Showing posts with label technology. Show all posts
Showing posts with label technology. Show all posts

Tuesday, February 7, 2023

U.S.-Africa Business Summit set for July 11-14 2023 in Gaborone, Botswana

During a recent visit to Gaborone, Botswana, Corporate Council on Africa (CCA) President and CEO Florizelle “Florie” Liser was honored to meet with H.E. Mokgweetsi Masisi, President of the Republic of Botswana, who reiterated his Government’s commitment to successfully co-hosting the 15th U.S.-Africa Business Summit (USABS) in Botswana later this year.

Ms. Liser made the announcement with Minister of Investment, Trade and Industry, Hon. Mmusi Kgafela that the Summit will be held July 11-14 2023 in Gaborone.

President Masisi noted that key Cabinet officials who attended the meeting were ready to mobilize their ministries and work collaboratively with CCA and the private sector to organize a highly successful Summit.

Florie Liser with H.E. Mokgweetsi Masisi, President of the Republic of Botswana


The U.S.-Africa Business Summit is the Corporate Council on Africa’s premier annual event, bringing together African heads of state, senior U.S. and African government officials, and top CEO’s and senior business executives from the U.S. and Africa spanning major business sectors that are critical to the continent’s development. These include infrastructure, ICT / digital, health, energy, mining, agriculture, consumer goods, finance, tourism and creative industries.

The 15th USABS theme “Enhancing Africa’s Value in Global Value Chains” highlights an issue that was heavily discussed during the U.S. - Africa Business Forum, hosted by President Joseph R. Biden on the second day of the U.S.-Africa Leaders Summit in Washington, DC in December 2022. During the Forum, President Biden announced more than $55 billion in new U.S. government programs to support trade, investment and development in Africa along with more than $15 billion in new trade and investment deals made by private sector companies that were in attendance.

 CCA was proud to have co-organized the U.S.-Africa Business Forum which highlighted opportunities for greater collaboration between the U.S. and African private sector. This year’s CCA Summit will build on and advance those discussions, further deepening U.S.-Africa economic engagement and business ties.

 With a desire to keep the positive momentum going from the U.S.-Africa Leaders Summit and Business Forum, Ms. Florie Liser stated that " the U.S.-Africa Business Summit is an important platform and opportunity to again bring together U.S. and African government and private sector leaders to grow U.S.-Africa trade, business, and mutually beneficial gains for the people and businesses of both the United States and Africa.”

Minister of Investment, Trade and Industry the Honorable Mmusi Kgafela said, “We look forward to working with our partners at the Corporate Council on Africa to herald a new era of two-way trade and investment between Africa and the United States. We welcome U.S. private sector businesses to drive investment and technology that can enhance Africa’s role in key global value chains, create jobs, and spur economic growth here in Botswana and across the continent.”

Click HERE for updates.


Tuesday, January 31, 2023

Starlink, SpaceX's satellite internet service now live in Nigeria

Starlink, SpaceX's satellite internet service, has gone live in Nigeria, making it the first African country to receive service. The company announced the development on its Twitter page on Monday. Isa Ali Pantami, Nigeria's minister of communications and digital economy, celebrated the milestone in a social-media post.

He tweeted: "We have made it again. @SpaceX thank you for hosting me in your Headquarters, USA in December 2022 to complete the logistics for the deployment."

Elon Musk


SpaceX's CEO, Elon Musk, announced Starlink's plans to expand into Africa last year. In May, he said Starlink had been approved to provide broadband internet in Nigeria and Mozambique. Starlink operates in dozens of countries and has more than one million users. However, Musk said the service is losing money.

Musk said in October that Starlink was suffering from a lack of funds, in response to a Twitter user who referenced CNN's report about SpaceX asking the Pentagon to pay for the service in Ukraine. He later said SpaceX had withdrawn the request for funding over Starlink in Ukraine.

SpaceX has provided the country with thousands of Starlink dishes since Russia invaded in February. The billionaire said in October that only 10,630 out of 25,300 Starlink terminals in Ukraine were paying for service.

SpaceX did not immediately respond to Insider's request for further comment made outside normal working hours.

Source: Business Insider

Tuesday, November 22, 2022

Nigeria and African Energy Poverty and Gas-To-Power Projects: Build More and Build Better


As the executive chairman of the African Energy Chamber (AEC), it’s my honor and my privilege to tell the world the story of Africa’s oil and gas industry – to explain what this continent can do to help power the world and fuel its own future. But it’s also my mission to talk about African energy poverty and to explain why this continent needs better access to energy now in order to illuminate its own potential and power forward.

To illustrate the issue of energy poverty in general, I’d like to focus on energy poverty in Nigeria in particular.

Within Africa, Nigeria is an interesting subject. It’s the most heavily populated country in Africa, with more than 200 million citizens. It surpassed South Africa to become the continent’s largest economy about a decade ago, and its GDP topped USD441.5 billion in 2021. It has the largest crude oil reserves in sub-Saharan Africa and is typically the largest liquids producer in the region, though output figures have slumped this year due to problems with theft and sabotage. Likewise, it has sub-Saharan Africa’s biggest reserves of natural and associated gas and is far and away the region’s biggest gas producer.

Nigeria also experiences significant energy poverty, despite these advantages. As noted in the AEC’s recently released report, “The State of African Energy: 2023 Outlook,” consistent access to modern energy services – that is, steady and reliable electricity supplies – is available to only 60% of the country’s population on average, and access rates appear to be significantly lower in rural areas than they are in urban areas. And according to World Bank data, about 99.9 million people, or more than 47% of Nigeria’s population, lived in rural areas as of the end of 2021. That means nearly 100 million Nigerians are living without any true level of certainty that the lights and the electric power that so many in the developed world take for granted will stay on.

I, for one, think they deserve to have that certainty.

They deserve it on human grounds, and their country already has a significant amount of what is needed to provide them with it. And by that, I mean that Nigeria has gas that it could use to generate power.

What Nigeria Has

As I’ve already noted, the country’s gas resources are the largest in sub-Saharan Africa. Nigeria has already been shown to have more than 200 trillion cubic feet (tcf) of gas in proven reserves, and government officials believe that the figure could go even higher, perhaps reaching 600 trillion cubic feet (tcf) following additional exploration.

If that prediction comes true, Nigeria will have the fourth largest gas reserves in the world, behind only Russia, Iran, and Qatar. It will have more than enough gas to meet current demand; it will have enough gas to produce significant volumes of LNG for export while also supporting gasification programs, both on the domestic and regional levels.

But it’s not enough just to have all that gas. Nigeria also needs the means to make use of its gas. Without the proper infrastructure, it won’t be able to put its resources to work and will merely have a scattered collection of raw materials.

What Nigeria Needs

In practical terms, this means that Nigeria ought to have the following:

- Upstream production facilities for gas.

- Midstream gas transportation facilities such as pipelines, including field networks and trunk lines.

- Downstream gas-processing plants and production facilities for gas-derived fuels such as liquefied natural gas (LNG), compressed natural gas (CNG), and liquid petroleum gas (LPG).

- Downstream gas distribution systems, including town gas networks.

- Downstream gas storage depots.

- Gas-fired thermal power plants (TPPs) – preferably co-generation plants, as they are more efficient.

- Transmission, distribution, and storage infrastructure for the electricity produced by gas-fired TPPs.

- Smart and secure operational technology (OT) systems that can optimize the flow of data and resources between consumer markets and energy networks.

I’m not suggesting here that it’s the Nigerian government’s job to provide all this infrastructure. But I do believe that it’s Abuja’s responsibility to make sure that this infrastructure becomes available. To this end, I think that Nigeria also needs government bureaucracies that are competent and trustworthy enough to ensure that oil-, gas-, and power-related contracts are only awarded to companies capable of providing the goods and services required within the acceptable parameters.




What Nigeria Envisions

Developing this infrastructure requires the right kind of vision, which Nigeria already has in place: its “Decade of Gas” program is designed to make the country entirely gas-powered by 2030.

When President Muhammadu Buhari rolled out this initiative in March 2021, he indicated that it aimed to make the gas sector the cornerstone of Nigerian economic activity. By the time the “Decade of Gas” comes to an end, he said, the country will have done the following:

- Adopted a new oil and gas law to facilitate investment.

- Carried out new exploration projects, discovered new reserves, and brought new fields onstream.

- Constructed new gas-processing plants and production facilities for LPG and other gas-derived fuels.

- Built new export pipelines and constructed new production trains at gas liquefaction plants such as Nigeria LNG (NLNG).

- Constructed new domestic pipelines along routes to serve local customers plus gas-fired thermal power plants (TPPs) to increase domestic electricity supplies.

- Expanded domestic power transmission and distribution networks, especially in rural areas.


Nigeria still has a significant amount of ground to cover before it achieves all of these targets. However, it has made progress. The biggest example of this is the Petroleum Industry Act (PIA), which Buhari signed into law after it passed both houses of the National Assembly. The Nigerian government is also successfully promoting LPG, a gas-derived fuel, as a replacement for wood and charcoal as cooking fuel. (According to NLNG, domestic LPG consumption has climbed by around 1,000% over the last 14 years.)

And as recently as this November,  Nigeria moved closer to building its first floating liquified natural gas (FLNG) facility. Nigerian company UTM Offshore signed a front-end engineering design (FEED) contract to design the facility with JGC Corporation, Technip Energies, and KBR. Chief Timipre Sylva, Minister of Petroleum Resources, Nigeria, described the project as a step in the right direction for Nigeria to develop, exploit, and monetize its natural gas.

During the African Energy Week in Cape Town, Amni International Petroleum Development Company Limited, a Nigerian independent oil and gas exploration and production company and the African Export–Import Bank (Afreximbank) signed an agreement for the provision of a $600 million syndicated reserve-based lending facility.

To a lesser extent, Abuja can also claim credit for the headway it has made on the Ajaokuta-Kaduna-Kano (AKK) pipeline, which is being built to bring gas to the northern part of the country. When finished, the pipeline will deliver fuel to gas-powered industrial facilities and feedstock to TPPs with a generating capacity of 3,600 MW. It may also serve eventually as the first leg of the Trans-Saharan Gas Pipeline (TSGP) network, which will allow Nigeria to export gas to Europe via Algeria. Unfortunately, though, the project has been running behind schedule, and the heavy floods that began hitting many parts of the country in mid-2022 have caused additional delays.

In the meantime, Abuja has also moved forward with plans for establishing another gas export network – the Nigeria-Morocco Gas Pipeline (NMGP), a 5,600-km offshore network that would serve more than a dozen West African states. This system would, like TSGP, pump Nigerian gas to Europe, but it would also serve the purpose of delivering the gas to regional markets as well. As such, it would establish Nigeria as a supplier of fuel to much of West Africa.

Thus far, neither NMGP nor TSGP has been built. But Nigerian authorities are working to hammer out agreements on these projects – and they see the ways that European market conditions have changed since the beginning of 2022 as an incentive to work harder and to work faster.

What Nigeria Could Achieve

If they succeed, they will create infrastructure that could do quite a bit to alleviate energy poverty in Nigeria and beyond.

In the case of NMGP, the construction of this pipeline would provide multiple countries beyond Nigeria with a steady source of gas. As such, it would serve as an incentive for the construction of TPPs in places where millions of people do not have access to reliable energy supplies. At the same time, the pipeline’s access to European markets, where buyers are more likely to pay in hard currency, would help ensure the profitability of the whole system.

Likewise, the TSGP network has the potential to benefit Nigeria by ensuring that the country has enough access to hard-currency markets in Europe to cover the costs of the domestic initiatives that depend on AKK – that is, the gas-fired power and industrial projects in the northern part of the country.

Infrastructure Is Needed Throughout the Continent

Of course, energy poverty is not limited to Nigeria; more than 600 million people in Africa lack access to electricity, and nearly 730 million use hazardous and inefficient cooking fuels and technologies. Nevertheless, while each African country is unique, I hope that this look at Nigeria helps shed light on some of the common challenges facing our continent’s countries — a higher rate of energy poverty in rural areas and the tremendous need for infrastructure development.

As “The State of African Energy: 2023 Outlook” points out, even in the four African countries with a universal electricity rate of more than 70% — Egypt, South Africa, Kenya, and Algeria — access to electricity drops significantly in rural areas, to an average of about 63% of the population, compared to an average of 96% in urban areas.

The situation for rural Africans is even more dismal in other parts of the continent. In the Democratic Republic of Congo, for example, only about 19% of the overall population has access to electricity and in rural areas, only 1% of the population has electricity.

This will not change until we develop the necessary infrastructure to deliver energy to Africans throughout the continent.

On the brighter side, Nigeria also gives us examples of measures African countries can take to begin addressing these challenges. No, Nigeria has not achieved its ultimate goal-eradicating energy poverty, but it has plans and initiatives in place with real potential to make a difference — as long as Nigeria continues pursuing them.

If they haven’t done it yet, governments throughout the continent should be developing and implementing multipronged programs of their own to eradicate energy poverty. They, like Nigeria, should be leveraging their natural gas resources. They should be developing and executing gas utilization plans, improving their approach to resource management, monetizing natural gas to help pay for infrastructure projects, and launching more gas-to-power initiatives.

Instead of being daunted by the vast numbers of Africans without electricity, shrugging our shoulders, and giving up, I hope that we will be steadfast in our determination to make energy poverty history by the end of this decade.

For a complete look at our recommendations and “The State of African Energy: 2023 Outlook,” download our report here (https://bit.ly/3goAZzK).

OPINION PIECE by By NJ Ayuk, Executive Chairman, African Energy Chamber

Distributed by APO Group on behalf of African Energy Chamber.

 


Wednesday, September 14, 2022

Ooni lauds tech entrepreneur for solutions driven initiative

His Imperial Majesty Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, recently visited the Lagos offices of Cavista Nigeria, and lauded its founder and chairman Niyi John Olajide for his strides in creating advanced technology as a tool for development and job creation.

During the visit, the Ooni further stated that the giant strides of Olajide, a proud descendant of Oduduwa from Erinmope-Ekiti, Ekiti State, should not go unnoticed.

“Despite the stereotype woven around Nigerian youths, Olajide has proven himself to be a worthy ambassador putting Nigeria on the world map as a problem-solver.,” the Ooni said. “The purpose of my visit is to show my unflinching support for him and task the government to encourage technology businesses and entrepreneurs to achieve their dreams by creating an enabling environment.”

The Ooni also said Olajide, the founder and president of leading global healthcare technology company Axxess, a global partner to Cavista, is setting an extraordinary example for other business leaders.

“At a time when the best brains of our young people are relocating out of Nigeria due to a harsh economic climate, Olajide is in Nigeria utilizing his wealth of experience to create opportunities for job creation while ensuring consistent development of technology solutions in healthcare delivery across Africa,” the Ooni emphasized.

“Olajide is doing a lot, not only for himself but for the Nigerian youths he has engaged,” the Ooni continued. “Nigeria requires more than 65% of its total young population to take the lead in instituting modern governance and leadership, as well as establishing the noblest economic outlooks capable of competing favorably with any nation in the world through their entrepreneurial spirit.”

Since Olajide created Axxess in 2007 as an IT consulting firm, it has created and pioneered innovative healthcare solutions using cutting-edge technology to solve complex challenges in healthcare in North America and Africa. Today, Axxess is trusted by more than 9,000 organizations that serve more than 3 million patients worldwide.

“With investments in Cavista Nigeria, where more than 250 software engineers are currently employed, we provide cloud-based solutions that can be used anytime, anywhere, so people can receive the absolute best healthcare efficiently, and in the privacy and comfort of wherever they call home,” Olajide said.

 

John Olajide with the Ooni of Ife

“Olajide’s story of struggles and challenges resonate with me and strikes a chord with a lesson of always believing in your dreams,” the Ooni said. “His toughness and doggedness exemplify the widely-held belief of ‘no pain, no gain.’ Indeed, there is the promise of greater value and reward for the price of persistent and intentional work.”

Appreciating the Ooni for his words of encouragement and playing his fatherly role during the visit, Olajide noted he kick-started his entrepreneurial sojourn from his days at the University of Texas at Dallas, where the vision for Axxess was conceived.

Ooni presents a gift to John Olajide

Axxess has a diverse pool of employees representing more than 45 countries worldwide.

“I believe that when we can harness the power of our diversity, we will replicate our success around the world in Nigeria at Cavista,” Olajide said.