By NJ Ayuk
African energy producers and governments are facing an unprecedented economic crisis due to the coronavirus, unemployment, recession, energy poverty and energy transition issues.
The African Energy Chamber’s Road to Recovery: How the African Energy Industry Can Reshape itself for a Post-COVID Comeback offers a common sense strategy for the public and private sector by leading industry experts.
He calls on all of us to take bold action in creating jobs and opportunities that put people back to work, build infrastructure, capitalize on AFCTA and diversify our economies.
We understand that we have an obligation, as an energy sector, to build and support African economies that attract investment and position our continent, its people and its investors for prosperity.
It is a plan for today that gives hope for the future. Sign up for the virtual book launch here: https://bit.ly/38FfWlo
After spending a week in Mozambique, I came to believe more in this mission and in what we can do to create opportunities especially for young people. We must never give up our commitment to work with international partners to strengthen issues of energy security and independence.
Let’s face it, creating an environment that attracts investment and job creators is key to getting Africans back to work in the well-paying jobs our energy sector offers.
I love this book and this common sense strategy because it calls us all to stand up for something greater than our own self-interest. We must not be ashamed of our energy sector and workers are good people and we must stand up for them and the investors. African countries need to understand that to revitalize our energy sector and our economy, we all need to do much more in infrastructure investment; Job creation; and diversification. We have to go beyond words.
Our continent must be competitive in the global market because each continent does everything to attract the same investment opportunities and the same capital. In Africa we need to set ourselves apart from other continents – so investors will choose the African energy sector as the best place to invest.
We must also be proud of the work we have done so far and countries like Senegal, Mozambique, Ghana and others have a good base, but they must build on it and grow. The job of Chambers is to work with businesses and help governments build on our existing strengths to make African countries one of the most desirable places to live for our young people by creating a good quality of life through our vast natural resources. We can build a corporate culture that calls on young people to become getters rather than waiting for a government bureaucrat or a foreign aid worker to receive a document. But we also need to challenge and push governments to create a business-friendly environment and improve a culture of good governance.
Sign up for the African Energy Chamber’s Road to Recovery: How the African Energy Industry Can Reshape itself for a Post-COVID Virtual Book Launch here (https://bit.ly/38FfWlo)!
By NJ Ayuk, Executive Chairman of the African Energy Chamber.