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Afreximbank convenes Angola oil and gas financing forum to ad-vance local content and indigenous participation

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Afreximbank

The forum examined practical constraints facing indigenous companies, including access to appropriate financing, bankability, execution capability and market access

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) hosted a Local Content Development Forum in Luanda, Angola, on 9 September 2026, bringing together government institutions, financial institutions, indigenous companies and industry players to explore financing opportunities across Angola’s oil and gas value chain.

 




 
 

Held at the Centro de Convenções de Talatona, the forum focused on how financing, partnerships and transaction structures could support the growth of Angolan companies across the sector, including opportunities in project finance, trade finance, downstream infrastructure and industrial development.

Angola remains one of Africa’s most significant energy markets, with Afreximbank having invested close to US$2 billion in the country’s oil and gas sector. The forum built on that engagement by examining how more Angolan companies could progress from participation into ownership and scale, when the right financing, partnerships and structures are made available to them.

Commenting on Afreximbank’s ambition to support the next generation of Angolan energy companies, Mr. Haytham Elmaayergi, Executive Vice President, Global Trade Bank, Afreximbank, said:

“Angola has built a strong platform for its energy sector, with Afreximbank playing a longstanding role in structuring, financing and mobilising capital to support its development at scale. The next phase is about enabling more Angolan companies to move from participation and service provision towards ownership and scale, drawing on the experience of successful indigenous African operators to turn that ambition into bankable transactions and build the next generation of national and regional champions.”

The next phase is about enabling more Angolan companies to move from participation and service provision towards ownership and scale

 

Speaking at the Forum, Berta Rodrigues Issa, President of ASSEA (Association of Indigenous Companies for the Oil Industry of Angola), congratulated Afreximbank on hosting the event, and for placing Local Content where it truly belongs: “A country does not industrialise merely by exporting more than it imports. It industrialises when it transforms its resources, develops productive capacity and builds companies capable of competing beyond its borders. That is why Afreximbank’s theme- “From Resources to Value” – is so deeply aligned with Angola’s Local Content agenda.

“For ASSEA, Local Content cannot be limited to the participation of Angolan-owned companies in one-off contracts. It must be a deliberate path towards capacity building, industrialization and competitiveness.”

The forum examined practical constraints facing indigenous companies, including access to appropriate financing, bankability, execution capability and market access, and considered how Afreximbank’s financing and advisory capabilities could help address these barriers.

Participants also drew lessons from Nigeria, where indigenous companies such as Oando and Heirs Energies have expanded their ownership and operating positions through significant acquisition transactions. Oando’s US$783 million acquisition of Nigerian Agip Oil Company increased its interests in OMLs 60–63 from 20% to 40%, while Heirs Energies acquired a 45% interest in OML 17 and assumed operatorship of the asset. The examples illustrated how indigenous African companies can scale into larger ownership and operating roles.

The forum also highlighted significant pipeline of opportunities across Angola’s oil and gas sector, including US$2.5 billion for Lobito Oil, US$1 billion for Sonangol, US$1.4 billion for Amufert and US$280 million for Itracom.

Discussions centred on how public institutions, local banks, industry operators and investors could work together to advance these opportunities towards implementation.

Distributed by APO Group on behalf of Afreximbank.

 




 

Business

Islamic Development Bank (IsDB) Group–World Association of Investment Promotion Agencies (WAIPA) Investment Excellence Awards 2026 Announce Winners

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Islamic Development Bank

Beyond recognizing excellence, the Awards foster peer learning and the exchange of best practices among IsDB Member Countries, helping transform investment opportunities into sustainable, impactful, and investment-ready projects

GENEVA, Switzerland, November 11, 2026/APO Group/ –The IsDB Group–WAIPA Investment Excellence Awards 2026 (https://www.IsDB.org) concluded today during the 30th World Investment Conference (WIC 2026) in Geneva, Switzerland, recognizing outstanding Investment Promotion Agencies (IPAs) for their contributions to sustainable investment, investment facilitation, and economic development across IsDB Member Countries.

 




  

The General Authority for Investment and Free Zones (GAFI), Egypt, received the IsDB Group- WAIPA Investment Excellence Awards 2026 for Outstanding Sustainable Investment Project for the Kom Ombo Solar PV Power Project, a landmark initiative that has delivered measurable economic, social, and environmental impact while advancing the Sustainable Development Goals (SDGs).

Invest Oman received the IsDB Group-WAIPA Investment Excellence Awards 2026 for Investment-Ready Projects, Partnerships & Facilitation Excellence in recognition of its success in developing investment-ready opportunities through effective partnerships, stakeholder coordination, and investor facilitation.

The National Investment Promotion Agency of Comoros received a Special Recognition Award for Least Developed Countries (LDCs). The agency was recognized for supporting investors at every stage, from preparing projects to aftercare.

The Awards are a joint initiative of the Islamic Development Bank (IsDB) Group and World Association of Investment Promotion Agencies (WAIPA), established to recognize Investment Promotion Agencies (IPAs) from IsDB Member Countries that are driving sustainable development, private sector growth, economic diversification, and long-term prosperity through investment.

A total of 15 applications were submitted for the 2026 edition. Following an eligibility screening process, all eligible submissions were reviewed and assessed by an independent international jury, which selected the winners based on the published evaluation criteria.

The awards were presented by Mr. Ismail Ersahin, Chief Executive Officer of WAIPA; Mr. Sahal Almarwai, Division Manager of Outreach & Events Management at the IsDB Group Business Forum (THIQAH); and Mr. Kadir Basboga, Associate Manager, Regional Integration, Cooperation & Capacity Development at IsDB. The ceremony brought together IPAs leaders, senior government officials, investors, and private sector representatives attending the World Investment Conference (WIC) 2026.

Launched during the IsDB Group Annual Meetings 2026 in Baku, Azerbaijan, the Awards reflect the evolving role of IPAs in supporting investors throughout the investment lifecycle, strengthening investment ecosystems, coordinating stakeholders, and developing bankable investment opportunities. Beyond recognizing excellence, the Awards foster peer learning and the exchange of best practices among IsDB Member Countries, helping transform investment opportunities into sustainable, impactful, and investment-ready projects.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

 




 

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Lord Nicholas Stern to headline Africa’s Green Economy Summit as continent looks towards 32nd Conference of the Parties (COP32)

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COP32

AGES 2027 brings global and African leaders together in Cape Town to focus on financing and delivering Africa’s sustainable future

CAPE TOWN, South Africa, November 11, 2026/APO Group/ –Professor Lord Nicholas Stern, one of the world’s leading authorities on the economics of climate change, will deliver a keynote address at Africa’s Green Economy Summit (https://apo-opa.co/4iRv4j7) (AGES), taking place from 23 to 26 February 2027 at the Century City Conference Centre in Cape Town. His participation comes as Africa looks towards COP32, which Ethiopia will host in 2027.

 




  

Professor Lord Nicholas Stern, IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, will address delegates during the opening keynote session: “Ready for the World: Financing and Delivering Africa’s Sustainable Future.”

A foundational figure in shaping the economic case for global climate action, Professor Lord Nicholas Stern led the landmark Stern Review on the Economics of Climate Change, which demonstrated the profound economic risks of inaction on climate change and made the case for investment in a transition to a low-carbon economy.

His participation comes as Africa enters an important period for climate action. With COP32 placing the global spotlight on the continent, the focus is increasingly shifting from ambition and commitments towards implementation: mobilising capital, building investable projects, strengthening resilience and ensuring the green transition supports economic growth, industrialisation and jobs.

“COP32 is an opportunity for Africa to change the narrative from a continent seeking climate finance to a continent offering some of the world’s most compelling green investment opportunities. AGES 2027 is about making that opportunity tangible by connecting capital with projects, policy with implementation, and ambition with delivery,” says Emmanuelle Nicholls, Group Director: Green Economy at VUKA Group.

That transition from ambition to delivery sits at the heart of the newly released AGES 2027 programme, with “Road to COP32: Africa’s Implementation Agenda” running as a cross-cutting theme throughout the summit. The opening programme also features a dedicated discussion on Africa’s adaptation and resilience agenda on the road to COP32.

New voices shaping Africa’s green economy

AGES 2027 is about making that opportunity tangible by connecting capital with projects, policy with implementation, and ambition with delivery

Professor Lord Nicholas Stern will be joined by a growing line-up of African and international leaders spanning green growth, climate finance, development finance, trade and investment.

Confirmed speakers include:

  • Mallé Fofana, Deputy Executive Director and Head of the Directorate for Green Growth Implementation at the Global Green Growth Institute
  • Satu Kahkonen, World Bank Division Director for South Africa, Botswana, Namibia, Lesotho and Eswatini
  • Haile Mekonnen, COP32 Climate Finance Representative for the Ethiopian Private Sector and member of UNECA’s COP32 Climate Finance Technical Team
  • Aakif Merchant, Director and Head of Africa at Convergence
  • Dave Chalila, Head of Africa and Middle East Investments at GuarantCo (PIDG)
  • Roslyn Ng’eno, Senior Investment Expert at the African Continental Free Trade Area Secretariat

 

The programme will examine some of the most immediate opportunities and challenges shaping Africa’s sustainable development, including energy access and green industrialisation, water security, sustainable agriculture, climate and nature finance, critical minerals, sustainable mobility, carbon finance, digital infrastructure and the mobilisation of institutional capital.

From climate ambition to capital

The COP32 conversation at AGES will be grounded in investment and delivery.

AGES 2027 is expected to bring together 700+ delegates, 150+ investors and 40 investment-ready projects representing a US$2 billion pipeline, creating a marketplace connecting African opportunities with the capital, partners and expertise required to take them forward.

New additions for 2027 include a Ministerial & Technical Leadership Roundtable, a closed-door DFI Roundtable and the Green Village, alongside investor roundtables, curated matchmaking and project pitches.

The City of Cape Town returns as host city for AGES 2027.

The full AGES 2027 programme is now available, together with the summit’s new infrastructure and SMME Dealbooks highlighting investment-ready African projects seeking capital and partnerships.

Distributed by APO Group on behalf of VUKA Group.

 




 

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South African National Petroleum Company (SANPC) Confirmed as South Sudan Oil & Power (SSOP) 2026 Platinum Sponsor as Upstream Footprint Expands

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Etu Energias

The South African National Petroleum Company is participating in the seventh edition of South Sudan Oil & Power as a platinum sponsor

JUBA, South Sudan, November 11, 2026/APO Group/ –The South African National Petroleum Company (SANPC) has been confirmed as a Platinum Sponsor of the upcoming South Sudan Oil & Power (SSOP) 2026 conference, taking place November 24–25 in Juba.

 




 
 

SANPC’s sponsorship underscores the event’s position as the country’s official platform for dealmaking and project development, connecting domestic opportunities with regional and international partners.

Returning for its seventh edition, SSOP 2026 will feature high-level panel discussions, project showcases and exclusive networking sessions aimed at aligning technical and financial capabilities with South Sudan’s energy renaissance. SANPC CEO Godfrey Moagi will lead the company’s delegation, participating in key discussions and outlining the company’s expanding exploration and investment footprint in the country.

Moagi will participate in the Regional National Oil Companies (NOC) panel, titled Resource Renaissance: Energy-Fueled Growth for a New Generation. The session will focus on cross-border cooperation to reinforce regional energy security and unlock the economic potential of South Sudan’s estimated 3.5 billion barrels of proven crude oil reserves.

The dialogue comes as South Sudan targets an output expansion from approximately 174,000 barrels per day (bpd) to 230,000 bpd in the near term, with a long-term goal of 450,000 bpd. With roughly 90% of South Sudan’s reserves undeveloped, SANPC is positioning itself as a strategic, long-term technical and commercial partner to accelerate greenfield monetization and asset optimization.

With only 30% of South Sudan’s territory systematically explored, SANPC’s technical investments are delivering critical basin knowledge to underpin future exploration rounds. These technical contributions are anchored by ongoing work in Block B2, situated in Greater Jonglei State. In 2024, SANPC completed an extensive aerial geophysical survey covering approximately 47,000 km² – one of the largest airborne mapping initiatives executed in the country. The company has since progressed toward field-level preparations, advancing terrain reconnaissance to support a planned 2D seismic campaign aimed at defining drillable prospects in partnership with Nilepet.

As South Sudan pursues new partners to advance exploration, SSOP 2026 offers a platform for SANPC to provide strategic updates on its local operations, connect with local players and explore joint ventures with regional NOCs and international service providers.

To register for South Sudan Oil & Power 2026 in Juba on November 24–25, visit: https://SouthSudanOilPower.com/.

 

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

 




 

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