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South Africa’s Central Energy Fund (CEF) Returns as Platinum Sponsor of African Energy Week (AEW) 2024, Catalyzing Economic and Energy Sector Growth

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Central Energy Fund

South Africa’s Central Energy Fund will participate at African Energy Week: Invest in African Energy 2024 as a key sponsor and exhibitor, affirming its commitment to driving energy security across the SADC region

CAPE TOWN, South Africa, June 28, 2024/APO Group/ — 

South Africa’s diversified energy company Central Energy Fund (CEF) will join the African Energy Week (AEW): Invest in African Energy conference – scheduled for 4-8 November in Cape Town – as a Platinum Sponsor and Gold Exhibitor, marking its third consecutive year sponsoring Africa’s premier energy event. CEF’s participation underscores its commitment to driving energy security and sustainable development across southern Africa, with the merger of three CEF subsidiaries set to streamline operations and improve efficiency within the sector.

This year marks a pivotal turning point for South Africa’s petroleum industry, as CEF subsidiaries – national oil company PetroSA, iGas and the Strategic Fuel Fund – merge to form the South African National Petroleum Company (SANPC). SANPC will initially be incorporated as a subsidiary of the CEF Group until the National Petroleum Bill is promulgated into law​. The national petroleum company will focus on oil and gas exploration, production, midstream and downstream operations and infrastructure development, with a broad mandate to acquire, generate, manufacture, market and distribute various forms of energy, including renewables.

CEF plays a pivotal role in South Africa’s energy landscape and the SADC region, continuously driving innovation and sustainability

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.

To date, CEF has played a key role in addressing South Africa’s energy needs and driving regional energy development. With activities spanning oil, gas, coal, renewables and alternative energies, the company is committed to ensuring South Africa’s energy security and that of the broader Southern African Development Community. Through its proactive engagement and strategic investments across diverse energy sub-sectors, CEF not only serves to bolster the stability of energy South Africa’s supplies, but also pioneer sustainable practices that harmonize economic growth with environmental stewardship.

CEF is currently in the process of acquiring South Africa’s largest oil refinery, the 180,000-barrel per day Sapref plant. The acquisition is seen as a crucial step toward expanding the country’s refining capacity and supporting CEF’s growth strategy. By acquiring Sapref – a joint venture between Shell and bp – CEF aims to stabilize the country’s fuel supply chain, mitigate risks associated with fuel imports and create job opportunities. Moreover, with over 50 million barrels of fuel storage capacity, CEF stands poised to address growing domestic and regional demand for refined petroleum products, ensuring sustained energy provision across Mpumalanga and the Western Cape.

In addition to its operations in South Africa, CEF’s influence extends across the continent through strategic partnerships and investments. CEF recently concluded its acquisition of a 30% stake in the Republic of Mozambique Pipeline Company (Rompco), alongside Companhia Moçambicana de Gasoduto. The move solidifies CEF’s role in the ownership structure of Rompco, a critical infrastructure asset operating the 865-km gas transmission pipeline from Mozambique to South Africa. Additionally, CEF is at the forefront of developing and commercializing alternative energy resources and innovative technologies, with its portfolio including a 15% stake in the 100 MW Redstone Solar Thermal Power Plant and Molten Salt Energy Storage System.

“CEF plays a pivotal role in South Africa’s energy landscape and the SADC region, continuously driving innovation and sustainability. The merger of CEF subsidiaries to form the newly anointed SANPC marks a pivotal step forward in streamlining operations, enhancing efficiency and driving new energy exploration and production,” states NJ Ayuk, Executive Chairman of the African Energy Chamber. “With its Platinum Sponsorship, CEF will play a central role in fostering collaboration and showcasing its capabilities at AEW 2024: Invest in African Energy.”

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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