{"id":37181,"date":"2023-05-20T10:51:50","date_gmt":"2023-05-20T10:51:50","guid":{"rendered":"https:\/\/nazing.co.uk\/?p=37181"},"modified":"2023-05-20T10:51:50","modified_gmt":"2023-05-20T10:51:50","slug":"nj-ayuk-on-the-african-energy-renaissance","status":"publish","type":"post","link":"https:\/\/nazing.co.uk\/nj-ayuk-on-the-african-energy-renaissance\/","title":{"rendered":"NJ Ayuk On The African Energy Renaissance"},"content":{"rendered":"\n
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Africa<\/a> is finally speaking up and speaking up in a forceful way about its energy needs. With the complex mix of enormous potential, severe challenges and gapping needs, the road to energy security remains bumpy. Still, the progress is real, and the energy revolution championed by the African Energy Chamber-AEC<\/a>, is not only on course but beginning to show palpable progress, says NJ Ayuk.<\/p>\n\n\n\n Arguably the face of African Energy, NJ Ayuk who serves as Executive Chairman of the African Energy Chamber has been one of the most articulate voices on energy related issues. Where others come to the continent to reap, NJ and the Chamber have continued to sow. In addition to a myriad of events partnered across the continent since the year started, NJ and the AEC have been on the offense hosting invest in African energy events in London, Oslo, Dubai, and Paris coming up.<\/p>\n\n\n\n \u201cThe message we continue to drive at these forums is that Africa is open for investment, and by investing in Africa, you are not only lifting over 600 million people that currently lack energy access out of energy poverty but are financing the very resources that will drive economic growth and industrialization while stabilizing global supply chains,\u201d says NJ Ayuk.<\/p>\n\n\n\n With over 600 million without access to electricity and over 900 million without access to clean cooking solutions, Africa cannot afford to leave its oil and gas in the ground, Ayuk says.When faced with an energy crisis, Europe has once again turned to coal, and yet Africa continues to be told to abandon its oil and gas, Ayuk argues<\/p>\n\n\n\n \u201cWe will make oil and gas in Africa a success and not a cautionary tale of missed opportunity. We will develop and industrialize our economies, we will create jobs and increase revenue, and we will position Africa as global energy hub, all on the back of oil and gas,\u201d says NJ Ayuk in an interview with PAV.<\/p>\n\n\n\n Could we start by getting a synopsis of the African energy scene at this point of the year, what has changed, what is working and where are we still facing stiff challenges?<\/strong><\/p>\n\n\n\n We are seeing a lot of exciting developments across the African energy sector in 2023. From ambitious exploration campaigns in Namibia, the DRC and Sierra Leone, to large-scale infrastructure projects in Angola, Uganda and Mozambique, to forward-focused local content laws and business practices continent wide, progress continues to be made to unlock the full potential of the African energy market. However, we are still faced with supply shortages, the overreliance on imports and price volatility. These challenges can all be addressed with investment and an increase in exploration.<\/p>\n\n\n\n By investing in Africa, you are lifting over 600 million people that currently lack energy access out of energy poverty and building pillars that drive economic growth, says Ayuk to investors.<\/p>\n\n\n\n The African Energy Chamber has been on the offensive with key events in London, Germany, and Dubai, what is the message you are taking to partners and how is this been received?<\/strong><\/p>\n\n\n\n At its core, the Invest in African Energy roadshow connects African policymakers with global investors. The message we continue to drive at these forums is that Africa is open for investment, and by investing in Africa, you are not only lifting over 600 million people that currently lack energy access out of energy poverty but are financing the very resources that will drive economic growth and industrialization while stabilizing global supply chains. For too long, Africa\u2019s oil and gas resources have remained untapped. The forums are aimed at turning this trend around, providing new opportunities for mutually beneficial collaborations between African and global players.<\/p>\n\n\n\n For a continent with such high potential but with critical needs, how is this new approach of hosting events and networking with international stakeholders likely to impact the energy fortunes of the continent?<\/strong><\/p>\n\n\n\n It is through these types of events that Africa will secure the financing it needs to develop its entire energy value chain. Africa\u2019s energy needs primarily come down to investment. We have the resources; we have the political will; and we have a capable workforce. These forums take Africa to the world. We provide the opportunity for global investors and project developers to directly connect with African energy leaders, enabling new deals to be signed, while advancing already forged ties between companies and financiers active on the continent. What\u2019s more, these forums lay the foundation for discussions, deals and project launches that will take place at this year\u2019s African Energy Week (AEW) conference. We are starting the conversation now.<\/p>\n\n\n\n Under the leadership of NJ Ayuk, the African Energy Chamber and Afreximbank signed an MoU to boost African Energy Investments at AEW 2022<\/p>\n\n\n\n