Connect with us
Anglostratits

Business

African Energy Stakeholders Discuss Investment, Domestic Gas Utilization and Namibia’s Oil Boom

Published

on

The African Energy Chamber hosted a webinar to discuss the challenges and opportunities within Africa’s energy sector and the importance of collaboration amongst African stakeholders to boost market growth

JOHANNESBURG, South Africa, April 14, 2022/APO Group/ — 

With over 600 million without access to electricity in Africa in 2022, urgent solutions are required. In this regard, signing deals to expand energy production is key to addressing energy poverty and the continent’s energy market stakeholders need to ensure they push for local content and address issues such as gender diversity to unlock the full potential of the energy sector. At the same time, collaboration among African governments to address a lack of adequate funding within the sector and to bring deals into concrete projects that create jobs and address energy security is also vital. These were the main messages by industry stakeholders participating in a webinar hosted by the African Energy Chamber (AEC) (www.EnergyChamber.org), on Wednesday, April 13, 2022.

Moderated by the AEC’s Executive Chairman, NJ Ayuk, panellists included Abdur-Rasheed Tunde Omidiya, Managing Director at QSol Consulting DMCC and Head of Nigeria for the AEC; Grace Orife CEO at Adeelar Energy and AEC Board Member; Leoncio Amada Nze Nlang Executive President at the AEC for CEMAC and Founder & Chairman at APEX INDUSTRIES SA; Taimi Itembu who is President for Namibia, AEC; and Verner Ayukegba, Senior-Vice President at the AEC.

During the webinar, the panellists discussed the challenges and opportunities within Africa’s hydrogen and oil and gas sectors, debating investment, infrastructure and how Africa can emerge as the preferred supplier to European markets in the wake of the Russia-Ukraine crisis.

“Africa has the money to build its own infrastructure, it is getting half a billion US dollars by selling oil and gas per day. We just need to direct that money towards infrastructure development. At the same time, Africa also needs to improve its taxes on energy to attract investments and to avoid majors exiting the market. Chevron and other big firms are leaving the west African market because fiscal terms are not making sense, there are high taxes,” stated Leoncio Amada Nze Nlang.

Verner Ayukegba added that, “Without peace in African hydrocarbon producing countries, there won’t be any deals. Peace is important and with it we will see more oil and gas companies that have a strong base across the continent expanding their operations in oil and gas-rich countries. We are so happy South Sudan has reached a deal to ensure security and this means more energy deals will be signed. Moreover, we need to de-politicize energy deals to ensure long term energy partnerships are signed.”

Africa also needs to improve its taxes on energy to attract investments and to avoid majors exiting the market

Additionally, participants also analyzed the impact of the Russia-Ukraine crisis on the African oil and gas market and its possibility of Africa increasing energy exports to Europe.

Grace Orife, explained that “We need private investors and African investors because Europe is not going to give us the money to accelerate infrastructure deployment. Looking at the huge gas reserves Africa has, domestic gas supply should be a priority before we supply to Europe and other markets considering we have 600 million people across the continent that do not have access to energy. With gas also considered a clean energy, Africa should utilize it to address energy poverty and decarbonize at the same time.”

Abdur Rasheed extended on this notion, adding that “Since Africa is the closest to Europe, why are we not the priority market to get gas to Europe? The challenge we have seen regarding Africa not getting gas to Europe is the lack of infrastructure. However, Africa is already exporting gas to Europe. What we need is more investments and transmission systems. We are glad the Niger, Nigeria and Algeria pipeline deal has been signed. This is something that should have been done years ago. Underinvestment has restrained Africa to expand to Europe, Nigeria and other African countries that have high gas reserves need to ramp up infrastructure development to be able to increase exports to Europe.”

Meanwhile, ahead of the Namibia International Energy Conference 2022, a platform to unite energy stakeholders with investors and international partners to drive industry growth and development, which will take place from 20 – 21 April 2022 in Windhoek, the webinar also highlighted developments and opportunities within the country’s energy sector.

“Namibia is ready in terms of policy and governance but in terms of infrastructure the country has a lot of work to do. This is where foreign direct investments are needed as well as the participation of private sector investors. Namibia is going to need the support of other leading hydrocarbon producers in Africa such as Nigeria and Niger and to partner with firms with high technical experience to ensure local people are skilled. In terms of the green hydrogen sector, Namibia is taking the narrative from America of taking hydrogen into the energy mix. The Netherlands and Germany and the private sector are helping in that regard,” stated Taimi Itembu.  

Finally, the webinar also highlighted the importance of collaborations such as the Team-Energy Africa initiative, an initiative between the AEC, the United Nations Economic Commission for Africa and the Secretariat of Sustainable Energy for All, that will launch in Kigali, Rwanda from 17-19 May 2022. With the Team-Energy Africa initiative launching with $1 billion in funding, the project will play a key role in accelerating electrification in Africa to ensure the achievement of sustainable development goals.

The webinar also served as an introduction of discussions that will be held at the AEC’s premier event for the oil and gas sector, African Energy Week (AEW), which will take place from 18 – 21 October 2022 in Cape Town. During AEW, topics such as policy reforms and increasing exploration and production activities as stakeholders align to ensure Africa uses its oil and gas resources to make energy poverty history by 2030.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

Published

on

Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

Continue Reading

Business

South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

Published

on

Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

Continue Reading

Business

Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

Published

on

Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

Continue Reading

Trending