Rosalind Kainyah MBE | 5th Africa Oil Governance Summit 2019
Kina Advisory’s Managing Director, Rosalind Kainyah MBE, has been invited by the African Centre for Energy Policy to chair the 5th Africa Oil Governance Summit on the 22nd & 23rd October 2019 in Accra, Ghana. Rosalind will also be facilitating the first panel session addressing the topic of how best countries can add value to the extraction of their petroleum resources through industrialisation.
The theme for this year’s summit is “Optimizing oil and gas resources in Africa: the role of new discoveries in the continent’s development agenda”. Around 300 participants are expected to attend, drawn from the public and private sectors, embassies, academia, think tanks, civil society, development agencies and partners, and local and international media.
A number of African countries are endowed with oil resources, with new discoveries being made. The industry has contributed significantly to exports from and revenues of these countries. However its contribution to sustainable and inclusive economic and social development has not been optimal. One of the main reasons for this failure has been a focus on revenue generation rather than leveraging the wider benefits of the industry to develop other wealth- and job-creating sectors of national economies.
The objectives of the Summit are to:
- Encourage alignment of Africa’s petroleum resource exploitation with the broader development of the continent and its people; and
- Provide a platform for regional consensus building on strategies that must be adopted to promote regional planning for utilizing the continent’s oil and gas resources.
The expected outcomes of the event are to:
- arrive at a consensus on key strategies to promote the coherent alignment of oil and gas resources with the socio-economic development of the continent and on the roles of various stakeholders for a regional approach to maximise the benefits of the oil and gas resources and industry for the continent; and
- To develop a communique setting out the commitments made by participants that will be used to influence policies and investment drives in individual countries.