AFRICA NEWS AGENCY
A foreign investor’s perspective
Pol Palacios, Co-founder and CEO XWells Energy Limited Photo credit RR
«POL PALACIOS THE CHALLENGE IS TO FACILITATE THE MOVEMENT OF CAPITAL, WHICH IS ONE OF THE OBJECTIVES OF THE AFCFTA” In what field and where does your company operate, in the world and in Africa?
for the financial part and in Ukraine, recently, within the framework of industrial and logistic projects.
or highly capitalized independents who lead a space that was once exclusively reserved for large transnational firms.
Our company, XWELLS, is in essence international, since it was founded by partners of 7 countries on 3 continents. For the record, it was dreamed, conceived, assembled and decided in Africa, on an offshore ship off the coast of Angola and in a small living room in Luanda, incorporated in the United Kingdom, then deployed very quickly in Mexico, in Congo, in Southeast Asia
Today we operate as operational and strategic consultants in the energy sector in general, with a strong focus on deepwater offshore oil and gas drilling and production projects and on the financing of innovative energy projects and the transition to sustainable technologies. Our clients are either listed majors, national companies whose technological development we support,
In Africa, our activity, projects and investments are mainly focused on Senegal, Côte d’Ivoire, Ghana, Angola and South Africa, with the intention of using the AfCFTA lever to spread from these countries and deploy cross-border synergies, for example in Mali, which we are currently looking at closely, or in Zambia.
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What are your short, medium
