Connect with us

Business

Association of Service Providers of the Angolan Oil & Gas Industry to Promote Oil And Gas Service Opportunities as African Energy Week 2024 Partner

Published

on

African Energy Chamber

AECIPA management will lead Members to AEW in search of potential partners

CAPE TOWN, South Africa, April 9, 2024/APO Group/ — 

The Association of Service Providers of the Angolan Oil & Gas Industry (AECIPA) has partnered with the African Energy Chamber (AEC) (http://EnergyChamber.org) in a bid to promote investment opportunities in Angola as well as partnerships with Angolan services companies. As such, AECIPA will lead a delegation of Angolan companies to this year’s edition of African Energy Week; Invest in African Energy conference – scheduled for November 4-8 in Cape Town. Through the partnership, AECIPA members have access to exclusive discount rates, while a delegation from the association will participate in various panel discussions and forums.

As an association representing Angolan service providers, AECIPA promotes, supports, and sponsors professional initiatives of service companies in the country. With a goal to drive socioeconomic growth in the country, the association supports opportunities for service companies while strengthening local content and SME participation across the value chain. Currently, the association represents 150 company-members, and addresses concerns, cultivates relationships and advocates for good business practices.

Across the industry, AECIPA member companies are making strides to develop resilient and competitive oil and gas projects. Angolan service company Brimont Angola, for example, secured a contract in 2021 to procure specialty chemicals for Angolan NOC Sonangol. The contract covers all of Sonangol’s operated blocks. Additionally, maritime service provider OCTOMAR entered a joint venture with Angolan logistics provider CABSHIP to establish a diving and offshore marine company in the Cabinda Special Economic Zone. As new project developments kick off across the industry, opportunities for Angolan service providers and partners continue to grow.

“AECIPA member companies have developed significant knowhow and capabilities in recent years, taking on even more complex projects and delivering them to high industry standards, under budget and with world class HSE practices. We continue to see more collaboration between our members and other world class brands. We therefore encourage other companies not yet in Angola to partner with world class Angolan companies and take advantage of the big opportunities that the market offers” said Braulio de Brito, President of AECIPA who is also Executive Chairman and Founder of Tradinter, an Angolan O&G Service company.

AECIPA member companies have developed significant knowhow and capabilities in recent years, taking on even more complex projects and delivering them to high industry standards

Through the partnership, AECIPA member companies will receive a 10% discount on delegate passes, enabling companies to participate in conference offering including panel discussions, exhibition, and networking functions. The added benefits for Angolan companies align with AEW: Invest in African Energy’s objective to make energy poverty history by 2030 through increased participation by local firms in industry development and dialogue.

AEW: Invest in African Energy 2024 is the platform of choice for project operators, financiers, technology providers and governments and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Representing one of the largest oil and gas producers in Africa, Angola has a strong pipeline of projects underway that aim to maintain production at 1.1 million barrels per day (bpd) until 2027, thereafter increasing it to 1.18 million bpd. Major projects include the Cameia-Golfinho fields – with FID expected this year -; the 30,000 bpd CLOV Phase 3 Project on Block 17 – with production expected this year – and the start of operations of the first phase of the 30,000 bpd Cabinda Oil Refinery. At the same time, the company recently concluded a 12-block tender as part of its six-year licensing round – launched in 2019 – and expects the next round to be opened next year. With 43 wells set to drilled in 2024 and companies such as ExxonMobil, TotalEnergies and more making billion and million-dollar commitments to the country’s oil and gas industry, respectively, contractual opportunities for Angolan players are increasing.

The AECIPA-AEW: Invest in African Energy partnership aims to position Angolan service providers at the forefront of the continent’s growth. As such, the parties will hold a webinar ahead of the conference this November, exploring investment opportunities in Angola and the role of local companies in strengthening African economies. These discussions will be further unpacked during the conference in Cape Town. AECIPA Chairman, Eng. Bráulio de Brito, will also deliver a presentation during the conference, providing crucial insight into ongoing programs in Angola.

“AECIPA continues to champion professional initiatives within the Angolan oil and gas industry and the association’s commitment to creating economic opportunities for Angolan service providers is exemplary. African-based service providers play a catalyzing role in project development. By prioritizing local content, streamlining industry opportunities and investing in SMEs, Africa stands to make energy poverty history by 2030,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

on

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.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

on

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.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

on

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).

Continue Reading

Trending

Exit mobile version