{"id":188189,"date":"2022-09-10T11:14:36","date_gmt":"2022-09-10T15:14:36","guid":{"rendered":"https:\/\/africaglobalnews.com\/afreximbank-delegation-led-by-prof-benedict-oramah-will-attend-african-energy-week-2022-to-sign-deals-and-forge-partnerships\/"},"modified":"2024-10-09T02:05:28","modified_gmt":"2024-10-09T02:05:28","slug":"afreximbank-delegation-led-by-prof-benedict-oramah-will-attend-african-energy-week-2022-to-sign-deals-and-forge-partnerships","status":"publish","type":"post","link":"https:\/\/africaglobalnews.com\/website_b1ce9d46\/afreximbank-delegation-led-by-prof-benedict-oramah-will-attend-african-energy-week-2022-to-sign-deals-and-forge-partnerships\/","title":{"rendered":"Prof. Benedict Oramah will Attend African Energy Week 2022"},"content":{"rendered":"\n

Representing the official partner of AEW 2022, a strong delegation from Afreximbank led by the organization\u2019s Chairman and President, Prof. Benedict Oramah, will be coming to AEW 2022 to lead discussions, sign oil and gas deals, and reshape the narrative on Africa\u2019s energy future<\/strong><\/p>\n\n\n\n

In pursuit of consolidating Africa\u2019s own narrative around oil, gas and financing large-scale project developments, the African Export-Import Bank (Afreximbank) has confirmed that a strong delegation will attend the continent\u2019s premier energy event, African Energy Week (AEW) (www.AECWeek.com<\/a>) \u2013 taking place from October 18-21, 2022, in Cape Town \u2013 to sign deals and forge partnerships while driving Africa-centric dialogue around the future of African energy.<\/p>\n\n\n\n

\n\n

The Afreximbank represents a key partner for African projects, and we look forward to a range of deals being signed and new partnerships forge<\/p>\n\n<\/blockquote>\n\n\n\n

With financing African oil and gas projects representing a hot point of debate globally, the African Energy Chamber (AEC) remains resilient in its support for investing in African hydrocarbons, recognizing the role these resources will play in making energy poverty history by 2030. While international institutions are starting to abandon fossil fuels in the name of climate change, African-based organizations such as the Afreximbank have remained committed to African people and African energy. Through the organization’s partnership with the continent\u2019s premier event for the oil and gas industry, and the confirmation of a high-level delegation coming to AEW 2022 in Cape Town, the Afreximbank\u2019s support for Africa\u2019s energy future remains unwavering.<\/p>\n\n\n\n

As a pan-African financial services provider, the Afreximbank has been committed to funding projects across the entire energy sector and value chain, creating opportunities for partnerships and driving multi-sector growth in Africa. Deals including the $500 million investment to assist South Sudan\u2019s power transmission, infrastructure and agriculture sectors; the $250 million credit to Trans Niger Oil and Gas to help facilitate the acquisition of a 45% stake in the OML 17 onshore field; the $200 million loan facility agreement signed with the Egyptian General Petroleum Company to enhance power generation and distribution; and $400 million in loans and guarantees to support Mozambique\u2019s liquefied natural gas project demonstrate the institution\u2019s commitment to expanding Africa\u2019s energy sector.<\/p>\n\n\n\n

\u201cLack of international investment in Africa\u2019s energy sector is preventing any progress on making energy poverty history and our fight against climate change. Afreximbank has remained supportive, proactive and resilient, financing both small- and large-scale projects across the African energy sector. In 2022, where 600 million people are still without access to electricity and 900 million people without access to clean cooking, support from pan-African financial providers such as Afreximbank is of uttermost importance,\u201d states NJ Ayuk, Executive Chairman of the AEC, adding that, \u201cWe are excited to host such a high-level delegation from one of Africa\u2019s leading financial institutions. The Afreximbank represents a key partner for African projects, and we look forward to a range of deals being signed and new partnerships forge that will put the continent on the right track to make energy poverty history by 2030.\u201d<\/p>\n\n\n\n

Joining other high-level delegates in Cape Town, the Afreximbank delegation will be participating in panel discussions, investor forums and one-on-one meetings, laying the foundation for a robust energy future that is established through oil and gas. Led by Prof Oramah, the Afreximbank delegation will be coming to AEW 2022 to hold a real discussion on Africa\u2019s energy future, a discussion centered around Africa\u2019s needs, targets and commitments. <\/p>\n\n\n\n

Distributed by APO Group on behalf of African Energy Week (AEW).<\/em><\/p>\n\n\n\n

Africa Global News Publication <\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Representing the official partner of AEW 2022, a strong delegation from Afreximbank led by the organization\u2019s Chairman and President, Prof. Benedict Oramah, will be coming to AEW 2022 to lead discussions, sign oil and gas deals, and reshape the narrative on Africa\u2019s energy future In pursuit of consolidating Africa\u2019s own narrative around oil, gas and 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