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Angola Becomes Official Lead Sponsor of African Energy Week (AEW) 2025, Reflecting Drive to Advance Investment

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Angola

In 2025, Angola celebrates 50 years of independence, with several major projects in the pipeline set to define its next 50 years of oil and gas production

CAPE TOWN, South Africa, August 4, 2025/APO Group/ –Angola has become the official Lead Sponsor of the African Energy Week (AEW): Invest in African Energies conference – Africa’s largest energy event scheduled for September 29 to October 3 in Cape Town. Powered by the country’s upstream regulator the National Oil, Gas & Biofuels Agency (ANPG) and national oil company (NOC) Sonangol, the sponsorship comes as Angola celebrates 50 years of independence in 2025 and reflects a broader commitment to advancing African energy production.

With goals to enhance crude production while fast-tracking non-associated gas development, Angola is leveraging flexible investment structures and forward-looking policy to increase capital expenditure across the oil and gas value chain. Building on decades of success as one of the continent’s leading oil and gas producers, the country is laying a strong foundation for future growth by engaging global investors, introducing new block opportunities and gearing up for regional trade and integration. As the AEW: Invest in African Energies 2025 Lead Sponsor, Angola has committed to working with regional partners to advance Africa’s energy goals.

Angola is on the precipice of unlocking significant production growth, with recent projects pointing to greater economic opportunities for the country

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 www.AECWeek.com for more information about this exciting event. 

Over the past five decades, Angola has positioned itself as sub-Saharan Africa’s second biggest oil producer, with output measuring above one million barrels per day (bpd) in recent years. While the country has faced production decline since peaking in 2008, aggressive reforms by the government have already begun to turn this trend around. Reforms came with the establishment of the ANPG in 2019 and divestment of Sonangol – enabling the NOC to focus its activities as an operator. Since this restructuring, Angola has enacted a series of bold measures to attract fresh investment in exploration blocks, introducing a multi-year licensing strategy that seeks to award 50 concessions by 2025. To date, up to 40 concessions have been awarded, with a 2025 licensing round offering a further ten blocks in the offshore Kwanza and Benguela basins. The country also introduced a permanent offer scheme, enabling companies to invest through direct negotiation, as well as five marginal field opportunities. These investment avenues grant companies the flexibility they need to invest, laying the foundation for significant spending across the market.

Looking ahead, Angola has secured $60 billion in upstream investment over the next five years, reflecting a strong drive by international operators to maximize the potential of Angola’s hydrocarbon resources. A series of large-scale projects are on track to bolster crude production while forays into non-associated gas development will enhance LNG exports and domestic gas utilization. These include the Azule Energy-led Agogo Integrated West Hub Development in Block 15/06, which achieved first oil from the Agogo FPSO in July 2025. The vessel joins the operational Ngoma FPSO at the site, increasing production capacity to 175,000 bpd. TotalEnergies also brought two oil projects online in July 2025: the 30,000 bpd Begonia project and the 30,000 bpd CLOV Phase 3 Development. Situated in Block 17/06 and Block 17 respectively, the projects offer a boost to the country’s production portfolio. Meanwhile, Angola’s first non-associated gas project – led by the New Gas Consortium – is advancing to first production in early-2026. Featuring the Quiluma and Maboqueiro fields, the project will provide feedstock for the Angola LNG facility, enhancing exports and revenue generated from gas. In July 2025, Angola also made a gas discovery at Block 1/14 in the Lower Congo basin, with initial estimated showing reserves of one trillion cubic feet.

These developments will not only consolidate Angola as a major oil and gas supplier but bring significant economic benefits for the population. The country’s AEW: Invest in African Energies sponsorship is poised to support its industry goals, while creating new pathways for investment and deals.

“Angola is on the precipice of unlocking significant production growth, with recent projects pointing to greater economic opportunities for the country. Angola’s last 50 years have shown a country that is resilient, focused on growth and committed to laying strong foundations for the economy. But it is the country’s next 50 years that will truly define it as a global oil and gas hub,” stated Verner Ayukegba, Senior Vice President, 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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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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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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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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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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