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African National Oil Companies (NOCs) Boost Project Development with Innovative Financing Strategies

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Through privatization, joint ventures and development finance, Africa’s national oil companies are advancing oil and gas projects

CAPE TOWN, South Africa, March 26, 2025/APO Group/ –African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets. Through various innovative strategies such as privatization and divestment, bond issuances, development finance and resource-backed loans, NOCs are not only strengthening their financial capacity but positioning themselves at the forefront of African oil and gas development.

The African Energy Week: Invest in African Energies 2025 conference – taking place September 29 to October 3 in Cape Town – will explore the impact these strategies will have on the continent’s hydrocarbon landscape. Uniting global financiers, development institutions, foreign operators and NOCs, the event will unlock a new wave of finance in African energy.

Privatization and Divestment

Privatization and asset divestment have become crucial tools for African NOCs to streamline their operations and attract private capital. By selling stakes in non-core assets and partially-privatizing, NOCs are raising the much-needed capital to support oil and gas projects. Angola’s Sonangol, for example, has reaffirmed its plan to launch an Initial Public Offering (IPO), with 30% of the company’s shares expected to become available. The IPO falls under the broader Propiv initiative by the government – aimed at reforming the economy toward a free market. The initiative will make 11 of Sonangol’s processes public through public tenders, limited tenders and IPOs.

Bond Issuances and Capital Market Financing

African NOCs are deploying a diverse range of financing strategies to ensure continued investment in oil and gas projects

With the need for long-term project financing, governments and NOCs have turned to international capital markets, issuing bonds to raise funds for large-scale projects. Bond issues originating from Africa exceeded $14.8 billion in Q1, 2024, as African business and governments tap into the international bond market. The Africa Finance Corporation acted as Global Coordinator for the issuance of a domestic dollar bond from the Nigerian government in 2024, raising $900 million. The first-of-a-kind issuance closed with 180% oversubscription, highlighting strong domestic investor confidence. Nigeria also issued a $1.7 billion Eurobond in December 2024, which was oversubscribed five-fold.

Joint Ventures

Joint ventures (JV) have proven effective strategies for NOCs to raise capital, leverage foreign technical expertise while sharing financial risk across oil and gas projects. The Ghana National Petroleum Corporation (GNPC) has committed to pursuing innovative JVs with Eni in 2025 and beyond to fast-track oil and gas projects. The country’s biggest oilfields – Jubilee and TEN – were developed through a JV between GNPC, Kosmos Energy, Petro SA and Jubilee Oil Holdings. JVs have served as a vehicle for Libyan oil and gas development. Mellitah Oil & Gas – a JV between the NOC and Eni – produced 403,000 barrels per day (bpd) in 2024 while Akakus Oil Operations – a JV between the NOC and Repsol – achieved record production in 2025 with 306,000 bpd.

Development Finance and Resource-Backed Loans

Development finance and resource-backed loans have become vital financing mechanisms for NOCs, particularly as access to private capital for oil and gas projects becomes increasingly challenging. The Nigerian National Petroleum Corporation has leveraged oil-backed loans to increase its balance sheet over the years and is currently seeking a new $2-billion structure to support production growth. The first $1 billion tranche has already been concluded with a second tranche in the works. Mozambique’s ENH leveraged development finance to fund its gas projects. Notably, the $20 billion Mozambique LNG project is expecting a $4.7 billion loan from the U.S.-Export-Import Bank to be re-approved. The project has already secured $3 billion in financing from the Japan Bank for International Cooperation. Meanwhile, Uganda and Tanzania’s NOCs are seeking an additional $3 billion in debt financing from Chinese lenders, specifically the Export-Import Bank of China and China Export & Credit Insurance Corporation, to fund the East African Crude Oil Pipeline.

“African NOCs are deploying a diverse range of financing strategies to ensure continued investment in oil and gas projects. From privatization and asset sales to bond issuances, joint ventures and development finance, NOCs are adapting to evolving market conditions while securing the necessary capital to sustain exploration and production,” states Ore Onagbesan, Programming Director, African Energy Chamber.

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 http://www.AECWeek.com for more information about this exciting event.

Distributed by APO Group on behalf of African Energy Chamber.

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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