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African Energy Week (AEW) 2024 to Fuel Project Development with Dedicated Upstream E&P Forum

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African Energy Week

The Upstream E&P Forum will serve as the premier platform to update Africa’s energy leaders on oil and gas projects shaping the energy landscape across the continent

CAPE TOWN, South Africa, June 4, 2024/APO Group/ — 

Representing the biggest gathering of energy stakeholders on the continent, Africa’s premier energy event – the African Energy Week (AEW): Invest in African Energy conference – will host a dedicated Upstream E&P forum to showcase licenses and active assets to global investors and industry leaders. The forum serves as the principal platform to connect investors and project developers with available acreage.

The forum will feature private sector executives, ministers and senior and government officials as they drill down on key issues and offer progressive solutions for maximizing the value of Africa’s energy resources. Representing the ideal platform for leading players throughout the continent and abroad to build on a shared commitment towards bringing Africa out of energy poverty, the forum aims to bolster energy access through resource exploitation and monetization. Don’t miss the chance to connect with Africa’s E&P market. Contact register@aecweek.com or sales@aecweek.com for more information about the forum.

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.

In 2024, Africa’s E&P landscape is witnessing unprecedented growth owing to regional demand, with recent large-scale discoveries and calls by African stakeholders to advance hydrocarbon monetization. While major oil producing countries such as Algeria, Angola and Libya look towards expanding production on the back of new exploration campaigns, nascent markets such as Namibia and the Republic of Congo have put forward ambitious upstream agendas which aim to position the countries as both producers and exporters.

Africa is making strides to expand its oil and gas reserves, with multiple countries introducing new licensing rounds and accelerating ongoing ones. Sub-Saharan Africa is expected to spearhead this growth, with more than 11 licensing rounds planned for 2024 and 2025. Namibia is awarding new E&P licenses in two 2-month periods in 2024 as part of a new open-door system entitled the New System, which was launched in January to address a backlog of permit applications. The country received applications for its onshore blocks from April to May and is poised to receive applications for offshore E&P licenses from September to October.

The Upstream E&P Forum will be crucial for moving projects forward and prioritizing the funding of large-scale oil and gas projects to fuel economic growth

Meanwhile, Angola’s national concessionaire – the National Oil, Gas & Biofuels Agency (ANPG) – is set to launch its 2025 Limited Public Tender, offering up to 10 offshore blocks in the Kwanza and Benguela basins in 2025. In March 2024, the ANPG announced winners for a 12-block oil and gas tender covering the Lower Congo and Kwanza onshore basins. The government’s updated Hydrocarbon Exploration Strategy 2020-2025 showcases the immense potential within the country’s geologically-appraised concessions and sedimentary basins, with underexplored prospects such as the Kwanza Basin and Namibe Basin serving as some of the world’s leading frontiers for hydrocarbon exploration.

Additionally, Nigeria launched its 2024 licensing round in April, offering 19 blocks – including seven deep offshore assets and 12 new assets. The licensing round will conclude in January 2025, highlighting a strategic opportunity for E&P players. Uganda is also expected to launch its third licensing round in mid-2024, offering blocks in the Open Albertine Graben basin, while Somalia is set to offer some 26 offshore blocks in its 2024 bid round – expected to close in 2026. Kenya and Tanzania are preparing to launch their own respective licensing rounds this year, underscoring frontier opportunities in East Africa.

Across the continent, E&P players are already making strides towards developing untapped resources. In April, energy giant TotalEnergies signed an MoU with Algerian state-owned energy company Sonatrach for the appraisal and development of gas resources in the North-East Timimoun region. Meanwhile, the same month saw the discovery of a well in Libya by the country’s state-owned National Oil Corporation with the potential to produce 16.8 million cubic feet of gas per day. In addition to gas, the discovery also shows the potential for the well to produce 646 barrels of oil per day with a specific density of 49 API.

On top of these recent advancements, large scale discoveries in the Orange Basin and the MSGBC Basin have positioned Africa as one of the world’s top oil and gas markets. In Namibia – compounded by favorable fiscal incentives and a large-scale investment landscape – discoveries include the Graff-1, Venus-1, Jonker-1X, La Rona-1, Lesedi-1X, Mopane-1X and most recently, the Mangetti-1X concessions, which have attracted oil and gas supermajors including TotalEnergies, Shell, Chevron and ExxonMobil, as well as independents players such as Azule Energy, Galp and ReconAfrica.

Meanwhile, the Sangomar Field Development – Senegal’s inaugural offshore oil project – anticipates first oil in mid-2024 and is set to process 100,000 barrels per day once operational. Straddling the maritime border between Mauritania and Senegal, the development of the Greater Tortue Ahmeyim LNG project is nearing completion.

“What Africa needs to make energy poverty history by 2030 is for more wells to be drilled. The Upstream E&P Forum will be crucial for moving projects forward and prioritizing the funding of large-scale oil and gas projects to fuel economic growth and accelerate industrialization,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

Register now at registration@aecweek.com to take part in this strategic forum.

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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Business

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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