African Reserves

Ndaba Mandela and Clarence Seedorf will host a BIF – thought-provoking roundtable during Africa Energy Week 2022

Black Impact Foundation

Africa has an estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves untapped human and natural resources

NJ Ayuk, Executive Chairman of African Energy Week (AEW), said: “I am proud of AC Milan and Real Madrid legend Clarence Seedorf and Ndaba Mandela will lead discussions that will make us think differently. We are bringing a different twist to the energy dialogues and God knows Africa and our energy sector needs it. I am thrilled that this roundtable at AEW 2022 will offer solutions to empower the expansion of the energy sector in Africa and eradicate energy poverty on the continent by 2030. We believe that for Africa to achieve its socio-economic development agenda, we need to drill more oil and gas wells and organizations. such as the Black Impact Foundation will be crucial in empowering Africans and driving long-term energy developments through capacity building,”

Under the theme “Exploring and investing in Africa’s energy future while creating an enabling environment”, the Black Impact Foundation panel at AEW 2022 will explore challenges and opportunities within the energy industry. of the continent and how Africa can accelerate its energy developments to meet its needs. local energy needs and fuel economic growth while contributing to global energy security, organizers note.

Africa’s vast, but largely untapped human and natural resources – including an estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves – present a huge opportunity for the continent to fuel the expansion economy, fight looming energy poverty and transition to a global economy. and social power. However, cooperation between African states, parastatals, the public sector, private companies and local communities is vital for the maximization of these resources as well as for the development of a competitive workforce at scale. world and next generation leaders. And according to the ACS, the ACS, as the voice of the African energy sector, is committed to partnering with African organizations, platforms and communities to foster the growth of the continent’s economy at large through the optimal use of national resources. In this regard, the AEC is proud to announce that the philanthropic institution, the Black Impact Foundation, will host a panel discussion on October 20 at the Africa Energy Week (AEW) Conference and Exhibition – the first African event for the oil and gas sector which runs from 18 to 21 October this year in Cape Town.

Chaired by Clarence Seedorf, Dutch football legend and chairman of the Black Impact Foundation, and Ndaba Mandela, chairman and co-founder of the non-profit organization Africa Rising Foundation and grandson of Tata Madiba Nelson Mandela, the round table of the ‘AEW 2022 will feature leaders from private and public sector institutions to discuss the importance of African entrepreneurship, education, financial solutions and empowering women and youth to accelerate development and harnessing the continent’s energy resources to drive socio-economic growth. Moreover, with over 600 million people in Africa living in energy poverty and over 900 million without access to a clean cooking solution, as well as chronic energy shortages and high prices impacting industrialization , institutions such as the Black Impact Foundation and the Africa Rising Foundation will be crucial. to unite African energy policymakers, businesses and investors with global partners to enhance the sustainable development and exploitation of energy resources for energy security, affordability, job creation, poverty reduction and gross domestic product growth.

And representing Africa’s largest gathering for energy players and regulators, AEW 2022 serves as the perfect platform to host the Black Impact Foundation’s Roundtable to discuss best practices to address the challenges criticisms of the continent’s energy industry, such as inadequate investment and lack of infrastructure, skilled labor. and technology, as well as the impacts induced by global policies related to the energy transition, AEW added.

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