Rene Awambeng, Founder and Managing Partner at investment firm Premier Invest, will speak at this year’s African Energy Week (AEW): Invest in African Energy conference (www.AECWeek.com) – scheduled for November 4-8 in Cape Town. Awambeng joins a strong slate of high-level speakers in Cape Town as the industry convenes to discuss strategies for making energy poverty history in Africa by 2030.

With over 125 billion barrels of proven crude oil reserves and 620 trillion cubic feet of natural gas, Africa’s hydrocarbon resources have the potential to bolster energy access and long-term economic growth. Yet, to achieve all of its energy-related goals, the continent requires over $200 billion in annual financing, highlighting a substantial investment gap. Institutions such as Premier Invest play an instrumental part in advising clients across the industry on financial and strategic matters, and during AEW: Invest in African Energy 2024, Awambeng will unpack emerging project opportunities in Africa as well as strategies in place for closing the financing gap.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Currently, Africa receives merely 5% of global energy investment, with access to funding gradually declining due to global shifts to renewable energy and macro-economic influencers. To address this financing challenge, Premier Invest offers a range of financial advisory services, supporting clients across the industry as they seek investment for small, medium and large-scale projects. Leveraging the firm’s depth of expertise across various industries and geographies, the company supports project development and financial insight. Beyond financing, Premier Invest provides advisory services related to strategic mergers and acquisitions (M&A). Partnering with public and private corporate clients, the company provides advice on all financial, strategic and tactical elements of evaluating and executing M&A transactions in Africa.

Africa is experiencing robust M&A activity across its oil and gas industry, owing largely to play-opening discoveries made in countries such as Namibia as well as new finds discovered in producing markets such as Angola. According to the African Energy Chamber’s (AEC) State of African Energy 2024 Outlook, M&A activity in Africa in 2023 reached a total transaction value of $3.2 billion. While this figure falls short of the transactions witnessed in previous years, in 2024, an upward trend of M&A activity is expected following the commercial success of offshore discoveries in southern and west Africa.

Specifically, Namibia has already seen a surge of M&A activity in 2024 following commercial success in the Orange Basin. Notable deals include Sintana Energy acquiring a stake in PEL 79; Azule Energy announcing its PEL 85 farm-in; Chevron acquiring a majority stake in PEL 82; and many more. Beyond Namibia, recent deals include the Abu Dhabi National Oil Company acquiring Galp Energias’ 10% interest in the Area 4 concession of Mozambique’s Rovuma basin in May 2024; TotalEnergies and QatarEnerg acquiring a majority stake in an exploration license in South Africa, and more. As Africa’s oil and gas market witnesses a surge in transactions, companies such as Premier Invest stand ready to support deals and projects.

“Africa cannot afford to keep its oil and gas resources in the ground and companies such as Premier Invest recognize this. Through its range of advisory services covering finance, M&A transactions, capital markets, restructuring and liability management and more, the firm is committed to supporting clients realize their goals in the African energy industry,” stated NJ Ayuk, Executive Chairman of the AEC.

During AEW: Invest in African Energy 2024, Awambeng will take part in a series of panel discussions while engaging with a host of African energy leaders and global investors. Awambeng’s participation speaks to the caliber of AEW: Invest in African Energy as the premier event for the African energy industry and will strengthen dialogue surrounding project financing.  

Distributed by APO Group on behalf of African Energy Week (AEW).

ATC Nigeria Wireless Infrastructure Limited (ATC Nigeria) (https://ATCNigeria.ng), a subsidiary of American Tower Corporation, wishes to inform the public of a significant legal development regarding recent actions taken against MTN Nigeria Communications Plc (MTN Nigeria) and ATC Nigeria.

On November 21, 2023, the HEDA Resource Center in Nigeria filed a lawsuit in the Federal High Court in Lagos. The lawsuit sought to prevent ATC Nigeria and MTN Nigeria from constructing or operating base transceiver stations “within close proximity” to stations owned by IHS Towers Nigeria Limited.

Additionally, HEDA also filed a contempt of court case against ATC Nigeria’s CEO, Errol Ambler-Smith, seeking his arrest, which HEDA later withdrew.

We are pleased to announce that, on Friday, June 21, 2024, the court struck out HEDA’s suit against ATC Nigeria and MTN Nigeria on the grounds that it was speculative and failed to disclose any reasonable cause of action.

American Tower has always been and remains committed to upholding the highest standards of legal compliance and operational integrity in all its activities. We are pleased that the Court recognized the speculative nature of HEDA’s lawsuit, and we are hopeful that this outcome will send a message to other similar potential speculative lawsuits. We appreciate the support and understanding of all our stakeholders as we continue to invest in, and provide critical infrastructure for, Nigeria’s telecommunications industry.

Distributed by APO Group on behalf of ATC Nigeria.

The National Musuems of Kenya (NMK) and CityBlue Hotels (CityBlue) (www.CityBlueHotels.com) are proud to announce a new partnership to co-promote tourism and culture in Kenya.

This alliance marks an exciting opportunity for sponsorship, co-branding, co-marketing and other forms of collaboration.

NMK was established by an Act of Parliament, the Museums and Heritage Act 2006, as a multi-disciplinary institution whose role is to collect, preserve, study, document and present Kenya’s past and present cultural and natural heritage. This is for the purposes of enhancing knowledge, appreciation, respect and sustainable utilization of these resources for the benefit of Kenya and the world, for now and posterity.

CityBlue Hotels, Africa’s fastest-growing local hotel chain, operates in Kenya (Mombasa, Nairobi and Lamu with new properties opening soon), Uganda, Rwanda, South Sudan, Tanzania and Ghana. CityBlue also has a collaboration arrangement with more than twenty hotels in South Africa and Mozambique.

Professor Mary Gikungu, Director General of the NMK, stated that, “This arrangement is a step for NMK to engage with the private sector with a group that is established, growing, dynamic and cares, like we do, for the welfare of mankind and the conservation of the biological diversity of the East African region and that of the entire planet. The story of NMK and our cultural heritage will be enhanced by this collaboration”.

Jameel Verjee, Founder&CEO of CityBlue Hotels, explained at the Africa Hotel Investment Forum 2024 that “NMK manages many Regional Museums, Sites and Monuments of national and international importance alongside priceless collections of Kenya’s living cultural and natural heritage. As an institution that must respond to the growing needs of the society, NMK is striving to contribute in a unique way to the task of national development and we cannot wait to be a partner of NMK on this journey”.

Distributed by APO Group on behalf of CityBlue Hotels.

CBRE Excellerate (www.CBREExcellerate.com) is poised to usher in a new era for the hospitality industry with the enhanced CBRE-X Online platform that now integrates ClicktoPurchase®, delivering an unmatched level of promotion and transaction capability for African hotel properties.

CBRE Excellerate’s evolved strategy combines state-of-the-art technology with the proven effectiveness of ClicktoPurchase® to offer superior quality in property presentation, exhaustive data gathering, strategic marketing depth, and accelerated market penetration. This enhanced platform is designed to secure a cost-effective and efficient sales process while maintaining our commitment to corporate governance, transparency, and trust.

“We are excited about introducing ClicktoPurchase® on our CBRE-X Online platform, truly modernising how hotel properties are transacted across Africa,” stated Fabio Nava, Director: Capital Markets at CBRE Excellerate, speaking ahead of the Africa Hospitality Investment Forum (AHIF). “By participating in the AHIF Conference in Namibia, we seek to establish meaningful connections with industry frontrunners and showcase our innovative, technologically advanced platform. We encourage everyone to engage with us and witness how this transformative tool reshapes property sales.”

Key Advantages of the Enhanced CBRE-X Online Platform Featuring ClicktoPurchase®

Superior Presentation Excellence: Crystal-clear visuals and intricate descriptions to captivate prospective purchasers.
Robust Data Collection: Deep data analytics harnessed to glean insights and refine marketing approaches.
Expedited Market Entry: Swift deployment capabilities that promise listings are marketed promptly to an International Audience.
Unwavering Governance and Transparency: Persistent dedication to upstanding practices fostering trust amongst all partners.

Extending beyond these key features, CBRE Excellerate brings to bear its proficiency in capital strategies and tailored solutions that resonate across diverse markets. With a strong commitment to sustainable growth and perpetual innovation, CBRE Excellerate not only meets the immediate needs of its clientele but also fosters future-forward thinking within the hotel sales industry.

For more information, touch base with our CBRE Excellerate Team at Exhibition Stand E4 at the AHIF Conference. Don’t miss out on this unique and innovative approach to hotel property sales. 

Distributed by APO Group on behalf of CBRE Excellerate.