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African Energy Chamber (AEC) Supports Namibia International Energy Conference 2025 as Platform for Driving Projects Forward

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African Energy Chamber

The upcoming Namibia International Energy Conference 2025 places Namibia on the path towards becoming a leading energy hub through strategic collaboration, in-country value creation and meaningful partnerships

CAPE TOWN, South Africa, February 12, 2025/APO Group/ –As Namibia progresses towards becoming a regional energy hub, it is crucial to ensure that local industries and communities benefit from the development of world-class hydrocarbons discoveries being made in the country’s on- and offshore basins. By focusing on the strategic use of its abundant oil, gas and renewable resources to attract global investment, Namibia stands on the precipice of rapid socioeconomic development. As such, the African Energy Chamber (AEC) (www.EnergyChamber.org) – the voice of the African energy sector – is proud to support the 7th edition of the Namibia International Energy Conference (NEIC), which will take place from April 23-25, 2025, in Windhoek.

Convened by strategic advisory firm RichAfrica Consultancy – under the auspices of CEO Selma Shimutwikeni – and endorsed by the Ministry of Mines and Energy, this flagship event gathers global and local energy leaders, investors, service companies and financial institutions under the theme, Leading the Way: Becoming an Energy Hub with In-Country Value. As part of its efforts to promote sustainable growth, the conference will explore and unlock dynamic opportunities for partnership and investment aimed at expanding infrastructure, building local content, improving access to finance and enhancing regulatory frameworks.

Namibia’s Oil Boom 

Well on track to become a major playing in the African oil and gas landscape in the coming years, Namibia strives to begin oil production by 2029, with potential advancements in the Mopane field set to accelerate this timeline. Having witnessed a string of oil discoveries in the Orange Basin since 2022, Namibia’s oil play has attracted interest from energy supermajors TotalEnergies and Shell and energy corporation Galp Energia. One the back of discoveries such as the Graff-1X, Venus-1X, Jonker-1X, Lesedi-1X and Mopane-1X, over 11 billion barrels of oil have been discovered in the country so far.

This month, Galp Energia discovered a new hydrocarbon column of light oil at the Mopane-1A well, which is situated in offshore PEL 83. The discovery identified gas condensate with a thin net play in the AVO-3 reservoir and light oil in the AVO-4 reservoir. Both reservoirs indicate good quality sands with high porosities and permeabilities, as well as high pressures and low fluid viscosities. Galp Energia, along with its partners Namibian national oil company Namcor and exploration company Custos, will continue to integrate acquired data from the well to allow a better understanding of the complex. Concurrently, Galp Energia will continue to assess the commerciality of the discoveries. As part of the exploration and appraisal campaign, oilfield services company Saipem’s Santorini drillship will proceed to the Mopane-3X well location, where it will target the AVO-10 and AVO-13 reservoirs.

Under the visionary leadership of Selma Shimutwikeni and RichAfrica Consultancy, NIEC 2025 plays a pivotal role in shaping the future of Namibia’s energy sector

Empowering Namibians, Fostering Economic Sovereignty  

In a strategic move for the industry, Namibia’s cabinet recently approved the National Upstream Local Content Policy, which is set to play a crucial role in reducing the country’s dependence on foreign expertise by focusing on the development of local capacity building. Aimed at strengthening economic sovereignty and empowering Namibians within the country’s oil and gas industry, the policy marks a turning point for the country as it targets first oil production within four years. It is clear that the policy is designed to balance the interests of local stakeholders with the need of international oil companies, a model that other African nations can look to for guidance.

With its recent surge of major discoveries, the government has recognized the urgency of maximizing the involvement of local businesses, labor and resources in the country’s oil and gas sector. As such, the National Upstream Petroleum Local Content Policy aims to create a globally competitive supply chain while promoting sustainable development, energy independence and technological expertise within the country. This policy addresses the unique challenges faced by Namibia’s upstream petroleum sector, which is capital-intensive, technologically driven and reliant on high-risk investments over long periods.

What to Expect at NIEC 2025 

Delegates participating at NIEC 2025 will witness and participate in insightful discussions on Namibia’s latest offshore discoveries, upcoming exploration campaigns, energy security, power industry growth, infrastructure development, renewable project rollout and green hydrogen initiatives. NIEC 2025 will also explore the nexus of Namibia’s energy sector and critical minerals industry, and its role in driving broader economic and industrial development. The conference will feature an interactive exhibition where companies can showcase cutting-edge technologies and innovative solutions that are shaping Namibia’s energy future, with a focus on power access, environmental stewardship and sustainability.

Convening leading industry experts, investors and decision makers, NIEC 2025 will provide the premier platform for fostering strategic partnerships to accelerate Namibia’s progress towards becoming a regional energy hub. As part of its 7th edition, the conference also features the Future Energy Leaders Initiative, which aims to drive youth participation in Namibia’s energy industry and provides young professionals with opportunities for access, mentorship and skills development.

“Under the visionary leadership of Selma Shimutwikeni and RichAfrica Consultancy, NIEC 2025 plays a pivotal role in shaping the future of Namibia’s energy sector. This event provides a vital platform for fostering global partnerships and local empowerment. As Namibia continues to evolve into a regional energy hub, NIEC 2025 stands as a cornerstone for achieving the country’s ambitious goals of sustainable energy development and economic transformation,” states AEC Executive Chairman NJ Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Société Nationale des Pétroles du Congo’s (SNPC) Maixent Raoul Ominga to Receive Lifetime Achievement Award at African Energy Week (AEW) 2026

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The award recognizes decades of leadership by the SNPC Director General in shaping the company’s growth and investment strategy, while strengthening the Republic of Congo’s position in Africa’s energy landscape

CAPE TOWN, South Africa, July 2, 2026/APO Group/ –Maixent Raoul Ominga, Director General of Société Nationale des Pétroles du Congo (SNPC), has been named the recipient of the Lifetime Achievement Award at African Energy Week (AEW) 2026. The honor recognizes more than two decades of service to Congo’s national oil company and a leadership career that has helped transform SNPC into a stronger, more diversified and increasingly influential energy company.

The Lifetime Achievement Award is the highest distinction presented during the African Energy Awards, held annually as part of AEW. The non-voting category recognizes individuals whose careers have left a lasting mark on Africa’s energy industry through sustained leadership, institutional development, investment promotion and contributions to regional cooperation.

Few leaders know SNPC as intimately as Ominga. Joining the company in 2001 in the finance and accounting department, he steadily rose through the ranks before being appointed Director General in 2018. Reappointed in 2022 and again in 2025 following the adoption of SNPC’s revised corporate statutes, his continued tenure reflects sustained confidence in a leadership style centered on long-term institutional growth, operational discipline and continuity.

Maixent Raoul Ominga represents the kind of steady, visionary leadership that has helped transform SNPC into a more resilient and forward-looking national oil company

Under Ominga’s leadership, SNPC has evolved from a traditional national oil company into a broader energy player with an expanding upstream portfolio and growing regional profile. The company continues to hold interests in many of the Republic of Congo’s largest producing assets while participating in new discoveries that have reinforced the country’s long-term exploration potential.

A defining feature of Ominga’s tenure has been a strategic shift toward long-term value creation through gas monetization. Under his direction, SNPC has played a central role in supporting the Congo LNG project, helping position the Republic of Congo among Africa’s emerging LNG exporters and accelerating the country’s transition toward large-scale gas development.

Institutional transformation has been equally central to his leadership. Ominga has overseen organizational restructuring, strengthened corporate governance and placed greater emphasis on operational performance, while steering SNPC toward increased use of domestic capital markets to reduce reliance on international lenders and strengthen local financial capacity. He has also prioritized workforce development, greater gender inclusion in leadership and the development of internal capabilities supporting gas and new energy initiatives.

His influence has extended well beyond SNPC. A longstanding advocate for stronger collaboration among Africa’s national oil companies, Ominga has consistently promoted regional partnerships, African financing solutions and energy sovereignty as essential to unlocking the continent’s long-term investment potential. This vision has helped elevate both SNPC’s regional profile and the Republic of Congo’s role in Africa’s evolving energy landscape.

Ominga’s leadership has also been recognized beyond the energy sector. In 2026, he was awarded the Gold Medal of the Ligue universelle du bien public, recognizing his leadership, commitment to the public good and contributions to economic and social development. The distinction reflects a leadership philosophy that extends beyond commercial performance, emphasizing institution-building, human capital development and the role of energy in supporting national progress.

“Maixent Raoul Ominga represents the kind of steady, visionary leadership that has helped transform SNPC into a more resilient and forward-looking national oil company,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “His commitment to building local capacity, strengthening governance and positioning Congo’s energy sector for the future makes him a deserving recipient of this year’s Lifetime Achievement Award. We congratulate him on this well-earned recognition.”

Distributed by APO Group on behalf of African Energy Chamber.

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Islamic Development Bank Institute (IsDBI) and Centre of Islamic Finance, Compliance and Advice (CIFCA) Forge Strategic Partnership to Advance Islamic Finance in Tanzania

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Tanzania

The collaboration aligns with the strategic priorities of both institutions to support the development of robust, ethical, and inclusive financial systems grounded in the principles and values of Islamic finance

BAKU, Azerbaijan, July 2, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) and the Tanzania-based Centre of Islamic Finance, Compliance and Advice (CIFCA) signed a Memorandum of Understanding (MoU) to strengthen cooperation in advancing Islamic finance, capacity development, professional certification, research, and knowledge dissemination.

The MoU was signed on the sidelines of the 2026 IsDB Group Annual Meetings, held from 16-19 June in Baku, Azerbaijan. The partnership seeks to leverage the complementary strengths of both organizations to promote excellence in Islamic finance education and professional development in Tanzania, while contributing to the broader objectives of sustainable and inclusive economic development beyond IsDB Member Countries.

 

As Tanzania is not an IsDB Member Country, the MoU allows the IsDBI and CIFCA to explore cooperation on a range of human capital programs that serve the Muslim community and contribute to the progress of the Tanzanian economy at large.

 

CIFCA plays an important role in accelerating financial inclusion and driving the development of Shariah-compliant financial systems across Tanzania. Endorsed by the Government of Tanzania as an Islamic finance advisory body, CIFCA collaborates with key entities like the Bank of Tanzania, and the Capital Markets and Securities Authority. It facilitated the launch of landmark projects, including checking and certifying major public Sukuk listings on the Dar es Salaam Stock Exchange. Furthermore, CIFCA also offers professional certifications and training programs to build local academic and professional capacity.

Human capital remains one of the most critical pillars for the sustainable growth of Islamic finance

 

Speaking on the occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDB Institute, emphasized the importance of investing in talent and knowledge as key enablers of a vibrant Islamic finance ecosystem. He said, “Human capital remains one of the most critical pillars for the sustainable growth of Islamic finance. Through this partnership, we look forward to working closely with CIFCA to promote knowledge, professional excellence, and innovation that can enhance the developmental impact of Islamic finance.”

 

Mr. Aref Mbarak Nahdi, Chairman of CIFCA highlighted the significance of the collaboration in fostering globally recognized professional standards and competencies within the industry. “This partnership reflects our shared commitment to nurturing future leaders and practitioners who can contribute meaningfully to the continued advancement of Islamic finance and its role in addressing contemporary economic and social challenges,” he noted.

 

The collaboration aligns with the strategic priorities of both institutions to support the development of robust, ethical, and inclusive financial systems grounded in the principles and values of Islamic finance.

 

As Islamic finance continues to expand across diverse markets, the partnership is expected to contribute to the development of skilled professionals, enhanced institutional capacity, and greater knowledge exchange that will ultimately strengthen the industry’s ability to serve society and promote sustainable prosperity.

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

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Africa Finance Corporation Returns to Global Capital Markets with US$500 Million Eurobond, Achieving Record-Tight Pricing and Central Bank Participation

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Africa Finance Corporation

The landmark outcome reflects AFC’s strong credit fundamentals, disciplined financial management, and growing recognition among global investors as a premier investment-grade issuer focused on Africa’s infrastructure and industrial development

LONDON, United Kingdom, July 2, 2026/APO Group/ –Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully raised US$500 million through a 5-year Reg S Only senior unsecured Eurobond, achieving the tightest pricing ever secured by the Corporation on a 5-year US dollar benchmark transaction. The issuance reached a new segment of institutional investors, with central banks, including an African one, participating in an AFC bond for the first time. This milestone speaks to AFC’s growing appeal among global reserve managers seeking high-quality investment-grade assets with strong developmental impact.

 

The notes were issued at a coupon of 5.375%, representing AFC’s narrowest spread over US Treasuries for a benchmark 5-year issuance and a significant improvement over the Corporation’s previous Eurobond transaction completed in 2024. The landmark outcome reflects AFC’s strong credit fundamentals, disciplined financial management, and growing recognition among global investors as a premier investment-grade issuer focused on Africa’s infrastructure and industrial development.

This transaction reflects the strong confidence global investors continue to place in AFC, our strategy, and our role in advancing Africa’s economic transformation

The issuance attracted strong demand from high-quality institutional investors across the United Kingdom, Europe, Asia, the United States and the Middle East. The order book closed approximately two times oversubscribed, underscoring sustained investor confidence in AFC’s investment-grade credit profile. The notes are rated A by S&P Global Ratings and A3 by Moody’s Ratings, in line with AFC’s long-term issuer ratings.

Samaila Zubairu, President & CEO of AFC said, “This transaction reflects the strong confidence global investors continue to place in AFC, our strategy, and our role in advancing Africa’s economic transformation. Achieving our tightest-ever pricing on a US dollar benchmark issuance demonstrates the strength of our credit profile, the consistency of our financial performance, and the trust we have built with investors over time. As we continue to scale our impact across the continent, access to efficient and diversified sources of capital remains critical to delivering the infrastructure and industrial assets that drive long-term growth and competitiveness.”

Banji Fehintola, Executive Board Member and Head of Financial Services at AFC, said, “The success of this transaction underscores AFC’s ability to consistently access international capital markets on increasingly competitive terms, even amid a dynamic global environment. The participation of an African central bank for the first time further diversifies our funding base and advances AFC’s strategy of mobilizing African institutional capital to finance the continent’s development. The exceptional quality and geographic diversity of investor participation, together with record-tight pricing, reflect strong market confidence in AFC’s disciplined funding strategy, prudent balance sheet management and proven track record of delivering transformative infrastructure across Africa.”

Issued under AFC’s US$5 billion Global Medium-Term Note Programme, the proceeds will support the Corporation’s general funding requirements and continue to strengthen its capacity to finance critical infrastructure and industrial projects across Africa. The transaction was led by Abu Dhabi Commercial Bank PJSC, First Abu Dhabi Bank PJSC, Goldman Sachs International, J.P. Morgan Securities plc, Mizuho International plc, MUFG Securities EMEA plc, Standard Chartered Bank and The Standard Bank of South Africa Limited as Joint Lead Managers.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

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