Small Foundation invests in investment firm Capria Ventures to foster technological innovation

AFRICA – Small Foundation, a philanthropic foundation focused on catalysing income-generating opportunities in Sub-Saharan Africa (SSA), has invested in a hybrid debt facility with global investment firm Capria Ventures to advance enterprise-led economic development and foster technological innovation in the region. The partnership with Small Foundation will fund more such investors, while the collaboration will also focus on developing pragmatic ways to measure the impact of local partners’ investments in Africa. “Supporting highly leveraged opportunities to drive sustained impact in Sub-Saharan Africa is at the core of Small Foundation’s work.…

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ACTING releases its inaugural gas report, expects 55% growth by 2025

AFRICA – The African Coalition for Trade & Investment in Natural Gas (ACTING), a non-profit initiative jointly managed with Hawilti Ltd and The African Energy Chamber, has announced the release and publication of its inaugural gas report. By gathering several datasets in a single resource, ACTING’s “State of Play: African Gas” report combines the most up-to-date and accurate information on sub-Saharan African gas markets. It provides the most comprehensive resource on sub-Saharan Africa’s natural gas markets gas to power. It notably reveals that the growth of Africa’s natural gas consumption…

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African Energy Chamber and CPGM collaborate to support local investments

MOZAMBIQUE – The African Energy Chamber and the Mozambican Oil & Gas Chamber (CPGM) have signed a cooperation agreement to support the development of local content in Mozambique and the attraction of investments into key segments of the country’s energy industry. With multi-billion dollar LNG projects under-construction, including Coral South FLNG and Mozambique LNG, the country is on its way to become a global gas market and competitive African energy frontier. Ongoing developments, and potential future ones such as Rovuma LNG, have the potential to transform the Mozambican economy not…

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African Energy Chamber salutes BEAC for relaxing its currency controls for oil and gas industries

AFRICA – The African Energy Chamber has saluted the Bank of Central African States (BEAC) for their willingness to offer the best enabling environment for the oil & gas industry in the wake of the ongoing crisis. Earlier this year, the Chamber had joined several industry stakeholders in calling on the BEAC to relax its currency controls rules adopted in June 2019. In a meeting held recently, the Board of Directors of BEAC allowed the opening of foreign currency escrow accounts by petroleum and mining operators. The authorization was given…

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TSAVO Oilfield Services alongside 7 key partners endorse Equal by 30 Campaign

KENYA – TSAVO Oilfield Services, a premier energy consultancy serving the Oil & Gas, Geothermal and Mining sectors within the East African region, has become a signatory of the Equal by 30 campaign, alongside 7 key partners across the African continent, including the African Energy Chamber.    “It fills me with great joy to join and support the Equal by 30 campaign. I know too well just how vital a role women can play in the energy sector, when they seize opportunities and create them, as I have been able to do,” said Eng. Elizabeth Rogo, Founder &…

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African Energy Chamber appoints new executives for Central and East Africa

AFRICA – The African Energy Chamber has appointed Leoncio Amada Nze, Founder & CEO of APEX Industries, as its Executive-President for the Central African Economic and Monetary Community (CEMAC), and Eng. Elizabeth Rogo, Founder & CEO of TSAVO Oilfield Services, as its President for East Africa. Elizabeth is based in Nairobi and will represent the Chamber across the region, including Kenya, South Sudan, Ethiopia, Uganda, Tanzania, Rwanda and Burundi. Leoncio will be based in Malabo where he will act on behalf of the Chamber across all public and private sector…

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