Connect with us

Business

Xchange Box Celebrates a Successful Participation at GITEX Africa Morocco, Highlighting Innovative Agency Banking Platform and Continued Commitment to Financial Inclusion in Africa

Published

on

Xchange Box

Xchange Box’s presence at GITEX Africa 2024 was marked by a high level of interest in PayRep, its Agency Banking platform

ABUJA, Nigeria, June 12, 2024/APO Group/ — 

Xchange Box, a leading Nigerian fintech startup focused on financial inclusion, concluded its participation at the prestigious GITEX Africa (https://GITEXAfrica.com) Morocco, held from 29th to 31st May,2024 in Marrakech. The event served as a springboard for Xchange Box to showcase its innovative Agency Banking platform, PayRep, and connect with a vibrant community of industry leaders shaping Africa’s digital future. XchangeBox was represented at the event by her Co-founder and CCO, Abiola Jimoh. He is a venture builder with over 15 years’ experience in business incubation, partnership and growth development. Prior to co-founding XchangeBox, Abiola worked in the mobile money industry as an in-house counsel alongside his cofounders. He has also worked as an Associate in law firms and as Advisor to bluechip companies. He studied law from Obafemi Awolowo University, Ile-Ife Nigeria.

Download document: GITEX Africa Morocco 2024 Questions – Nigeria: apo-opa.co/3Xqf2nf

Download document: XBS Pitch May 2024: apo-opa.co/45pWQvY

He currently serves on the Board of companies in the agritech sector as well as payments. His business focus is on rural traders, and farmers giving them access to pension remittances, health insurance, government bills payments and micro loans for micro businesses in rural areas leveraging on Agency Banking Networks.

Revolutionizing Financial Inclusion through PayRep

Xchange Box’s presence at GITEX Africa 2024 was marked by a high level of interest in PayRep, its Agency Banking platform. The platform allows Point-of-Sale (POS) terminals in rural communities across Nigeria to become hubs for essential financial services, including health insurance enrollment and subscription payments, pension remittances for rural traders and farmers. This innovative approach has the potential to revolutionize financial inclusion for underserved communities, bringing crucial services to over 40,000 farmers and traders across Nigeria.

Positive Feedback and Strategic Connections

The event connected us with key people who expressed keen interest in how PayRep can streamline financial services access in rural areas and unlock new growth opportunities for underserved communities. The event also provided a valuable platform for Xchange Box to engage with established industry leaders and potential partners who share their commitment to financial inclusion in Africa. These connections will undoubtedly lead to exciting collaborations in the future.

Attracting Investment in Nigeria’s Booming Tech Ecosystem

Xchange Box is a prime example of a Nigerian startup attracting investment in the country’s burgeoning tech ecosystem. The company leverages a combination of debt financing, grants, and donor funds to fuel growth. Currently, Xchange Box is raising its first fund to deepen its growth and expansion model, fostering further financial inclusion across the continent.

Positioned for Success: A Roadmap to Growth

Xchange Box’s roadmap to achieve significant growth involves scaling operations, expanding its user base, and diversifying its product offerings. The company acknowledges potential challenges, including regulatory hurdles in targeted expansion regions, market competition, and securing sufficient capital. However, Xchange Box’s commitment to strategic partnerships, continuous innovation, and a customer-centric approach positions them to overcome these challenges and achieve their ambitious goals.

Xchange Box: A Leader in Shaping Nigeria’s Digital Future

Xchange Box recognizes the critical role of technology in shaping Nigeria’s digital future. The company actively participates in industry events like GITEX Africa Morocco to stay ahead of emerging trends.  They prioritize talent development, research and development, and strategic partnerships to ensure their products and services remain relevant and competitive. Additionally, Xchange Box fosters a culture of continuous improvement through customer engagement, ensuring their offerings meet the evolving needs of the communities they serve.

Building a More Inclusive Future for Africa

Xchange Box’s commitment to financial inclusion extends beyond product development. Community engagement and social responsibility are central to their mission and growth strategy. The company actively participates in community development projects, mentorship programs, and initiatives aimed at promoting financial literacy and inclusion. This dedication demonstrates Xchange Box’s commitment to building a more inclusive and prosperous digital future for Africa, not just through innovative technology but also through a deep understanding of the needs and challenges faced by underserved communities.

Xchange Box’s successful participation at GITEX Africa Morocco underscores their dedication to financial inclusion and their position as a leader in shaping Nigeria’s digital future. The company’s innovative solutions and commitment to social responsibility position them to make a significant impact on the lives of millions across Africa.

Distributed by APO Group on behalf of GITEX Africa.

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

Continue Reading

Business

Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

Published

on

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

Continue Reading

Business

Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

Published

on

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

Continue Reading

Trending

Exit mobile version