Connect with us
Anglostratits

Business

Africa Energy Investment Corporation (AEICORP) Managing Director to Lead Financing Dialogue During African Energy Week 2023

Published

on

AEICORP

The African Energy Chamber is proud to announce that Zakaria Dosso, Managing Director of the Africa Energy Investment Corporation, has joined the African Energy Week conference as a keynote speaker

JOHANNESBURG, South Africa, July 3, 2023/APO Group/ — 

In 2023, lack of adequate investment represents one of the primary challenges to development across the African energy sector, with global capital trends shifting away from hydrocarbon resources as climate change becomes increasingly impactful. With oil and gas serving as a critical means for the African continent to industrialize and develop its economies, African-based financial institutions are expected to play a much larger role in financing energy developments, particularly as foreign lenders turn their attention to renewables. One such African-based institution is the Africa Energy Investment Corporation (AEICORP), whose Managing Director Zakaria Dosso has joined the African Energy Week (AEW) conference – taking place from October 16-20 in Cape Town – as a keynote speaker.

During this year’s event – which serves as the biggest gathering of energy stakeholders on the continent – Dosso will drive discussions around financing the future of African energy, exploring current challenges to investment, how regulatory frameworks can best support capital flows and the sectors with the highest potential for growth across the African energy market.

Taking place under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets,’ this year’s AEW edition aims to address Africa’s growing investment and infrastructure gaps across the oil and gas industry. While progress to electrify the continent has been made, 600 million people in Africa are still living without access to electricity while 900 million people are without access to clean cooking solutions. Additionally, countries with expanded grid connections continue to face intermittency challenges associated with inadequate generation. At the same time, Africa holds an estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of proven natural gas reserves, figures which are expected to grow as new exploration campaigns unlock sizeable hydrocarbon finds continent-wide. With lack of investment in infrastructure such as refining, power systems and energy distribution limiting resource beneficiation and maximization, stakeholders are calling for heightened investment across the entire oil and gas value chain.

We believe AEW presents an opportunity for Dosso to meet with global financial institutions and African stakeholders to sign the deals

Stepping into this picture, development finance institutions (DFI) such as the AEICORP have recognized their role in the industry, and have accelerated hydrocarbon-directed financing by serving as a bridge between private lenders and target sectors. Established by the African Petroleum Producers Organization (APPO), the AEICORP has helped maximize upstream activities across Africa as well as the deployment of the mid- and downstream infrastructure required for Africa to monetize its energy resources. Representing the partner of choice and top provider of financing for Africa’s energy sector, the AEICORP has remained committed to scaling up energy security, driving economic growth and accelerating a just and inclusive energy transition for Africa. As such, the participation of the organization’s Managing Director Dosso at AEW 2023 will be crucial for driving dialogue around ongoing investment challenges and emerging opportunities across the continent’s entire energy value chain.

An accountant and engineer by profession, Dosso has been instrumental in growing Africa’s oil and gas market with the executive working as Deputy Finance & Accounting Manager at Ivorian oil and gas company GESTOCI as well as Executive Director at the APPO Fund between August 2015 and January 2019, prior to his selection as AEICORP’s Managing Director. With a wealth of experience in financing, Dosso will be instrumental in not only providing critical insight into the state of play of Africa’s investment climate but for connecting private sector players to African energy opportunities.

“The Chamber looks forward to hosting Zakaria Dosso at this year’s edition of the AEW conference where dialogue and deal signings will be centered around investing in Africa’s energy future. Now more than ever, the continent needs capital to drill more oil and gas wells, to develop its resources and to build more pipelines and refineries. AEICORP has so far exceeded other DFIs in enabling Africa’s hydrocarbons industry to thrive. We believe AEW presents an opportunity for Dosso to meet with global financial institutions and African stakeholders to sign the deals which will accelerate the growth of African energy,” stated NJ Ayuk, the Executive Chairman of the AEC.

Dosso will participate in high-level panel discussions and exclusive networking sessions, where industry stakeholders will showcase the bankability of African oil and gas projects and the role of the industry in making energy poverty history across the continent by 2030.

AEW is the AEC’s annual energy event uniting African policymakers and stakeholders with global investors and project developers. For more information about attendance, sponsorship and partnership opportunities, visit www.AECWeek.com

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

Published

on

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.

 

 




 

Continue Reading

Business

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

Published

on

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.

 




 

Continue Reading

Business

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

Published

on

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.

 




 

Continue Reading

Trending