adding the large and untapped Badila and Mangara fields to its list of assets.

Later in 2022, de la Fouchardière also oversaw the company’s announcement of a large new oil discovery at the Pointe Noire Grand Fond Sud licence located off the coast of the Republic of Congo. And in 2023, he led Perenco through the signing of a contract for Rio del Rey (RDR), a concession in Cameroon that accounts for about 70% of the country’s total crude production.

De la Fouchardière has also championed Perenco’s efforts to develop its natural gas value chain by moving beyond production. During his term, the company began the process of transforming Gabon into a gas hub. It has, for example, agreed to work with Gabon’s Ministry of Oil and Gas to develop plans for the construction of a thermal power plant (TPP) that will use locally produced gas as feedstock for electricity production. This project is expected to help alleviate energy poverty within Gabon, thereby ensuring that the country gains direct benefits from its own natural resources.

The company has also made a final investment decision (FID) on a plan to build a facility capable of turning out 0.7 million tonnes per year (tpy) of liquefied natural gas (LNG). This facility, located in Cap Lopez, will also be able to manufacture liquid petroleum gas (LPG). As such, it will be able to process gas to produce LNG for export as well as LPG for domestic and regional use.

From the beginning, Perenco has been engaged with the Republic of Cameroon to have a positive impact at local, regional, and national levels

This is important, as LNG exports can generate revenue for Perenco — and also for the government of Gabon, which is entitled to a share of profit production. But the benefits don’t end there. The LNG project also helps supply Gabon and other Central African states with LPG, a clean-burning fuel for cooking, heating, and lighting that can replace traditional biomass-based fuels such as wood and charcoal and dirtier-burning petroleum products such as kerosene.

Environmental and Social Initiatives

That brings me to another point — namely, what Perenco has accomplished on the environmental and social fronts.

De la Fouchardière outlined some of his company’s achievements in an interview with The Africa Report in February. He noted that Perenco had worked to develop new technologies and procedures to minimize environmental risk and asserted that it had gone further in this direction than other international oil companies (IOCs).

“With our subsidiary Petrodec, we are the only ones to have launched a complete dismantling of oil wells that have ceased production and [taken] ad hoc environmental measures. Today Petrodec is working on two rigs in the UK, in the North Sea, but tomorrow its services could be called upon anywhere – for example, in Africa – to ensure the definitive closure of extractive sites,” he explained.

He also pointed out that the company was working with local government bodies to mitigate pollution and environmental damage wherever it occurred. “Despite everything, accidents can still happen and this is true for Perenco as it is for most oil groups,” he told The Africa Report. “In this case, we are doing everything we can to contain and treat the pollution, as we have just done in Gabon, in close collaboration with the relevant authorities.”

Additionally, de la Fouchardière stressed the company’s commitment to cooperation and good relationships with host communities. Perenco has launched multiple social and economic development initiatives to support the residents of the places where it operates and will continue to do so, he said.

“As for relations with local communities, we have a very specific corporate social responsibility (CSR) policy,” he stated. “Unlike other companies, we have not delegated it to external service providers but have internalised it because it is a question of responding to the real needs of the populations we meet on the ground. In Muanda [Democratic Republic of Congo], for example, our teams live among the population, including expatriate engineers. In consultation with local stakeholders, we have launched projects to improve access to electricity, education, and agroforestry as well as search for solutions to better preserve fish to be sold in Kinshasa.”

Virtuous Circles

These statements hardly come as a surprise to me and my colleagues at the African Energy Chamber (AEC). After all, de la Fouchardière spoke to us in April 2023 about similar steps Perenco has taken in Central Africa and beyond.

“From the beginning, Perenco has been engaged with the Republic of Cameroon to have a positive impact at local, regional, and national levels. At the national level, through revenues generated by our activity, employment, and training of young Cameroonians from all regions and all disciplines. Locally, we are working with IECD [Institut Européen de Coopération et de Développement], a non-governmental organization partner, to develop micro-entrepreneurial initiatives, teaching people to learn how to manage funds and reinvest effectively,” he said.

He continued: “[From] a global standpoint, we are engaged in a global initiative to remove plastic waste from the countries where we operate: Plastic Free. We are developing a pyrolysis machine at a small scale and another at an industrial scale (to be installed in Cap Lopez in Gabon). It will clean the plastic from the country and use it to produce diesel in a virtuous circle, also reducing the need for diesel imports.”

What’s more, this isn’t the only virtuous circle Perenco has set in motion. Under de la Fouchardière’s leadership, the company has maintained a policy of hiring a majority-African workforce for all of its operations — and it has increased the number of women working in the oil and gas industry. It has worked to maximize local content across its African portfolio, and it has sponsored football competitions in Cameroon and organized annual marathons in Gabon.

These are just some of the reasons why I believe de la Fouchardière deserves a round of applause. As the managing director of Perenco, he has driven the company’s successful expansion into new territory and has kept it on course to become one of the biggest investors and taxpayers in Central Africa. At the same time, he’s worked to uphold Africans and African interests. We at the African Energy Chamber are fortunate to have worked with him, and we wish him well in his future endeavors.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Creative Africa Nexus (CANEX) WKND 2026 opens in Lagos, bringing together leading African and diaspora creatives, investors and policymakers

Published

on

The four-day gathering will convene leading voices from film, music, fashion, sport, publishing, gastronomy and business to advance trade, investment and commercial opportunities across Africa’s creative economy

LAGOS, Nigeria, November 5, 2026/APO Group/ –Creative Africa Nexus (CANEX) WKND 2026 has opened today in Lagos, bringing together leading creatives, investors, policymakers, business leaders and cultural figures from across Africa and the diaspora for four days of conversations, deal-making, performances, exhibitions and industry-focused sessions.

 




  

Hosted by the Federal Government of Nigeria and organised by African Export-Import Bank (Afreximbank) through its Creative Africa Nexus (CANEX) programme, this year’s event runs from 5 to 8 November under the theme “One People, United in Culture, Creating for the World.”

The 2026 programme spans film and television, music, fashion, sport, literature and publishing, gastronomy and visual arts, with a strong focus on finance, intellectual property, technology, skills, investment and market access.

Across the four-day programme, CANEX WKND will provide platforms for deal-making, industry dialogue and sector-specific engagement, including the CANEX Deal Room, with the aim of turning creative talent and ideas into stronger businesses, partnerships and commercial opportunities.

That ambition reflects the evolution of Afreximbank’s commitment to Africa’s creative and cultural industries in 2020, subsequently doubling this to US$1 billion before quadrupling the original commitment financing available to US$2 billion.

The expansion reflects Afreximbank’s wider objective of helping African creators and creative businesses build scalable enterprises, strengthen ownership of intellectual property and retain more of the economic value generated by African culture and creativity.

The opening ceremony is expected to feature addresses by Ministers of Culture and Creative Industries across 11 African countries, Dr George Elombi, President and Chairman of the Board of Directors of Afreximbank, H.E. Dr Olajumoke Omoniyi Oduwole, Nigeria’s Minister of Industry, Trade and Investment, H.E. Wamkele Mene, Secretary-General of the African Continental Free Trade Area Secretariat, and H.E. Babajide Sanwo-Olu, Governor of Lagos State among other dignitaries.

The programme will bring together some of Africa and the diaspora’s most influential cultural and industry figures. Participants include Nobel Laureate, writer and playwright Professor Wole Soyinka; Emmy Award-winning actor Uzo Aduba; filmmaker and actor Funke Akindele; actors Richard Mofe-Damijo and Thuso Mbedu; former professional footballers Didier Drogba and Jay-Jay Okocha; alongside leading figures from Africa’s music, film, fashion, sport and creative business sectors.

The event will also include performances and appearances from musicians and entertainers such as Davido, Fally Ipupa, Flavour, Libianca and Charlotte Dipanda, reflecting CANEX WKND’s combination of industry engagement with live cultural programming.

Beyond the headline names, the programme places a strong emphasis on the business of Africa’s creative economy.

On 6 November, a high-level conversation titled “One Market, One Culture: Building the Creative Economy of Global Africa” will examine the steps required to convert the growing global influence of African culture into stronger creative businesses, exports and investment. Speakers include Professor Wole Soyinka; ministers responsible for culture and the arts from Côte d’Ivoire, South Africa and Rwanda; International Finance Corporation representatives; and from Afreximbank.

Financing will also be central to the programme. The Creative Economy Finance Summit, presented by Afreximbank in partnership with the Creative Economy Practice at Co-Creation Hub, will bring financial institutions and investors together to examine how creative-economy transactions can be structured, financed and de-risked.

CANEX Creations Inc. will lead discussions on unlocking investment in African intellectual property, while the CANEX Deal Room and Creative Pitch Sessions will connect creative entrepreneurs directly with financiers and investors considering opportunities across film and television, music, fashion, sport, publishing, gastronomy, visual arts and creative infrastructure. Technology and the changing economics of creative production will feature prominently. Sessions will examine artificial intelligence, authorship and intellectual property; the use of technology to reshape creative businesses; and how African creators can use digital tools to develop globally competitive products.

The CANEX CreaThon, delivered with pan-African technology company Gebeya, will bring creators, developers and innovators together around projects in music, video and gaming, supported by African-built digital tools, mentorship, computing resources and a US$50,000 prize pool. Film and television programming will explore both storytelling and the commercial infrastructure required to take African content to wider audiences. Sessions include “Stories Without Borders: Africa, Hollywood & the Global Diaspora”, featuring former Afreximbank President Professor Benedict Oramah, and “Made in Africa, Watched in Africa”, which will examine research into film distribution, audiences and financing across Egypt, Kenya, Nigeria, Rwanda, Senegal and South Africa.

Sport will form another major strand of CANEX WKND 2026. Discussions will examine athlete development, management, commercialisation and the links between sport and the broader creative economy. Didier Drogba and Jay-Jay Okocha are scheduled to participate in “When Giants Speak: The Business of the Game,” while the weekend will conclude with a Legends Football Match at Onikan Stadium on 8 November. Fashion programming will include masterclasses on building profitable African brands, textile value chains, market access and intellectual property, alongside the CANEX Fashion Show and Awards Night.

In gastronomy, the CANEX Junior Chefs Competition, Africa Jollof Wars Competition and a series of live demonstrations and conversations will explore how African food, ingredients and culinary traditions can become stronger commercial propositions across domestic, continental and global markets. Publishing and literature will feature through the CANEX Book Factory, Book Fair, writers’ workshops, manuscript pitching and the CANEX Prize for Publishing, while visual arts programming will combine exhibitions, collector engagement and practical sessions for artists navigating Africa’s growing art ecosystem.

On 7 November, CANEX WKND 2026 will host a major concert bringing together artists from across Africa and the diaspora, before the programme continues into its final day on 8 November with cultural excursions, gastronomy activities, the CANEX Music Factory Songwriting Camp and the Legends Football Game.

Distributed by APO Group on behalf of Afreximbank.

 




 

Continue Reading

Business

Coca-Cola system invests USD 1.22 million to strengthen water security in Namibia

Published

on

The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030

WINDHOEK, Namibia, November 5, 2026/APO Group/ –As Namibia continues to face recurring droughts and growing water demand, the country’s water resources are under increasing pressure. Windhoek is situated in one of the most water-stressed regions in sub-Saharan Africa, where low and unpredictable rainfall, combined with high evaporation rates, continues to challenge water availability and long-term water security.[1]

 




  

To help address these shared water challenges, the Coca-Cola system is investing USD 1.22 million in the //Gam-i Swakop Basin Resilience Project, designed to help strengthen water security and support ecosystem restoration in the Swakop River Basin, a vital water source for the city of Windhoek and surrounding communities.

The //Gam-i Swakop Basin Resilience Project aims to support improved water availability and help strengthen the resilience of the Swakop River Basin through nature-based solutions that support sustainable water resource management across the catchment area.

Implemented in collaboration with the Global Water Challenge (GWC) and World Wildlife Fund (WWF) Namibia, the project includes the construction of two sand storage dams, restoration of 235 hectares of land through the clearing of invasive alien plants, and the planting of 750 trees in river buffer zones and environmentally degraded areas within Windhoek’s informal settlements. In addition, two boreholes will be drilled to support groundwater recharge in the Windhoek aquifer, and a water resilience action plan has been developed.

Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities

This work forms part of the Coca-Cola system’s Africa Water Stewardship Initiative, launched in 2024. The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030.

“Because water challenges are local, our approach to water security is focused on local action and collaboration,” said Alfred Olajide, Vice President of East and Central Africa Operations at Coca‑Cola. “The Coca‑Cola system remains focused on helping to promote water stewardship, increasing water use efficiency, and treating and returning safe water to communities.”

Henry Friedrich, General Manager of Coca-Cola Namibia Bottling Company (CCNBC) added: “As part of the Coca-Cola Beverages Africa group, we have a responsibility to assist those who face water scarcity and to help protect local water resources where we operate, especially in places with the biggest challenges. Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities.”

WWF Namibia Country Director, Dr Juliane Zeidler, said: “Water is one of Namibia’s most precious and increasingly vulnerable resources. This project is an opportunity to demonstrate how investing in healthy ecosystems can deliver tangible benefits for people, while also helping communities become more resilient to future climate pressures. We hope the lessons and partnerships developed through this initiative can inform similar approaches elsewhere in the country.”

“Collaboration is essential to addressing shared water challenges effectively. Coca-Cola and its authorised bottlers continue to work with governments, businesses, and civil society organisations to design and implement strategic interventions,” concluded Olajide.


Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

Continue Reading

Business

‘Power, Protect, Purchase’: Africa Made It unveils blueprint to capture USD 34B in GDP and accelerate African industrial sovereignty

Published

on

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit

African culture, design, and storytelling influence global fashion, music, and media like never before

LAGOS, Nigeria, November 5, 2026/APO Group/ –Africa Made It (https://AfricaMadeIt.co/), the continental movement driving Africa’s industrial sovereignty, today officially launched its campaign, “Power, Protect and Purchase,” at the CANEX weekend in Lagos, Nigeria. Aimed at unlocking USD 34 billion in annual GDP contribution through a structural transition from unprocessed raw cotton exports to end-to-end local garment processing, the initiative seeks to turn Africa’s vast natural wealth into sovereign, self-sustaining economic power.

 




  

Africa Made It is driven by a consortium of leading pan-African organisations, advocacy groups, and media organisations who are positioning Africa as a global investment hub. Its flagship campaign, spotlighting the fibre-to-fashion value chain, presents a clear roadmap for continental industrialisation: securing competitive energy power for local industrial mills, enacting policy measures to protect emerging domestic manufacturers from unfair foreign imports, and rallying African consumers to purchase locally manufactured apparel. Together, these three pillars ensure that value created from African resources remains on African soil.

 

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit.  Building the continent’s domestic processing capacity in spinning, weaving, and sewing locally produced cotton will sustain nearly two million permanent industrial jobs and inject approximately USD 33 billion directly into domestic household incomes every year, in addition to a recurring contribution of USD 34 billion to the continent’s GDP.

 

While these figures reveal the immense macro-economic potential of the value chain, the true heart of this transformation lies in its human impact. Industrial wages and local lint purchases leading to increased capital circulation in rural communities can drive community micro-economic vitality and contribute to rural poverty reduction. Additionally, formal employment opportunities can expand drastically for women, as they currently make up between 70-90% of garment factory workers on the continent.

 

Realising this vision and changing the lives of millions of people requires a deliberate combination of targeted investments, supportive trade policies, and consumer mobilisation. A USD 1.8 billion capital allocation toward critical structural enablers for garment transformation is the foundation for bridging Africa’s missing middle in the fibre-to-fashion value chain.

 

Marie Wilke, editor-in-chief of the Africa Made It magazine, said, “African culture, design, and storytelling influence global fashion, music, and media like never before. Yet, without domestic manufacturing infrastructure, Africa’s creative authority yields very little economic return. Linking raw cotton harvest directly to local processing ensures that the intellectual property, commercial margins, and industrial jobs remain on the continent. It is time to wear our power.”

 

To learn more about the potential of Africa’s fibre to fashion value chain, watch the campaign video (https://apo-opa.co/4BKAIvY) or read the Africa Made it (https://apo-opa.co/4zvA5VF)magazine (https://apo-opa.co/4zvA5VF). Access the campaign website and resources in English (https://apo-opa.co/4zvA5VF) and French (https://apo-opa.co/4zrK8e2).

Distributed by APO Group on behalf of Africa Made It.

 

 




 

Continue Reading

Trending

Exit mobile version