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African Energy Chamber (AEC) Opens Office in Shanghai to Boost China-Africa Energy Collaboration

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Shanghai

The Shanghai office will facilitate business opportunities between Chinese and African companies while fostering ties between governments

CAPE TOWN, South Africa, August 21, 2025/APO Group/ –The African Energy Chamber (AEC) (https://EnergyChamber.org) has officially opened an international office in Shanghai, China, aimed at strengthening cooperation between African governments and energy companies and their counterparts in China. The office – aligned with the AEC’s vision of creating a global energy network where Africa is not just a participant, but a driving force – is expected to spearhead a new era of economic diplomacy while fostering cross-continental partnerships and energy development.

The Shanghai office will be led by Dr. Bieni Da, Chief Representative of the AEC in China, who will spearhead all engagements, ensuring that the AEC plays a pivotal role in connecting Chinese businesses and government entities with African stakeholders. The objective is clear: to drive impactful, long-term collaboration across strategic sectors of the economy, enabling investments that are mutually beneficial and aligned with both continents’ development goals.

One of the core objectives of the Shanghai office is capital mobilization. With the continent’s energy finance gap currently estimated to measure between $31 billion and $50 billion, a unique opportunity has emerged for Chinese financiers and project developers. Despite rising energy demand, many African energy firms face constraints in accessing the necessary capital to scale their operations and increase energy production. China, with its well-developed financial and infrastructure systems, presents a fertile ground for capital raising. Under Dr. Bieni Da’s leadership, the AEC will actively work to attract Chinese investment into African energy projects, providing the financial backbone needed to drive innovation and expansion in the sector.

The AEC wants to see greater Chinese investment across the entire African oil and gas value chain – from upstream projects to downstream infrastructure

The Shanghai office will also play an instrumental part in connecting Chinese companies with African projects, facilitating partnerships and bringing African opportunity to the Chinese market. Chinese companies have already begun to play a central role in advancing Africa’s energy market, with investments in oil, gas, renewable energy and infrastructure unlocking high returns. Examples include Chinese exploration and production company Wing Wah, who is leading the Bango Kayo development in the Republic of Congo. The $2 billion project – comprising a phased expansion of the operational Bango Kayo conventional oilfield – seeks to monetize previously-flared resources, primarily for the domestic market. The project features the development of three trains, the first of which has a capacity of one million cubic meters per day (mcm/d). The second and third trains will come online in 2025, increasing capacity to five mcm/d.

Meanwhile, the state-owned China National Offshore Oil Corporation (CNOOC) is also expanding its presence in Africa. The company is exploring business opportunities in Angola, with talks held for deepwater Block 24. In East Africa, the company is developing the East African Crude Oil Pipeline, connecting the Tilenga and Kingfisher oilfields with the Port of Tanga. CNOOC also acquired two shallow water and three deepwater oil and gas blocks in Mozambique and has partnered with the Tanzania Petroleum Development Corporation to explore deep-sea Block 4/1B and 4/1C. The China National Petroleum Corporation (CNPC) has stakes in Mozambique’s Coral South FLNG development, which began production in 2022, and has also signed a $400 million crude oil supply agreement with Niger. These are just some of the many projects spearheaded by Chinese companies.

“The AEC wants to see greater Chinese investment across the entire African oil and gas value chain – from upstream projects to downstream infrastructure to manufacturing, power and technology. China offers significant expertise in these areas and the Shanghai office will unlock new collaborative opportunities in artificial intelligence, electric vehicles, renewable energy and more,” stated NJ Ayuk, Executive Chairman of the AEC.

To foster continued dialogue and engagement, the AEC will organize high-level investment forums in Shanghai, positioning the city as a hub for African energy investment and dialogue. These forums will serve as regular platforms for African leaders, government officials and business executives to meet with their Chinese counterparts, explore opportunities and forge lasting partnerships. The Chamber will use this office to host a variety of meetings, roundtables, and workshops aimed at encouraging cross-border collaboration, knowledge sharing, and investment facilitation.

“Africa and China have a common goal: to eradicate energy poverty. It is time to walk the walk and bring Chinese expertise and capital to African projects. Dr. Bieni Da, has a strong network in the public and private sector that will drive these engagements, giving Africa a chance to expand to a mutually beneficial relationship that is win-win with China. This office is a testament to making sure we leave our footprint,” added Ayuk.

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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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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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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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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