The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €63.09 million loan to Cameroon to promote entrepreneurship and improve skills to match industry needs. Multinational partners, the private sector and the Cameroonian government will contribute approximately €2 million to the project cost, estimated at €64.93 million. Covering five of Cameroon’s […]
African National Oil Companies (NOC) are playing a much larger role in Africa’s energy sector, representing competitive operators and partners in their own right. Companies to the likes of GEPetrol, Equatorial Guinea’s NOC, continue to be instrumental in unlocking the true potential of both on- and offshore energy markets, and are gradually positioning themselves as
GEPetrol MD Teresa Isabel Nnang Avomo to Lead Investment Dialogue During AEW 2023 Read More »
As Africa’s energy sector stands on the threshold of a transformative era, the spotlight shines on the crucial role of local content initiatives in fostering regional skills and economic development. In line with this vision, the African Energy Chamber (AEC) (http://www.EnergyChamber.org), the voice of the African energy sector, is proud to announce that Simbi Wabote,
The Democratic Republic of Congo (DRC) is undertaking an ambitious upstream drive in the hopes of attracting new players to the market, increasing production and ushering in a new era of energy security for the central African nation. While a 30-block licensing round currently underway is set to open the market up for frontier exploration,
Democratic Republic of Congo Upstream Market Grows Amid Angolan Collaboration Read More »
One of Africa’s major oil and gas producers, Angola is demonstrating commendable efforts in prioritizing regional collaboration to ensure energy security and stimulate growth across the regional energy sector. By leveraging its position, resources and experience, Angola is forging strategic partnerships with neighboring countries, signing significant agreements, and initiating cross-border collaborations. These endeavors serve as
Regional Collaboration Consolidates Angola’s Position as an Oil and Gas Hub Read More »
UN Women Ethiopia organized the Annual Women’s Economic Empowerment Forum ’NWEEF’ under the theme “Innovation and Technology to Enhance Women’s Economic Empowerment”. The event took place in Addis Ababa, in May 2023, for the second time after its launching on April 2022. The forum brought together 190 participants of comprising 133 female and 57 male
UN Women Ethiopia hosts the Annual Women’s Economic Empowerment Forum, 2023 Read More »
The Nigerian Content Development and Monitoring Board (NCDMB) will soon issue policy directives on in-country manufacturing capabilities of pumps, flanges, valves, and other major equipment categories utilised in different streams of the oil and gas industry, which constitute a huge percentage of capital and operational expenditures. The Executive Secretary Nigerian Content Development and Monitoring Board
There is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, has said. He said attracting the necessary funding will be dependent on regulatory reforms, fiscal
Nigeria’s upstream sector needs success stories to attract more investments – Seplat CEO Read More »
The African Energy Chamber (AEC) (www.EnergyChamber.org), the voice of Africa energy sector, is proud to announce that Vince Trovato, CEO of Global Strategies, has been appointed as the newest Board Member of the Chamber. Trovato, an international business consultant with a focus on global geopolitical and energy issues, has held a wide range of leadership
AEC Welcomes Global Strategies CEO Vince Trovato as its Newest Board Member Read More »
Yara International ASA (www.Yara.com), a global leader in plant nutrition headquartered in Oslo, Norway, announces that it has finalized an agreement to sell its majority stake in Yara Cameroon to NJS Group, which has been the minority shareholder since the company’s inception in 1995. Once this transaction is completed, NJS Group will become the sole shareholder
Yara’s participation in Yara Cameroon acquired by NJS Group, the minority shareholder Read More »
