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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.

Business

Afreximbank Backs DOTT Services Limited, Uganda with a US$28 Million Facility for Regional Engineering, Procurement and Construction (EPC) Projects

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The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains

CAIRO, Egypt, November 4, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has activated and approved a US$28 million dual-tranche facility for DOTT Services Limited, the leading Uganda-based engineering, procurement and construction (EPC) contractor, and has begun disbursing funds to support the execution of its EPC projects pipeline, valued at more than US$550 million.

 




 
 

Provided under Afreximbank’s EPC Contract Promotion Initiative, the facility is designed to strengthen the capacity of African EPC champions to secure and execute large-scale infrastructure projects across the continent. Specifically, the financing will support DOTT Services Limited in executing contracts and pursuing near-term opportunities valued at approximately US$550 million across Uganda, Tanzania, Kenya and the Democratic Republic of Congo.

Commenting on the transaction, Mr. Humphrey Nwugo, Director of Regional Operations at Afreximbank’s Eastern Africa office, said:

Through the initiative, the Bank provides support, including financing, twinning and matchmaking

“This facility reflects Afreximbank’s commitment to building strong African EPC champions capable of delivering the infrastructure that underpins Africa’s industrialisation, trade and economic integration. By supporting DOTT Services Ltd, a well-established regional contractor with operations across five African countries, we are addressing a critical financing gap that has historically constrained the ability of African firms to participate meaningfully in large-scale, cross-border infrastructure projects.

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains. It also advances Afreximbank’s EPC Contract Promotion Initiative, which seeks to increase African participation in the development and delivery of Africa’s infrastructure.

Through partnerships such as this, we are ensuring that greater value, expertise, employment opportunities and economic benefits are retained within Africa while fostering the emergence of globally competitive African contractors.”

Mr. Nwugo further noted that most local commercial banks lacked the capacity to support intra-African and regional projects because they were poorly placed to absorb the associated cross-border risks, while international banks tended to prioritise non-African contractors. As a result, African entities were often left without adequate financial support.

He said: “Afreximbank’s EPC Initiative was therefore designed to address this challenge by supporting African EPC contractors in securing and executing a greater share of infrastructure contracts across the continent. Through the initiative, the Bank provides support, including financing, twinning and matchmaking, as well as issuing letters of support, among others”, he explained.

DOTT Services Limited presence in Africa spans 28-years, with operations in Uganda, Tanzania, South Sudan, Zambia, and the Democratic Republic of Congo (DR Congo). It also has European offices in Italy and the UK, and a workforce of over 6,000 people. The company procures from, and distributes to, African countries goods such as bitumen, asphalt, steel and spare parts, as well as yellow goods equipment and services, making it a significant player in intra-African trade. Its track record of promoting trade-supporting infrastructure across the continent makes it a natural partner for Afreximbank’s EPC Contract Promotion Initiative, which seeks to build African EPC champions capable of delivering the infrastructure that underpins intra-African trade.

Distributed by APO Group on behalf of Afreximbank.

 

 




 

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Coca-Cola Beverages Africa (CCBA) invests in Africa’s leadership potential through EDGE

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Coca-Cola

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business

JOHANNESBURG, South Africa, November 4, 2026/APO Group/ –Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) (https://www.CCBAgroup.com) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort.

 




 
 

Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from The Coca-Cola Company, the programme was further expanded in 2026 to include leaders from Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, creating a broader pan-African learning experience across the Coca-Cola system.

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business.

The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system

The graduating cohort represented leaders from multiple countries and business functions. Through classroom learning, business projects, mentoring and coaching, participants gained practical experience in addressing real business opportunities and challenges.

With CCBA serving more than 840,000 customers across Africa, the company requires leaders who can navigate complexity and create value in diverse markets. EDGE helps build these capabilities through practical, business-focused learning.

“People are at the heart of everything we do, and programmes like EDGE demonstrate our commitment to investing in their growth and future success,” said Natasa Prodanovic, Chief People and Culture Officer at CCBA.

“The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system. By learning alongside colleagues from The Coca-Cola Company, Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, participants were able to build meaningful connections, share diverse perspectives and strengthen collaboration across our markets.”

The curriculum focused on strategy, value creation, transformation, commercial decision-making, leading self and leading teams. Participants also presented business projects aligned to organisational priorities as part of the programme’s graduation requirements.

EDGE forms part of CCBA’s broader commitment to developing future leaders and building the capabilities needed to drive sustainable growth and impact across Africa.

Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

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Afreximbank

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped

ST. JOHN’S, Antigua and Barbuda, November 3, 2026/APO Group/ –Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda.

 




  

The report, Reshaping Africa-Caribbean Trade: Opportunities for Economic Transformation, (https://apo-opa.co/4eiz62u) finds that while Africa and the Caribbean share deep historical and cultural links, trade between the two regions continues to represent only a small share of each region’s overall trade, despite complementarities across sectors ranging from agribusiness and manufacturing to services and the creative economy.

A look at the numbers

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped, with are significant opportunities for export growth if trade and investment is actively promoted and facilitated.

Africa and the Caribbean must transform a shared history into shared prosperity

Caribbean export potential lies in the services sector, reaching $481 million. The report identifies business opportunities across several priority sectors, including processed food and animal feed, chemicals, minerals and metals, apparel and textiles, leather and footwear, tourism, transport services and creative industries.

These findings – and more – are based on trade and export potential analysis, detailed sector assessments and a survey of 1,175 businesses and business support organizations across Africa and the Caribbean.

Tapping into priority sectors

ITC Executive Director Pamela Coke-Hamilton (https://apo-opa.co/3WHHZMU), in launching the report, said: ‘At a time of major shifts in global trade, countries need to strengthen regional ties and invest in value addition, to build resilience. We know the major trade opportunities between Africa and the Caribbean – and now we can focus on helping businesses take advantage of those opportunities through better market intelligence, improved logistics and greater access to finance.’

Commenting on the report, Denys Denya, Senior Executive Vice President at Afreximbank, said: ‘Africa and the Caribbean must transform a shared history into shared prosperity. With our CARICOM office in Barbados, about $1 billion in approved transactions and a $5 billion regional financing commitment, Afreximbank is advancing this vision through financing, deposit mobilization under CENDEP, business links through the annual Afri-Caribbean Trade and Investment Forum, local-currency payments through CAPSS and creative-industry collaboration through CANEX. This report offers a practical roadmap to turn untapped potential into bankable opportunities across agribusiness, manufacturing, tourism and the creative economy. Through targeted financing, stronger transport and logistics links and strategic partnerships, we can build a Global Africa connected by heritage, trade, investment and shared opportunity.’

The report finds that businesses continue to face significant challenges, including high transport costs, limited direct shipping links, regulatory barriers, limited access to finance and difficulties in identifying trusted commercial partners. It highlights that future economic cooperation should extend beyond traditional trade in goods, including through joint investment ventures, digital services, creative industries and tourism. It also calls for targeted action to improve market intelligence and business matchmaking; expand access to trade finance and payment solutions; strengthen transport and logistics connectivity; support sector-specific value chain development; improve regulatory cooperation and market access; and foster stronger partnerships among business support organizations.

Read the full report HERE (https://apo-opa.co/4exHBH9)

Distributed by APO Group on behalf of Afreximbank.

 




 

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