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Third Edition of MSGBC Oil, Gas & Power Kicks Off in the Islamic Republic of Mauritania

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MSGBC

The third edition of the MSGBC Oil, Gas & Power conference – which is organized by Energy Capital & Power – features two days of high-level discussions in tandem with a wealth of networking opportunities

NOUAKCHOTT, Mauritania, November 21, 2023/APO Group/ — 

The MSGBC region’s premier energy event – MSGBC Oil, Gas & Power 2023 (https://apo-opa.co/3MVbSlj) – officially opened on Tuesday in Nouakchott, the Islamic Republic of Mauritania, with an opening ceremony attended by Mauritanian President Mohamed Ould Cheikh El Ghazouani. The ceremony laid the foundation for two days of dialogue and deals, with industry leaders providing forward-looking remarks about the future of the MSGBC energy market.

“The energy sector in Mauritania has been successful in implementing a policy that will make Mauritania a producer and exporter of natural gas to the rest of the world,” stated Nani O. Chrougha, Minister of Petroleum, Mines and Energy of the Islamic Republic of Mauritania. “Implementing this vision needs a lot of work on different scales, including bringing investment, improving the business environment, and improving skills, along with governance and infrastructure that are in place.”

At a time when global demand is on the rise, MSGBC energy stands to play a much larger role in supplying the world. According to Eng. Mohamed Hamel, Secretary General, Gas Exporting Countries Forum, “Looking ahead, the demand for energy is projected to further increase underpinned by global population growth. Satisfying this growing energy mix while simultaneously reducing emissions requires pragmatic approaches.” He added that GECF “looks to Mauritania with great anticipation as it embarks on enhancing its natural resources for the betterment of its people.”  

Going forward, securing financing for the development of these reserves is challenging owing to the global energy transition. Dr. Omar Farouk Ibrahim, Secretary General, African Petroleum Producers Organization (APPO), shared insights into how the organization is supporting African countries finance hydrocarbon projects.

The energy sector in Mauritania has been successful in implementing a policy that will make Mauritania a producer and exporter of natural gas to the rest of the world

He stated that, “At APPO, we are working on ensuring that Africa’s dependence on external sources of funding for oil and gas is put to an end. We are working with Afreximbank to establish an African Energy Bank. Two weeks ago, we approved the timeline and this bank should come online in the first half of next year. We are also working on research centers in Africa.”

To attract foreign capital and strengthen the competitiveness for investment, regional countries enacted a series of regulatory reforms, all of which have been pivotal for getting large-scale projects off the ground. NJ Ayuk, Executive Chairman of the African Energy Chamber, remarked that in Mauritania, “Great fiscals and an enabling environment has opened the door for many new investors as well as gas development, hydrogen development and solar and wind.”

As such, and in collaboration with global investors and regional counterparts, countries including Senegal and Mauritania are developing large-scale projects while The Gambia, Guinea-Bissau and Conakry are introducing licensing rounds and policies aimed at securing investment. Two major developments are coming online next year – the 2.3 million ton per annum (mtpa) Greater Tortue Ahmeyim (GTA) project and the 100,000 barrel per day Sangomar oilfield development – while progress continues at the Sandiara Gas-to-Power facility and the 8 mtpa Mauritanian green hydrogen hub. 

According to Gordon Birrell, EVP Production & Operations at bp, “GTA is 90% complete and we are very close to achieving first gas.” Birrell believes that GTA is both ambitious and critical, and that, “GTA is a great energy project for many reasons: it has great scale, great complexity and great significance for Mauritania and the world.”

Similarly, Mark Crandall, Founder and CEO of CWP Global – the company driving Mauritania’s $34 billion green hydrogen development – considers Mauritania to be “a very exciting place to work.” Providing insight into the green hydrogen project, he stated that, “We are going to install thousands of wind turbines and hectares of solar. We will produce over 100 TWh of power – that’s over 100 times what Mauritania is using today. Whatever is not needed here, it will be exported and enrich Mauritania through exports.”

Under the theme, Scaling Energy Opportunities in Africa’s New Frontiers, the conference represents the only energy forum focused on the entire MSGBC energy sector and its value chain. With the opening remarks, the 2023 edition of the conference officially kicked off.

Distributed by APO Group on behalf of Energy Capital & Power.

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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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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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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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