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African Energy Chamber (AEC), Ground State Market Solutions Sign Memorandum of Understanding (MoU) to Advance Canadian LNG, LPG Supply to Africa

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African Energy Chamber

The companies have partnered to develop Canadian LNG and LPG supply chains targeting West African markets and commercial movements from Q3, 2029

JOHANNESBURG, South Africa, October 5, 2026/APO Group/ –The African Energy Chamber (AEC) (www.EnergyChamber.org) has signed an memorandum of understanding (MoU) with Canadian project developer and commodities broker Ground State Market Solutions (GSMS) to evaluate and advance LPG and LNG supplies from Canada to African markets, initially targeting West Africa. The agreement establishes a framework for developing the commercial, logistics and regulatory pathways connecting Canadian supplies with African demand.

 




 
 

Effective September 23, 2026, the two-year agreement targets first commercial movements from Q3, 2029 while allowing parties to pursue nearer-term supply opportunities where feasible. The collaboration will examine available Canadian volumes, propane and butane composition, product specifications, indicative pricing, terminal access, marine transportation, implementation schedules and delivered-cost assumptions.

The agreement creates a practical bridge between Canadian energy supply and African markets

Under the agreement, GSMS will coordinate the Canadian supply and export concept, engaging potential LPG and LNG suppliers, railway and logistics companies, and export-terminal operators. The Calgary-based company will also support discussions concerning Canadian provincial and federal regulations, permitting requirements, railway infrastructure and export facilities needed to move hydrocarbons from production and storage locations toward international markets.

The AEC will focus on African market access and offtake support, identifying and facilitating engagement with governments, national energy companies, LPG and LNG distributors, traders, infrastructure operators, financiers, and potential offtakers. Initial efforts will concentrate on West Africa, with the parties able to pursue shorter-term opportunities alongside longer-term arrangements aligned with the Q3 2029 commercial target.

“The agreement creates a practical bridge between Canadian energy supply and African markets, with a focus on the commercial structures required to move hydrocarbons at scale,” says NJ Ayuk, Executive Chairman, AEC. “By bringing suppliers, governments, infrastructure operators, financiers and offtakers into the same conversation, the partnership can help translate available resources into reliable energy supply.”

Financing and strategic partnerships form another component of the collaboration. The AEC may facilitate introductions to financial institutions, investors and strategic partners while assisting the parties in developing engagement plans, potentially bringing capital providers and commercial counterparties into discussions as the Canadian supply concept and African market opportunities become more defined.

The partnership will also leverage African Energy Week 2026 – taking place in Cape Town from October 12–16 – and other AEC-supported platforms to advance discussions with government and commercial stakeholders. Where appropriate, the AEC will facilitate project engagement through these forums, while GSMS will cover agreed event-related and third-party costs determined in writing before expenditure, providing a mechanism for the prospective supply chain to be presented directly to relevant market participants.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Events

“Future Resonance — ShanghaiEye Night” Brings Shanghai to Washington, Fosters People-to-People Exchange Across the Pacific

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ShanghaiEye Night

SHANGHAI, CHINA – Media OutReach Newswire – 5 October 2026 – On October 3, 2026, local time, a Shanghai-themed cultural exchange event was held on the National Mall in Washington, D.C., bringing a taste of Shanghai to the U.S. Titled “Future Resonance — ShanghaiEye Night,” the event was also part of the “Shanghai Let’s Meet” city promotion initiative and a broader series of China-U.S. people-to-people exchanges. Through a variety of cultural activities and interactions, the event built bridges between people across the Pacific and offered a glimpse of Shanghai as an open, inclusive and dynamic international metropolis.

 




  

The event, held by Shanghai Media Group, brought together nearly 100 prominent figures from China and the United States across the political, business, technology, cultural and arts sectors. Song Jiongming, President of Shanghai Media Group, and Susan Lee, Secretary of State of Maryland, attended the event and delivered remarks. Chinese Ambassador to the United States Xie Feng was also in attendance.

In the afternoon, the National Mall was transformed into a “mini Shanghai” carnival. The carnival featured 50 stalls showcasing international cuisine, a “Shanghai Charm” themed exhibition area and displays of China’s intangible cultural heritage.

Visitors got a glimpse of Shanghai’s cutting-edge technological innovation through a model of the C919 passenger jet, explored the city’s latest trends through a model of the Oriental Pearl Tower and popular Chinese cultural and creative IPs, and took a virtual journey through Shanghai’s past and present with VR headsets provided by the Shanghai Museum. Time-honored brands such as White Rabbit candy, Hero fountain pens and Lao Feng Xiang Jewelry offered visitors a taste of Shanghai’s iconic homegrown brands. Meanwhile, an IP SHANGHAI lenticular art exhibition brought the city to life through dynamic images that changed as visitors moved around the displays.

From such an immersive experience showcasing Shanghai as a first stop for international visitors entering China to distinctive IPs spanning culture, commerce, tourism, sports and exhibitions, the carnival offered Americans and international visitors a glimpse of the city and a chance to experience Shanghai firsthand at one of Washington’s most iconic landmarks. Many visitors said they hoped to visit Shanghai in person and explore the city on foot through a “city walk.”

As the sun began to set, its golden glow fell over the Capitol dome. Against an iconic backdrop featuring the two cities, the “Future Resonance” outdoor concert got underway.

Young performers from China and the United States took the stage alongside renowned artists from both countries. The One Voice Children’s Choir from the United States and the Manhattan Philharmonic joined forces to perform “We Are Together,” a song created in Shanghai to celebrate friendship between the two countries.

The program featured a rich mix of symphonic works, traditional Chinese music, Chinese opera and anime music. Footage from Shanghai’s city image film “UP! SHANGHAI” played on the large screen behind the stage throughout the concert.

Later that evening, nearly 100 guests from China and the United States, including prominent figures from politics, business, technology, culture and the arts, took part in the ShanghaiEye Night dialogue session.

Themed “Invest in China for a Win-Win Future,” the dialogue highlighted the China International Import Expo and Shanghai’s development as an international economic, financial, trade, shipping and technological innovation center. It also showcased the city’s world-class business environment and provided a platform for high-level dialogue and practical cooperation between Chinese and U.S. companies.

The dialogue also featured a “Shanghai Charm” city image reception area. On one side, twenty selected historical photographs capturing key “Shanghai moments” in China-U.S. relations were displayed, including the signing of the Shanghai Communiqué, the launch of the first China-U.S. air route, the opening of Apple’s first store in China, the Tesla Gigafactory and the 10th anniversary of Shanghai Disney Resort.

On the other side, 20 photographs from the IP SHANGHAI platform, under the theme “Chasing Dreams in Shanghai,” showcased Lujiazui Financial City, Yangshan Deep-Water Port, Shanghai Grand Opera House, the North Bund shipping hub, and the Huangpu River and Suzhou Creek. Together, the displays offered guests a visual introduction to the city and created lasting memories of Shanghai.

With the support of the Information Office of the Shanghai Municipal Government and co-hosted by Shanghai Media Group, the World Intangible Cultural Heritage Conservation Center and the Washington Chinese Community Alliance, the event brought together guests from a range of sectors in China and the United States.

The event brought Shanghai closer to American audiences and the international community through city promotion, cultural performances, interactive experiences and high-level dialogue. It also provided a platform for people-to-people and cultural exchange between China and the United States.

  




 

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Thailand’s LTR Visa Hits 12,000 Approvals in Four Years, Adding USD 1.28 Billion to the Economy

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Thailand

BANGKOK, THAILAND – Media OutReach Newswire – 5 October 2026 – The Long-Term Resident (LTR) visa has attracted 12,010 high-potential foreigners to Thailand in four years, generating approximately USD 1.28 billion (THB 43 billion) in economic value, according to the Board of Investment (BOI). The visa is a key mechanism for attracting executives and highly skilled personnel for future industries while increasing purchasing power and stimulating domestic spending and economic activity. A new online system now links services from four government agencies in an integrated process.

 




  

Introduced in September 2022 to attract high-potential foreigners to reside and conduct economic activities in Thailand, the LTR visa program has generated an average economic value of more than USD 107,000 (THB 3.6 million) per recipient, according to BOI data. The calculation covers visa fees, spending in Thailand by visa holders, direct investment, and tax revenue from highly skilled professionals.

Amid intensifying global competition for highly skilled personnel, the LTR visa is an important mechanism for bringing global talent into Thailand. This is particularly relevant as the country prepares for a new wave of investment in advanced-technology industries, including semiconductors and advanced electronics, digital technology and AI, humanoid robotics, aviation, and biotechnology.

“The LTR visa is a strategic pillar to attract global talent as Thailand absorbs a new wave of advanced technology investments,” said Narit Therdsteerasukdi, Secretary General of the Board of Investment. “Drawing top-tier executives and technical specialists from around the world is vital to strengthening our national competitiveness and securing technology transfers from international partners.”

Approved LTR visa recipients primarily come from leading economies. The United States accounts for the largest group, with more than 2,400 approvals, followed by Japan with more than 1,300 and the United Kingdom with more than 1,000. Japanese nationals comprise a notable share of the specialist bracket, aligning with Japan’s heavy footprint in Thailand’s automotive and precision-electronics supply networks.

The 12,010 approved LTR visa recipients fall into five categories: 1,779 Highly-Skilled Professionals; 1,043 Work-from-Thailand Professionals, who work from Thailand for overseas employers; 737 Wealthy Global Citizens; 4,561 Wealthy Pensioners; and 3,891 Dependents of recipients in the first four categories.

Among recipients in the Highly-Skilled Professionals and Work-from-Thailand Professionals categories, 54% hold executive-level positions and 36% are professionals in various fields; the remainder are at the technical level. Applicants in each category must meet specific criteria, such as requirements relating to assets, income, investment evidence, work experience, and health insurance, and undergo rigorous checks by the relevant agencies.

To handle rising application volumes and remove long-standing administrative bottlenecks, the BOI rolled out an integrated digital processing portal in September 2026. The platform centralizes review procedures across four primary state bodies: the Department of Consular Affairs, the Immigration Bureau, the Department of Employment, and the Revenue Department.

Complementing the portal, the Thailand Investment and Expat Services Center (TIESC), a one-stop service center, is located on floors 6-7 of the Parade Zone at One Bangkok. “The center is intended to strengthen Thailand’s competitiveness in continuously attracting high-potential talent from around the world,” said Mr. Narit.

In addition to attracting foreign talent through the LTR visa, BOI also facilitates visas and work permits for executives and personnel working in BOI-promoted businesses through the BOI Visa, and offers the Smart Visa for startups. BOI also supports the skills development of Thai personnel through the Skill Bridge measure, and helps Thai entrepreneurs adopt modern technology to enhance their competitiveness through the Business Transformation measure. These measures work hand in hand to attract international experts, develop Thai personnel, and upgrade Thai businesses, strengthening Thailand’s readiness for the transition to a new economy driven by technology and innovation.

Note: Currency conversions are based on the Bank of Thailand’s average selling rate of approximately 1 USD = 33.6 THB.

Thailand Board of Investment (BOI)
Established in 1966, the Office of the Board of Investment (BOI) has played an important role for more than 60 years in promoting value-creating investment by both foreign and Thai investors, strengthening competitiveness and supporting Thailand’s sustainable economic restructuring toward the new economy.
 




 

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Islamic Corporation for the Development of the Private Sector (ICD) and Eastern Bank PLC (EBL) Close USD 10 Million Shariah-Compliant Term Finance Facility for Samuda Shipping Limited in Bangladesh

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Islamic Corporation

ICD has extended a USD 10 million, seven-year Shariah-compliant term finance facility to Samuda Shipping Limited (SSL), a concern of TK-Samuda Group, one of Bangladesh’s largest conglomerates

DHAKA, Bangladesh, October 5, 2026/APO Group/ —

  • Eastern Bank PLC (EBL) arranged the facility and serves as the Security Agent and Account Bank for the transaction.
  • The financing will fund the acquisition of MT Samuda, a 22,000 MT edible oil tanker, that will support crude palm oil imports for TK-Samuda Group’s edible oil refineries.
  • This marks ICD’s first transaction with TK-Samuda Group.

The Islamic Corporation for the Development of the private sector (ICD) (www.ICD-PS.org) and Samuda Shipping Limited (SSL) signed a USD 10 million Shariah-compliant term finance agreement in Dhaka, Bangladesh, to finance the acquisition of a vessel for the transportation of crude edible oil. Eastern Bank PLC arranged the facility and is acting as the Security Agent and Account Bank, bringing together ICD’s multilateral development finance expertise and EBL’s deep knowledge of the Bangladesh market to deliver a structured, Shariah-compliant solution for the private sector.

 




 
 

The closing ceremony, held under the title “Closing Ceremony for Financing a Vessel for TK-Samuda Group,” commemorated the formal conclusion of the transaction and brought together senior representatives from ICD, Eastern Bank PLC, and TK-Samuda Group. Samuda Shipping Limited is a concern of TK-Samuda Group, one of the largest conglomerates in Bangladesh, and this transaction represents ICD’s first engagement with the group. The seven-year financing structure reflects ICD’s commitment to supporting long-term, asset-backed private sector development in its member countries in a manner consistent with Shariah principles.

 

The financed vessel, named MT Samuda, is a 22,000 MT edible oil tanker that will enable TK-Samuda Group to import crude palm oil from international markets for processing at its domestic edible oil refineries. By strengthening the group’s supply chain infrastructure, the transaction is expected to contribute meaningfully to food security and agro-industrial capacity in Bangladesh. This transaction also builds on ICD’s existing relationship with Eastern Bank PLC to further cementing a productive and growing partnership between the two institutions in support of Bangladesh’s private sector.

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

 




 

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