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African Refiners and Distributors Association’s (ARDA) Anibor Kragha to Lead Downstream, Regional Connectivity Dialogue

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3 years ago

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Anibor Kragha

Anibor Kragha, the Executive Secretary of the African Refiners and Distributors Association, will return to the African Energy Week conference to drive discussions around the need to amplify investments in downstream infrastructure in Africa

JOHANNESBURG, South Africa, June 26, 2023/APO Group/ — 

As African countries continue to make strides towards advancing energy security in the wake of the global energy crisis, focus has been placed on improving the continent’s refining capacity under efforts to maximize resources and reduce costly imports. In this scenario, the African Refiners and Distributors Association (ARDA) has played a key role in promoting investment and development across the downstream industry, with the organization’s Executive Secretary Anibor Kragha set to drive this very narrative during this year’s edition of the African Energy Week (AEW) conference and exhibition, scheduled for October 16-20 in Cape Town.

For his part, Kragha has played a vital role in driving efficient, economic and sustainable investments across the African downstream supply chain. With a wealth of experience in the industry, Kragha remains committed to ushering in a new era of energy security in Africa on the back of infrastructure developments and intra-African trade. Kragha previously served as COO for Refining & Petrochemicals at the Nigerian National Petroleum Corporation (NNPC). During his tenure, he successfully developed and secured financing for the NNPC’s refineries’ rehabilitation plan and coordinated the kick-off of the Port Harcourt refinery complex rehabilitation project.

Additionally, he served as the Group General Manager, Treasury at the NNPC, managing treasury operations and inter-company funding arrangements while leading the implementation of the Federal Government of Nigeria’s Treasury Single Account initiative across all NNPC Strategic Business Units. Prior to these roles, he spent 12 years at ExxonMobil, gaining expertise in audit, commercial and treasury functions, culminating in his position as the upstream treasurer for ExxonMobil affiliates in Nigeria, overseeing the day-to-day operations of the organization’s treasury function.

The Chamber remain steadfast in our commitment to closely collaborate with ARDA

Under Kragha’s leadership, ARDA has focused on identifying and implementing strategies that enhance the efficiency and sustainability of energy production, refining and distribution processes in Africa. This includes advocating for improved infrastructure, technological advancements and policy reforms that facilitate the development of cleaner and more reliable energy systems. Kragha recognizes the importance of balancing economic growth with environmental sustainability, and he has been instrumental in driving conversations and initiatives to achieve this balance within the African energy sector.

Today, ARDA boasts 74 members, 112 sponsors and partners and represents 52 countries, and as such, is considered to be at the forefront of promoting African energy security and formulating a practical roadmap to transition Africa’s primary energy mix towards a more sustainable, lower-carbon footprint over time.

As such, Kragha will make a significant contribution to this year’s AEW 2023 conference. During his return to the continent’s premier event for the energy sector, Kragha is expected to provide valuable insights and share his expertise in promoting sustainable investments, developing a roadmap for a lower-carbon future and enhancing African energy security. Additionally, he will showcase the latest activities and developments in Africa’s downstream sector, offering a glimpse into the promising opportunities that lie ahead. Given his extensive experience in financing and business, Kragha’s participation at the conference is expected to attract new investment deals to Africa’s downstream sector and foster meaningful relationships with regional and global investors.

“Kragha’s exceptional contributions to both ARDA, coupled with his unwavering dedication to promoting sustainable investments and ensuring energy security in Africa, position him as an invaluable asset within the energy sector. By sharing his wealth of experiences and knowledge, Kragha has the power to ignite profound discussions, foster fruitful collaborations, and inspire transformative initiatives that will shape the future trajectory of Africa’s energy sector, thus paving the way for a sustainable and rich continent,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC), adding that, “The Chamber remain steadfast in our commitment to closely collaborate with ARDA as the organizations works to advance Africa’s energy sector towards an illustrious and prosperous future.”

AEW is AEC’s annual energy event uniting African energy policymakers, companies and stakeholders with global investors and partners to discuss the future of the continent’s oil and gas industry. For more information about attendance, sponsorship or partnership opportunities, visit www.AECWeek.com

Distributed by APO Group on behalf of African Energy Chamber.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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