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Technip Energies, COS Petrogaz Partnership is a Step Towards Domestic Gas Market Growth in Senegal

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Technip Energies

Technip Energies has partnered with COS Petrogaz to accelerate gas development in Senegal, a move that is welcomed by the African Energy Chamber

JOHANNESBURG, South Africa, May 25, 2022/APO Group/ — 

Engineering services and technologies company, Technip Energies, has signed a Memorandum of Understanding (MoU) with COS Petrogaz – the agency tasked with the definition, supervision, evaluation and control of implementation of state policy in oil and gas projects in Senegal. The MoU will see the two organizations collaborating in the fields of Liquefied Natural Gas (LNG), carbon free energy solutions and decarbonization as both Technip and COS Petrogaz move to accelerate gas development in Senegal within an energy transition energy landscape.

As per the terms of the MoU, the Technip and COS Petrogaz teams will work together towards improving knowledge and technology transfer related to water, oil and gas treatment process engineering; different types of onshore platforms and installations; and offshore gas field development concepts, with Technip tasked with conducting studies set out by COS Petrogaz’ overall gas development strategy. Additionally, the partnership aims to investigate the energy transition, with workshops and skills transfer initiatives broadening knowledge and skills regarding energy transition-related concepts. As the MSGBC region gradually positions itself as a globally competitive gas economy, the MoU will be instrumental in accelerating the adoption and monetization of gas.

Representing the voice of the African energy sector, the African Energy Chamber (AEC) welcomes the MoU, viewing the agreement and partnership as a critical step towards improving gas monetization and domestic utilization. While projects such as the $4.6 billion Greater Tortue Ahmeyim (GTA) project – the deepest offshore development in Africa, set to unlock up to 15 trillion cubic feet of gas reserves – and 100,000 barrel per day Sangomar oil project are set to transform the regional energy landscape, the MoU goes one step further to apply local content and capacity building to ensure domestic market growth and beneficiation.

Through the MoU, Technip and COS Petrogaz have placed the development of the local workforce and market at the center of the country’s gas expansion

The MoU centers on the need to scale up the domestic workforce through skills and technology transfer, recognizing the role local content plays in driving socioeconomic growth in Africa. While large-scale project developments in Senegal significantly improve energy security, the MoU ensures such developments translate into tangible benefits for the local population, a key step towards making energy poverty history by 2030. Currently, Technip is in charge of upgrading the SAR-owned Mbao refinery and has recently been awarded the engineering, procurement, construction, installation and commissioning contract for the GTA floating production storage and offloading unit. Now, with the MoU, Technip will be strengthening its presence in Senegal while taking on a leading role regarding local content within the natural gas sector. 

“We are very pleased to collaborate with COS Petrogaz in order to support Senegal in its gas development projects and in its objective of achieving a fair and equitable energy transition,” stated Marco Villa, COO, Technip Energies in a press release issued by the company, adding that, “This new collaboration illustrates our firm commitment to be at Senegal’s side in the implementation of its global energy and industrial development strategy.”

Well on its way to become a major player in the global gas space, led by institutions such as COS Petrogaz, Senegal has placed the development of the domestic gas market as a top priority. The country is set to witness unprecedented economic growth on the back of gas and by ensuring the right policies are in place, MoU’s are established, and stakeholders are engaged, COS Petrogaz is leading the sector into a new era of energy security, domestic market improvement and socioeconomic upliftment.

“The MoU signed between Technip Energies and COS Petrogaz will not only be critical for Senegal’s energy industry but can serve as a blueprint for other companies and state institutions from across the African energy sector. Senegal is making considerable progress to advance its natural gas industry with the development of large-scale projects, but it is the country’s local content drive that significant advancements will be seen and should be commended. Through the MoU, Technip and COS Petrogaz have placed the development of the local workforce and market at the center of the country’s gas expansion, while at the same time improving gas monetization in a bid to kickstart socioeconomic growth,” states NJ Ayuk, Executive Chairman of the AEC.

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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Business

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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