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African Energy Chamber (AEC), Empresa Nacional de Hidrocarbonetos (ENH) Forge Strategic Alliance to Unlock Mozambique’s Next Energy Growth Phase

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Mozambique

The African Energy Chamber and ENH have strengthened ties to accelerate investment, local content and private sector participation as Mozambique’s $50 billion gas industry expands

MAPUTO, Mozambique, July 24, 2026/APO Group/ –The African Energy Chamber (AEC) (www.EnergyChamber.org) is strengthening its collaboration with Mozambique’s national oil company Empresa Nacional de Hidrocarbonetos (ENH), following a productive working meeting that reinforces a shared commitment to accelerating investment, expanding local content and unlocking new commercial opportunities across the country’s hydrocarbon value chain.

The collaboration reflects a shared vision to position Mozambique as one of Africa’s most competitive energy investment destinations while creating lasting value beyond individual projects. By aligning the Chamber’s global investor network with ENH’s national development priorities, both organizations aim to accelerate capital deployment, strengthen industry collaboration and support the country’s long-term energy ambitions.

This strategic synergy comes at a pivotal moment for Mozambique.

Following the lifting of force majeure on its flagship LNG developments in late 2025, the country has entered one of the world’s largest energy construction cycles. More than $50 billion has now been mobilized across the Rovuma Basin, positioning Mozambique to become one of the world’s premier LNG exporters over the coming decade.

Under the joint initiative, the Chamber will work closely with ENH to strengthen international investment outreach, support policy dialogue and help address regulatory and operational challenges that influence project execution. The pact will also prioritize local content development by helping expand technical skills, strengthen domestic supply chains and increase Mozambican participation throughout the oil and gas industry.

The timing is significant as Mozambique’s largest developments continue to gather momentum.

Our meeting with ENH marks the beginning of an even stronger alliance focused on unlocking Mozambique’s full energy potential

TotalEnergies’ $20.5 billion Mozambique LNG project officially resumed full construction on January 29, 2026, after force majeure was lifted on November 7, 2025. More than 4,000 workers have returned to site as the 13.1-million-ton-per-annum project targets first LNG in the first half of 2029.

At the same time, ExxonMobil’s $30 billion Rovuma LNG development continues advancing engineering ahead of a final investment decision, while Eni’s Coral Norte FLNG project, sanctioned in 2025, is expected to double Area 4’s FLNG production capacity when it comes online in 2028. Together, these projects are transforming Mozambique into one of Africa’s largest destinations for upstream capital.

Beyond LNG exports, ENH has identified onshore exploration and production as a strategic priority. Working alongside the AEC, the company is seeking to attract new international upstream investors into Mozambique’s onshore basins while advancing its long-term ambition of becoming a direct field operator. The strategy complements progress at the Búzi Block, where ENH holds a 25% interest and commercial gas production remains on track before the end of 2026 following recent seismic acquisition campaigns.

Domestic gas monetization also represents a central pillar of ENH’s growth strategy. The company is pursuing projects that will convert Mozambique’s abundant gas resources into higher-value industrial products through the development of a domestic petrochemical industry. Combined with the 30-year concession awarded in November 2025 to develop LNG imports and gas infrastructure alongside Mozambique Ports and Railways, Electricidade de Moçambique and Hidroeléctrica de Cahora Bassa, ENH is positioning itself at the center of Mozambique’s future gas economy.

Following a strategic agreement with Baker Hughes signed in February this year to provide advanced technical training for Mozambican professionals in Dubai and Florence, the company is also investing heavily in local capability. The initiative supports the government’s broader objective of ensuring domestic companies capture a larger share of the more than $4 billion in contracts earmarked for local businesses across the country’s LNG development.

“Our meeting with ENH marks the beginning of an even stronger alliance focused on unlocking Mozambique’s full energy potential,” says NJ Ayuk, Executive Chairman, AEC. “By combining investment promotion with local content development and private sector engagement, we can accelerate project delivery while ensuring the country’s world-class resources create lasting value for Mozambique and its people.”

The AEC fully supports ENH ‘s strategy to capture immediate commercial opportunities across the upstream, midstream and downstream sectors.

Under the leadership of the company’s new CEO and Chairman Rudêncio Morais, ENH is building a world-class national energy company capable of attracting investment while expanding local participation. The Chamber will continue working alongside ENH to facilitate private sector entry and help maximize the long-term economic value of Mozambique’s world-class hydrocarbon resources.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Africa Finance Corporation (AFC) Deepens Angolan Investment Drive as Angola Oil & Gas (AOG) 2026 Elite Sponsor

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Africa Finance Corporation

With close to $1 billion invested in the country and a growing role in energy and infrastructure financing, the institution is positioning itself as a strategic financial partner for Angola

Multilateral finance institution the Africa Finance Corporation (AFC) is expanding its role in Angola’s energy and infrastructure sectors, having invested close to $1 billion across the country’s power, rail, logistics and critical minerals industries. Reflecting its growing commitment to the market, the institution has joined the Angola Oil & Gas (AOG) Conference & Exhibition as an Elite Sponsor ahead of this September’s event in Luanda.

 

The sponsorship comes as AFC and Angola continue to strengthen their partnership. In 2025, Angola became a sovereign shareholder in AFC through a landmark $184.8 million equity investment commitment, reinforcing the institution’s role in mobilizing capital for strategic projects across the country. Angola’s Sovereign Wealth Fund also invested $25 million in AFC, further demonstrating the country’s confidence in the pan-African infrastructure financier.

That partnership is already translating into major transactions. In July 2026, AFC reached financial close on a $753 million financing package for the Lobito Corridor Railway Project, serving as Co-Financial Adviser alongside Eaglestone. The financing includes $553 million from the U.S. International Development Finance Corporation and $200 million from the Development Bank of Southern Africa and will support the rehabilitation, upgrade and long-term operation of the 1,300-km railway linking the Port of Lobito with the Democratic Republic of Congo border.

Beyond transport infrastructure, AFC is also supporting Angola’s upstream oil and gas industry. The Corporation invested $60 million as part of a $190 million debt facility backing Angolan independent Etu Energias’ acquisition of interests in offshore Blocks 14 and 14K. The transaction enabled Etu Energias to acquire a 20% stake in Block 14 and a 10% stake in Block 14K, doubling its net production at the time from approximately 9,000 to 19,000 barrels per day.

AFC’s participation at AOG 2026 reflects its expanding footprint in Angola and creates new opportunities to engage with project developers, operators and government stakeholders. As the country’s premier oil and gas event, AOG has established itself as the leading platform for advancing investment, financing and partnerships across Angola’s hydrocarbon value chain.

Taking place on September 9-10, with a pre-conference program on September 8, AOG 2026 will bring together government officials, financiers, operators, service companies and investors to examine the opportunities shaping Angola’s energy future. As an Elite Sponsor, AFC will showcase its expertise in structuring and mobilizing capital for large-scale African infrastructure and energy projects while reinforcing its long-term commitment to Angola’s economic development.

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

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Sputnik Africa Joins African Energy Week 2026 as Media Partner

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African Energy Chamber

Sputnik Africa joins African Energy Week 2026 as a Media Partner, expanding international coverage of Africa’s energy investment opportunities and partnerships

CAPE TOWN, South Africa, July 28, 2026/APO Group/ –Sputnik Africa has joined African Energy Week (AEW) 2026 as an official Media Partner, expanding the event’s international media reach ahead of the conference taking place on October 12-16 in Cape Town. The partnership strengthens global visibility for Africa’s premier energy investment platform.

As an official Media Partner, Sputnik Africa will help amplify discussions surrounding investment opportunities, policy developments and commercial partnerships emerging from the conference. The collaboration broadens AEW’s engagement with audiences across Africa and internationally while expanding coverage of major announcements, strategic dialogues and project developments taking place throughout the event.

The 2026 program features an expanded agenda focused on investment mobilization across the energy value chain. Town Hall sessions will examine fiscal reforms and regulatory competitiveness, while the Upstream E&P Forum will address frontier exploration, gas development and regional cooperation. dedicated finance, downstream and technology tracks will further explore infrastructure investment, AI adoptions and digital transformation.

Country spotlights will showcase licensing rounds, upstream opportunities and national reform programs from African producers seeking new investment. These sessions will provide international companies and financial institutions with direct access to policymakers and project developers while highlighting commercially attractive opportunities spanning hydrocarbons, power generation, infrastructure and emerging energy technologies.

African Energy Week has always been about connecting Africa’s energy opportunities with global investors, technology leaders and strategic partners

As such, Sputnik’s participation reflects its growing presence across the continent through multilingual news coverage and regional broadcasting platforms. Publishing in English, French, Swahili and Amharic, the outlet covers diplomacy, business, infrastructure, technology and economic developments affecting African markets while expanding distribution through digital platforms, FM radio and institutional media partnerships.

In recent months, Sputnik Africa has expanded coverage of Russia-Africa economic cooperation, infrastructure investment, transport connectivity and energy collaboration. The platform has also reported extensively on discussions surrounding nuclear energy, industrial development, AI governance and broader Global South partnerships, reflecting growing international interest in Africa’s evolving economic landscape.

The organization has steadily expanded its physical footprint since establishing its first African editorial center in Addis Ababa, Ethiopia, in February 2025. The bureau serves as a production hub for English and Amharic programming while supporting locally produced reporting and strengthening the organization’s long-term presence on the continent.

Operational growth continued through the launch of FM broadcasting services in Ethiopia before expanding radio operations into additional African markets, including Burkina Faso. Sputnik Africa has also broadened institutional engagement through journalism training initiatives and educational partnerships, including collaboration with the University of Education, Winneba in Ghana under its SputnikPro program.

“African Energy Week has always been about connecting Africa’s energy opportunities with global investors, technology leaders and strategic partners. Sputnik Africa’s participation as a media partner expands the reach of those conversations, helping showcase the projects, policies and partnerships that are driving the continent’s energy future to audiences across Africa and beyond,” says NJ Ayuk, Executive Chairman, African Energy Chamber.

The partnership between Sputnik Africa and AEW 2026 reinforces the conference’s commitment to engaging a broad international media network capable of showcasing Africa’s investment story to global audiences. By expanding coverage across multiple languages and regions, the collaboration supports greater visibility for investment opportunities, policy reforms and commercial partnerships shaping Africa’s evolving energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

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Afreximbank’s largest ever bond issuance raises US$1.5 billion

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Afreximbank

The transaction attracted strong demand from international investors across the UK, Europe, Asia and the United States, with the order book peaking at US$3.8 billion

CAIRO, Egypt, July 28, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (https://www.Afreximbank.com/) has successfully priced a US$1.5 billion dual-tranche Reg S/144A senior unsecured benchmark Eurobond, marking its first US dollar public bond issuance since July 2021 and its largest bond issuance to date. The bond was issued in two tranches: US$750 million with a 5.5-year tenor, maturing in January 2032, and US$750 million with a 10-year tenor, maturing in July 2036.

This successful issuance shows the confidence that investors continue to place in Afreximbank and in Africa’s growth story

The transaction attracted strong demand from international investors across the UK, Europe, Asia and the United States, with the order book peaking at US$3.8 billion. The issuance was approximately two times oversubscribed, with demand evenly split across both tranches. Supported by the robust demand, Afreximbank tightened pricing by 37.5 basis points on each tranche, resulting in final yields of 6.25% for the 5.5-year tranche and 7.125% for the 10-year tranche.

This successful return to the US dollar public bond market follows the Bank’s issuances in alternative formats and currencies in recent years, including Samurai bond issuances in 2024 and 2025 and a Panda bond issuance in 2025.Commenting on the transaction, Chandi Mwenebungu, Afreximbank’s Managing Director, Treasury and Markets, and Group Treasurer said, “This successful issuance shows the confidence that investors continue to place in Afreximbank and in Africa’s growth story. For us, this is a clear sign that the market continues to believe in Afreximbank’s work and in Africa’s economic prospects. Our role remains to connect capital to the opportunities that will drive trade, industrialisation and growth across the continent.”

HSBC Bank plc acted as the Global Co-ordinator, while Standard Bank of South Africa Limited, Standard Chartered Bank, Commerzbank Aktiengesellschaft and MUFG Securities EMEA plc, acted as Joint Lead Managers and Joint Bookrunners. This transaction marks another milestone in Afreximbank’s funding journey and underscores the bank’s continued ability to access international capital markets on competitive terms while connecting global capital to Africa’s long-term growth story.

Distributed by APO Group on behalf of Afreximbank.

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