In a nod to its increasingly important contribution to Africa’s economic growth and development, Afreximbank (www.Afreximbank.com) has been recognised with a haul of 8 Awards at the EMEA Project Finance and EMEA Achievement Awards 2023 Charity dinners held in London on June 5&6 respectively.

Hosted by EMEA Finance magazine, the event honoured Afreximbank for its innovative and outstanding project finance achievements in both the Project Finance Awards and the Achievement Awards.

Under Project Finance Awards 2023, Afreximbank received the Best Oil and Gas Deal award for its NNPCL Project Gazelle US$3.3-billion five-year pre-export finance syndicated loan, and the Best Energy Infrastructure Deal award for the Cabinda Oil Refinery US$335 million ECA-Supported Tolling Structure loan.

In the same category, the Bank received recognition for the Best Engineering Deal for the Hassan Allam Construction Global Financing Facility, the Best Transport Deal for the Standard Gauge Railway Lots 3 and 4 in Tanzania, and the Best Transport Infrastructure Deal for the Great Horn Investments Oil Jetty and Depot Project in Djibouti.

During the EMEA Finance Achievement Awards Dinner, Afreximbank was honoured with the Best Syndicated Loan House in Africa award, the Best Financial Institution Syndicated Loan in EMEA award for its US$908-million and €557-million dual-currency loan, and the Best Supranational Islamic facility for the US$250mn ITFC-supported syndicated Murabaha facilities.

EMEA Finance Achievement Awards, now in its 16th edition, recognises the best deals and dealmakers in the African and Middle East regions’ capital markets. Winners are chosen by the EMEA Finance editorial team from nominations by parties, including banks, sponsors, legal and financial advisers, among others.

In her acceptance remarks on behalf of Kanayo Awani, Executive Vice President Intra-African Trade and Export Development Bank, Afreximbank, Ms. Helen Brume, Director for Project&Asset Based Finance, Afreximbank commented: “We are honored to receive these awards that showcase the Bank’s commitment to fostering development and integration on the continent. At Afreximbank, we remain committed to fostering Africa’s industrialization and integration, and we are relentless in achieving this cause.” She added that, given the challenges in attracting the required capital to finance projects in the continent, the Bank is actively working with partner banks and sponsors to create innovative financing structures. This will ensure that the necessary funding is obtained and that focus projects are completed successfully.

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Mr Vincent Musumba
Manager, Communications and Events (Media Relations)
Email: press@afreximbank.com
Tel: +20 2 24564100 /1/2/3
Mobile: +201030121123

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

Liz Williamson, Head of Corporate Finance at Rand Merchant Bank (RMB), will speak at the 2024 edition of the Angola Oil&Gas (AOG) conference – the country’s premier industry event taking place in Luanda this October. Williamson is expected to discuss strategies for increasing access to capital for Angolan oil and gas projects, as well as global financial trends and investment opportunities. 

RMB is an African-based financial institution offering a range of corporate and investment solutions across various markets. The company’s Angola Representative Office offers on-the-ground market intelligence services, supporting trade, finance, infrastructure and sovereign lending in the country. At AOG 2024, Williamson will provide insight into how these services can support Angola’s oil, gas and broader infrastructure sectors.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Within the infrastructure sector, RMB has a strong track record of providing financial support for projects and companies, with offerings ranging from project finance to equity investment to trade support, arranging and structuring. In the natural gas sector, the institution has closed several transactions across the continent, including the funding of the Avon and Dedisa gas-fired plants in South Africa. RMB has also supported the development of African renewable energy projects, including the Cahora Bassa hydro project in Mozambique; the Roggeveld, Gouda and Umoya wind projects in South Africa; and various solar developments across the continent. https://apo-opa.co/3x6ueLt

During AOG 2024, Williamson will unpack the role of financial institutions like RMB in supporting Angola’s oil and gas sector growth. Williamson joins a strong lineup of industry experts at this year’s AOG conference, including Vaclav Bartuska, Ambassador at Large and Special Envoy for Energy Security at the Czech Ministry of Foreign Affairs; Adriano Mongini, CEO of Azule Energy; Guido Brusco, COO of Eni; Mike Sangster, SVP: Africa at TotalEnergies, and many more.

Visit www.AngolaOilAndGas.com for more information.

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

The upcoming African Energy Week (AEW): Invest in African Energy conference will feature a Just Energy Transition (JET) Summit, bringing together African energy policymakers, industry leaders, community representatives and global investors to develop actionable solutions for building a sustainable energy future.

The Summit will discuss Africa’s gas market potential as a transition fuel, from financing small-scale LNG to establishing integrated LPG value chains. Prioritizing gas development for enhanced energy security and industrialization, Mozambique is home to two planned large-scale LNG developments from TotalEnergies and ExxonMobil, as well as Eni’s Coral South and North projects. In South Africa, exploration company Kinetiko Energy is advancing an onshore LNG project with gas-to-power plans in Mpumalanga, while TotalEnergies is targeting FID on its Brulpadda-Luiperd conventional gas field this year, with commercial production expected by 2030.

https://apo-opa.co/3yRyajN.

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.

Africa’s coal industry will also play a crucial role in shaping a just transition, with many countries relying on clean coal as a primary energy source. In South Africa, the Council for Geoscience is piloting the use of carbon capture storage and utilization technology to capture emissions from coal-fired power generation in Mpumalanga Province, leveraging funding from the World Bank. Botswana plans to construct a $2.5-billion coal-to-liquids plant, producing 12,000 barrels of diesel and gasoline daily. The facility will enable the southern African country to maximize the exploitation of its 212 billion tons of coal reserves for regional energy security, while reducing emissions, compared to using conventional coal combustion. The Just Energy Transition Summit will address strategies to decarbonize and transition existing coal power stations, while ensuring assets are not left stranded.   

Africa’s burgeoning green hydrogen industry is pivotal in advancing the continent’s inclusive energy transition agenda. By accelerating renewable energy infrastructure development, attracting new investments, creating jobs, and fostering workforce development, Africa is maximizing its green hydrogen potential. Namibia is spearheading this movement with the $10 billion Tsau/Khaeb project, securing funding from global investors including the German government, Japanese investors, and regional financial institutions. The Just Energy Transition Summit will spotlight projects and investment opportunities in Africa’s leading green hydrogen markets, such as Mauritania, Egypt, South Africa, and Morocco, illustrating their significant role in driving the energy transition continent-wide.

https://apo-opa.co/4cewJtS

Furthermore, the Summit will highlight the intersection of social justice, environmental sustainability and economic policies, and how African leaders can prioritize local workforce development as part of the transition. Private and public sector entities across Africa are introducing policies and programs aimed at supporting local capacity building and female empowerment, ensuring that oil and gas sector activities are inclusive. Last month, Angola-based investment firm ABO Capital launched the Amity Training Center in Luanda to equip the next-generation workforce with technical skills across various sectors, including oil and gas. Namibia is also prioritizing local content with the launch of its draft Local Content Policy last November, anticipating an upcoming oil and gas boom and affirming capacity building as a critical component of a just transition.

“The exploitation of Africa’s oil, gas, renewable and coal resources is crucial for a successful, inclusive and just energy transition. Increasing female and youth participation – another critical component of the Just Energy Transition Summit – will also ensure value addition to local economies, while ensuring long-term stability of energy markets,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

GITEX AFRICA 2024 (https://GITEXAfrica.com) commenced in Marrakech, uniting a diverse array of companies, each with unique goals and missions. The event attracted visitors from various countries and cultures, making it the central place of innovation and collaboration. For ORA Technologies, this marked our second year of participation, and our presence this year was even more significant and impactful.

Occupying a prominent space in the startup hall, our objective was clear: to raise ORA Technologies’ brand awareness, connect with different people and introduce our upcoming applications to our audience. Our stand was designed to be interactive and engaging, featuring a photobooth, a foosball table, and a creatively designed wall that posed the question, “We dream of an E-Morocco for everyone, what’s your dream?” Visitors were encouraged to share their dreams on post-its and place them on our wall, creating a vibrant and engaging visual display.

The response was overwhelmingly positive. Throughout the three-day event, our stand attracted a diverse group of visitors of all ages and cultural backgrounds. We captured over 500 photos with our photobooth, collected more than 250 post-its with dreams and aspirations, and hosted numerous foosball games. This interactive setup not only entertained visitors but also left a memorable impression, ensuring that ORA Technologies stood out among the exhibitors.

Our upcoming applications gained significant interest and enthusiasm. Kooul, our innovative food delivery app, and ORA CASH, our new E-wallet app, were particularly well-received. Visitors expressed excitement and support for these applications, recognizing their potential to revolutionize daily life of Moroccans. The support from Moroccan attendees was very motivating, as it underscored the importance of local innovation and community backing.

Beyond the immediate engagement at our stand, GITEX AFRICA 2024 provided an invaluable platform for networking and learning. We had the opportunity to connect with potential partners and explore collaborations that could drive future growth and development. The event’s diversity, in terms of cultures, expertise, missions, and fields, was truly impressive.

This year’s event not only helped us achieve our initial goals but also surpassed our expectations. The exposure and attention we received significantly enhanced our brand recognition. More importantly, we built trust and rapport with our audience, creating memorable experiences that will resonate long after the event.

GITEX AFRICA 2024 was a resounding success for ORA Technologies. The exceptional organization and scale of the event further contributed to its effectiveness, providing a well-structured environment for showcasing innovations across different countries. We are grateful for the opportunity to participate and are already looking forward to GITEX AFRICA 2025.

Distributed by APO Group on behalf of GITEX Africa.

Contact:
Lou@ora.ma – Marketing manager
ORA TECHNOLOGIES
Casablanca, Morocco

About ORA Technologies:
ORA Technologies is 100% Moroccan startup, committed to creating impactful digital and financial inclusion. Our upcoming applications, Kooul and ORA CASH, are designed to revolutionize the food delivery and digital payments in Morocco. We aim to enhance the daily lives of our users and contribute to the development of an E-Morocco for everyone.