Africa’s energy expenditure in 2024 will reach $110 billion, according to intergovernmental organization the International Energy Agency (IEA). The IEA’s World Energy Investment 2024 report (http://apo-opa.co/464PGxm) shows that Africa’s fossil fuel (http://apo-opa.co/461wgJP) supply and power will account for $70 billion of the continent’s energy expenditure. In light of this growth, IEA Africa Program Officer Rita Madeira will speak at this year’s MSGBC Oil, Gas&Power 2024 conference and exhibition (http://apo-opa.co/466EDna) – taking place in Dakar from December 3-4 – where she is expected to provide insights into the energy access challenges and opportunities in West Africa.

Madeira has experience working with African governments on power and infrastructure projects across the continent. Her work with the IEA supports the continent’s clean energy transition strategy and energy access ambitions. She has also worked on the enhancement of energy data collection and strengthening the relationship between the organization and sub-Saharan African countries. As such, her participation at MSGBC 2024 is poised to show how untapped hydrocarbon and renewable energy resources can be leveraged to kickstart regional power development.

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.MSGBCOilGasandPower.com to secure your participation at the MSGBC Oil, Gas&Power 2024 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

In its findings, the IEA showed that Africa’s annual energy investments are equivalent to roughly 1.2% of the continent’s GDP and insufficient to achieve 2030 universal access and climate-related goals. Up to $200 billion in investment will be required per annum through 2030 to satisfy the increasing energy demand driven by population growth. The report shows that Africa must accelerate investments in grid modernization and expansion, increase grant funding for vulnerable households and de-risk projects to attract and scale up renewable energy funding.

The report also showed that global investment in upstream oil and gas is set to hit $570 billion this year, representing an increase of 7% compared to 2023. Around 40% of total upstream investment is expected to be allotted to existing fields while approximately 33% will be invested in frontier fields. The remaining 7% will be invested in unconventional petroleum-bearing formations.

The MSGBC region is home to major oil and gas discoveries including the $4.6 billion Greater Tortue Ahmeyim development, straddling the maritime border between Mauritania and Senegal; the $5.2 billion Sangomar field development, offshore Senegal; and the $4.6 billion BirAllah gas field, offshore Mauritania. As such, a significant wave of investment is expected in oil and liquefied natural gas development in the coming years as new projects start operation in the second half of the decade.

In addition to upstream investment, investment in sustainable energy by oil and gas companies grew to approximately $30 billion in 2023, according to the report. Hydrogen electrolyzers witnessed the largest growth in low-emission fuel investment, having risen to around $3 billion per year. Countries like Mauritania and The Gambia are making strides towards securing investment for billion-dollar hydrogen projects while regional counterparts accelerate the development of renewable energy systems. Exciting projects to watch include the $34 billion green hydrogen project in Mauritania, The Gambia’s green hydrogen strategy and Guinea-Conakry’s deployment of its 300 MW Amaria and 294 MW hydro projects.

During the 2023 edition of MSGBC Oil, Gas&Power, the IEA launched its Renewable Energy Opportunities for Mauritania report. Madeira presented the report’s key findings, which showcased Mauritania’s high-quality wind and solar resources and the government’s vision for sustainable economic development. During this year’s event, Madeira will expand on the report’s findings, offering an update on capital expenditure projections, strategic areas of growth in MSGBC energy and opportunities for grid modernization and expansion.

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

Liquid C2, a subsidiary of Liquid Intelligent Technologies (https://Liquid.Tech/), a leading pan-African technology group, proudly announces the expansion of its Cloudmania business into the Egyptian channel partner ecosystem. Cloudmania is Liquid C2’ award-winning distribution business unit for cloud and cyber security solutions with operations in 35 countries across the Middle East and Africa. Cloudmania’s strategic partnership with Microsoft has allowed it to equip numerous partners with cloud and cyber security services and solutions, including Microsoft 365 and Azure solutions, within a fully supported ecosystem.

“Extending Cloudmania’s reach to Egypt reflects our confidence in the Egyptian economy following the launch of Liquid C2 in Egypt a year ago. We see Egypt as the anchor country of our expansion into the Middle East and North Africa and we look forward to play our role in realizing the government’s Egypt Vision 2030 (https://apo-opa.co/3zEFEqL0) strategy, supported by its ‘Digital Egypt’ initiative (https://apo-opa.co/3xWs29E). Partnering with local businesses will help in developing digital infrastructure, promoting digital skills development, creating opportunities for entrepreneurship and economic growth, all while tapping into Egypt’s wealth of local tech talent,” said Sherif Shaltout, Vice President, Operations at Liquid C2. 

Cloudmania understands the critical role cloud and cyber security technologies play in today’s digital economy. By partnering with global hyper-scaler Microsoft, Cloudmania demonstrates its unwavering commitment to the power of technology as a conduit for change, development, and progress in Egypt. 

“Cloudmania’s growth over the last year from 100 partners to over 750 demonstrates how our value proposition resonates with channel partners across these regions. Being named the Microsoft Partner of the Year in Ethiopia and Côte d’Ivoire in 2022 and 2023 respectively, reflects our commitment to delivering solutions that propel cloud adoption and partner growth, accelerating digital transformation for businesses in Africa,” said Vinay Hiralall, Chief Commercial Officer at Liquid C2. 

Resellers that partner with Cloudmania receive access to a suite of market-leading solutions tailored to suit their customers’ needs. Cloudmania aims to help channel partners better manage their business by creating a single-pane view via an always-on platform that assists with billing and subscription management services. In addition to providing partners with programmes that drive sales enablement, they also have access to Cloudmania’s marketing and technical support. Cloudmania alleviates the backend operations, enabling partners to focus on their core business. 

Distributed by APO Group on behalf of Liquid Intelligent Technologies.

About Cloudmania:
Launched by Liquid C2 in 2021, Cloudmania is the distribution business unit of Liquid C2. Cloudmania offers cutting-edge solutions to provide a full suite of partner-focused products and services. The organisation was awarded a Microsoft Partner of the Year in Ethiopia 2022 and Côte d’Ivoire in 2023 The company has opened its doors to numerous countries across the African continent, including South Africa, Uganda, Tanzania, Kenya, Rwanda, Zimbabwe, Zambia, Nigeria, Ghana, Mauritius, Ethiopia, Côte d’Ivoire, Senegal, Cameroon, Botswana, and the Democratic Republic of Congo serving the mission to bring about digital disruption using the power of the cloud. For more information https://CloudMania.Africa/ 

About Liquid C2:
Liquid C2, a subsidiary of Liquid Intelligent Technologies, delivers cutting-edge cloud and cybersecurity services and solutions. Committed to facilitating digital transformation, Liquid C2 is positioned to provide comprehensive solutions tailored to meet the evolving demands of the digital era by empowering businesses to navigate the complexities of the modern digital landscape securely. The company’s offerings span cloud solutions that enhance accessibility and scalability, and robust cybersecurity services to safeguard sensitive data and elevate security and compliance posture to ensure businesses remain seamlessly connected and protected. https://LiquidC2.com/

With local South Africa branches  Global EPC company Neosun Energy (www.Neosun.com) offers affordable  solar energy solutions for local businesses to mitigate the impact of rising electricity prices.

According to South African Government reports, starting from July 2024, Johannesburg residents will experience a 12.72% increase in electricity costs under local authority tariff charges. Eskom’s direct customers will increase  all tariff charges, excluding the affordability subsidy charge, from 1st  April 2024 to 31st March 2025.

This price hike will impact both residential and business customers, adding financial pressure across the board. The main issue is that new tariffs will increase business costs and reduce profit margins, which forces companies to increase prices and pass them onto the consumer. It means higher operational costs, potentially affecting profitability and leading to higher prices for goods and services.

In this challenging environment, Neosun Energy can play a pivotal role in alleviating the burden of increased electricity costs. Providing solar energy solutions, Neosun Energy can help businesses and local enterprises reduce their dependence on traditional, more expensive electricity sources.

“This increase will primarily affect businesses, especially small and medium-sized enterprises (SMEs), as their profitability will significantly decrease due to such a hike. The best solution to avoid this is to transition to solar energy, which locks in rates permanently. With solar generation, rates do not rise; they are fixed for the next 30 years. Solar Energy transferring –  is exactly what can help local enterprises gain their independence from constant bill increases, ” emphasized Ilya Likhov, CEO of Neosun Energy.

 Investing in solar energy, businesses can lower their operational costs over the long term, enhancing their profitability and competitiveness.

Today Neosun Energy is presented with 2 local branches in South Africa, located in Cape Town and Johannesburg, bringing to the South African market a high level service of a global company with experience in 16 countries around the world, and saving affordable prices for its customers.

“We firmly believe that establishing local Neosun Energy offices will bring us closer to local businesses and commercial enterprises, enabling us to offer affordable solar energy solutions such as solar plants, innovative energy storage systems, and portable Power Hubs.” – added Mr. Likhov.

Distributed by APO Group on behalf of Neosun.

Media Contact:
For requests: info@neosun.com
CEO Neosun Energy

Social Media: 
Ilya Likhov – LinkedIn: http://apo-opa.co/3Y3WoSi

About Neosun Energy:
Neosun Energy (www.Neosun.com) is an international Solar EPC company that provides Commercial Solar PV&Energy Storage Solutions (ESS) with capacity from 200kW to 10MW for Commercial and Industrial projects Worldwide. The company constructs solar power plants and energy storage systems (ESS) on a turn-key basis, covering all stages of construction including design, equipment supply, construction, and commissioning. The company has implemented solar PV projects in 16 countries worldwide.

The graduation ceremony of the 36th round of the National Service and the 30th anniversary of the National Service’s inception was colorfully conducted yesterday in Sawa under the theme “Sawa – 30 Years of Cohesive Journey.”

The ceremony was attended by President Isaias Afwerki, senior Government and PFDJ officials, Military Commanders, other Government officials, and parents.

In his keynote address, President Isaias stated that the graduation of the 36th round comes at an auspicious moment when a comprehensive assessment is being conducted on the aggregate impact and contribution of the National Service over the past decades. This assessment is being carried out in the context of Government policy perspectives on the National Service as the principal vehicle of nation-building, against the backdrop of various international and regional developments.

President Isaias emphasized that, given the distinct national realities; there has been a consistent focus on the development of human resources as a principal and sustainable element of national wealth. The overarching objective is to imbue and empower citizens with knowledge, profession, skills, experiences, and awareness, thereby multiplying every citizen’s contribution to national development.

Addressing the graduates of the 36th round, President Isaias remarked that as they embark on the first chapter, following 12 years of schooling, many more chapters lie ahead in their lives. Regardless of the outcomes of the School Leaving Examination, they must always strive to deepen their academic knowledge and proficiency, acquire skills and experiences through diligent efforts, and work hard without respite.

In his report, Col. Debesai Ghide, Commander of the National Service Training Center, noted that 50.2% of the 36th round of the National Service graduates were females who successfully completed the standard 12th-grade academic education, as well as political and military training.

The ceremony featured cultural and artistic programs depicting the 30-year journey of the National Service Training Center.

President Isaias Afwerki also officially opened a painting and photo exhibition in Sawa in connection with the 30th anniversary of the National Service’s inception and the graduation of the 36th round. The exhibition was organized in collaboration with members of the 1st round of the National Service and the Sawa National Service Training Center.

Distributed by APO Group on behalf of Ministry of Information, Eritrea.