Angolan consulting and procurement company Brimont has joined the Angola Oil&Gas (AOG) 2024 conference as a bronze sponsor, showcasing its dedication to the growth of the Angolan oil and gas market. With a focus on technology, process redesign and staff training, Brimont aims to meet the evolving needs of the oil and gas industry in Angola.

As Angola aims to maintain crude production at 1.1 million barrels per day while attracting new investments in exploration and infrastructure, Brimont is poised to support the development of the sector through its range of consulting and procurement services. During the AOG 2024 conference – taking place October 2-3 in Luanda – Brimont will contribute to discussions around supporting production growth in Angola.

Organized by Energy Capital&Power, 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; 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.

With experience in logistics, Brimont’s services include design, tendering and engineering as well as the procurement of specialty chemicals. Brimont recorded deliveries of chemicals exceeding 300,000 liters – of which 200,000 liters featured chemicals for the oil sector – in January 2024. A growing industrial base in Angola is expected to increase the demand for chemicals, and Brimont aims to meet this demand through its range of turn-key solutions.

The company currently has three logistics facilities in Angola –in Luanda, Soyo and Lobito – and as such, is strategically positioned to support the industry’s growth across Angola. The company also recently achieved ISO 9001 certification and upgraded its storage capacity, building a 2,000 m2 warehouse in the industrial base of Viana. During AOG 2024, the company is expected to provide insight into Angola’s logistics capabilities and how company’s such as Brimont will strengthen regional petroleum distribution.

Meanwhile, financial stability remains a key challenge for local companies in Angola’s supply chain. Despite being dependent on imports, local companies often face obstacles such as upfront payment requirements and unpredictable costs, hindering their growth and expansion. Brimont recognizes the importance of financial stability in supply chain management and is committed to addressing this challenge through strategic partnerships and innovative solutions.

As Brimont continues to expand its presence in Angola’s oil and gas sector, its sponsorship of the AOG 2024 conference underscores its commitment to supporting the industry’s growth and development. Through its expertise, Brimont aims to contribute to the success of Angola’s oil and gas market by supporting international investors.

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

The Critical Minerals Africa (CMA) summit – scheduled for November 6 – 7 in Cape Town – will host a panel discussion showcasing investment opportunities within Africa’s critical minerals and rare earth elements market.

Sub-Saharan Africa is estimated to hold 30% of the world’s critical minerals reserves – including deposits of lithium, cobalt and copper, which are crucial for the fourth industrial revolution – presenting massive opportunities for global partnership and investment. The panel – titled, Investing in African Critical Minerals in a Competitive Environment – will explore best practices for attracting buyers and fortifying Africa’s critical mineral value chain amid fierce global competition.

Recent large-scale developments will be unpacked at CMA 2024, shedding light on burgeoning opportunities within Africa’s critical minerals space. Last October, the U.S., European Commission, African Development Bank and the governments of Zambia, the DRC and Angola signed an agreement to raise $1.3 billion in financing for the transnational Lobito Corridor, which will establish a cost-effective and fast export route for minerals produced from the three African countries.

In the same month, UAE investment platform F9 Capital Management partnered with South African mining firm Q Global Commodities to inject $1 billion in South Africa’s mining exploration and development scene. Japan and the U.K. have also committed to allocating over $3.7 billion to critical mineral production in Africa, exemplifying growing investor interest in Africa’s mineral-rich landscape.

Meanwhile, African nations are engaging in direct negotiations and streamlining permitting processes to expedite exploration activities. Last month, Zambia’s Ministry for Mines approved drilling activities by KoBold Metals Company at the $2-billion, 600,000-metric-ton Konkola West Copper Project, following the discovery of copper reserves last February. The Zambian Government has also approved the acquisition of a 51% stake in Mopani Copper Mines by mining company International Resources Holding, paving the way for new exploration and development.

As global demand for critical minerals continues to surge, Africa emerges as a promising investment hub. The panel discussion at CMA 2024 will identify strategies for creating an enabling environment and fostering Africa’s competitiveness on the global critical minerals stage.

Organized by Energy Capital&Power, CMA is the largest dedicated gathering of critical minerals stakeholders in Africa. Taking place on November 6–7 in Cape Town, the event positions Africa as the primary investment destination for critical minerals. This year’s edition takes place under the theme, “Innovate, Enact, Invest in African Critical Minerals to Sustain Global Growth,” connecting African mining projects and regulators with global investors and stakeholders to unlock the full potential of the continent’s raw materials. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

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

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, signed a Memorandum of Understanding (MOU) with the Regional Voluntary Carbon Market Company (RVCMC) aimed to assist the Republic of Maldives in achieving its sustainability goals and addressing climate change’s impact.

The project aims to assess the potential and feasibility of generating “Blue Carbon Credits” from the Maldives Coastal Ecosystem (mangroves forests and seagrass meadows) and to facilitate the sale of generated credits to carbon markets.  This agreement was signed between Eng. Hani Salem Sonbol, CEO of ITFC and Riham ElGizy, CEO of RVCMC on the sidelines of the IsDB Group Annual Meetings held in Riyadh.

Commenting on the signing of the agreement, Eng. Hani Salem Sonbol, CEO of ITFC stated: “At ITFC, we prioritize sustainability in all our interventions aimed at supporting our Member Countries. Our commitment is to assist in the fight against climate change by partnering with national and regional efforts. This new collaboration with RVCMC and the Republic of Maldives is significant as it demonstrates the growing interest of our Member Countries in carbon credit. It also provides an opportunity for the Maldives to achieve its sustainability goals, which will benefit the population and the local economy.”

Riham ElGizy, CEO of RVCMC said, “The voluntary carbon market scales projects that mitigate the impact of climate change and promote sustainable development, and we see significant potential in developing blue carbon projects in the Maldives. By integrating carbon reduction and removal initiatives through the preservation and restoration of coastal habitats into its broader sustainability agenda, we believe that the Government of Maldives can achieve lasting positive climate impacts.”

This collaboration with RVCMC marks a milestone towards ITFC’s ambition to align with global environmental, social, and governance (ESG) practices and integrate environmental conservation with sustainable economic development, benefiting both the Maldives and the global fight against climate change.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Media Contact:
ITFC
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Fax: +966 12 637 1064
E-mail: ITFC@itfc-idb.org

RVCMC
For commercial enquiries about participating in RVCMC’s voluntary carbon markets, please contact: MVCM@pif.gov.sa
For media enquiries about RVCMC, please contact: RVCMC@teneo.com

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View the website: https://VCM.com.sa

About the International Islamic Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided US$75 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.

About RVCMC: 
RVCMC was established by Public Investment Fund (PIF) and Saudi Tadawul Group Holding Company (Saudi Tadawul Group) in October 2022. PIF holds an 80% stake and Tadawul Group holds a 20% stake in the company. RVCMC is creating a credible voluntary carbon market at speed and at scale with global impact. The market prioritizes high quality carbon credits and positive climate action. The company is creating an ecosystem that includes an investment fund for climate mitigation projects, an exchange for the trading of carbon credits and advisory services that help organizations understand how to decarbonize.

RVCMC successfully auctioned 2.2 million tons of voluntary carbon credits in the largest-ever carbon credit sale that was held in Nairobi, Kenya on June 14th, 2023. The auction offered high-quality CORSIA-eligible and Verra-registered carbon credits. The Nairobi event was the second sale of carbon credits held by RVCMC. In October 2022, RVCMC hosted its first auction at the sixth Future Investment Initiative (FII) in Riyadh. This marked what was then the largest-ever carbon credit sale auction with 1.4 million tons of carbon credits successfully auctioned: enough to compensate for the annual emissions of approximately 250,000 gasoline-powered family cars.  In October 2023, RVCMC and PIF hosted the world’s first Global South Carbon Market Conference at FII7 in Riyadh.  

The ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) held a validation workshop for the ECREEE 2023-2027 Gender Mainstreaming Strategy and Action Plan Report the 9 May 2024 in Praia. This activity supported by GIZ as part of Program Promoting a Climate-friendly Energy Market in West Africa (ProCEM-II).

This validation workshop brought together all ECREEE staff with the participation of a delega-tion from the ECOWAS Centre for Gender Development (CDCG) led by its Director and the Gen-der focal point of the ROGEAP project.

The workshop’s main objective was to validate the ECREEE’s 2023-2027 Gender Strategy and Action Plan among the major stakeholders, which included experts, and advocates in the fields of renewable energy and gender equality. The event also provided a chance to promote awa-reness and train ECREEE and Gender Focal Point staff.

At the opening ceremony, the executive director of ECREEE, Mr. Francis Sempore, emphasized the importance of mainstreaming gender considerations into energy policies and projects, un-derscoring that gender equality is not just a matter of social justice; it is also critical for achieving sustainable development and maximizing the impact of renewable energy and ener-gy efficiency initiatives.

Mrs. Sandra Oulate, director of the ECOWAS Centre for Gender Development (CDCG), expressed the full commitment of the Centre to support ECREEE in implementing its Gender Mainstreaming Strategy and Action Plan at the regional level, as the document translates the commitment of ECOWAS in promoting gender sensitive policies and initiatives.

The workshop served as a platform for stakeholders to provide valuable insights, feedback, and recommendations to enhance the effectiveness and relevance of the Gender Mainstreaming Strategy. Participants engaged in lively discussions, sharing best practices, success stories, and innovative approaches to advancing gender equality within the renewable energy sector.
A report was pre-approved by the National Gender-Energy Focal Points of the Ministries of Energy of ECOWAS Member States during an online workshop on 8 May 2024.

Distributed by APO Group on behalf of Economic Community of West African States (ECOWAS).