We mainly team up with asset owners in Nigeria, who have secured access to raw materials and are looking for finance and skilled work force to do the job. We also join forces with international investors, who have difficulties managing the complexity of doing business in West-Africa. Furthermore, we set up investment fonds to create industrial clusters. To balance our portfolio of high-risk investments in emerging countries, we invest in renewable energy projects in Germany.
Marginal Oil Field Development
During 2020, the Government of Nigeria offered oil mining rights for marginal oil fields in a competitive bidding process to indigenous companies. Marginal oil fields are defined as fields within oil blocks that have been discovered and have been left unattended by the oil block owner for more than 10 years. One of the objectives of the bidding process was to give indigenous companies access to oil and gas assets.
Awani & Partners participated in this bidding round as financial partner of several bidders. The bidding process was concluded in June 2022. We are in the process of syndicating funds for successful bidders. Other companies, who successfully participated in the bidding round, are welcome to contact us with proposals for co-operation.
Awani & Partners participated in this bidding round as financial partner of several bidders. The bidding process was concluded in June 2022. We are in the process of syndicating funds for successful bidders. Other companies, who successfully participated in the bidding round, are welcome to contact us with proposals for co-operation.
Funding of Industrial Clusters
"Industrial Clusters" are the modern equivalent of "Co-operative Societies". The idea behind both structures is identical. If companies in the same sector (i.e. farmers) team up and exchange resources they all need (i.e. tractors, workers), their overall costs are lowered, while their profit margins increase. This mechanism applies to any sector. By "clustering" industries, cost reducing effects are achieved.
Awani & Partners has entered into an agreement with the National Cooperative Financing Agency of Nigeria (CFAN) to set up investment funds for "Clusters". We refer to the investment funds we structure for co-operative societies as "Springboard Projects". Members of co-operative societies or entrepreneurs, who are looking for finance based on a "Cluster-Model" are welcome to send us a proposal.
Awani & Partners has entered into an agreement with the National Cooperative Financing Agency of Nigeria (CFAN) to set up investment funds for "Clusters". We refer to the investment funds we structure for co-operative societies as "Springboard Projects". Members of co-operative societies or entrepreneurs, who are looking for finance based on a "Cluster-Model" are welcome to send us a proposal.
NNPC Biofuel Automotive Programme
Awani & Partners in collaboration with 3D Hitech Systems Limited, acts as a core-investor for the Nigerian National Petroleum Corporation (NNPC) regarding the implementation of Nigeria's Biofuels Industry Programme. This programme should prepare the country for a transition from hydrocarbons to renewable energy.
3D Hitech Systems Limited is in the process of forming a Joint Venture Vehicle with NNPC, which should set up agro-industrial clusters throughout Nigeria. NNPC is the vendor of this project. It has selected 3D Hitech Systems Limited in a competitive bidding process as one of the indigenous companies with the necessary network to drive the energy transition process in Nigeria. Awani & Partners will participate in the Joint Venture Company as a shareholder through a special purpose vehicle.
3D Hitech Systems Limited is in the process of forming a Joint Venture Vehicle with NNPC, which should set up agro-industrial clusters throughout Nigeria. NNPC is the vendor of this project. It has selected 3D Hitech Systems Limited in a competitive bidding process as one of the indigenous companies with the necessary network to drive the energy transition process in Nigeria. Awani & Partners will participate in the Joint Venture Company as a shareholder through a special purpose vehicle.
NNPC Greenfield Refinery Limited
Awani & Partners in cooperation with 3D Hitech Systems Limited is participating in the implementation of the "Oben Condensate Refinery", which has been initiated by NNPC. The project aims at securing Nigeria's demand for refined petroleum products.
3D Hitech Systems Limited has been cleared as a potential investor. Awani & Partners will participate in this Joint Venture as a shareholder through a special purpose vehicle.
3D Hitech Systems Limited has been cleared as a potential investor. Awani & Partners will participate in this Joint Venture as a shareholder through a special purpose vehicle.
Energy Buffers in Germany
During 2021, Awani & Partners developed a business model called "Traffle" in collaboration with Globe Commodities International GmbH (Germany). Traffle aims at providing electricity from renewable energy sources in a decentralized manner. If you are based in Germany and are looking for a solution to store your excess solar energy, contact us for more information or visit the traffle.net website.
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