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Advancing Sustainable Investment in Africa: International Energy Forum (IEF) Leads Energy Security and Just Transition Roundtable

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International Energy Forum

Day 2 of AEW 2023 featured a roundtable, hosted by the IEF, that examined global energy and climate policies and how Africa can leverage its energy markets to achieve its UN Sustainable Development Goals

CAPE TOWN, South Africa, October 18, 2023/APO Group/ — 

The second day of African Energy Week (AEW) 2023 – organized by African Energy Chamber (www.EnergyChamber.org) – featured a roundtable hosted by inter-governmental organization, the International Energy Forum (IEF). The roundtable featured a diverse lineup of industry leaders who examined how Africa can leverage its energy markets to achieve its UN Sustainable Development Goals and COP28 objectives by 2030.

Global energy and climate policies, impacted by successive shocks, now pose risks to energy security and just transitions. As such, the roundtable highlighted dialogue and collaboration as essential strategies to mitigate trade and investment hurdles, ensuring market predictability and affordability for a sustainable future.

“If we dare to isolate Africa, we will be making a big mistake. We always think global and act global, but we have to be careful when we see resources just go out and become unable to use those resources to empower Africans and create value,” stated NJ Ayuk, Executive Chairman of the AEC, adding, “We need to level the playing field when it comes to driving market conditions.”

The roundtable went on to discuss Africa’s pivotal role in global supply chains and its energy landscape, with the speakers shedding light on Africa’s energy challenges and how the continent can seize opportunities in the energy transition.

“We kicked off our global energy solutions last year at AEW 2022 and we wanted it to be a review of the lessons learned from the energy crisis, but also what’s working and not working in terms of the energy transition,” stated Joseph McMonigle, Security General at IEF, adding, “The singular linear, one-size-fits-all approach to net-zero is outdated and misguided, and what we need is a multi-dimensional approach that implements multiple starting points and pathways that allows countries to use their capital resources and expertise.”

The conversation around the energy transition has moved away from a one-size-fits-all approach to recognizing that there are several pathways to the transition

It was noted during the session that cooperation and collaboration will be essential to addressing the challenges posed by the dual objectives of securing energy supply while transitioning to cleaner and more sustainable energy sources. By fostering dialogue and working together, the speakers indicated that the continent will be well-positioned to develop strategies that ensure a stable energy supply while promoting and supporting the adoption of renewable energy technologies.

“The conversation around the energy transition has moved away from a one-size-fits-all approach to recognizing that there are several pathways to the transition. These pathways look different for everyone, from the global north to the global south to within individual countries. Key fundamental issues to consider are that whatever solutions you bring to the table, better meet full criteria: is it affordable, is it accessible, and is it sustainable?” prompted Proscovia Nabbanja, CEO of Uganda’s state-owned, Uganda National Oil Company Limited.

For many African countries, oil revenues continue to play a significant role in their economies. However, fluctuations in oil prices can pose economic challenges. As such, the roundtable highlighted optimal production as key to promoting energy reliability and economic growth while driving sustainable development. The speakers addressed the skills gap in Africa and underlined local content development as a key opportunity to embrace a sustainable and prosperous energy future.

“We can’t industrialize without energy,” stated Dr. Omar Farouk Ibrahim, Secretary General of continental energy organization, the African Petroleum Producers’ Association, adding, “Fossil fuels, oil, and gas are reliable, affordable, and readily available. The conversation on limiting emissions is not just, it’s not fair, because we all seem to concentrate on current operations in emission.”

The session concluded with the panelists discussing the importance of local content development as a key strategy towards advancing sustainable energy development. It was noted that pushing for inclusivity and pushing for an agenda that considers Africa’s vulnerabilities and opportunities will be imperative for the continent to utilize its natural resources in a manner that is sustainable, equitable, and fair.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more exciting information and updates about Africa’s premier energy event.

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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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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