Africa Energy Chamber Chair on driving up appetite in the continent's oil & gas sector
On the side-lines of the recently concluded Africa Oil Week in Cape Town, CNBC Africa had a conversation with NJ Ayuk, Chairperson of Africa Energy Chamber on driving up appetite in the continent's oil and gas sector.
Tue, 16 Nov 2021 10:22:48 GMT
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AI Generated Summary
- Focus on attracting new investors and creating regulatory frameworks that benefit all of Africa
- Emphasis on engaging young people and making the oil sector more appealing to the next generation
- Commitment to collaboration, dialogue, and driving the continent's energy agenda forward
The recently concluded Africa Oil Week in Cape Town sparked insightful conversations about driving up the appetite in the continent's oil and gas sector. NJ Ayuk, the executive chairman of the African Energy Chamber, highlighted the importance of attracting new investors and creating regulatory frameworks that work for all of Africa. One of the key focuses has been on promoting opportunities for young people in the industry and addressing the energy transition that is rapidly reshaping the sector.
Ayuk emphasized the need to make the oil sector more attractive to the younger generation, noting that many young Africans currently prefer working for tech giants like Amazon over oil companies like Exxon or Chevron. He stressed the significant role the oil and gas industry has played in driving human civilization and underlined the demand for qualified personnel in the energy sector.
The Africa Oil Week event provided a platform for industry players to engage in meaningful dialogue, collaborate on key issues, and drive the continent's energy agenda forward. Despite challenges posed by the COVID-19 pandemic, the event drew a significant number of participants who underwent testing protocols to ensure a safe environment for discussions. Ayuk expressed optimism about the future of the energy industry in Africa and emphasized the spirit of resilience and innovation that characterizes the continent.
Addressing concerns raised by activists, Ayuk extended an invitation for protestors to engage in dialogue at future events, emphasizing the importance of finding common ground and working together towards solutions. He highlighted the launch of the African Energy Week as a platform to drive collaboration and inclusivity within the industry.
Looking ahead, Ayuk revealed plans to focus on discussions around hydrogen, renewables, and energy transition, highlighting the movement towards a just transition for Africa. The African Energy Chamber aims to hold stakeholders accountable, drive progress, and promote a unified African message that shapes the future of the continent's energy landscape.
In the coming days, the chamber will intensify efforts to engage with stakeholders, advocate for change, and push for sustainable practices that benefit all Africans. Ayuk's vision for a vibrant and inclusive energy sector in Africa underscores the importance of collaboration, innovation, and a shared commitment to addressing the continent's energy needs. With a focus on driving up appetites and promoting opportunities for the next generation, the African Energy Chamber is poised to lead the way towards a brighter energy future for Africa.