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African Energy Week (AEW) 2024 to Host MSGBC Spotlight as First Oil Affirms Regional Investment Potential

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African Energy Chamber

Sponsored by Technip Energies, the MSGBC Country Spotlight will showcase upcoming projects, developments and investment opportunities within the MSGBC bloc.

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

First production at the Sangomar Oilfield in 2024 in tandem with undeveloped oil, gas and renewable energy potential make the MSGBC region a hotspot for energy investment. As such, this year’s African Energy Week (AEW): Invest in African Energy 2024 conference – taking place in Cape Town from November 4-8 – will feature a country spotlight on Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry, showcasing how the region presents a compelling opportunity for investors due to its vast untapped resources, favorable regulatory environments and strategic location. 

The Invest in MSGBC Energies country spotlight – sponsored by engineering and technology company Technip Energies – will explore how governments in the region are actively promoting policies that will attract foreign direct investment, providing incentives and serving to streamline processes that reduce barriers to entry.  

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. 

Joining the ranks of oil-producing countries, Senegal shipped its first crude cargo from the Sangomar oil project in July this year. The $5.2 billion Sangomar field development is operated by global energy company Woodside Energy and aims for an initial production of 100,000 barrels per day. The first phase of the development involves 23 wells – comprising 11 production, 10 water injection and 2 gas injection wells – and targets and estimated resource base of 630 million barrels. 

To maintain the success of ongoing projects, the region is strengthening its investment climate to encourage new participation and funding

Additionally, Mauritania anticipates first natural gas production from the Greater Tortue Ahmeyim project – straddling the maritime border of Mauritania and Senegal – to begin this year and is also spearheading the development of 12.5 million tons of green hydrogen capacity by 2035. In July this year, the government approved two bills, the first of which establishes an incentive-based and transparent legal and regulatory framework to attract renewable energy and green hydrogen investors. The second bill introduces new mechanisms to promote SMEs that provide high-quality goods and services, as well as develop local expertise and know-how in the country’s extractive industries.  

Meanwhile, The Gambia’s offshore prospects offer significant potential for play-opening discoveries and is situated in proximity to the Sangomar field. The country’s Bambo prospect reservoirs have revealed oil shows in recent years and could hold up to 1.2 billion barrels of oil. The data – acquired by independent oil and gas company FAR – has opened additional material exploration opportunities in the offshore A2 and A5 blocks. 

Set to support Guinea-Bissau’s first solar power plants with a $35 million grant, the Board of Executive Directors at international finance institution the World Bank is set to develop 30 MW of solar parks with battery energy storage systems in the country. Meanwhile, last year, the government and energy supermajor Eni joined forces to embark on a joint endeavor to appraise the country’s offshore exploration prospects 

Major advancements this year saw Guinea-Conakry initiating discussions with private partners for the development of 500 MW of solar energy. Meanwhile, natural gas company West Africa LNG announced the start of development of the $3 billion Guinea LNG import project, which is poised to supply power to the country’s energy and mining sectors by 2025.   

In light of these major milestones in the MSGBC region, the country spotlight at this year’s AEW: Invest in African Energy conference will outline ongoing project developments, future investment opportunities and emerging partnerships. Speakers will include Senegal’s newly appointed Minister of Energy, Petroleum and Mines Birame Souleye Diop; Guinea-Conakry’s Minister of Energy, Hydropower and Hydrocarbons Aboubacar Camara as well as upstream oil company Kosmos Energy’s Vice President and Country Manager for Mauritania Ismail Sid Ahmed; marine engineering company Golar LNG CEO Karl Staubo and senior executives from engineering and technology company Technip Energies and energy company AGL Energy.  

“Advancements in the oil, gas, renewables and green hydrogen sectors coupled with the development of favorable fiscal and regulatory incentives make the MSGBC region one of the most attractive investment destinations for the energy industry in the world. To maintain the success of ongoing projects, the region is strengthening its investment climate to encourage new participation and funding,” states African Energy Chamber Executive Chairman NJ Ayuk. 

Distributed by APO Group on behalf of African Energy Chamber.

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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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