Author: James Wambua

• Over 300 startups are converging in Abu Dhabi between May 7th and 9th for three days of innovation, collaboration, and transformative dialogue.
• Key topics on the agenda include the rise of startups in biotechnology, the integration of technology into enterprises for financial resilience, and customer acquisition and retention.
• Seven high-level roundtable meetings are slated to help startup entrepreneurs learn from experts about the latest global investment issues.

AIM Congress, now on its 13th edition, is gearing up to host over 300 startups from diverse fields of innovation and industries, marking a huge milestone for the global showcase in the United Arab Emirates (UAE).

Set to unfold from May 7th to 9th, 2024, at the Abu Dhabi National Exhibition Centre (ADNEC), the event promises a platform for innovative solutions, investment opportunities, strategic partnerships, and knowledge sharing among policymakers and entrepreneurs worldwide. ADNEC, which offers a total area of 153,678 square metres …

• South Korea-based LB Investment, which has $1.2 trillion Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress.
• The firm will showcase a diverse portfolio of startups and companies, representing cutting-edge innovation and disruptive solutions across industries.
• Among the notable entities brought to the forefront by LB Investment are LisMed, Standard Energy Inc., t’order, FITPET, LABLUP, BLUEZONE WIDE, NOTA AI, and ABYSS Company.

LB Investment, a venture capital company with a legacy of fostering innovation and entrepreneurship, and with $1.2 trillion in Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress, scheduled to be held from May 7th to May 9th in Abu Dhabi, United Arab Emirates.

Established in 1996, LB Investment has consistently been recognised as one of South Korea’s premier fund managers, earning accolades such as the A+ grade from the Small and Medium …

• Meg Whitman, US Ambassador to Kenya, highlights key investment opportunities in Kenya, particularly in the creative industry and clean energy.
• She noted that Kenya has the potential to become the Singapore of Africa through vertical business integration, job creation, innovation, and foreign direct investment.
• AmCham Business Summit 2024 seeks to strengthen bilateral trade and investment between the US, Kenya, and East Africa.

The fourth edition of the regional American Chamber of Commerce Kenya (AmCham) Business Summit, has officially kicked off in Nairobi, Kenya, under the theme, ‘Catalyzing The Future of US-East Africa Trade and Investment’.

This year’s forum underscores AmCham Business Summit as the premier platform for strengthening bilateral trade and investment between the United States, Kenya, and East Africa.

Hosted by the American Chamber of Commerce (AmCham), the two-day Summit has brought together delegates from the United States of America, East and Sub-Saharan Africa in efforts to deliberate and …

• UN faults UK-Rwanda asylum treaty citing concerns on potentially harmful impact on global responsibility-sharing, human rights, and refugee protection.
• Spearheaded by Prime Minister Rishi Sunak, the legislation mandates judges to deem Rwanda as a safe third country.
• With deportation flights slated to start in July, the move is sparking weighty debates over the ethical implications of outsourcing asylum responsibilities.

This week’s passage of the “Safety of Rwanda” Bill by the UK Parliament has triggered alarm bells within the United Nations (UN), with two prominent leaders, Filippo Grandi, the UN High Commissioner for Refugees, and Volker Türk, the UN High Commissioner for Human Rights, raising concerns over its potentially harmful impact on global responsibility-sharing, human rights, and refugee protection.

Spearheaded by Prime Minister Rishi Sunak, the legislation mandates judges to deem Rwanda as a safe third country, paving the way for the deportation of thousands of migrants who have sought refuge …

• Namibia’s Mopane field could hold up to 10 billion barrels of oil, Galp announces.
• Tests on Mopane-1X well in January and the Mopane-2X well in March gave highly promising findings.
• Exploration success in Namibia could pave the way for a new revenue stream for Galp.

Portuguese oil company Galp Energia has set the stage for a potential game-changer in the global energy industry with its announcement at the weekend regarding the Mopane field off the coast of Namibia.

Following the conclusion of the first phase of exploration, Galp projects that the Mopane field could hold up to 10 billion barrels of oil, marking a huge step in the evolving oil and gas industry in Namibia.

Gap noted that testing operations were undertaken at the Mopane-1X well in January and the Mopane-2X well in March gave highly promising findings. The company noted the discovery of significant light oil columns in …

• Chronic instability plagues the existing power grids, worsened by the pressing need to connect growing populations.
• The advent of renewable energy sources introduces new complexities, considering the intermittent nature of solar and wind power generation.
• Wärtsilä Energy says deploying battery storage and flexible engine power plants offers a pathway toward reliable grid resilience.

Across economies in Africa, a profound transition is underway. Increasingly, economies are grappling with the dual challenge of meeting burgeoning energy demand while steadily transitioning towards sustainability, a scenario amplifies the importance of economies having reliable power production.

Wärtsilä Energy, a giant power plant manufacturer and energy systems integrator in Africa, is coming forward to offer insights on how economies can easily navigate this transition. Drawing insights from the 2024 North and West Africa Energy Transition Forum in Rabat, it is evident that addressing the complexities of grid reliability and renewable energy integration requires a multipronged approach.…

• Leading the lineup of this year’s Annual Investment Meeting (AIM) at the AIM Congress 2024 keynote speakers is H.E. Ahmed Aboul Gheit, the Secretary General of the League of Arab States.
• Her Majesty Tirelo Molotlegi, the Princess of the Royal Bofakeng Nation, brings a unique perspective on sustainable development and community empowerment.
• Prof. Rae Kwon Ching, Nobel Prize Winner and Chairman of the Global Energy Prize International Award Committee, will discuss sustainable energy solutions.

The AIM Congress 2024, which is scheduled from May 7 to 9 in Abu Dhabi, is set to be a groundbreaking event, attracting a constellation of global leaders and visionaries. The Congress, to be held at the Abu Dhabi National Exhibition Centre (ADNEC), promises to be a melting pot of ideas and innovations, with over 900 influential speakers poised to share their insights on a broad spectrum of investment-related topics.

Among the illustrious speakers at AIM …

• South Africa’s Strategic Fuel Fund (SSF) operates Block B2 in South Sudan in collaboration with Nilepet.
• The company has just completed a major phase of its oil and gas exploration in Jonglei state.
• SSF recently completed undertaking the largest geophysical survey ever done in South Sudan, covering 47,000 square kilometres.

In a move marking the strengthening bilateral relations between South Africa and South Sudan, the Strategic Fuel Fund (SFF), South Africa’s state-owned petroleum company, convened a key meeting with South Sudan’s national oil company, Nilepet, in Juba last week.

The meeting was a highlight of South African President Cyril Ramaphosa’s state visit, underscoring the growing economic ties between the two nations.

The SFF, which operates Block B2 in South Sudan and collaborates with Nilepet through the Nile Orange joint venture, has recently completed a major phase of its oil and gas exploration campaign in Jonglei state. The initial aerial survey …

• Global verification body Verra certifies d.light’s clean cookstove projects in Kenya, Uganda, and Nigeria.
• Initiative to distribute 600,000 clean cookstoves, which are now verified by leading certifiers as a trusted source of high-quality carbon credits.
• Launched in 2022, these projects have already positively impacted over one million lives and are on track to transform the lives of three million people by 2025. 

d.light’s clean cookstove initiatives

In a landmark move that helps advance the journey towards sustainable development and environmental health in Africa, d.light, a firm that provides innovative solutions for low-income households, has achieved a milestone with its projects receiving certification from Verra as a trusted source of high-quality carbon credits.

This certification marks d.light’s clean cookstove initiatives in Kenya, Nigeria, and Uganda as crucial players in the voluntary carbon markets (VCMs), aiming to reduce carbon emissions, combat indoor air pollution, and curb deforestation.

Addressing environmental challenges, and earning

• The key highlight of the AIM Congress 2024 is the Investment Awards, scheduled for the opening day, May 7th.
• These awards celebrate top direct investment (FDI) projects from around the globe.
• The awards underline the diverse ways investment can contribute to economic progress with categories ranging from Innovation and Research to Sustainability and Local Linkages.

As the global investment contours keep evolving, the AIM Congress 2024 is taking shape as a critical platform to foster global investment innovations and sustainability.

Set to convene in Abu Dhabi from May 7-9, the Annual Investment Meeting (AIM) Congress promises to be a crucial gathering for driving the new dynamics of economic resilience and growth.

This year’s congress theme, “Adapting to a shifting Investment Landscape: Harnessing New Potential for Global Economic Development,” aptly captures the current global challenges and the opportunities they present. Under the banner “Resilient Sustainable Economic Growth–Creating a Healthy and Prospective …