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Afentra’s Paul McDade to Outline Angolan Exploration and Production (E&P) Agenda at Angola Oil & Gas (AOG) 2023

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Paul McDade

Afentra CEO Paul McDade will speak at Angola Oil and Gas 2023, discussing

LUANDA, Angola, August 1, 2023/APO Group/ — 

Paul McDade, CEO of independent oil and gas company Afentra, will participate as a speaker at the highly anticipated Angola Oil & Gas (AOG) 2023 conference and exhibition (https://apo-opa.info/3PTENZ0). AOG 2023, under the theme ‘Energy Security, Decarbonization, and Sustainable Development,’ is set to take place in Luanda from September 13–14.

McDade brings extensive knowledge and expertise to the AOG 2023 stage. He will lead discussions on African exploration and asset acquisition, driving critical conversations around Afentra’s agenda in the Angolan energy market.

“At the time of Afentra’s launch in 2021, Angola was identified as a core target market for the Company based on a nascent industry transition that would present opportunities for an ambitious and responsible player like Afentra. Our inaugural transactions in country have seen the Company build a material position in the quality 3/05 and 3/05a Blocks, providing Afentra with a strong growth platform from which to deliver future growth in both Angola and into other core target markets. The assets provide considerable scope for organic growth as well as the opportunity to enhance the environmental performance of the producing fields – both of which are important tenets of Afentra’s strategy – and we look forward to working with our partners and wider stakeholders in delivering these objectives,” McDade notes.  

As an independent explorer, Afentra is committed to deploying state-of-the-art technology and implementing carbon reduction measures, ushering in a new era of sustainable oil and gas development in Africa. This positions the company as a viable option for African governments seeking a capable partner to provide guidance and support in adopting low-carbon and sustainable production techniques.

In 2022, Afentra signed a significant sale and purchase agreement (SPA) with Sonangol, Angola’s national oil company. This agreement allowed Afentra to secure stakes in two offshore blocks situated in the Lower Congo and Kwanza basins, representing a deal valued at $80 million. This strategic move marked Afentra’s entry into Angola.  

Having McDade and Afentra as part of the AOG 2023 conference is significant as their insights will contribute to shaping dialogue around Angola’s exploration landscape

Additionally, in July 2023, Afentra inked a SPA deal with oil and gas company Azule Energy for Block 3/05 and Block 3/05A. The agreement brings Afentra’s stake in Block 3/05 and Block 3/05A to 30% and 21.33%, respectively.

The company’s strategy in Angola involves optimizing and extending the lifespan of mid-life producing assets, prioritizing safety, emissions reduction and responsible operations. This portfolio and approach make Afentra highly relevant to the discussions at AOG, as they align with the conference’s focus on sustainable development and environmental stewardship.

“Afentra’s operations in the Angolan market are a significant milestone, and their expertise and commitment to sustainable production make them a valuable partner for African governments. Having McDade and Afentra as part of the AOG 2023 conference is significant as their insights will contribute to shaping dialogue around Angola’s exploration landscape,” states Devi Paulsen-Abbott, Energy Capital and Power CEO.

During AOG 2023, McDade will delve deeper into discussions on the pivotal role of ramping up exploration and production in Angola within the global energy transition, contributing to the energy future of both Angola and Africa. The insights shared by McDade will be valuable for project developers, financiers and service companies along the entire oil and gas value chain.

“At the time of Afentra’s launch in 2021, Angola was identified as a core target market for the Company based on a nascent industry transition that would present opportunities for an ambitious and responsible player like Afentra. Our inaugural transactions in country have seen the Company build a material position in the quality 3/05 and 3/05a Blocks, providing Afentra with a strong growth platform from which to deliver future growth in both Angola and into other core target markets. The assets provide considerable scope for organic growth as well as the opportunity to enhance the environmental performance of the producing fields – both of which are important tenets of Afentra’s strategy – and we look forward to working with our partners and wider stakeholders in delivering these objectives.  

“We’re delighted to be presenting at this conference as we continue to raise the profile of Afentra within our relevant audiences and look forward to providing our unique insights into the important role that Afentra can play in delivering a responsible energy transition in Angola. We look forward to participating in an energetic and insightful conference that will help inform delegates about the evolving future of Angola’s energy industry,” he adds.

AOG 2023 returns to Luanda for its fourth edition from September 13-14 under the auspices of the Ministry of Mineral Resources, Oil and Gas and in partnership with the National Oil, Gas and Biofuels Agency, AIDAC and the African Energy Chamber. Visit www.AngolaOilandGas.com for more information about this highly-anticipated event.

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

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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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