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Alpha GRIP Management Company attracts multi billion dollar investment/finance for the $20 Billion USD Ogidigben Gas Revolution Industrial Park Project

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Alpha GRIP

The $20bn Ogidigben Gas project will host power plants, fertilizer, petrochemical, aluminum smelters, LNG, and methanol plants amongst others

BEIJING, China, January 17, 2025/APO Group/ — 

On January 15, Li Zhenyu, President of China National Chemical Engineering International Corporation Ltd., warmly welcomed at CNCEC headquarters Hon. Joseph Tegbe, the Director General of the Nigeria-China Strategic Partnership and Mr. Sheikh Mohamed Bayorh, President, Alpha Grip Management Company (AGMC) (www.AlphaGroupUAE.com), a subsidiary of Alpha Group UAE along with their respective delegations for the formal partnership signing ceremony for the development, finance and construction of the Ogidigben Gas Revolution Industrial Park (GRIP) Project in Delta State, Nigeria between AGMC and CNCEC. The Director General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe who is currently visiting China to bolster the Nigeria – China relations in line with the policies of President Bola Ahmed Tinubu’s led administration, witnessed the signing ceremony. The two sides engaged in in-depth discussions on further strengthening efficient and pragmatic cooperation, as well as implementation of the next project development steps in ensuring the project’s actualization and completion.

President Li Zhenyu of CNCEC provided a detailed introduction to the development of CNCEC’s overseas business and its operations in Nigeria, which recently included the construction of the Dangote Petrochemical Refinery Complex. He emphasized that CNCEC, as a globally competitive contractor in the oil and gas industry engineering services sector, with expertise in R&D, investment, construction, and operations, has always regarded Nigeria as a strategic priority for its overseas expansion. He further expressed CNCEC’s commitment to actively implement the consensus reached by the heads of state during the China-Africa Cooperation Forum Summit, to deepen multi-field cooperation, and making greater contributions to Nigeria’s economic growth through construction and industrialization. He highlighted CNCEC’s strong desire to develop the $20b Ogidigben Gas Project to completion in partnership with the licensed developer AGMC, FGN of Nigeria, Delta State Government, NNPCL and other stakeholders.

Director General Joseph Tegbe, conveyed the good wishes of Mr. President Bola Ahmed Tinubu in regards to the Nigeria-China strategic partnership to deepen the  bilateral ties between the two nations, and emphasized that his visit was to follow up on Mr. President Bola Ahmed Tinubu’s official visit to China on the 2024 Forum on China- Africa Cooperation (FOCAC). The Director General, NCSP highly recognized CNCEC’s technical capabilities in oil and gas, refining, petrochemical complexes, and integrated natural gas utilization. He also praised CNCEC’s achievements in Nigeria and their involvement in the Ogidigben Gas Revolution Industrial Park project, which he stated is a national priority project with the full support of the His Excellency, President Bola Ahmed Tinubu. He further stated that Nigeria has abundant oil and gas resources and a strong willingness for industrial development. The Nigerian government places great importance on mutually beneficial cooperation with Chinese enterprises. He expressed confidence that CNCEC could fully leverage its professional capabilities and technological advantages to participate in relevant construction projects, jointly promote trade and economic exchanges, and contribute to high-quality economic development.

Mr. Sheikh Mohamed Bayorh, Chairman of Alpha Group UAE/ President of AGMC, thanked the CNEC leadership for its warm reception and formally concluding the partnership agreements for the Ogidigben Gas Revolution Industrial Park project. He further thanked H.E. President Bola Ahmed Tinubu for his visionary leadership in promoting policies and reforms that has created an enabling environment to attract international investors, which has significantly enhanced investor’s confidence particularly in the Nigerian oil and gas industry and expressed deep gratitude to the Hon. Minister of State, Petroleum Resources (Gas), Rt. Hon Ekperikpe Ekpo for taking strategic leadership in driving gas infrastructure and industrialisation in the Gas Sector along with the leadership of the Nigeria National Petroleum Company Limited (NNPCL) GCEO, Mallam Mele Kolo Kyari and the Executive Vice President of Gas, Power, and New Energy Mr. Olalekan Ogunleye for the continued support of the Ogidigben GRIP Project. He further expressed many thanks and appreciation to the Director General, Hon. Joseph Tegbe and his delegation for witnessing the formal signing ceremony between the CNCEC and AGMC on the investment and financing of the Ogidigben Gas Revolution Industrial Park project which underscores the significance of the Nigeria- China strategic bilateral partnership.

The President of AGMC strongly emphasized on CNCEC’s technological competence and comprehensive strength in the oil, gas, and chemical industries and that this partnership will undoubtedly fast track the integrated development of the project poised to be Africa’s largest Gas City as originally conceptualized by the NNPCL. The $20bn Ogidigben Gas project will host power plants, fertilizer, petrochemical, aluminum smelters, LNG, and methanol plants amongst others, as well as many secondary industries that will generate thousands of employment both during construction activities and operations. The AGMC developer consortium consists of a UAE based capital investment firm and several global players including Power China and now CNCEC, with a total asset value exceeding over $100bn.

This partnership between AGMC and CNCEC will undoubtedly complement each other’s strengths by joining forces in making significant contributions to accelerating Nigeria’s industrialization progress in the gas sector, with the successful take-off and completion of the Ogidigben GRIP project.

Distributed by APO Group on behalf of Alpha GRIP Management Company.

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MSGBC Gas Boom Puts Regional Infrastructure and Investment in Focus at African Energy Week (AEW) 2026

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African Energy Chamber

Sponsored by Technip Energies, the “Invest in the MSGBC Basin” session will examine how the region can translate its major gas resources into reliable domestic power, industrial development and integrated energy infrastructure

CAPE TOWN, South Africa, September 3, 2026/APO Group/ –The MSGBC Basin is moving from a story of world-class discoveries to one of project execution, with Senegal and Mauritania increasingly emerging as gas and LNG hubs for West Africa. At African Energy Week (AEW) 2026, taking place October 12–16 in Cape Town, the session Invest in the MSGBC Basin: Scaling Gas, LNG and Regional Infrastructure Across West Africa, sponsored by Technip Energies, will bring investors, governments and industry leaders together to examine what is needed to turn this resource base into a broader regional energy and industrial opportunity.

 
 




 

The region has already crossed a major threshold. The Greater Tortue Ahmeyim (GTA) project, spanning the maritime border between Mauritania and Senegal, achieved first gas in December 2024 and first LNG in February 2025, with its first LNG cargo exported in April 2025. The project is now providing a foundation for the two countries to develop both export revenues and domestic gas markets.

The MSGBC Basin has moved beyond the discovery phase; the priority now is execution

In Senegal, the Yakaar-Teranga gas project is advancing as a major domestic gas opportunity, with development costs estimated at around $7.5 billion. The project is expected to play a central role in reducing reliance on imported fuels and supporting power generation and industrial consumers. Mauritania, meanwhile, is advancing plans for the BirAllah gas development, adding another potentially significant source of gas supply to the basin’s growing project pipeline.

The infrastructure required to monetize these resources is becoming equally important. Senegal is prioritizing public-private partnerships to accelerate development of a planned 400-km domestic gas pipeline network connecting offshore resources with power plants and industrial users. The infrastructure is intended to help translate offshore gas production into more reliable domestic energy supply and wider economic activity.

The session comes as broader investment interest in African gas continues to grow. Africa is projected to attract substantial midstream gas investment over the coming decade, while LNG developments are increasingly being linked to domestic market obligations and gas-to-power strategies. In the MSGBC region, that dual-track model could allow gas exports to generate revenues while supporting affordable electricity and industrialization at home.

“The MSGBC Basin has moved beyond the discovery phase; the priority now is execution,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The region has the resources to become a major gas and LNG hub, but that opportunity will only translate into lasting economic value if investment keeps pace with the infrastructure needed to deliver gas to markets, power industry and support regional integration.”

With major projects advancing across Senegal and Mauritania and exploration continuing elsewhere in the basin, the AEW 2026 session will provide a platform to examine the commercial, infrastructure and policy frameworks needed to unlock the next stage of MSGBC growth. For investors and technology providers, the discussion comes at a pivotal moment as the region moves from resource potential toward large-scale gas monetization and infrastructure development.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Asia’s premier flower hub sets new benchmarks in trading scale and logistics efficiency

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Dounan Flower Market

YUNNAN, CHINA – Media OutReach Newswire – 3 September 2026 – The Dounan Flower Market in Kunming, southwest China’s Yunnan Province, is strengthening its position as a leading flower trading hub in Asia, with record annual trading volumes, high-speed auction operations and increasingly efficient international logistics.

The Kunming International Flora Auction Trading Center, a key trading platform within Dounan, begins daily trading at 1:00 p.m. Buyers can complete bids within as little as 0.6 seconds as prices decrease on electronic auction screens, enabling large volumes of fresh-cut flowers to be traded rapidly.

The market experienced a significant increase in trading activity ahead of the Qixi Festival, widely regarded as China’s Valentine’s Day. Tens of millions of flower stems were sold to domestic and international markets during the peak trading period.
 




 

According to the Kunming International Flora Auction Trading Center, the average price of major fresh-cut flower categories reached 1.1 to 1.3 yuan per stem during the pre-festival period, approximately 15 percent higher than pre-festival levels. Premium flowers recorded substantially higher prices, with high-quality roses reaching nearly 15 yuan ($2.23) per stem.

In 2025, Dounan recorded a trading volume of 15.476 billion fresh-cut flowers, with total transaction value reaching 13.484 billion yuan (approximately $2 billion).

The market currently hosts 3,300 enterprises and more than 15,000 business entities and individual proprietors. Of Dounan’s approximately 70,000 permanent residents, 46,500 are employed in the flower industry.

Approximately seven out of every 10 fresh-cut flowers sold in China originate from Dounan. Its distribution network now reaches markets across China as well as more than 50 countries and regions worldwide.

High-Speed Auction System

Dounan’s auction system is designed to accommodate the highly time-sensitive nature of fresh-cut flowers.

“Field-grown ‘Purple Glow’ (75 percent maturity), 140 stems; field-grown ‘Beloved’ (80 percent maturity), 120 stems; ‘Beloved’ (75 percent maturity), 120 stems…” said Li Qian, a flower auctioneer at the Kunming International Flora Auction Trading Center.

The trading center uses a descending-price auction model, with prices continuously decreasing on electronic screens. Buyers must respond within approximately 0.6 seconds, allowing transactions to be completed rapidly and supporting the high turnover required by the fresh-cut flower industry.

“Since fresh flowers are perishable goods, we use a descending-price auction format. This helps facilitate rapid circulation,” Li said.

The auction process is integrated with sorting, packaging and transportation operations, reducing the time between trading and shipment.

Logistics Network Expands International Reach

Fresh-cut flowers require particularly efficient logistics because their quality is highly sensitive to transportation and storage time.

Tang Minghong, a client manager with the flower logistics division of SF Express Yunnan, said fresh flowers have among the most demanding logistics requirements in the fresh produce sector.

Trading begins in the afternoon, while pickup, packaging and dispatch can be completed as early as 3:00 a.m., allowing flowers to move quickly from auction facilities into domestic distribution networks.

For international shipments, Dounan has established logistics routes to destinations including Singapore, South Korea and Malaysia. Customers in these markets can receive shipments within two days, according to logistics operators.

Strengthening Yunnan’s Global Flower Trade

The combination of large-scale flower production, centralized trading, high-speed auctions and integrated logistics has enabled Dounan to develop a comprehensive supply and distribution network.

The market connects flower growers in Yunnan with buyers and consumers throughout China and overseas, while supporting the expansion of the province’s fresh-cut flower industry into international markets.

With billions of stems traded annually and distribution covering more than 50 countries and regions, Dounan is emerging as an important regional hub for fresh-cut flower trading and distribution, contributing to the international growth of China’s flower industry.
 




 

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Unstoppable Africa 2026 to bring African and global Chief Executive Officers (CEOs) and leaders to New York to drive investment, ownership and growth across the continent

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The program will focus on how Africa can capture more value from its critical minerals, strengthen infrastructure and trade, mobilise capital at scale and build more integrated and competitive markets

NEW YORK, United States of America, September 2, 2026/APO Group/ –More than 2,000 African and global business leaders plus heads of state will gather in New York on September 20–21 for Unstoppable Africa, flagship event of the Global Africa Business Initiative (GABI) (https://www.GABI.biz/).
 




 

Convened by UN Secretary-General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission, and organized and coordinated by the UN Global Compact, the fifth edition of Unstoppable Africa will convene under the theme “Powering Business, Scaling Economies, Shaping the Future”.

Held on the sidelines of the opening of the 81st session of the United Nations General Assembly, Unstoppable Africa will feature leading  investors, policymakers, creatives, sports executives and decision-makers working to accelerate Africa’s business, trade and investment and amplify its role in shaping global markets.

Sanda Ojiambo, Assistant Secretary-General and CEO of the United Nations Global Compact, said: “This year, we are sharpening the focus on mobilising capital, forging partnerships, building businesses and turning Africa’s assets and opportunities into investable, scalable outcomes. The ambition is not simply to shape how the world sees Africa, but to shape where global capital flows, where value is created and how Africa can capture it.”

The ambition is not simply to shape how the world sees Africa, but to shape where global capital flows, where value is created and how Africa can capture it

The high-level convening comes at a time of global supply chains being redrawn by geopolitical tension, energy insecurity and shifting trade rules. For the African continent, these pressures  create an opportunity to leverage its critical minerals, renewable energy potential, expanding consumer markets and young workforce to attract long-term capital and capture more value from global shifts.

Unstoppable Africa 2026 will look at how the continent can turn these shifts into lasting economic opportunity.  The program will focus on how Africa can capture more value from its critical minerals, strengthen infrastructure and trade, mobilise capital at scale and build more integrated and competitive markets. Discussions will also explore Africa’s energy transition, the development and ownership of AI and digital infrastructure, the financing and global distribution of African creative industries, and how sport can become a stronger engine for investment, talent development and economic growth.

Other confirmed speakers include:

  • H.E. Julius Maada Bio, President, Republic of Sierra Leone
  • H.E. Duma Gideon Boko, President, Republic of Botswana
  • H.E. Paula Ingabire, Minister of ICT and Innovation, Rwanda
  • Samaila Zubairu, President and CEO, African Finance Corporation
  • Nolitha Fakude, Chairperson, Anglo American South Africa
  • Tidjane Thiam, General Partner, Allied Critical Minerals Fund
  • Phuthi Mahanyele-Dabengwa, CEO and Executive Director, Naspers
  • Olugbenga Agboola, CEO, Flutterwave
  • Cameron Bailey, CEO, Toronto International Film Festival
  • Wanuri Kahiu, filmmaker
  • Akunna Cook, Founder and CEO, Next Narrative Africa Fund
  • Luol Deng, former NBA All-Star and President, South Sudan Basketball Federation
  • Clare Akamanzi, CEO, NBA Africa
  • Amina J. Mohammed, Deputy Secretary-General, United Nations
  • Massad Boulos, Senior Advisor to the President of the United States on Arab and African Affairs
  • Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All

The five themes of GABI and Unstoppable Africa, namely Energy, Digital Transformation, Trade, Creative Industries, and Sport, will be supported by high-level plenaries, CEO and investor roundtables, ministerial dialogues, startup showcases, and GABI Solutions Labs. The 2026 edition will create opportunities to spark transactions, develop investment vehicles, and form cross-border alliances and partnerships. Full implementation of the African Continental Free Trade Area could create a $3.4 trillion market, according to UNCTAD’s 2024 Economic Development in Africa Report, highlighting the scale of the opportunity as regional integration deepens.

Once again, the event will be hosted by Folly Bah Thibault, Senior News Anchor at Al Jazeera Media Network, and Larry Madowo, International Correspondent at CNN, and will spotlight more than 500 nominees in the Unstoppable Africans campaign.

Media partners to date include African Business/New African; African Renewal; Afrique Media; AllAfrica; Arise News; Business Digest Magazine; Citizen TV; EIB Network; Envoy Magazine; The Kenyan Wall Street; News Central TV; SDG News; The Africa Report; The Nation Media Group; TIME Africa.

Unstoppable Africa 2026 will take place at the New York Marriott Marquis, Times Square, 1535 Broadway, New York City. Accredited media and other eligible communication professionals can register at https://apo-opa.co/4xvM3xh.

Distributed by APO Group on behalf of Global Africa Business Initiative.

 

 




 

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