Eric Selasi Asare

Episode 42 of Africa Science Focus is out! Experts talk about the potential of mini-grids to deliver sustainable energy in Nigeria. What steps are crucial for overcoming regulatory challenges in the energy sector?

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Tuesday, June 2, 2009, is the day like today when I landed my professional career at OLA Energy Kenya. Today marks my 15th work anniversary with this great company. As I thought about this day, I could not hold myself from reflecting on what these 15 years have been about.  It’s fun and helpful to reflect on these 15 years because I have had successes and failures during this time. There is more than a stint to celebrate, but also a focus on building on success through my achievements and learning from my failures. A lot happened in these times: changed jobs, mostly by choice, while few were circumstantial; moved across departments; I have been engaged in many technical committees and projects, which completed most while shelved a few; I have been part of multiple teams constituted to drive business agenda, learned from many; I have met people; – built new relationships, severed a few; learned lessons, unlearned a few. the the journey had been full of highs and lows.   While I continue progressing on this journey, I want to pause ... to thank OLA Energy Kenya, who believed in my abilities, colleagues and team members it was because of you that I enjoyed the success that came my way, and very importantly, my family and friends who have been staying put with my workaholic habits Without any of you this would have been impossible.  Over the past few days, I paused and thought I needed to share my learning from the various roles I have played. Whilst the 15-year journey is worth pausing, reflecting and celebrating it; as this is a milestone, I am cognizant of the journey that is still pending to be completed. Today I will focus most of the learning through some of the toughest experiences. I believe it is failing and difficult situations that teach the best lessons. Here are key learnings from fifteen years of experience that will be inculcated as part of my professional principles.  

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(3min read) The Burden of Black Tax on African Youth: Understanding Responsibility with Financial Discipline     Imagine you land your first job and started to save for that dream car or investing in further education. Then family calls: Mum and Dad need money for rent, siblings need school fees, and Cousin needs capital to start a business. This is what Black Tax is in reality-an unwritten expectation that young Africans should take responsibility in keeping their families well off financially, sometimes even before they might have their own footing. While this is a noble obligation, it does impede personal growth. Following are some useful accounting and finance tips which may help manage and pay this "tax" more successfully: 1. Create a Separate Family Fund: A part of your monthly income must be kept aside for the needs of your family. This way, you will be able to give your share without compromising on your personal savings. 2. Budget Wisely: Make a list of all your expenses, including Black Tax, to ensure you are living within your means without straining financially. 3. Invest First: Invest in a portfolio of income-generating assets over time, with a view to meeting the big family obligations while securing your future. 4. Set Boundaries: Let the family know what you can and cannot do, so this may serve to cue them as to what needs would be more urgent and of priority, without compromising one's financial stability. 5. Financial Literacy: Continuously educate yourself on personal finance, budgeting, and investment for better decision-making. By applying the above tips, the young African will be in a position to pursue their family commitment while creating a path toward personal financial freedom with ease. To stay updated on more tips and insights on financial management and professional growth, feel free to follow me here on LinkedIn. I'd love to connect and share more valuable content with you!    #BlackTax #FinancialDiscipline #AfricanYouth #PersonalFinance #AccountingTips 

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#ICYMI: In a recent interview with Arise News, NJ Ayuk JD, MBA., Executive Chairman of the African Energy Chamber , discussed "Africa in a Global Energy Dynamic." Mr Ayuk highlighted Africa's critical role in the global energy landscape, emphasising the continent's abundant resources and strategic importance. For the upcoming AEC African Energy Week (#AEW) 2024: Invest in African Energies, excitement is building. Mr Ayuk emphasised the event's significance for Africa, especially with the return of the OPEC roundtable discussion, which will open doors for new deals and investments in the continent. He emphasises the significance of dialogue on the African continent and the need for respect and local empowerment in harnessing Africa's abundant resources. "It is important to have these conversations in Africa. Anything African should be done in Africa. We need to bring respect to this continent that has abundant resources." When asked about the acquisition of Africa Oil Week (AOW) by Sankofa Events, Ayuk stated: "The acquisition by Sankofa Events of AOW is inconsequential to AEW. Africa Oil Week just left Mayfair to Thamesmead and Peckham." Watch the full interview and hear Mr Ayuk's thoughts on Africa's energy future for more insights: https://lnkd.in/dJWhBJW7

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African Energy Chamber Executive Chairman NJ Ayuk JD, MBA. : What you tend to see in this is the wealthy nations will never back off on Africa, we are a continent that is highly sought off. Speaking at the Strategic Communications, Reputation Management and Investment Promotion Webinar.

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Through the 24 hour economy policy, it's going to jobs and jobs. #ChangeToResetGhana #JohnAndJane2024 #LetsBuildGhanaTogether #Mahama24HourEconomy

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Recording a video of 14 minutes and posting it on social media should not be a big deal, right. Well, I'd say it depends on who you are and where you are from. If you are a woman of African descent who wants to wear all the hats, it may take a bit longer 😄. This is a "behind-the-scenes" shot from my recent video that I didn't know I was recording till I thought I was starting to record. It is a 59 second recording but I'd say carries more message than the actual video I thought was the perfect one to share for the following reasons; 👇 1. It resonates perfectly with my philosophy, and that is the need for women to remain in their femininity as default unless absolutely necessary to tap into our masculine energy. This does not stop us in anyway from achieving our ultimate goal. In this video I saw myself, as a nurturer, listener, multitasker, etc. all of which are feminine traits. 👌 Yet I was still able to remain calm, resilient, and hopeful that God will give me those 14 minutes I needed to record my video. This was what happened and hopefully the message I managed to put across in the video was helpful to anyone that watched it. 2. It emphasizes the need for women to embrace supporting each other. The story is almost the same for all of us. We encounter the same struggles, we care for everyone else and sometimes forget ourselves in the process. So there is no point competing each other. Likewise, there is no need to see our male counterparts as the ones to blame. Instead, I encourage you to jump at the opportunity (whenever it presents itself) to show them that we are in this together. Society in our part of the world may have shaped our lives in this way, which is defining gender roles, however we can choose whether we want this to be cast in stone or not. 3. Our male counterparts are the easiest to deal with. We are the ones that can initiate/trigger this change. A huge part of how we do it is using the power of our feminine energy which I talk about if you follow my content. I can assure you that this will not happen if we try to force it. It will involve a change in our mindset and understanding of how the two essences of masculinity and femininity relate to each other. #patriachy #femininity #relationship #African woman #gender roles.

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The month of June has been marked with a plethora of Energy transaction across the Oil and Gas, Renewables and Power Sector. These recent developments is a testament to the fact that Nigeria is somewhat progressive in a bid to leverage on our natural resources in view of energy transition and Sustainability. Below is a compendium of intriguing developments in the Nigerian Energy sector. #energynewsinnigeria #energy #renewableenergy

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African Uprising; a feeling of hunger. Most African countries' inflation rates are rising, owing to a combination of local and international factors such as economic policies, insecurity, climate change, and low agricultural yields. Some countries, including Kenya, Uganda, Nigeria, and Ghana, have seen or planned protests as a result of rising living costs. The table below shows the prices of food items in some African countries, as well as the minimum wage, inflation rate, and foreign exchange rate. The government must pay more attention to the plight of its citizens and develop policies that will stabilise and grow the economy. West African countries must urgently address the high inflation rate and low minimum wage. Stay safe!!! #economy #hunger #highfoodprices #minimumwage #inflation

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🌍 Africa's biggest solar projects ☀️ Africa receives more bright sunlight than any other continent, making it a prime candidate for solar energy solutions to bridge energy gaps. Countries across the continent are already harnessing this abundant resource to drive sustainable development, reduce fossil fuel reliance, and boost economic growth. Why solar energy matters for Africa Sustainable development: Solar energy projects contribute to cleaner, more sustainable growth. Economic boost: Renewable energy investments create jobs and stimulate local economies. Energy access: Over 600 million Africans are currently without electricity. Solar energy can change that. With the urgent global shift to cleaner energy sources, Africa is rapidly embracing solar energy to diversify its electricity generation. This transition is crucial as hydroelectric power becomes more erratic with climate change. Discover the continent's largest operational solar power plants and their impressive energy generation capacities. 🔗 Read the full article here https://ow.ly/Tnbt50SNRg5 #SolarEnergy #RenewableEnergy #SustainableDevelopment #AfricaEnergy #CleanEnergy #EconomicGrowth #BrightFuture #EnergyAccess #ClimateFriendly #GreenEnergy

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ICYMI: In a recent interview with ARISE News, NJ Ayuk JD, MBA., Executive Chairman of the African Energy Chamber, shared critical insights on the global resistance impacting Africa's oil and gas sector. During his conversation with Boason Omofaye, Mr. Ayuk highlighted a significant inflow of investment into Africa during the first half of the year, primarily driven by legacy investments from international oil companies (#IOCs). He also addressed concerns raised by Dangote Refinery regarding alleged attempts by international oil industry interests to undermine its $20 billion refining project in #Nigeria. Mr. Ayuk expressed disappointment over the challenges faced by the refinery but emphasised the importance of collaboration to protect such vital investments. Furthermore, Mr. Ayuk revealed the African Energy Chamber’s ongoing efforts to combat the pushback against Africa’s hydrocarbon sector. He confirmed that the Chamber has been preparing for litigation over the past year and a half and is determined to take legal action to safeguard the region’s energy future. NJ Ayuk also emphasised the need for self-reliance in Africa’s energy sector, stating, "We have a lot of friends in Africa, and we’ve seen a lot of love from London and New York. But we need to realise that no saviour is coming for the African continent. We need to produce for our own; we need to focus on 'drill, baby, drill' for our African continent." Watch full interview here: https://lnkd.in/ebuvfFAW

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Dear Young African, Be deliberate when making friendship with people, especially if it'll be a closeness that'll last long. Don't give anybody the forum or key to disrespect you in any form b/c you have different opinion from theirs. We live in a world where people's opinion are not respected and threatened by those who feel they have power over them? Don't feel bad when your stands or conviction are threatened. When someone disassociate self from you,cut you off and shut you down. Analyze the situation,the person in question,when the so called relationship haven't been dicey,what level of impact or productivity does it brought to you? So,why worry over someone who want to cut you off and have no impact in your being or breakthrough in life. Don't be a weakling and a confused soul without self mind or personal opinion. Someone wants to cut you off, leave you or shut you down b/c of differences of opinion? Help them exit from your life. Just make sure you're standing on the right path. Don't mess around nor be a coward. Comr. Abdulsalam, The People's servant, Agribusiness Consultant, And member of Start-up Niger Project.

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3 weeks ago We launched 𝘞𝘩𝘢𝘵 𝘛𝘩𝘦𝘺 𝘋𝘪𝘥𝘯’𝘵 𝘛𝘦𝘢𝘤𝘩 𝘠𝘰𝘶 𝘪𝘯 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨 𝘊𝘭𝘢𝘴𝘴. And the response has been nothing short of 𝗶𝗻𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝗲. To Oreoluwa, Onyeka, Oyindamola and Perpetual—your endorsements truly amplified its reach. Thank you for being 𝗽𝗼𝘄𝗲𝗿𝗳𝘂𝗹 voices for this work. To everyone who got their copy—you’re the reason this project feels so meaningful. Thank 𝘆𝗼𝘂 for being part of this journey. But the conversations haven’t stopped. A dozen more have emerged for every question we answered in the eBook. 𝘛𝘩𝘦 𝘚𝘵𝘰𝘳𝘪𝘦𝘴 𝘊𝘰𝘯𝘵𝘪𝘯𝘶𝘦: - How do you tackle performance metrics that hide the real story?   - What does it take to translate accounting principles into actionable business strategies? These are 𝗽𝗿𝗼𝘃𝗲𝗻 challenges finance professionals face every day. The need for a 𝗻𝗲𝘄 Volume 2 couldn’t be clearer. Yes, the work starts 𝗻𝗼𝘄. I’m already rolling up my sleeves to dive into that. --- If you don’t have your copy yet, it’s not too late. This eBook is your 𝗿𝗼𝗮𝗱𝗺𝗮𝗽 to bridging the gap between textbook accounting theory and business’s messy, beautiful reality. It’s packed with 𝘀𝗮𝗳𝗲, practical insights to make your work impactful and relevant. 📘 𝗚𝗿𝗮𝗯 𝘆𝗼𝘂𝗿 𝗰𝗼𝗽𝘆 𝗵𝗲𝗿𝗲: https://bit.ly/WTDNTYIAC Imagine what’s possible when we take control of our finance careers and transform our roles into business-driving forces. 𝗬𝗼𝘂’𝗿𝗲 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗯𝗶𝗴𝗴𝗲𝗿. Together, we’re redefining what accountancy and finance leadership truly look like. Practical, impactful, and built for the 𝗿𝗲𝗮𝗹 world. Cheers,   Ajibola  💬 𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗩𝗼𝗹𝘂𝗺𝗲 𝟮 𝘁𝗮𝗰𝗸𝗹𝗲? Drop your thoughts in the comments—I’m listening!

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This is such great news, and I definitely believe strategic planning would be imperative in context to the pressing needs concerning affordable housing and raising the standards of living for many marginalized rural communities still left behind economically. Furthermore the aspect and highly sensitive topic of inclusivity should definitely be addressed to ensure equity and equality is enjoyed by all, irrespective of any form of social discrimination. Namibia's biggest levelling card, is its sparse population of just little over 3 million people, and now having three industrial giants - Uranium, Hydrogen, Oil & gas - that can surely change the socio economic landscape and remove poverty for good.

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Mark your calendars for PwC’s Annual Power and Utilities Roundtable on Thursday, 28 November 2024. Theme: Reigniting hope in Nigeria’s electric power sector. This year’s Power Roundtable addresses the implementation of new policy reforms and NERC orders. The discussions will explore the potential of these reforms to renew optimism in Nigeria’s power sector and their implications for industry players. #PwCPowerRoundtable #PowerInNigeria

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The Nigerian government is exploring partnerships with international oil giants, Chevron and ExxonMobil, in a bid to alleviate the persistent cooking gas shortages and soaring prices. Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said this strategic move aims to bolster the domestic gas supply and provide much-needed relief to Nigerian households. “We have been engaging stakeholders on the domestication of Liquefied Petroleum Gas (LPG) produced in-country by producers, especially Chevron Nigeria Limited (CNL) and Mobil Producing Nigeria (MPN), similar to Nigerian Liquified Natural Gas (NLNG) which has domesticated 100 percent of its Butane production since the year 2022,” Ahmed said at 2024 OTL Africa Downstream Energy Week in Lagos. Credit: @businessdayng #energy #chevron #exxonmobil #cookinggas

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"The Secret of the wealth of nations is clear: Developed nations add value to everything they produce, while poor nations export raw materials." @Akinwumi Adesina African Development Bank Group I have consistently argued that the energy transition must not only align with climate objectives but also yield tangible benefits for Africans. With Africa's vast reserves of strategic minerals crucial for this transition scattered across its countries, coupled with the escalating global demand fueled by the urgency of the energy transition, a golden opportunity arises. This presents African nations with the chance to shift from mere raw material exporters to participants in a high-value, intracontinental production chain. Africa must work for itself, its people not exporting wealth to others. U.S. African Development Foundation (USADF) African Union African Union Development Agency-NEPAD

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