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African Energy Chamber (AEC): Senegalese President Macky Sall has Set a Bold Energy

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Macky Sall

Resilient in his approach to a pro-energy growth agenda, President Macky Sall has accomplished a lot and empowered the energy industry

JOHANNESBURG, South Africa, March 20, 2024/APO Group/ — 

Senegalese President Macky Sall’s 12-year tenure is set to come to an end on April 2 this year. As he leaves his term in office, he also leaves behind a legacy of economic growth and development, and other African states stand to learn from his pro-energy growth approach. As the voice of the African energy sector, the African Energy Chamber (AEC) commends the work undertaken by President Sall to strengthen the Senegalese economy. The President remains a close friend of the AEC and of Africa.

President Sall’s tenure was defined by a commitment to making energy poverty history through the development of resources and investment into every segment of the country’s economy. Unashamed in his approach to supporting industrialization and energy access, President Sall laid the foundation for all forms of energy to be developed. Under his leadership, the country has seen success after success. He has defended the African oil and gas sector, and has put Senegal on the path towards prosperity.  

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Senegal is on track for first gas production from the first phase of the Greater Tortue Ahmeyim (GTA) development by Q3 this year. The project is currently 92% complete and the FPSO vessel is expected to be on site soon. The first phase will produce 2.3 million tons of gas per year and is being developed by global energy majors bp and Kosmos Energy in collaboration with Senegalese national oil company Petrosen and its Mauritanian counterpart and Societe Mauritanienne des Hydrocarbures.

Meanwhile, the country’s inaugural oil development – the Sangomar oilfield project – is 95% complete and is expected to start production between May and July 2024. The FPSO vessel arrived at the project site in February 2024. The project’s production capacity is 100,000 barrels per day and it is being developed by oil and gas company Woodside Energy in collaboration with Petrosen.

The success of these projects has already laid the foundation for a wave of new developments offshore Senegal. Serving as one of the world’s largest gas discoveries in recent years, Senegal’s Yakaar-Teranga development holds an estimated 25 trillion cubic feet of natural gas reserves. Kosmos Energy is set to develop an LNG facility for the project, with a capacity to produce 550 million cubic feet of gas per day. Currently, the concept for the LNG facility is being finalized. Kosmos Energy assumed operatorship of the Yakaar-Teranga project in 2023, thereby strengthening its presence in the country’s offshore gas sector.

Senegal was also recently granted observer membership status within the Gas Exporting Countries Forum, marking its entry into the esteemed organization. Signaling the future role the country will play in global gas markets, the milestone showcases a commitment by Senegal to industry collaboration.

“President Sall’s commitment to development is clear through the achievements seen across the country’s oil and gas industry. Spearheading collaboration with regional government and international partners, President Sall has made Senegal’s business environment both attractive and competitive, and now, the country is well positioned to drive long-term and sustainable growth, driven by oil and gas,” stated NJ Ayuk, Executive Chairman of the AEC.

To maintain development momentum, the country is inviting global and regional E&P companies to invest in exploration, with seismic data and studies available to support offshore drilling. According to Petrosen, Senegal currently has 16 offshore blocks and 5 onshore blocks available, with hydrocarbon discoveries having already been made in some. Senegal offers competitive fiscal terms for operators and has emerged as one of the most attractive oil and gas investment destinations owing largely to efforts by President Sall.

Beyond the oil and gas industry, Senegal has seen a strong pipeline of renewable energy and power generation projects kick off. With some of the lowest energy prices in Africa, the country is committed to achieving universal access to electricity by 2025, and various projects are underway to achieve this. A focus on gas-to-power is poised to enhance generation capacity, led by projects such as the Cap des Biches combined-cycle power project (300 MW). The country’s first utility-scale wind project – the 158 MW Taiba N’Diaye wind farm – is also responsible for 15% of the country’s electricity output.

“President Macky Sall has been unashamed about supporting Africa’s development and it has been an honor working with him and following his pro-growth energy agenda. Thanks to his leadership, Senegal is emerging as an energy champion. His years of service to both Senegal and Africa have been amazing. He will go down in history as one of the greatest African leaders of our time,” added Ayuk.

Distributed by APO Group on behalf of Energy Capital & Power.

Events

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

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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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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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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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