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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.

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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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