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Tackling Energy Poverty Requires a ‘Gas is Good for Africa’ Approach

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3 years ago

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energy poverty

African energy Ministers convened at the second edition of MSGBC Oil, Gas & Power 2022 where discussions largely centered around how gas is integral for the continent’s economic transformation

JOHANNESBURG, South Africa, September 2, 2022/APO Group/ — 

While developed nations call for the end of fossil fuel utilization in the name of climate change, Africa still faces its biggest challenge yet: energy poverty. In 2022, over 600 million people lack access to electricity and over 900 million lack access to clean cooking solutions, with even more people falling into extreme poverty following the onset of the global COVID-19 pandemic. However, to date, over 620 trillion cubic feet (tcf) of natural gas has been discovered in Africa, with a further 300 tcf expected to be revealed in the upcoming years. This clean, accessible and widely available resource offers the solution to Africa’s energy crisis, and as such, various African stakeholders have been committed to the narrative that ‘gas is good for Africa.’

On the first day of the MSGBC Oil, Gas & Power conference this week in Dakar, H.E. Macky Sall, President of Senegal and Chairperson of the African Union explained that, “It would be an aberration to give up the exploitation of our resources while more than 600 million Africans still live in the dark…even if Africa exploited all of its current gas discoveries over 30 years, its cumulative emissions would represent barely 3.5% of global emissions. What counts in the end is that the exploitation of our resources is done in the best conditions of transparency and efficiency, for the improvement of the conditions of our populations and the progress of our countries. This is our duty.”

For Africa, the benefits of gas are multifold. In addition to producing far less emissions than coal and oil, the ability of the resource to electrify the continent, kickstart industrialization and unlock new opportunities for socioeconomic growth on the back of job creation, domestic market resurgence and multi-sector development is unparalleled.

Gas is going to shape Africa, help us monetize and create more value for our economies

“African countries need a reliable energy supply to provide the livelihoods to their people…in harnessing our oil and gas resources, we can reap the economic benefits that come with eradicating energy poverty. We can grow and diversify our economies; we can industrialize our economies; we will create well-paying jobs for our citizens and create opportunities for our private sector companies and entrepreneurs,” Hon. Tom Alweendo, Namibia’s Minister of Mines and Energy expressed.

This year, the Russia-Ukraine conflict has enhanced interest by international destinations in African gas projects, with the European Commission going as far as labelling gas as green. While Africa has been calling for this association for years, a looming energy crisis overseas has altered global energy plans. However, before Africa exports to Europe, the continent should capitalize and utilize its own resources for the good of its own development.

“The most secure market for African producers is Africa,” stated H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, adding that, “To secure our future and reduce energy poverty, we need to create energy security. If we want more power in Africa, we need to stop talking about helping Europe. We need to focus on what Africa needs and then look externally.”

The need for widespread adoption of gas in Africa has driven continental stakeholders to push for an Africa-centric energy transition strategy, one in which gas continues to play a key role. While global stakeholders may object to the role of gas, the benefits the resource brings to Africa is unmatched. As H.E. Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, stated, “There doesn’t need to be anymore debate about gas. We need to stop wasting time discussing why gas is the solution. We need to start producing as much as we can now.”

“It is our chance to be a catalyst for change. It is our chance to stand with Woodside and Kosmos and explore more. As we move to COP27, we have an amazing opportunity to never back down on gas. Gas is going to shape Africa, help us monetize and create more value for our economies. Let’s not back down on an industry that has been the driver of human civilization, that has ensured longer lives, more medicine, new opportunities, roads, buildings and so much more. We need to stand up and back Africa’s right to grow,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber during his opening remarks.

Discussions during MSGBC Oil, Gas & Power 2022 will continue during the biggest pan-African energy event in Cape Town, African Energy Week 2022 – which takes place from October 18-21 this year. Following MSGBC 2022, African energy ministers, global investors, as well as public and private sector executives will be driving the gas is good for Africa narrative in Cape Town, under the theme, ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment.’ For more information about how you can be a part of these discussions, visit www.AECWeek.com.

Distributed by APO Group on behalf of African Energy Week (AEW).

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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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