I hope we can focus on what industry needs to start doing, keep doing and stop doing to gain back the ground lost to hydrocarbons opponents.
To bring an Asset Based Finance solution for strategic PEMEX suppliers. This technology was applied in other countries where HSBC has presence. So far, financing are behaving adequately and help the companies to bring state of the art equipment.
In the current state of affairs, we simply can not do enough to promote the positive factors associated with our industry. I believe that we must continue to encourage discussions, at every level, that put Canada’s long term economic interests ahead of regional political interests.
IFC has over six decades of history with Africa: IFC has invested more than $25 billion in African businesses and financial institutions, and our current portfolio there exceeds $5 billion. We are a leading provider of advice to promote a sustainable private sector and mobilize capital from other investors who invest alongside IFC in critical sectors for Africa’s future. IFC invests in a multitude of sectors, from banking to agriculture, with a clear focus on developmental impact.
Akshai Fofaria, Partner, Solicitor & Avocat and Regional Chair of the Africa Group, Pinsent Masons LLP
Pinsent Masons has been active in Africa since the early 1990s when we exported the private financing model to South Africa, culminating in the development of the Gautrain. Since then, the firm has provided an entire project lifecycle service, supporting those who have an economic interest in Africa’s major energy, natural resources and infrastructure assets, and are proud to have used our legal expertise to help facilitate the financing and growth of vital energy infrastructure on the continent, and to have provided strategic advice and representation to market participants.
John says that to create a successful business you have to create a scenario where everyone, on all levels, care about the people that they work with.
Given the positives associated with Canada outlined herein, we have set up a Canadian office in 2016 and have completed five local investments. We continue to see strong deal flow in a market underserved by capital providers.
With our unique 3 coast reach, we are well positioned to help producers reach desirable domestic and international markets.
Key challenges according to Joel are – discounted prices as a result of limited market access and regulatory hurdles and lack of institutional interest.
The investor profile is not limited to PE, family offices, industrial groups and the large trading houses are all active. What is clear is that no one is willing to be a silent partner. The aspiration is to ensure that the portfolio companies implement international HSE and corporate governance standards and operate with a high degree of operational excellence and most importantly provide a return to their shareholders. Face time is very important in ensuring success.
Impact has established itself as a frontier company being able to identify, secure and explore very large potential prospects – often in deep water off the continental shelf. Because of the potential of the prospects in Impact’s portfolio it has been successful in attracting very large companies such as ExxonMobil, Total, Statoil and CNOOC as partners.
Today, Tower Capital operates the Thali license offshore Cameroon, which already has two oil discovery wells and two large exploration blocks in Zambia near the border with Zimbabwe. Tower Capital remains active in Namibia and also partners with NewAge in the Algoa-Gamtoos offshore block, which NewAge operates in South Africa.
Stonechair Capital Corp was created in 2009 as a private equity venture capital firm that continued the pursuit of my passions in the investment banking market and Africa energy. The firm has been involved in projects in Senegal, Ethiopia, Kenya, Tanzania, Madagascar, Seychelles, Liberia, Mozambique and Nigeria.
I am one of the founding members of Alvarez & Marsal’s Mexico City office which opened in January 2011. Being a part of the growth of this business from 4 professionals in 2011 to over 25 today has been really exciting and rewarding.
I started off my career as a generalist M&A investment banker and got increasingly involved in the resources and energy sector, advising on several power, mining and oil and gas deals. I decided early on in my career to focus on the energy sector more broadly, given its importance and role in supporting all economic activity and its tie to geopolitics. I have been fortunate to gain exposure to all parts of the value chain in different roles, both as an advisor and, more recently, as an owner building a global energy consulting firm.