Business
EU-Africa Business Forum: Working together towards sustainable growth and employment
BRUSSELS – To promote sustainable and inclusive growth in both Africa and the EU, European Commission Vice-President, Antonio Tajani, and Commissioner for Development, Andris Piebalgs, will today take part in the 5th EU-Africa Business Forum in Brussels.
The event brings together more than 500 high-level representatives from European and African business, politics and public institutions for two days (31 March/1 April) of discussions.
Debates will focus on common challenges such as the stake of young people in today’s economies, the role of banks for inclusive growth and financing issues for Small and Medium Enterprises (SMEs) and on specific issues such as raw material, risk capital, sustainable energy or space cooperation. Prior to the forum, Commissioner Piebalgs also announced two new EU programmes to support the private sector in West Africa and Madagascar.
Vice-President Tajani, Commissioner responsible for Industry and Entrepreneurship, said ahead of the event: “Africa is on the move. The accelerating industrial development of Africa is a reality. The developing regions and countries that are sharing the benefits of globalisation are the rapidly industrialising ones. The European Union and Africa have genuine interest in increasing bilateral trade, investment and market integration in mutually beneficial relations to boost strong sustainable and inclusive growth and create jobs”.
Commissioner Piebalgs commented: “Africa has become one of the fastest growing regions in the world over the last decade, but we must accelerate the creation of decent and productive jobs to ensure that the benefits of this growth are being shared more evenly. The private sector has a key role to play in this and the Commission will soon present a policy paper on how to modernise EU support for developing the private sector in developing countries and how to strengthen its role in achieving inclusive and sustainable growth there where it’s most needed.”
A new EU-funded project recently launched in Madagascar will enable the private sector to better support inclusive growth and be more competitive on the national, regional and international markets. With €8 million of EU funding, activities will include support and training for business associations (e.g. chambers of commerce) so they have the knowledge to increase competitiveness among their members and to help them represent economic interests in public-private dialogues and negotiations. Specific support will be given to Micro, Small and Medium Enterprises in the form of training in marketing/management techniques, help with accessing finance and preparing business plans. They will also receive help in improving product quality and finding market opportunities.
A second EU programme aims to make businesses in West Africa more competitive and help to improve the business and investment climate in the Economic Community of West African States (ECOWAS). Among other things, it will help the region and its countries to adopt policies that can attract investments (EU funding: 20 million).
In the centre of discussions Vice-President Tajani will have during the summit will be sustainable access to raw materials as well as access to high quality and affordable medicines. He will discuss with his counterparts cooperation projects in the fields of space technologies which can play a positive role in the developing world to favour sustainable development, such as food security, health and education. Furthermore, Vice-President Tajani will encourage enterprises in African countries to seize new business opportunities under the COPERNICUS programme allowing the access to its satellite data.
Tajani will highlight the benefits of use of satellite navigation in Africa under the Commission’s EGNOS programme which will help to optimise transport with the use of satellite guidance as well as bring an enormous increase in the safety of the African skies, guiding planes safely to airports along regional and international routes. Benefits associated to this safety increase in Africa are estimated at more than €1,100 million!
The 5th EU-Africa Business Forum takes place on the eve of the EU-Africa Summit. It will be jointly opened by European Commission President, José Manuel Barroso, and African Union Commission Chairperson, Nkosazana Dlamini-Zuma. On 1 April, Trade Commissioner Karel De Gucht will participate and the President of the European Council, Herman Van Rompuy, will give concluding remarks.
The 4th EU-Africa Summit will take place in Brussels on 2-3 April 2014. It will bring together African and EU leaders, as well as the leaders of EU and African Union institutions. Under the theme “Investing in People, Prosperity and Peace”, participants will discuss topics including peace, security, investment, climate change and migration. Previous summits took place in Cairo (2000), Lisbon (2007) and Tripoli (2010).
EU-Africa relations are largely based on the Joint Africa-EU Strategy, adopted in 2007. Alongside this strategy, a 2011-2013 action plan, agreed at the last EU-Africa summit in 2010, sets out concrete targets within specific areas of cooperation, such as peace and security, democratic governance and human rights.
The 2014 summit will be an opportunity to take a fresh look at the EU-Africa partnership, to highlight some of the results that have been achieved, and to explore areas for future cooperation.
Business
Adoption of AI Feature as NIPetGE Pays Courtesy Call at NNPC Ltd
Enhanced adoption of artificial intelligence and other digital technologies to improve operations in Nigeria’s oil and gas industry is taking the centre stage in relevant circles.
The issue came up strongly when the President-elect of the Nigerian Institute of Petroleum and Gas Engineers NIPetGE, Prisca Kanebi, paid a courtesy call at the Nigerian National Petroleum Company Limited (NNPC Ltd), Abuja.
Biztellers reports that the Kanebi led delegation was received by the Group Chief Executive Officer of the NNPC Ltd, Bayo Ojulari, represented by the Executive Vice President, Gas, Power and New Energy, Olalekan Ogunleye.
According to a statement made available on Sunday, discussions at the meeting focused on the future of Nigeria’s hydrocarbon industry amid global energy transition concerns, technological changes and sustainability targets.
ALSO READ: NNPC Ltd, IOCs Raise Crude Supply to Local Refineries by 103% in 4 Months
The statement indicated that the NNPC Ltd acknowledged the role of NIPetGE in policy advocacy, technical development and innovation within the sector.
Speaking during the meeting, Kanebi highlighted recommendations from the institute’s recent conference, including the proposed establishment of a national centre for intelligent energy systems to support the deployment of artificial intelligence, the Internet of Things and robotics across the petroleum value chain.
She also commended the Federal Government’s decarbonisation efforts and reiterated the institute’s support for policies aimed at improving sustainability in the industry.
The institute also recommended the creation of a hydrocarbon-linked emissions trading system to allow Nigeria to take part in global carbon markets.
The institute also proposed fiscal incentives to support local manufacturing and service delivery in the oil and gas sector, as well as the expansion of the Energy Transition Plan to include measurable upstream decarbonisation targets backed by tax credits.
Other proposals included increased public-private partnerships in emission control infrastructure, carbon capture projects and hybrid renewable energy initiatives.
Both organisations also stressed the need for stronger collaboration between industry and academic institutions to improve professional capacity and align petroleum engineering practice in Nigeria with international standards.
The institute further disclosed that its bill seeking chartered status had passed second reading and was progressing towards a third hearing at the National Assembly.
It added that NNPC Ltd pledged support for future collaborations with the institute on initiatives aimed at improving efficiency and innovation in the energy sector.
Business
FHC Orders NUPRC to Comply with PIA
Business
Local Firms Lead Revival of Idle Oil Wells – SPE
Nigeria’s indigenous oil and gas companies are reopening dormant wells and ramping up production from assets acquired from international oil companies (IOCs) to boost crude oil output.
The Society of Petroleum Engineers (SPE), Nigeria Council, made the assertion through its Chairman, Francis Nwaochie, on the sideline of the Offshore Technology Conference (OTC) which ended at the weekend in Houston, Texas.
Nwaochie said indigenous operators were already taking advantage of opportunities created by disruptions in the global energy market to increase production from existing assets.
According to him, local firms that recently acquired onshore and shallow water assets from IOCs were aggressively reviving inactive wells and maximizing available infrastructure to raise output levels.
“What we are seeing now is that indigenous companies are reopening wells from the assets they acquired from the IOCs. Some of them have almost doubled production from those existing assets,”.
He explained that the renewed focus on dormant wells and existing facilities had become critical at a time the global oil market was facing supply shortages triggered by geopolitical tensions in the Middle East.
The SPE Nigeria Council Chairman noted that Africa, particularly Nigeria, was well positioned to benefit from the supply gap because of the continent’s relative stability compared to some other oil-producing regions.
“There is a huge opportunity for Africa right now. The focus is gradually shifting to Africa because of the volatile environment in many other producing regions.”
He stated that indigenous operators were leveraging digital technologies, financing opportunities and local expertise to improve production efficiency and optimise existing fields.
He added that stronger implementation of local content policies was also helping to create a more stable operating environment for oil and gas investments.
“Local content is very critical. Once communities and local companies clearly understand their roles and benefits, then you create peace across the industry. Business only thrives in peaceful environments.”
ALSO READ: Nigerian Navy Recovers Large Cache of Illegal Refined Petroleum Products
Nwaochie also stressed the need for Nigeria to move beyond crude oil production and begin developing indigenous technologies for the energy industry.
According to him, SPE Nigeria Council was actively supporting innovation and technology development among young Nigerian engineers and researchers.
He disclosed that the association was engaging the National Universities Commission(NUC) on reforms to engineering curricula in universities to better prepare graduates for the future of the energy industry.
“One of our major focuses in SPE is technology development. We should not only import machines and equipment, we must begin to develop our own technologies locally.”
Nwaochie revealed that SPE was already supporting local innovators working on technologies such as remotely operated underwater vehicles (ROVs), noting that indigenous technology development will strengthen Nigeria’s economy and deepen local participation in the oil and gas sector.
“We may not get everything right immediately but we must start somewhere. That is how countries that dominate the global energy industry built their capacities.”





