Latest news with #MonedaInvest
Zawya
29-04-2025
- Business
- Zawya
Industry Leaders Call for Stronger Local Business Integration at the Namibia International Energy Conference (NIEC) 2025
As Namibia's energy sector gains momentum, attention is increasingly turning toward ensuring that the nation's resource wealth delivers long-term economic empowerment. At a panel session held at the Namibia International Energy Conference (NIEC) on April 25 – Building Local Business Capacity for Energy Sector Participation – industry stakeholders explored how strategic investments, public-private partnerships and enabling policy frameworks can open doors for Namibian businesses, especially in the oil and gas space. The session featured key voices from across the energy and finance landscape, including Melanie Harrison, Country Leader at Deloitte Namibia; Jorge de Morais, General Manager of Kaeso Energy Services; and Precious Ehihamen, Head of Research and Intelligence at Moneda Invest. Together, they shared insights on bridging capacity gaps, fostering enabling environments and expanding inclusive participation in Namibia's energy boom. 'We brought together a group of experts to examine the process, identify the gaps and frame the issue — with the goal of understanding how local businesses can begin to plug into and benefit from the oil and gas sector across the value chain,' said Oneyka-Cindy Ojogbo, Deputy Managing Partner at CLG, who moderated the panel. 'Namibia needs to build laws and policies that make sense and make entry into the market easier for foreign investors. But also, the country needs to give them the responsibility to deliver,' said de Morais, emphasizing the importance of balancing investment attraction with accountability and local benefit. Deloitte Namibia is playing an active role in local content development through foundational research and strategic advisory. Its Industrial Baseline Study maps the current capabilities of Namibian enterprises and identifies key areas for workforce and business development aligned with the energy sector's evolving needs. Moneda Invest is similarly contributing by championing financial empowerment and SME growth. In collaboration with First National Bank and Ino Capital Investments, the firm recently launched the Local Accelerator program – a targeted initiative aimed at scaling SMEs within Namibia's oil, gas and broader energy sectors. Kaeso Energy Services has positioned itself as a strong advocate for local content through consistent participation in capacity-building platforms such as NIEC and other industry forums. The company supports local businesses in accessing markets, technology and finance – critical components for competing in the energy space. It is also actively shaping policies and partnerships to ensure Namibian firms are well-prepared to win contracts and contribute meaningfully to the country's energy future. As Namibia positions itself as a rising energy hub, such initiatives are laying the foundation for long-term, inclusive growth – ensuring the benefits of the energy transition reach beyond extraction to uplift the wider economy. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
14-04-2025
- Business
- Zawya
Moneda Invest, FNB Namibia, Ino Capital Sign Memorandum of Understanding (MoU) to Empower small and medium-sized enterprises (SMEs) in Namibia
In a strategic move aimed at transforming Namibia's energy sector, Nigerian investment firm Moneda Invest has signed a Memorandum of Understanding (MoU) with FNB Namibia and private equity firm Ino Capital Investments to support and scale local small- and medium-sized enterprises (SMEs) in Namibia's rapidly growing oil, gas and energy industries. The African Energy Chamber ( fully endorses this partnership, viewing it as a prime example of how African institutions and investors must lead the charge in fostering inclusive economic growth across the continent. The MoU formalizes the collaboration between the parties and establishes the Local Content Accelerator program – an inclusive platform designed to empower Namibian SMEs, suppliers and contractors to fully participate in the energy value chain. Central to this transformative initiative is a shared commitment to building a sustainable and dynamic ecosystem for local content development. A key contributor to this milestone, Ejike Egbuagu, CEO of Moneda Invest, has played an instrumental role in realizing this vision. Egbuagu's journey with Namibia began at African Energy Week (AEW): Invest in African Energies – the continent's premier energy event – which brings together African leaders, global investors and energy executives. As a partner of AEW 2024, Moneda has consistently championed the development of local businesses in the energy sector, recognizing Namibia's potential as a future energy hub and committing to support the country's local economic transformation. Moneda's partnership with Namibia also deepened during AEW 2022, when the firm signed a three-year collaboration agreement with Namibia's national oil company, NAMCOR, to share knowledge, enhance skills and unlock investment opportunities for MSMEs within the oil and gas sector. Building on this foundation, Moneda is now taking further steps to invest in Namibia's energy landscape, strengthening its support for local content initiatives and playing a pivotal role in driving sustainable, inclusive growth in the country's burgeoning energy sector. 'We are very honored to sign this partnership with FNB,' Egbuagu stated. 'The truth is that the opportunity we see here is vast – it's huge. However, banks and financial institutions must have an appetite for the unknown. Oil and gas represent the unknown in Namibia. This partnership provides the proper backbone, supported by our experience operating in Nigeria, DRC and other parts of Africa.' The MoU outlines a strategic roadmap for unlocking financing and operational support for SMEs across the energy value chain, from contractors to service providers to logistics firms. The partnership marks a significant turning point – a new phase where African businesses are not only recipients of capital but champions of development. This MoU exemplifies the impact of long-term, strategic investment in African talent and businesses, and serves as a call to action for other African institutions and leaders to invest deeply, remain committed and trust in the continent's potential. As Africa's energy sector continues to expand, the need for effective local content policies, strategies and initiatives becomes more urgent for local job creation and value retention. The upcoming AEW 2025: Invest in African Energies conference, taking place in Cape Town from September 29 to October 3, will highlight how well-designed partnerships can drive SME participation and growth. The event will bring together operators, financiers and investors with local companies, fostering collaboration and strengthening Africa's energy industries. Distributed by APO Group on behalf of African Energy Chamber. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event.
