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Africa-Paris Declaration on Energy Transition, Climate Justice and Energy Poverty

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2 years ago

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African Energy forum

The declaration aligns Africa’s position on the global energy transition and climate justice debate, following the conclusion of the Invest in African Energy forum in Paris

PARIS,, May 21, 2024/APO Group/ — 

African civil society, human rights groups, environmental groups, governments and the private sector stand firm in their commitment to align Africa’s efforts in combating energy poverty and fostering industrialization, all while advocating for a just energy transition and ensuring climate justice. This steadfast commitment was underscored by the conclusion of the Invest in African Energy forum held in Paris on May 15.

Throughout the forum, key stakeholders from across the continent and beyond convened to address the pressing energy challenges facing Africa. Taking place in Paris – the city where the Paris Climate Agreement was signed in 2016 – discussions centered on strategies to attract investment, promote sustainable energy development and drive economic growth while prioritizing environmental responsibility, African civil society, human rights groups, environmental groups, governments and the private sector recognize the critical importance of addressing energy poverty, which continues to impede socio-economic progress in many African nations. By fostering an environment conducive to investment and innovation, we Africans aim to unlock the continent’s vast energy potential and empower communities with access to reliable, affordable energy sources.

The Paris Declaration calls for fruitful discussions and collaborations, highlighting the shared commitment of African nations, global investors and industry leaders to drive sustainable energy development across the continent.

Moving forward, we remain dedicated to championing Africa’s energy agenda, advocating for policies that balance economic growth with environmental stewardship, and empowering African nations to realize their energy potential while advancing climate goals.

We recognize Africa’s sovereign right to develop its energy resources – which include north of 125 billion barrels of oil and 620 trillion cubic feet of natural gas – in a balanced and sustainable manner. Ramping up energy investment, deploying continuous finance and advancing energy projects represent Africa’s core priorities, as 600 million Africans lack access to reliable power and 900 million Africans lack access to clean cooking fuels. Projects like the TotalEnergies-led Mozambique LNG development and the East African Crude Oil Pipeline seek to maximize Africa’s resources for the benefit of local communities. In West Africa, developments such as Perenco’s Cap Lopez LNG Terminal and associated LPG facility, the Nigeria-Morocco Gas Pipeline and the Eni-led Congo LNG project will catalyze long-term economic growth and energy resilience, with natural gas, LNG and LPG set to play a critical role in the continent’s energy poverty reduction strategy. The Southern African region is only just starting to realize the full potential of its oil and gas resources, with recent discoveries made in Zimbabwe’s Cabora Bassa Basin by Invictus Energy and Namibia’s prolific Orange Basin by Shell, TotalEnergies and Galp. Namibia is also home to the development of sub-Saharan Africa’s largest green hydrogen project led by Hyphen Hydrogen Energy, while Mauritania is pioneering green hydrogen through Chariot’s Project Nour and CWP Global’s AMAN Project, coupled with expanded gas development from the bp-operated Greater Tortue Ahmeyim LNG project.

Despite Africa’s unmet energy requirements, global energy lending has only tightened, as major European and other Western banks exit the fossil fuels industry in Africa, while financing fossil fuels in Western countries. These institutions have not been equitable when it comes to facilitating adequate energy and climate finance for African countries, where local populations are disproportionately affected by both climate risks and restrictions on fossil fuel development. Europe has made repeated calls for natural gas and green finance, yet there is a considerable blockage on energy finance for African countries. This chokehold continues to inhibit Africa’s industrial growth and the establishment of critical gas-driven industries like power, petrochemicals, fertilizers and mining, keeping the continent at a developmental lag.

We Africans deplore the continuous polarization of the energy dialogue in Western countries and call on the demonization of African oil and gas to stop. We urge free market solutions to Africa, and not a continuous push for aid so that Africans pledge to leave their resources in the ground. More aid is not the answer. Investment is key. From Cape to Cairo, from Nairobi to Dakar, we stand united toward meeting our shared obligations to fight climate change, noting that wealthy nations need to decarbonize and Africa needs to industrialize.

It is the position of African civil society, human rights groups, environmental groups, governments and the private sector that African countries must diversify available pools of capital and create financial instruments outside of traditional institutions – tapping into private equity and non-conventional bonds – to fund new exploration and energy initiatives. Moreover, African countries must put in place attractive regulatory and fiscal terms, thereby creating an enabling environment and removing all barriers to investment, such as incohesive regulation, excessive red tape or nationalistic policies. With competitive terms and incentives in place – followed by the integration of ESG principles and capacity building requirements – African energy projects will be able to compete effectively for global capital and work toward making energy poverty history across the continent.

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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2 days ago

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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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2 days ago

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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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2 days ago

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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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