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Sahara Group urges more intra-African collaboration at Libya Energy Summit

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Sahara Group at Libya Eenrgy Summit 2021

Foremost African energy conglomerate, Sahara Group has reiterated the need for more intra-African collaboration to accelerate the continent’s march towards access to sustainable energy solutions and ultimately, energy transition.

Executive Director, Wale Ajibade who led Sahara Group’s delegation to the Libya Energy and Economic Summit 2021 in Tripoli said collaboration geared towards promoting security on the continent remained critical to achieving sustainable development in Africa.

Ajibade said ensuing security of lives and property would enhance investment within the continent and also boost foreign direct investments needed to transform Africa’s expansive oil and gas sector.

“The importance of security and political stability in Africa cannot be overemphasized. We need to see more cooperation between governments, business, the civil society and other stakeholders in this regard to enable the continent rapidly grow its local capacity and global competitiveness,” he said.

He added: When we start talking about energy transition, yes, it is well appreciated and accepted, but without the right investments and enabling environment, it will be difficult for us to transition to renewable energies. When we talk about green energy and renewable energy, there is a cost. How are we going to achieve the energy transition if the economies of our countries are not better?”

Ajibade said Sahara Group would work with the government and good people of Libya to enhance access to energy in order to accurately economic growth and development.

“We are passionate at Sahara Group about bringing energy to life responsibly across the continent. We need energy to realise Africa’s potential and all stakeholders will have to work together to achieve this. This conference is a huge step in the right direction and we are delighted to be part of the unfolding transformation in Libya,” Ajibade stated.

The Libya Energy and Economic Summit which ends today is the first large-scale international event to take place in Libya in over a decade. Participants expressed optimism for huge prospects in Libya’s oil and gas sector amid growing fortunes that have seen the country emerge as a foremost oil producer in Africa.

The Libyan Government has since disclosed plans to increase oil production to 2.1 million bpd within the next four years; and increase gas production to 4.1 billion cf/d. Libya currently bas estimated oil and gas reserves of approximately 48 billion barrels and 1.5 trillion cubic meters, respectively.

This target offers African and global investors huge opportunities within Libya’s midstream and downstream sector.

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Why Emirates Airlines Suspended Its Operations In Nigeria

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Why Emirates Airlines Suspended Its Operations In Nigeria

Emirates Airlines, on Thursday, August 18, 2022, disclosed the suspension of all of its flights in Nigeria.

In a statement in which the airline made this announcement, Emirates said the flight suspension would take effect from Thursday, September 1.

It was gathered that at last count, Emirates had at least $85 million trapped in Nigeria in spite of its efforts to repatriate the funds.

The statement read: “Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria, and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution.

Regrettably, there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.

”We sincerely regret the inconvenience caused to our customers, however the circumstances are beyond our control at this stage.

We will be working to help impacted customers make alternative travel arrangements wherever possible.

Should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, we will of course re-evaluate our decision.

We remain keen to serve Nigeria, and our operations provide much-needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai and to our broader network of over 130 destinations.”

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GTCO Autism Conference Holds on August 29th and 30th at MUSON Centre, Onikan, Lagos

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GTCO

The 12th edition of the annual GTCO Autism Conference themed “Creating a Community of Awe-Tism Advocates” will hold on Monday and Tuesday, August 29th and 30th, 2022, at MUSON Center, Onikan, Lagos. 

The annual Autism Conference is a pivotal component of GTCO’s Orange Ribbon initiative and serves as a key advocacy platform for people living with autism and other developmental disorders. In recent years, the GTCO Autism Conference has gained wider acclaim for bringing together some of the world’s leading experts in Autism, especially with the successful coordination of a fully virtual autism conference in 2020 at the height of the Covid-19 pandemic. For this year, the GTCO Autism Conference will feature keynote addresses and panel discussions by experienced specialists from renowned institutions in Nigeria and abroad in a hybrid set-up to allow for both in-person and virtual participation. Some of the partnering organisations include Federal Neuropsychiatric Hospital, Enugu, Autism Compassion Africa, Ghana, The Color of Autism Foundation, USA, Meharry Medical College, USA, and Behaviorprise Consulting Inc., Canada.  

One-on-one consultations and Q&A sessions during the conference will provide opportunities for parents and other stakeholders to further engage on best practices for proper diagnosis and treatment of persons on the autism spectrum with the experts. As a special feature and to ensure more persons with developmental disorders can benefit from professional help, provision has been made to offer specialist care to autistic children in the areas of speech and behaviour therapy, child psychology and psychiatry, as well as occupational development for adults living with autism via in-person consultations at the Chapel of Light, Alausa, Ikeja, starting from Tuesday, August 23rd to Saturday, August 27th between the hours of 10am and 5pm. 

Commenting on the 2022 Autism Conference, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc said, “While much has been done over the years to increase the social consciousness around Autism and to improve the available support systems for managing developmental disorders, we strongly believe that we can do more individually and collectively to create and uphold a culture of inclusion towards people with ASD to enable them reach their full potential.” 

Mr Agbaje further stated; “The Orange Ribbon initiative was created to support children and adults with developmental disabilities with a focus on those with autism spectrum disorders. Now in its 2nd decade, the annual Autism Conference has over the years created a community of people with a shared commitment to create better outcomes for those who find themselves in the margins of society simply because they are different from the rest.” 

Guaranty Trust Holding Company Plc (GTCO) is a leading financial services company providing banking and non-banking services across eleven countries spanning West Africa, East Africa, and the United Kingdom. The Group operates a diversified, proudly African franchise and is renowned for its innovative approach to customer service and stakeholder engagement which has endeared the brand to millions of people across Africa and beyond.  

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Dangote Major Driver of Real Estate Development – Builders

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Dangote

The Nigerian Institute of Building (NIOB) and other stakeholders in the housing industry have described the Dangote Group as the main driver of real estate development in the country.

According to a statement from the Dangote Group, President of the Nigerian Institute of Building (NIOB), Prof. Yohana Izam, disclosed this at a recent African International Housing Show in Abuja. Coordinator of the AIHS, Barr. Festus Adebayo told newsmen that the housing deficit in the country can be mitigated through Public Private Partnership (PPP). Adebayo said he was optimistic that the partnership with the Dangote Group would yield a fruitful result. The Group Head, Sales and Marketing, Dangote Cement Plc, Mr. Rabiu Umar said Dangote was not resting on its oars, as it has already been investing hugely in the development of infrastructure through the tax credit scheme and its numerous social programmes.

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