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.