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Algerian Gas Entices Foreign Investors as Minister Arkab Joins African Energy Week (AEW): Invest in African Energy

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Algerian Gas

Taking place on November 4-8, African Energy Week fuels investments in the continent’s energy sector, catalyzing economic growth and opportunities for exporting countries such as Algeria

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JOHANNESBURG, South Africa, March 6, 2024/APO Group/ — 

Algeria’s Minister of Energy and Mines Mohamed Arkab will speak at the African Energy Week (AEW): Invest in African Energy 2024 conference – taking place November 4–8 in Cape Town. As the country moves to attract new investment in oil and gas, the minister will shed light on upcoming opportunities in exploration, production and infrastructure development.

Algeria stands as a compelling investment destination in the energy sector, backed by its substantial reserves and production capabilities. With proven oil reserves of 12.2 billion barrels and a daily production capacity of 970,000 barrels, the country ranks as the third-largest oil producer in Africa. Furthermore, Algeria holds a formidable position in the global natural gas market, boasting 159 trillion cubic feet of proven natural gas reserves, positioning it as the tenth-largest globally. Aligned with the country’s status as an investment hotspot, AEW 2024 will provide an opportunity to spotlight the country’s substantial reserves and production capabilities as investors turn towards the lucrative market.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Highlighting the Ministry’s proactive approach to partnerships, Minister Arkab engaged in negotiations with U.S. multinational ExxonMobil in January 2024 to explore joint ventures in oil and gas exploration and production. An impending deal is expected to be announced soon. As the nation seeks to leverage its oil and gas resources, such partnerships are key in its efforts to enhance its oil and gas output and expand its LNG and pipeline exports through new exploration drilling initiatives.

Algeria plays a crucial role in Africa’s energy development through its strategic partnerships with international energy companies

In addition to international partnerships, Algeria has strengthened its energy ties with Turkey, extending a gas supply contract to ensure the purchase of 4.4 billion cubic meters (bcm) of LNG annually until 2027. This extension, formalized during the Turkish President’s official visit to Algeria, underscores a commitment to energy cooperation between the two nations. The North African nation is also a key supplier of gas to European markets such as Italy, France and Spain. Algeria exported 22.4 bcm of gas to Italy in 2022, up from 20 bcm in 2021, as Italy became its largest gas importer due to long-term contracts via the Trans-Mediterranean Pipeline. Similarly, Spain’s reliance on Algerian gas surged to 24% of its total supplies in 2022. Utilizing the Medgaz Pipeline, Algeria provides approximately 9% of France’s overall gas consumption.

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Demonstrating its commitment to the Organization of the Petroleum Exporting Countries (OPEC), Algeria’s Ministry recently announced its compliance to the extension of the additional voluntary reduction by 51,000 bpd until the end of June. This decision, made in coordination with select OPEC+ member countries, aims to maintain Algeria’s oil production at 908,000 bpd, contributing to global efforts to stabilize oil prices and ensure market balance.

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Moreover, Algeria’s mining sector presents attractive investment opportunities, with significant projects like the Djebilet iron ore mine development underway. The government’s commitment to revitalizing the industry is evident through plans to allocate between $7 billion and $10 billion for the Djebilet project, with opportunities open for Western firms seeking rare metal investment opportunities.

“Algeria plays a crucial role in Africa’s energy development through its strategic partnerships with international energy companies and its initiatives to expand exports via LNG and pipeline projects. Its commitment to enhancing the mining sector to diversify its economy further solidifies its importance in Africa’s economic landscape,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

During the upcoming AEW: Invest in African Energy 2024 conference, the Minister is expected to highlight further initiatives aimed at developing Algeria’s energy infrastructure. Algeria is committed to attracting additional investment through the promotion of new exploration and production projects, forging strategic partnerships with international and domestic energy companies, and showcasing Algeria’s potential as a lucrative investment destination in the energy sector. To find out more about how you can participate at AEW: Invest in African Energy, please 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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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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