Connect with us

Business

African Energy Week (AEW) 2024 to Consolidate Financing Strategies for Angolan Energy Projects

Published

on

As part of the Energy Finance Summit, a dedicated “Financing Angolan Energies” session will unlock new strategies and incentives during the African Energy Week: Invest in African Energy conference

CAPE TOWN, South Africa, September 23, 2024/APO Group/ — 

With a new bid round in preparation, Angola is gearing up to attract investment to its greenfield projects, while simultaneously maximizing production from mature fields. At the African Energy Week (AEW): Invest in African Energy 2024 conference, the Energy Finance Summit will feature a dedicated session on “Financing Angolan Energies,” exploring how Angola can secure the investment it needs to expand its energy sector and leverage its vast oil and gas resources for local industry and global export. 

The Angola-focused session will explore the impact of competitive fiscal terms on unlocking new finance, strategies for attracting upstream investors amid climate change concerns and the role of oil and gas projects in supporting broader investments across the energy value chain. With Justin Cochrane, Africa Technical Research Head of S&P Global Commodity Insights serving as the moderator and speakers from investment firm Gemcorp and Angolan oil company Etu Energias, the session will shed insight into how Angola can secure the necessary financial backing to accelerate energy sector growth and transition.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

Angola’s energy sector is characterized by substantial proven reserves – approximately 9 billion barrels of oil and 11 trillion cubic feet of gas. As part of its strategy to boost production, Angola has introduced new incentives for marginal field development and deployed a six-year licensing round strategy through 2025. Currently, there are 29 blocks on offer. These include five marginal fields, including those in Block 4, Block 14, Block 15 and Block 18; four onshore block opportunities (as part of the 2023 round); 11 block opportunities for permanent offer; and nine offshore opportunities (as part of the 2025 round). These efforts align with the country’s goal of maximizing mature field production, while unlocking the potential untapped reserves and positioning itself as a favorable destination for upstream investment.

Securing investment for large-scale projects like TotalEnergies’ $6-billion Cameia and Golfinho field development in Block 20/11 has been pivotal to driving Angola’s offshore expansion. TotalEnergies and its partners, Malaysian multinational Petronas and Angolan national oil company Sonangol, reached FID for the project earlier this year through a combination of equity investments, strategic partnerships and long-term offtake agreements, which helped de-risk the project and ensure its viability. TotalEnergies is also rolling out its Begonia oil field development in Block 17/06, which reached FID in 2022 and is set to produce 30,000 barrels per day (bpd) by late-2024.

Meanwhile, Angola’s downstream sector is advancing rapidly, underpinned by diverse investment strategies that are fueling the development of several refining projects. The construction of the 200,000-bpd Lobito Refinery, 30,000-bpd Cabinda Refinery and 100,000-bpd Soyo Refinery – all scheduled for completion by 2025 – relies on a mix of international capital, public-private partnerships and innovative finance mechanisms. Financing for the Cabinda Refinery has been underpinned by the Fund for Export Development in Africa, an impact investment subsidiary of the African Export-Import Bank, and included a $335-million project facility secured in 2023. The modular refinery will increase Angola’s refining capacity by a total 60,000 bpd and contribute to Angola’s self-sufficiency in petroleum products. Furthermore, Angola’s bio-refinery initiative at the Luanda Refinery Complex reflects growing demand for cleaner petroleum by-products and could stimulate green finance packages from sustainability-focused banks and lending institutions. By utilizing diverse financing tools and integrating sustainable energy practices into traditional refining projects, Angola can accelerate its downstream sector expansion.

https://apo-opa.co/3BfyEBr

AEW: Invest in African Energy 2024 provides a critical platform for industry players, financiers and policymakers to discuss how to further capitalize on Angola’s energy resources and sophisticated production infrastructure. Moreover, the success of Angola in attracting new investment will serve as a model for financing energy projects across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

Business

World Football Summit Rabat at University Mohammed VI Polytechnic (UM6P) Concludes with Commitment to African Football Development and Global Collaboration

Published

on

Over two days, the summit convened 1077 stakeholders from 70 countries, reinforcing Morocco’s role as a platform for sport-driven innovation and continental collaboration

RABAT, Morocco, April 10, 2025/APO Group/ –The inaugural edition of the World Football Summit (WFS) (https://WorldFootballSummit.com) Rabat 2025, held in partnership with Evosport, a subsidiary of UM6P, and in collaboration with the Royal Moroccan Federation of Football concluded after two days of exchanges on the state and the trajectory of football in Africa and its links to global dynamics.

Held on April 9 and 10 at UM6P’s Rabat campus, the summit convened more than 1077 football industry leaders from 70 countries, including decision-makers from 65 clubs, leagues, and federations. Under the theme “Where football innovation meets legacy”, the event provided a platform for reflection on the evolving role of Morocco and Africa in shaping the global football landscape, particularly in light of the continent’s growing visibility ahead of the 2030 FIFA World Cup, co-hosted by Morocco alongside Spain and Portugal.

“What we’ve witnessed in Rabat these past two days has been truly historic,” said Jan Alessie, Co-founder and Managing Director of World Football Summit. “The quality of discussion, the level of engagement, and the genuine commitment to collaboration have exceeded our expectations. This summit has not only showcased Morocco’s growing leadership in global football but has created tangible pathways for African football to accelerate its development through meaningful partnerships. The connections formed here between African football leaders and their international counterparts will yield benefits for years to come.”

Hicham El Habti, President of UM6P, stated: “WFS Rabat is a natural extension of our commitment to rethinking development models through knowledge, innovation, and continental collaboration. Football—like science, education, and technology—requires institutions that can convene, structure, and elevate ambition. By hosting and contributing to this summit, we are reinforcing Morocco’s and Africa’s capacity to lead with ideas, shape with values, and build ecosystems where excellence is cultivated and shared.”

The quality of discussion, the level of engagement, and the genuine commitment to collaboration have exceeded our expectations

The WFS Honors Ceremony, moderated by Mimi Fawaz (MC – WFS Rabat 2025), highlighted a number of initiatives and individuals whose work reflects a thoughtful approach to football development. The Academie Mohammed VI was recognized for its Local Grassroots Strategy to develop Sport. Frederic Kanoute received the WFS Honor for Exemplary Achievements in Football & Beyond for his contributions both on and off the pitch. OCP Group received the WFS Honor for Social & Community Impact through Sport for their transformative community initiatives. The Moroccan Football Federation (FRMF) was recognized with the WFS Honor for Exceptional Development in Women’s Football for their pioneering efforts in advancing the women’s game in Morocco. Finally, the African Club Association (ACA) was granted the WFS Honor for Uniting African Football. 

Discussions throughout the two days addressed pressing challenges and opportunities in the football ecosystem. Topics ranged from talent retention and financial models to technological integration and regulatory governance. Fouzi Lekjaa, President of the Moroccan Football Federation, presented Morocco’s vision for football development ahead of the 2030 World Cup. Shehu Dikko, Honourable Minister of Sports of Nigeria, reflected on how African football can become more sustainable. FIFA’s Regional Director for Africa, Gelson Fernandes, discussed pathways for strengthening football governance, while CAF’s Director of Tournaments, Samson Adamu, shared innovations in continental competitions formats.

The summit drew participation from organizations such as FIFA CAF, or ECA, government ministers from Nigeria, Ghana, and Kenya, as well as executives from properties such as LALIGA, FC Barcelona, or even the NBA, who engaged in discussions about cross-continental collaboration in sport governance and development.

Moreover, partners including Royal Air Maroc and TAQA played essential roles in the summit’s success, demonstrating the importance of public-private collaboration in advancing sports development.

The WFS global series continues with upcoming events in Monterrey (June 2025), Hong Kong (September 2025), Madrid (October 2025), and Riyadh (December 2025), creating a year-round platform for the football industry to connect and collaborate across continents.

For more information about World Football Summit’s 2025 events and registration details, visit www.WorldFootballSummit.com

Distributed by APO Group on behalf of World Football Summit

Continue Reading

Business

Invest in African Energy (IAE) 2025 to Host Panel on Advancing Africa’s Liquefied Natural Gas (LNG) Potential

Published

on

A high-level panel at the Invest in African Energy Forum in Paris, powered by Perenco, will explore how Africa can overcome infrastructure and investment challenges to unlock its LNG potential while advancing energy security and sustainable development

PARIS, France, April 10, 2025/APO Group/ –The upcoming Invest in African Energy (IAE) 2025 Forum will feature a high-level panel on Advancing Africa’s LNG Potential: Overcoming Infrastructure and Investment Challenges, sponsored by Perenco. As global demand for natural gas rises, Africa’s abundant reserves and strategic location position the continent as a key supplier – provided infrastructure, regulatory and financing hurdles can be addressed.

Moderated by Jacqueline Chinwe, Global Future Energy Leader, the panel brings together influential voices from the LNG value chain. Confirmed speakers include Julius Rone, Managing Director of UTM Offshore; Mario Bello, Head of Sub-Saharan Africa at Eni; Dominique Gadelle, Vice President, Upstream & LNG at TechnipEnergies; and Denis Chatelan, Head of Business Development at Perenco. These leaders will share strategies to accelerate LNG development, including de-risking investments, leveraging blended finance models and strengthening regulatory frameworks to ensure commercial viability.

IAE 2025 (http://apo-opa.co/4lq1VMj) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Africa’s natural gas resources – particularly in countries like Nigeria, Mozambique, Senegal, Mauritania and the Republic of the Congo – are attracting growing international interest. Natural gas is expected to account for 40% of Africa’s oil and gas capital expenditures by the end of the decade, according to the African Energy Chamber’s State of African Energy 2025 Outlook Report. In West Africa, major projects such as Phase 2 of the Greater Tortue Ahmeyim development and the Yakaar-Teranga Gas Project in Senegal are set to significantly boost LNG production and regional gas-to-power capacity, while Eni’s Congo LNG project in the Republic of the Congo is leveraging FLNG technology to fast-track exports and monetize offshore reserves.

With major LNG projects advancing across the continent, investment momentum continues to build. Floating LNG solutions – such as UTM Offshore’s facility in Nigeria and Perenco’s Cap Lopez terminal in Gabon – are offering scalable, capital-efficient models for deployment. In Mozambique, Eni is expanding on the success of its Coral South FLNG by developing a second floating facility, Coral North. Meanwhile, gas-to-power initiatives hold strong potential to address chronic energy shortages, contributing to both energy security and the transition to a more sustainable, lower-carbon energy mix. The panel will explore how to align Africa’s export ambitions with domestic industrialization and energy access goals, driving inclusive economic growth while contributing to global energy security and environmental objectives.

Distributed by APO Group on behalf of Energy Capital & Power

Continue Reading

Business

Aptiway Global Hosts High-Level Delegation from the Democratic Republic of Congo to Advance Digital Transformation Agenda

Published

on

The workshop will also examine models for human capital development and institutional readiness that support long-term digital transformation

DUBAI, United Arab Emirates, April 10, 2025/APO Group/ –Aptiway Global (https://Aptiway.com) is pleased to announce that it will host a senior delegation from L’Agence pour le Développement du Numérique (ADN) of the Democratic Republic of Congo (DRC) for a high-level strategic workshop in Dubai from April 14 to 18, 2025. The workshop will take place at the Pullman Dubai Creek City Centre Hotel and is designed to foster technical collaboration, share experiences, and explore scalable digital solutions tailored to the DRC’s national priorities.

Led by Mr. Dominique MIGISHA, Coordinator of ADN, the delegation will engage in an intensive five-day program covering a wide range of strategic themes, including digital identity platforms, eGovernment systems, cybersecurity, data protection, and infrastructure interoperability. The workshop will also examine models for human capital development and institutional readiness that support long-term digital transformation.

Africa’s digital future depends on bold leadership and practical collaboration

This engagement aims to identify actionable outcomes that can accelerate the implementation of inclusive and secure digital ecosystems in the DRC. These include a roadmap for deploying national digital identity systems, strategic recommendations for eGovernment rollout, and a framework for ongoing technical cooperation between Aptiway and ADN.

Speaking ahead of the workshop, Mr. Shince Thomas, CEO of Aptiway Global, said: “We are honoured to host the ADN leadership. This visit underscores a shared vision for using technology as a catalyst for development, and we look forward to co-creating solutions that deliver real impact.” 

Mr. Dominique MIGISHA, Coordinator of ADN, added: “This collaboration with Aptiway Global is a timely opportunity to deepen our understanding of effective digital infrastructure and services. We are committed to translating this knowledge into tangible progress for the Congolese people.” 

Simplice Anoh, Co-Founder of Aptiway Global, also commented on the significance of the partnership: “Africa’s digital future depends on bold leadership and practical collaboration. This workshop reflects our shared commitment to building resilient, homegrown solutions that respond to local challenges while unlocking global opportunities.” 

The workshop reaffirms the value of cross-border collaboration in achieving sustainable digital transformation and highlights the Democratic Republic of Congo’s growing momentum in building resilient, future-ready digital systems.

Distributed by APO Group on behalf of Aptiway Global

Continue Reading

Trending

Exit mobile version