JOHANNESBURG, SOUTH AFRICA – EQS Newswire – 5 August 2020 – The
African Energy Chamber is delighted to announce the nomination of
its Investment Advisory Committee, the last body to serve on its
Advisory Board for 2020 and 2021. Its members include:
René Awambeng
, Global Head, Client Relations, Afreximbank
Rolake Akinkugbe-Filani
, Managing Director, EnergyInc Advisors and Senior Africa Advisor,
IFU Danish Investment Fund
Abongwa Ndumu
, Former Oil Executive and Energy Consultant
Robert Erlich
, Partner and Executive Director – Upstream, Cayo Energy LP
Folarin Lajumoke
, Vice President – Africa, ION
Nosizwe Nokwe-Macamo
, Executive Chairman & Founder, Raise Africa Investments
Rachelle Yayi
, CEO, Afara Solutions
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Members of the Investment Committee serve in their personal
capacity and gather a wide range of expertise in finance, legal and
consulting. Together, they will play a key role in supporting the
African Energy Chamber’s investment outreach initiatives.
With billions of dollars required every year to upgrade its energy
infrastructure and fight energy poverty, the continent needs to
successfully mobilize a wide variety of capital and financing. In
doing so, African energy markets should be engaging with a broader
range of capital providers, from traditional lenders to global
institutional investors and private equity firms to venture
capitalists. The energy resurgence of the continent following the
Covid-19 will require all stakeholders to come together and find
new ways to structuring deals and raising capital for the benefits
of local economies and jobs creation.
“Our Investment Committee is central to the African Energy
Chamber’s objective of providing a bridge between investors and the
continent’s energy industry. Africa has limitless investment
opportunities across energy sources and across value-chains, and
there is a pressing need to communicate better with financiers and
investors to increase investments in the continent,” stated NJ
Ayuk, Executive Chairman at the African Energy Chamber. “The
African Energy Chamber has made it its mission to boost capital and
technology inflow on the continent, from engaging with new capital
providers interested in Africa to advising on the structuring of
better and future deals,” he concluded.
Landmark gas projects across Africa have managed to attract
regional and global capital in recent months and years. From
Senegal to Mozambique and Equatorial Guinea, Africa has
demonstrated its ability to attract funding. However, investment is
still falling short of market needs. While Nigeria’s ongoing
Marginal Fields Bidding Round stands to be a success, access to
financing the development of such fields will remain a key
challenge for the operators. African Energy companies in Nigeria,
Cameroon, Gabon, Ghana, Mozambique and South Sudan, Uganda and
South Africa continue to see capital as their biggest obstacle when
it comes to developing African natural resources or even competing
for service contracts.
