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African Energy Forum in Paris Kicks Off with Industry Experts’ Forward-Looking Statements

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African Energy Chamber

The Paris leg of the African Energy Chamber’s investment roadshow kicked off with an electric start in Paris, with opening remarks from energy experts across the upstream, analytics, logistics and governance fields

PARIS, France, June 2, 2023/APO Group/ — 

The African Energy Chamber’s (AEC) (www.EnergyChamber.org) Invest in African Energy Forum in Paris – kicked off at the Westin Paris Vendome with opening remarks by industry experts from across the African and European energy sectors. The groundbreaking forum serves as a catalyst for amplifying European investments in African energy projects, while simultaneously forging new bilateral connections to fortify a thriving partnership between these two regions.

The opening ceremony saw addresses by Hon. Tom Alweendo, Minister of Mines and Energy of the Republic of Namibia; H.E. Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo; Ministerial remarks: H.E. Didier Budimbu Ntubuanga, Minister of Hydrocarbons of the Democratic Republic of Congo; NJ Ayuk, Executive Chairman of the AEC; Per Magnus Nysveen, Senior Partner & Chief Analyst, Rystad Energy; Benoît de la Fouchardière, CEO, Perenco and Eric Melet, CEO Rail & Logistics Solutions, Africa Global Logistics.

“It is not just a transition, it is a journey, and that journey starts in Paris. Paris has been so important in this journey. This is the city where the climate agreements were signed, and it cannot be a real agreement without us talking about a just energy transition,” opened Ayuk, adding that, “It is really important that we move to drive deals, approve projects, create opportunities and drive investment. We have got to move big on the fiscals and getting deals done. Sign baby sign.”

Talking about Congo’s progress regarding gas monetization, H.E. Minister Itoua emphasized that, “We want to use the gas we have. We have a project to produce gas and work is underway. In Q4 2023, we could have the first exportation of liquefied natural gas – 600,000 tons per year – and we want to reach 3 million tons per year by 2025.

The Minister noted that an institutional framework to give incentives to oil companies was on the cards, stating that “We will have a gas code which will be implemented at the end of the year with the help of the World Bank, we will launch a promotion campaign for gas soon. Gas is the best transition energy.”

Meanwhile, H.E. Minister Ntubuanga said that the DRC, “has great potential for hydrocarbons. For the three gas blocks that we have in Lake Kivu, we have confirmed everything and have a PSC in place. Regarding the call for tenders, this is closed and we are working on them to figure out how we can work out the contracts. The potential in the DRC is 22 billion barrels of oil. We are working on legal incentives to attract investment.”

This is the city where the climate agreements were signed, and it cannot be a real agreement without us talking about a just energy transition

As the continent moves to unlock the full potential of its oil and gas resources, European players, armed with their expertise and resources, have an increasingly important role to play in financing and developing African hydrocarbons.

According to Hon. Alweendo, “We understand that you come to Africa to invest. It is a business and we need to understand your position, what will make it easier to invest and what we need to do to get you to sign deals. From the 16-20 October, there will be a big conference which will explain the importance of investing in Africa.”

Looking forward, despite external shocks that continue to impact oil and gas development, Africa’s energy landscape is on the path towards rapid transformation, with continental players pursuing an energy transition that is just and includes every resource. 

“When I talk about the energy transition in Africa, I always talk about energy addition. It is not about either or, but that everything has to happen all at once. We are seeing a lot of investment in the continent, mostly coming from oil and gas,” stated Nysveen.

As Africa’s energy sector expands, the role the logistics industry plays has become increasingly important. On this note, Melet stated that, “Logistics has a role to play to support the change of energy availability in Africa. Our mission is to support the continent by providing tailor-made logistics across the industry, improving connectivity between Africa and the rest of the world, and contributing to create a virtual logistics ecosystem.”

Adding to this, de la Fouchardière stated that, “We want to take action. You say ‘drill baby drill,’ ‘sign baby sign,’ we say: produce baby produce. We have eight exploration wells, have made one major discovery and have just started producing six months after signing the deal in a new field in the Congo.”

With these addresses, the forum officially kicked off, serving as a bridge to connecting European players with African counterparts.

AEW 2023 is the African Energy Chamber’s annual energy event. This year’s edition takes place in Cape Town from October 16-20 under the theme, ‘The African Energy Renaissance: Prioritizing energy poverty, people, the planet, industrialization and free market.’ 

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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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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Business

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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