Africa50 incoming COO, Tshepidi Moremong (Source: Facebook)
Africa50, the pan-African infrastructure investment platform is pleased to announce the appointment of Ms. Tshepidi Moremong as Chief Operating Officer. Her appointment takes effect from July 1, 2021. She will lead a multi-disciplinary team including Fundraising, Investor Relations, Strategy, Human Resources and Administration, Communications, and Environmental and Social Governance.
Ms. Moremong is a seasoned senior executive with more than twenty-two years experience delivering strategic leadership in private equity, corporate finance and business development. She joins Africa50 from Rand Merchant Bank (RMB) in South Africa where she was the Head of Client Coverage for the rest of Africa outside South Africa, a role she has held since 2014. In this capacity, she was responsible for business development and client relationship management across nine markets. During her tenure, Ms. Moremong successfully built and led a multi-regional team which delivered significant results for RMB’s rest of Africa franchise. Ms. Moremong has also served as Chairman of the Board of Directors of the African Venture Capital Association, and has held multiple directorships for both listed and unlisted entities on the continent.
Prior to this, she held several leadership positions, including as an Investment Executive at Aureos Capital and Vice President at Renaissance Capital.
Throughout her career, Ms. Moremong has demonstrated a strong capacity for thought leadership, strategic decision-making and delivering bottom-line results.
Commenting on her appointment, Alain Ebobissé, CEO of Africa50, said “I am delighted to welcome Tshepidi to our team. She brings substantial pan-African financial sector experience, in-depth expertise in private-equity and has successfully led large multi-national teams across regions. I am confident that her leadership and broad business experience will be a great asset to ensure Africa50’s continued growth and success in the future.”
“I am excited and honoured to join the leadership team of Africa50. The organization has a bold mandate in driving the acceleration of infrastructure development on the continent. I am looking forward to working with the team and bringing my passion and expertise to further support Africa’s socio-economic transformation”, Ms. Moremong said about her appointment.
A native of Botswana, Ms. Moremong holds a Bachelor’s degree in Economics and Public Policy from Swarthmore College in Pennsylvania (USA) and an MBA in Finance from Columbia University’s Business School in New York (USA).
Ola Williams Named as Country Manager, Microsoft Nigeria
Ola Williams (Image & Release: Microsoft)
Ola Williams has been announced as the new Country Manager for Microsoft Nigeria. Previously the Specialist Sales Leader working with the extended team and the company’s partner organizations to grow cloud revenue across enterprise customers, she takes over from Akin Banuso who is the Enterprise Commercial Lead for Middle East and Africa– Multi market region.
In her new role, Ola will lead Microsoft efforts to accelerate Nigeria’s Digital transformation and cloud adoption across all our customer segments. She will work to identify new opportunities and mobilize internal organization resources as well as external stakeholders.
Ola joins Microsoft’s Middle East and Africa – Multi market region’s Leadership team reporting directly to Microsoft’s Middle East and Africa – Multi market region’s General Manager, Ibrahim Youssry.
“I’m proud of the significant contributions Akin has put in to accelerate the transformation journey our customers in Nigeria,” Ibrahim said. “I’m thrilled that Ola will bring her unique expertise to take the country to new heights and also play a part in the larger leadership team to design how we address the Africa’s business landscape.”
“It’s a great honour to be taking on this exciting journey at a time when the organisation is focused on growing and accelerating Africa’s transformation,” said OIa. “I am very optimistic of where Africa is headed and how we have a unique opportunity to use technology to really transform the lives and business in this region.”
Ola joined Microsoft in 2010 as the Enterprise Voice Technology Specialist. She has also held various positions including Partner Technology Manager, Dynamics Partner Sales Executive as well as Account Technology Strategist. Ola has over 21 years of Information technology experience which spans through Solution implimentation, Solution Sales and Channels Management. She is graduate of Computer Science from the Federal Polytechnic, Offa and has a Master’s in Business Administration from University of Liverpool.
João Manuel Gonçalves Lourenço, The President of the Republic of Angola To Speak At The Angola and Turkey Business Forum
João Manuel Gonçalves Lourenço, The President of the Republic of Angola (Image: Claudia Padayachy)
The President of the Republic of Angola, João Manuel Gonçalves Lourenço, will give the inaugural speech at the Angola-Turkey Business Forum, to be held at the Ato Congresium Conference Center in Ankara, Turkey, today, 28 July 2021, at 9:00 am local time.
President Lourenço, who will address the Turkish business community, will take this opportunity to highlight Angola’s economic potential and the opportunities that the country offers. He will also discuss his government’s commitment to economic growth and development through the private sector as well as the multiple initiatives that have been adopted to improve the business environment.
This Forum is part of the official program of President Lourenço’s visit to the Republic of Turkey and is the perfect opportunity to inform the local business community and investors of Angola’s new business environment. Numerous ongoing reforms and support policies for private investment and the diversification of the economy have been put in place.
The Chairman of the Board of Directors of AIPEX, António Henriques da Silva, will present the numerous investment opportunities in the Republic of Angola.
Turkey’s Minister of Commerce, Mr. Ahmet, and the President of DEIK, are also expected to present at the Forum.
Around a hundred Angolan and Turkish companies from various sectors are expected to participate in the event.
The Angolan and Turkish business communities will soon enjoy closer ties, with the launch of two direct weekly air connections between Luanda and Ankara through Turkish Airlines.
The Angolan presidential delegation comprises Manuel Nunes Júnior – Minister of State for Economic Coordination, Edeltrudes da Costa – Minister and Cabinet Director of PR, Tete António – Minister of Foreign Affairs, João Ernesto dos Santos – Minister of National Defense and Homeland Veterans, Sérgio dos Santos – Minister of Economy and Planning, Ricardo Viegas de Abreu – Minister of Transport, João Baptista Jorges – Minister of Energy and Water, Manuel Tavares de Almeida – Minister of Public Works and Spatial Planning, Diamantino de Azevedo – Minister of Mineral Resources , Oil and Gas, António Francisco de Assís – Minister of Agriculture and Fisheries, Victor Fernandes – Minister of Industry and Commerce and Antonio Henriques da Silva – Chairman of the Board of Directors at AIPEX.
Over the last 18 years, Turkey has significantly increased its presence in Africa, going from 12 embassies and investments of around USD 100 million in 2003 to 42 embassies and around USD 6.5 billion in direct investments in 2021.
From 2003 to 2019, Turkey’s trade with Africa increased about five times, and now some 51 African cities are served by Turkish Airlines, which plans to start flights to Angola soon. (Source: issafrica.org and AIPEX).
To date, Angola has registered around USD 200 million in investments of Turkish origin, especially in mining and steel. President João Lourenço’s visit to Turkey will boost economic relations between the two countries and, in the medium term, an increase in Turkish investment in Angola is expected in priority sectors, namely, industry, mining, energy, tourism and transport, in addition to trade, where the two countries already have strong links.
The trade balance between the two countries is unfavourable for Angola, data from the General Tax Administration (AGT) indicate that from 2015 to 2020, Angola’s imports from Turkey was around USD 1,702,737,951.00, while exports from Angola to Turkey in the same period were only 41,960,419.00 USD.
Wärtsilä to modernise power generation at Nigeria’s oldest and largest food company, Flour Mills Nigeria
Wärtsilä will enable leading Nigerian food company to modernise its power generation facilities to meet everyday production needs
The technology group Wärtsilä will supply fuel-flexible dual-fuel engines to extend, improve, and modernise power generation for a captive power plant at Nigeria’s oldest and largest food and agro allied company, Flour Mills Nigeria. The company’s Lagos-based power plant is needed to ensure sufficient capacity and a reliable electricity supply around the clock to meet its food production requirements, and commitments to its customers. The two received orders were booked by Wärtsilä in March and June.
The first order comprises a 9-cylinder Wärtsilä 34DF dual-fuel engine generator set and is an extension to the existing generating capacity provided by a similar Wärtsilä engine generator set that has been successfully operating since 2017. The second order comprises a 12-cylinder Wärtsilä 34DF engine generator set and is intended to replace an existing inefficient mono-fuel generating asset in the plant with efficient dual-fuel generating capacity as part of Flour Mills Nigeria’s captive power plant modernisation plans. The Wärtsilä engine generator sets will be delivered during 2021 and are expected to become fully operational in early 2022.
The multi-fuel capability of the Wärtsilä engines, which can switch seamlessly from natural gas to liquid fuel mode while running at full load, facilitates continuous supply of electricity to critical loads in the event of uncertainties in the quality and quantity of the gas supply. In addition to maximising the availability and reliability, this inherent capability provides a valuable hedge against fuel price increases, and lends itself to accommodating future fuel infrastructure developments.
“It is always gratifying to receive repeat orders from a customer, not only because it signifies their satisfaction with our solution, but also because it cements the relationship between our companies. Operational flexibility and efficiency, which are features of the Wärtsilä engines, are becoming key issues in energy production, and are especially relevant for production facilities with a critical need for a reliable electricity supply,” commented Marc Thiriet, Energy Business Director, Africa West.
The Nigerian government’s 30-30-30 vision document for the power sector aims to achieve a capacity of 30,000 megawatts of electricity by the year 2030, with at least 30 percent being supplied from renewable energy sources. The selection of fast-starting and stopping Wärtsilä engines means that should the customer have access to solar or wind power in the future, these engine generator sets can provide smart back-up generation to balance the fluctuating supply from renewables.
Wärtsilä has a leading position in supplying flexible power generation to West Africa with 4792 MW of capacity installed, of which 667 MW in Nigeria. Wärtsilä has operated in the country since 2010 and has about 90 employees locally.