Activities for the week at the Nigerian National Petroleum Company Limited (NNPC Ltd), started with a cheering news that President Muhammadu Buhari will unveil the new NNPC on July 18.
This was disclosed within the week by the Group Managing Executive Officer of NNPC, Malam Mele Kyari, at the opening ceremony of the 8th African Petroleum Congress and Exhibition (CAPE VIII) which held in Luanda, Angola.
Kyari said the unveiling was in furtherance of the implementation of Section 53(1) of the Petroleum Industry Act which provides for the establishment of a new corporate entity known as NNPC Ltd.
Delivering a goodwill message at the conference, the GMD highlighted the revolution currently taking place in the Nigerian oil and gas industry through the implementation of the PIA.
He called on the industry leaders and other participants at the conference to join him and the NNPC family for the unveiling of the new NNPC.
He said the CAPE VIII was coming at a time when the world stood between the challenge of energy security and the necessity for energy transition in the context of energy justice.
Kyari stressed that there was need for all stakeholders to find amicable solutions to the challenges facing the sector.
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organization (APPO), which have had a long-standing mutually beneficial relationship, have signed an agreement for the joint establishment of an African Energy Bank (www.EnergyChamber. org) at the 8th African Petroleum Congress and Exhibition (CAPE VIII) in Luanda, Angola.
All parties involved in the signing: René Awambeng, Director and Global Head of Client Relations at Afreximbank, and Dr. Omar Farouk, Secretary General of APPO, in the presence of HE João Manuel Gonҫalves Lourenҫo, President of the Republic of Angola , and the APPO Ministers: are concerned about the challenges facing Africa's oil and gas industry and the economic development of the continent, and all parties recognize the impact of climate change on the continent and the need for a transition fair in line with the United Nations Sustainable Development Goals and the African Union Agenda 2063.
“As we address the energy transition challenges facing the world and Africa, we must take into account the fact that Africa still needs to rely on its natural resources, including oil and gas, for its future development. Through this new venture, Afreximbank and APPO are working to achieve this vision,” said Rene Awambeng, Afreximbank's Director and Global Head of Client Relations at the signing ceremony.
Under the agreement, the two institutions have decided to work together to find an Africa-led solution to combat the threat posed to the African oil and gas industry, caused by the coordinated withdrawal of international trade and project financing, and they are committed to taking the necessary steps to find a solution to this challenge.
“The new bank will address the vacuum created by the withdrawal of international banks from financing oil and gas projects in Africa,” Awambeng said, adding that “it will be an Africa-led solution to address the threat posed to the African oil and gas industry due to lack of funds. This will be a balanced solution with the aim of preserving both the environment and livelihoods.”
Backed by significant oil and gas resources, market-driven regulation, and a push for an Africa-focused energy transition, Angola continues to make significant progress in improving energy access and security in Africa. Led by the Ministry of Mineral Resources and Petroleum, the national oil company (NOC), Sonangol, and the national regulator, the National Agency for Oil, Gas and Biofuels (ANPG), the country is driving investment and development in multiple facets of the energy sector. In 2022, and through upstream developments, a push for natural gas and large-scale energy events, Angola will enter a new era of success in hydrocarbons, serving as a model for other resource-rich countries in Africa.
Although Angola enjoys the position as the third largest oil producer in Africa, producing an average of 1.2 million barrels per day (bpd) in 2021, the country is determined to increase production by expanding exploration . In particular, the Ministry of Mineral Resources and Petroleum, led by SE Diamantino Pedro Azevedo, aims to harness the experience of both Sonangol and ANPG to grow the sector. This has been done in two predominant ways. First, following Sonangol's restructuring in 2018, NOC handed over its concessionary role to ANPG, allowing the company to reshape its focus on its capacity as an upstream operator. In 2022, this has seen Sonangol expand its portfolio and put a number of high-profile assets up for sale. In the last week alone, Sonangol announced the sale of two assets to new entrant Afentra and three blocks to Sirius and Somoil, generating much-needed revenue and allowing the NOC to focus on its role as operator.
Second, through the introduction of licensing rounds, Angola has improved the competitiveness of its upstream sector while presenting a strong case for investment. In that sense, in 2019, the ANPG launched a six-year licensing round, which generated 45 proposals with a total investment of $1 billion from fifteen companies in the 2020 licensing round. More recently, in February 2022, ANPG launched the third round of bidding in which the world oil majors, including Eni, TotalEnergies and Equinor, submitted proposals. The introduction of these rounds, along with tax reforms including halving tax royalties and income tax for marginal discoveries, have seen an increase in international penetration in Angola, and HE Minister Azevedo has been instrumental. in this way.
Meanwhile, both HE Minister Azevedo and Sonangol have placed natural gas at the center of the country's development agenda. Representing the fuel of the future in Africa, the development of Angola's gas reserves could accelerate large-scale electrification, industrialization and income generation, and thus Angola is focused on increasing investment in this high-risk sector. potential. Efforts in this area have already been successful, with Chevron announcing a final investment decision in January 2021 for the 480 million cubic foot pipeline that will transport gas from the Sanha Lean Gas project in Cabinda to the Luanda processing facility. In addition, with world supply interrupted by the current conflict between Russia and Ukraine, Angola has positioned itself as the preferred supplier to European markets. In April 2022, Angola signed an agreement with Italy to boost gas exports as the country seeks to reduce its dependence on Russian energy, thus ensuring that Angola emerges as one of the world's leading exporters.
With significant developments underway in Angola's oil and natural gas sectors, the country is more ambitious than ever to ensure that adequate investment is directed into these activities. In this sense, the ministry has made a strong commitment to investment in energy events in Africa, and continues to do so, and the country will host the 8th African Petroleum Congress and Exhibition (CAPE VIII) from May 16 to 19, 2022. Organized by the African Organization of Petroleum Producers, the Government of Angola and AMETrade, CAPE VIII will take place under the theme "Energy transition and the future of the oil and gas industry in Africa: opportunities, challenges and development".
“As the voice of the African energy sector, the ACS is proud to support the upcoming CAPE VIII and offers our full support both before and during the event. The ACS supports the event and Angola and believes that CAPE VIII will play a critical role in driving investment and development in African energy while providing a platform for real and honest discussion on energy transition issues. During CAPE VIII, the Chamber will attend and lead a strong private sector delegation to Angola, where we will promote local partnerships and local content while urging governments to fast-track deals, specifically gas-related deals,” says NJ Ayuk, Executive. President of the ACE.
Angola is also set to play a leading role in the main energy event on the continent, the African Energy Week 2022, which will take place from October 18 to 21 in Cape Town. During the event, HE Minister Azevedo will deliver a keynote address, promoting Angola's upstream developments, the country's drive for natural gas, and future investment opportunities.
It was also noted that the chairman of the AU Commission, Mr. Mahamat, defended Israel's observer accreditation, noting that 44 member states have diplomatic ties with Israel.CAPE TOWN, South Africa, February 8, 2022/APO Group/ --
The president of the Portfolio Committee on International Relations and Cooperation, Mr. Supra Mahumapelo, has followed with great interest the developments of the Assembly of Heads of State and Government of the African Union (AU) during the weekend, when he began its 35th regular session.
The Assembly was held in person, after the 2021 event had to be held virtually due to the Covid-19 pandemic. Mr. Mahumapelo also noted that Covid-19 and security were high on the agenda of the assembly, as was the controversial issue of Israel's observer status in the AU, granted by the Chairman of the Commission of the AU, Mr. Faki Mahamat.
“I watched all the African leaders in the assembly condemning the recent wave of coups and unconstitutional changes of government on the continent and was heartened by the unprecedented number of member states that have been suspended from the AU as they had no immediate guarantees. for a transition. to the civil government,” commented Mahumapelo.
Guinea, Mali, Sudan and Burkina Faso are currently suspended. However, the AU itself has been accused of inconsistencies, failing to suspend Chad after a military council took over in April 2021.
The President applauded the Department of International Relations and Cooperation and South Africa for leading the campaign with Algeria to include the issue of Israel's observer status in the AU on the summit's agenda.
"We have noted with relief that the summit has agreed to suspend a debate on the AU president's controversial decision to grant observer status to Israel, delaying a potentially divisive vote," said Mr Mahumapelo. South Africa and Algeria argued that the decision went against the AU's declarations of support for the Palestinian territories. It was also noted that the AU has launched a committee of six member states to examine this issue and report back to the AU. South Africa is one of the six.
It was also noted that the chairman of the AU Commission, Mr. Mahamat, defended Israel's observer accreditation, noting that 44 member states have diplomatic ties with Israel. To further the committee's oversight interest, the committee will request the Minister for International Relations and Cooperation, Dr. Naledi Pandor, to inform the committee how he intends to address some of the statements on South Africa contained in Mr. Mahamat's statement on the subject.
The Department must collaborate with traditional authorities when conducting land investigation and must respect the role of traditional leadership.CAPE TOWN, South Africa, February 7, 2022/APO Group/ --
The Portfolio Committee on Agriculture, Land Reform and Rural Development concluded its supervision visit to Gwatyu with a session with the Provincial and National Departments of Agriculture, Land Reform and Rural Development (ALRRD) and the Department of Cooperative Governance and Traditional Affairs. After hearing the perspectives of all stakeholders during the week, the committee felt that the various departments involved needed an opportunity to respond to the issues that arose from the meetings held with the king and other traditional authorities and at the public hearing.
The committee informed the ALRRD Department that a multifaceted approach was required to solve the problems in Gwatyu. You must consider existing laws and regulatory frameworks and work quickly to resolve the impasse. This must be done to avoid a court case against you. After meeting with the group of beneficiaries who have formed an association, the committee informed the department that they need to meet with these beneficiaries to reach an amicable solution. These beneficiaries also have usufruct rights to the land.
The committee further advised the department to obtain the Certificate of Chiefship for the Gwatyu area and check the records to determine the allocation of land to the amaTshatshu Traditional Authority and other beneficiaries. The department must also verify if title to the area has been granted to any of the beneficiaries. The department must familiarize itself with Judge Heath's report and determine if there are any resolutions that should be considered.
The committee encouraged the department to pursue job creation in the area. The Department of Agriculture, Agrarian Reform and Rural Development needs to mobilize other departments to provide services such as water, electricity and closed roads for the benefit of the communities living in Gwatyu. Programs such as Narysec and the National Youth Development Agency will enable young people to gain skills and become employable.
The president, Inkosi Zwelivelile Mandela, warned the Department that they operate in the space of traditional authorities. Although the farms are owned by the department, the land is on Amashatshu land. The Department must collaborate with traditional authorities when conducting land investigation and must respect the role of traditional leadership.
The committee also informed the department that they must analyze the reasons why those who had leased farms have stopped paying since 1998. Did they stop paying because the department is seeking to evict them or is the department going to release the land to them, the president said. . order.
The department must keep the committee informed of the progress of its interventions and land investigation on a regular basis.
The committee noted that the African Renaissance Fund has continued to be an important instrument in the pursuit of South Africa's foreign policy, in particular the African Agenda.CAPE TOWN, South Africa, February 4, 2022/APO Group/ --
The International Relations and Cooperation Portfolio Committee received the performance reports for quarters 1 and 2 for fiscal year 2021/22 from the Department of International Relations and Cooperation. The committee urged the department to ensure that in the future it reports more on the achievement of goals and results rather than events.
The Covid-19 pandemic has affected diplomatic operations around the world. It has been noted that the multilateral collaboration that was evident at the start of the Covid-19 pandemic has slowly been replaced by a narrow national interest and protectionism of vaccine availability in the midst of a global pandemic.
Engagements made during the reporting period focused on promoting South Africa's national interests and areas of mutual interest, the Covid-19 pandemic, as well as exchanging views on a broad spectrum of bilateral and international issues of concern. global.
'It is important that the economic diplomacy and image building activities undertaken by South African missions abroad are aimed at promoting, among others, the economic interests of the country, exploring investment opportunities, promoting tourism, skills development and cultural exchanges, to address the mistakes of the past”, said the Chairman of the Committee, Mr. Supra Mahumapelo.
The committee urged the department to stay on top of its game when it comes to hot spots, especially in the Southern African Development Community region. The political conflicts in Lesotho, Eswatini and the insurgency in the Cabo Delgado province of Mozambique needed to be addressed in order to achieve a peaceful and lasting resolution of these conflicts.
The committee noted that the African Renaissance Fund has continued to be an important instrument in the pursuit of South Africa's foreign policy, in particular the African Agenda. In this spirit, South Africa will fund the procurement of 2,030,400 doses of Johnson and Johnson vaccines for 26 African countries. The committee has taken note of this important contribution of South Africa to the fight against covid19 on the continent.
The committee heard that the Cuban government has also requested assistance from South Africa to address shortages of food and medical supplies. "We support this gesture, since it is aggravated by the unilateral economic sanctions of the United States against Cuba," Mahumapelo said.
He said that the African Union summit will be held next weekend. “In keeping with his theme for this year, we hope that the AU will take bold action to address the already dire situation of food insecurity and malnutrition on the continent, before it gets worse,” added Mr. Mahumapelo.
“I am concerned about the increase in unconstitutional changes of government (coup d'état) and the threat of terrorism in our continent. Finding paths towards peaceful solutions will be a crucial test for the African Union as it celebrates its 20th anniversary this year,” he continued.
Mr. Mahumapelo viewed the decision he referred to as controversial by AU Commission Chairman Moussa Faki Mahamat to grant observer status to Israel, as incomprehensible that the AU would recognize and grant observer status to the state of Israel. He expressed his hope that South Africa will ensure that the AU handles this matter with the sensitivity it deserves.
The election of a female leader in this important traditional organization will bring a different set of skills and perspectives that are necessary in our current society.CAPE TOWN, South Africa, January 27, 2022/APO Group/ --
The Portfolio Committee on Cooperative Governance and Traditional Affairs (COGTA) congratulates Nkosikazi Nomandla Mhlawuli on her historic election as President of the National House of Traditional Leaders (NHTL) and Khoi-San Leaders on Tuesday, January 25, 2022.
The unopposed election of Nkosikazi Mhlawuli as the first female traditional leader to this position signals NHTL's commitment to democratic South Africa's promise to empower the country's women. This recognition by the NHTL is a testament to her abilities as a leader that she is up to the task.
The NHTL has always been perceived as patriarchal and not open to transformation, particularly in terms of gender. The committee congratulates you on this great milestone in what has traditionally been the domain of male primogeniture and a bastion of patriarchy in South Africa. The election of a female leader in this important traditional organization will bring a different set of skills and perspectives that are necessary in our current society.
A series of social problems affect communities, especially in rural areas, which require the intervention of traditional leaders. The committee hopes that Nkosikazi Mhlawuli's election will lead to innovations in finding solutions to these problems. The committee wishes Nkosikazi Mhlawuli success in his role.
The community should be aware that an illegally purchased home would not be beneficial in the long run, as the buyer will not receive title to an illegally purchased home.CAPE TOWN, South Africa, January 27, 2022/APO Group/ --
The Portfolio Committee on Human Settlements has asked the Department of Human Settlements to work with law enforcement agencies to arrest and prosecute criminals selling RDP houses. The committee continues its week-long monitoring visit to Gauteng to assess the implementation of the targets and was briefed on the persistent problem of third parties selling RDP houses to the poor.
“We cannot continue to turn a blind eye to this perennial problem of lawlessness, where criminal elements exploit the desperation caused by the yearning for security of tenure among South Africans. These people are extorting money from the poor who are forced to approach loan sharks for money to access housing. These criminals must be prosecuted through collaboration between the South African Police Service (SAPS), the department and the wider communities,” said Ms. Machwene Semenya, chair of the committee.
The committee heard that people continue to sell RDP houses in the Savanna City Mega Project in the Midvaal Local Municipality. The committee asked the community to actively participate in the fight against this illegality by sharing information with the police and the Department of Human Settlements. “The community needs to be aware that an illegally purchased home would not be beneficial in the long run, as the buyer will not receive title to an illegally purchased home. Buying these houses will lead to financial losses,” Ms. Semenya emphasized.
Consequently, the committee requested the municipality and the department, together with the SAPS, to implement measures aimed at arresting the perpetrator(s) and periodically report to the committee on the progress and plans to stop this illegality.
In the meantime, the committee has called for strategies to eliminate the risk exposure of title holders. While the committee is aware that the Housing Act prohibits the sale of an RDP home within eight years of occupancy, it is also aware that many families are forced, primarily due to economic hardship, to sell their homes. or offer them as collateral for loans. before the expiration of the legal deadlines. This threatens the security of tenure for many. “There is an urgent need to find solutions to the challenge of selling RDP houses, because it perpetuates the inability of many to own their own houses,” stressed Ms. Semenya.
Despite these challenges, the committee appreciates the quality workmanship in developing these properties, especially for the poor. “The projects we have seen so far are of good quality and set the standard for what should be followed throughout the country. We want quality houses and not poor houses that we have become accustomed to. To ensure this, effective monitoring must be done from the development of the foundation to its completion,” said Ms. Semenya.
In the meantime, the committee remains concerned about challenges in the beneficiary lists in Gauteng. Many people who applied and qualified between 1996 and 1998 have not received their homes. The committee reiterated its call for transparency regarding the list of beneficiaries. In addition, the committee has called for the exclusion of politicians at the local level on issues of beneficiary lists. Finally, oversight of officials involved in administering beneficiary lists must be improved to ensure that any corrupt activity is promptly addressed.
We are delighted to add South Africa to the Homes & Villas by Marriott International collection and bring our deep understanding of exceptional hospitality to the table.CAPE TOWN, South Africa, January 26, 2022/APO Group/ --
Homes & Villas by Marriott International (Marriott.com), Marriott International's curated and growing collection of premium and luxury entire home rentals, today announces that nearly 300 unique Cape Town, Johannesburg homes have been added to the platform. and Durban, marking the debut of the collection. In South Africa. Launched in May 2019, Homes & Villas by Marriott International features more than 50,000 premium and luxury entire home rentals located in more than 500 top destinations worldwide.
The launch gives travelers in the South African market more choice, with entire home rentals offering space, privacy and independence, especially for family trips. The collection of home rental properties will complement Marriott International's existing portfolio of hotels in the country, which includes brands such as Protea Hotels, Marriott Hotels, Westin, AC Hotels, Autograph Collection, Sheraton Hotels and Marriott Executive Apartments.
Building on Marriott International's decades of providing an exceptional hospitality experience, each home listed in Homes & Villas by Marriott International is professionally managed and meets the company's standards for design, cleanliness, safety and amenities. Homes & Villas by Marriott International is also the only home rental offering to participate in the award-winning travel program, Marriott Bonvoy, which allows members to earn and redeem points for stays at home rentals and more than 7,000 hotels and resorts in everyone. Each stay also includes 24/7 support, professional cleaning, high-speed Wi-Fi, a fully-equipped kitchen, premium linens, towels, and toiletries, laundry, and kid-friendly items. order.
Chris Stephenson, Vice President, International Markets, Homes & Villas, Marriott International, said, “With quality homes in prime locations, located in world-famous destinations like Cape Town, we are delighted to add South Africa to the list of Homes & Villas. by Marriott International Collection and bring our deep understanding of exceptional hospitality and world-class standards to the country's premium rental market. In addition to amazing contemporary African-chic apartments, tranquil villas with stunning mountain views, and vibrant homes with charming interiors overlooking the ocean, the collection includes some beautiful city homes and apartments, giving travelers more options when explore this amazing country.”
Examples of some of the Homes & Villas by Marriott International properties for summer bookings include:A tranquil, modern three-bedroom villa with mountain views in the serene neighborhood of Bishopscourt, Cape Town (https://bit.ly/3IHgHd9) The Emerald, a modern luxury two-bedroom apartment with a private balcony. Guests can enjoy lunch at the hotel's restaurant overlooking the green suburb of Hyde Park, Johannesburg. (https://bit.ly/3rUEiAo) A contemporary African beach style four-bedroom home with a pool overlooking stunning Clifton Beach. (https://bit.ly/3fW1qZV)
As in all of its other markets, Homes & Villas by Marriott International works exclusively in South Africa with trusted property management professionals who not only provide 24/7 guest assistance, but also ensure that the portfolio of homes meets the standards of products and services of Marriott International in terms of design, cleanliness, safety, reliability and high-end amenities.
Travelers can search for and reserve homes on the Homes & Villas by Marriott International site: www.HomesandVillasbyMarriott.com
The committee is committed to ensuring equality between various DHET programmes, in light of the importance of upskilling South Africans.CAPE TOWN, South Africa, January 25, 2022/APO Group/ --
The Higher Education, Science and Technology Portfolio Committee kicked off a week of monitoring visits to the Northern Cape province.
Some time ago the committee decided to make a monitoring visit to the province to hold the departments of Higher Education and Training, and Science and Innovation accountable. The committee adopted this multifaceted approach to the week to enable oversight of higher education and training institutions, as well as those in the science and innovation portfolio.
The committee is committed to monitoring progress at the start of academic years and as such had a follow-up meeting on January 24, 2022 with the Department of Higher Education and Training (DHET) as well as the National Plan for Student Financial Aid to check for an update. of the state of preparation of the sector for the academic year 2022.
Sol Plaatje University Council, management, student leadership and unions also briefed the committee on the overall state of the institution and its state of preparation for the 2022 academic year.
The committee is committed to ensuring equality between various DHET programmes, in light of the importance of upskilling South Africans. The committee will also visit and be briefed by the Northern Cape Rural Technical and Vocational Education and Training School and the Northern Cape Community Education and Training School on January 25, 2022.
In the second stage of the supervision visit, the committee will focus on science and innovation institutions. This visit is informed in large part by the committee's belief in the importance of having a physically observed understanding of the department's programs. In light of this, the committee will visit the SKA/MeerKAT project in Carnarvon and the site of the Large South African Telescope in Sutherland.
Given some concerns about the impact of these projects on communities, the committee will also engage with the local communities in which these Department of Science and Innovation projects are located to assess their impact on social development and job creation.
The committee looks forward to engaging with the various institutions, stakeholders and community members to fulfill its oversight functions and ensure that government services reach the people of South Africa.