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African Energy Chamber (AEC), Equatorial Guinea Discuss Hydrocarbon Regulation, Enabling Environments

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African Energy Chamber

The African Energy Chamber met with Equatorial Guinea’s Vice Minister of Mines and Hydrocarbons, H.E. Domingo Mba Esono, to discuss how the country can strengthen its investment environment and the role African Energy Week will play in securing new capital for Equatorial Guinean energy projects

JOHANNESBURG, South Africa, March 7, 2023/APO Group/ — 

As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org), remains committed to facilitating investment across the continent in pursuit of making energy poverty history by 2030. This week, the Chamber met with Equatorial Guinea’s newly appointed Vice Minister of Mines and Hydrocarbons, H.E. Domingo Mba Esono, where discussions centered on strengthening both the country’s and the CEMAC region’s attractiveness as an investment destination.

After congratulating H.E. Esono’s appointment as Vice Minister of Mines and Hydrocarbons in February 2023, the AEC went on to discuss the organization’s openness and willingness to support the Ministry as it moves to unlock sizable and long-term growth across the natural resource sector. As a country rich with oil (1.1 billion barrels) and natural gas (1.5 trillion cubic feet), Equatorial Guinea is committed to positioning itself as a regional hub, with initiatives such as the Gas Mega Hub – a comprehensive framework that aims to monetize offshore regional gas reserves while consolidating the country’s position as Africa’s top processing hub – representing key drivers of investment and global player participation. 

Equatorial Guinea’s oil and gas resources, as well as its critical role as a regional hydrocarbon hub, represent the solution to addressing energy poverty in Africa

While the initiative has been largely successful to date, significant levels of investment are still needed if the country is to unlock the full potential of its resources, while scaling up production capacity and exports. As such, the AEC-Equatorial Guinea meeting discussed the need for the country to adapt its hydrocarbon regulations to attract more investment in the sector, particularly as the country begins to compete with other African nations and regions which have more flexible regimes.

Forming a key member of the wider CEMAC region, Equatorial Guinea’s restrictions regarding securing investment can be somewhat attributed to unfavorable policies implemented under regional law. The AEC has called for amendments to CEMAC regulations to enable countries such as Equatorial Guinea to attract the investment they need, but domestic regulatory reforms are also needed to enhance competitiveness. During the meeting, both the AEC and H.E. Esono emphasized this very point while highlighting the role the upcoming Hydrocarbons Law is set to play in incentivizing investment, with terms and policies implemented under this important piece of legislature likely to accelerate capital commitments across the country.

“Equatorial Guinea’s oil and gas resources, as well as its critical role as a regional hydrocarbon hub, represent the solution to addressing energy poverty in Africa, kickstarting a new era of industrialization while unlocking long-term and sustainable socioeconomic growth. While the country has been largely successful with regards to monetizing both domestic and regional offshore resources, opportunities for sectoral expansion call for heightened foreign investment as well as global players participation. As such, there has never been a more critical time for the country to establish an enabling environment for investment,” stated Leoncio Amada NZE, Executive President of the African Energy Chamber, CEMAC region, adding that, “The country needs to make some sacrifices in terms of regulations that will favor investment. By putting in place attractive fiscal terms, Equatorial Guinea will be well positioned to maximize the full potential of the entire region’s energy resources.” 

Currently, Equatorial Guinea – under the leadership of the newly appointed Ministry of Mines and Hydrocarbons, H.E. Antonio Oburu Ondo, as well as Vice Minister H.E. Osono – has set forth an ambitious exploration and production agenda that hinges on the country’s ability to secure foreign investment. As declines in legacy fields begin to pose a threat to production, the country is seeking fresh capital and partnerships with the aim of increasing exploration and adding new reserves to declining and mature fields. Just this year, the country signed two production sharing contracts (PSC) with Africa Oil Corporation and an additional PSC with Panoro Energy, a step in the right direction towards improving exploration. However, with much more exploration required to recover production levels, strengthening the enabling environment is critical.

As Equatorial Guinea improves its environment for investment, the upcoming edition of the continent’s premier energy event, African Energy Week (AEW) – taking place in Cape Town from October 16-20 – will be key for facilitating new investment in the expanding market. As regulations such as the Hydrocarbon Law are implemented, the country’s attractiveness for foreign capital will increase, and AEW 2023 will ensure global investments and E&P players alike are connected with these opportunities. With H.E. Esono indicating his willingness to participate at the next leg of the AEC’s investment roadshow – the Invest in African Energy Dubai, taking place on March 30 – the country is positioning itself for long-term partnerships on the back of an enabling environment. 

Distributed by APO Group on behalf of African Energy Chamber.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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