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CLG Appoints Cosby Manuel Oliveira Toichoa as Managing Director for Equatorial Guinea

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CLG

The appointment underscores a commitment to bolstering support and strategic counsel for clients engaged in Equatorial Guinea’s dynamic oil and gas sector

SANDTON, South Africa, May 14, 2024/APO Group/ — 

Pan-African legal and business advisory firm CLG (https://CLGGlobal.com/) has appointed Mr. Cosby Manuel Oliveira Toichoa as Managing Director for Equatorial Guinea. Oliveira will undertake the strategic oversight of CLG’s operations in the country, leading efforts to provide specialized legal counsel and strategic support to clients engaged in oil and gas activities.

Prior to his appointment as Managing Director at CLG Equatorial Guinea, Oliveira served as a Managing Partner at CLG Equatorial Guinea. Specializing in comprehensive consultancy for companies, Oliveira’s expertise encompasses commercial law, particularly in OHADA Business Law, covering aspects such as company establishment, dissolution, licensing and contracts. Additionally, he provides legal advice on labor, social security, administrative and tax law matters. Oliveira holds a Law Degree from the University of Zaragoza, Aragon, Spain, and a Master of Law in Corporate and Finance Law from Widener University in the United States. Oliveira was admitted to the bar in Equatorial Guinea and has also advised numerous local and international businesses entering Equatorial Guinea.

Leveraging his expertise and industry knowledge and in his new role as Managing Director, Oliveira will drive initiatives to navigate regulatory landscapes, negotiate contracts and facilitate large-scale transactions, ensuring clients receive tailored solutions that address their specific needs and challenges in the dynamic energy sector of Equatorial Guinea.

CLG is poised to offer unmatched support and strategic counsel to our clients in this critical African Market

With a legacy of facilitating transformative oil and gas transactions across Africa, CLG has a comprehensive understanding of the oil and gas industry and ensures tailored solutions for every stage of the oil and gas project lifecycle, from exploration to production to distribution. Operating across multiple markets, including Equatorial Guinea, the firm is committed to fostering lasting relationships and delivering exceptional results.

CLG’s track record in Equatorial Guinea underscores its commitment to the growth of the country’s oil and gas industry. The firm has had a strong footprint in Equatorial Guinea, spearheading oil and gas transactions and providing strategic support for project developers and investors alike. Notable accomplishments include facilitating negotiations for Equatorial Guinea and Congo to join OPEC; negotiating an Umbrella Agreement for the country’s pioneering FLNG project; negotiating and signing a Unitization Agreement and Unit Operating Agreement between several oil majors in the country; and serving as legal adviser to the Ministry of Mines & Hydrocarbons of Equatorial Guinea on the drafting of new mining legislation. CLG’s comprehensive understanding of both the oil and gas industry and Equatorial Guinea’s market makes it well-equipped to handle all legal aspects of oil and gas projects in the country.

Going forward, CLG’s expertise uniquely positions the firm to navigate the intricate legal landscape surrounding Equatorial Guinea’s Gas Mega Hub project. This endeavor involves partnerships with neighboring countries to exploit offshore oil and gas resources. Through its dynamic range of service offerings, CLG offers invaluable support in navigating complex legal frameworks governing cross-border energy projects. From negotiating agreements to ensuring compliance with international standards, the firm’s deep understanding of both local and international laws enables it to facilitate collaboration between stakeholders. Leveraging its track record of success in similar ventures across Africa, CLG expertise stands to assist in playing a pivotal role in ensuring the smooth progression of the Gas Mega Hub project, unlocking the full potential of Equatorial Guinea’s offshore prospects.

“CLG is dedicated to leveraging our expertise to navigate the intricate legal framework of Equatorial Guinea’s oil and gas sector, facilitating seamless collaboration and maximizing its potential. With Oliveira as the Managing Director of our Equatorial Guinea branch, CLG is poised to offer unmatched support and strategic counsel to our clients in this critical African Market,” states Zion Adeoye, CEO of CLG.

In addition to its achievements in the oil and gas sector, CLG has provided expertise in banking and finance, public law, legislative drafting and labor and employment matters. These accomplishments underscore the firm’s capability to deliver exceptional legal services and strategic counsel to clients in Equatorial Guinea and beyond.

Visit CLG’s new website at https://apo-opa.co/3JQaqi1

Distributed by APO Group on behalf of CLG.

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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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