energy - Afrikan Heroes

New Opportunity for African Startups in Energy, Agriculture and Transportation

December 11, 2020

A window of opportunities has opened for African startups in the energy, agriculture, mobility and transportation sectors through the Seedstars and Shell Foundation’s partnership to identify sustainable, scalable and innovative startups addressing universal access to energy-related challenges, as well as sustainable agriculture, mobility and transportation.

Energy, Mobility and Agriculture Innovation Programme

With support from the UK Foreign, Commonwealth & Development Office (FCDO), Seedstars and Shell Foundation have launched the Energy, Mobility and Agriculture Innovation Programme to find African tech entrepreneurs in the mobility, transportation, energy, and agriculture space in order to provide them with the resources, training, and potential funding to scale their startups and impact.

The objective of this program is to support, catalyse and train the highest potential tech-based, early-stage, African-led startups working towards universal access to energy, sustainable mobility and transportation, or sustainable agriculture value chains. Selected startups will take part in Seedstars’ three-month Investment Readiness Programme, which will provide the entrepreneurs with one-on-one mentoring with industry experts, potential funding opportunities, and the chance to leverage human and knowledge resources available within Shell Foundation. Interested parties can apply here before December 20.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Germany Africa Business Forum announces funds for energy startups

July 26, 2019

The Germany Africa Business Forum (GABF) announced Thursday a multimillion-Euro funding commitment to investing in German energy startups that focus on Africa.

The GABF, based in Berlin and Johannesburg, South Africa, said the funds are the first of their kind for the advocacy group seeking to advance German partnerships with the continent.

“Our initial goal is to support the investment in German companies and to start with funding allocations by the end of this year,” said Sebastian Wagner, co-founder of the GABF.

The news was welcomed by Cameroonian business leader NJ Ayuk, the CEO of Centurion Law Group based in Equatorial Guinea.
“The future of Africa’s energy industry will depend on technology and innovation. When German startups and Africans work together, we can build something unique for both our peoples,” Ayuk said. “I applaud the GABF for this well-thought-out initiative. I believe it is in line with the goals of the G20 Compact with Africa, driven by Germany.”

That compact, launched in 2017, is open to all African countries and has 12 nations participating to date. They include Benin, Burkina Faso, Côte d’Ivoire, Egypt, Ethiopia, Ghana, and Guinea, along with Morocco, Rwanda, Senegal, Togo, and Tunisia. The compact places renewable energy and rural employment as priorities for African investment.

The GABF also launched in 2017, with a parallel vision to facilitate German investment in Africa by connecting top African business and political leaders with their African counterparts.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world.

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Germany Africa Business Forum announces multi-million Euro funding commitment to investing in German-African energy startups

The Germany Africa Business Forum, whose goal is to strengthen investment ties between Germany and Africa, announced it has, in collaboration with private partners from the energy industry, launched a multi-million Euro funding commitment to investing in German energy startups that focus on Africa.

The funding commitment, which pledges funds to German startups with exposure to African energy projects, will be the first such intra-regional initiative.

“Our initial goal is to support the investment in German companies and to start with funding allocations by the end of this year”, said Sebastian Wagner, co-founder of the GABF. “Through our partners, we will immediately get involved in investing in solutions-driven German startups with pragmatic business models to solve Africa’s energy challenges through the provision of German technology and innovation”, he added.

“The future of Africa’s energy industry will depend on technology and innovation. When German start-ups and Africans work together, we can build something unique for both our peoples.

I applaud the GABF for this well-thought-out initiative. I believe it is in line with the goals of the G20 Compact with Africa, driven by Germany”, stated NJ Ayuk, a pan-African energy dealmaker, CEO of Centurion Law Group and Executive Chairman of the African Energy Chamber, a supporter of the initiative.

Anchored in the private sector, the GABF brings together Africa’s foremost executives with German companies, investors and innovators with the aim of driving change.

Founded in 2017 as a “private for privates”, the GABF encourages German investors to consider the African continent as a profitable and important investment destination. Through a series of initiatives, the GABF draws together African business and political leaders with Germany’s preeminent innovators to develop fresh investment concepts that shape German and African business ties, as well as economic thought.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

Facebook: https://web.facebook.com/Afrikanheroes/

African Energy Chamber’s President to Lead Angolan Services Companies’ African Outreach at Upcoming Oil & Gas Meeting Day in Malabo

July 17, 2019

Angolan and Mozambican services companies are answering to Equatorial Guinea’s call to cooperation and will be participating in the Oil & Gas Meeting Day in Malabo on October 1st and 2nd, 2019. The delegation will be led by President of the African Energy Chamber in Angola, Sergio Pugliese.

The growth of Africa’s oil & gas sector presents the continent’s services companies with tremendous opportunities for partnerships and regional expansion. As Africa’s second-largest oil producer and thanks to its strong local content efforts, Angola is now home to countless services companies with the necessary capacities to expand across sub-Saharan Africa.

“Angola is known for having strong local services companies,” said Sergio Pugliese. “The growth of our local content is now accelerating thanks to the reforms made by President João Lourenço and his administration. We now have Angolan companies that developed strong capabilities and are ready to expand beyond Angola.

They are seeking partnerships and deals with other African and international services and technology companies, to serve both their regional expansion plans but also to further support the growth of the Angolan industry at home. The Oil & Gas Meeting Day provides the perfect platform to seal such deals.”

The African Energy Chamber supports the Oil & Gas Meeting Day, a Year of Energy event organized by Equatorial Guinea’s National Alliance of Hydrocarbons Service Companies (NAHSCO). Malabo has positioned itself as the hub for services companies to engage in meaningful conversations on how to build the next generation of African oil & gas leaders and companies.

The services industry is a massive job creator and a strong pillar of the global oil & gas industry. As cooperation amongst African oil markets increases, the need for services companies to step up their game and pursue an aggressive outreach has become a necessity.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.