Africa Oil Week to be held in Dubai in November

Africa Oil Week, the leading oil and gas show in Africa, has announced a stellar line-up of speakers for the 27th edition, scheduled to be held from 8th to 11th November, 2021, at Madinat Jumeirah in Dubai. Attendees can look forward to engaging and forward-thinking discussions designed to support the African upstream as it emerges from two years of transition and disruption caused by an accelerated energy transition and the global pandemic. 

Africa Oil Week to be held in Dubai in November

Uniting under the theme of "Succeeding in a Changed Market", speakers will tackle topics on how the industry has responded to the evolving market landscape. They will identify opportunities for new players and high-value assets on the horizon and analyse the macro-effects of the global energy transition on the African upstream.

The senior line-up of 150 speakers includes Thomas Camara, Minister of Petroleum, Energy and Renewable Energies, Côte d'Ivoire; Nicolas Terraz, President of Exploration and Production, TotalEnergies; Chaher Boulakhras, CEO, Sonelgaz; Rahul Dhir, CEO, Tullow Oil; Simon Flowers, Chairman and Chief Analyst, Wood Mackenzie and Irene Waage Basili, CEO, Shearwater GeoServices.

The event has also received overwhelming support from leading organisations across the globe, including Eni, Chevron, Shell, Equinor, Perenco, ReconAfrica, Seplat Energy, Africa Oil Corp, PGS and Fugro. In line with the theme, the event will stimulate upstream transactions, drive investments into African energy projects, and facilitate new partnerships and networking opportunities for the African upstream.

Alongside a week full of networking functions, roundtables and in-person meetings, 2021 sees the inclusion of the revived "Africa Independents Forum" a platform designed to showcase the most exciting farm-out, JV and asset opportunities on the continent. Content briefings dedicated to energy financing will help delegates capitalise on business and project opportunities presented by the energy transition.

Foday Mansaray, Director-General, Petroleum Directorate, Sierra Leone, said, "We look forward to participating in the event and presenting opportunities that Sierra Leone has, and reuniting with key industry stakeholders from leading global organisations, governments and business partners from Africa and the UAE once again at this important event."

Africa Oil Week will spotlight the critical role innovation and technology play in Africa’s future energy landscape, explicitly examining how it can be utilised to safeguard and strengthen Africa’s upstream portfolios from future disruption. An expert panel including representatives from Maersk Drilling, Baker Hughes and Schlumberger will unpack this during a high-level conference session.

Africa Oil Week will also maximise its one-year placement in the UAE to create an investment channel between the two regions by bringing in the Middle Eastern financial community to the event to showcase the countless prospective energy opportunities Africa has to offer. Another interesting session will be dedicated to sharing best practices across the Middle East and African upstreams, with Alexandre Araman, Principal Analyst – Middle East Upstream Research, Wood Mackenzie and Eng. Abdul-Amir Ajmi, External Affairs and Value Creation Director, Petroleum Directorate Oman (PDO) scheduled to present.

The event will serve as an ideal platform for experts to work on an economic blueprint to harmonise energy development in Africa to help achieve a clean energy future for the continent and ensure the affordability of clean energy projects and funds available to facilitate the transition.

Julius Bio, Mohamed bin Zayed discuss trade relations

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Julius Maada Bio, President of Sierra Leone. Sheikh Mohamed welcomed President Bio, wishing him a pleasant stay in the UAE, and conveyed to him the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and his wishes of further progress and prosperity for the people of Sierra Leone.

Julius Bio, Mohamed bin zayed discuss trade relations

During the meeting, which took place at Al Bahr Palace, Sheikh Mohamed and Bio discussed relations and cooperation between the UAE and Sierra Leone, especially in the investment, economic, trade and development fields, and the importance of developing and diversifying them to serve the interests of their countries. The sides also exchanged views on a number of issues of mutual concern.

The meeting also highlighted Expo 2020 Dubai and the importance of leveraging the initiatives and experiences it offers in the fields of sustainability, opportunities and establishing partnerships between participating to serve the interests of their people and drive their sustainable development and growth.

Africa - UAE business opportunities in spotlight at GBF Africa

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, attended the 6th Global Business Forum (GBF) Africa 2021 in Dubai, a high-level business conference organized by Dubai Chamber in partnership with Expo 2020 Dubai.

Africa - UAE business opportunities in spotlight at GBF Africa

Accompanying His Highness at the event were Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council; Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee; Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum and other dignitaries and senior officials.

Sheikh Hamdan bin Mohammed said: "Against the backdrop of a rapidly evolving global environment, the UAE and Africa have a unique opportunity to usher in a new phase of growth in their economic relationship. The 6th Global Business Forum (GBF) provides the ideal platform for both sides to explore ways to tap fresh synergies and add new dimensions to their ties.

"The countries of the African continent represent some of the world's fastest growing markets, and as a leading global commercial and trading hub, Dubai is well placed to offer them the infrastructure, connectivity and expertise required to expand their worldwide reach. The UAE and Dubai seek to serve as a bridge between markets to enable countries across the world access new opportunities. We look forward to working closely with African nations to explore new avenues of cooperation and development that will contribute to accelerating the momentum of global recovery and growth," he said.

Held under the theme 'Transformation Through Trade', this year's Forum concluded on 14 October, 2021, at the Dubai Exhibition Centre at Expo 2020 Dubai. The event is joined by two presidents, 45 ministers and high-ranking government officials and prominent business leaders from Africa to discuss trade and business opportunities in a post-pandemic world.

Highlighting the global economic recovery and the road ahead for Africa, GBF Africa 2021 outlines a roadmap for the next stage of Dubai’s partnership with the continent and lays the foundations for a future where companies, businesses and investors can tap into the wealth of opportunities provided by the African market.

Welcoming the delegates at the opening of GBF Africa 2021, Hamad Buamim, President and CEO of Dubai Chamber, highlighted the resilience of commerce and trade between Africa and Dubai, despite the unprecedented challenges created by the pandemic.

"What Dubai has done exceptionally well is transform global challenges posed by the pandemic into opportunities for growth. The emirate has adopted a new plan to boost its foreign trade to AED2 trillion ($544.5 billion) as part its new five-year Dubai International Trade Roadmap, which will also establish new shipping and air routes to connect Dubai to more than 400 cities around the world. These new linkages will further improve the ease of doing business in Dubai and the wider region," he said.

"Judging by economic indicators, it is clear that our efforts in Africa are bearing fruit. Dubai’s non-oil trade with the continent amounted to $50 billion in 2020, reaching the highest level in a decade despite unprecedented challenges. Meanwhile, the number of African companies registered with Dubai Chamber has increased by over 15 percent since 2019 to reach 24,800 today, reflecting growing confidence in Dubai among African businesses and investors.

Félix Antoine Tshisekedi Tshilombo, President of the Democratic Republic of Congo (DRC) speaking at the Forum said that the Democratic Republic of Congo is open for business and offers great potential in terms of international trade and commerce, as well as resource-rich lands and a young population. He elaborated on government efforts to rebuild and modernize the African country, expand infrastructure, diversify the economy and boost its appeal to foreign investors.

"GBF Africa highlights the recovery of African economies in the COVID-19 era, as well as new structures and policies that promote economic integration on the continent. Congo can learn important lessons from the UAE in building new capacities and leveraging the power of public-private partnerships to drive sustainable economic growth," the President of Congo said.

Joining a session titled Partnerships for Prosperity, Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World and the Chairman of the Ports, Customs & Free Zone Corporation, highlighted the important roles of ports and free zones in facilitating economic growth. African countries can look to Dubai as a leading example of an economy that is reaping benefits from the significant investments it made over the years in building and expanding its logistics infrastructure and business parks, he noted.

"Africa has more growth and potential than any other market as it offers a lot of resources and people. DP World has long maintained a strong presence in Africa and adapted its ports and free zone model successfully in markets across the continent. Wherever we go, we need to build an investment park in order for the cargo business to really flourish," said Bin Sulayem.

GBF Africa 2021 is focusing conversations around the three pillars of Reset, Restore and Renew, which take a closer look at policy and regulatory reforms, models for innovative, sustainable trade and technology, the resilience of the continent, workforce challenges and the role of government in providing an enabling environment for business.

Zimbabwean Vice President outlines strategic plans at GBF Africa

The COVID-19 pandemic was supposed to be a challenge, instead, it presented an opportunity to Restart Zimbabwe’, asserted Dr. Constantino D.N.G. Chiwenga, Vice President of the Republic of Zimbabwe, in a session on the second day of the 6th Global Business Forum (GBF) Africa 2021 in Dubai. Zimbabwe’s efforts were not limited to the health sector, however, with the local industrial sector also witnessing renewed investment and growth.

Zimbabwean Vice President outlines strategic plans at GBF Africa

The Vice President went on to name agriculture as another sector that has witnessed growth. "Zimbabwe is endowed with natural resources, good climate, fertile soil, and is centrally positioned within southern Africa, which facilitates interconnection with all countries," he said.

"There is no crop you cannot grow in Zimbabwe. We have done our research and found that every crop out there can be grown in Zimbabwe," Chiwenga explained. "The only way you can guarantee the production and productivity of crops is irrigation; we have the Zambezi River flowing through the country – it is the fourth-longest river in Africa – and we have 10,700 dams, making us the most dammed country on the African continent."

"We started out looking to meet our strategic needs, but we will eventually be producing an excess of two million tons of grain. And we are working to revamp our horticulture sector, as well as to boost our livestock production," added.

The Vice President went on to underline that Zimbabwe is a country rich with 62 different minerals, including gold, platinum, nickel, lithium, coal, as well as an array of 17 rare metals. "This presents yet another area where great work can be done," Chiwenga noted.

ERC donates ambulances to support Ethiopian healthcare sector

The UAE, through the Emirates Red Crescent (ERC), has donated a number ambulances to support the healthcare sector in Ethiopia and enhance its related logistics capacities. The noble gesture also highlights the UAE’s determination to ensure the provision of essential services for the needy all over the world, most notably in the healthcare sector, he added.

ERC donates ambulances to support Ethiopian healthcare sector

Dr. Mohammed Ateeq Al Falahi, Secretary-General of the ERC, said this initiative is one of a myriad of humanitarian actions taken by the UAE to support the Ethiopian people and assist refugees in many provinces facing humanitarian challenges.

UAE Red Crescent Authority was established in 1983 and gained international recognition as a member of the International Federation of Red Crescent and Red Cross in 1986. His Highness Sheikh Hamdan Bin Zayed Al Nahyan took the position of the Chairman of the Board of the Red Crescent in 1986, and then took the position of the Chairman of the Authority in 1993, which gave impetus to the efforts of the human Authority.
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