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African Energy Week (AEW) 2024 Opens in Cape Town with Clarion Calls to Drill, Invest and Drive Projects Forward

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African Energy Week

The Kosmos Energy-sponsored opening ceremony at AEW: Invest in African Energies 2024 featured remarks from industry leaders and African energy ministers

CAPE TOWN, South Africa, November 6, 2024/APO Group/ — 

The African Energy Week (AEW): Invest in African Energies 2024 conference officially opened with calls from the industry to ‘drill baby drill.’ Citing the need to enhance climate justice through the development of domestic energy resources, industry leaders from across the continent underscored the need to sign deals, foster partnerships and drive projects forward.

With over 600 million people living without access to electricity and 900 million people without access to clean cooking solutions, the AEW: Invest in African Energies opening ceremony – sponsored by Kosmos Energy – positioned the oil and gas industry as the catalyst for making energy poverty history.

“Our priority must continue to be to end energy poverty for all Africans as well as to create an enabling environment where the oil and gas industry can thrive,” stated Diamantino Pedro Azevedo, Minister of Mineral Resources, Petroleum and Gas, Angola. “That is also our priority in Angola. The oil and gas industry will be a fuel for socioeconomic development.”

For the African Petroleum Producers Organization (APPO), prioritizing the development of domestic markets will be integral for eliminating energy poverty. APPO Secretary General Dr. Omar Farouk Ibrahim stated that “Today, APPO is focused on creating an integrated, regional and continental energy market. To create markets, we need to create cross-border, regional and inter-regional infrastructure. One of our projects we are working on is the Central African Pipeline System, which aims to link countries through crude oil and gas pipelines.”

Our priority must continue to be to end energy poverty for all Africans as well as to create an enabling environment where the oil and gas industry can thrive

Adding to these remarks, Kgosientsho Ramokgopa, Minister in the Presidency, Energy and Electricity, South Africa, said that “Today, Africa’s path forward lies in seizing control of our energy destiny. Our resources make us capable of not just powering our homes and industries but a new Africa. This will require unity of purpose and a collective resolve.”

Despite project progress, financing remains a central challenge to oil and gas development in Africa. According to Mary Bruce Warlick, Deputy Executive Director of the International Energy Agency, “African countries account for 20% of the world’s population but only 4% of global investment. Energy investment has been falling across the continent over the past decade. Africa needs $200 billion to achieve its climate and energy goals by 2030.”

To address these challenges, the African Export-Import Bank (Afreximbank), in collaboration with APPO, established the Africa Energy Bank, an institution which offers financing for African oil and gas projects. According to Benedict Oramah, President & Chairman of the Board, Afreximbank, “The Africa Energy Bank is the first multilateral sector bank in Africa. We expect the bank to significantly contribute towards bridging the funding gap in the African energy sector. It will be open for business to have access to funding by February in 2025. We invite you to send in your applications to be the first transaction by the Africa Energy Bank, which will be ready in a few months’ time.”

The Africa Energy Bank supports energy companies drive projects forward. For independents such as Oando, this presents a strategic opportunity to expand their oil and gas portfolios in Africa. Wale Tinubu CON, Group Chief Executive Officer, Oando PLC, said that “The oil and gas landscape is changing. Between 2015 and 2023, there have been more than $7 billion of divested assets in Africa. In terms of M&A activity, there have been a focus on onshore and shallow water acquisitions and we have seen a rise of indigenous joint ventures and collaborations.”

Stepping into this picture, the AEW: Invest in African Energies conference convenes under a goal to make energy poverty history. By uniting the industry in Cape Town, the event fosters partnerships, promotes deal-signing while creating a collaborative environment for companies to do business in Africa’s energy sector.

“It is the time for us to tell the African story, written from Cape to Cairo and Kampala to Dakar. We will forge a path that shapes the future. We have work to do in Africa. We sign baby sign so that we can drill baby drill. Let’s not stop getting projects signed,” stated NJ Ayuk, Executive Chairman, African Energy Chamber.

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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February 6, 2026

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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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February 6, 2026

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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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February 6, 2026

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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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