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Afreximbank, Alphaden Energy & Oilfield Limited Sign $60M 7-Year Term Loan Agreement for Gas Processing Facility in Nigeria

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Alphaden Energy

Afreximbank and Alphaden Energy & Oilfield Limited have signed a 7-year term loan agreement for a $60 million processing facility in Bayelsa State, Nigeria

CAPE TOWN, South Africa, October 19, 2023/APO Group/ — 

The African Export-Import Bank (Afreximbank), has signed a 7-year term loan agreement with Nigeria’s Alphaden Energy & Oilfield Limited for the construction of a 20 million standard cubic feet per day gas processing facility in Bayelsa State, Nigeria.

The agreement was signed by Paschal Anyanwu, CEO of Alphaden Energy & Oilfield Limited, and Rene Awabeng, Director and Global Head of Client Relations at Afreximbank, during the second day of African Energy Week (AEW) 2023, taking place in Cape Town on 18 October organized by the African Energy Chamber (AEC).

“We all believe that gas is going to play a leading role in how we develop Africa’s energy security,” stated NJ Ayuk, Executive Chairman of the AEC, who was present at the deal signing, adding, “This is going to be a 45 billion Naira ($60 million) energy facility that will be developed by an African company. On behalf of the African Energy Chamber and Afreximbank, we salute you.”

This day marks a significant day in this journey, and hopefully there will be more that will follow in these footsteps as we follow those before us

The project will be built at the Obama flow station, situated in Oil Mining License 63, and will have the capacity to produce 405 million tons per day of Liquefied Natural Gas and 294 barrels per day of crude condensates.

“We believe that every little step that we take will help make contributions towards the energy independence of this continent,” Anyanwu stated, adding, “This day marks a significant day in this journey, and hopefully there will be more that will follow in these footsteps as we follow those before us.”

The facility will be repaid from the sale of condensate gas, which has been secured by six offtakers and will be transported using 20-ton ISO tanks to customers throughout Nigeria’s six geopolitical regions.

Poised to reduce gas flaring and generate significant value from Nigeria’s natural gas resources, the transaction is very significant for Afreximbank with regards to its commitments to Africa’s energy transition. 

Distributed by APO Group on behalf of African Energy Chamber.

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Joint statement welcoming the Republic of Togo’s announcement on Visa facilitation for African nationals

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Togo

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda

LOMÉ, Togo, May 21, 2026/APO Group/ –The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcome the announcement by the Government of the Republic of Togo, under the leadership of H.E. Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo, regarding measures to facilitate visa-free entry for all nationals of African States holding valid passports, as announced by the Minister of Security on 18 May 2026.

The announcement was made in Lomé on the sidelines of Biashara Afrika 2026, the continent’s premier trade and business platform, which has brought together policymakers, private sector leaders, investors, and stakeholders from across Africa to advance dialogue on intra-African trade, investment, and regional integration.

Throughout the engagements, participants underscored the importance of facilitating the movement of African citizens, entrepreneurs, and investors as an important enabler of intra-African trade and economic cooperation. Against this backdrop, the announcement reflects the growing continental momentum towards strengthening connectivity and deepening African integration.

The AfCFTA Secretariat and Afreximbank, to which Togo is a State Party and a Member State, envision a continent where goods, services, capital, and people move more freely across borders in support of an integrated African market. Measures that facilitate mobility and connectivity continue to contribute towards advancing the broader mandate of both institutions; the attainment of the aspirations of Agenda 2063.

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda.

Distributed by APO Group on behalf of Afreximbank.

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Morocco: African Development Bank commits €200 Million to boost employability and develop future skills

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Morocco

This results-based financing is designed to strengthen the relevance, quality, and diversity of vocational training through the digitalisation of services, the large-scale rollout of learning systems, and stronger labour market integration mechanisms

RABAT, Morocco, May 21, 2026/APO Group/ –The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €200 million in financing for the implementation of the “Cap Compétences 2030” programme, aimed at improving employment opportunities for young people and women.

 

This results-based financing is designed to strengthen the relevance, quality, and diversity of vocational training through the digitalisation of services, the large-scale rollout of learning systems, and stronger labour market integration mechanisms.

 

Cap Compétences 2030 is built around three pillars: skills development and strategic partnerships; inclusive training aligned with business needs; and digital transformation, supported by stronger institutional and operational capacity. The programme will also consolidate existing mechanisms while improving both their efficiency and reach.

 

Through the initiative, the African Development Bank seeks to expand access to diversified training opportunities and enhance the professional integration of beneficiaries into the labour market.

Our shared objective is to harness the demographic dividend to support value creation and promote employment, particularly for young people and women

 

Achraf Tarsim, Country Manager of the African Development Bank Group in Morocco, said Cap Compétences 2030 aligns with the priorities of the country’s National Employment Roadmap 2025–2030 and the Bank’s strategic vision under its Four Cardinal Points (https://apo-opa.co/3PDHMHn). “Our shared objective is to harness the demographic dividend to support value creation and promote employment, particularly for young people and women,” he said.

 

The Bank’s intervention is being implemented in close coordination with technical and financial partners to strengthen coherence and complementarity in support of public policy reforms.

 

This programme reflects the Bank’s long-term engagement in Morocco in the areas of human development, employment, and social inclusion. It also builds on a broader portfolio of results-based operations that contribute to structural reforms of the labour market and vocational training system.

 

Since its establishment, the African Development Bank Group has mobilised more than €15 billion across strategic sectors in Morocco, including education, health, employment, infrastructure, energy, and governance.

Distributed by APO Group on behalf of African Development Bank Group (AfDB)

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TotalEnergies Expands Angola Offshore Strategy as Martin Deffontaines Returns to Angola Oil & Gas (AOG) 2026

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TotalEnergies

TotalEnergies is spearheading a diverse investment approach in Angola, targeting frontier opportunities while scaling brownfield production

Martin Deffontaines, Country Manager for Angola at energy major TotalEnergies has been confirmed as a speaker at the Angola Oil & Gas (AOG) Conference and Exhibition – taking place September 9­­–10 with a pre-conference day on September 8. His participation comes at a pivotal time for the company as it expands its offshore strategy and is expected to provide insight into how one of the industry’s leading operators is positioning itself for Angola’s next phase of offshore growth.

TotalEnergies is driving a multi-faceted exploration and production strategy in Angola, balancing brownfield optimization with frontier exploration and large-scale deepwater developments. As one of the country’s biggest oil producers, the company’s recent investments signal a long-term commitment to the market as well as its broader ambitions to support Angola’s goals of sustaining production above one million barrels per day (bpd).

At the core of this strategy is unlocking additional value from producing assets. Just this month, the company signed a Principles Agreement with the National Oil, Gas & Biofuels Agency (ANPG) to extend its license for Block 32 to 2043. The agreement establishes the general terms for the continuous development of the block, while outlining the possible application of the Incremental Production Decree to bolster production. Block 32 is one of the country’s biggest producing assets, covering six fields and featuring the Kaombo project.

Beyond operational assets, TotalEnergies is pursuing new frontiers in Angola. The company signed an agreement in March 2026 with the ANPG and ExxonMobil for the allocation of four blocks in the Benguela and Namibe Basins – namely 40, 41, 42 and 58. The agreement lays the foundation for the signing of the respective contracts for the blocks. This follows another agreement signed in 2025 between TotalEnergies, ExxonMobil and the ANPG for the study and evaluation of the Free Areas of Blocks 17/06 and 32/21 – two of the country’s longest-producing assets. The agreement aims to identify new leads across the blocks, supporting future production growth.

The company’s ongoing project portfolio further highlights the scale of its ambitions in Angola. Central to this is the Kaminho deepwater project – the first major deepwater development in the Kwanza Basin. Representing a $6 billion investment, the project is expected to produce approximately 70,000 bpd through an FPSO designed with lower-emission technologies. FID was reached in 2024, with production on track for 2028. Kaminho builds on TotalEnergies recent project momentum, which saw two offshore projects start operations in 2025. The Begonia and CLOV Phase 3 developments added 60,000 bpd to the company’s Angolan portfolio, cementing its position as a major operator.

Deffontaines’ participation at AOG 2026 comes as these themes move to the forefront of Angola’s oil and gas agenda. As one of the country’s largest international investors, TotalEnergies continues to shape discussions around production sustainability, exploration strategy and offshore project economics. His presence at the event underscores both the scale of the opportunity and the growing international confidence in Angola’s deepwater market.

 

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

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