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Atlas Oranto Pioneers African Energy Security as Diamond Sponsor at African Energy Week (AEW)

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Atlas Oranto

Atlas Oranto will participate in this year’s edition of African Energy Week as a diamond sponsor, demonstrating its commitment to African energy security and sustainability

JOHANNESBURG, South Africa, August 11, 2023/APO Group/ — 

Atlas Oranto, Nigeria’s largest privately-held and Africa-focused exploration and production company, has joined the African Energy Week (AEW) conference – scheduled for October 16–20 in Cape Town – as a diamond sponsor. With an extensive presence across the African continent and a total of 22 oil and gas licenses in 12 jurisdictions, the group is at the forefront of the African petroleum sector, and will drive the discussion around sustainable investments during the conference this October.

For its part, Atlas Oranto understands the untapped resource wealth that Africa holds, particularly in offshore hydrocarbon exploration. The Atlas Oranto producing assets currently produce 18,000 barrels of oil per day, and the group anticipates this figure to significantly increase due to already scheduled development drilling. The exploration upside of its portfolio offers billion-barrel drill-ready prospects across many licenses, providing tremendous potential for future growth. Across the continent, the company is committed to sustainability investing in oil and gas, utilizing its expertise and innovation to deliver successful projects that prioritize environmental sustainability.

In Equatorial Guinea, Atlas Oranto has identified Block H as highly prospective after completing Phase 1 of the Production Sharing Contract (PSC). The group seeks a partner to undertake drilling activities and explore the highly promising Aleta prospect. While in South Sudan, the group holds exploration rights for Block B3 through a six-year exploration contract awarded in 2017. The company is actively carrying out new data acquisition and technical studies in this region. Moreover, Atlas Oranto entered the São Tomé and Principe/Nigeria Joint Development Zone in 2012 through Block 5, further strengthening its presence in the region. In Uganda, the Ngassa project, awarded in 2017, holds significant potential, and the company envisions utilizing specialized drilling rigs for exploration in Lake Albert.

As the continent continues to strive for energy independence and self-reliance, companies like Atlas Oranto serve as catalysts for change

Additionally, Atlas Oranto holds stakes in two offshore blocks in Senegal: Cayar Shallow and St. Louis Shallow. The Cayar Shallow block, located north of the Dakar peninsula, has 13 mapped leads and is estimated to be oil-rich, with the potential for individual trap sizes of several hundred million barrels of oil in place. Its close proximity to the coast enhances the viability of commercial discoveries. On the other hand, the St. Louis Shallow Block, adjacent to Cayar Shallow, offers geological conditions similar to those in the oil-rich Guyana Basin.

Atlas Oranto, through a 20-year PSC, possesses a 70% ownership interest in OML 109 in the Western Niger Delta. In July 2020, the company re-commenced operations involving workover and well intervention on the block with the aim of enhancing production from the Ejulebe marginal field. OML 109 encompasses 14 identified and mapped prospects and leads, boasting an estimated resource potential exceeding 500 million barrels of oil equivalent. The block’s strategic location in shallow waters and its proximity to established infrastructure, like the Escravos Terminal, offer an advantageous and cost-effective operating environment.

Focusing on offshore blocks in Nigeria such as OML 109, OPL 293, and OPL 320, Atlas Oranto seeks to collaborate with technical operators to fast-track the development of large-scale exploration and appraisal prospects. The group’s vision aligns with creating lasting value for Africa and its people while fostering local content development and supporting sustainable growth in the regions where they operate.

“As a prominent player in Africa’s energy sector, Atlas Oranto’s unwavering commitment to the continent’s energy security, sustainability and local content development has left a lasting impact. Their strategic approach to responsible exploration practices and their strong partnerships with African nations exemplify the critical role private companies can play in shaping a more sustainable and prosperous energy landscape in Africa. As the continent continues to strive for energy independence and self-reliance, companies like Atlas Oranto serve as catalysts for change, championing innovation and contributing significantly to the socioeconomic development of Africa,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC).

With a steadfast commitment to local content development and value creation, Atlas Oranto is poised to play a pivotal role in shaping Africa’s energy landscape and driving economic growth on the continent. As a diamond sponsor of AEW, the group reaffirms its dedication to the sustainable development of Africa’s energy sector and the prosperity of its people.

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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