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African Energy Chamber Launches Q2, 2022 Outlook, the State of African Energy

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African Energy Chamber

Following the Q1 outlook, the Q2 report provides insight into the challenges, opportunities and overall state of Africa’s energy sector

JOHANNESBURG, South Africa, July 5, 2022/APO Group/ — 

The African Energy Chamber (AEC) (www.EnergyChamber.org) has released its Q2, 2022 outlook, the State of African Energy, providing detailed insight into current and emerging trends, challenges and opportunities, and how the African energy sector is bouncing back following the onset of the COVID-19 pandemic. Following the Q1 edition, the Q2 outlook provides an oil and gas market outlook and insight into African exploration, mergers and acquisitions activity and upcoming oil and gas economies of Africa.

The AEC’s report represents the foremost document whereby critical information can be attained about the state of play of Africa’s energy sector. For oil market players, the report provides insight into oil prices and demand, detailing how the cost of Brent crude is currently estimated at $111 on the back of resilient demand and the risk of a full Russian oil embargo; how supply is expected to exceed demand in Q2, 2022 and how the negative economic impact stemming from Russia’s war in Ukraine, the ongoing energy crisis and soaring inflation is expected to drive a downside regarding oil demand revision of 800,000 barrels per day for the year 2022; while identifying Africa’s top producers in 2022 and future production trends.

The report is not only helpful but critical for private and public sector operations, regional and international investors as well as African decision-makers and policymakers

What’s more, regarding gas markets, the report posits that the uncertainty over Russian supplies and sanctions on energy exports are expected to result in higher European liquefied natural gas (LNG) spot prices of over US$30/MMBtu as the expectation is that Europe will import large volumes of LNG; the exit of operators from Russia is expected to result in a revised development timeline for multiple projects in Russia, leading to a drop of cumulative output of 1435 bill cubic meters over the years 2022 – 2030; the sanctions and production drop are also expected to result in a global LNG demand-supply gap of about 120 million tons per annum by 2030; and that Algeria, Egypt and Nigeria will maintain their positions as the leading gas producers, contributing to over 80% of output. Further details are provided about LNG exports, trade relations in 2022 and beyond and new and upcoming discoveries.

Expanding on the Q1 report, the Q2 outlook provides a more detailed overview of the African energy industry, looking at exploration trends and challenges, expectations in 2022 and beyond as well as mergers and acquisitions – all valuable insight and integral for players across the entire energy value chain. With the continent’s energy sector undergoing significant changes driven by global markets fluctuations, post-COVID-19 capital expenditure trends and the ongoing Russia-Ukraine conflict, the report is not only helpful but critical for private and public sector operations, regional and international investors as well as African decision-makers and policymakers.

“The AEC is proud to announce the release of its second report this year, the State of African Energy for Q2, 2022. For investors, the report is critical for gaining the insight needed to sign deals and form partnerships, allowing an expansion across the African continent. While for African players, the report highlights new opportunities, identifies ongoing challenges and lays the foundation for growing Africa’s energy markets. By downloading the report, stakeholders will be able to advance their footprint across Africa while bringing African energy to the world,” states NJ Ayuk, Executive Chairman of the AEC.

Representing the voice of the African energy sector, the AEC is committed to driving investment and development across the continent’s various energy segments. In 2022, with shifts in global markets and new discoveries, projects and developments in Africa, the role the continent’s resources play in addressing global energy security has been emphasized. With the report, stakeholders will not only be able to gain an understanding of the sector itself but secure the information necessary to make informed decisions regarding African energy. Download the report now and gain the insight you need to making energy poverty history both in Africa and globally.

Visit https://bit.ly/3IiZkjZ to download the report today!

Distributed by APO Group on behalf of African Energy Chamber.

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Nigeria Mining Week 2026 sets the agenda for the sector’s next decade

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3 minutes ago

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October 9, 2026

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Nigeria Mining Week

International Lithium Association and Mercuria Energy Trading NG join Nigeria Mining Week 2026 ahead of its opening in Abuja on 12 October

Nigeria has the mineral endowment to play a growing role in global supply chains, including critical minerals

CAPE TOWN, South Africa, October 8, 2026/APO Group/ —Programme and delegate passes: www.NigeriaMiningWeek.com

With less than a week to go, Nigeria Mining Week 2026 has added a global commodity trader and the world’s lithium trade association to its programme. Mercuria Energy Trading NG has signed as a Gold Sponsor, and the International Lithium Association (ILiA) has joined as a Supporting Association.

 




 
 

They join Nigeria’s mining leaders, investors and operators in Abuja from 12 to 14 October for three days on the questions that will define the sector’s next decade: who finances Nigerian projects, who buys their output, and how much of it is processed in Nigeria.

Now in its 11th edition, the event takes place at the Abuja Continental Hotel under the theme “Unlocking Investment and Growth through Partnerships”. More than 3,080 attendees and more than 90 sponsors and exhibitors are expected across seven strategic forums.

The decisions made on processing, financing and market access over the next few years will shape Nigerian mining for the decade ahead. Nigeria Mining Week puts the people making those decisions in the same room.

On the agenda

The programme follows six content pillars: exploration and geological data; financing and investment; industrialisation and processing; infrastructure and power; ESG, transparency and community development; and international and regional collaboration.

  • 12 October: pre-conference and roundtables on geological data, financing for junior miners, compliance and enforcement, and power and infrastructure.

Available to conference attendees only.

  • 13 October: conference and exhibition opening, the new Critical Minerals Forum, the Women in Extractive Industries Forum and technical workshops
  • 14 October: Gold Day, sessions on steel and industrial minerals, the Deal Room and further technical workshops

The Deal Room is a curated space for one-on-one meetings between mining projects and financiers, off-takers and strategic partners. Projects seeking offtake or financing can apply to take part.

International Lithium Association joins as Supporting Association

ILiA, the global trade association for the lithium industry, will take part in the Critical Minerals Forum on 13 October. Astrid Karamira, EMEA Representative Director at ILiA, joins the panel “Building Reliable Pathways from Nigeria to Global Battery, Magnet & EV Markets”.

The session looks at what Nigerian projects must do to reach international battery markets: technical and quality standards, traceability and responsible sourcing, export readiness, and the step from exploration success to commercial operation.

“Global buyers are asking more of their suppliers on quality, traceability and responsible sourcing than ever before. Nigeria Mining Week is an opportunity to discuss openly what those expectations mean in practice, and how Nigerian projects can meet them.”

Mercuria Energy Trading NG signs as Gold Sponsor

Mercuria Energy Trading NG is the Nigerian subsidiary of Mercuria, one of the world’s leading independent energy and commodity groups. It brings a buyer and offtaker perspective to the programme.

For many Nigerian projects, a credible buyer is the gap between a promising deposit and a financed mine. Mercuria will contribute to discussions on commodity trading and offtake partnerships, critical minerals supply chains, and infrastructure and logistics.

“Nigeria has the mineral endowment to play a growing role in global supply chains, including critical minerals. We look forward to sharing how trading, offtake and logistics partnerships can help Nigerian projects reach global markets.”

Event details

The programme is subject to change.

Distributed by APO Group on behalf of Nigeria Mining Week.

 

 




 

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Global advertising spend surges 11.9% to $1.34trn this year despite consumer caution

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20 hours ago

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October 8, 2026

By

WARC

Social media is expected to record the strongest growth up 21.3% to $394.6bn
VOD (15.1%), retail media (14.3%), search (14.2%) and digital OOH (13.7%) are all set for double-digit increases
Technology and electronics (20.7%), travel and transport (19.3%) and automotive (17.8%) to be fastest growing product categories
Ad spend growth in 2027 expected to moderate (8.4%) to $1.46trn

WARC Media Global Ad Spend Forecast Q3 2026 update

8 October 2026 – Global ad spend is forecast to grow 11.9% to $1.34trn in 2026, according to the latest data from WARC Media. This comes on the back of strong 10.0% growth in 2024 and 2025.

 




 
 

Advertising investment continues to grow despite consumer pressure and geopolitical uncertainty, fueled by significant corporate AI investment and major events including the Olympics, FIFA World Cup, and US mid-term elections. While the economy has remained resilient to date, further escalations of global tensions pose potential downside risks.

Suzy Young, Head of WARC Media Data, says: “These are unusual times for advertising. Investment is accelerating even as many consumers face cost-of-living pressures and become more cautious with spending. This apparent contradiction reflects an increasingly uneven economy, where growth – particularly from the AI boom – is benefiting some companies, sectors and consumers more than others.”

Performance priority

Social media, search and retail media are three of the biggest channels for ad investment. Altogether they are expected to account for 66.4% of total global ad spend in 2026, rising to 70.0% in 2028.

Social media is set to register the strongest growth in ad spend this year, up 21.3% to $394.6bn, and is on course to exceed $500bn in 2028. Video on-demand (15.1% to $48.4bn), retail media (14.3% to $202.1bn), search (14.2% to $295.7bn) and digital OOH (13.7% to $21.7bn) will also see double-digit increases this year. Performance channels, which can adapt quickly to changing conditions, continue to benefit as uncertainty becomes the new norm.

Technology and electronics is forecast to be the fastest growing product category this year, rising 20.7% compared with 2025, followed by travel and transport (19.3%) and automotive (17.8%). Social media is expected to account for 40.2% of all tech and electronics spend in 2026.

2027 and 2028 ad spend outlook

Ad spend growth is expected to moderate in 2027, rising 8.4% to $1.46trn, reflecting tougher comparables and a normalisation from the exceptionally strong growth seen in recent years.

In 2028, ad spend will increase by a further 7.9% to $1.57trn – putting the market on course to be 2.3 times larger than it was a decade ago in 2019.

New AI destinations emerge

AI is driving advertising growth from multiple angles. New tech businesses are investing to acquire customers and build brands, while established companies spend heavily to compete in an increasingly crowded market. Simultaneously, AI tools are enhancing targeting, asset creation, and campaign optimisation – boosting ROI and fueling further investment.

AI is also opening new destinations for advertising. As generative search and AI assistants become gateways to product discovery and purchasing, ad dollars will follow – fundamentally reshaping where consumers encounter brands and where advertisers invest.

AI fuels ad triopoly

Alphabet, Amazon and Meta are set to take a combined market share of 59.7% of global ad spend (excluding China) this year – equivalent to $659.6bn. This is predicted to rise to 61.5%, or $804.1bn, in 2028.

Ad spend signals opportunity

Ad spend per capita vries dramatically across global markets. Developed economies like the US ($1395 per capita forecast for 2026), UK ($935), Austria ($850), and Switzerland ($825) show significantly higher advertising intensity, while China ($170), Brazil ($110), and India ($13) combine lower per-capita spending with massive consumer populations – highlighting substantial growth potential as these emerging markets mature.

WARC Media subscribers can read WARC’s global ad spend Q3 2026 update report in full.
 




 

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Investors Back Platinum Credit Uganda: First Tranche Subscribed Nearly 2.5 Times

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21 hours ago

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October 8, 2026

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The tranche is the first issuance under a UGX 70 billion Medium Term Note programme approved by the Capital Markets Authority (CMA)

KAMPALA, Uganda, October 7, 2026/APO Group/ –Platinum Credit Uganda this week listed its Medium Term Notes on the Uganda Securities Exchange (USE), after investors bid for almost two and a half times the amount on offer in the first tranche.

 




  

Download document: https://apo-opa.co/4rUcD15

Ugandan investors have given Platinum Uganda a strong vote of confidence

The first tranche of the private placement, with a base quantum of UGX 20 billion with a greenshoe option of UGX 10 billion, closed at a subscription rate of 246%, with investors applying for more than UGX 49 billion. Given the strong demand, Platinum Credit exercised the greenshoe option, and UGX 30 billion of notes was accepted. The tranche is the first issuance under a UGX 70 billion Medium Term Note programme approved by the Capital Markets Authority (CMA). The programme also includes a greenshoe option of UGX 30 billion, which takes the full programme to UGX 100 billion.

Investors could choose between three-, five- and eight-year notes, with interest paid quarterly. The notes were issued on 30 September 2026.

The company plans to use the new funding to grow its lending to the individuals and micro, small and medium enterprises (MSMEs) it already serves. At the end of 2025, Platinum Credit Uganda had over 30,000 active clients across Uganda. In the same year, small and medium businesses received more than UGX 71 billion in loans, helping them keep their cash flow steady and their operations running. In 2026, the company aims to put a further UGX 10 billion into Ugandan small businesses, prioritising those led by women and young people, and to expand its lending to smallholder dairy farmers.

Albert Abaasa, Managing Director of Platinum Credit Uganda, said: “We invited bids for UGX 20 billion and investors offered us nearly UGX 50 billion, which allowed us to exercise our greenshoe option and raise UGX 30 billion. That is a clear sign of trust in how we run this business and in where we are taking it. These funds will help us reach more customers across Uganda, and listing on the USE gives investors an opportunity to back a business that is expanding access to finance.”

Brett Sievwright, Chief Executive Officer of Platcorp Group, said: “Ugandan investors have given Platinum Uganda a strong vote of confidence. Raising long-term funding locally, in shillings, means the business can lend in the same currency its customers trade in. The strength of demand shows clear investor confidence in Platinum Uganda’s growth story. We thank the Capital Markets Authority, the Uganda Securities Exchange and our partners for their work in bringing these notes to market.”

Distributed by APO Group on behalf of Platcorp Group.

 

 




 

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