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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.

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Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

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Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

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

 

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Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

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The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

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Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

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In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

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