Treepz,Octamile Unveil Insurance Program For Travelers In Africa

Mohammed Shosanya

Treepz, Africa’s leading car-sharing marketplace, is thrilled to announce its groundbreaking partnership with Octamile, Africa’s foremost insurtech startup, to introduce Treepz Care.

This innovative insurance program revolutionizes travel and mobility across the continent, offering comprehensive coverage and peace of mind to Treepz’s vibrant community of guests and hosts.

Insurance is a crucial factor in the car rental industry, influencing travellers’ decisions significantly. According to a study by the Insurance Information Institute, 62% of respondents consider insurance coverage when choosing a car rental service.

Treepz and Octamile have been diligently working on this project for several months, with the Octamile team playing a pivotal role in making Treepz Care a reality.

Treepz Care encompasses various insurance services tailored for both guests and hosts, including:guest, host protection and comprehensive insurance.

Travel and tourism are pivotal industries in countries like Nigeria, Ghana, Uganda, and Kenya. Car rental services are essential for empowering tourists and travellers to explore these diverse regions with confidence:

Kenya, renowned for its wildlife and national parks, attracted over 2 million international tourists in 2022.

Ghana’s tourism sector contributed approximately 6.8% to its GDP in 2021.

Uganda, with its rich natural attractions, continues to witness a significant rise in tourism arrivals.

Nigeria, Africa’s most populous country, has a burgeoning tourism sector with immense potential for car rental services.

Treepz stands as the only car-sharing marketplace to deploy embedded insurance for car rentals at this scale on the continent. Its dedication to building the largest car-sharing and rental marketplace in Africa is unwavering, and it remains committed to innovating solutions for the travel industry and its related sectors. Treepz Care exemplifies this commitment and its promise to prioritize its customers’ needs.

Onyeka Akumah, CEO of Treepz, expressed his enthusiasm for the partnership, stating, “We are witnessing immense growth in the travel and mobility sectors as more people seek to explore places both near and far and as they embrace flexible means of transportation in response to changing lifestyle demands.

Its goal is to build Africa’s largest car-sharing marketplace for car rentals, and at the heart of this innovation is its commitment to safety, which includes comprehensive insurance coverage for both guests and hosts. We are delighted to partner with Octamile, a company that has established itself as a leader in the digital insurance industry over the years, to introduce Treepz Care, its insurance program designed for the users of its marketplace—both guests and hosts.”

The partnership between Treepz and Octamile represents a significant milestone in the travel and mobility industry, aligning with the evolving needs and preferences of consumers. Treepz Care, aptly named to reflect its customer-centric approach, is a testament to Treepz’s unwavering commitment to safety and innovation.

Gbenro Dara, CEO of Octamile, shared his thoughts on the collaboration, stating, “Collaborating with Treepz, Africa’s largest ride-sharing marketplace, is a source of pride for us. Together, we are dedicated to providing comprehensive protection for Treepz Hosts and Guests in Nigeria, Ghana, Kenya, and Uganda. This partnership exemplifies our shared commitment to ensuring safety and peace of mind for Treepz users and furthers its mission to protect the customers of Africa’s largest digital companies.”

Moniepoint Makes CB Insights’ Fintech 100 List

Mohammed Shosanya

Africa’s digital financial services provider,Moniepoint Inc,has announced its listing in the sixth annual CB Insights’ Fintech 100 ranking (previously the Fintech 250), showcasing the 100 most promising private fintech companies of 2023.

CB Insights is regarded by top industry analysts as the most trusted source for technology market insights.

The Fintech 100 includes a mix of companies at different stages of maturity, product development, and funding. The cohort has raised nearly $22B in equity funding across 381 deals since 2019.

Utilizing the CB Insights platform which fuses machine learning, algorithms, data and visualizations, the research team selected these Fintech 100 winners from a pool of more than 19,000 private companies, including applicants and nominees.

These companies were chosen based on factors, including equity funding, investor profiles, business relationships, R&D activity, news sentiment analysis, competitive landscape, and proprietary Mosaic scores, as well as criteria such as tech novelty and market potential.

Tosin Eniolorunda, Group CEO of Moniepoint Inc, said:“We are honored to be recognized by CB Insights as one of the top 100 fintech companies of 2023. This listing validates our unwavering commitment towards powering dreams and driving financial happiness for everyone. It is also a strong reflection on our momentum in terms of growth, innovation and making a real difference in the marketplace.

“Our team has worked tirelessly to deliver innovative solutions that empower individuals and businesses across Africa with accessible, efficient, and secure digital financial services. This recognition is testament to our efforts in enhancing financial inclusion and transforming the lives of millions across the continent.”

Moniepoint Inc which has been named as Africa’s second fastest-growing company by the reputable Financial Times servicing over 1.7 million businesses, and helping them process over $100 billion in 2022.

Representing 24 different countries across the globe, this year’s Fintech 100 is shaping the future of real-time payments, spend management automation, embedded finance, and more,” said Chris Bendtsen, Lead Fintech Analyst, CB Insights. “Together, they are not only increasing the pace of innovation, but launching new products and features to revolutionize the industry as a whole. I cannot wait to see what this cohort accomplishes next.”

Nigeria Needs Urgent Action To Secure Gains From Gas-NLNG

Mohammed Shosanya

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, has said that Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas.

He said this during the visit of the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, to the NLNG plant on Bonny Island, Rivers State.

The Minister was received by Dr. Mshelbila; Nnamdi Anowi, General Manager, Production; Andy Odeh, General Manager, External Relations and Sustainable Development and other management staff.

Briefing the Minister on NLNG’s operations and business, Dr. Mshelbila emphasized the need to overcome the challenges within Nigeria’s energy sector.

He stated that failure to address the root causes of these issues would perpetuate the country’s struggle with energy poverty and result in a significant loss of revenue from the monetisation of valuable resources.

He stated further that a pivotal starting point for remedying these industry challenges lies in a concentrated effort on the gas sector.

He added:“As we embark on the journey to complete Train 7, we are on the precipice of achieving a remarkable milestone – a capacity of 30 Million Tonnes Per Annum (MTPA). This accomplishment will not only position us as one of the largest single-site operations globally but potentially among the top three worldwide in terms of such capacity at a single site. It is an achievement that elevates Nigeria’s standing, placing us among the top six nations in this crucial industry.

“However, the world is evolving at an unprecedented pace, and recent events, such as the Russian/Ukraine conflict, have ushered in a wave of new developments in the LNG sector. This surge in activity underscores the robust demand for liquefied natural gas, a demand recognized by nations worldwide as integral to the global energy transition. Considering these dynamic changes, our position in the rankings is likely to shift rapidly, as other countries make substantial investments in LNG production. This is why we believe it is important for us to conclude Train 7 and begin to look beyond that for further expansion.

“Today, the biggest challenge we have, one that poses a threat not only to our existing operations but also to our expansion plans, is feed gas supply. Trains 1 to 6 currently operate at roughly half their potential capacity, a situation that has persisted for some time. The main issue behind the challenge is crude oil theft which affects associated gas supply.

“The plant is half-full, not because we don’t have the capacity but because the feed gas is not there. We have aspiration for Train 8 but we cannot progress that work because we have no line of sight as to where that gas will come from. We believe that the gas can only come from deep water gas but the terms for that must be addressed. At present, the Production Sharing Contracts (PSCs) that govern deep-water exploration do not offer commercially viable terms for producers.

“Our commitment to harnessing the immense potential of natural gas will not only restore Nigeria’s reputation as a major energy powerhouse but also propel us towards a cleaner, greener future. With innovation, collaboration by a wide array of stakeholders, including the government, and unwavering determination, we can shape the energy landscape of tomorrow, driving economic prosperity, creating jobs, and mitigating environmental challenges through gas,” he said.,” he said.

In his response,Hon. Ekpo, said the Federal Government will continue to encourage engagements amongst stakeholders to resolve gas supply and security issues and restore plans to compete with peers in the world. He stated that NLNG stand as a leading light to the Nigeria’s quest to become an energy-efficient country where clean energy, including gas, utilised.

He stated that all hands must be on deck to stop the loss of revenue in the sector and missed opportunities, adding that the Federal Government is engaging with investors to tap into the huge gas reserves in Nigeria.

“The development of gas is something we should pursue vigorously. The present administration will do everything possible to address the issues. I am glad that the stakeholders in the sector, like NLNG, are not laid back. They are constantly seeking ways out of this issue. NLNG needs all the necessary encourage to expand. It is for the good of this country. We must be quick to make these gains in development for the benefit of our future generations,” he stated.

War: Lagos Stops Airlifting Of Christian Pilgrims To Israel

Mohammed Shosanya

The Lagos State Government has suspended airlifting of the second batch of intending pilgrims to Israel on account of the ongoing war between Israel and Hamas

The Board Secretary of the Lagos State Christian Pilgrims Welfare Board (LSCPWB), Mrs. Florence Gbafe,who conveyed this in a statement on Monday,said the decision was due tokeen observation of security situations in Israel.

She said,the LSCPWB and the Nigerian Christian Pilgrims Commission (NCPC) will announce a new date for the airlifting of the second batch of the intending pilgrims in due course.

She regretted any inconvenience the suspension might cause, adding that the intending pilgrims would be duly informed of developments about their journey to the Holy Land.

She said: “To all on the second batch of pilgrimage to Israel, kindly note that the pilgrimage is now on hold due to the war situation in Israel. Further information will be communicated as and when due please.”

She maintained that the Lagos State Government and the federal government would continue to prioritize the safety of all pilgrims to the holy land and will not expose Nigerians to any situation that will put their security at risk.

How Fuel Subsidy Removal Saved NNPC From Bankruptcy-Kyari

Mohammed Shosanya

The Nigerian National Petroleum Company, NNPC Limited would have been long bankrupt if the federal government didn’t remove fuel subsidy, the Group Chief Executive Officer of the NNPC Limited,Mallam Mele Kyari has said.

Kyari spoke on Monday while addressing the theme: ‘Petroleum Downstream Deregulation and Gas Utilization’ for a sustainability energy future in Nigeria’, at the opening ceremony of the PENGASSAN Energy and Labour Summit, tagged PEALS 2023, holding in Abuja.

According to him,the law providing for subsidy effectively ended in 2022, but even though the National Assembly made extra budgetary provisions to support till June, nothing was paid forcing NNPC Limited to shoulder the burden single handedly to extent that it was fast heading towards bankruptcy before President Tinubu intervened.

He added:”The law was very clear, that starting from the 17 of February, 2022 there can be no possibility of having subsidy on PMS. And that the market should determine the price, that the state should take every step possible to protect the consumers from the issues come with market price of petroleum products.

“But the last National Assembly in its wisdom made provision for subsidy to Carter from February 2022, to 2023 in the budget, not a single Kobo was paid into into NNPC for the purpose.

“And I can tell that since 2022 when that provision was made until the 29th of May, 2023, not a single Naira was paid to the NNPC Limited as cost of subsidy. That means we were carrying it entirely on the balance sheet of the NNPC”.

“The value of subsidy was seen exceeding N400 billion in a month, the NNPC Limited’s fiscal obligations could not cover subsidy, so we were heading towards what you could technically call the bankruptcy of the NNPC.

“By end of June 2023 we would have been in negative cash flow. NNPC would have been bankrupt if that decision was not taken by the President”.

According to him, even though there was absence of credible data for fuel consumption in the country, evacuation records are well known and the realities is that volume evacuation from the depots declined by 30 per cent as a result of the removal of fuel subsidy.

He noted that subsidy had done nothing but stiffles the growth of the downstream sector of the petroleum industry in the country.

“If there was one thing that stiffles growth of the downstream sector of the petroleum industry it is the existence of subsidy. That is the realities. As at today, there are close to 25 licenses to create refineries, build and operate refineries but nobody could take because as long as you do not have certainty around pricing and crude to pay for that differences no one can take.

“And as long as you have arbitrage, once there is a price differential between one location and another that is substantial, there is no way you can control fraud of all forms. It is impossible. And people will do everything possible to load products between locations. Whatever it is whether it is drugs or petroleum products. People will cut corners as long as market forces determine the price”.

He further disclosed works are underway to ensure that in 2024, Nigeria will become a net exporter of petroleum products.

Comrade Festus Osifo, PENGASSAN President,in his remarks noted that the theme of the (PEALS) 2023 summit: “Petroleum Downstream Deregulation and Gas Utilization for a Sustainable Energy Future in Nigeria” was carefully chosen given the multifaceted challenges and opportunities inherent in the nation’s energy sector vis a vis the global energy demand, to illuminate the path towards a sustainable energy future for Nigeria and by extension Nigerians.

According to Osifo, over the next three days, PENGASSAN will engage in enlightening discussions, sharing nsights, and formulating strategies to address critical issues such as divestment, PMS subsidy removal, and the place/role of the ever-ready Nigeria workers in the oil and gas industry and its concomitant value chains.

“We are witnessing a significant shift in the landscape of the energy sector in the country, marked by the divestment actions of companies such as Mobil Producing Nigeria, Nigeria Agip Company, SPDC, and others, which has impacted the presence of international oil and gas companies in Nigeria”.

The PENGASSAN President said the removal of subsidy and the current state of the nation’s refineries are of paramount importance which are touching the lives of every Nigerians.

Building To Last: Nurturing Excellence And Crafting Future African Leaders At United Bank For Africa

By Tony Elumelu

Some moments resonate as profoundly remarkable in life, where dreams are born from humble beginnings and transformed into extraordinary realities.

As I stood before 700 UBA graduate trainees, drawn from across Africa, I thought of the long journey that brought me to where I am today. A journey that began with the same vigour, dedication, and hope that I saw in these young Lions and Lionesses.

I had the privilege of having my one-on-one induction session with UBA’s new graduate trainees on Tuesday. I love these sessions, as I eagerly anticipate interacting with the brilliant minds, that become part of our UBA-Tribe.

I, too, started my career as a trainee many years ago, equipped with little more than ambition, a thirst for knowledge, and an unwavering commitment to excellence. I walked that same path as these bright minds, who have now become part of Africa’s Global Bank. Countless challenges and triumphs have marked the way from that moment to this day, each contributing to the story that brought us together.

In these sessions, I make it a point to share fragments of my journey, detailing my processes, highlighting my triumphs, and even discussing my lowest moments.

This practice isn’t just a personal reflection; it’s a conscious effort to ensure everyone can learn from the dedication and hard work that has marked my career. Through these personal stories, bonds are forged, and lessons are imparted.

This ethos of transparency and shared learning is central to my approach and symbolic of the values that drive UBA’s success. As an institution, every stage of one’s career should be marked by growth, mentorship, and the continuous pursuit of excellence.

This same excellence has driven me throughout my career – a vision of creating a bank for all, a bank for Africa and an environment where talent is nurtured, dreams are realized, and excellence is celebrated. It is a vision that has inspired me to create a world class trainee programme, that will nurture future leaders, who mirror the passion and dedication I demonstrated as a trainee myself.

But beyond nurturing future leaders, the UBA GMAP – our bespoke graduate trainee programme, is making significant strides in addressing critical societal issues.

The experience reinforced to me the criticality of institution building. In front of me were a generation of new leaders. UBA has created a six-month programme, identifying the best and brightest young men and women from across Africa. We have invested in and equipped our youth. We have done well and done good.

Our example illustrates why my management strategy and philosophy also address our common African future.

1. Addressing the issue of unemployment through Job Creation

The UBA Graduate Trinee Programme goes beyond its primary goal of nurturing future leaders; it also plays a vital role in addressing the pervasive curse of unemployment across the African continent.

Youth unemployment remains a significant challenge, and UBA actively contributes to the solution. The Group is creating real, tangible jobs for young Africans by providing opportunities through this programme. These jobs not only benefit the individuals involved, but also positively impact our immediate environment and stimulate the economic growth of our continent’s economy.

2. Creating opportunities for and Investing in Young Africans

UBA’s commitment to developing and empowering young talent is a response to the pressing need for opportunities on our continent. GMAP is designed to identify and nurture the potential of young Africans, giving them access to training, mentorship, and real-world experiences essential for their personal and professional growth. It is building to last.

By investing in these young minds, UBA is shaping the banking industry’s future and offering hope and prospects to a generation of African youth eager to contribute to their communities and the broader society.

3. UBA – A Bank for All Ages

The UBA GMAP is compelling evidence that UBA is for all; we are a dynamic and forward-thinking institution dedicated to youth development, which is an integral part of our identity as Africa’s Global Bank.

By investing in the younger generation, we continue to affirm that we are leaders and role models in fostering innovation, diversity, and inclusivity in the financial sector.

I am filled with pride in the UBA Executive Management team and gratitude as I witness this dream of a world-class trainee programme come to life. A programme that represents the culmination of years of hard work, determination, and unwavering belief in the potential of our future leaders.

A total of 107,310 young Africans applied for the programme. After a rigorous selection process, we shortlisted to 47,639. The banking school kicked off with 775 trainee and we successfully graduated 666 young Africans eager to conquer.

This programme is a testament to the incredible journey that each graduating member will embark upon – a journey of growth, learning, and transformation.

To the new members of the UBA Tribe, your journey, much like mine, will be filled with moments of challenge and triumph, and each experience will contribute to your growth. Embrace these opportunities as steppingstones toward your extraordinary reality.

Embark on this journey with both eyes open to the opportunities and challenges ahead and the understanding that we are here to support and empower you every step, just as I have been fortunate to have mentors who shaped my path.

Your dedication, hard work, and pursuit of excellence will shape your future and the future of UBA and the financial industry.

Welcome to the beginning of your remarkable journey.

ASP Drambi Vandi To Die For Killing Lagos Lawyer

Mohammed Shosanya

A Lagos State High Court sitting at the Tafawa Balewa Square annex, at Igbosere has convicted and sentenced the suspended Assistant Superintendent of Police (ASP), Vandi to death by hanging, for the murder of Lagos-based lawyer, Omobolanle Raheem.

Justice Ibironke Harrison held that the prosecution, the Lagos state government, had established the case against the suspended officer beyond all reasonable doubt.

The judge held: “The court finds the defendant guilty on one count of murder. You will be hanged by the neck till you are dead.”

Vandi was charged ti court on January 16,for shooting to death the 41-year-old pregnant lawyer at the Ajah underbridge checkpoint on December 25, 2022.

He faced a one-count charge of murder contrary to Section 223 of the Criminal Law of Lagos State, 2015.

NUPRC To Stop Crude Oil Theft With Advanced Cargo Declaration Regime

Mohammed Shosanya

The Nigerian Upstream Regulatory Commission (NUPRC) has launched Advanced Cargo Declaration regime in upstream petroleum operations to arrest oil robbery and curtail export of stolen crude oil in Nigeria.

It also disclosed plans to reactivate shut-in wells as part of initiatives to increase oil and gas production in the country.

Mr Gbenga Komolafe, the Commission Chief Executive of NUPRC, announced this at the NAEC Annual International Strategic Conference 2023, organised by the Association of Energy Correspondents of Nigeria (NAEC) on in Lagos.

Komolafe,who was represented by Mr Abel Nsa, Head of the National Oil and Gas Excellence Centre (NOGEC) Department, NUPRC, said the initiative aims at ensuring that crude oil and gas cargoes exported from Nigeria have a unique identifier that confirms all documentation as regards the exported consignment.

‘‘This implies that any cargo without the unique identifier becomes tagged as illegitimate. “This, by no small measure, enhances transparency in our export operations.

He added that NUPRC had deployed key resources to the Special Investigative Unit of the Commission to forestall any cases of sharp practices by operators in the sector.

‘‘Over the next few months, we are positive that we shall record a marked increase in our national oil and gas production volumes.

“Quick-win strategies such as our aggressive drive to reactivate shut-in and declining wells will boost production prior to the onset of more long-term initiatives like operations from the new Marginal Field awardees.

Besides,the commission is working alongside security operatives to bring a halt to the menace of crude oil theft, which has over the years contributed to a huge loss of production,” he said.

He added that the agency had begun the implementation of the Drill or Drop Provision with a comprehensive review of assets which had been undeveloped by operators.

Such assets, he said, would be placed in a basket and then offered to willing and qualified investors with the capacity to explore, develop and produce the block(s) or field(s) in a timely, efficient, safe, and environmentally friendly manner.

He stated that the ongoing mini bid round for seven Deep Offshore Petroleum Prospecting Licences (PPLs) would boost the nation’s reserves as well as bring about anticipated benefits to the nation and other stakeholders.

On reduction in unit cost per barrel and revenue, he explained that the Commission is committed to ensuring a significant reduction in the cost of doing business in the upstream petroleum industry.

‘‘Following an in-depth comparative analysis between the Unit Operating Cost (UOC) in Nigeria and those obtainable in other climes.

“We have commenced the development of cost studies and benchmarks to ensure an improvement in the cost efficiency of our upstream petroleum operations, in accordance with Section 8 of the Petroleum Industry Act 2021.

The NUPRC has also began a review of all Crude Handling Agreements (CHA) with a view to entrenching openness and competitiveness, thereby reducing the cost of production while increasing government revenue from the sector

It is noteworthy that in the year 2022, using the strategies listed above, the Commission outperformed its revenue collection target by 18.3 per cent,’’

Komolafe maintained that the Commission had stepped up efforts toward transparency in the sector and that transparency in hydrocarbon accounting was essential in ensuring maximum value derivation by the government and stakeholders.

How To Reduce Energy Transaction Costs In Africa-Sahara Group

Mohammed Shosanya

Tolulope Fadipe, Assistant General Manager, Legal, Sahara Group has said that building in-house capacity can help energy companies in Africa lower transaction costs arising from legal fees.

Fadipe,who spoke at the Afreximbank Trade Finance Seminar (ATFS2023) in Lagos last week, said bespoke training and stretch programs with reputable law firms can facilitate knowledge acquisition and enhance technical abilities required for complex transactions in the continent and beyond.

According to him,having in-house lawyers and personnel with a full grasp of the legal dimensions of transaction complexities remained the “best shot” for helping companies reduce legal costs.

“Full participation of company lawyers in strategy development and execution of transactions has to be the way forward when you are looking to reduce legal costs. Energy firms and companies need to be intentional about growing wide and varied, across-the-board capacity for various energy projects and transactions,” he said.

He said,in-house transaction strategy review and negotiations, leveraging technology and deploying virtual transaction processes can also help reduce legal costs incurred by organizations in executing projects.

“At Sahara Group, we continue to give our people platforms to grow capacity to support our upstream, midstream, downstream, power, and technology business operations across Africa, Asia, Europe and the Middle East. This has resulted in significant cost savings and overall value addition to our operations,” he added.

Fadipe said some of the major drivers of legal costs in finance transactions in international jurisdictions include regulated solicitors’ charges in the jurisdiction of the transaction, travel costs incurred by external counsel in carrying out Due Diligence and other aspects of the transaction, complexity/value of the transaction, availability of competent legal counsel in the jurisdiction of the transaction, and bilingual services, among others.

“Right from the point of hiring, it is essential for energy firms to be intentional about talent acquisition into the in-house legal team and also adopt a robust capacity building strategy to support regional and international transactions,” he added.

FG Collects $1.36bn From Shell Companies

Mohammed Shosanya

Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCO ) paid $1.36 billion as corporate taxes and royalties to the Federal Government of Nigeria in 2022.

Announcing this in Shell Briefing Note 2023,obtained by Premium News,the two companies paid $79.77 million to the Niger Delta Development Commission (NDDC)while contracts worth $ 1.9 billion were awarded to Nigerian registered contractors.

The companies committed to supporting AllOn to the tune of $200 million as a renewable impact investment during the period in view.

These companies also provided funds for All On for the expansion of DART program. There was another commitment of $23 million for investment in renewable energy to be paid to AllOn Energy Company.

On the investment in the education sector, 3,500 University grants were disbursed and 990 cradle-to-career scholarship grants were awarded by companies including Shell Nigeria Gas (SNG) since 2016.

Besides,the companies also assisted Lagos and Bayelsa States with educational infrastructure projects worth about $15 million.

The companies announced that,over 92, 000 people have so far benefited from the company’s Community Health Insurance scheme since 2010.

The direct and social investment made by both SPDC, SNEPCO, and SNG in 2022 was put at $ 34 million just as $106 million was disbursed by SPDC JV to communities through the Global Memorandum of Understanding (GMOUs) since 2017.

There were 220 Nigerian beneficiaries of the Shell Live Wire entrepreneurship program. There are 2,500 employees in shell companies, 97 percent of them are Nigerian nationals. In addition to this, about 10,000 contractors are supporting the operations of these companies.

Shell donated $1 million to support victims of the devastating flood that occurred in 2022.