Author: Francis Mwema

• Tanzania managed to attract Foreign Direct Investments (FDIs) totaling 2.9 billion US Dollars in five months between March and August.
• Tanzania’s total foreign reserves reached a historical high, sailing well above the regional benchmarks.
• The central bank attributed the reserve increase to exports of goods and services that increased by 6,1 percent.

During the tumultuous period, of Covid-19 Tanzania’s economy largely operated under the premise of business as usual. Despite this approach, the country was less confronted with an unavoidable slowdown in some of its key sectors but not all may be tourism got its fair share of the effect of Covid-19, which resulted to the slowdowns in the economies of its key trading partners.

In May 2020, when many countries in the region were starting to realize the full extent of the short- to mid-term economic crisis associated with Covid-19, the Monetary Policy Committee of the Bank of Tanzania …

• AOW 2021 included comprehensive discussions about the future of the continent both in terms of achieving the green agenda and zero-emission targets
• With the UAE’s investments in Africa reaching $5.64 billion in recent years, AOW will serve as a platform to fuel future collaborations and partnerships that can result in additional high-value deals in the energy sector.
• Moving on pace with its diversity and inclusion agenda, the AOW initiated the AOW Accelerates: Diversity & Inclusion programme, which champions greater diversity, equity and gender parity across the industry.

November 11, 2021, marked the final sessions of the most prestigious upstream conference which run for four days from the 8th of November.

The Africa Oil Week held at the Madinat Jumeirah in Dubai, saw stakeholders and leading Oil countries across the continent partake at this prestigious event which ended with high-value deals, and strong intent for future investments in the continent.

This …

• AEW 2022, in partnership with various international oil companies, national oil companies, and governments, is the AEC’s annual conference, exhibition, and networking event.
• AEW 2022 will build on the momentum of the 2021 conference, providing sessions whereby the discussion on Africa’s upstream, midstream, and downstream sectors will be provided.
• AEW 2022 is focused on positioning regulatory reforms at the center of Africa’s energy sector development.

After a successful end to this year’s Africa Energy Week 2021[AEW], the African Energy Chamber has announced the next year’s dates.

The 2022 Energy premier week will take place from the 31^st of October to the 4^th of November 2022 across multiple venues at the V&A Waterfront in Cape Town, The African Energy Chamber has announced.

The second edition is deemed to be a bigger Energy event in the Continent under the theme ‘Developing Africa’s Energy Future by Creating an Enabling Environment.’

This …

• Calls for monetizing natural gas dominated the just concluded Africa Energy Week 2021 in South Africa.
• AEW 2021 is committed to driving energy sector growth as well as the transition to cleaner sources of fuel.

The African Energy Week 2021 emphasized the role of natural gas in Africa and provided African stakeholders with the opportunity to not only engage in but drove the conversation on natural gas in Africa’s energy future.

Investors and leaders drawn from different parts of the continent campaigned for this noble venture to the respective countries saying that Africa’s natural gas resources potentially can accelerate socio-economic growth and eradicate energy poverty.

Accordingly, many nations are seeking enhanced investment to maximize and monetize resources. As the continent’s premier energy event, African Energy Week (AEW) 2021, aims to build on this momentum, promoting innovative strategies to monetization, addressing challenges hindering development, and charting a way forward for the …

• Through the passing of the Petroleum Industry Bill (PIB) on 1 July 2021, Nigeria has taken significant steps to boost oil and gas output.
• Projects such as the $2.8 billion, 614Km Ajaokuta-Kaduna-Kano (AKK) pipeline connecting the eastern, western, and northern regions of the country, have been driven by the country’s gas policies.

Nigeria has for years dominated the investment space in Oil and Gas in Africa. For decades it has emerged as the only country in Africa that is at the forefront of attracting the biggest players in the sector and steering forward project developments across the Value chain.

With the Covid 19 pandemic bringing to a halt many business opportunities and frozen investment in most parts of the world, Nigeria was largely impacted as finance trends started shifting during this time from fossil fuels to renewable resources, and this time African hydrocarbon players such as Nigeria found themselves competing …

• The event welcomed more than 2,000 delegates attending from 75 countries around the world.
• Over 600 early-stage Angel and VC investors connected at the annual summit to take stock of the industry’s progress and to chart the way forward.
• Improving investor support and access to capital for women was also high on the agenda.

The 8th edition of the African Early Stage Summit (#AESIS2021) (www.africainvestorsummit.com) held on three consecutive days of November 3rd, 4th, and 5th in collaboration with VC4A (vc4a.com) and ABAN (ABANangels.org) saw investors and business people meet online in an event hosted in 13 cities around the world.

This was the largest event to be held of this nature around the world with over 2000 delegates gracing the event from 75 countries around the world.

In addition over 600 early-stage Angel and VC investors connected at the annual summit to take …

• Different stakeholders came together in an exclusive Ministerial & VIP Symposium from across the energy value chain to host a progressive discussion around sustainable energy development for the continent.
• AOW will serve as a platform to fuel future collaborations and partnerships that can result in additional high-value deals in the energy sector.
• Africa continent relies on the energy sector to power wealth creation, entrepreneurship, private sector expansion, and industrialization

The highly anticipated Africa Oil Week (AOW) (www.Africa-OilWeek.com) 2021 that kicked off today at Madinat Jumeirah in UAE recorded a quite impressive response on its inaugural day with participation from over 1500 attendees from around the world.

This event which is expected to come to an end on 11th November brought together more than 30 heads of government departments from the African continent and the Middle East and high-level delegations including executives from some of the biggest global oil …

• Afreximbank has identified intra-African trade as a critical factor for unlocking Africa’s economic potential.
• A conference will run alongside the exhibition and will feature high-profile speakers and panelists addressing topical issues relating to trade, trade finance among other sectors.

In a bid to reiterate its commitment towards promoting the trade agenda in Africa, PAC Capital Limited ‘PAC Capital’ (PACCapitalLtd.com), a member of PanAfrican Capital Holdings Group, has concluded plans to sponsor the 2021 Intra-African Trade Fair (IATF) event organized by African Export-Import Bank (Afreximbank).

The company said the sponsorship draws from the continent’s renewed drive to promote its Trade Sector.

According to the organizers, the hybrid event, which will hold from 15-21 November 2021 at Durban in South Africa promises to focus on the newly-launched African Continental Free Trade Area (AfCFTA) – a single market for goods and services across 55 countries, aimed at boosting trade and investment.…

• The interactive and networking event is expected to unite African and Global energy stakeholders.
• With over 1.5 trillion cubic feet of natural reserves, Equatorial Guinea represents one of the continent’s biggest hydrocarbon markets.
• The AEC is a strong advocate for the continent, and through AEW 2021, has emphasized Africa’s position in global energy dialogue

The Equatorial Guinea’s Ministry of Mines and Hydrocarbon has all reason to smile as they gear up preparations to represent the country as the diamond sponsor at the high-profile African Energy Week 2021.

In a press statement sent to the newsroom, the African Energy Chamber (AEC) confirmed that the country’s Ministry of Mines and Hydrocarbon’s (MMH) will be the diamond’s sponsor.

The highly anticipated 4-day event of the African Energy week (AEW)2021 will take place in Cape Town, South Africa between the dates of 9th-12th this month.

The interactive and networking event is expected to …

Financial technology (FinTech) is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial sector.

In an area that traditionally suffered limited access to financial services such as Credit, insurance, and banking Financial technology [FinTech] has aided in accelerating financial inclusion in this sub-Saharan Africa region.

While the bell has long been chiming for businesses to rapidly adapt, harness the power of data and streamline their digital processes, COVID-19 reprioritized the need for these capabilities. It made these elements of digital strategy essential, and at a frightening pace.

The Fintech sector in Africa has since rapidly emerged with more and more startups coming up as compared to other years. As consumers avoided touching cash or point of sale devices, digital payment usage increased dramatically and continues …