Connect with us

Business

African Energy Chamber (AEC) launches Namibia Trade Mission in collaboration with Namibia International Energy Conference (NIEC) 2024

Published

on

African Energy Chamber

The Trade Mission ensures stakeholders maximize the opportunities of the Namibia International Energy Conference taking place April 23-25

Egalement disponible en Français

JOHANNESBURG, South Africa, February 19, 2024/APO Group/ — 

The African Energy Chamber (AEC) (www.EnergyChamber.org) – serving as the voice of the African energy sector – has launched a Trade Mission to Namibia from April 23-25 to promote business opportunities within the country’s energy industry. In collaboration with the Namibia International Energy Conference (NIEC), the Trade Mission will facilitate engagement between companies; connect stakeholders to market intelligence and resources; while capitalizing on the conference offerings to drive new investment into the country. Visit https://apo-opa.co/3SIy4RC to secure your place.

Namibia expects to produce first oil from the Orange Basin by 2030 as well as 10-12 million tons of green hydrogen equivalent by 2050. A commitment to accelerate the development of the Graff-1 and Venus-1 discoveries – made in 2022 by energy majors TotalEnergies and Shell – is also underway in tandem with further off- and onshore drilling campaigns. Government is working to establish effective petroleum revenue management legislation while placing focus on local content, thereby opening lucrative business opportunities for both Namibian and international energy players. The Namibian Trade Mission, in collaboration with NIEC 2024, connects potential investors with Namibian opportunities.

NIEC is an influential event that brings together policymakers, energy stakeholders, investors and international partners to foster industry growth. Now in its sixth edition, the event serves to highlight Namibia’s position as a prime investment decision. The event takes place in partnership with the AEC. Visit www.NIEConference.com for more information.

Multinational energy corporation Galp made two discoveries at the Mopane-1X well in 2024 and will now proceed to spud Mopane-2X. TotalEnergies has also made its second discovery in the Orange Basin, discovering hydrocarbon-bearing intervals at the Mangetti-1X well this year. Energy major Chevron expects to spud its first well in PEL 90 in Q4, 2024 while Shell’s Jonker-1; La Rona; and Graff-1 finds are expected to hold as much as 1.7 billion barrels of oil. Onshore, independent oil and gas company ReconAfrica plans to start drilling in the Kavango Basin in 2024 while exploration company 88 Energy acquired a 45% non-operated interest in Namibia’s PEL 83 in November 2023. Notwithstanding this progress, Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, says the country has only scratched the surface of the potential of the hydrocarbon basin, highlighting a wealth of opportunities for new players.  

On the gas front, Namibia is targeting FID for the Kudu Conventional Gas Development this year, with production aimed for 2026. The project is currently in the Front-End Engineering and Design Phase. Gas will be transported to an 885 MW combined cycle gas turbine, providing power for the domestic economy. A range of business opportunities are expected to emerge from the project.

Meanwhile, three green hydrogen pilot projects – the Hyrail Dual-Fuel Locomotive, Daures Green Hydrogen Project and Cleanergy Green Hydrogen Service Station – will start operations this year. The development concept for a $10 billion green hydrogen project was also agreed upon in 2023. The green hydrogen industry is expected to create up to 600,000 new jobs, underscoring the significant business opportunity present in the burgeoning market. Ambitions to position the country as a regional hub for energy further highlights opportunities in the sector, and the Trade Mission will leverage the NIEC platform to stimulate business and partnerships.

The AEC-led Trade Mission to Namibia this April builds on milestones achieved in the industry thus far to promote further business and investment in the country’s energy value chain. Leveraging the AEC’s partnership with NIEC 2024, the mission will facilitate meetings between companies and Namibian partners; establish an itinerary for delegations; organize one-on-one meetings on behalf of participants; and create opportunities for panel discussions, presentations and keynote speeches – subject to the NIEC 2024 schedule.

The Namibian Trade Mission presents numerous offerings for participants. These include site visits to prominent energy companies in Windhoek, thereby providing first-hand insight into projects and potential partnerships; technical workshops; networking dinners and social functions; and market intelligence and research reports. Resources stand to equip participants with the information they need to make informed decisions on the market while business matchmaking opportunities ensure meaningful connections and productive collaboration can be made.

For more information about NIEC 2024, visit www.NIEConference.com. Interested in joining the exclusive Trade Mission to Namibia, submit your information via https://apo-opa.co/3SIy4RC.

Distributed by APO Group on behalf of African Energy Chamber.

Events

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

Published

on

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.

Continue Reading

Business

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

Published

on

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.

 

Continue Reading

Business

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

Published

on

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).

Continue Reading

Trending

Exit mobile version