African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has responded to the devastation caused by Hurricane Beryl, donating over half a million US dollars to aid disaster relief and rebuilding efforts across Caribbean countries that were hard-hit. 

Hurricane Beryl severely devastated the Grenadian islands of Carriacou and Petite Martinique as well as several islands in Saint Vincent and the Grenadines, including Union Island and Mayreau. It also impacted Saint Lucia and Barbados to a lesser extent.

Mr. Okechukwu Ihejirika, Acting Chief Operating Officer of Afreximbank Caribbean Office delivered a letter of solidarity from Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, to the Prime Ministers of the four nations.

In the letter, Prof. Oramah, pointed out that the impacted nations were part of the 11 Caribbean Community (CARICOM) countries that were participating in Afreximbank under a Partnership Treaty entered by, and between Afreximbank and CARICOM Member States. He added that it was only important for the Bank  ‘to stand with them at this difficult time’.

“The news of the hurricane’s impact has deeply saddened us, and our thoughts are with everyone affected by that devastating event. However, the strength and resilience of Caribbean people is well-known; we have no doubt that these qualities will shine through during this difficult period,” said President Oramah.

Besides delivering on its trade and development mandate, the Bank also takes proactive steps to help countries deal with global climate and health emergencies, given the rising frequency and intensity of climate and health disasters in Africa and the Caribbean. 

Distributed by APO Group on behalf of Afreximbank.

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Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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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

The Angola Oil&Gas (AOG) conference and exhibition returns to Luanda from October 2-3 to facilitate deal-signings and drive projects forward in Angola. As the premier event for the industry, AOG 2024 creates strategic opportunities for companies to gain updates on major projects, connect with government ahead of the country’s 2025 bid round while engaging with regional counterparts on opportunities across the broader African energy landscape.

Under the theme Driving Exploration and Development Towards Increased Production in Angola, this year’s event offers an expanded conference agenda, a strong lineup of global speakers and enhanced opportunities for companies to collaborate in Angolan oil and gas. This is what you can look forward to this year’s AOG conference:

Multi-Track Program

AOG 2024’s multi-track program is designed to showcase the most promising opportunities in the sector while addressing emerging challenges and industry trends. Covering three primary tracks while featuring an array of presentations, workshops and networking functions, the event covers the entire oil and gas value chain in Angola. In addition to panel discussions, the multi-track program features on-stage interviews with major operators. This unique program feature offers a strategic opportunity for companies, investors and service providers to gain insight into some of the country’s biggest oil and gas projects.

For more information about the AOG program, visit https://apo-opa.co/4cSRIm5.

Pre-Conference Technical Program

AOG 2024 will host a pre-conference technical program ahead of the main event. Taking place on October 1, the pre-conference features a series of workshops and technical presentations and is designed to provide in-depth strategic insight into the technical aspects of Angola’s oil and gas industry. Led by a roster of distinguished industry experts, this platform for knowledge transfer features presentations on a variety of technical topics for professionals across the oil and gas value chain including engineers, lawyers, service providers, logistics companies, financiers, and more.

For more information about the AOG pre-conference program, visit https://apo-opa.co/3Thx08i.

High-Level Speakers

AOG 2024 features a strong lineup of high-level speakers, all of which will unpack the country’s project pipeline, investment opportunities and collaborative prospects. Energy and hydrocarbon ministers from Angola, Namibia, the Democratic Republic of the Congo, the Republic of Congo and the African Petroleum Producers Organization are attending while executives from Sonangol, the ANPG, IRDP, TotalEnergies, Chevron, ExxonMobil, Azule Energy and more are participating.

For more information about the AOG 2024 speaker lineup, visit https://apo-opa.co/47cs0rg.

Innovative Exhibition

This year’s AOG conference will feature an exhibition which showcases the best in Angolan oil and gas. From oilfield services to infrastructure and logistics to exploration and production and seismic, the AOG exhibition is the go-to platform for insight into the established market.

For the first time ever, AOG is offering an exclusive exhibition-only pass due to high demand. These passes provide access to the event’s fully sold-out exhibition area, showcasing cutting-edge innovations in the oil and gas industry and related fields. With 20% of these passes already sold, secure yours quickly to explore the latest advancements and network with industry leaders.

Visit https://apo-opa.co/47cAnmW for more information.

Strategic Networking

With its strong international focus, AOG 2024 serves as a strategic opportunity for local, regional and global delegates to collaborate and discover new avenues for investment. Extensive networking opportunities such as networking breaks, lunches, cocktail functions and the gala dinner offer the chance for delegates to partner and build meaningful business relationships. In line with efforts to drive exploration and development in Angola, networking opportunities lay the foundation for heightened collaboration in Angola.

For more information about AOG 2024, visit www.AngolaOilandGas.com and secure your pass today!

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

About AOG:
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 Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; 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.

As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) is vehemently opposed to the Climate Rights International’s (CRI) – an organization fixated on perpetuating global energy poverty – in its efforts to prevent financial institutions and insurers from providing support to Uganda’s energy industry. With an electrification rate of less than 60% in urban areas and less than 20% in rural areas, Uganda should be allowed every right to tap into its 1.4 billion barrels of recoverable oil reserves and half-trillion cubic feet of proven natural gas reserves to ensure economic growth and social development in the country.

Fixated on disseminating energy poverty in Uganda, CRI Executive Director Brad Adams has called on the international community to divest in the development of the country’s Kingfisher oil field. Due to be commissioned in 2025, the project, which has created more than 1,500 local employment opportunities, is poised to become the first commercial oil field in Uganda. The field is estimated to hold 560 million barrels of oil and demonstrates the potential to bring untold benefits to the country and her people.

Determined to improve the landscape of the African energy sector, the AEC has been to Uganda. The Chamber has spoken with investors in the project and the communities of Uganda, who are wholehearted in their support for this crucial project. Yet, despite Uganda’s dedication to leveraging its resources to ensure reliable oil and gas supplies to meet local demand, a lack of investment in production and infrastructure development as a result of interference from developed nations has resulted in a stagnant market for the country.

Growing international pressure for the world to transition to renewable energy on the terms of the Global North is crippling energy progress in Africa. As Ugandans struggle to keep the lights on, to keep their families fed and healthy, average monthly U.S. crude oil production established a monthly record high of more than 13.3 million barrels per day (bpd) in December 2023. Meanwhile U.S. natural gas production continues to grow, reaching an average of nearly 100 billion cubic feet per day just a couple years ago. In Norway, the country reached an average daily gas output of roughly 11.4 billion cubic feet while daily oil production showed over 2 million barrels. The UK uses half a million tons of coal for energy production while Germany clocks in at the fourth largest consumer in the world with 257 million tons. And there are no signs of slowing.

In a 156-page report published this month, CRI said it documented widespread human rights abuses and environmental damage at the Kingfisher site in eastern Uganda. As a result of these insinuations, the CRI has called on all financial institutions and insurers to cease all support for the project, bringing untold harm to dozens of communities and millions of people in the country. Having visited the project on a number of occasions, the Chamber wholeheartedly denies these unfounded accusations of abuse and instead bids the CRI to beckon the U.S. and Norway to stop producing. To stop the UK and Germany from burning coal. Instead of beckoning Uganda to halt its development, perhaps Adams should ask Norway and Germany to cancel their gas deal rather than fixating on keeping Uganda poor.

“The time for Uganda to exploit its immensely valuable resources is now. Africa will not give in to international coercion to prevent the continent from energizing and bringing wealth to its people. Africa will not succumb to pressure to adhere to the energy transition on anyone else’s terms. We know what is good for African energy and we will do everything in our power to ensure that the continent’s resources benefit her people,” states AEC Executive Chairman NJ Ayuk.

The AEC is determined to improve the landscape of the African energy sector and explore the continent’s full potential in a way where our people benefit first. The AEC collaborates with African and international partners across the government and private sector spectrum in all areas of the energy industry and the Chamber is unremittent in its passion to drive energy development throughout the continent. 

Distributed by APO Group on behalf of African Energy Chamber.

Turkish Cooperation and Coordination Agency (TİKA) has donated a playground, educational materials, therapeutic tools, and recreational equipment to the Mustaqbal Center for Special Needs in Somalia’s capital, Mogadishu, to contribute to the physical and mental development of the children.

The project aims to significantly enhance the education and social integration of 116 children with special needs, including those with autism, Down syndrome, learning disabilities, and speech delays, who are receiving education and therapy at two campuses in the Hodan and Darussalam regions.

TİKA Mogadishu Coordinator Zafer Eşki highlighted the importance of supporting children with special needs in Somalia, stating, “Through our project, we aim to ensure that these children can continue their development in a fun and educational environment. Our goal is to improve their quality of life and provide equal opportunities in education.”

The Mustaqbal Center for Special Needs officials expressed their gratitude to TİKA for its support.

Distributed by APO Group on behalf of Turkish Cooperation and Coordination Agency (TIKA).