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Africa’s Crude Export Landscape is Shifting – What It Means for the Continent and the Industry

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African Energy Chamber

As Africa evolves from a traditional crude exporter into a rising energy consumer and industrial powerhouse, the OPEC World Oil Outlook 2025 underscores a continent on the rise – setting the stage for high-level dialogue and investment at African Energy Week 2025

CAPE TOWN, South Africa, July 17, 2025/APO Group/ –Africa is repositioning itself in the global oil market – not merely as a supplier to international markets, but as a rising energy consumer and industrial growth hub. The newly released OPEC World Oil Outlook 2025 underscores a continent in transition, leveraging its natural resources to meet domestic demand, expand refining capacity and strengthen regional energy security. These shifts signal a maturing energy profile, one that will be at the forefront of discussions during African Energy Week 2025 (AEW): Invest in African Energies, where policymakers, investors and industry leaders will shape the future of African energy on African terms.

 

Crude Exports Plateau Before Gradual Decline

OPEC projects that Africa’s total crude and condensate exports will remain stable at around 5.2 million barrels per day (bpd) through 2035, thanks to modest increases in production. However, this steady supply will increasingly be used at home. By 2050, exports are expected to decline to 4.2 million bpd – not due to market loss, but as a result of rising domestic demand and strategic value addition on the continent.

One of the most significant insights from the report is the continent’s growing internal energy appetite. Domestic crude use is expected to rise from 1.8 million bpd in 2024 to 4.5 million bpd by 2050, nearly tripling over the outlook period. This growth is tied to Africa’s demographic boom, industrial expansion and a concerted push to enhance local refining and downstream infrastructure. As African governments invest in capacity to process more of their own crude and produce their own fuels, the continent is taking steps toward energy independence and job creation across the value chain.

AEW 2025 will be a critical moment to chart that course, ensuring that Africa’s oil and gas resources are harnessed not only for global supply but for African prosperity

Europe and Asia: Changing Trade Patterns

Meanwhile, global trade patterns are shifting in ways that present new opportunities for African producers. Exports to Europe are expected to increase to a peak of 3 million bpd in 2030, before gradually tapering to 2.3 million bpd by 2050, in line with Europe’s broader energy transition and shrinking reliance on imported oil. The Asia-Pacific region is emerging as a more prominent long-term partner, with African crude exports remaining stable at 1.9 million bpd through 2030, then rising modestly to 2.2 million bpd by 2040 before easing to 1.8 million bpd by 2050.

Trade with the U.S. and Canada, which stood at 400,000 bpd in 2024, is expected to fall to 100,000 bpd by 2045, as competition from Latin America intensifies. Yet rather than signaling decline, this trend underscores the importance of market diversification and deeper regional cooperation – a direction many African producers are already pursuing through integrated trade corridors, cross-border pipelines and African Continental Free Trade Area initiatives.

What This Means for Africa’s Energy Strategy — and AEW

These evolving dynamics will be a core focus at AEW 2025: Invest in African Energies, the continent’s premier platform for energy dialogue, investment and policy alignment. AEW will provide a stage for African countries to present their long-term energy strategies and forge partnerships aimed at building capacity, securing financing and scaling infrastructure. Rather than reacting to global shifts, Africa is asserting its own agenda centered on energy access, industrialization and sustainable growth.

A dedicated OPEC roundtable at AEW will also explore the implications of the World Oil Outlook 2025 in greater depth. This forum will offer African producers and OPEC member states a chance to align on market expectations, explore new trade frameworks and identify areas for collaboration across production, refining and investment.

“As demand at home accelerates and global market dynamics evolve, the continent is stepping into a more self-directed and strategic role in the energy world. AEW 2025 will be a critical moment to chart that course, ensuring that Africa’s oil and gas resources are harnessed not only for global supply but for African prosperity,” says NJ Ayuk, Executive Chairman, African Energy Week.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Société Nationale des Pétroles du Congo’s (SNPC) Maixent Raoul Ominga to Receive Lifetime Achievement Award at African Energy Week (AEW) 2026

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The award recognizes decades of leadership by the SNPC Director General in shaping the company’s growth and investment strategy, while strengthening the Republic of Congo’s position in Africa’s energy landscape

CAPE TOWN, South Africa, July 2, 2026/APO Group/ –Maixent Raoul Ominga, Director General of Société Nationale des Pétroles du Congo (SNPC), has been named the recipient of the Lifetime Achievement Award at African Energy Week (AEW) 2026. The honor recognizes more than two decades of service to Congo’s national oil company and a leadership career that has helped transform SNPC into a stronger, more diversified and increasingly influential energy company.

The Lifetime Achievement Award is the highest distinction presented during the African Energy Awards, held annually as part of AEW. The non-voting category recognizes individuals whose careers have left a lasting mark on Africa’s energy industry through sustained leadership, institutional development, investment promotion and contributions to regional cooperation.

Few leaders know SNPC as intimately as Ominga. Joining the company in 2001 in the finance and accounting department, he steadily rose through the ranks before being appointed Director General in 2018. Reappointed in 2022 and again in 2025 following the adoption of SNPC’s revised corporate statutes, his continued tenure reflects sustained confidence in a leadership style centered on long-term institutional growth, operational discipline and continuity.

Maixent Raoul Ominga represents the kind of steady, visionary leadership that has helped transform SNPC into a more resilient and forward-looking national oil company

Under Ominga’s leadership, SNPC has evolved from a traditional national oil company into a broader energy player with an expanding upstream portfolio and growing regional profile. The company continues to hold interests in many of the Republic of Congo’s largest producing assets while participating in new discoveries that have reinforced the country’s long-term exploration potential.

A defining feature of Ominga’s tenure has been a strategic shift toward long-term value creation through gas monetization. Under his direction, SNPC has played a central role in supporting the Congo LNG project, helping position the Republic of Congo among Africa’s emerging LNG exporters and accelerating the country’s transition toward large-scale gas development.

Institutional transformation has been equally central to his leadership. Ominga has overseen organizational restructuring, strengthened corporate governance and placed greater emphasis on operational performance, while steering SNPC toward increased use of domestic capital markets to reduce reliance on international lenders and strengthen local financial capacity. He has also prioritized workforce development, greater gender inclusion in leadership and the development of internal capabilities supporting gas and new energy initiatives.

His influence has extended well beyond SNPC. A longstanding advocate for stronger collaboration among Africa’s national oil companies, Ominga has consistently promoted regional partnerships, African financing solutions and energy sovereignty as essential to unlocking the continent’s long-term investment potential. This vision has helped elevate both SNPC’s regional profile and the Republic of Congo’s role in Africa’s evolving energy landscape.

Ominga’s leadership has also been recognized beyond the energy sector. In 2026, he was awarded the Gold Medal of the Ligue universelle du bien public, recognizing his leadership, commitment to the public good and contributions to economic and social development. The distinction reflects a leadership philosophy that extends beyond commercial performance, emphasizing institution-building, human capital development and the role of energy in supporting national progress.

“Maixent Raoul Ominga represents the kind of steady, visionary leadership that has helped transform SNPC into a more resilient and forward-looking national oil company,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “His commitment to building local capacity, strengthening governance and positioning Congo’s energy sector for the future makes him a deserving recipient of this year’s Lifetime Achievement Award. We congratulate him on this well-earned recognition.”

Distributed by APO Group on behalf of African Energy Chamber.

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Islamic Development Bank Institute (IsDBI) and Centre of Islamic Finance, Compliance and Advice (CIFCA) Forge Strategic Partnership to Advance Islamic Finance in Tanzania

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Tanzania

The collaboration aligns with the strategic priorities of both institutions to support the development of robust, ethical, and inclusive financial systems grounded in the principles and values of Islamic finance

BAKU, Azerbaijan, July 2, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) and the Tanzania-based Centre of Islamic Finance, Compliance and Advice (CIFCA) signed a Memorandum of Understanding (MoU) to strengthen cooperation in advancing Islamic finance, capacity development, professional certification, research, and knowledge dissemination.

The MoU was signed on the sidelines of the 2026 IsDB Group Annual Meetings, held from 16-19 June in Baku, Azerbaijan. The partnership seeks to leverage the complementary strengths of both organizations to promote excellence in Islamic finance education and professional development in Tanzania, while contributing to the broader objectives of sustainable and inclusive economic development beyond IsDB Member Countries.

 

As Tanzania is not an IsDB Member Country, the MoU allows the IsDBI and CIFCA to explore cooperation on a range of human capital programs that serve the Muslim community and contribute to the progress of the Tanzanian economy at large.

 

CIFCA plays an important role in accelerating financial inclusion and driving the development of Shariah-compliant financial systems across Tanzania. Endorsed by the Government of Tanzania as an Islamic finance advisory body, CIFCA collaborates with key entities like the Bank of Tanzania, and the Capital Markets and Securities Authority. It facilitated the launch of landmark projects, including checking and certifying major public Sukuk listings on the Dar es Salaam Stock Exchange. Furthermore, CIFCA also offers professional certifications and training programs to build local academic and professional capacity.

Human capital remains one of the most critical pillars for the sustainable growth of Islamic finance

 

Speaking on the occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDB Institute, emphasized the importance of investing in talent and knowledge as key enablers of a vibrant Islamic finance ecosystem. He said, “Human capital remains one of the most critical pillars for the sustainable growth of Islamic finance. Through this partnership, we look forward to working closely with CIFCA to promote knowledge, professional excellence, and innovation that can enhance the developmental impact of Islamic finance.”

 

Mr. Aref Mbarak Nahdi, Chairman of CIFCA highlighted the significance of the collaboration in fostering globally recognized professional standards and competencies within the industry. “This partnership reflects our shared commitment to nurturing future leaders and practitioners who can contribute meaningfully to the continued advancement of Islamic finance and its role in addressing contemporary economic and social challenges,” he noted.

 

The collaboration aligns with the strategic priorities of both institutions to support the development of robust, ethical, and inclusive financial systems grounded in the principles and values of Islamic finance.

 

As Islamic finance continues to expand across diverse markets, the partnership is expected to contribute to the development of skilled professionals, enhanced institutional capacity, and greater knowledge exchange that will ultimately strengthen the industry’s ability to serve society and promote sustainable prosperity.

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

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Africa Finance Corporation Returns to Global Capital Markets with US$500 Million Eurobond, Achieving Record-Tight Pricing and Central Bank Participation

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Africa Finance Corporation

The landmark outcome reflects AFC’s strong credit fundamentals, disciplined financial management, and growing recognition among global investors as a premier investment-grade issuer focused on Africa’s infrastructure and industrial development

LONDON, United Kingdom, July 2, 2026/APO Group/ –Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully raised US$500 million through a 5-year Reg S Only senior unsecured Eurobond, achieving the tightest pricing ever secured by the Corporation on a 5-year US dollar benchmark transaction. The issuance reached a new segment of institutional investors, with central banks, including an African one, participating in an AFC bond for the first time. This milestone speaks to AFC’s growing appeal among global reserve managers seeking high-quality investment-grade assets with strong developmental impact.

 

The notes were issued at a coupon of 5.375%, representing AFC’s narrowest spread over US Treasuries for a benchmark 5-year issuance and a significant improvement over the Corporation’s previous Eurobond transaction completed in 2024. The landmark outcome reflects AFC’s strong credit fundamentals, disciplined financial management, and growing recognition among global investors as a premier investment-grade issuer focused on Africa’s infrastructure and industrial development.

This transaction reflects the strong confidence global investors continue to place in AFC, our strategy, and our role in advancing Africa’s economic transformation

The issuance attracted strong demand from high-quality institutional investors across the United Kingdom, Europe, Asia, the United States and the Middle East. The order book closed approximately two times oversubscribed, underscoring sustained investor confidence in AFC’s investment-grade credit profile. The notes are rated A by S&P Global Ratings and A3 by Moody’s Ratings, in line with AFC’s long-term issuer ratings.

Samaila Zubairu, President & CEO of AFC said, “This transaction reflects the strong confidence global investors continue to place in AFC, our strategy, and our role in advancing Africa’s economic transformation. Achieving our tightest-ever pricing on a US dollar benchmark issuance demonstrates the strength of our credit profile, the consistency of our financial performance, and the trust we have built with investors over time. As we continue to scale our impact across the continent, access to efficient and diversified sources of capital remains critical to delivering the infrastructure and industrial assets that drive long-term growth and competitiveness.”

Banji Fehintola, Executive Board Member and Head of Financial Services at AFC, said, “The success of this transaction underscores AFC’s ability to consistently access international capital markets on increasingly competitive terms, even amid a dynamic global environment. The participation of an African central bank for the first time further diversifies our funding base and advances AFC’s strategy of mobilizing African institutional capital to finance the continent’s development. The exceptional quality and geographic diversity of investor participation, together with record-tight pricing, reflect strong market confidence in AFC’s disciplined funding strategy, prudent balance sheet management and proven track record of delivering transformative infrastructure across Africa.”

Issued under AFC’s US$5 billion Global Medium-Term Note Programme, the proceeds will support the Corporation’s general funding requirements and continue to strengthen its capacity to finance critical infrastructure and industrial projects across Africa. The transaction was led by Abu Dhabi Commercial Bank PJSC, First Abu Dhabi Bank PJSC, Goldman Sachs International, J.P. Morgan Securities plc, Mizuho International plc, MUFG Securities EMEA plc, Standard Chartered Bank and The Standard Bank of South Africa Limited as Joint Lead Managers.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

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