President of the Republic of Senegal meets with Africa Oil and Power (AOP) CEO to discuss next phase of investments
As a part of Senegal’s continued efforts to develop its oil, gas and power sector to boost economic growth, Africa Oil and Power (AOP) CEO, Guillaume Doane has met with President of the Republic of Senegal, H.E Macky Sall to discuss Senegal’s ambitious plans to bring mega oil and gas projects online and attract new operators in the market.
This October Senegal will launch its next Oil and Gas Licencing Round at Africa Oil and Power 2019 Conference and Exhibition in Cape Town. This announcement follows the signing of a co-operation between Africa Oil and Power, Cos-Petrogaz and Petrosen to drive the promotion of this next phase.
Permanent Secretary of COS-Petrogaz, Ousmane N’Diaye thanks H.E. President Macky Sall for his tremendous leadership and sees Senegal “as a well-established energy market and destination for investment.” Believing that during this new investment drive they “look forward to working with Africa Oil & Power on positioning Senegal for a new era of projects and prosperity”.
Senegal has been trailblazing when it comes to its efforts to make generating energy boost economic growth and development, to become a middle-income country by 2035. Senegal’s government aims to do this by focusing on the oil, gas and power sectors following the discovery of massive hydrocarbon reserves, with 8 major oil and gas discoveries following the Plan Senegal Emergent initiative (PSE), 2014. Moving closer to becoming a large-scale oil and gas producer.
“With discovery after discovery, Senegal has distinguished itself as one of Africa’s leading exploration frontiers. Another licensing round is certain to draw interest from a wide variety of operators,” said Guillaume Doane. “Thanks to the leadership of President Macky Sall, Senegal is a prime example of a country making energy work – creating an enabling environment for business to succeed, attracting huge international investments, while providing capacity for local power generation, industry and downstream development.”
Exploration efforts have also gone into growing the offshore sector. Through these and other key projects the national has committed itself to using its petroleum revenue to launch the Institut National du Pétrole et du Gaz (National Petroleum Institute, INPG) – Senegal’s first-ever school dedicated to oil and gas.
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As a result of the implementation of PSE, discoveries and key projects, Senegal has leaped forward in its abilities boasting a 25% power generation capacity and a 64% electricity rate, a big jump from rolling blackout that West African has been prone to.
Click here to register to attend Africa Oil and Power 2019 Conference and Exhibition, Cape Town – October 9th/11th 2019
Image: Africa Oil and Power 2019 Conference and Exhibition
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.