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Vice President Quaynor leads African Development Bank mission to India to strengthen business ties

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Exim Bank

The delegation participated in a roundtable with 15 Indian pharmaceutical and healthcare infrastructure companies, co-hosted by the Bank and India Exim Bank

ABIDJAN, Ivory Coast, September 17, 2024/APO Group/ — 

An African Development Bank (www.AfDB.org) delegation led by Vice President Solomon Quaynor has concluded a four-day official visit to India to explore investment and trade opportunities and partnerships between Africa and India in pharmaceuticals, agriculture, and technology.

During the mission, which took in the cities of New Delhi, Gurgaon and Faridabad, Quaynor, the Bank’s Vice President for Private Sector, Infrastructure, and Industrialisation positioned the Bank as a potential partner to India’s private sector in the areas of project financing and de-risking initiatives, among others. He also promoted the Africa Investment Forum as a platform offering access to unparalleled investments across the continent.

The delegation participated in a roundtable with 15 Indian pharmaceutical and healthcare infrastructure companies, co-hosted by the Bank and India Exim Bank. Discussions centred on the opportunities and challenges presented by developing local production and robust infrastructure in Africa’s pharmaceutical markets, which face an estimated $111 billion investment gap through 2030.

The African Development Bank has developed a pharmaceutical and vaccine manufacturing strategy (https://apo-opa.co/47xpdte) and plans to invest up to $3.1 billion through 2030 to support its implementation.

Quaynor said, “We have partnered with the India Exim Bank to support Indian private sector participation in Africa’s growth story. This includes India’s private sector participating in government projects that the African Development Bank finances with India Exim export credit financing. An example is the Noor Ouarzazate solar power plant in Morocco, which was funded by an AfDB loan to the Moroccan government; the EPC involved two Indian companies Sterling & Wilson and Shapoorji Pallonji.”

During a meeting with Ms. Manisha Sinha, Additional Secretary of the Indian Ministry of Finance and the Bank’s Group’s Alternate Governor, Vice President Quaynor commended India’s long-standing support to the Bank Group, and highlighted potential areas of collaboration in youth training, digital financial inclusion, and the digitisation of health infrastructure.

We have partnered with the India Exim Bank to support Indian private sector participation in Africa’s growth story

Quaynor also participated in the 19th India-Africa Business Conclave, an annual event organized by the Confederation of Indian Industry (CII), in partnership with Indian Ministries of Commerce and Industry, and External Affairs. The Vice President stressed that Africa remains the second-fastest growing region globally, with average real GDP growth expected to reach 4.3 percent in 2025, up from 3.7 percent in 2024. According to African Development Bank forecasts, seventeen African economies are projected to grow by more than 5 percent in 2024.

During a panel session on critical minerals, Quaynor emphasised that African countries are seeking partners that can help them move up EV and battery supply chains, as Africa pursues industrialisation. He added that the African Development Bank helps finance projects by offering long-term debt and guarantees, as well as indirect equity through private equity and venture capital fund investments.

The Bank’s team also visited the premises of the Indian Agricultural Research Institute (IARI) to discuss potential collaboration on extension models, public seed systems, and training. The IARI played a key role in driving India’s green revolution, during which the country’s agriculture underwent transformation into a modern industrial system through adoption of high yielding variety seeds, mechanisation, irrigation and other inputs.

India recently contributed $6 million towards a new trust fund to be managed by the Bank, under a bilateral Technical Cooperation Agreement signed in March 2024. The Indian government has also provided $2 million to the Africa Digital Financial Inclusion Facility (ADFI) (www.ADFI.org), managed by the African Development Bank.

“As we look forward, there are key sectors of growth that Indian companies could have a competitive advantage over other global markets, thereby facilitating south-south cooperation,” Quaynor said. “This requires industrialisation in Africa – so moving up the production value chain in Africa to take advantage of the AfCFTA, which is a single continental market of 1.4 billion people and a GDP of over $3.4 trillion.”

The Vice president was joined by Mr. Osamu Kawanishi, Director of the Asia External Representation Office, Ms. Yuna Choi, Chief External Relations and Communications Officer and Mr. O’Neil Rane, Principal Resource Mobilisation and Partnerships Officer. The mission took place from August 20-23. 

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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