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Algerian President to Speak at African Energy Week (AEW) 2025 Amid $50B Hydrocarbon Drive

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Algeria

On the back of its latest licensing round, Algeria is witnessing a surge in exploration and production projects

CAPE TOWN, South Africa, June 18, 2025/APO Group/ –Abdelmadjid Tebboune, President of the Republic of Algeria, will speak at this year’s African Energy Week (AEW): Invest in African Energies conference. President Tebboune’s participation comes as the country paves the way for a $50 billion investment drive over the next four years and underscores Algeria’s commitment to working with international partners to bolster exploration and production.

Under President Tebboune’s leadership, Algeria has implemented bold development plans for the oil and gas industry, striving to consolidate its position as an international export hub. The country has undertaken an ambitious investment drive and continues to attract foreign capital to the market through strengthened partnerships and improved business terms. With a focus on promoting frontier acreage, increasing gas production and creating investment opportunities in green hydrogen and regional infrastructure projects, President Tebboune is laying the foundation for long-term, sustainable economic growth in Algeria. At AEW: Invest in African Energies 2025, President Tebboune is expected to share insights into this strategy, highlighting upcoming investment opportunities and regulatory reform.

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.

Algeria’s diversified energy strategy should serve as a strong example for other resource-rich nations in Africa

As one of Africa’s biggest oil and gas producers, Algeria is leveraging policy reform to attract new investment in exploration projects. A cornerstone of this strategy is the country’s ongoing licensing round, which offers six onshore blocks to international and domestic companies. Launched in November 2024, the bid round will host a bid opening ceremony in June 2025, with the National Agency for the Valorization of Hydrocarbon Resources in Algeria expected to award at least five of the six blocks. This latest licensing round falls part of a five-year plan which features multiple bid rounds, aimed at offering acreage in high-potential geological zones and combining a mix of greenfield and brownfield assets. This multi-year strategy showcases the commitment of the government to increasing the competitiveness of investing in Algeria.

Beyond the licensing rounds, President Tebboune has enacted a series of policy reforms aimed at improving the business environment for foreign operators. These include the introduction of a Hydrocarbon Law in 2019, offering improved fiscal terms to those of 2013 legislation. Since the enactment of this law, production has rebounded significantly in Algeria, with gas sales alone projected to remain at 10 billion cubic feet per day until the end of the decade. Targeting 200 billion cubic meters in gas production over the five years, the Hydrocarbon Law of 2019 will continue playing an instrumental part in attracting investment to the market.

On the back of this law, a number of international oil companies have expanded their investments in Algeria. ExxonMobil and Chevron are exploring for hydrocarbon resources in the Ahnet, Gourara and Berkine basins; Eni and Equinor are revitalizing the In Salah and In Amenas fields; while TotalEnergies is leading gas appraisal and development in Timimoun. In tandem, Algeria’s national oil company Sonatrach is rapidly expanding its portfolio, with strategic investments in the Zarzaitine oilfield and revived operations at the Alrar gas complex. In 2024, Sonatrach made eight new hydrocarbon discoveries and in 2025, seeks to achieve 1.2 million barrels in daily production.

Beyond oil and gas, President Tebboune has set green hydrogen development as a priority for the country, underscoring the role the resource will play in facilitating a just energy transition in Algeria. The country is emerging as a green hydrogen leader in Africa, with projects such as the SoutH2 Corridor project – a 3,300 km pipeline network developed in partnership with European stakeholders – transforming the market. The project repurposes natural gas pipelines to transport green hydrogen, leveraging the continent’s strategic resources and growing European demand to bolster exports. Operations are planned for 2030, with the project set to transport up to four million tons of hydrogen per year. Looking ahead, investments in green hydrogen are expected to diversify the market while creating new business opportunities for regional firms.

“Algeria’s diversified energy strategy should serve as a strong example for other resource-rich nations in Africa. By prioritizing oil and gas exploration, reforming policies to attract spending and working closely with international partners to establish sustainable export networks, Algeria is establishing itself as an international energy hub. President Tebboune has played an instrumental role in making the country what it is today: an attractive, growth-oriented market,” states NJ Ayuk, Executive Chairman of the 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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