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Cameroon Advances Gas-to-Industry Agenda with First Delivery from Bipaga Processing Center

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Bipaga

The milestone affirms the critical role natural gas plays in Africa

YAOUNDÉ, Cameroon, July 16, 2024/APO Group/ — 

The Bipaga Gas Processing Center in Cameroon has transported its first gas cargo to the Keda Ceramics manufacturing plant via a 6 km-long pipeline constructed by national oil company Société Nationale des Hydrocarbures (SNH) and independent hydrocarbon producer Perenco. Keda Ceramics – the largest ceramics facility in the region – will utilize the gas to power factory generators and kilns, enabling the production of approximately 20 million m² of ceramic tiles once the facility is fully commissioned.

The African Energy Chamber (AEC) – serving as the voice of the African energy sector – celebrates the milestone achieved by Perenco and the government of Cameroon. Representing the first gas-to-industry project spearheaded by Perenco in Central Africa, the delivery showcases the critical role natural gas plays in driving industrialization across the region. The project is a testament to how gas can be produced and monetized in a way that supports domestic manufacturing and job creation and is the start of a new era of growth for the Cameroonian economy.

Cameroon is setting a trend for other resource-rich nations in Africa that are seeking innovative solutions to advance industrialization

Cameroon aims to become a manufacturing hub, driving industrialization through the development of natural gas projects. The country’s Industrialization Master Plan – adopted in 2016 – outlines a strategy to position the country as a regional electricity provider; a supplier of agro-industrial produce; and a top equipment manufacturer. The Keda Ceramics project falls under this plan. Once fully commissioned the factory will utilize up to six million cubic feet of gas per day to power its operations, creating 2,000 direct and indirect jobs in the Kribi region. Gas will be supplied under a 20-year agreement signed in September 2022 with Perenco and SNH.

The project represents just one of the many underway that aim to bolster gas monetization in Cameroon. On the LNG front, Cameroon aims to increase production from the existing 1.6 million tons per annum (mtpa) to five mtpa by 2026. The country represented the first in the world to convert an LNG carrier into an FLNG vessel, with the Hilli Episeyo FLNG facility – developed by LNG manufacturer Golar LNG, Perenco and SNH – celebrating its 100th cargo delivery in 2023. The project partners are currently in discussions to re-contract the FLNG vessel beyond the end of its existing contract period (July 2026).

Beyond LNG production, Cameroon plans to increase LPG for clean cooking use to 58% by 2035 and is inviting investment in midstream and downstream infrastructure. SNH currently operates a domestic gas depot in Bipaga, representing the country’s sole supplier of locally-produced LPG. The country’s LPG Masterplan – launched in 2016 – envisages 400 million euros in financing to fund an additional seven million LPG cylinders in the country while strengthening importation, storage, transportation and retail infrastructure. In the power sector, natural gas projects aim to bolster electrification and economic growth. The Kribi Gas-Fired Power Plant – operational since 2013 – has a capacity of 341.3 MW and is located in southern Cameroon. The project utilizes gas from the Sagana South offshore gas field and provides the region will clean power.

Meanwhile, Cameroon is seeking new investment in exploration as well as alternative pathways to monetize stranded reserves. Independent oil and gas company Tower Resources extended the first exploration period of the Thali PSC in the Rio del Rey basin in January 2024. The contract calls for the drilling of one exploration well. Estimated to contain up to four distinct play systems, the Thali prospect offers the potential for additional discoveries. Additionally, in June 2023, Perenco signed a new 20-year PSC with SNH for the continued development of the Rio del Rey Basin. The basin has approximately 1.2 billion barrels of undeveloped reserves. Further exploration across the market will not only increase national oil and gas production but support industrialization efforts across the country.

“Cameroon is setting a trend for other resource-rich nations in Africa that are seeking innovative solutions to advance industrialization. By directing investment towards gas processing and distribution while promoting new exploration to sustain supplies, the country is fast-tracking the development of multiple industries country-wide. Gas is a fuel for industrialization in Africa and Cameroon is a testament to this,” states NJ Ayuk, Executive Chairman of the AEC.

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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