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African Energy Chamber (AEC) to Host Just Energy Transition Masterclass at Suriname Symposium in January 2025

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African Energy Chamber

Taking place from January 27-28 in Paramaribo, SAS 2025 aims to address challenges faced in the country’s energy sector

PARAMARIBO, Suriname, December 9, 2024/APO Group/ — 

African Energy Chamber (www.EnergyChamber.org) Executive Chairman NJ Ayuk will lead a Just Energy Transition Masterclass at the Suriname Awareness Symposium (SAS) – taking place January 27-28 in Paramaribo, Suriname. The masterclass will unpack emerging challenges and opportunities created by the global energy transition, outlining strategic measures to prioritize inclusivity, equitability and integration. Building on key themes such as investment, development and collaboration, the masterclass will offer insight into balancing multi-faceted goals of addressing energy poverty with reducing greenhouse gas emissions.  

Aimed at accelerating economic growth in Suriname through the development of the energy sector, SAS 2025 brings together key stakeholders to discuss and strategize investment, diversification and entrepreneurship. Serving as more than just a conference or exhibition, SAS 2025 represents a space for the industry to connect, build capacity, transfer knowledge and ignite change. The AEC represents a Strategic Partner of the event, with Ayuk participating as a keynote speaker.  

In recent years, Suriname has emerged as a highly attractive energy market. In the oil and gas sector, the country has risen to become one of the most promising plays worldwide, with offshore discoveries made between 2019 and 2022 enticing a suite of companies to invest in upstream operations. A Shallow Offshore Bid Round held in 2021 and deepwater licensing round held in November 2022 further amplified investment in the market, leading to a string of M&A deals and milestones in recent months.  

Capacity building, knowledge-transfer and local content are vital components of any energy strategy and we look forward to addressing these topics during SAS 2025

Energy major TotalEnergies made a $10.5 billion Final Investment Decision in October 2024 for the GranMorgu project, situated in Block 58. Comprising the Sapakara and Krabdagu oil discoveries – the latter of which was made in 2022 – the project is expected to begin production in 2028, with 200,000 barrels per day (bpd) coming online via an FPSO. Energy major ExxonMobil and Malaysia’s Petronas signed a letter of agreement earlier this year with the government for Block 52. The companies have been granted a 10-year tax break and will conduct feasibility studies, with gas production targeted for 2031. ExxonMobil has since withdrawn from the asset, with the company transferring its 52% stake to Petronas.  

Beyond these blocks, QatarEnergy signed a deal with Chevron to acquire a stake in a production sharing contract for Block 5. Chevron will stay on as operator, with the companies moving to the second exploration phase of the concession. QatarEnergy also has interests in Block 64 and Block 65. With an estimated 2.4 billion barrels of proven oil reserves and 12.5 trillion cubic feet of proven gas, Suriname is well-positioned to leverage its hydrocarbon industry to fuel long-term and sustainable economic growth.  

Amid these developments, the government of Suriname is focused on enhancing value creation for local citizens. The country plans to share revenues generated from oil and gas projects with local communities through its Royalties for Everyone program. Over the next 10 to 20 years, up to $10 billion is expected to be generated from projects. As such, the program aims to distribute anticipated profits, thereby boosting economic growth.  

Stepping into this picture, SAS 2025 seeks to foster greater collaboration across the industry while driving economic development and diversification. The event aims to raise awareness for five key topics, mainly the energy transition trilemma; local content; education, technology and infrastructure; good governance; and environmental and social impacts. By promoting the importance of coordinated efforts among government, the private sector and community groups, the event aims to drive sustainable development and local empowerment.   

“SAS 2025 is a critical event for the energy industry of Suriname. The country has rapidly become one of the world’s biggest hydrocarbon offshore plays, and through strategic policy and collaboration, stands to transform its economy. Capacity building, knowledge-transfer and local content are vital components of any energy strategy and we look forward to addressing these topics during SAS 2025,” stated 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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