First Energy Africa Oil strengthens board with appointments of industry veterans Simon Akit and Frederick Kozak - Businessday NG

– New directors bring 60 years of combined capital markets and resource industry expertise

First Energy Africa Oil (“First Energy Africa” or the “Corporation”), a Calgary-based energy corporation, has announced the appointment of Simon Akit and Frederick Kozak to its Board of Directors, effective July 7, 2026.

The appointments reinforce the Corporation’s commitment to strengthening its governance and strategic capabilities as it pursues exploration and block acquisition opportunities across Sub-Saharan Africa. Together, Mr. Akit and Mr. Kozak bring more than six decades of combined experience spanning capital markets, engineering, corporate finance, oil and gas exploration, project evaluation, and resource development across Africa, North America, and South America.

Mr. Akit brings more than 25 years of experience in Canadian and U.S. capital markets and seven years of engineering and operations experience in the resource industry. He has held senior capital markets and leadership roles at Ventum Financial, Canaccord Genuity, among others, and has raised more than $5 billion in equity and debt financing for resource companies from institutional investors across Canada, the United States, Europe, and Asia.