Tag: investments

“It’s Time for the World Bank to End the Ban on Upstream Financing and Tackle Africa’s Energy Poverty Crisis”-AEC

Mr Mohammed

CAPE TOWN, South Africa, June 16, 2025/ — The African Energy Chamber (AEC) (www.EnergyChamber.org) is calling on the World Bank to end its ban on financing upstream oil and gas projects, urging the institution to align with Africa’s urgent need to eradicate energy poverty and achieve sustainable development. Lifting this ban is essential to unlocking the continent’s hydrocarbon resources, delivering reliable and affordable electricity to millions, and generating the revenues required to support Africa’s long-term energy transition. While the AEC welcomes the World Bank’s decision to review its 2017 ban…

Stop Sitting on Blocks: Participate in the AEW 2023 African Farmout Forum

Mr Mohammed

By: N.J.Ayuk Africa’s oil and gas wealth will go to waste unless countries and companies stop sitting on blocks and invest in the production of future energy supplies Africa represents one of the final frontiers for hydrocarbon exploration worldwide. At a time when demand for oil and gas is skyrocketing globally and African nations are making great strides towards industrializing their economies, developing untapped oil and gas resources will be instrumental. Yet, the continent continues to see a trend whereby companies acquire blocks and hold onto the asset until someone…

Humanity International Investments: DRC and UAE to Collaborate on Economic Cooperation, Investment, and Infrastructure as discussed at Annual Investment Meeting

Mr Mohammed

Abu Dhabi, United Arab Emirates, May 10, 2023: The 12th edition of the Annual Investment Meeting (AIM) announced today that the Democratic Republic of the Congo (DRC) and the United Arab Emirates will collaborate on various projects focused on economic cooperation, investment, and infrastructure in addition to promoting humanitarian assistance efforts. This forum was led by Aly Ramji, the General Partner at Humanity International Investments, and included several high-profile speakers as H.E. Mrs. Marie Ndjeka Opombo, the Ambassador of the Democratic Republic of the Congo to the United Arab Emirates,…

Independents Energy Companies are Raring to Go in Africa in 2023 with Sustainable Energy Development (By NJ Ayuk)

Mr Mohammed

  OPINION PIECE They’re bringing private capital, experience, and know-how to the continent JOHANNESBURG, South Africa, December 26, 2022/ — By NJ Ayuk, Executive Chairman, African Energy Chamber In late 2019, Africa Oil Corp. President and CEO Keith Hill told Petroleum Economist that, given Africa’s unproven oil and gas basins, the continent was probably “the greatest frontier,” with outstanding opportunities for exploration, production, and development companies, including independents. Three years later, Hill remains bullish about Africa, and Canada-headquartered Africa Oil Corp. is driving oil and gas exploration here. The company is…

Africa’s free trade area offers promise for cities – but only if there’s investment

Mr Mohammed

Published: July 25, 2022 3.57pm SAST The African Continental Free Trade Area came into operation on 1 January 2021. This is a considerable achievement. The free trade area is now the world’s single largest market for goods and services, when measured by number of countries, after the World Trade Organisation. It is also the largest in terms of geographic area and population size. If implemented as foreseen by the agreement, the free trade area will unlock significant growth for the African continent. The World Bank has estimated that by 2035, trade between African countries…

Gearing up for U.S.-Africa Leaders Summit

Mr Mohammed

MAU Leads the charge in getting bid for Minnesota ………As Consular Corp briefing due in Chicago on Monday By: Mohammed Abu Minnesota Africans United will host a briefing for Chicago-based Consul Generals and Honorary Consuls on Monday, December 12th at the University Club in Chicago. This will be an open meeting, with formal invitations to the Consular Corp and to other key leaders, according to an official MAU announcement. Minnesota Africans United (MAU), the civil society organization representing Diaspora communities from the entire continent, has been crucial to the success…

Sharjah Chamber successfully concludes trade trek in Kenya and Uganda

Mr Mohammed

SHARJAH, 20th November, 2022 (WAM) — The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Export Development Centre (SEDC), concluded its business mission to Uganda and Kenya, heading a delegation that included private sector representatives and a host of prominent manufacturers in Sharjah and the UAE. The six-day mission was a hit for the SCCI as it helped explore new areas of commercial and industrial cooperation with Kenya and Uganda in such many vital domains as energy solutions, technology, food security, iron and steel, and agriculture, as…