The EOS R1 boasts advanced features that enable news and sports professionals to capture the headline shot every time, whilst the EOS R5 Mark II is built for a wide range of hybrid professionals to tackle any creative project
DUBAI, United Arab Emirates, July 17, 2024/APO Group/ —
Canon Europe (www.Canon-Europe.com) announces the launch of its highly anticipated flag bearers for the EOS R System – the EOS R1 and EOS R5 Mark II, designed to take professional photography and videography to new levels. With unparalleled high performance, both products offer the most streamlined workflow processes and intuitive user experience ever, with assistive technologies powered by a new Accelerated Capture imaging platform and Deep Learning.
The EOS R1 boasts advanced features that enable news and sports professionals to capture the headline shot every time, whilst the EOS R5 Mark II is built for a wide range of hybrid professionals to tackle any creative project.
EOS R1 and EOS R5 Mark II – the most anticipated editions of the EOS R mirrorless range
The release of the EOS R1 and EOS R5 Mark II full frame mirrorless cameras marks a monumental moment in Canon’s history – the EOS R1 being the first camera in the EOS R range within the EOS-1 series – known for its legacy of high performance and reliability. The EOS R5 Mark II succeeds the highly acclaimed EOS R5 which combined high resolution, speed and 8K movie performance.
For the first time, both cameras are introduced with the new ‘Accelerated Capture’ imaging platform comprised of a new processor – the DIGIC Accelerator – along with the well-known high-performance DIGIC X image processor and newly developed high-speed image sensors featured on both new camera models.
The DIGIC Accelerator is newly added to support the processing of large volumes of data, alongside Deep Learning technologies. This combination unlocks higher performance and new features in several areas including auto focus, continuous shooting and image quality.
Thanks to this new imaging platform, the EOS R1 and EOS R5 Mark II both feature the latest version of Dual Pixel CMOS – Dual Pixel Intelligent AF. This includes multiple enhancements including the ability to more accurately track subjects, by identifying the face and upper bodies of players and avoiding obstacles or other players. This is further enhanced by the ability for users to register specific faces and track and prioritise them consistently over other players.
The newly added ‘Action Priority’ mode automatically identifies common action poses in basketball, soccer and volleyball, identifying and tracking the main subject in fast and dynamic situations and capturing the headline-grabbing moment of action.
Eye-control AF is offered for the first time in the EOS R5 Mark II and is improved to twice the level of the EOS R3 in both models including a higher pixel count sensor, enhanced LEDs, a larger eye detection area, and an updated detection algorithm allowing a unique and instinctive way to select a subject to track in a complex scene.
The EOS R1 and EOS R5 Mark II offer new high-speed image sensors, resulting in faster shooting speeds and faster sensor readout with a 40% reduction of rolling shutter in the EOS R1 compared to the EOS R3 – putting it on the same level as the mechanical shutter in the EOS-1D X Mark III. With a similar 60% reduction in the EOS R5 Mark II both models are highly capable in capturing action without any reduction in image quality or dynamic range. The cameras newly feature a pre-continuous shooting function offering up to 20 frames (for EOS R1) and 15 frames (for EOS R5 Mark II) to be captured in HEIF/JPEG or RAW format at any frame rate before the shutter is pressed, allowing the key moment to be captured even if it was missed. Both feature large, high brightness and resolution blackout-free viewfinders with the EOS R1 featuring the highest resolution at 9.44M dots and the EOS R5 Mark II offering twice the brightness of the EOS R5.
Thanks to the new imaging platform, the EOS R1 and EOS R5 Mark II benefit from enhanced image quality with Deep Learning in-camera image upscaling and noise reduction, providing an additional four times resolution or reduced noise in-camera when using JPEG or HEIF formats. Users can also crop and upscale in-camera making it that much easier to send out photos without editing via separate applications.
Both cameras feature up to 8.5 stops of image stabilisation[1] with effective shooting capabilities particularly in low light or in other difficult conditions.
For videographers, the EOS R1 and EOS R5 Mark II offer video in 12 bit RAW recording internally to the memory card as well as using Cinema EOS Movie Recording formats alongside Canon Log 2 and 3 with proxy video recording that is now fully supported between two cards, and four channel audio. This takes professional video production to new heights, delivering outstanding quality and creative flexibility no matter the scenario. The cameras are also able to record high resolution stills and Full HD video simultaneously, with the option to record externally via the HDMI type A ports in both cameras.
To support the workflow of professionals, several features ensure fast and stable connectivity and failsafe options, with multiple routes to image/video destinations for filing news with support for the C2PA content authenticity format[2] or reviewing the first rushes of a film. Industry standard file naming, separate photo/video folders, and advanced tagging in News ML-G2 standard are also supported. Both cameras support Wi-Fi6E/11ax 6GHz in-body, making them the first EOS series cameras to offer new levels of transfer speed, with the EOS R1 additionally supporting 2.5Gbps Ethernet connectivity and dual-threaded FTP in the body and the EOS R5 Mark II providing 2.5Gbps Ethernet via an optional grip.
Introducing the EOS R1 – Canon’s new flagship camera
With 35 years since the introduction of the original EOS-1, the EOS R1 takes on a legacy of cameras that represent the ideal option for professionals worldwide, thanks to its groundbreaking autofocus, speed, reliability and durability.
Engineered for elite sports photographers the EOS R1 is designed to ensure the moment is never missed in the fast-paced world of sports and news photography. Auto focus alongside speed is the key to obtaining previously unobtainable results. The EOS R1 is uniquely equipped with a groundbreaking, new Cross Type AF system, meaning it excels in challenging conditions such as when shooting through a tennis net, picking out smaller subjects and locking on to vertical detail in situations where horizonal detail is missing from the subject under the AF area. This latest technology is a first for Canon and requires a completely new Dual Pixel CMOS AF sensor arrangement in which individual Gb pupil divisions of pixels are rotated by 90 degrees to offer auto focus tracking sensitivity along the vertical and horizontal axis of the sensor, offering users fast and accurate results and the ability to capture an image that could have previously been missed.
The camera offers an astounding 40fps silent electronic shutter with AF tracking and 20 frames of pre-continuous shooting, meaning that users can follow a scene without sacrificing image quality. Its 24.2 megapixel resolution delivers exceptional high-speed performance, while also achieving up to 96 megapixels in-camera with Deep Learning and image upscaling and noise reduction. Enhanced flash sync speeds up to 1/400th of a second and improved white balance and image exposure evaluation means more consistency and versatility for a variety of genres.
The EOS R1 also champions hybrid multimedia functionality with 6K resolution at 60fps or 4K at 120fps, along with Full HD at 240fps.
Designed to withstand the toughest conditions, the EOS R1 features a newly designed weather-resistant body with renewed outer texture and integrated vertical grip. A high-resolution EVF with an anti-fog design and a wide viewfinder eyepiece make it a comfortable camera for shooting sports over long durations. Newly added is the two-stage AF-ON button which allows the instant activation of two programmable functions within one button allowing photographers to quickly respond to changing action in front of them.
Presenting the EOS R5 Mark II, the pinnacle of all-round versatility and hybrid creativity
Building on the legacy of the EOS R5 and pushing the boundaries of what’s possible for emerging genres, the EOS R5 Mark II is aimed at creative storytellers and hybrid users ready to elevate their craft, making it the ultimate tool for a wide range of applications, from wildlife to wedding, event coverage, filmmaking and news reporting.
Designed to capture fast-moving subjects without compromising on high-quality detail, the EOS R5 Mark II features a revolutionary new back-illuminated, stacked sensor design with a stunning 45 megapixel resolution. Auto focus tracking and an electronic shutter capable of 30fps with low rolling shutter allows users to truly excel in fast-paced action situations. The pre-continuous shooting mode captures 15 frames before the shutter is even pressed, while advanced image upscaling can achieve up to 180 megapixels with exceptional noise reduction, preserving the finest details.
Seamless hybrid multi-media functionality is at the heart of the EOS R5 Mark II as well as a greater synergy with Canon Cinema EOS line with shared features and formats. Improved from the EOS R5, the EOS R5 Mark II offers 8K 60p resolution from the full width of the sensor and 12-bit RAW recording internally, along with 4K video at up to 120p with sound. The newly introduced Cooling Fan Grip is designed specifically to extend shooting periods for event coverage, interviews and high-quality live streaming.
The possibility to record video proxies, industry-standard file naming, and structured folders enhances post-production workflows. Shooting Virtual Reality is also made simpler with enhanced preview and playback navigation.
A new higher performance LP-E6P battery and heat-dissipating and durable magnesium alloy body ensures the EOS R5 Mark II is ready for any challenge, even in unpredictable weather environments.
The EOS R5 Mark II maintains a compact and lightweight design, but with key enhancements such as a fog-resistant, two times brighter viewfinder and larger opening making it an indispensable tool for hybrid creatives seeking top-grade performance and versatility all in one package.
Ushering in a new generation of EOS R System products
The EOS R1 and EOS R5 Mark II together represent a complete professional pairing with the ultimate in reliability and speed matched with versatility and practicality. These new bodies join a roster of recently announced EOS R System cameras and RF lenses, cementing Canon’s commitment to delivering cutting-edge technology for creative storytellers across all genres of photography and videography.
For more information about the EOS R1 and EOS R5 Mark II, please visit:
A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline
JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.
Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.
Addressing Fiscal Terms, Regulatory Scope and Contracting Speed
President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.
Four Divestments Transferred Onshore Control to Indigenous Operators
In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.
When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds
Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond
The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.
Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.
“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”
The Counterfactual Illustrates How Much Was at Stake
The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.
The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.
Distributed by APO Group on behalf of African Energy Chamber.
With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership
LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.
More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.
With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.
This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future
The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.
As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.
Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:
“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”
The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.
Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).
Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan
BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).
The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.
Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.
The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.
Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.
Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).
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