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African Refiners and Distributors Association’s (ARDA’s) Roadmap for Africa’s Downstream Sector

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ARDA Executive Secretary Anibor Kragha delves into the Association’s efforts to harmonize fuel specifications across Africa and support oil and gas projects throughout the continent

DAKAR, Senegal, August 13, 2024/APO Group/ — 

In an exclusive interview with Energy Capital & Power (www.EnergyCapitalPower.com), Anibor Kragha, Executive Secretary of the African Refiners and Distributors Association (ARDA), discusses the Association’s efforts to harmonize fuel standards, implement a three-decade energy transition strategy and invest in infrastructure. Kragha will participate in this year’ edition of MSGBC Oil, Gas & Power – scheduled for December 3-4 in Dakar – where he will highlight the role downstream expansion plays in inclusive energy access for all.

What opportunities do you see in the MSGBC region for the energy sector and how can events like MSGBC Oil & Gas and Power 2024 help foster growth?

Africa’s energy demand is rising and MSGBC’s is growing alongside it. To meet this demand sustainably with minimal carbon footprint, we need a strategic approach. First, regulators in MSGBC must create favorable frameworks for investment. Second, projects need thorough preparation to ensure they are bankable, with clear scopes, costs and schedules. Third, projects must prioritize low carbon footprints and incorporate ESG considerations. Fourth, we need skilled professionals to execute these projects. With these foundations in place, financing becomes more accessible. The MSGBC platform can play a crucial role in establishing these pillars to attract investment and achieve a sustainable energy future for the region.

What are your views on developing refineries in the MSGBC region, specifically regarding Société africaine de raffinage (SAR) in Senegal and its role in the country’s first oil production?

We are working with the African Union and the African Petroleum Producers Organization to promote a robust intra-African oil and gas industry. Our goal is to balance energy security and the energy transition while maximizing oil production and value addition on the continent to reduce imports and enhance long-term energy security. In the MSGBC region, with a population of over 30 million, Senegal plays a key role with just over 18 million (people). The SAR refinery, recently upgraded from 27,000 to 30,000 barrels per day, plans further expansion, with SAR 2.0 to boost energy security and reduce reliance on imported crude. Mauritania, with its significant gas potential, adds another dimension to MSGBC’s downstream potential especially with regards to an integrated, value-added petrochemicals sector for the region.

How does ARDA plan to implement investment projects and promote best practices in the downstream sector, especially in the MSGBC region?

ARDA enhances Africa’s downstream sector through key initiatives such as ARDA Week and seven specialized workgroups, focusing on refining upgrades, associated storage & distribution (S&D) infrastructure development, ESG, adoption of LPG for Clean Cooking, effective regulatory frameworks, strategic human resource management and cost-effective sustainable project financing. ARDA collaborates with regulators to create supportive investment frameworks and host investment forums to connect African project developers with financiers. Our partnership with McKinsey & Company aims to create a register of bankable, sustainable African energy infrastructure projects. Our Association is focused on launching two funds: a $1 billion fund dedicated to investing in large-scale LPG projects and another for upgrading refineries to produce clear fuels via reduced carbon footprints and supporting petrochemical projects. Our goal is to match projects like SAR 2.0 with financiers to secure essential funding to deliver the project within the envisioned timeline.

How crucial are large projects like the Dangote Refinery in overcoming Africa’s resource curse?

The Dangote Refinery, with a 650,000-barrel-per-day capacity, is the world’s largest single-train refinery. Once operating at full capacity, it will produce AFRI 6 (10-ppm sulphur) fuels, significantly boosting Africa’s energy security. With energy demand in Africa projected to grow 45-55% by 2040, the refinery will be a game-changer, reducing the need for imported crude and enhancing energy independence. ARDA aims to support investments that refine more African crude locally, balancing energy security with a lower carbon footprint. ARDA is excited about the Dangote Refinery and other key projects, such as upgrades at SIR (Société ivoirienne de raffinage) in Ivory Coast and new refineries in Ghana and Uganda.

How is ARDA balancing the harmonization of cleaner fuels with the advancement of renewable energies?

ARDA’s “tale of three decades” strategy guides our Association’s plans to deliver a unique, sustanaible energy transition roadmap for the African Downstream sector. With Africa’s only contributing less than 3% of global cumulative carbon emissions to date, compared to 33% for the EU’s and 29% for North America, our continent needs a tailored approach that balances energy security and energy transition. Our strategy focuses on three pillars: cleaner transport and cooking fuels( including low-sulfur fuels and LPG) and  S&D infrastructure and petrochemical projects first; support for biofuels, Sustainable Aviation Fuel (SAF) and mature, cost-effective renewable energy solutions second; and finally cleaner primary energy sources for power e.g. replacing coal and oil with natural gas. ARDA’s vision of the “Tale of Three Decades is as follows: Decade One (no to 2030), focus should be on upgrading refineries to produce cleaner fuels and reduce carbon footprint, LPG for Clean Cooking and regional S&D infrastructure while adopting cost-effective renewables like solar technology. Decade Two (2030 to 2040) will integrate biofuels, wind and other emerging renewables technologies. Decade Three(2040 to 2050), will incorporate more advanced solutions like CCUS, hydrogen, etc, as they become more mature.

How is ARDA working to standardize fuel specifications in Africa?

ARDA has led efforts to harmonize fuel specifications across Africa, notably through supporting the 2020 ECOWAS (Economic Community of West African States) directive adopting AFRI-5 specs of 50 parts per million (ppm) sulfur for fuel. Africa currently has 11 diesel grades (10 to 10,000 ppm sulfur) and 12 gasoline grades (10 to 2,500 ppm). ARDA has partnered with UNEP (UN Environment Program) and participated in the 2022 UNEP Africa Meetings with energy ministers in Nairobi to promote cleaner fuel and vehicle emissions standards across the continent. ARDA has also collaborated with the African Union Commission to deliver reports highlighting the health and socio-economic benefits of adopting cleaner, low-sulphur fuels as well as the costs of upgrading African refineries to produce AFRI-6 (10-ppm sulphur) fuels. Finally, as part of the OPEC-Africa Energy Dialogue, ARDA continues to work with OPEC, the African Union Commission and the African Petroleum Producers Organization (APPO) on the development of a robust, intra-African oil and gas industry that is focused on eliminating energy poverty while balancing both energy security and energy transition.

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.msgbcoilgasandpower.com to secure your participation at the MSGBC Oil, Gas & Power conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

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

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

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Etu Energias

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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