Connect with us
Anglostratits

Business

Regional and Global Industry Leaders to Make Strong Case for Hydrocarbon Investment at Angola Oil & Gas (AOG) 2022

Published

on

AOG

Following on from discussions held during COP27 in Egypt, a suite of regional energy ministers will be coming to Angola Oil & Gas 2022 to discuss national energy developments, the need to ramp up financing and the role regional cooperation plays in Africa’s energy future

JOHANNESBURG, South Africa, November 17, 2022/APO Group/ — 

With the biggest energy event in Africa post-COP27 set to take place in Luanda from November 29 to December 1, a strong lineup of regional energy ministers will make their way to Angola to lead discussions on the state of play of their respective energy sectors. Angola Oil & Gas (AOG) 2022 is committed to securing new investment, not just in Angola’s sector, but the wider regional energy landscape at large, with the participation of these ministers serving to only enhance this agenda.

At the head is Diamantino Azevedo, Minister of Mineral Resources, Petroleum and Gas of Angola, who has played an instrumental role in positioning Angola as the biggest oil producer in Africa, an emerging globally competitive gas player and an increasingly attractive renewable energy market. On the oil and gas front, Angola has seen new discoveries being made such as ExxonMobil’s discovery at the Bavuca South-1 exploration well at the Block 15, offshore Angola this month; the launch of three new refinery projects; and the establishment of one of the largest single investments in the country’s energy sector, the Angola Liquefied Natural Gas (LNG) project. While on the renewables front, new commitments by TotalEnergies and other regional players to monetize the country’s abundant solar and wind potential. As such, the sector is ripe for investment and offers unparalleled opportunities for project developers and financiers alike.

Representing Namibia, the country’s Minister of Mines and Energy, Hon. Tom Alweendo, will also be participating in Angola, driving the discussion around the role an accelerated exploration drive plays in Africa’s energy future. With two major oil discoveries by TotalEnergies and Shell made off the coast of Namibia just this year, the country is poised for large-scale developments and is seeking new partnerships with regional and global financiers. In addition to oil and gas, Namibia’s significant green hydrogen potential has laid the foundation for multi-billion-dollar project launches by the likes of Hyphen Hydrogen Energy and others. With a sectoral transformation on the cards, Hon. Minister Alweendo will drive the investment discussion in Angola.

Contributing to this discussion will be Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea and a strong advocate for the role gas plays in Africa. For his part, Minister Obiang Lima has been instrumental in positioning his country as a regional gas hub, unlocking untapped gas resources across West Africa while working towards creating intra-African energy networks in pursuit of energy security. Through the processing facility Punta Europe, Equatorial Guinea monetizes both domestic and regional resources. As the country looks to maximize gas in Africa even further, securing new capital will be key in furthering Minister Obiang Lima’s expansion agenda.

Also driving the investment in gas agenda, Dr. Aissatou Sophie Gladima, Senegal’s Minister of Petroleum and Energies, will be participating at AOG 2022, advocating for heightened investment in African energy. With the 2.5 million ton per annum Greater Tortue Ahmeyim LNG development set to come online in early 2023, as well as the launch of other large-scale projects such as 230-million-barrel Sangomar oil project, Senegal’s energy future looks bright. However, to unlock the full potential of the sector, H.E. Dr. Minister Gladima is looking at improving investment as well as regional collaboration.

Meanwhile, representing one of Africa’s final frontiers, Didier Budimbu Ntubuanga, Minister of Hydrocarbons of the Democratic Republic of the Congo (DRC), has investment on the agenda, and will be providing critical insight into the DRC’s 30-block strong licensing round. With 27 oil and three gas blocks opening for investment in July 2022, the country offers stakeholders the opportunities to explore one of the last untapped basins worldwide.

Local content, free markets, energy poverty, women in energy and financing Angola’s energy growth will be critical

Finally, in pursuit of a defined and aligned oil and gas agenda for Africa, H.E. Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) will be driving the discussion on how Africa can remain resilient despite global market instability. As head of one of the most influential energy organizations worldwide, the Secretary General is well positioned to drive the discussion on investment, exploration and production, and will be joining the ministerial lineup in making a strong case for African oil and gas.

“We will drive a discussion about Oil and Gas in Angola. Gas is critical and essential for Angola’s industrialization. Renewables are critical for the future, and we should embrace both. Local content, free markets, energy poverty, women in energy and financing Angola’s energy growth will be critical” NJ Ayuk, Executive Chairman of the African Energy Chamber

“Like we saw at the African Energy Week, Angolan energy industry reforms when it comes to eliminating red tape and cut unnecessary barriers is ensuring that the industry remains strong and reinforced our commitment to supporting the oil and natural gas industry in the years to come. I am confident that investment opportunities and deals will be closed in Luanda during this event” Concluded Ayuk

With AOG 2022 set to unlock significant investment across both the Angolan and regional energy landscape, the regional energy ministers in attendance will further this agenda by providing key insight into their respective sectors, engaging with stakeholders from across the regional and global market while driving the discussion on the role oil and gas plays in Africa’s energy future.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

Published

on

Etu Energias

Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

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

 

Continue Reading

Business

Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

Published

on

Afreximbank

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

Continue Reading

Business

Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

Published

on

IsDBI

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

Continue Reading

Trending