Author NJ Ayuk aims to revitalize African economies and
bring power to African households in his book Billions at Play: The Future
of African Energy and Doing Deals.
African economies are undergoing a transformative period
within the energy sector. This could be good news for the people and industries
of Africa.
Ayuk sets a straightforward plan for Africa to benefit from its
own natural resources. African leaders must utilize these bountiful resources
in a sustainable manner to position their countries as the global leaders of
the future.
There is expert consensus in believing the answer to
Africa’s utility troubles can be solved – Ayuk is spot on. Dr. Thabo Kgogo
endorses NJ Ayuk’s book, Billions At Play: The Future of African Energy.
Kgogo is the former CEO of Efora Energy Limited (formerly
SacOil). Kgogo has an extensive background in African energy and has served as
interim CEO of a large construction and infrastructure company, Group Five
Limited. Additionally, Dr. Kgogo was Vice President of Operations for PetroSA,
South Africa’s national oil company.
In his endorsement, Kgogo says:
“Ayuk advocates
for unbundling the vertically integrated utility monoliths, which is not only
the logical solution, it has been proven in countries all over the world. Ayuk calls it
like it is. For example, not everyone is willing to assert that Africa will
never achieve its full potential if it cannot power its industries, services,
or households. He also makes it clear that the state-run utilities are so
saddled by debt they can barely recover their operating and capital costs, much
less make the kinds of infrastructure investments needed to bring electricity
to the continent.”
Africa must provide
power to its industries and society. The power lies within the people.
Kgogo adds, “In example after example, he [Ayuk] shows how utilities across Africa have successfully unbundled and privatized. The result has been increased generation capacity and given more people access to electricity. Ayuk believes that the majors need to begin thinking of themselves as energy companies and act accordingly. That means no longer simply extracting oil and natural gas, but harnessing Africa’s ample wind and solar resources then turning it into energy for the Africans. I couldn’t agree more with his position.”
During
his tenure with SacOil, Kgogo called for government policies that would help
support a thriving natural gas industry in South Africa as well as a departure
from the centralized model of power generation.
Kgogo says, “Ayuk believes that the majors need to begin
thinking of themselves as energy companies, and acting accordingly. That means
no longer simply extracting oil and natural gas, but harnessing Africa’s ample
wind and solar resources then turning it into energy for the Africans. I
couldn’t agree more with his position.”
Billions
At Play
identifies the issues within African energy and provides clear solutions. In
it, Ayuk offers a detailed roadmap which is precisely what Africa needs to spur
economic growth, global independence, and a high quality of life for all
Africans.
Ayuk
is recognized as one of the foremost figures in African Business today. He is
the founder of Centurion Law Group, Founder and Executive Chairman of the
African Energy Chamber and also the author of Big Barrels: African Oil and
Gas the Quest for Prosperity.
Billions
At Play
is available for Pre-order on
Amazon.