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Africa’s Greenfield Exploration Surges to Meet Global Mineral Demand

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Energy Capital

Record exploration activity in South Africa, Ghana and Namibia is propelling African nations to the forefront of the global mining supply chain, as African Mining Week 2026 prepares to showcase the continent’s latest projects and investment opportunities

CAPE TOWN, South Africa, March 16, 2026/APO Group/ –African mining markets are witnessing an unprecedented surge in greenfield exploration, with governments and investors racing to secure new mineral reserves and expand production pipelines. Last year, South Africa awarded 358 new exploration licenses, Ghana is advancing more than 90 projects and Namibia has received over 800 new applications – all signaling Africa’s intent to strengthen its role in supplying minerals vital to the global economy. The move comes as demand for critical minerals is projected to quadruple by 2040, while gold and other traditional commodities reach record prices, making exploration a strategic priority for industrial growth, job creation and downstream economic diversification.

 

South Africa: Securing Global PGMs Leadership

South Africa is boosting its exploration pipeline to sustain global leadership in platinum group metals, chrome and manganese while revitalizing gold and iron ore sectors. In 2025, the country awarded 358 new prospecting rights and 32 mining rights, signaling a significant step toward unlocking mineral resources and supporting long-term production growth.

To further stimulate exploration, the government allocated R2 billion to support junior mining companies and expand activity. These efforts are part of a broader plan to mobilize R2 trillion in investment for the critical minerals sector and unlock an estimated R40 trillion in untapped iron ore resources.

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Ghana: Gold Sector Growth and Industry Diversification

We are looking forward to further discoveries of critical minerals that will support the global energy transition

Ghana hosts over 90 active exploration projects, reinforcing its status as Africa’s leading gold producer while expanding into critical minerals. The country has attracted more than $20 billion in mining and exploration investment over the past two years, reflecting strong investor confidence.

Speaking in Cape Town in February, Emmanuel Armah-Kofi Buah, Minister for Lands and Natural Resources, emphasized Ghana’s diverse resource base, which includes significant deposits of bauxite, manganese, iron ore, cobalt and nickel. “We are looking forward to further discoveries of critical minerals that will support the global energy transition,” he said.

Namibia: Accelerating Licensing to Unlock Critical Minerals

Namibia is reforming exploration licensing to expand its mining sector and strengthen its position as a leading uranium and diamond producer. The country currently holds 588 Exclusive Prospecting Licenses alongside a growing pipeline of new applications.

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Mining Commissioner Isabella Chirchir confirmed in Cape Town that Namibia is deploying digital licensing platforms to accelerate processing, reduce backlogs and improve regulatory efficiency. With over 800 new exploration license applications and more than 600 pending environmental approvals, the country is positioning itself to attract increased exploration investment and unlock new mineral discoveries.

Continental Outlook: Strategic Exploration Across Africa

Other African markets are also intensifying exploration to advance national mining strategies: Zambia is expanding copper exploration to reach 3 million tons annually by 2031. Guinea is progressing exploration around the $20 billion Simandou iron ore project, the world’s largest untapped iron ore deposit, supporting global steel supply chains and the Simandou 2040 economic diversification plan.

Against this backdrop, African Mining Week, scheduled for October 14–16, 2026 in Cape Town, will highlight exploration opportunities across the continent. The event will feature panel discussions, country spotlights and project showcases focused on greenfield exploration, investment opportunities and strategies to unlock Africa’s untapped mineral wealth.

African Mining Week serves as the premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2026 conference from October 12-16 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

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

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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