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Advancing Digital Tools and Expertise in Africa: S&P Global Becomes Technical Partner of African Energy Week (AEW) 2023

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S&P Global

Under a multi-year agreement signed in 2022, S&P Global represents the Technical Partner of the African Energy Week 2023 conference

JOHANNESBURG, South Africa, September 6, 2023/APO Group/ — 

Africa’s energy development agenda has become increasingly complex. Climate change and energy security concerns have highlighted the critical role low-carbon and sustainable energy developments play in Africa, while diverse regulatory environments, shifts in global capital trends and security risks have created a difficult-to-navigate investor climate across the continent. While progress continues to be made to create an enabling environment for investment, real-time data and analytics prove critical for foreign investors and project developers as interest grows in African energy opportunities.

In this scenario, organizations such as S&P Global Commodity Insights have been highlighted as instrumental. As a provider of information, analytics and solutions for major industries and markets that drive economies worldwide, S&P Global offers valuable data on the African energy industry. The African Energy Chamber (AEC) is proud to announce that S&P Global is the Technical Partner of African Energy Week (AEW) 2023 – taking place October 16-20 in Cape Town. The partnership falls under a multi-year agreement signed with S&P Global in 2022, whereby the information provider would support the event’s technical sessions. As Africa’s energy sector expands and low-carbon technologies become increasingly pivotal, S&P Global’s insights will continue to be integral.

Energy is a catalyst for economic development, and in Africa, many countries are prioritizing investments in this area under efforts to industrialize and electrify economies. Growing regional demand in conjunction with global efforts to diversify supply chains have seen heightened investor interest in Africa, and regulatory reforms are making the continent that much more attractive for foreign capital. At the same time, the global energy and commodity market is becoming increasingly volatile. Russia’s invasion of Ukraine disrupted global gas chains while the COVID-19 pandemic sent supply-demand dynamics into chaos. As the world transitions to a cleaner energy future, the energy industry becomes more complex by the day.

S&P Global’s comprehensive data, expertise and digital tools that will be instrumental as Africa’s energy sector grows from strength to strength

In this complexity, Africa continues to drive a wave of large-scale energy developments. Upstream, new discoveries made in Namibia, Zimbabwe, Ivory Coast, South Africa and many more have opened up new basins across the continent. Efforts to advance domestic utilization and trade have seen investments grow in refining, pipeline and transportation, as well as energy storage. At the same time, the energy transition has seen an uptick in renewable energy, green hydrogen and hybrid solutions, with burgeoning ‘green markets’ cropping up in countries such as Mauritania, Egypt, Namibia, Mozambique and more. Electrification and industrialization targets are driving power generation, infrastructure and low-carbon fuel projects while local content priorities have influenced policy reforms and amendments.  

Stepping into this picture, S&P Global provides the information, data and analytics that make the complex energy industry easier to navigate. The organization has a mandate to “push past expected observations and seek out new levels of understanding,” with the aim of assisting companies, governments and individuals make an impact on tomorrow. Focused on powering the markets of the future, S&P Global offers essential intelligence that strengthens decision-making in Africa. At AEW 2023, this intelligence will prove central to many discussions. As the AEW 2023 Technical Partner, the organization will support and spearhead the technical program, which features a diverse array of presentations, technical discussions and meetings. During the program, S&P Global will deliver actionable intelligence centered around investments, digital tools, market fundamentals and sustainability.

“S&P Global’s comprehensive data, expertise and digital tools that will be instrumental as Africa’s energy sector grows from strength to strength. The multi-faceted and increasingly complex nature of the energy sector requires innovative and technical approaches to development, and with insights from organizations such as S&P Global, the continent will be better equipped to expand the industry,” states NJ Ayuk, Executive Chairman of the AEC.

As Technical Partner of AEW 2023, S&P Global will lead the conference’s technical program, with representatives and thought-leaders from the firm delivering forward-looking insights as participants and moderators in various panel discussions. The AEW 2023 technical program offers investors, project developers and governments with the information they need to make informed decision on the African market, and will help facilitate new ideas and deals within the growing sector.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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