First Energy Africa Oil Corp. ("First Energy Africa" or the "Corporation"), a Calgary-based energy corporation, announced the appointment of Simon Akit and Frederick Kozak to its Board of Directors, effective July 13th, 2026. The appointments bring more than 60 years of combined experience in capital markets and the resource industry, signaling a strategic move to bolster governance and operational expertise as the company pursues exploration and block acquisitions in sub-Saharan Africa.
Simon Akit, founder and managing partner of a resource advisory firm, contributes over 25 years of experience in Canadian and U.S. capital markets, complemented by seven years of engineering and operations experience in the resource sector. He has held senior roles at Ventum Financial and Canaccord Genuity, among others, and has raised over $5 billion in equity and debt financing for resource companies from institutional investors across Canada, the United States, Europe, and Asia. Akit holds an MBA from the Rotman School of Management at the University of Toronto, is a Professional Engineer (APEGA), and currently serves on the boards of several public and private companies.
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 particular focus on Africa and South America. An award-winning financial analyst and corporate executive, Kozak holds an MBA from the Ivey School of Business at the University of Western Ontario. He is a Professional Engineer (APEGA) with Lifetime status in Alberta and currently serves on the boards of one public company and one private company.
"Simon and Fred are bringing complementary technical and capital markets seniority required for our complex business. We are confident their contributions will set the right approach on our strategic priorities," said Jeff Ruskowsky, President of First Energy Africa. The appointments are expected to enhance the board's ability to navigate the challenges of operating in sub-Saharan Africa, where the Corporation focuses on exploration and block acquisitions.
The Corporation remains committed to upholding the highest standards of governance and sustainability as it continues to responsibly unlock value across its resource portfolio. First Energy Africa Oil Corp. is a privately held Canadian corporation headquartered in Calgary, Alberta, Canada.
