1
new
s
FOREIGN INVESTMENT NETWORK NEWSLETTER 2006
n October 2nd-4th 2005, the first
International Business Women
Conference was organized by
Foreign Investment Network UK. The
conference was held at the Hilton Kensington,
London, bringing people from all walks of life
across the globe that have succeeded in life
against all odds to share their experiences.
The speakers were made up of women
who have started their own businesses,
sometimes in the face of great adversity and
have had success stories. The event attracted
over 200 participants s from all over the world
who described the event as very inspiring.
The conference with the theme
‘Women,
Emerging Economic Force’
featured
presentations and various practical
workshops aimed at inspiring young women
and men to greater productivity through
international exposure and contacts.
The conference is part of FIN’s women
empowerment initiative aimed at bringing
African business women together for
increased capacity utilization.
The objectives of the Conference are:
Strengthening business capacity among
African women; match-making African
women with their counterparts from
developed nations for increased business
opportunity. Exposing African women to
international funds for project financing etc.
The event which was Co-sponsored by the
Office of the Mayor of London as it coincided
with the Black History celebration,
presented awards to deserving women who
have distinguished themselves in their chosen
From the left: Mr James Smith (Chairman Shell UK), Dr Mrs Ngozi Okonjo-Iweala, (Nigeria’s Minister of Finance), Mayor of Kensington & Chelsea
O
Mrs Nike Akande, former Nigerian Minister of Industry
Dr Philis Santa Maria, President ,Planet Finance UK,
Ms Di Milford, Lekeleke South Africa
Grace Alalade Chair Shell African Network
FIN Newsletter 2a single sheet 15/7/06 22:01 Page 1
pg_0002
2
fields. Among them were Dr Mrs. Ngozi
Okonjo-Iweala, Nigeria’s Minister of Finance,
Di Milford, Managing Director, Lekelela
Services, South Africa, Dr Philis Santa Maria,
President ,Planet Finance UK, Mrs Nike
Akande, former Nigerian Minister of Industry
among others.
A combination of lectures, case studies
featuring women entrepreneurs, panel debate
and a range of business sector workshops
which challenged the existing mind set about
“women and business” in both the public and
private sectors was presented.
There was an interactive roundtable
meeting of women ministers and policy
makers - making aid and poverty history
Other workshops included
Powerful Business Communication
Techniques for business people
Women business as catalyst for
national development
Creating Market access to poor
producers, supply chain linkages
Empowering Women through
skill acquisition
Financing Projects- How and where
to get the finance you need for
your projects
Gaining Access to Micro Financing
Developing skills for international
business.
"The economic empowerment of women
has been recognised as a vital element in
national development efforts by the
international community.
Women-owned businesses particularly
developing countries have demonstrated
their potential to provide jobs and contribute
to economic growth in theicountries."
FIN Magazine, UK.
ATTENDEES AT THE FIRST INTERNATIONAL
BUSINESS WOMEN CONFERENCE 2005 UK
Ken Livingston Mayor of London, Dr Mrs Ngozi
Okonjo-iweala Finance Minister Nigeria and others
Participants join the Mayor of London Ken Livingston
to celebrate the Black History month
Ms Mary Shnack, Ms Anabor DG Institute of
Management Nigeria, Ms Ogundipe Alatishe
MD Sly Rider Travels Nigeria
Delegates at the first International Women
Conference 2005 UK
Ms. Rita Iddi Tani Deputy Minister of Land &
Mines Kenya, Ms.Ann Pettifor Debt Advocacy
UK, Larry Agose Virgin Nigeria, Ms Rita Mlaki
Minister of Trade and Industry Tanzania
Kari Black Burn, Regional ExecutiveEditor BBC,
Zouera Youssoufou IFC. USA
Victor Politis President PRI. USA
Mrs Olayinka Fayomi CEO FIN UK,
Mr.Nkosana Moyo Managing Dir. Actis Uk
Chief Mrs Onikepo Akande President, International
Development Company UK former Minister of Industries
Nigeria and Ms Kristin Engvig WIN Switzerland
Ms Grace Egbagbe and other delegates
FIN Newsletter 2a single sheet 15/7/06 22:01 Page 2
pg_0003
3
Dr. Mike Aderohunmu, MD Oilgasmarinetech Nig.
Mr. Brown, ECGD, UK Govt.
Dr. Ibrahim Msabaha Minister of Energy Tanzania
Mr. Egbert Imomoh, E.D AFREN
Mr. Gao Bingi, Deputy Div. Dir, Ministry of Land
and Natural Resources China, Nicholas. J. Flecher,
Global Trade Centre, Ms. Claire Lawrie, Strategy
Senior Manager, Energy Practice Accenture UK,
Dr. Titi Banjoko, President, AfricaRecruit
Ms. Koosum Kalyan, Shell International Uk
Mr. Joshua Udofia, Shell International, UK
Allain Aboudaram Director, Litasto Switzerland
and a participants
From the left: Mr Mfomfo Nkabule, Minister of Natural Resources, Swaziland Mr. Simeon Nyachae, Minister of Energy, Kenyan, Dr. Rilwanu Lukman,Chairman, R.
Lukman & co UK, former Sec.Gen. OPEC Engr Phil. Chukwu Group General Manager NAPIMS Nig.
Mr. Pius Gumbi M.D, SEB Swaziland
Ms. Claire Lawrie, Energy Practice, Accenture UK
1st ANNUAL AFRICAN PETROLEUM,
ENERGY & MINING FORUM 2005 UK
MD Tanzania Power Authority and colleague from Kenya
Mr. Joe Ibe, Executive Director NPDC
Dr. H.D.T Magagula, Swaziland
Mr. Kunle Odushina, Exe. Dir. Nig. Gas Company
Above:
Several Ministers from African petroleum, energy and solid mineral producing countries were there. Also present were senior
officials from oil and gas companies and representatives from inter national organizations from different parts of the globe.
FIN Newsletter 2a single sheet 15/7/06 22:01 Page 3
pg_0004
4
2ND ANNUAL AFRICAN PETROLEUM,
ENERGY & MINING FORUM 2006 IN CHINA
China’s oil interests
in Africa
China’s voracious demand for energy to
feed its booming economy has led it to
seek oil supplies from African countries
including Sudan, Chad, Nigeria, Angola,
Algeria, Gabon, and Equatorial Guinea. The
U.S. Energy Information Administration
says China accounted for 40 percent of
total growth in global demand for oil in the
last four years; in 2003, it surpassed Japan
50 percent of Sudan’s oil exports in 2005,
which accounted for 5 percent of China’s
oil needs.
Relationship
between China
and Africa
Sino-African trade grew by 700 percent
during the 1990s, and the 2000 China-
Africa Forum in Beijing set off a new era of
trade cooperation and investment that is
producing notable results. From 2002 to
2003, trade between China and Africa
investment. Some textile manufacturers,
for ex ample, are reportedly investing
in African factories as a way to get
around U.S. and European quotas on
Chinese textiles.
as the world’s second-largest oil
consumer, after the United States. In the
first ten months of 2005, Chinese official
sources say, Chinese companies invested
a total of $175 million in African countries,
primarily on oil exploration projects and
infrastructure. Chinese energy company
CNOOC Ltd. announced it would buy a 45
percent stake in an offshore oil field in
Nigeria for $2.27 billion. China already has
a significant presence in many African
countries, notably Sudan: China bought
doubled to $18.5 billion, and then nearly
doubled again in the first ten months of
2005, jumping 39 percent to $32.17
billion. Most of the growth was due to
increased Chinese imports of oil from
Sudan and other African nations.
China’s foreig n direct investment in
Africa represented $900 million of the
continent’s $15 billion total in 2004. China
is no w the continent’s third most-
important trading partner, behind the
United States and France, and ahead
of Britain.
Experts say Chinese companies see
Africa as both an excellent market for their
low-cost consumer goods, and a
bur geoning economic oppo rtunity as
more countries privatize their industries
and open their economies to foreign
Chinese impact
on Africa
Many Africans are concerned over how
China o perates in Africa, accusing
Chinese companies of underbidding local
firms and not hiring Africans. On the other
hand, Africa registered 5.2 percent
economic growth in 2005, its highest level
ever, in part because of Chinese investment.
In return, the Chinese offer advantages
to African governments. They bring first-
hand experience of fast development, are
attuned to conditions in poor countries
and are unconcerned by scruples over
governance standards or human rights.
In a different way to the ideological
competition that took place in Africa
during the cold war, China is emerging
strongly as an alter native option
for governments more used to dealing
with former European colonial powers and
the US.
At one level, China is involved in a
straightforward resources grab, sinking
billions of dollars into promising oil zones.
But it is also engaged in a mix of
influence-building and opportunism. Like
Mr and Mrs Erastus Akingbola
Chairman/CEO Intercontinental Bank
Mr Zhou Dadi, Executive Director China Energy
and Reform Commission
HON. Lulu Xingwana, Deputy Minister for mineral and
energy South Africa.
Mr Jacob Erahbor Managing Director, International
Energy Insurance Nigeria, Mr Austine Baby
Chukwurah, Minister Counsellor-Nigeria Embassy
China, Mr Diran Onifade S A on Media representing
the Minister of Solid Minerals Dev.Nig
FIN Newsletter 2a single sheet 15/7/06 22:02 Page 4
pg_0005
5
Africa’s former colonisers, it cements
its political and trade relations with aid,
special concessions, debt relief,
scholarships, training and the provision of
specialists. At the same time, again like
Africa’s chief western partners, it has been
ready to back its commitments with
military assistance and arms, providing
equipment to countr ies such as
Zimbabwe and Sudan where other
suppliers are barred by embargoes.
Mr. Erastus Akingbola Chairman/CEO
Intercontinental Bank
HON. Mrs Dumsile Thandi Sukati, Minister
of Natural Resources Swaziland, Mr Richard
Mantangaza Maphalala, Director, Ministry
of Natural Resources, Swaziland.
Yu Yuan, Manager Director China National
Petroleum Corporation, Zhou Yi, Deputy Manager
Investment Department Mr Xia Yishan, CIIS
Mr Tayo Aderinokun, Managing Director
Gt Bank, Nigeria and other delegates
State of Economic Development in Africa
Low GDP And Other Economic Indicators
Relatively High Foreign Debt Profile
Low Industrial Output – Import Dependence
Fragile Ecosystem – Desert, Floods etc
Low Level of Infrastructure and Energy Consumption
Comparative Analysis:Electricity
Production/Consumption (BkWh) – 2001
Source: The World Fact Book 2005
Primary Energy Consumption Per Capita
Africa shows a very low consumption
Proven Oil Reserves in 2003
Africa has the fourth largest oil reserves
Proven Natural Gas reserves at end 2003
Source: BP Statistical Review of World Energy 2004
Source:BP Statistical Review of World Energy 2004
FIN Newsletter 2a single sheet 15/7/06 22:03 Page 5
pg_0006
The IBLF exist to provide opportunities that will
educate, develop, support and inspire participants Its
prime objective is to promote economic and
educational partnerships that will strengthen trade and
investment ties in emerging States
Objectives
To promote linkages among African and Foreign
businesses, governments, and educational
institutions to facilitate the development of
economic partnerships and a healthy and
appropriately trained work force;
Expected Speakers and Participants include:
Dr. Ngozi Okonjo Iweala (Minister of Foreign Affairs Nigeria)
Linah Mohohlo Governor (Central Bank Botswana)
Baronnes Lynda Chalker (Chairman Africa Matters UK)
Amanda Natalie Ellis (IFC Washington CD)
Bert Koenders (Chair Parliamentary Network on the
World Bank MP Netherlands)
Syble Soloman (President of Lifewise USA
Victor Politis (President PRI USA)
Michael Klein (Vice President and Chief
Economist, IFC)
Aliko Dangote (Group Chairman Dangote
Holdings Nigeria)
Jean-François van Boxmeer
(Chairman/CEO Netherlands)
Vuyiswa Keyi, (Canadian and African Business
Women's Alliance Canada)
Dr. Ndidi Okereke, (DG Nigeria Stock Exchange)
Norah Casey (Chief Executive, Harmonia
Publishing USA)
Emilio Zevallos (Fundes International Venezuela)
Anne Sherry (CEO, WestPac Bank, Australia)
Workshops include:
•
Agric/Agro allied
•
Petroleum and Energy
•
International Trade, Manufacturing and SME
•
Funding/Access to finance
•
lCT/Telecommunications
•
Stock Exchange dynamics
•
Transport (maritime, aviation)
•
Shell African Network
Registration
To register please contact the details listed below.
INTERNATIONAL BUSINESS
LEADERS Conference 2006
Creating Business Economic Opportunity
October 19th-20th, 2006
Venue: Holiday in Regents Park - London
Foreign Investment Network 78 York Street London W1H 1DP T +44(0)208 459 3260 F +44(0)208 459 8966
www.finmagazine.com or for Sponsorship and registration contact victor.ivokes@finmagazine.com
Hosted and organized by
FIN
Foreign Investment Network Ltd is a UK based investment consulting and publishing company. FIN has special passion for promoting and showcasing
investment opportunities in Africa and beyond to the international investors from all parts of the world.
Past sponsors of FIN events
FIN Newsletter 2a single sheet 15/7/06 22:03 Page 6