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African Development Bank Holds First Industrial and Trade Business Opportunity Forum in Egypt

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African Development Bank

Egyptian businesses keen to increase business and deepen integration with other African countries

CAIRO, Egypt, February 24, 2023/APO Group/ — 

The African Development Bank (www.AfDB.org), in collaboration with the Egyptian Commercial Services (ECS) department of the Egyptian Ministry of Industry and Trade, has ended its first Industrial and Trade Business Opportunity Seminar (IT-BOS) dedicated to establishing business relationships with Egyptian manufacturers and exporters.

The one-day seminar, held on 22 February, saw record attendance from participants who expressed a high-level of interest in strengthening ties with and exploring new business opportunities within Africa.

The meeting brought together industrial, agricultural, and private sector experts from 105 large Egyptian manufacturers and exporters with significant domestic and regional investment activity. The participating companies represented a wide sector of industrial and export councils, namely from the medical, fertilizers, building materials, engineering and chemical industries, mining, food processing and packaging sectors.

Dr. Abdu Mukhtar, African Development Bank Director of Industrial and Trade Department, delivered the opening address on behalf of Solomon Quaynor, Vice President of Private Sector, Infrastructure, and Industrialization.

He highlighted the purpose of the seminar: “to establish solid business relations and explore collaboration opportunities with the Egyptian industrial business community for growth in the domestic market and to deepen Egyptian regional integration in Africa.” He then presented the African Development Bank’s Ten-year strategy, highlighting the “High 5” strategic priorities with a focus on private sector development and job creation.

The meeting brought together industrial, agricultural, and private sector experts from 105 large Egyptian manufacturers and exporters

“African investments in Africa are below acceptable levels, Africa has endless business opportunities that are often unknown to businesses in neighboring countries – a cardinal sin in this information technology age. We should develop a common manual of doing business to facilitate intra-Africa trade we should proactively address the sources of high cost of doing intra-Africa business,” underscored Ambassador, Mohamed El-Badry, Assistant to the Minister for African Affairs.

Dr. Eng. Sherif El Gabaly, Head of the African Affairs Committee in the Egyptian Parliament, applauded the Bank and ECS for organizing the “timely meeting” with the Egyptian private sector. He added that Egypt has a longstanding and deep relationship with the African development Bank Group as a founding member and as the second largest shareholder of the Group, however, the country has so far mainly benefited from the public sector window. He highlighted that Egypt has a strong private sector with cutting edge ideas and talent; and urged the Bank to “support non-sovereign operations which will provide impetus to Egypt’s strategic industrial sectors.”

The seminar was a great opportunity for the companies to proactively share their aspirations, challenges, and opportunities in accessing and growing exports in African markets and exploring potential collaboration areas.  

Dr. Yousery El Sharkawy, Chairman Egyptian African Businessmen Association, encouraged Egyptian private sector community to “know the Bank, stay close and knock on the Bank’s door, as it is committed to Egypt’s sustainable growth and a heightened role in Africa’s regional integration.” He added that Egypt has a realistic sense of the ample trade and win-win opportunities with sister African countries, shown by the Country’s leadership’s emphasis on expanding Egypt’s regional alliances.

“This event is the first of its kind, in its focus, timeliness, and the high level of private sector participation from the most strategic Egyptian manufacturers. We want a series of this event to be organized regularly to nurture the business relationship that we have established today,” indicated Dr. Ghada Ali, a member of the Egyptian Parliament Economic Committee.

Yehia El Wathiq Bellah, Minister Plenipotentiary and Head of the Egyptian Commercial Representation stressed that the Bank’s Ten-year strategy is aligned with Egypt’s 2030 Vision which calls for a balanced, knowledge-based and export-based market economy. Hence Egypt should explore opportunities for private sector financing from the African Development Bank, he noted.

Samuel Kamara, Country Program Officer for the Egypt office represented the Bank’s Director General of North Africa, Mohamed El Azizi presented Egypt’s Country Strategy Paper for 2022-2026. Participants also heard presentations on the Bank’s financing instruments and modalities, as well as its private sector engagements in establishing special agro-processing zones in Africa. While the Bank’s footprint is established in twenty member countries, Egypt is yet to access the Bank’s expertise and financing in this sector, they heard.

Following the presentations, the Bank’s team engaged in business-to-business meeting towards the development of a comprehensive pipeline of Egyptian manufacturing and export projects eligible for potential Bank financing. The event was moderated by the Bank’s Principal Industrial Program Coordinator, Dr. Ghada Abuzaid, and Samuel Mugoya, Advisor to the VP Private Sector, Infrastructure & Industrialization.

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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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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