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GEPetrol Managing Director (MD) Teresa Isabel Nnang Avomo to Lead Investment Dialogue During African Energy Week (AEW) 2023

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3 years ago

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Teresa Isabel Nnang Avomo

GEPetrol Managing Director Teresa Isabel Nnang Avomo has joined the African Energy Week conference as a keynote speaker, where she is expected to lead dialogue around investing in exploration, a drive for local content and advancing women participation in oil and gas

JOHANNESBURG, South Africa, July 14, 2023/APO Group/ — 

African National Oil Companies (NOC) are playing a much larger role in Africa’s energy sector, representing competitive operators and partners in their own right. Companies to the likes of GEPetrol, Equatorial Guinea’s NOC, continue to be instrumental in unlocking the true potential of both on- and offshore energy markets, and are gradually positioning themselves as the energy companies of the future in Africa. This year’s African Energy Week (AEW) conference – scheduled for October 16-20 in Cape Town – is proud to host GEPetrol Managing Director Teresa Isabel Nnang Avomo as a keynote speaker, where she will drive discussions around Equatorial Guinea’s market potential, investment opportunities, the role NOCs play in Africa’s future and strategies for advancing the participation and contribution of women in Africa’s oil and gas industry.

Representing the first female to be appointed Managing Director of GEPetrol, Avomo brings to the position a wealth of experience in the oil and gas industry. Prior to her role as Managing Director, Avomo served as Deputy Director of Operations at the NOC, a role in which she was instrumental in directing and optimizing the company’s upstream operations and business across the entire hydrocarbons value chain. Under her leadership, GEPetrol is well positioned to amplify upstream developments, with the NOC working closely with a series of international energy companies and independents to expand both the domestic and regional energy sector.

Avomo’s appointment at GEPetrol could not come at a better time, both for the company and the country at large. With Equatorial Guinea’s Gas Mega Hub (GMH) – a multi-faceted initiative that aims to monetize regional gas resources, connecting offshore basins to the country’s onshore Punta Europa facility – making progress, the country is consolidating its position as a regional processing hub and major global exporter. Recent agreements under the GMH include a Heads of Agreement signed with Marathon Oil Corporation for the second and third phases of the initiative as well as a cooperation deal inked with neighboring Cameroon for the joint development of shared offshore basins. GEPetrol, alongside its project partners, are also progressing with drilling at both existing and new oilfields with the aim of unlocking new finds and addressing natural declines in legacy fields.

With Avomo at the head of the NOC, we are confident that the country will witness one industry success after another

Notwithstanding upstream progress, GEPetrol continues to be an advocate for local content and regional collaboration. The NOC serves as a benchmark for how other NOCs in Africa can both up-skill and re-skill the local workforce in line with industry demands and social impact. Equatorial Guinea has cooperation agreements in place with Namibia, Nigeria, Cameroon and others, and works closely with its regional neighbors to advance local content and capacity building.

In addition to local content, GEPetrol works to enhance the contributions of women in the oil and gas industry. Avomo’s appointment is both a testament to her skillset and leadership in the industry and to the company’s commitment to improve inclusivity in the oil and gas workforce. As an advocate for women in oil and gas, and a mentor herself, Avomo is bound to play an instrumental part in narrowing the gender gap and ushering in a wave of innovation on the back of gender diversity.

“The AEC is proud to host Teresa Isabel Nnang Avomo at this year’s AEW 2023 conference. We were excited to witness her appointment as Managing Director of GEPetrol and look forward to the work she will continue to do in Equatorial Guinea. Avomo is a true example of the role and need for more women in leadership positions across the African energy sector. Her contributions to both the NOC and the wider market have been invaluable. Equatorial Guinea is on the precipice of realizing its goals of becoming a regional hub and global exporter. With Avomo at the head of the NOC, we are confident that the country will witness one industry success after another,” states NJ Ayuk, Executive Chairman of the AEC.

During AEW 2023, Avomo will lead dialogue around upstream investments, natural gas in Africa, as well as local content and women in energy. Her contributions towards panel discussions, NOC forums and investor summits will not only improve an understanding of the progress and opportunities in Equatorial Guinea’s energy sector but will advance dialogue and decisions around Africa’s energy future.

AEW is the AEC’s annual energy event that unites African policymakers and NOCs with global investors and project developers, under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Market.’ AEW 2023 takes place in Cape Town and is proud to represent the biggest gathering of African energy and petroleum ministers, NOCs and energy companies in Africa. For more information, 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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2 days ago

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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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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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