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African Development Bank projects improve job opportunities for young people in Cameroon

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African Development Bank

The meeting saw significant participation from female entrepreneurs and young graduates who have benefited from work placements in projects financed by the Bank

YAOUNDÉ, Cameroon, April 16, 2024/APO Group/ — 

The African Development Bank (AfDB) (www.AfDB.org) has underscored the success of its program aimed at bolstering job opportunities for young people in Cameroon.

At a meeting convened in Yaoundé on April 9, 2024, chaired by Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration, and Business Delivery, stakeholders across various sectors gathered to discuss the Bank’s Program to Support Youth Employability in Cameroon.

The meeting saw significant participation from female entrepreneurs and young graduates who have benefited from work placements in projects financed by the Bank.

The event took place just ahead of the official inauguration of the African Development Bank Group’s regional office for Central Africa, signaling the Bank’s unwavering commitment to regional development.

Alongside young interns engaged in professional immersion within Bank-funded projects, the gathering also brought together male and female entrepreneurs active in agriculture, fishing, livestock, fish farming, and young women supported by the Bank to establish their own businesses. Additionally, managers from project management units were in attendance.

According to Serge N’Guessan, Director General of the Bank Group for Central Africa and head of the Bank’s Country Office in Cameroon, interns are deployed to projects in roles such as disbursement or contract award assistants, assistant engineers for road projects, archivists, among others.

N’Guessan revealed that 284 young individuals had already benefited from 12-month placements, providing them with valuable opportunities to integrate into various workplace settings, including projects funded by the Bank or other donors, as well as the private or public sectors. Notably, seven of them have secured positions within the Ministry of Public Works.

As the program prepares to receive its seventh cohort of interns, it has significantly contributed to integrating the majority of beneficiaries into the workforce.

We offer guarantees to commercial banks so that they can lend to female entrepreneurs

Dieudonné Toukea, one of the program beneficiaries, shared her experience, underscoring the opportunities afforded by her initial exposure to the workplace, which enabled her to pursue her aspirations in the consultancy field.

“This initial experience really opened up opportunities for my friends and me. It gave me the chance to develop other activities after my placement and look for additional qualifications, which means I can now pursue a career in consultancy. Thank you for the opportunity we were given,” she said.

The participants advocated for the opening up a fund to finance entrepreneurs and for more opportunities to work on Bank projects. Finally, they hoped that the process of creating a web platform for networking with former interns could be speeded up.

Marie-Laure Akin-Olugbade reasserted the importance of self-employment, especially for young people and women, emphasizing the Bank Group’s support through initiatives such as AFAWA (Affirmative Finance Action for Women in Africa). She highlighted collaboration with commercial banks to make access to credit easier for female entrepreneurs, emphasizing their reliability and greater capacity for repaying loans.

“We work with the commercial banks and offer them guarantees that help them to lend to female entrepreneurs. We also organize training for credit managers in banks to raise their awareness about being more open to funding applications submitted by women, since – contrary to popular belief – there is little risk in lending to women and women are best when it comes to repayments,” she stated.

“The project here in Cameroon is unique and I urge you to seize the opportunity, keep training and improve your skills to be even more competitive in the labour market,” the Vice-President of the Bank Group told the young people present. She pointed out that Africa needed to find work for the 12 million jobseekers who joined the labour market every year.

The meeting was also an opportunity for Jeanine Nkodo, coordinator of the Agricultural Value Chain Development Project, to highlight the specific efforts to support female entrepreneurs in this sector.

The Vice-President concluded by speaking about the Bank’s recent adoption of its ten-year strategy, which puts young people and women at the heart of its priorities. She also reaffirmed the Bank’s role as one of Cameroon’s key partners, particularly in terms of infrastructure funding and support for regions in crisis.

The Bank is also keen to support large businesses, particularly in the private sector, to encourage greater openness to young people and women.

“The Bank is open to providing funding to support these interns’ projects to help them integrate into society and the workplace by starting their own businesses,” said the Vice-President.

“We offer guarantees to commercial banks so that they can lend to female entrepreneurs” – Marie-Laure Akin-Olugbade, Vice-President for Regional Development, Integration and Business Delivery

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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Etu Energias

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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Energy

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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