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African Energy Week (AEW) 2024 to Examine Liquefied Petroleum Gas (LPG) and Clean Cooking as a Catalyst for Making Energy Poverty History by 2030

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African Energy Week

African Energy Week: Invest in African Energy will host a session on LPG value chains, focusing on expanding access and promoting sustainable cooking solutions across Africa

CAPE TOWN, South Africa, September 12, 2024/APO Group/ — 

In a recent development for Africa’s clean cooking landscape, the Global LPG Partnership (GLPGP) and the African Refiners & Distributors Association (ARDA) announced a $1.5 billion fund dedicated to supporting clean cooking initiatives across the continent. The fund aims to accelerate the adoption of LPG as a primary cooking fuel, addressing the urgent need to reduce the reliance on biomass, which remains prevalent across Africa. The GLPGP-ARDA fund will provide financing for infrastructure development, distribution networks and consumer education programs, facilitating broader access to LPG and promoting sustainable cooking practices.

This development comes at a time as African Energy Week (AEW): Invest in African Energy 2024 – scheduled for November 4-8 in Cape Town – prepares to host a session titled, Towards the Elimination of Energy Poverty: LPG Value Chains for the African Clean Cooking Crusade. With approximately 900 million people in Africa still lacking access to clean cooking technologies, the session will explore how investments in LPG and distribution can catalyze energy security in Africa. The session will also provide an overview of innovative financing tools applicable to LPG markets, with insights from industry experts including Spark+ Africa Fund’s Partner and Investment Director Peter George; LPG Association of South Africa’s (LPGSA) Managing Director Gadibolae Dihlabi; and Oryx Energies’ Managing Director Pam Indurjeeth.

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 www.AECWeek.com for more information about this exciting event.

LPG serves as a vital solution for improving access to clean, affordable and reliable energy in Africa, and recent advancements across the continent aim to bolster the penetration of LPG in domestic markets. The International Energy Agency – which declared 2024 as the year for achieving universal access to clean cooking – mobilized $2.2 billion in public and private sector funding during a summit in Paris this year. The financing supports the adoption of clean cooking solutions such as LPG and accounts for half of the continent’s financial needs to achieve universal access.

LPG stands to transform Africa’s energy sector, bringing cost-effective and reliable energy to millions of people

In Gabon, independent oil and gas company Perenco launched its Batanga LPG plant in December 2023, representing the second phase of its $50-million gas development project – set to produce 15,000 tons of LPG. Similarly, Kenya has positioned itself as a regional LPG hub with the inauguration of a new facility in Mombasa. Notably, LNG distributor Taifa Gas began constructing a $130-million, 30,000-metric-ton LPG storage facility in the Dongo Kundu Special Economic Zone in Mombasa last December. This facility is set to reduce East Africa’s dependency on imported LPG, ensuring a more reliable and affordable supply for households.

In North Africa, Algeria – the continent’s largest LPG producer –  has advanced its LPG capabilities through a $740-million contract between national oil company Sonatrach and multinational TotalEnergies for extraction operations at the Tin Fouye-Tabankort fields. Similarly, Egypt, Africa’s third-largest LPG producer, is enhancing its infrastructure with the development of the $732-million Western Gas Complex. Scheduled to become operational later this year, this facility will significantly increase Egypt’s LPG production capacity to address the country’s growing energy needs.

In addition to energy access, progress is being made to boost capacity building across the LPG industry. Nigeria and Saudi Arabia have partnered to enhance LPG accessibility through the National Human Capacity Training Program for the Adoption of LPG. This initiative, led by Saudi Arabia’s Oil and Sustainability Program in collaboration with Nigeria’s Ministry of Petroleum Resources, focuses on developing micro-distribution points in Nigeria’s Edo State and establishing training facilities for local communities. The program aims to increase LPG availability while reducing health risks associated with burning wood or coal for cooking. This partnership is part of Nigeria’s broader strategy to reduce reliance on biomass and promote cleaner cooking solutions.

Meanwhile, financial institutions are also advancing LPG activities in Africa. Notably, the International Finance Corporation (IFC) partnered with Cameroonian energy retailer BOCOM Petroleum to enhance LPG access in rural areas, aiming to replace traditional biomass with cleaner energy alternatives and improve public health. The IFC is supporting this initiative with a €50 million financing package, which will fund the expansion of BOCOM’s main LPG storage facility and the construction of new regional distribution hubs across Cameroon. Additionally, the African Development Bank (AfDB) pledged $2 billion over the next decade to promote the adoption of clean cooking solutions. This commitment, which equates to an annual investment of $200 million, aims to achieve universal access to clean cooking by 2030. The funding will support various solutions, including LPG, gas-to-power and biogas.

“LPG stands to transform Africa’s energy sector, bringing cost-effective and reliable energy to millions of people. The continent’s reliance on biomass has not only imposed risks associated with security of energy supply but has resulted in a continent-wide health crisis. As a clean cooking fuel, LPG provides a tangible solution to mitigating these risks,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

During AEW: Invest in African Energy, the LPG session will explore the contributions of large consumers and regional markets, highlighting how LPG facilities are crucial for achieving economies of scale within the industry. Additionally, the potential of carbon credits and climate finance to drive growth in Africa’s LPG sector will be evaluated, with government policies analyzed for their role in accelerating the development of sustainable LPG ecosystems.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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