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African Energy Week (AEW) 2023 Shines a Spotlight on Equatorial Guinea’s Regional Gas Ambitions

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African Energy Week

An Invest in Equatorial Guinea Energies session at African Energy Week 2023 examined the country’s current partnerships and future investment needs, with an emphasis on natural gas monetization

CAPE TOWN, South Africa, October 19, 2023/APO Group/ — 

African Energy Week (AEW) 2023 featured an Invest in Equatorial Guinea Energies strategic session on Thursday, examining the West African country’s partnerships and investment needs, while showcasing the success of its energy sector to date.

Sponsored by national oil company (NOC), GEPetrol, the session commenced with opening remarks from Equatorial Guinea’s Minister of Mines and Hydrocarbons, Antonio Oburu Ondo, who emphasized the country’s ongoing investment drive and receptive operating environment.

“We are open for business, we are open to host new investors and we are inviting you to be very pragmatic when you approach Equatorial Guinea,” said Minister Ondo.

The session discussed Equatorial Guinea’s burgeoning role as a regional hub for gas liquefaction and distribution. Under its flagship Gas Mega Hub development, the country has laid the foundation to monetize stranded gas resources in both domestic and regional basins, supported by both public and private sector actors. 

“Our main objective is to do business and maximize the profitability of our company, but on the other hand, as the NOC, we have to make sure that the policies are successfully implemented. Therefore, we are acting as an intermediary between companies and the government,” stated Teresa Isabel Nnang Avomo, Managing Director for GEPetrol.

“We work to support oil and gas and we work to support the government,” stated Dr. Nosa Omorodion, Director of National Directorates and Independents for West Africa at SLB.

The speakers discussed the favorable business and investment environment in Equatorial Guinea, highlighting its comprehensive and energy-specific legislative and regulatory frameworks as key pillars for exploration and production activities in the country.

“Kosmos is part of the success of the oil and gas industry in Equatorial Guinea,” stated Fidel Envo, Vice President and Country Manager of Equatorial Guinea for Kosmos Energy. “We are committed to Equatorial Guinea and have long-term plans for the exploration sector.”

When service companies want to come to Equatorial Guinea, they should not be worried that they are meeting the right companies

“We have operated in Equatorial Guinea since the 2000s and have seen a lot of pragmatism in the country,” affirmed Sebastian Wagner, Managing Director for Atlas Petroleum.

“Our objective is to narrow the gap between Final Investment Decisions and Annual Operating Income,” stated Serafin Ncogo Eyang, Strategic Planning Manager for Liquefied Natural Gas company, EG LNG.

With over five trillion cubic feet of proven natural gas reserves and a strong infrastructure base, Equatorial Guinea has been making significant strides towards establishing itself as a regional gas processing hub. Under the country’s GMH initiative, the government has partnered with a strong slate of foreign energy firms to scale-up project developments and unlock untapped reserves across West Africa.

“In Equatorial Guinea, we are well known for flexibility,” stated Oscar Garcia Berniko, Director of Equatorial Guinea’s Ministry of Mines and Hydrocarbons. “We are also open to consider special fiscal terms depending on the particular block an investor might be interested in.”

“The key component of our role is to put together a project that is going to work, where the capital is understood and where the whole system is well understood,” stated Scott Childres, Director of Mid-Africa for Chevron. “This helps partners engage in bilateral agreements.”

Positioned as a sustainable energy solution, natural gas has taken on a pivotal role as a catalyst for diversified and industrialized growth in Equatorial Guinea. The panel highlighted local content development, value addition and localization as imperatives when it comes to natural gas exploration and development. 

“We are the product of local content in Equatorial Guinea,” stated Pablo Memba, CEO of Grupo Memba. “When service companies want to come to Equatorial Guinea, they should not be worried that they are meeting the right companies. They should be confident in the country as an established and secure investment decision.”

As global interest in African gas heightens, Equatorial Guinea’s strong regulatory foundation, commitment to mutually beneficial investment terms and wealth of opportunities are poised to unlock further development prospects for the country. Additionally, with local content, regional cooperation and technology development at its core, the country’s ambitions to become a regional energy hub are set to drive the next wave of sustainable growth in West Africa.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. The conference and exhibition serves as the biggest gathering of energy stakeholders and policymakers on the continent and is organized by the voice of the African energy sector, the African Energy Chamber. Keep following www.AECWeek.com for more exciting information and updates about Africa’s premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

Events

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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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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