Browsing: Africa

Gabon is one of few countries with a carbon-negative economy, thanks to the Congo Basin’s immense tropical forests, which absorb more greenhouse gases than the country’s companies, cars, and towns emit.

It just approved an ambitious climate law to ensure that its economic bases are on forests and agriculture rather than fossil fuels.

Outside assistance is required to attain this goal so that the government can continue to enhance living standards.
Many African countries rely on coal for electricity and have refused to sign a declaration signed by more than 40 countries this week calling for an end to the most polluting of fossil fuels. …

• 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 …

These figures place Africa among the world’s fastest-growing tech countries in terms of VC growth year over year. In Silicon Valley, these figures represent a day and a week. 

The potential that investors and founders are looking for is to bring substantial swathes of Africa’s unbanked population online. 

According to numerous estimates, including The Global Findex Database, Africa has the highest percentage of unbanked people in the world, as well as a considerable number of underbanked SMEs and consumers.…

• 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 …

• The launch of  OneVoice for Cloud PBX is part of the organization’s investment as it partners with its customers in their digital transformation journeys that have accelerated due to the Covid-19 pandemic.
• The OneVoice for Cloud PBX solution will assist businesses irrespective of their size in their telephony and collaboration needs.
• The solution is powered by a single integrated platform converting legacy PBX telephony system into a cloud-based IP communication solution.

Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group on Thursday November 11, 2021 launched OneVoice for Cloud PBX offering in six key African markets.

The firm which is currently present in more than 20 countries, mainly in sub-Saharan Africa has firmly established
itself as the leading provider of pan-African digital infrastructure with an extensive network covering over 100,000 km.

The launch of  OneVoice for Cloud PBX is part of the organization’s investment as it partners …

• 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 pursuit of a greener earth and universal reliance on renewable presents a unique dilemma for countries in Sub Saharan Africa which rely heavily on energy provided by coal, shale, and other fossil fuels but also their economic livelihoods depend on the black gold.
The elimination of coal and related energy sources would severely prejudice economies that constitute SSA which are still developing or emerging.
It is against this background that the outgoing Chief Executive of the largest coal miner on the JSE, who is also the President of the Minerals Council is on record for saying that African countries should be allowed to make the transition from fossil fuels to greener renewable energies at their own pace. …

• 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 …