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African Countries Must Oppose Measures at COP27 that Prevents Africa from Making Full Use of its Fossil Fuels (By NJ Ayuk)

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COP27

The world’s wealthy nations’ green agenda ignores Africa – or at least, it dismisses our unique needs, priorities and challenges

JOHANNESBURG, South Africa, November 4, 2022/APO Group/ — 

By NJ Ayuk, Chairman of African Energy Chamber (http://www.EnergyChamber.org).

I am going to COP27 because I believe if Africa is not on the table it will be on the menu. Let me be clear, those of us who are advocating for African countries to continue using their oil and gas resources are not “ignoring” the world’s green agenda – we’re simply not willing to embrace the world’s timetable for transitioning to renewable fuels at the expense of our own energy security and economic well-being.

The way we see it, the world’s wealthy nations’ green agenda ignores Africa – or at least, it dismisses our unique needs, priorities and challenges.

The green agenda of developed nations further ignores the tremendous role that Africa’s oil and gas industry plays in generating African countries’ revenue. Oil revenues represent at least 20% of GDP in Libya, Algeria, Gabon, Chad, Angola, and The Republic of Congo. In Nigeria, one Africa’s main oil producers, oil represents a more modest percentage of real GDP – about 6% – however, oil and gas account for 95% of foreign exchange income and 80% of government revenues.

The green agenda of wealthy nations ignores those of us who point out that natural gas has the potential to bring life-changing prosperity to the continent in the form of jobs, business opportunities, capacity building and monetization. It ignores the sustainable, logical path we’re proposing, which is  using our resources, natural gas in particular, to help us meet current needs and to generate revenue that can help pay for our transition to renewables.

The wealthy nations’ green agenda does not consider how much Africa needs natural gas to bring electricity to the growing number of Africans living without it. They do not understand that we, as Africans, are focused on growing Africa’s energy mix to include fossil fuels and renewables, instead of insisting on an all or nothing approach to our energy transition.

Around 600 million Africans lacked access to electricity before the pandemic; and it appears that this figure is growing. According to the International Energy Agency, during 2020 some gains in access were reversed, with as many as 30 million people who previously had access to electricity no longer able to afford it. 

Considering that universal access to affordable, reliable electricity is one of the UN’s sustainable development goals – meaning it’s a basic human right – the huge and growing number of Africans without electricity is morally wrong, and it cannot be ignored.

Unfortunately, climate panic and fear mongering are alive and well, and for some reason, Africa is public enemy number one. A continent that emits a negligible amount of carbon dioxide, at most, 3% of the world’s total, is being disproportionately pegged as a threat to the planet by developed nations.

In particular, the West is vilifying Africa’s energy industry because it is based on fossil fuels, even though the proportion of renewables is growing.  There’s no question that much of this anti-African oil and gas sentiment is based in fear of climate change, which is Interwoven with the sheer terror that a fossil fuel boom in Africa could be devastating to the world at large.

Africa is vulnerable to climate change.

There’s no denying that climate change is affecting Africa. One has only to look at the extended drought in the south to see how devastating things can be when customary weather patterns are disrupted.

The thing is, Africa is being affected by a crisis NOT OF ITS OWN MAKING. If contributing just 3% of global emissions could cause issues like what we’re seeing in Somalia, for example, the world’s nations that produce far more greenhouse gases should be dried up, under water, blown away, or burned to a crisp by now.

Consider this: Prominent American climate activist Bill McKibben said that the world can’t fight climate change if Total Energies and Uganda goes through with building the East African Crude Oil Pipeline. Yes, according to McKibben, that one action will derail the entire carbon reduction scheme and offset anything any of the world’s other countries are doing to reach net zero. Seems ridiculous, doesn’t it?

What’s even more perplexing—or perhaps outlandish—is that McKibben has taken aim at a pipeline that will transport just 210,000 barrels of oil per day. That’s roughly equivalent to 1.8% of the total output of the U.S., but he claims it must be stopped, or everything falls apart. What’s the point of any climate effort anywhere if it can be undone by a relatively small pipeline that might actually be a lifeline in one of the world’s most impoverished nations?

But let’s define what truly constitutes a boom in Africa. 

Energy use on the continent is still very low. So low, in fact, that researchers writing in Foreign Policy magazine estimate that if the one billion people living in sub-Saharan Africa tripled electricity using natural gas, the additional emissions would equal just 0.62% of global carbon dioxide.

Energy use on the continent is so low that the average African consumes less electricity per year than an entire American family’s refrigerator.

At the same time, authors Todd Moss and Vijaya Ramachandran, from the Energy for Growth Hub, say the world is greatly overestimating how much natural gas Africa will generate between now and 2030. They cite a study in Nature Energy that claims the forecast for new gas generation in West Africa is five times the region’s new gas potential. Obviously, there’s some mathematical mismatch in the study. 

We have to ask ourselves: Will fossil fuel development in Africa signal an end to all of the world’s good intentions and net zero ambitions?  Or is this an example of ‘green colonialism?’

I find it interesting that a Financial Times’ public poll, on the day it announced I was going to have an Oxford style debate on this issue, suggested that people are not at all convinced that African countries should abandon oil and gas – 70% of the 619 respondents took my position that Africa should make full use of its fossil fuels.

Energy use on the continent is so low that the average African consumes less electricity per year than an entire American family’s refrigerator

How can we build a successful African energy movement?

I believe the ultimate responsibility for getting there is ours and no one else’s. Yes, we need partners to walk alongside us, but the success of our energy movement rests on African shoulders. To begin with, I am happy to see African energy stakeholders speaking with  a unified voice about African energy industry goals thanks to African Energy Week. Africa Oil Week did everything to divide our voices and we stood firm and brought the Africa upstream, midstream and downstream together and we signed deals at African Energy Week.

This will be particularly important as we go into COP27 in Egypt. It is imperative that African leaders present a unified voice and strategy for African energy transitions. We must make Africa’s unique needs and circumstances clear and explain the critical role that oil and gas will play in helping Africa achieve net-zero emissions in coming decades.

Western Support to Africa

But, I would love to see Western governments, businesses, financial institutions, and organizations support our efforts.

How? They can avoid demonizing the oil and gas industry. We see it constantly, in the media, in policy and investment decisions, and in calls for Africa to leave our fossil fuels in the ground. We see it with lawsuits to stop financing of Mozambique LNG or lawsuits to prevent Shell from even carrying out a seismic survey. Actions like these, even as Western leaders have pushed OPEC to produce oil, are not fair, and they’re not helpful. Even as western countries are pushing to increase their own production and escalating coal use.

I also would respectfully ask financial institutions to resume financing for African oil and gas projects and stop attempting to block projects like the East African Crude Oil pipeline or Mozambique’s LNG projects.

Africa is already suffering.

The 600 million-plus Africans without electricity are suffering. The 890 million Africans without a means of clean cooking are suffering.

I would argue that if we want to protect Africans from harm and misery, we must embrace our natural gas resources.

Natural gas has a lower environmental impact than other fossil fuels. According to the U.S. Energy Information Administration (EIA), switching thermal power plants from coal to gas was the main reason why the U.S. power-generating sector saw carbon dioxide emissions sink by 32% between 2005 and 2019.

What’s more, natural gas is indispensable in multiple ways. It is part of modern development, used for clean cooking, process heat, transportation, and as a feedstock for fertilizers.

We can’t overlook how important fertilizers are, considering the millions and millions of people who are food insecure across the globe or “teetering on the edge of famine,” as the UN World Food Program puts it.

The rise in food insecurity is often attributed to conflict, and the battles between Russia and Ukraine prove that point. Since the conflict began between the two large producers of wheat and grain, global food prices have skyrocketed. Considering how Russia has shut down natural gas exports, it’s no surprise that fuel and fertilizer prices have also shot up.

In fact, the increase in fertilizer costs is having as much of an effect on food prices as the conflict in Ukraine. When farmers can’t afford fertilizer (which is more often the case in poor countries than rich ones), crop yield diminishes, food prices skyrocket, and more people are left hungry. Right now, the U.N. Global Crisis Response Group says, more than 60 countries are now struggling to afford food imports. It should come as no surprise that many of them are in Africa.

Using African natural gas to fill the fertilizer feedstock gap will go a long way in mitigating those problems and putting food on the table worldwide. If Africa is allowed to develop its resources, there will be plenty of natural gas to go around.

Natural gas helps the world meet its climate targets faster and can help solve the world’s hunger crisis.

And they’re not alone.

Think about Europe, which is scrambling to line up enough oil, gas, and coal for the winter— and are looking to Africa for supplies – or consider the results of a 2022 Pew Research Survey of 10,237 U.S. adults about America’s energy transition. Only 31% believed that the U.S. should phase out oil, gas, and coal completely, while 67% called for cultivating a mix of fossil fuels and renewable energy sources.

So my question is, why should we in Africa give up our fossil fuels – fuels that represent solutions to some of our most pressing needs – when so many others question the wisdom of doing the same?

We shouldn’t. And we shouldn’t be forced to.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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