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African Energy Week (AEW) 2025, Spanish Chamber of Commerce in South Africa Join Forces to Foster Energy Partnerships

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African Energy Week

The partnership reflects mutual goals of strengthening investment and development in the field of energy

CAPE TOWN, South Africa, May 9, 2025/APO Group/ –The Spanish Chamber of Commerce in South Africa has partnered with the African Energy Week (AEW): Invest in African Energies conference to foster collaboration between Spanish and South African energy companies. The partnership builds on dual goals of driving investment and development in South Africa and will support greater participation by Spanish firms at this year’s edition of the conference – scheduled for September 29 to October 3.

As a non-profit entity whose main objective is the promotion of commercial, economic and industrial relations between Spain and South Africa, the Chamber of Commerce seeks to strengthen business prosperity and trade between the two nations. At the heart of this strategy is the energy industry, with the Chamber committing to exposing its members to emerging opportunities in both Spain and South Africa. At AEW: Invest in African Energies, the Chamber will play an instrumental part in strengthening energy relations and trade, supporting market entry by Spanish firms into South Africa.

Global partnerships are fundamental for countries seeking to rapidly grow their oil, gas and renewable energy industries

AEW: Invest in African Energies 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.

The opportunities for heightened collaboration between Spain and South Africa are extensive. While Spain is a net-importer of oil and gas, Spanish oil and gas firms have seen great success abroad, highlighting the level of expertise the country has to offer. Spanish companies such as multinational energy and petrochemical firm Repsol already have a strong presence in Africa, offering significant expertise that could help unlock South Africa’s energy industry. The company has been active in Algeria since 1973, recently receiving approval to invest up to €731 million in oil and gas blocks in the country. The Chamber has also been active in Libya since the 1970s and is implementing an ambitious exploration agenda in the country. It plans to drill nine wells consecutively via two drilling rigs by November 2025, and aims to increase production to 350,000 barrels per day (bpd) in the country. As of December 2024, production stood at 300,000 bpd.

Meanwhile, for South Africa, which is only just starting to realize the full potential of its oil and gas market, Spanish partnerships could propel a hydrocarbon evolution. Despite being a frontier market, South Africa has proven oil and gas discoveries and significant upside potential. The Luiperd and Brulpadda discoveries, for example, are the largest discoveries of natural gas resources in South Africa to date. Situated in the Outeniqua Basin, operator Africa Oil Corp plans to conduct surveys within the Block 11B/12B area to determine a development plan. Additionally, South Africa’s Orange Basin – shared with Namibia where several high-impact finds have been made – offers strategic opportunities for billion-barrel finds. International companies have recently expanded their footprint in the basin, led by firms such as Eco Atlantic, TotalEnergies and QatarEnergy.

In the green energy sector, Spain is spearheading Europe’s energy transition through rapid developments in green hydrogen. According to the World Economic Forum, the country already accounts for 20% of green hydrogen projects announced in the European Union, with plans to create industrial clusters expected to bolster the bloc’s clean energy adoption. South Africa is also targeting ambitious green hydrogen projects. The government introduced a R300 billion investment pipeline in 2023, targeting between 6 and 13 million tons of green hydrogen and derivatives production per annum by 2050. Up to 19 projects were identified for accelerated development and global support will be key to bring these projects into fruition. In 2023, Spain committed $2.3 billion to help fund South Africa’s energy transition, but further support could unlock greater value from the country’s renewable energy industry.

“Global partnerships are fundamental for countries seeking to rapidly grow their oil, gas and renewable energy industries. Spain and South Africa have significant potential to expand their trade, energy and business ties, and the Spanish Chamber of Commerce in South Africa works hard to achieve mutual development goals,” states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.

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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