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Angola Represents a Strategic Opportunity for United States (US) Investors

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AOG

AOG 2024 will host a networking event on March 19 from 1700-2000 at the Four Seasons in Houston, connecting US project developers and financiers to opportunities in Angola’s oil and gas sector

LUANDA, Angola, March 12, 2024/APO Group/ — 

While Angola represents one of the biggest oil producers in Africa, efforts to increase production to 1.18 million barrels per day (bpd) in 2024 have created newfound investment opportunities for global players. U.S. companies and investors, in particular, offer the capital and expertise required to strengthen the Angolan oil and gas market.

Reaffirming U.S. commitment towards energy development and economic prosperity in Angola, a networking event will be held in Houston on March 19 (https://apo-opa.co/49NPq74) to showcase investment opportunities across the country’s rapidly expanding hydrocarbon industry. Hosted by the nation’s premier event for the hydrocarbon industry – Angola Oil & Gas (AOG) 2024 (https://apo-opa.co/4945xwG)  – in collaboration with the country’s national concessionaire and regulator, the National Oil, Gas & Biofuels Agency (ANPG), and the Ministry of Mineral Resources, Petroleum and Gas, the event offers networking opportunities for U.S. players in Angola.

The event comes on the heels of U.S. Secretary of State Anthony Blinken’s visit to Luanda in January 2024 where he discussed bilateral relations and partnerships in the areas of infrastructure, energy, economic engagement and trade. In October 2023, the U.S. also signed a seven-side MoU with the African Development Bank, the Africa Finance Corporation, the EU and the governments of the DRC, Zambia and Angola for the Lobito Corridor. The project links the Copperbelt in southern Africa to the Atlantic Coast for the purpose of driving mineral development and international trade.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the national oil company Sonangol, the ANPG, the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Spearheaded by Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum and Gas, and José Barroso, Secretary of State for Oil and Gas, Angola is committed to inviting U.S. and global E&P companies to invest in exploration and production in the country’s frontier basins. The country offers investment prospects in both on- and offshore oil as well as emerging opportunities in gas exploration and LNG, with Angola having concluded its most recent licensing round in January 2024.

Led by the ANPG, the licensing round featured a 12-block tender for blocks in the Lower Congo and Kwanza basins, with the next round scheduled for 2025. With proven oil and gas resources estimated at nine billion barrels of oil and 11 trillion cubic feet of natural gas, respectively, the country boasts immense opportunities for U.S. investors. As such, speakers during the Houston networking event are expected to highlight the significant opportunities Angola’s oil and gas sector continues to offer to investors across the entire value chain.

In 2022, the U.S.’s FDI in Angolan stock totaled $255 million, showcasing an increase of 53.1% from 2021 and highlighting strong investor confidence in the country’s market. Going forward, this confidence is expected to lead to heightened U.S. involvement in Angolan oil and gas, and recent exploratory success has demonstrated that opportunities are only growing in the market. Positive drilling results from the KON-11 block in the Kwanza basin by energy company Corcel indicated a strong return of onshore oil production in Angola while a discovery in the Bavuza South-1 well in offshore Block 15 by energy supermajor ExxonMobil strengthens the country’s burgeoning exploration sector. As new basins are opened and the investment climate becomes even more attractive, U.S. oil and gas companies are encouraged to seize the opportunities the Angolan market presents.

Taking place from 17:00-20:00, the Houston networking event also serves as a form of prelude for the AOG 2024 conference. Organized by Energy Capital & Power, AOG 2024 will introduce U.S. investors and projects developers to upcoming opportunities in exploration and production.

To RSVP for the Angola-focused cocktail event, contact sales@energycapitalpower.com. We look forward to welcoming you in Houston.

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

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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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