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S&P Global-African Energy Chamber (AEC) Webinar Explores Africa’s Promising Investment Opportunities

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African Energy Chamber

A webinar hosted by the African Energy Chamber in partnership with S&P Global Commodity Insights highlighted the role attractive fiscal terms play in getting large-scale oil and gas projects off the ground

JOHANNESBURG, South Africa, November 17, 2023/APO Group/ — 

At a time when the energy transition presents newfound challenges for large-scale oil and gas projects in Africa, a wave of fiscal reforms has shown how policy serves as a catalyst for development. A webinar titled, Africa’s Giant Fields: Faster and Greener, and hosted by the African Energy Chamber (AEC) (https://EnergyChamber.org) and S&P Global Commodity Insights on November 16, 2023, delved into the timelines of key upstream projects in Africa, underscoring how regulation played an instrumental part in advancing the timeline from discovery to production.

Kicking off the discussion, Verner Ayukegba, Senior Vice President of the AEC stated that “It is really important to try and figure out what it takes to develop African projects and resources – both oil and gas – in record time so that we can continue to attract investments in the sector.” Ayukegba highlighted that this subject was a key part of the discussions at African Energy Week (AEW) (https://AECWeek.com) in October 2023, and that the anticipation is high for the continuation of this dialogue going into AEW 2024 – scheduled for 4-8 November.

Echoing Ayukegba’s sentiment and highlighting challenges for large-scale developments, Etienne Kolly, Associate Director of Upstream Solutions Africa at S&P Global, emphasized that “access to capital is challenging [and that] the decarbonization topic is important for the timeline of these projects.”

Analene Enslin, Technical Research Principal of Upstream Solutions Africa at S&P Global, also believes that “Timelines are affected by many factors, with oil projects less complicated compared to gas.”

According to Enslin, some factors include “government fiscal regimes and host governments relationships with the partners in the country.”

It is really important to try and figure out what it takes to develop African projects and resources – both oil and gas – in record time

The concern globally is how to make these projects greener as banks are becoming more reluctant to fund oil and gas projects. Rebecca Vyse, Director of Upstream Solutions Europe at S&P Global, stated that in Europe, “shareholders of funds are refusing to invest in oil and gas projects that are not reducing emissions.”

However, African projects are showing promise with some of them reaching final investment decisions and a few estimated to reach first oil in 2024. Kolly explained that Eni is set to showcase the feasibility of an offshore net-zero oil development in Ivory Coast: the Baleine field. Meanwhile, energy companies bp expects reaching first gas at the Greater Tortue Ahmeyim project while Woodside Energy is targeting first oil at Sangomar oilfield development in 2024.

In Mozambique, TotalEnergies, Eni and ExxonMobil, along with their partners, are advancing the development of multi-trillion cubic feet (tcf) gas reserves from expansive complexes using innovative mid-scale Liquefied Natural Gas plants. According to Nicholas Waters, Sr Technical Research of Upstream Solutions Africa at S&P Global, the comparative analysis of fiscal regimes reveals relative similarity among the considered nations.

In terms of oil, Mauritania adopts cautious fiscal terms. Senegal’s 2019 Production Sharing Agreement terms, transitioning from the frontier to the de-risked frontier, are advantageous. Ivory Coast offers negotiable and attractive fiscal terms, including contractor-paid Corporate Income Tax (CIT). In terms of gas, Mauritania strategically adopts cautious fiscal terms for gas revenues given its developmental stage. Senegal enjoys the most favorable terms, facilitating a transition from frontier to de-risked frontier. Tanzania faces challenges with poor fiscal terms, prompting a recent revision to attract investors.

The long-term outlook regarding oil and gas was also brought into question. On this note, Joseph Medou the General Manager of Reseau Gazier du Senegal, stated that, “In Senegal, we have a lot of demand. By 2030, we see 500 million standard cubic feet (mscf/d) a day in demand which can go up to 700 mscf/d a day.”

Senegal is engaging in exploring gas export opportunities to neighboring countries through the Nigerian Gas pipeline project and the Maghreb-Europe Gas Pipeline. The initiative involves the transportation of gas from Senegal and Mauritania to Morocco, with the ultimate aim of reaching the European market. The strategy encompasses both local gas consumption within Senegal and potential sales to Europe, showcasing the long-term viability of oil and gas in Africa.

On the decarbonization side, leveraging renewable energy to power operations and reduce emissions has become a strategic method for attracting investment. Tasnika Goorhoo, Sr Technical Research of Upstream Solutions Africa at S&P Global, emphasized that BlueFloat Energy is advancing the Granadilla 50MW project in the Canary Islands and Greenalia is working on a 250MW project. These projects have played a central role in enhancing the attractiveness for foreign capital, and upcoming developments in Africa should adopt the same approach.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Afreximbank Backs DOTT Services Limited, Uganda with a US$28 Million Facility for Regional Engineering, Procurement and Construction (EPC) Projects

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The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains

CAIRO, Egypt, November 4, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has activated and approved a US$28 million dual-tranche facility for DOTT Services Limited, the leading Uganda-based engineering, procurement and construction (EPC) contractor, and has begun disbursing funds to support the execution of its EPC projects pipeline, valued at more than US$550 million.

 




 
 

Provided under Afreximbank’s EPC Contract Promotion Initiative, the facility is designed to strengthen the capacity of African EPC champions to secure and execute large-scale infrastructure projects across the continent. Specifically, the financing will support DOTT Services Limited in executing contracts and pursuing near-term opportunities valued at approximately US$550 million across Uganda, Tanzania, Kenya and the Democratic Republic of Congo.

Commenting on the transaction, Mr. Humphrey Nwugo, Director of Regional Operations at Afreximbank’s Eastern Africa office, said:

Through the initiative, the Bank provides support, including financing, twinning and matchmaking

“This facility reflects Afreximbank’s commitment to building strong African EPC champions capable of delivering the infrastructure that underpins Africa’s industrialisation, trade and economic integration. By supporting DOTT Services Ltd, a well-established regional contractor with operations across five African countries, we are addressing a critical financing gap that has historically constrained the ability of African firms to participate meaningfully in large-scale, cross-border infrastructure projects.

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains. It also advances Afreximbank’s EPC Contract Promotion Initiative, which seeks to increase African participation in the development and delivery of Africa’s infrastructure.

Through partnerships such as this, we are ensuring that greater value, expertise, employment opportunities and economic benefits are retained within Africa while fostering the emergence of globally competitive African contractors.”

Mr. Nwugo further noted that most local commercial banks lacked the capacity to support intra-African and regional projects because they were poorly placed to absorb the associated cross-border risks, while international banks tended to prioritise non-African contractors. As a result, African entities were often left without adequate financial support.

He said: “Afreximbank’s EPC Initiative was therefore designed to address this challenge by supporting African EPC contractors in securing and executing a greater share of infrastructure contracts across the continent. Through the initiative, the Bank provides support, including financing, twinning and matchmaking, as well as issuing letters of support, among others”, he explained.

DOTT Services Limited presence in Africa spans 28-years, with operations in Uganda, Tanzania, South Sudan, Zambia, and the Democratic Republic of Congo (DR Congo). It also has European offices in Italy and the UK, and a workforce of over 6,000 people. The company procures from, and distributes to, African countries goods such as bitumen, asphalt, steel and spare parts, as well as yellow goods equipment and services, making it a significant player in intra-African trade. Its track record of promoting trade-supporting infrastructure across the continent makes it a natural partner for Afreximbank’s EPC Contract Promotion Initiative, which seeks to build African EPC champions capable of delivering the infrastructure that underpins intra-African trade.

Distributed by APO Group on behalf of Afreximbank.

 

 




 

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Coca-Cola Beverages Africa (CCBA) invests in Africa’s leadership potential through EDGE

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Coca-Cola

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business

JOHANNESBURG, South Africa, November 4, 2026/APO Group/ –Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) (https://www.CCBAgroup.com) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort.

 




 
 

Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from The Coca-Cola Company, the programme was further expanded in 2026 to include leaders from Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, creating a broader pan-African learning experience across the Coca-Cola system.

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business.

The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system

The graduating cohort represented leaders from multiple countries and business functions. Through classroom learning, business projects, mentoring and coaching, participants gained practical experience in addressing real business opportunities and challenges.

With CCBA serving more than 840,000 customers across Africa, the company requires leaders who can navigate complexity and create value in diverse markets. EDGE helps build these capabilities through practical, business-focused learning.

“People are at the heart of everything we do, and programmes like EDGE demonstrate our commitment to investing in their growth and future success,” said Natasa Prodanovic, Chief People and Culture Officer at CCBA.

“The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system. By learning alongside colleagues from The Coca-Cola Company, Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, participants were able to build meaningful connections, share diverse perspectives and strengthen collaboration across our markets.”

The curriculum focused on strategy, value creation, transformation, commercial decision-making, leading self and leading teams. Participants also presented business projects aligned to organisational priorities as part of the programme’s graduation requirements.

EDGE forms part of CCBA’s broader commitment to developing future leaders and building the capabilities needed to drive sustainable growth and impact across Africa.

Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

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Afreximbank

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped

ST. JOHN’S, Antigua and Barbuda, November 3, 2026/APO Group/ –Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda.

 




  

The report, Reshaping Africa-Caribbean Trade: Opportunities for Economic Transformation, (https://apo-opa.co/4eiz62u) finds that while Africa and the Caribbean share deep historical and cultural links, trade between the two regions continues to represent only a small share of each region’s overall trade, despite complementarities across sectors ranging from agribusiness and manufacturing to services and the creative economy.

A look at the numbers

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped, with are significant opportunities for export growth if trade and investment is actively promoted and facilitated.

Africa and the Caribbean must transform a shared history into shared prosperity

Caribbean export potential lies in the services sector, reaching $481 million. The report identifies business opportunities across several priority sectors, including processed food and animal feed, chemicals, minerals and metals, apparel and textiles, leather and footwear, tourism, transport services and creative industries.

These findings – and more – are based on trade and export potential analysis, detailed sector assessments and a survey of 1,175 businesses and business support organizations across Africa and the Caribbean.

Tapping into priority sectors

ITC Executive Director Pamela Coke-Hamilton (https://apo-opa.co/3WHHZMU), in launching the report, said: ‘At a time of major shifts in global trade, countries need to strengthen regional ties and invest in value addition, to build resilience. We know the major trade opportunities between Africa and the Caribbean – and now we can focus on helping businesses take advantage of those opportunities through better market intelligence, improved logistics and greater access to finance.’

Commenting on the report, Denys Denya, Senior Executive Vice President at Afreximbank, said: ‘Africa and the Caribbean must transform a shared history into shared prosperity. With our CARICOM office in Barbados, about $1 billion in approved transactions and a $5 billion regional financing commitment, Afreximbank is advancing this vision through financing, deposit mobilization under CENDEP, business links through the annual Afri-Caribbean Trade and Investment Forum, local-currency payments through CAPSS and creative-industry collaboration through CANEX. This report offers a practical roadmap to turn untapped potential into bankable opportunities across agribusiness, manufacturing, tourism and the creative economy. Through targeted financing, stronger transport and logistics links and strategic partnerships, we can build a Global Africa connected by heritage, trade, investment and shared opportunity.’

The report finds that businesses continue to face significant challenges, including high transport costs, limited direct shipping links, regulatory barriers, limited access to finance and difficulties in identifying trusted commercial partners. It highlights that future economic cooperation should extend beyond traditional trade in goods, including through joint investment ventures, digital services, creative industries and tourism. It also calls for targeted action to improve market intelligence and business matchmaking; expand access to trade finance and payment solutions; strengthen transport and logistics connectivity; support sector-specific value chain development; improve regulatory cooperation and market access; and foster stronger partnerships among business support organizations.

Read the full report HERE (https://apo-opa.co/4exHBH9)

Distributed by APO Group on behalf of Afreximbank.

 




 

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