Meet Leoncio Amada Nze
Leoncio Amada Nze is the CEO of APEX Industries and President of the African Energy Chamber, CEMAC Region. His appointment comes at a strategic time when the African oil markets need leadership and unity to preserve the continuity of oil & gas operations across the industry as oil prices crash and economies suffer during this lockdown. We get a sense of his role at the African Energy Chamber and analyse his thoughts about the future of the industry.
1. Tell us about yourself, your role and the company you work for?
I’m formally known as Leoncio Amada NZE but for those that know me well, I am Leoncio from the city of Malabo. I am the Founder and CEO of Apex Industries, an Equatoguinean Oil and Gas services company based in Malabo, and I am also the President of the African Energy Chamber for the CEMAC Region. My role at the Chamber has purely been to extend their values and ethos to the CEMAC region, as well as focus on key development priorities such as empowering energy investors and advocating for policy reforms.
The African Energy Chamber represents the interests of those that operate in the energy environment and as an entrepreneur in the oil and gas industry, I have come to understand the challenges and day-to-day encounters first-hand which gives me the honour and the skillset to represent an organization that exists to benefit our livelihoods and creates accessibility in the industry. Part of my role is also aimed at identifying the next phase of growth for the African Energy Chamber in the CEMAC region and strategize towards gas monetisation efforts to power industries and create jobs.
How long have you worked with the African Energy Chamber?
My journey with the African Energy Chamber begun a while back but my official appointment is fairly recent. I believe that APEX has already been exposed to a playing field we could have never achieved by ourselves.
What do you value most about your membership with the African Energy Chamber?
Firstly, I must say that the CEMAC region is a well-established petroleum province in Africa and one of the biggest producing regions of oil and gas on the continent. With this in mind, it has allowed me, as the President of the CEMAC region to focus on developing local content and building domestic capacity.
Membership has meant being part of the Chamber’s network and interacting with energy investors, as well as building sustainable relationships. Personally, it has been about doing business with ease in the region and having all the resources that ensure successful partnerships.
Why do you think it is important to be a member of the AEC?
Economic integration and diversification as well as job mobility, are some aspects where the CEMAC region falls short on in comparison to other African regions.
With the influence of the Chamber’s network in the CEMAC region, it will gain more traction and create the next phase of growth. What I have been looking forward to is working with members on high priority issues such as: facilitating business in the region, promoting investments, local content, and capacity building.
Those interested or currently operating in the sector need to join the Chamber because we believe that African companies in the oil and gas industry should be the main players and drivers when it comes to the management of African oil and gas resources. However, this can only be achieved if we work together as African companies and policymakers.
We all understand that the industry has many issues and the role of the Chamber has been dedicated to enforce change in these areas while speaking on our members behalf.
What gives you hope for the future of the industry in your sphere of influence?
We are seeing many African companies and institutions waking up and understanding that they have to be at the centre of decision-making processes across the continent when it comes to the future of business activity.
We need to strengthen that sentiment especially with the younger generation of entrepreneurs. The African oil and gas industry can really play a catalytic role that our continent needs and, take our economies to another level as it has been done in other parts of the world where natural resources have been used wisely and strategically.
What has also been very telling is the current position we are in now – the Covid-19 pandemic has given African countries a second lifeline to correct the past and plan for the future. Hope is inevitable and can be identified during this transition. We must simply act on it accordingly.
What are your predictions for 2021 energy industry in Africa?
The oil and gas industry has been hit like never before which can allow us to conclude that 2020 and 2021 are going to be rather challenging times for our sector; but if companies and government work together in a pragmatic way, the African oil and gas industry can start seeing the light at the end of the tunnel by mid-2021. We can also expect to see opportunities to seed in gas monetisation initiatives which will make our industry more resilient on the other side of the coronavirus pandemic. I welcome all organisations, individuals, and Think Tanks wishing to add their support to our vision and join the Chamber during these unprecedent times.