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African Energy Week (AEW) 2024 to Host Country Spotlights on Namibia, Nigeria, Republic of Congo (ROC), Mozambique and More

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African Energy Week

African Energy Week: Invest in African Energy will drive new investment and partnership formations in Africa’s leading energy markets through a series of country-specific sessions

CAPE TOWN, South Africa, July 9, 2024/APO Group/ — 

The upcoming African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector, taking place this November in Cape Town – will host a series of country-specific spotlights, showcasing investment opportunities across Africa’s leading energy markets.

Spotlight sessions will highlight projects seeking investment, licensing rounds, planned drilling campaigns and other opportunities for private sector participation. Invest in Nigeria Energies will present lucrative opportunities in Nigeria’s oil and gas market, which has seen several key developments in recent months. The Nigerian Upstream Petroleum Regulatory Commission recently launched its 2024 licensing round, featuring 12 blocks on offer. Majors like Shell have announced plans to invest $1 billion in Nigerian gas projects over the next decade, while Chevron has launched a $1.4 billion infill drilling program. In the gas sector, Nigeria is aiming to produce 5.5 billion cubic feet per day by 2030 and enhance energy security by exploiting its 200 trillion cubic feet of gas reserves, on the back of the country’s flagship Decade of Gas initiative.

In Namibia, a series of offshore oil discoveries – including Shell’s Enigma-1X, Graff-1X, La Rona, Jonker-1X and Lesedi-1X; Galp’s Mopane-1X and Mopane-2X; and TotalEnergies’ Venus-1X and Mangetti-1X – have positioned the country as a global exploration hotspot. New exploration licenses for on- and offshore blocks awarded as part of the country’s latest open-door licensing system present further opportunities for both major and independent explorers. Namibia also ranks as one of Africa’s top green hydrogen markets – home to Hyphen Hydrogen Energy’s $10 billion Tsau-Khaeb development – with the Invest in Namibia Energies session set to showcase the country’s diversified energy agenda. 

The Invest in MSGBC Energies spotlight will delve into the MSGBC region’s energy boom, highlighting first gas production from the Greater Tortue Ahmeyim LNG project in Senegal and Mauritania, as well as first oil production at Senegal’s Sangomar Oil Development. Upcoming projects like the Yakaar-Teranga Hub in Senegal and the Orca and Banda gas fields in Mauritania continue regional industry expansion, while frontier exploration in The Gambia, Guinea-Conakry and Guinea-Bissau points to new oil and gas prospects. In the renewable energy space, Mauritania is also piloting green hydrogen with Chariot’s 10 GW Project Nour, CWP Global’s Aman and AMEA Power’s green hydrogen facilities.

Invest in the Republic of Congo Energies will explore the Congo’s ongoing efforts to maximize its oil production through historic levels of upstream investment. TotalEnergies has announced a $600-million plan to increase production at the Moho Nord field by 40,000 barrels per day in the next three years. Meanwhile, the Republic of Congo is spearheading gas exploration and monetization through a new Gas Master Plan and gas code, supported by Eni’s Congo LNG project – set to transform the country into a major LNG exporter – and Wing Wah’s Banga Kayo project, further enhancing the country’s gas market prospects.

The Invest in Algeria Energies session will showcase Algeria’s efforts to boost its gas reserves, production and exports to Europe, while establishing itself as a leading green hydrogen market. Last April, Algerian NOC Sonatrach signed an agreement with TotalEnergies to develop gas resources in the North-East Timimoun region, while the country is expanding its TFTII oil and gas pipeline to increase gas exports to Europe. Algeria is also evaluating prospects to develop and export green hydrogen to Europe through cooperation with private and public sector entities from Chile and Germany.

As one of Africa’s largest oil producers, Angola is undertaking a series of projects to maintain oil production above 1.1 million bpd through 2027. International energy firm Azule Energy is progressing in the expansion of its Ndungu oil field with the award of an $850-million energy services contract to Saipem last month. The launch of Angola’s 2025 limited public tender, featuring up to 10 offshore blocks in the Kwanza and Benguela basins, also remains highly anticipated. In the downstream sector, NOC Sonangol is expanding the country’s refinery capacity with various new refineries underway in Soyo, Lobito and Cabinda. The Invest in Angola Energies session functions as a platform to connect global investors with Angola’s untapped oil and gas opportunities.

Attracting new investors, partners and technologies is crucial for Africa to maximize the development and exploitation of its energy resources

In Equatorial Guinea, NOC GEPetrol recently initiated several E&P partnerships to unlock new opportunities within the country’s upstream sector, including a $350-million contract with energy services firm Petrofac and a deal with Panoro Energy concluding the terms for offshore Block EG-23. A drilling campaign has been launched by Trident Energy in the Ceiba and Okume fields in Block G since last November and has the potential to unlock additional hydrocarbon production, which will be unpacked at Invest in Equatorial Guinea Energies.

Libya’s National Oil Company plans to launch a licensing round by early-2025 as part of its strategy to boost oil production to 2 million bpd. The country has already increased production by 5.4% as of March 2024, surpassing Nigeria as Africa’s largest crude oil producer. A series of recent exploration agreements with international players including Sonatrach, Eni, bp, Equinor, Oil India and Repsol have restored confidence and catalyzed new activity within the gas and oil sector, with Invest in Libya Energies set to connect investors with emerging prospects.

In Mozambique, the launch of the country’s seventh licensing round in 2025 – alongside major projects such as TotalEnergies’ $10-billion Mozambique LNG facility, ExxonMobil’s Rovuma LNG facility and the expansion of Eni’s Coral South projects – present new opportunities for partnership and investment, to be explored at the Invest in Mozambique Energies spotlight. The award of six exploration blocks in the Angoche and Mozambique basins to China’s CNOOC and a consortium of Eni and Mozambican national oil company ENH – as part of the sixth licensing round in 2023 – highlights growing interest by international firms in the country’s oil and gas prospects.

Lastly, Ghana is undertaking over 17 new oil and gas projects through 2027, aiming for universal energy access by 2030 on the back of expanded hydrocarbon production. Invest in Ghana Energies represents the premier platform for investors to access opportunities within one of Africa’s most mature markets. Key projects include Aker Energy’s Pecan Phase 1A, Ghana National Gas Company’s Atuabo II Gas Processing Plant, Helios Investment’s Tema Floating LNG Plant and the Bulk Oil Storage and Transportation Company’s Tema-Akosombo II Pipeline.

“Attracting new investors, partners and technologies is crucial for Africa to maximize the development and exploitation of its energy resources. The country spotlights at AEW 2024 will connect Africa’s most dynamic markets with global investors, developers and decision-makers and foster strategic collaborations to drive the continent’s energy growth,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

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.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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