In 2022, the role of Africa-tailored financial solutions has been clearly defined and continental institutions have become key to attracting investment and developing Africa’s energy landscape. Although foreign direct investment may decline, African institutions are increasing their own investment in African energy. With this in mind, Nigerian financial institution Moneda Invest Africa has joined the African Energy Week (AEW) conference and exhibition (www.AECWeek.com) – Africa’s premier event for the oil and gas sector, which will take place from October 18 to 21, 2022, in Cape Town – as a platinum sponsor of Africa’s content and finance.

Since its inception in 2015, the Nigerian financial institution has been instrumental in maximizing energy production, trade and supply through financial and technical advisory offerings across the oil and gas value chain for clients including majors Chevron, TotalEnergies and Shell, and also local firms such as the Nigerian Petroleum Development Company Limited. For its part, the company aims to champion local content while funding local service providers to develop strong, competitive domestic markets in Africa. By channeling capital into local workforce and market development, Moneda Invest Africa empowers local companies and empowers them. Therefore, as a platinum sponsor of local content and finance at AEW 2022, Moneda Invest Africa will address the challenges of financing local companies by engaging with stakeholders on the challenges and opportunities facing the African energy industry, while offering tangible solutions.

While Africa’s energy potential is vast – the continent’s proven reserves are estimated at 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves, much of which remains untapped – energy poverty continues to grow as 600 million people live without access to reliable sources and affordable energy and 900 million without access to clean food across the continent. However, firms such as Moneda Invest Africa are aiming to reverse this trend by improving access to finance so that energy-related developments can thrive.

Through a number of partnerships with global energy players including Baker Hughes, bp and Sahara Group, Moneda Invest Africa aims to increase investment in energy to improve energy access and economic growth. The company’s involvement as a platinum sponsor of AEW 2022 is further evidence of the organization’s commitment to helping Africa develop its own narrative of a just and inclusive energy transition, in which the continent’s oil and gas resources play a key role in driving economic growth and addressing energy poverty.

In line with Africa’s just energy transition, as the diversification of the energy mix is ​​strengthened to ensure energy security and sustainable development through the deployment of renewable energy sources, Moneda Invest Africa has also become a trusted financial partner for renewable energy developers across the continent, building strong relationships with major players in the sector to simplify and accelerate technology penetration. In this regard, AEW 2022 – where energy investments will be discussed, agreed and signed – provides the best platform for Moneda Invest Africa to provide an update on some of its project rollouts, while promoting investment opportunities across the entire energy value chain in Africa to continental and regional energy companies and investors.

“Despite the fact that an enabling regulatory framework has been put in place to support the exploitation of oil and gas resources, underinvestment remains a major obstacle to Africa’s achievement of its socio-economic development goals. The Chamber appreciates the work carried out by Moneda Invest Africa. The company’s vision to increase investment in oil and gas is what Africa needs to increase access to energy and reduce dependence on energy imports,” says N.J. Ayuk, Executive Chairman of the African Energy Chamber (AEC).

Under the theme “Exploring and investing in Africa’s energy future while creating an enabling environment”, AEW 2022 will host Moneda Invest Africa representatives for high-level discussions on energy investment, energy poverty, energy access and sustainable development and monetization of the continent’s energy resources.

Distributed by APO Group on behalf of Africa Energy Week (AEW).

Media contact:
For sales, please contact [email protected]
For questions about attendance, please contact [email protected]
For questions related to the speaker, please contact [email protected]
For media related questions, please contact [email protected].

About Africa Energy Week (AEW) 2022:
AEW 2022 is the AEC’s annual conference, exhibition and networking event. AEW 2022 brings together African energy stakeholders with investors and international partners to drive the growth and development of the industry and promote Africa as a destination for energy investment. Key organizations such as the Organization of African Petroleum Producers, as well as African heavyweights including Equatorial Guinea and Nigeria, are partnering with AEW, reinforcing the role the event will play in Africa’s energy future.

This press release was published by APO. The African Business editorial team does not control the content, and the content has not been reviewed or endorsed by our editorial teams, proofreaders or fact-checkers. The issuer is solely responsible for the content of this message.

Source by [author_name]

Previous articleHala! Carol Tshabalala is remarrying after years of divorce
Next articleGauteng Health CFO and Tembisa Hospital CEO suspended over allegations of improper procurement processes – SABC News