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Azule Energy’s Adriano Mongini to Outline Innovative Floating Production Storage and Offloading (FPSO), Exploration Solutions at African Energy Week (AEW) 2024

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Azule Energy’s CEO Adriano Mongini has joined the African Energy Week: Invest in African Energy conference as a speaker – taking place November 4-8 in Cape Town

CAPE TOWN, South Africa, July 26, 2024/APO Group/ — 

International energy company Azule Energy – Angola’s largest independent equity producer of oil and gas – is developing the world’s first FPSO vessel that features carbon capture and storage (CCS) capabilities. The Agogo FPSO falls part of the broader Agogo Integrated West Hub Development in Block 15/06 and is expected to set a benchmark for sustainable oil and gas development across the region. Azule Energy’s CEO Adriano Mongini has joined the African Energy Week (AEW): Invest in African Energy 2024 conference as a speaker. During the event, Mongini is expected to provide insight into the company’s project pipeline, innovative infrastructure solutions and plans for expanding its presence regionally.

Azule Energy has set a target to increase production to 250,000 barrels per day (bpd) within the 2023-2026 period, leveraging new exploration campaigns as well as the development of large-scale projects to achieve this goal. The company signed Risk Service Contracts in December 2023 for Blocks 46, 47 and 18/15 – situated in the Lower Congo basin -, representing a step towards advancing deepwater oil and gas developments in Angola. Mongini will outline the company’s exploration plans at AEW: Invest in African Energy 2024, drawing insight into asset acquisition and future investments.

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

The development of projects such as the Agogo Integrated West Hub development and the Quiluma and Maboqueiro fields will play a central part in increasing production in Angola

With two billion barrels equivalent of net resources, stakes in 20 licenses and participation in the Angola LNG joint venture – operator of the Angola LNG plant – Azule Energy is both a strategic partner and competitive producer in Angola. One of the company’s largest developments is the Agogo Integrated West Hub development in Block 15/06, which is on track for production by 2026. The company aims to create a new production hub at the project, adding the Agogo FPSO vessel – currently under construction – to the block. With a capacity of 120,000 bpd and a gas injection capacity of 230 million cubic feet per day, the Agogo FPSO will join the active Ngoma FPSO to produce hydrocarbons from the Agogo and Ndungu fields. FID for the project was achieved in 2023.

Azule Energy is also the operator of the Cabinda Norte and Cabinda Centro blocks – situated onshore – and offshore Blocks 31, 15/06, 1/14, 18 and 28. Four FPSO vessels are also in operation with a capacity of 1.75 million bpd each. Meanwhile, Azule Energy is taking its expertise to regional markets. The company signed a farm-in agreement in May 2024 with exploration company Rhino Resources Namibia, securing a 42.5% interest in Block 2914A. Situated in PEL 85 in the Orange Basin, the asset is considered strategic given its close proximity to billion-barrel discoveries made in the basin since 2022. The agreement also represents the first international transaction by Azule Energy, reflecting its drive to develop oil and gas across the broader African continent.

On the natural gas side, Azule Energy is driving gas monetization efforts in Angola through its operatorship of the New Gas Consortium (NGC). The NGC is developing the country’s first non-associated gas project – the Quiluma and Maboqueiro fields – which will provide feedstock for the Angola LNG facility. Situated in the Northern Gas Complex in Angola, the fields will produce four billion cubic meters of gas per annum using two offshore platforms. The consortium made FID on the fields in 2022, with production expected to begin in 2026. Beyond the fields, Azule Energy is assessing future tie-ins to Blocks 2, 3 and 15/14, thereby ensuring the Angola LNG project has a steady supply of natural gas.

Beyond upstream projects, Azule Energy signed an agreement with Angola’s national oil company Sonangol in July 2024 to enhance decarbonization at the Luanda Refinery – Angola’s sole operating refining faacility. The parties agreed to assess the feasibility of constructing a biorefinery at the plant, with both Azule Energy and Sonangol providing technical and operational support. The refinery underwent an expansion in 2022, with the partners commissioning a new petrol production complex. The addition increased output from 395,000 liters per day to 1.5 million liters per day, aligning with Angola’s goal of becoming a regional hub for petroleum.

“Africa requires innovative, diversified oil and gas solutions in order to achieve energy security and drive industrialization. Companies like Azule Energy are making great strides in area by developing pioneering FPSO infrastructure and prioritizing production growth. The development of projects such as the Agogo Integrated West Hub development and the Quiluma and Maboqueiro fields will play a central part in increasing production in Angola,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

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Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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