First Energy Africa Appoints Two Industry Veterans to Board

First Energy Africa Oil Corp., a Calgary-based energy corporation, has announced the appointment of Simon Akit and Frederick Kozak to its Board of Directors, effective July 13th, 2026. The new directors bring a combined 60 years of capital markets and resource industry expertise, signaling a strategic move to strengthen the company's leadership as it pursues exploration and block acquisitions in sub-Saharan Africa. According to the news release distributed via Media OutReach Newswire, the appointments are part of the corporation's commitment to upholding high standards of governance and sustainability.

Simon Akit, founder and managing partner of a resource advisory firm, has over 25 years of experience in Canadian and U.S. capital markets, having raised over $5 billion in equity and debt financing for resource companies. His background includes senior roles at Ventum Financial and Canaccord Genuity, along with seven years of engineering and operations experience. He holds an MBA from the Rotman School of Management and is a Professional Engineer (APEGA). Frederick Kozak, a former oil and gas research analyst at Canaccord Genuity, brings more than 40 years of experience in the resource and capital markets sector, with a focus on Africa and South America. He is an award-winning financial analyst and holds an MBA from the Ivey School of Business, also a Professional Engineer (APEGA) with Lifetime status in Alberta.

President Jeff Ruskowsky highlighted that the new directors' complementary technical and capital markets seniority is essential for the company's complex business. The corporation remains dedicated to responsibly unlocking value across its resource portfolio while maintaining the highest standards of governance. This board expansion underscores First Energy Africa's strategic priorities as it continues to operate in the challenging sub-Saharan Africa energy landscape.