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On the Occasion of the FrancoTech Exhibition, Bpi France, Sawari Ventures, and Flat6Labs Sign a Memorandum of Understanding

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FrancoTech

The signing of the memorandum between Bpifrance, Sawari Ventures, and Flat6Labs took place within the framework of the FrancoTech exhibition for Francophonie and Innovation at Station F in Paris, alongside the Francophonie Summit

CAIRO, Egypt, October 9, 2024/APO Group/ — 

During the FrancoTech exhibition held on October 3 and 4, 2024, at Station F in Paris, alongside the Francophonie Summit, Bpifrance, Sawari Ventures, and Flat6Labs (www.Flat6Labs.com) announce the signing of a memorandum of understanding aimed at strengthening ties between Africa, Europe, and the Middle East to better support Francophone and African entrepreneurs in their development across the three continents.

The signing of the memorandum between Bpifrance, Sawari Ventures, and Flat6Labs took place within the framework of the FrancoTech exhibition for Francophonie and Innovation at Station F in Paris, alongside the Francophonie Summit. Innovation is one of Bpifrance’s strategic priorities, from supporting R&D to strengthening the capital of innovative companies. This memorandum highlights the importance of innovation for all parties and the strategic significance of Francophone Africa for Sawari Ventures, which opened a new office in Dakar, Senegal, this year, in addition to its offices in Casablanca and Cairo.

Launched in 2010, Sawari Ventures is a venture capital firm that invests in growth-stage African tech companies addressing regional and global challenges. Sawari Ventures has built a strong track record by investing in key industries such as deeptech, edtech, and fintech, and has been a pioneer in developing the local innovation ecosystem.

Our partnership with Bpifrance reflects our shared commitment to strengthening ties between Africa, Europe, and the Middle East

Flat6Labs is the most active seed and early-stage fund manager in the MENA region. Flat6Labs has offices in seven countries, with over 400 investments, nearly half of which are in Africa, and operates around thirty programs that support and create innovative companies. Sawari Ventures and Flat6Labs (the “Group”) are building a platform that spans a broad spectrum of financing, from seed stage to Series B+, helping bridge the gap between North Africa and Sub-Saharan Africa by supporting the expansion of companies in both regions.

Bpifrance and the Group aim to strengthen links between Africa, Europe, and the Middle East by facilitating market access and the development of innovative companies across the three continents. They also aspire to improve access to financing for innovative companies based in France looking to expand into Africa and for African companies conducting R&D or operations in France. Additionally, they seek to foster commercial and technological partnerships between European businesses and African innovation companies. Lastly, this partnership aims to accelerate co-investment opportunities between European and African venture capital firms.

The partnership’s objective is to identify qualified Francophone entrepreneurs through Bpifrance and qualified African entrepreneurs through the Group who wish to develop in the Europe/Africa/Middle East regions. The goal is to support their financing and the technological and commercial development of their companies, as well as to promote co-investment opportunities between European investors and Sawari Ventures, particularly in deeptech – a key sector where Sawari Ventures has been a pioneer in Egypt and has demonstrated a strong track record. To achieve this, the partners will collaborate with various departments within Bpifrance that support entrepreneurship and innovation financing in the region, as well as with the online platform EuroQuity, created by Bpifrance to facilitate connections between investors, companies, and their ecosystems at the European and international levels.

The EuroQuity digital platform connects growth companies supported by leading partners – such as the European Commission, development and innovation agencies, banks, and major groups – with investors and business partners on a global scale. It also offers complementary services to facilitate and strengthen these connections.

Our partnership with Bpifrance reflects our shared commitment to strengthening ties between Africa, Europe, and the Middle East. We see more and more entrepreneurs from these regions, as well as from their diasporas, launching companies with Pan-African and regional ambitions but lacking access to the tools and networks needed to grow effectively. We aim to build a platform that can identify and support them in their expansion by leveraging key partnerships with institutions like Bpifrance,” said Hany Al-Sonbaty, Co-founder of Sawari Ventures and Flat6Labs.

Isabelle Bébéar, Director of International and European Affairs at Bpifrance, added: “It is essential to strengthen ties between European, African, and Middle Eastern ecosystems, particularly in terms of innovation and investment, to identify geographic development opportunities for companies in these regions. This is precisely the goal of the partnership between Bpifrance and Sawari Ventures and Flat6Labs.”

Distributed by APO Group on behalf of Flat6Labs.

Business

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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Etu Energias

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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Energy

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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