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China-Africa Energy Investment and Cooperation to be Showcased at Investor Forum in Shanghai

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Invest in African Energy

Taking place March 13, 2025, the Invest in African Energies investor forum will explore new opportunities for Chinese companies in Africa

SHANGHAI, China, February 18, 2025/APO Group/ –The African Energy Chamber (AEC) (https://EnergyChamber.org) – serving as the voice of the African energy sector – will host the Invest in African Energies investor forum in Shanghai on March 13, 2025. The forum will focus on building stronger China-Africa relations, while opening new avenues for Chinese producers, investors and equipment suppliers to expand their footprint across the continent.

Taking place at the Westin Bund Center in Shanghai, the investor forum builds on a series of impactful investor forums hosted globally. The forum will highlight emerging investment opportunities in Africa, while highlighting the role Chinese firms can play in driving projects forward. As part of the visit, the AEC will also be meeting with government officials, state companies, private companies and entrepreneurs encouraging greater collaboration between Africa and China across the oil and gas, mining and renewable sector.

China has become Africa’s largest bilateral trading partner in the last 20 years, with trade volumes amounting to $282 billion (2023). Primary commodities such as fuel, mineral products and metals represent three-fifths of Africa’s exports to China, while Chinese firms continue to expand their presence across the continent. Chinese exploration and production companies are already showing strong signs of increasing investment in Africa. Wing Wah, for example, is pioneering an integrated natural gas project in the Republic of Congo, designed to boost gas monetization and reduce previously-flared resources. Over three phases, the $2 billion Bango Kayo conventional block will produce 30 billion cubic meters of associated gas over a 25-year period.

Africa is wide open for energy business with Chinese companies, especially with the G20 coming to Africa this year

The state-owned China National Offshore Oil Corporation (CNOOC) also has a strong presence across the continent. In Angola, the company is exploring investment opportunities, visiting the country in 2024 to discuss the deepwater Block 24. In East Africa, CNOOC is developing the East African Crude Oil Pipeline alongside TotalEnergies and the respective national oil companies of Uganda and Tanzania. At a cost of $5 billion, the 1,443-km pipeline will connect Uganda’s Kingfisher and Tilenga oilfields to Tanzania’s Port of Tanga. The pipeline will come online in 2026. CNOOC has also partnered with the Tanzania Petroleum Development Corporation to explore deep-sea Block 4/1B and 4/1C and is considering investing in South Sudan’s Blocks 3 and 7. In West Africa, CNOOC is conducting wildcat drilling at Blocks BC-9 and BCD-10.

The China National Petroleum Corporation (CNPC) is also investing heavily in upstream oil and gas projects. These include the Coral South FLNG development in Mozambique’s Area 4, which exported its first LNG cargo in 2022. CNPC also signed a $400 million crude oil supply agreement in 2024 with the government of Niger, with the company selling crude from its Agadem field. The CNPC is developing a 1,980km pipeline connecting the Agadem Rift Basin in Niger to Benin’s Atlantic Oil Terminal. These are just some of the many projects underway by the CNPC in Africa. Chinese independent United Energy Group (UEG) is on track to double its Egyptian output following the acquisition of Apex International Energy’s Western Desert portfolio. The project will increase UEG’s production by 22,100 barrels per day. UEG currently holds 5 concessions in Egypt’s Western and Eastern Deserts.

In addition to exploration and production firms, Chinese equipment suppliers and service providers are supporting the development of oil and gas projects in Africa. Construction firm China National Chemical Engineering, for example, is supporting the development of Angola’s Lobito Refinery – poised to be the largest in the country with 200,000 barrels per day capacity. The company has also expressed interest in supporting the development of Nigeria’s $20 billion Ogidigben gas project in Delta. Through the Belt and Road Initiative, China is encouraging further participation by Chinese equipment suppliers and infrastructure developers in Africa. The initiative seeks to create trade corridors across the continent, offering new opportunities for cross-border collaboration.

“China has proven that it is a strong partner for Africa. From upstream oil and gas projects to downstream infrastructure developments to renewable energy, power facilities and transportation corridors, Chinese firms are eager to support African development. The forum will build on this interest to connect Chinese firms to African projects,” states NJ Ayuk, Executive Chairman of the AEC.

“Africa is wide open for energy business with Chinese companies, especially with the G20 coming to Africa this year and African Energy Week will play a lead role as the home of G20 Africa energy investments. We continue to encourage innovation and investment in our energy sector and encourage African states to move faster on creating a business climate where businesses of any type and size can grow and thrive, in our continent,” concluded Ayuk.

The forum serves as a prelude to the African Energy Week (AEW): Invest in African Energies conference, returning for its next edition from September 29 to October 3 in Cape Town. As the largest energy event on the continent, AEW 2025 seeks to drive a new wave of investment into African energy projects. As one of the continent’s biggest trade and finance partners, China’s role in driving projects forward will be discussed during the conference.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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