Connect with us
Anglostratits

Business

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

Published

on

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.

Business

African Energy Leaders Call for Action on South-South Oil and Gas Partnerships

Published

on

African Energy Chamber

At AEW 2026, industry representatives from Africa and the Caribbean say joint ventures, enforceable local-content rules and regional financing are needed to turn petroleum resources into domestic industrial growth

CAPE TOWN, South Africa, October 17, 2026/APO Group/ –African and Caribbean energy leaders called for stronger cross-border investment, technology transfer and enforceable local-content requirements to ensure emerging oil and gas producers capture more value from their resources during the session South-South Energy Partnership: Advancing Africa’s Oil and Gas Future in 2026 at African Energy Week (AEW) 2026 in Cape Town.

 




 
 

Ndapwilapo Selma Shimutwikeni, CEO, RichAfrica Consultancy, said partnerships could accelerate skills development.

“From a business perspective, we need to build partnerships that encourage joint ventures between experienced countries and emerging countries like Namibia,” she said. “We need to look beyond just oil production and actually look at the entire value chain.”

Building on Shimutwikeni’s remarks, Gilbert Yevi, Lead Consultant, Grenada Hydrocarbon Technical Working Group, called for partnerships that share risks and benefits rather than simply replace one source of financing with another.

We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits

“We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits,” he said.

Yevi also advocated regional training centers to pool expertise and help emerging producers access established industry capabilities.

Expanding on the topic of local content, Eric Williams, Principal Consultant and President, Royal Triangle Energy Solutions, said policies must be linked to a broader national development strategy, using petroleum resources to build domestic industries rather than focusing solely on exports.

“The Trinidad model is about using the molecules to develop the country,” he said, arguing that this vision should shape negotiations with upstream investors and the terms of petroleum contracts.

Omar Farouk Ibrahim, Regional Chair for Africa, World Energy Council, said national sovereignty concerns continued to limit practical regional cooperation, despite public commitments to collaboration.

“The first question they ask is: ‘Will the industry be in my territory?’ If it’s not, why should I? And for as long as we have this mentality, believe me, this cooperation and collaboration we’re talking about will just be theory,” he said.

Across the discussion, speakers emphasized that cooperation must translate into financing, enforceable commitments and local capabilities that endure beyond individual projects.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Business

Nigeria NOW! opens its project boardrooms to global investors in Abuja

Published

on

Nigeria

With Nigeria’s annual mining revenue up more than tenfold to above N70bn, Nigeria NOW! brings global investors to Abuja on 19 and 20 November, where the Minister of Solid Minerals Development is Chief Host

First and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business

LONDON, United Kingdom, October 21, 2026/APO Group/ –Platinum group metals, gold, nickel, copper, lithium and rare earth elements lie together in one mineral province in Kaduna State, which the Minister of Solid Minerals Development announced in June as world-class and the Nigerian Geological Survey Agency has verified. The Ministry opens its doors to global investors at Nigeria NOW!, held at the Bola Ahmed Tinubu International Conference Centre in Abuja on 19 and 20 November.

 




  

Processing is following the discoveries, as lithium facilities of $600m in Nasarawa State and $200m near Abuja sit alongside a $400m rare earth processing project in Nasarawa, and mining lease applicants must now submit value-addition plans. Annual mining revenue has risen from about N6bn before the current administration to more than N70bn by the end of 2025.

The routes to export markets are moving too, as the Federal Executive Council has approved deep seaports at Bakassi and Ondo as public-private partnerships, with the Bakassi port alone valued at $2.27bn.

With a month to go, investors and developers travelling to Abuja will meet these projects at close quarters. In investor boardrooms, the Government of Nigeria will review specific projects in depth, from large-scale infrastructure to multilateral programmes such as Mission 300.

Speaking to Energy News Network in September, Tunde Arisekola, Senior Advisor, Geological and Minerals Information at the African Minerals Development Centre, who joins the minerals session on the first day, said that “first and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business”. In the same interview he described Nigeria’s economy as “stable, safe, peaceful and welcoming to all international investors”.

The programme opens with a welcome from the Chief Host, H.E. Dr Oladele Henry Alake, Minister of Solid Minerals Development, followed by sessions on how the Ministry of Power will drive capacity into Nigeria’s industrial hubs and on the policies opening the minerals sector to foreign investment, including domestic processing and value addition. The second day turns to the pipeline of transport and port infrastructure and the $1bn Domestic Green Bond, and closes with an investors’ clinic on the 2025 Tax Act.

Lagos State Government, a Nigeria NOW! partner, now regulates its own electricity market after NERC transferred oversight to the Lagos State Electricity Regulatory Commission. Hon. Biodun Ogunleye, Lagos State Commissioner for Energy and Mineral Resources, told Energy News Network that “capital follows bankable cashflows”. The state’s job, he said, is “to create both the infrastructure plan and the commercial architecture that makes that plan financeable”.

On Friday 20 November, YES! Nigeria runs alongside the main programme under the theme “Empowering Today’s Entrepreneurs, Building Tomorrow’s Industrialists”. Abuja University and Philomath University are partners, and the Youth Sustainable Development Network is Community Partner. Its opening session hands the stage to young Nigerians already at work in the sector, among them Damilola Hamid Balogun of YSDN and Emmanuel Terwase of Boost Power.

Nigeria NOW! is held under the patronage of the Minister of Solid Minerals Development, with the Lagos State Government, the Nigerian Indigenous Women in Mining & Natural Resources Organisation, Women in Mining, Nextier and The Electricity Hub as partners.

Distributed by APO Group on behalf of EnergyNet Ltd..

 




 

Continue Reading

Business

Global Islamic finance industry assets to reach US$10.5 trillion by 2030 as adoption broadens

Published

on

Global Islamic finance

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge

For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation

KUALA LUMPUR, Malaysia, October 21, 2026/APO Group/ –LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development Report at the Kuala Lumpur Islamic Finance Forum (KLIFF) in Malaysia.

 




  

Key findings of the report include:

  • The global Islamic finance industry maintained a strong growth trajectory in 2025, with total assets reaching US$6.5 trillion, up 9% year-on-year. Growth was supported by the continued expansion in Islamic banking, record sukuk issuance, strong Islamic fund performance, and new regulatory frameworks.
  • Malaysia, Saudi Arabia, the United Arab Emirates, Indonesia, and Pakistan retained their positions as the world’s most developed Islamic finance markets. These countries continued to benefit from comprehensive regulation, strong institutional development, active financial markets, and well-established knowledge ecosystems.
  • Several markets recorded notable gains in performance, including Türkiye, Tanzania, Kenya, Benin, Azerbaijan, and Uzbekistan, highlighting the growing momentum across both established and emerging Islamic finance markets.

The report also identified several structural trends that are shaping the industry’s development. Regulatory reforms and stronger market infrastructure are supporting growth beyond core markets, particularly across Africa and Central Asia. Sustainability guidelines are increasingly prioritised, although activity remains concentrated in developed markets. Digitalisation is also advancing, with FinTech, open banking, and tokenised sukuk influencing financing, issuance, and settlement while widening access to financial products. However, talent development is lagging industry expansion, emphasising the need for stronger specialist education.

Khalid Khalafalla, Acting Chief Executive Officer of ICD, said: “For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation. ICD remains committed to advancing private-sector development across its member countries through targeted financing and the promotion of Islamic financial solutions.”

Mustafa Adil, Head of Islamic Finance, LSEG, added: “Looking ahead, global Islamic finance assets are projected to exceed US$10.5 trillion by 2030, supported by continued Islamic banking expansion, growing sukuk issuance momentum, emerging-market adoption and demand for sustainable and digital financial solutions.”

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge. It provides a holistic view of the global Islamic finance landscape, measuring progress in alignment with Islamic principles and supporting stakeholders in identifying opportunities for growth and reform.

Read full report: Link (https://apo-opa.co/3TTw9yq)

Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

 




 

Continue Reading

Trending