First Energy Africa Oil Corp. ("First Energy Africa" or the "Corporation"), a Calgary-based energy corporation, today 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 experience in capital markets and the resource industry, underscoring the company's commitment to strengthening governance and strategic direction.
Mr. Akit is founder and managing partner of a resource advisory firm, with over 25 years of experience in Canadian and U.S. capital markets and seven years of engineering and operations experience. He has held senior capital markets and leadership 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. He 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.
Mr. Kozak, a former oil and gas research analyst at Canaccord Genuity, is an award-winning financial analyst and corporate executive with more than 40 years of experience in the resource and capital markets sector, focusing on Africa and South America. He holds an MBA from the Ivey School of Business at the University of Western Ontario, is a Professional Engineer (APEGA) with Lifetime status in Alberta, and serves on the boards of one public 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 come as the corporation remains committed to upholding the highest standards of governance and sustainability while responsibly unlocking value across its resource portfolio.
First Energy Africa Oil Corp. is a privately held Canadian corporation pursuing exploration and block acquisitions in sub-Saharan Africa, headquartered in Calgary, Alberta. The addition of directors with deep capital markets expertise is expected to enhance the company's ability to navigate the complexities of resource development and financing in the region.
