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African Energy Week (AEW) 2024 to Unlock New Chapter in United States-Africa Energy Relations

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African Energy Week

African Energy Week: Invest in African Energy will host a US-Africa Roundtable focused on deploying US capital, technology and expertise across the continent

CAPE TOWN, South Africa, July 8, 2024/APO Group/ — 

As climate policies evolve and global competition intensifies, US investors are set to play a critical role in driving the sustainable development of Africa’s energy sector through technology, technical expertise and capital. Addressing these dynamics head-on, African Energy Week (AEW): Invest in African Energy 2024 will host a US-Africa Partnerships Roundtable, a crucial forum dedicated to amplifying collaborative efforts between the US and Africa in the oil and gas and energy space.

The roundtable will explore strategies for strengthening US-Africa partnership in technology, policy and investment, maximizing joint benefits such as expanded market access, enhanced energy security and innovation through joint ventures. By forging more resilient partnerships, both regions aim to propel energy projects and sustainable development. While African markets stand to gain from US capital and technical expertise, US companies will also benefit from bringing new crude oil and LNG capacity online and shaping the energy transition trajectory of Africa and the broader Global South. 

AEW: Invest in African Energy stands as the premier platform for project operators, financiers, technology providers, and governments, recognized as the definitive venue for sealing deals in African energy. For more information about this pivotal event, visit www.AECWeek.com.

Historically, US explorers have played a leading role in Africa’s mature oil and gas markets. In Angola, Chevron holds a 26% market share through flagship assets in Blocks 0 and 14 and recently signed two risk service contracts for Blocks 49 and 50 in Angola’s Lower Congo Basin, marking its first operated assets outside of the Cabinda concessions. ExxonMobil recently completed drilling at the Likember-01 research well in Block 15 offshore Angola and is poised to invest $15 billion to develop potential discoveries in the Namibe Basin through 2030. The US has also committed $360 million to the Lobito Corridor development project, which aims to facilitate the export of critical raw materials from the Democratic Republic of the Congo and Zambia through Angola’s Port of Lobito to US buyers.

These partnerships will not only stimulate drilling activities, yield new discoveries and strengthen production infrastructure, but also empower local economies

In Nigeria, Chevron is expanding its investments in deepwater projects and acquired a stake in OPL 215 offshore the Niger Delta at the start of this year. Chevron’s new era of deepwater development in Nigeria includes signing a 20-year renewal of three deepwater leases, conducting seismic data acquisition on several deepwater blocks, expanding the prolific Agbami field project and launching a $1.4-billion infill drilling program from 2022-2026 in the shallow offshore and onshore Escravos area.

American multinational ConocoPhillips is another active player in Africa’s upstream sector, recently increasing production from the Al Waha oil field in Libya by 40,000 barrels per day (bpd), following infrastructure and operational upgrades. Last month, ConocoPhillips announced its acquisition of US independent Marathon Oil, which includes an integrated gas business in Equatorial Guinea, along with interests in the producing Alba Field and offshore Block D. Equatorial Guinea has long attracted a wide range of American explorers, including Kosmos Energy, which holds interests in the Ceiba Field and Okume Complex in Block G, where the company is currently drilling two infill wells to add 3,000 bpd by year-end.  

American companies are also leading Africa’s frontier oil and gas markets. ExxonMobil is spearheading the $2.3-billion Rovuma LNG project in Mozambique, expected to be one of the world’s largest LNG ventures with an annual capacity of 18 million tons. Meanwhile, Baker Hughes has deployed advanced maintenance solutions and innovative technologies to the Greater Tortue Ahmeyim (GTA) LNG project in Senegal-Mauritania, which foresees first gas production this year, as well as recently secured a contract for a gas-boosting project in Algeria’s Hassi R’Mel gas field. Kosmos Energy plays a key role in Senegal as a partner to the GTA LNG project, and is also developing an offshore LNG facility for the Yakaar-Teranga project focused on delivering cost-competitive gas.

“Heightened energy sector collaboration between the US and Africa represents a strategic opportunity to leverage the expertise of American operators, investors, technology, and service providers. These partnerships will not only stimulate drilling activities, yield new discoveries and strengthen production infrastructure, but also empower local economies, creating a domino effect of socioeconomic benefits across the continent,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

The US-Africa Partnerships Roundtable at AEW 2024 promises to be a pivotal event, marking expanding relations between the US and African nations in advancing mutual energy goals and sustainable development.

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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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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