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Atlantic Methanol Production Company (AMPCO) Confirms as a Silver Sponsor for African Energy Week (AEW)

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AMPCO

AMPCO’s role as a silver sponsor at AEW 2023 is pivotal, as it will ignite discussions around the vital impact of Equatorial Guinea’s methanol industry in addressing energy poverty, fueling industrialization and propelling economic growth

JOHANNESBURG, South Africa, August 23, 2023/APO Group/ — 

African Energy Week (AEW), scheduled from October 16 to 20 at the Cape Town International Convention Centre, will welcome Atlantic Methanol Production Company (AMPCO) from Equatorial Guinea as a silver sponsor. AMPCO’s role as a silver sponsor at AEW 2023 is pivotal, as it will ignite discussions around the vital impact of Equatorial Guinea’s methanol industry in addressing energy poverty, fueling industrialization and propelling economic growth.

Established in 2001 with a robust presence in the gas sector, AMPCO strategically positions Equatorial Guinea as a significant global methanol player. Globally, the demand for methanol nears 100 million tons annually, with Equatorial Guinea contributing nearly 1% through a singular plant—a remarkable achievement that impacts both Europe and the United States. By maximizing the utilization of its gas resources and bolstering its position as a Gas Mega Hub, Equatorial Guinea can amplify its impact on the continent’s energy dynamics, setting a precedent for other African nations to harness their natural resources strategically and contribute to both local and regional growth. The alignment of these strategic endeavors with AMPCO’s achievements highlights the synergistic relationship between Equatorial Guinea’s energy aspirations and its drive for sustainable development, positioning the nation as a beacon of progress in Africa.

AMPCO operates one of Africa’s largest methanol plants on Bioko Island, Equatorial Guinea, and recently invested in the expansion and diversification of the country’s downstream sector. Operating in collaboration with Marathon Oil Corporation (45%), Noble Energy (45%), and state-owned SONAGAS (10%), the plant, with nearly two decades of successful operation, holds substantial potential for advancing Equatorial Guinea’s downstream industry.

AMPCO’s achievements serve as a tangible demonstration of the nation’s commitment to leveraging its resources to drive transformative change

AMPCO’s commitment to forging strategic partnerships for accelerated project development is evident in its collaboration with Wood PLC, who was awarded the engineering service company to handle various important aspects of its methanol plant on Bioko Island. This joint endeavor combines expertise and resources, speeding up decision-making and innovation. It also mitigates risks through diversified expertise, optimizes financial efficiency, facilitates knowledge transfer, and aligns with the company’s broader goals.

“As Equatorial harnesses its substantial gas reserves and becomes a Gas Mega Hub for the region, AMPCO’s achievements serve as a tangible demonstration of the nation’s commitment to leveraging its resources to drive transformative change,” states NJ Ayuk, Executive Chairman of the African Energy Chamber, adding that “AMPCO’s success is a testament to the significant role of Equatorial Guinea in the energy sector, showcasing how the strategic use of methanol contributes to sustainable development and economic growth. Its achievements underscore the diverse potential of methanol across Africa.”

Looking ahead, AMPCO’s participation as a silver sponsor at AEW 2023 underscores its influential role in Equatorial Guinea’s energy sector and its contribution to leveraging methanol’s potential for sustainable growth in Africa and beyond.

AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://AECWeek.com.

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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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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