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Chariot Energy’s Industry-Led Energy Transition

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4 years ago

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Chariot Energy

With a change of management during the pandemic, we’ve switched up our portfolio, embracing gas developments as a stepping stone to zero carbon power and going further with green hydrogen and renewable projects

JUBA, South Sudan, June 8, 2022/APO Group/ — 

Energy, Capital & Power (https://EnergyCapitalPower.com) spoke with Julian Maurice-Williams, Chief Financial Officer at the Chariot Energy Group about Africa’s energy transition, the respective roles of renewables, green hydrogen and natural gas therein, and the need for investment and policy support.

Chariot is in the business of transitional energy. What does this mean for Africa?

Africa’s circumstance is unique: 1.4 billion people, a mere 43% of which have access to electricity. This is less than half the global average, and the situation will not resolve itself, population growth is projected to put a further 700 million people on the continent in the next thirty years.

Climate change is disproportionately affecting these communities despite their doing the least to cause it, and the continent receives a mere 4% of global climate funding. This is the challenge. But there is also opportunity. Africa is positioned to fast-track its industrialization and growth through sustainable development, provided sufficient power volume at the right price point, reliably supplied.

Enter Chariot. Because as Africa moves towards a decarbonized future, we too have transitioned. Previously, Chariot was an oil group whose business was exploration for large offshore oil prospects. But with a change of management during the pandemic, we’ve switched up our portfolio, embracing gas developments as a stepping stone to zero carbon power and going further with green hydrogen and renewable projects. We’re taking on these game-changing energy works and seeing them through their entire lifecycle from conception to production and thereafter, emphasizing power supply to domestic markets but also looking internationally as Europe has opened up.

We have a very entrepreneurial team at Chariot and we hope to move fast, holding a significant first mover advantage in the green energy sector in Africa

We’ve got our flagship Anchois gas project off the Moroccan coast for which we recently raised $25.5 million and hope to make a final investment decision within 12 months, targeting first gas by the end of 2024. This will primarily supply Moroccan energy needs but also potentially export to Europe via a pipeline that goes from Morocco up into Spain. We’re also working with the mining sector across Africa. We’ve got an operational project in Burkina Faso providing 15MW in renewables to a gold mine there. We’re developing a 40MW solar project with a platinum mine in South Africa and most recently, we’ve landed a 430MW solar and wind project in Zambia.

Chariot’s 10GW Project Nour in Mauritania has the potential to become the largest green hydrogen export operation in Africa. Could you speak more to the project and its timeline?

Certainly. We recently announced that our pre-feasibility study had been completed on Project Nour greenlighting further development. We signed a memorandum of understanding with the Mauritanian government last year which gave us exclusive rights to a large acreage position for wind and solar power generation for which Mauritania is truly world-class. This 10GW of green power will drive the electrolysis splitting water to create the hydrogen which may then be converted to ammonia or used in green steel production. Our project will also help provide baseload power to the Mauritanian grid.

As for next steps, we’ll be running a full feasibility study which is likely to run over the next two years. Project Nour is a major development, potentially the largest green hydrogen project in Africa, so we’ll be tackling it in stages and building a world-class consortium of partners to see it through. All the right elements are there: a hungry domestic power grid and proximity to European markets, abundant solar and wind, and excellent government backing so we’re enthusiastic about the future of Project Nour, which is a uniquely cost-effective green hydrogen project.

The theme for this year’s MSGBC Oil, Gas & Power Conference is “The Future of Natural Gas: Growth Using Strategic Investment and Policymaking.” How can policymakers further support the future of gas in the energy transition?

What we need is for governments to recognize these renewables, gas and hydrogen works as projects of national significance- Mauritania does this. So too does Morocco, and we are very fortunate to have strong relationships with both governments. For instance, the end of last year with the rise of the Omicron variant saw many countries close their borders at a time when we were undertaking our gas drilling campaign offshore Morocco. But we worked with the government and managed through that partnership to get the 200 or so people we needed into the country and out to the rig, allowing work to be completed on time and on budget.

And finally, what can we expect to see from Chariot over the coming decade?

We have a very entrepreneurial team at Chariot and we hope to move fast, holding a significant first mover advantage in the green energy sector in Africa. In Morocco, there are lots of further low-risk gas prospects close to our current discovery which certainly could merit commercial extraction. We’ve got a long-term partnership with Total Eren allowing us to co-develop renewable projects with them for mines in Africa, taking a 15-49% share. And we may also look to expand into other industries beyond mining since energy is so intersectional, working directly with other industries  to bring them the power solutions they need to scale, and always working to write an ambitious narrative around Africa’s energy transition.

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

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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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2 days ago

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February 6, 2026

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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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3 days ago

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February 6, 2026

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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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3 days ago

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February 6, 2026

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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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