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At the DRC Agribusiness Forum, Democratic Republic of Congo shares its ambition to feed Africa and announces $6.6 billion in investments in agriculture

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Agribusiness Forum

The investment is evidence of the commitment of Congolese President Félix Antoine Tshisekedi to develop the country’s agricultural potential and ease the economy’s dependence on the extractive sector

ABIDJAN, Ivory Coast, October 15, 2023/APO Group/ — 

The Democratic Republic of Congo aims to invest $6.6 billion over ten years in its Agriculture Transformation Programme (PTA) to fulfil its commitment to becoming Africa’s breadbasket. The announcement was made at the “DRC Agribusiness Forum”, held on 4 and 5 October 2023 in Kinshasa.

The investment is evidence of the commitment of Congolese President Félix Antoine Tshisekedi to develop the country’s agricultural potential and ease the economy’s dependence on the extractive sector.

“With its 80 million hectares of cultivable land, its four million hectares of irrigable land, its varied climate allowing year-round agriculture, its having 7 to 8% of the world’s exploitable fresh water, and its approximately 125 million hectares of grazing land, sufficient for 40 million head of livestock, coupled with the size of its population, especially young and female, DR Congo incontestably has the means to be the breadbasket of Africa, the epicentre of the continent’s agricultural industry and an incubator of prosperity,” said Solomane Koné, Deputy Director General of the African Development Bank for Central Africa and Country Manager for the DRC. 

The Forum, held at the initiative of the DRC Government with the support of the African Development Bank and the International Finance Corporation, aimed to stimulate private sector investment in agricultural value chains and boost agribusiness in the agricultural-resource-rich Central African country. The opening ceremony was chaired by Prime Minister Jean-Michel Sama Lukonde.

More than 700 people from 28 countries took part, including government officials, representatives of technical and financial partners, heads of public and private companies, investors and actors in the agricultural sectors.

The Democratic Republic of Congo presented its National Food and Agriculture Pact, made at the Food Sovereignty and Resilience Summit held in January 2023 in Dakar

At the event, the Democratic Republic of Congo presented its National Food and Agriculture Pact (https://apo-opa.info/46I0Bwg), made at the Food Sovereignty and Resilience Summit held in January 2023 in Dakar. The Pact is a product of the PTA.

Serge N’Guessan, African Development Bank Director-General for Central Africa, said at the request of Democratic Republic of Congo, the African Development Bank will devote all of the country’s available allocations during the 2023-2025 Afrian Development Fund (ADF)-16 cycle to operations in support of the Agriculture Transformation Programme, which is the backbone of the Bank’s Country Strategy Paper for DRC over the next five years.

The Bank’s delegation, led by Mr N’Guessan, included senior officials and several executives from the various areas of operations. The experts enriched discussions on the involvement of the private sector and of technical and financial partners for giving agribusiness a new impetus in DRC.

Other topics discussed included approaches for sustainable and resilient agriculture, operational challenges to improve the resilience of the agriculture industry, the financing of agricultural value chains, the potential of the cassava sector, strengthening agribusiness, and the role of public-private partnerships and of energy and transport infrastructure for agribusiness development.

Five main recommendations were made for developing agricultural value chains:

  1. Adopt a sectoral and project-based approach, with real support from government (tax and administrative facilities, availability of basic socio-economic and energy infrastructure, etc.) for the revival of the agricultural sector.
  2. Limit all charges, fees and taxes to a maximum of 25% of value for production and export activities.
  3. Set up a sovereign wealth fund to support agriculture and agriculture hubs to support and advise small agricultural investors.
  4. Strengthen the capacities and roles of decentralized territorial entities in the governance of the agricultural sector, ownership and effective application of the value-chains approach and sustainable agriculture, risk guarantee and mitigation mechanisms and access to finance.
  5. Harmonize the regulatory framework for Special Economic Areas (ZES), Law on Basic Principles for Agriculture, Law on Public-Private Partnerships (PPPs).

The DR Congo Government reaffirmed its commitment to making agricultural transformation a key driver of development in the country, particularly through the necessary reforms and the establishment of a taskforce bringing together a number of ministerial departments and stakeholders to monitor implementation of the Forum’s recommendations.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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