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Société Nationale des Pétroles du Congo’s Managing Director to Present Congo’s Energy Prospects at African Energy Week 2023

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African Energy Week

Maixent Raoul Ominga, Managing Director of the Société Nationale des Pétroles du Congo, will speak at this year’s edition of African Energy Week

JOHANNESBURG, South Africa, August 1, 2023/APO Group/ — 

Managing Director of the Republic of Congo’s national oil company (NOC), Société Nationale des Pétroles du Congo (SNPC) Maixent Raoul Ominga has been confirmed as a speaker at the upcoming African Energy Week (AEW) conference and exhibition. Scheduled to take place on October 16-20 in Cape Town, Ominga will also lead discussions at the Congo Country Spotlight during the event. AEW will provide a platform for Ominga to demonstrate SNPC’s commitment to responsible oil and gas exploration and production and rump up investments into the country’s promising energy industry.

Holding significant potential, Congo’s oil and gas industry, led by SNPC has been a pioneering force in West Africa. With substantial proven reserves of approximately 1,811 million barrels and 284 billion cubic meters of gas, the nation stands as a major player in Africa’s oil and gas industry.

SNPC is actively pursuing a comprehensive energy strategy to propel Congo’s energy sector into a new era of growth and sustainability. Several key initiatives are at the forefront of this endeavour, including increasing LNG production, economic and energy diversification, the Gas Master Plan, partnerships and much more.

The state-run company actively collaborates with international oil companies (IOCs) such as TotalEnergies, Chevron, Perenco and Eni, which actively participate in the country’s upstream sector. Independent companies alongside the NOC, also contribute to the tapping of the nation’s valuable resources. The majority of the nation’s producing fields are now located offshore, with notable developments like the prolific Mondo Nord field.

Ominga’s deep expertise and strategic vision have propelled SNPC to the forefront of Congo’s energy landscape

Meanwhile, SNPC’s portfolio includes significant stakes in several oil fields, demonstrating its strategic involvement in various upstream activities. The NOC serves as the primary operator for two oil fields: Mengo-Kundji-Bindi II (MKB II), with estimated reserves exceeding 300 million barrels, and Mayombe. By having interests in these fields, SNPC plays a critical role in the exploration, production, and management of oil resources in the Republic of the Congo. These partnerships with international oil companies enable the country to benefit from shared expertise and resources while also contributing to its overall economic development.

In collaboration with the government, SNPC is determined to capitalize on the Republic of Congo’s vast gas reserves and secure new investments to maximize the potential of both marginal and large-scale plays in the energy sector. While efforts to increase exports remain a priority, the government, through SNPC, is equally committed to utilizing domestic gas resources for power generation as part of its comprehensive Gas Master Plan.

The Gas Master Plan, driven by SNPC and the government, serves as a strategic framework aimed at promoting the utilization of up to 10 trillion cubic feet of gas reserves in the country. To achieve this ambitious goal, SNPC and the government are actively seeking foreign investment to tap into the numerous opportunities emerging across the gas market.

Apart from the country’s major oil and gas projects, SNPC is proactively pursuing low-carbon and clean energy projects. The company plans to allocate about 5% of its budget to the development of such initiatives. In particular, SNPC is exploring hydrogen prospects and has received authorization to prospect for hydrogen in the Congo Basin. The company plans to attract investment by organizing a bid round for granting hydrogen licenses in 2023. However, for hydrogen projects to prosper in the country, there needs to be adequate legislation as well as investments to support these projects.

“Ominga’s deep expertise and strategic vision have propelled SNPC to the forefront of Congo’s energy landscape. As the nation’s NOC, SNPC holds a steadfast commitment to responsible oil and gas exploration and production, making it a key player in shaping the country’s energy future,” states NJ Ayuk, Executive Chairman of the AEC.

Looking ahead, Ominga’s participation at AEW, particularly in the ‘Invest in Congo Energies’ spotlight session, will play a crucial role in showcasing the nation’s oil and gas potential and advocating for investments in cleaner technologies and sustainable energy alternatives. His insights will shed light on the promising prospects for the country’s energy sector, emphasizing the importance of embracing cleaner solutions for a more sustainable energy landscape.

AEW is the AEC’s annual energy conference and exhibition uniting African energy policymakers and companies with global investors to discuss the future of Africa’s energy sector. For more information about attendance, sponsorship and 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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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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Business

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

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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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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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