Realtize-A regulated digital asset platform signed an MOU with Africa Fortesa Corporation.
Fortesa corporation, an oil extraction company headquartered in Senegal, Africa, has signed an MOU with Realtize, the two parties have reached a consensus on promoting the development of the natural gas extraction industry in Africa and promote the utilization rate of global renewable energy.
【Senegal-Digital Economy】
After Tunisia, Senegal recently joined the national digital currency issuance team and became the second country to issue digital currency. This blockchain-based digital currency is called eCFA and enjoys the same legal status as the country’s official currency, the CFA Franc. It collaborates with the government, Senegalese Central Bank (BRM), and eCurrency Mint Limited (eCurrency Mint Limited).
It is worth mentioning that the American rapper Akon, who was nominated by Grammys, announced that he will spend 6 billion US dollars to establish a “realistic version of Wakanda” in Senegal, bringing the fictional and wealthy African countries in the Marvel universe to reality and named it “Akon City.” It is reported that the Akon City community will only use its unique digital currency, “Akoin.”
【About Africa Fortesa Corporation】
Africa Fortesa Corporation is headquartered in Senegal, Western Africa. It has abundant natural gas and oil resources, and its oil reserves are more than 50% larger than expected. In between, Senegal has become one of the countries with the fastest economic growth in the world.
Africa Fortesa Corporation (AFC) was founded in 1997 by Mr. Rogers Beall. He has more than 45 years of work experience in the field of oil extraction. Before entering the oil and gas industry, Mr. Beall held a key-man position for some years serving NASA’s Main Computer Center for Rocket testing and design (during the Apollo & Skylab Programs) in Louisiana.
AFC is composed of three subsidiaries:
1) Fortesa International -the only natural gas acquisition company in Senegal.
2) Africa onshore drilling-the only large onshore drilling company in Northwest Africa, headquartered in Senegal, currently employs more than 130 people.
3) Senegas-the only pipeline company in Northwest Africa that transports natural gas from the interior of Senegal to the Senegal metropolitan area.
【Fortesa’s development prospects】
Fortesa has laid a strong foundation for Senegal to become an emerging producer of renewable energy. Before EU and NA surveyors conducted surveys of Senegal’s underground, Mr. Rogers Beall, the founder of Fortesa, believed in Senegal’s massive oil and gas potential. According to data from the International Monetary Fund (IMF), between 2014 and 2017, Senegal discovered 40 trillion cubic feet of natural gas reserves. This series of renewable clean energy discoveries have made Senegal a hot spot for energy investment in West Africa in recent years.
Realtize, as the pioneer of digital investment in the United States, provided issuance and fundraising for the development of three of Fortesa’s reserve natural gas wells. According to historical data and oil NPV indicators, the return rate on investment of the project will be as high as five times or more. At the same time, Fortesa is optimistic about the development of digital assets. Therefore, the two parties have unanimously signed MOUs (Memorandums of Understanding) for cooperation in more directions.
【About Realtize】
Realtize is building the next-generation digital investment platform that helps traditional investors participate in regulated digital asset investment.
