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African Development Bank Group-funded fisheries programme impacts two million people, drives economic transformation in 16 Southern African Development Community (SADC) countries

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African Development

$9.2 million initiative boosts cross-border fish trade to over 500,000 tonnes, creating jobs and strengthening food security across Southern Africa

A regional initiative that has overhauled aquatic resource management and boosted cross-border fish trade is now improving the lives of nearly three million people across Southern Africa —raising fish production, consumption, and incomes.

The Program for Improving Fisheries Governance and Blue Economy Trade Corridors (PROFISHBLUE) (https://apo-opa.co/3Y8pOgL) has generated cross-border trade volumes exceeding 500,000 tonnes over the past four years, creating employment, strengthening food security, and building climate resilience across 16 SADC member states.

The initiative has built capacity for over 250,000 beneficiaries across seven African Development Fund (ADF) countries (Democratic Republic of Congo, Madagascar, Malawi, Mozambique, Tanzania, Zambia, and Zimbabwe) through various trainings, knowledge transfer programs, fish quality assurance equipment and tools, and refrigerated transport vehicles.

Training covered multiple areas, including fish value chain and post-harvest utilisation, business development and SME incubation, genetic improvement programs for endemic tilapia species, common standards and policy harmonization in collaboration with bureaus of standards and customs officers, nutrition and fish product development, and blue economy investment planning and financing mechanisms.

Further support was provided for fish stock assessments on transboundary lakes, vessel monitoring systems to deter illegal fishing, and training vessel inspection and fish catch statistics.

On World Fisheries Day on 21 November, the Southern African Development Community (SADC), the African Development Bank Group, and strategic partners gathered in Gaborone to celebrate these achievements and showcase how the project has transformed fish value chains and local consumer markets since its inception in 2022.

The $9.2 million grant initiative, funded through the African Development Bank’s ADF 15, has successfully facilitated regional integration and economic development by improving fisheries governance and establishing sustainable blue economy trade corridors.

This year’s World Fisheries Day aligned closely with PROFISHBLUE’s multi-level governance and community-centered approach and measurable impact on fisheries communities throughout Southern Africa.

We embarked on an investment journey that few smallholder entrepreneurs would consider piloting technology in seaweed farming

The gathering brought together government officials, development partners, private-sector representatives, and civil society stakeholders to chart a path forward for sustainable fisheries development in the region.

Transformative Impact Across the Region

“We are indebted to the African Development Bank Group for providing funding to implement this project within the Blue Economy space,” said Director Domingos Gove on behalf of Angele Makombo Ntumba, SADC Deputy Secretary for Regional Integration. “This support has demonstrated our capacity to improve aquatic food systems for the benefit of over 380 million people in the region.”

The project has successfully demonstrated that fishery resources can be managed sustainably, equitably, and resiliently in the face of climate change and external shocks.

“The PROFISHBLUE project has shown best practices in regional integration of blue economy trade corridors and cross-border fish trade,” stated Neeraj Vij, African Development Bank’s Regional Sector Manager for Feed Africa Operations for Southern Africa. “About 3 billion people rely on global supply chains for aquatic-sourced food, contributing $300 billion annually to the global economy. This project demonstrates how strategic investment in fisheries governance can create competitive value chains that provide jobs and livelihoods while eradicating extreme poverty, especially in rural areas.”

Vij reaffirmed the African Development Bank Group’s commitment to expanding support for blue economy initiatives across SADC Member States.

Key implementing partners include the Food and Agriculture Organization (FAO), the United Nations Industrial Development Organization (UNIDO), the Worldwide Fund for Nature (WWF), WorldFish, and the African Organization for Standardization (ARSO).

Director of Fisheries and Apiculture in Botswana’s Ministry of Lands and Agriculture, Kagisanyo Bedi, commended the initiative for creating a crucial platform for learning and exchange of ideas among regional stakeholders in the region.

The celebration featured testimonials from women in fisheries who shared how the project has enhanced their livelihoods, underscoring the project’s inclusive development approach.

“We embarked on an investment journey that few smallholder entrepreneurs would consider piloting technology in seaweed farming. We appreciate the opportunity…” said Hifadhi Hai, a project participant from Tanzania.

“This was echoed by a fish processor, Tamala Mtambo of the Twiyule Fish Cooperative, Malawi: “ProFishBlue supported us to turn fish processing into progress.”

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

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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