Leila Hubeaut

🇲🇿 Mozambique's Resilient Path to Economic Renaissance: Reviving the LNG Project 🇲🇿 🔗 In an inspiring development, the meeting between TotalEnergies CEO Patrick Pouyanné and Mozambique President Filipe Nyusi in Kigali has illuminated the positive progress on the $20 billion LNG project in Cabo Delgado. This project is a cornerstone in Mozambique's strategic vision to harness its natural gas resources for sustainable economic growth. 🔑 Key Developments: 1. Enhanced Security Measures: Mozambican authorities, with support from African allies, have significantly stabilized Cabo Delgado, the project's locale. These efforts are central to ensuring a safe environment for the resumption and success of economic activities, thereby boosting investor confidence. 2. Economic Impacts and Opportunities: The LNG project is expected to transform the economic landscape of Mozambique, offering thousands of jobs and fostering infrastructural development. President Nyusi's leadership in navigating the project's resumption highlights a strong commitment to economic rejuvenation and long-term prosperity. 3. Strategic Project Resumption: Under the careful strategic guidance of both Mozambican leaders and TotalEnergies, the project is set for a phased resumption. This meticulous approach underscores a commitment to sustainability and long-term viability, which is crucial for attracting further investment. 4. Community and Environmental Commitment: The project is advancing with a heightened focus on respecting community rights and environmental standards, ensuring that the development translates into widespread benefits for local communities and stakeholders. 5. Global and Local Synergy: This project is a testament to the effective collaboration between global corporations and Mozambican governance. It sets a powerful example of how strategic partnerships can lead to mutual benefits and enhance global energy security. 💡Why This Matters: The resurgence of the LNG project under President Nyusi’s watch demonstrates Mozambique's resilience and strategic capabilities in creating a favorable investment climate. This development is not just a win for Mozambique but a beacon for potential investors looking for stability and commitment in emerging markets. 🌐 If you are an investor or interested in the global energy sector, this is a prime time to consider Mozambique. The nation is proving to be a reliable partner, committed to creating a secure and prosperous environment for high-scale projects.🚀🌍👌🏽 #InvestInMozambique #EnergyResilience #EconomicGrowth #SustainableDevelopment #LNGProject #TotalEnergies #GlobalEnergy #EmergingMarkets #InvestmentOpportunity #AfricaDevelopment #MozambiqueEnergy #ResourceManagement #EconomicDevelopment 👍 #Like | 💬 #Comment | 🔗 #Share #Connect and #follow for more #insights on #investment #opportunities and #economic #development in #Africa. #Join us in shaping the future of #global #energy!

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The Republic of Congo’s (RoC) Ministry of Hydrocarbons will hold a press conference on November 4 in Cape Town during African Energy Week (AEW), to announce the first-ever Congo Energy & Investment Forum (CEIF), from 26-27 March 26-27, in Brazzaville. This forum aims to establish RoC as a major player in Africa's energy sector, showcasing significant investment opportunities. Full Article: https://lnkd.in/djH9WAsw Français: https://lnkd.in/dGcBfbcz Organized by Energy Capital & Power and backed by African Energy Chamber, the CEIF will unite government officials, investors, and industry experts who will share valuable insight on the country's upstream developments as well as its onshore and offshore opportunities. RoC is projected to produce 280,000 barrels of oil daily by the end of 2024, making it the fourth largest oil producer in Sub-Saharan Africa. CEIF will spotlight new projects, partnerships, and its energy advancements driven by the Société Nationale des Pétroles du Congo (SNPC), who holds majority stake in the Mengo Kundji Bindi II permit. During AEW, Hydrocarbons Minister Bruno Jean Richard ITOUA will unveil the Gas Master Plan at the “Invest in the Republic of Congo Energies” Roundtable Discussion, aiming to unlock gas potential, gain new investments, and support smaller projects with attractive fiscal conditions. Gas development in RoC has a target of producing 3 million tons of LNG annually by 2025 from Eni’s Marine XII project. James Chester, CEO, Energy Capital & Power states that “Introducing CEIF at Africa’s premier energy event, African Energy Week, marks a major milestone for the RoC’s investment climate”. ➡️Find out more about the Congo Energy & Investment Forum and be a part of shaping the future of Congo's energy landscape https://shorturl.at/rVrCF #CEIF2025 #SustainableEnergy #EnergyInvestment #InvestInCongo #Congo #CongoInvestment #CongoEnergy #AfricanEnergy #AfricaInvestment #OilandGas #Hydrocarbon

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As the inaugural #CEO of Sierra Leone's first Sovereign Wealth Fund, I'm keenly interested in the potential impact of the Nigeria - #Morocco Gas Pipeline on West African nations. This #project presents an extraordinary opportunity to meet the urgent power and industrial needs in #SierraLeone and could catalyze a wave of industrialization across West Africa. The potential benefits of the Nigeria-Morocco #Gas Pipeline are extensive, offering a reliable #energy source that should primarily enable the electrification of households. This initiative is also set to empower local #industry to scale operations, reduce costs, and enhance global competitiveness. The implications of this project are profound, heralding a new era of opportunity, #job creation, skill development, and a broad increase in prosperity across the region. At the forefront of this development is the crucial dialogue about how to maximize the project's benefits for the #economy. The focus must be on crafting policies and forging partnerships that not only ensure industries thrive but also ensure that the rewards reach every citizen of the greater #WestAfrica region. Through local value addition, particularly in the mineral sector, and by increasing the #production of goods for #export, alongside pursuing #import substitution for essential products like #food and materials like #steel and #cement, this pipeline promises to turn potential into tangible prosperity. Moreover, amidst #Nigeria's ambitions to provide #NaturalGas to Europe and the setbacks faced, such as the halted Trans-Saharan gas #pipeline due to frozen bilateral relations with Niger, there exists a significant #opportunity for West Africa to chart a new course. Instead of prioritizing European energy supply, the focus can shift towards fulfilling #Africa's urgent needs for electrification and industrialization, allowing #Europe to benefit as a secondary priority. This approach emphasizes a self-sufficient model where Africa leads its #development, inspired by Pan-Africanists and global advocates for unity and collective strength—not through force, but through peaceful multilateralism, shared interests, and mutually beneficial #partnerships. It’s essential that the continent harnesses its resources and strategic partnerships to shape a sustainable and prosperous #future for its people and on its own terms. Additionally, recognizing that Africa's existence is not in a vacuum but as part of a greater global #society, it is crucial to responsibly share mineral resources in a way that advances human society. #Minerals found across the continent are essential for the global transition to greener energy #technology. As we face the urgent challenges of global warming, leveraging these resources becomes vital. Each African nation must prioritize its own developmental needs in a manner that is balanced and respectful to the greater world's needs, while the international #community must respect their sovereign decisions.

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To attract further interest in Senegal’s Special Economic Zones (SEZs), heads of investment management company APIX-S.A and Senegalese Customs recently visited the Sandiara SEZ to encourage private sector companies to participate in the country’s economy. With aims to combat power outages, lower electricity costs, stimulate economic growth and enhance cooperation in the MSGBC region, Senegal’s Sandiara SEZ is poised to result in the creation of approximately 20,000 jobs, while attracting over $200 million in investment. Read the full article: https://hubs.la/Q02NPp130 This year’s MSGBC Oil, Gas & Power conference, taking place in Dakar on 2-3 December 2024, is set to showcase how SEZs in the bloc stand to expand the regional energy industry, while driving local content and socioeconomic development. Book your delegate pass: https://hubs.la/Q02NPhPQ0 #MSGBC2024 #investinAfrica #investment #Senegal #electricity

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I had a productive side meeting today in Berlin with the H.E Prosper Associé Dodiko President of the Commission des Forêts d’Afrique Centrale (Comifac RDC) and Burundi’s Minister of Environment. Our discussions reaffirmed the #CongoBasin Forest's critical role in global #conservation and #climateresilience. We explored how linking conservation with development is essential for Africa's future. We also addressed one of the biggest challenges—ensuring that #financialsystems effectively channel resources to where they are most needed on the ground. Africa must lead the way in #conservation, with #Africanvoices shaping solutions to global environmental challenges. #Africanleadership #AfricanConservation

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🌍🔍 Africa’s Energy Future: Turning Challenges into Opportunities with Strategic Solutions 🔍🌍 Africa is at a critical crossroads in its energy journey. With over 600 million Africans lacking access to electricity (Source: International Energy Agency (IEA), the need for a balanced energy strategy is urgent. Patrick Pouyanné of TotalEnergies warns that the G7’s restrictions on funding African gas projects could jeopardize both energy security and economic growth. But instead of seeing barriers, let’s focus on innovative solutions: 1. Rethink Global Funding Policies: According to the African Development Bank Group, bridging the energy access gap requires an estimated $230 billion by 2030. Advocating for flexible funding models that support natural gas as a transitional fuel is essential to meeting Africa’s unique energy needs while aligning with global sustainability goals. 2. Maximize Public-Private Partnerships: Recent collaborations in #Kenya and #Ghana have attracted over $3 billion in private investment, showing that leveraging private sector expertise and resources can effectively drive energy projects and foster economic growth. 3. Innovative Financial Solutions: The global green bond market, valued at $517.4 billion in 2021 (Source: Climate Bonds Initiative), presents a significant opportunity for Africa to attract investments focused on sustainable energy projects. Leveraging energy-focused venture capital and sovereign wealth funds can also unlock billions needed to support critical infrastructure. 4. Empower Regional Institutions: The African Development Bank has already financed over $12 billion in energy projects across the continent. The upcoming Africa Energy Bank, set to launch by 2025, could further address funding gaps and provide targeted support for essential energy projects. 5. Promote Local Innovation and Capacity Building: Investing in local tech development and training is crucial. A McKinsey report highlights that digital and tech advancements could add $148 billion to Africa’s GDP by 2025. Building local capacity ensures that Africa not only consumes energy but also innovates and leads in its production. Africa’s energy future isn’t just about keeping the lights on today; it’s about building a sustainable, inclusive path for tomorrow. 🚀🌍👌🏽 🎙️Let’s hear from you: What other innovative strategies should we consider to secure Africa’s energy future? Share your thoughts and experiences below! 👇 #EnergyTransition #SustainableDevelopment #AfricanGrowth #NaturalGas #CleanEnergy #FutureOfAfrica #Innovation #EnergyFinance #PublicPrivatePartnerships #GlobalEconomy #LeadershipInEnergy #AfricaRising #EconomicDevelopment #SustainableGrowth #EnergyInnovation #FutureEnergy #ImpactInvestment #RenewableEnergy #ClimateAction #Inclusion #Empowerment #BusinessInnovation #InfrastructureDevelopment #FinancialInclusion #ImpactfulLeadership #ResilienceBuilding #DigitalTransformation #VentureCapital #GrowthMindset #linkedin

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PATRICK POUYANNE KEPT HIS PROMISE: “WE HAVE AN FID!” It was a glorious morning yesterday, when the TotalEnergies (TTE) CEO delivered on his promise that the company would announce its FID within one year after completion of appraisal of the Sapakara/Krabdagu reservoir, now fittingly renamed as “Gran Morgu”. It was almost exactly one year, and the symbolism of the new name could not be more striking. In Sranan Tongo, our local language, Gran Morgu not only is the more formal way we greet a new day and each other, but it is also a prized BIG FISH, which every fisherman in Suriname dreams to reel in once. My compliments for the creative mind, who came up with this beautiful name. “Gran Morgu” exactly catches what Suriname got with its announcement. Reeling in the big fish we have been dreaming of for so long and providing us new opportunities to build a GRAND NEW DAY for ourselves. Amidst joy about the prosperity that Gran Morgu will bring us, there were still some cautionary remarks, reminding us that we will only be able to properly benefit from its proceeds, when we will manage it responsibly and with a future-oriented mind. It took 5 discoveries, some dry wells and USD 1.5 billion in exploration spending to arrive at this point and another USD 10.5 billion will be spent in development costs. First oil is expected in 2028. Simultaneously with the announcement of the FID, the first big contracts for the FPSO, lines and subsea system, amounting USD 7 billion, has been awarded to SBM, Saipem and Technip FMC, while a tender to drill 16 production wells and 16 re-injection wells is already underway. In a press release TTE touted Gran Morgu as “a landmark project in a prolific basin, which aims at peak production of 220,000 bpd, with an FPSO unit, that replicates a proven and efficient design, while leveraging best-in-class technologies to minimize GHG emissions and maximizing local content for the benefit of the Suriname economy and its people.” The FPSO will be built to accommodate future tie-back opportunities, that would extend its production plateau. The development stage up to first oil, will deliver USD 1.5 billion in local content spending, together with the creation of approximately 6000 direct and indirect jobs. Commenting on the FID announcement, John Christmann IV, CEO of APA Corp said: “It is a great day and a new beginning for Suriname. We are excited to be part of it.” Patrick Pouyanné, CEO of TTE, said that “this project marks the first offshore development in the country and capitalizes on our extensive expertise in deep offshore innovation." For Annand Jagesar, CEO of Staatsolie, the FID is a historic milestone. “What seemed like a distant dream is becoming reality. This project will yield significant income for Suriname and needs to lead to better living standards for every citizen of Suriname." Congratulations TTE, APA, Staatsolie and the people of Suriname. Good luck and a safe execution of this project. SRANAN SA WINI!

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These points highlight the challenges facing the cashew industry in Côte d'Ivoire, including balancing export and local processing needs and dealing with environmental factors affecting production. 1- Partial Lifting of Export Suspension: Côte d’Ivoire has partially lifted the suspension on the export of raw cashew nuts. Initially, this suspension was implemented to ensure enough raw nuts were available for local processors, but it did not meet the expectations of these processors in terms of supply adequacy. 2- Projected Decline in Production: The country is expected to see a decline in cashew production in 2024, from 1.225 million tonnes in 2023 to 1 million tonnes, mainly due to unfavorable climatic conditions. This represents a decrease from the previously projected 1.25 million tonnes. 3- Local Processing Capacity and Utilization: The local processing rate of cashew nuts into kernels in 2023 was 21%, with about 265,863 tonnes processed by approximately thirty industrial units with a combined capacity of 350,000 tonnes.

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#Gabon – New constitution paves way for junta leader to legitimise power, while fiscal pressures persist 🤔 What does overwhelming support for the new #constitution mean for governance? 🛢️ Will Gabon reach its #oil production target of 220,000 bpd? ➡️ What is behind the #junta’s newfound close relationship with the #US? Our Insight Members can download the full briefing through the link in the comments section. #Libreville #OilAndGas #AntonyBlinken #AGOA #riskforecasting #PangeaRisk 

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Cashew Crisis in Côte d'Ivoire: Local Processors Still Struggling! 🌰🇨🇮 Despite the suspension of raw cashew nut exports to support local processors, there's still a significant shortfall. With the 2024 campaign nearing its end, local buyers are stockpiling the remaining nuts, driving prices up. This speculative behavior leaves our processors in a tough spot, unable to meet their production goals. It's crucial for the government and industry stakeholders to find a sustainable solution that balances export needs with local processing demands. How do you think we can address this challenge effectively? #CôteDIvoire #CashewCrisis #Agriculture #LocalEconomy"

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We have a 2024 Tokenization Initiative on top of this growing sector, in which I lead. DM me to get involved. We're forging new Strategic Partnerships among various sectors all in favor of #BlockchainRules 🛢

#EquatorialGuinea is Open for Business, Open to Investors, Says #AEW2024 Panel On the back of industry and fiscal reform, #EquatorialGuinea is officially open for business and investment, said the country’s Minister of Mines and Hydrocarbons, Antonio Oburu-Ondo Avomo. Speaking in a virtual address ahead of an Invest in #EquatorialGuinea Energies Country Spotlight – sponsored by EG LNG and Marathon Oil Corporation – at #AfricanEnergyWeek (#AEW) 2024: Invest in African Energies, Minister Ondo said that the country offers a wealth of opportunity across the oil and gas sector and it is inviting foreign companies to expand their footprint across the country. Read article here: https://lnkd.in/eBHXVwaj #AfricanEnergyWeek #AEW2024 #InvestInAfricanEnergy

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#Benin / #Niger - Benin blocks Niger oil exports in border row - BBC News Benin has prevented neighbouring Niger from using its port to export its first crude oil, as a border dispute rages between the two nations. President Patrice Talon's government is demanding that landlocked Niger reopens its side of the border if it wants to use Benin's ports. Mr Talon accused Niger of treating its neighbour like an “enemy”. Relations between the two nations soured after the military staged a coup in Niger last year. Benin and other West African nations imposed sanctions on Niger, including border closures, in a bid to force the military to hand back power to the elected government. The sanctions by the Economic Community of West African States (Ecowas) were eased in February, and were expected to normalise trade relations with Niger. But Niger refused to open its land border for goods coming from Benin. Mr Talon has accused Niger of not co-operating to restore ties. "If you want to load your oil in our waters, you must consider that Benin is not an enemy country and that [its] territory cannot be the subject of illicit trafficking or informal exchange," he said on Wednesday. "If tomorrow the Nigerien authorities decide to collaborate with Benin in a formal manner, the boats will be loaded," he added. Niger's junta has not yet responded to his comments. Benin’s move puts at risk Niger’s plan to begin exporting oil - the landlocked country has been producing about 20,000 barrels per day primarily for domestic consumption due to the lack of an export route. Following the completion of a 2,000km-long (1,240 miles) Chinese-built pipeline through Benin, production was set to rise significantly to 110,000 barrels. The dispute is seen as undermining the project and affecting relations between two countries that were close trade partners before the coup in Niger. Herve Akinocho, the director of the Centre for Research and Opinion Polls in Benin, said the country would lose about $7m (£5.6m) daily from oil transit fees that Niger would have paid. He told the BBC Newsday radio programme that Benin was suffering bigger losses from Niger's decision to keep the border shut. He said that most of Niger’s imports and exports passed through Benin before the coup, but this was now happening through Togo. He said that Niger's refusal to open the border was "really hitting the economy of Benin [including] the transport sector.” https://lnkd.in/eg-QJSKA

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In the last ten years, #Guinée made leaps in the #power sector, significantly increasing available power thanks to strategic #hydropower assets. The #developmental impact is visible to the naked eye. Now is the time to work on the sector's #financial #sustainability to prepare for the next phase of leaps. There is still much to do and it is important to have credible counterparties to leverage the required #financing for the sector.

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Mauritania’s $34 Billion Green Hydrogen Project Highlights Africa’s FDI Momentum ◼ Foreign direct investment (FDI) flows to Africa faced a marginal decline of 3% in 2023, totaling $53 billion, according to the latest World Investment Report released by UNCTAD on 20 June. This dip was largely influenced by Egypt and South Africa, two of the continent’s largest economies, which experienced varied FDI trends throughout the year. ◼ Despite the overall decrease in FDI, Africa witnessed a notable increase in the share of global greenfield meg aprojects, with six projects valued above $5 billion. Leading this surge was Mauritania, where a groundbreaking green hydrogen initiative garnered investments projected to exceed $34 billion—several times the nation’s GDP. ◼ The renewable energy sector also attracted substantial attention, with over $10 billion allocated to wind and solar electricity production projects across Egypt, South Africa, and Zimbabwe. Additionally, Morocco secured a significant deal for a $6.4-billion electric vehicle battery manufacturing facility, highlighting growing interest in Africa’s electric vehicle value chains. ◼ In terms of FDI stock, key investors in Africa include the Kingdom of the Netherlands, France, the United States, the United Kingdom, and China, underscoring diverse international interest in the continent’s economic opportunities. ◼ Looking ahead, despite regional fluctuations, FDI inflows across major African groupings such as ECOWAS and SADC have expanded compared to 2018 levels, reflecting ongoing investor confidence amidst evolving economic landscapes. ◼ This data underscores Africa’s evolving FDI dynamics, marked by a resilience in greenfield investments and strategic shifts in regional economic strategies, poised to drive sustainable development in the years to come. The source: Solar Quarter #energyticslimited #energyefficiency #renewableenergy #greenhydrogen #africa

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Independent Operators Lead Push to Extend Lifespan of Africa’s Mature Fields Independent operators outlined new efforts to maximize production in Africa’s mature oil markets – including #Gabon, #Equatorial #Guinea and #Angola – during the Upstream E&P Forum at African Energy Week: Invest in African Energies 2024. Africa’s mature oil markets are seeing a number of independent firms drive production gains, prioritizing incremental exploration and innovative technologies to breathe new life into existing assets. In #Gabon, Perenco launched appraisal drilling near its existing Hylia South West discovery to identify additional reservoirs and estimate oil volumes. Meanwhile, Trident Energy launched a three-well infill drilling campaign on Block G – home to the mature Ceiba and Okume fields – offshore #EquatorialGuinea earlier this year. Read more here: https://lnkd.in/ezJzDW68 #AfricanEnergyWeek #AEW2024 #InvestInAfricanEnergy

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#Senegal – Balancing an ambitious populist agenda with fiscal and economic imperatives ⚠️ When will #French troops withdraw from Senegal? 🛢️ Is increased #oil and #gas production on track for 2025? 🤔 What is the impact of #transparency audits in extractive sectors? Our Insight Members can download the full briefing through the link in the comments section. #Dakar #Sangomar #GrandTortueAhmeyim #Diomaye #OusmaneSonko #riskforecasting #PangeaRisk 

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TotalEnergies hopes for new government in Mozambique. The front-runner in the presidential elections in Mozambique promises to end violence and allow foreign investors to work in the country. Mozambique's new presidential candidate Daniel Chapo wants to negotiate an end to the rebellion that forced a group of companies led by TotalEnergies to stop work on an LNG project in the country in 2021, Bloomberg writes. Chapo, 47, is the presidential candidate of the ruling Mozambique Liberation Front party, which has been at the helm since independence from Portugal in 1975. He is the favorite in the presidential race and is expected to beat his three opposition rivals. Bloomberg recalls that after a large-scale rebel attack in 2021 that forced TotalEnergies to stop its project, the government of incumbent President Filipe Nyusi asked Rwanda for military assistance. Foreign troops helped Mozambique's forces make great strides in fighting the rebels, but the situation flared up again earlier this year, and it took until August for Mozambican and Rwandan government forces to dislodge the militants from a key coastal area. TotalEnergies CEO Patrick Pouyanné said this week that he plans to visit Mozambique this month to meet with the president-elect and discuss how the new administration will "maintain this alliance with Rwanda." When asked about Rwanda's future role, El Chapo said he would defer making a decision until he takes office. TotalEnergies is the operator of the Area 1 Mozambique LNG project, whose two trains are expected to produce 13.1 million tonnes of LNG per year, with 85% of that gas already contracted, and the rest going to the country's domestic market. The project cost $20 billion. TotalEnergies began work on the project, but was forced to curtail it in 2021, declared force majeure in April and evacuated personnel from the country. If Chapo wins and begins negotiations with the militants, this will be the first contact in many years. And we are not only talking about foreign investment, but also about the humanitarian situation in the country. Thus, according to the Cabo Ligado website, at least 5,793 people have died as a result of the conflict, and hundreds of thousands of people have been forced to leave their homes. https://lnkd.in/eqbMsbk7 #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production

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