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Uganda’s Energy Potential Promoted at #AEW2023

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AEW2023

The Invest in Uganda Energies forum at AEW 2023 united Ugandan energy regulatory authorities and companies with global partners to discuss the country’s energy future

CAPE TOWN, South Africa, October 19, 2023/APO Group/ — 

Taking place during the 2023 edition of African Energy Week (AEW) the Invest in Uganda Energies country spotlight served to showcase the various investment and partnership prospects available across the East African country’s energy sector.

Sponsored by Uganda’s National Oil Company (NOC), the Uganda National Oil Company (UNOC) Limited, and featuring the participation of high-level public and private sector players, the session shone a light on Uganda’s energy journey, with a focus on new investment opportunities in the East African energy hub.

“For the energy space, in terms of regulation, in terms of policy, in terms of opportunities, there is huge potential for private sector players to participate in Uganda,” stated Aggrey Ashaba, Uganda Chamber of Mines General Secretary.

Boasting approximately 1.4 billion barrels of recoverable crude oil reserves and significant gas resources, Uganda ranks among Africa’s fastest growing energy markets, and has emerged as an attractive investment destination for global energy companies and investors alike.

“In respect to licensing, the laws require that we follow a production sharing regime, which creates a certain level of certainty; compliance to international standards on safety, environment, and social aspects; and regulate the upstream, midstream, and downstream sectors,” stated Ali Ssekatawa, Director of Legal and Corporate Affairs of the Petroleum Authority of Uganda.

The country aims to produce first oil in 2025, having achieved a Final Investment Decision for the $10 billion Lake Albert Development – comprising the Kingfisher and Tilenga oilfields as well as the 1,443km-long EACOP – alongside oil and gas supermajor, TotalEnergies, and Chinese National Oil Company, the China National Offshore Oil Corporation in 2022.

For the energy space, in terms of regulation, in terms of policy, in terms of opportunities, there is huge potential for private sector players to participate in Uganda

“We are currently building an investment portfolio of over $10 billion,” stated Proscovia Nabbanja, CEO of UNOC Limited, adding, “This will be to develop resources of about 1.4 to 1.7 billion recoverable barrels of oil while monetizing and developing our downstream sector.”

“As we charge the future, we need to leverage past experiences,” stated Sandisiwe Ncemane, Interim CEO for South Africa’s NOC, PetroSA, adding, “When it comes to infrastructure, we see value in having invested in that infrastructure, even as we witness changes in attitude towards energy sources.”

On the mid- and downstream fronts – in addition to the East African Crude Oil Pipeline – the country is inviting foreign investors to fund a series of infrastructure projects, both in-country and across the region. Representing a relatively new market, opportunities for players across the refining, transportation, service provision, and associated industries are growing.

“We currently have a project resource portfolio of about $15 million as a local entity,” stated Job Kahigwa, Chairman and CEO of construction company, ROHI Investment Ltd., adding, “For enabling Uganda’s supporting industries, we have a huge opportunity to source from the country’s population to promote and develop local content while engaging in partnerships with other local entities.”

Meanwhile, the country’s boasts substantial renewable energy resources, with over 80% of its generation mix being driven largely by hydropower. Meanwhile, it was noted that the country is poised to increase its generation capacity two-fold by 2040, largely driven on the back of renewable energy.

“Today, our energy mix is largely driven by hydropower, so we are boasting an energy mix where only 7% is driven by hydrocarbons,” stated Eng. Ps. Irene Batebe, Permanent Secretary for the Ministry of Energy and Mineral Development of Uganda, adding, “Our total installed capacity is over 2,000 Mw, but in our ambitious plan to industrialize, we are looking to increase our generation capacity by 52,000 MW by 2040.”

Taking place in Cape Town from 16-20 October, #AEW2023 is held under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets’. AEW is the African Energy Chamber’s annual event, uniting African energy stakeholders with global investors to discuss the future of African energy.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more information and updates about Africa’s premier energy event.

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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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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