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CLG Enters Libyan Market through Strategic Collaboration with Zahaf & Partners

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Libya

The companies signed an agreement in Libya this weekend, signaling the start of a strategic partnership aimed at strengthening legal, tax, regulatory and business advisory in Libya

SANDTON, South Africa, January 27, 2026/APO Group/ –Pan-African law and advisory firm CLG (https://CLGGlobal.com) signed a collaboration agreement with Libyan legal firm Zahaf & Partners this weekend, outlining a strategic partnership for long-term professional cooperation. Signaling CLG’s entrance into the Libyan market, the agreement aligns with the company’s broader North African expansion strategy, while underscoring growing international confidence in Libya’s energy and investment landscape.

Under the terms of the agreement, the two firms will collaborate on legal, tax, regulatory and business advisory mandates in Libya, with a strong focus on energy, infrastructure, finance and investment-related projects. The strategic partnership is structured to support both inbound international investors and domestic stakeholders seeking to navigate Libya’s evolving legal and regulatory environment while advancing commercially viable projects.

Over the years, CLG has established itself as a renowned legal practice, with over 300 attorneys and advisors active across 50 countries worldwide. Alongside its Lawyer-on-Demand service, the firm operates across Africa, providing legal and advisory services covering mergers and acquisitions, oil and gas negotiations, project finance and banking, debt collection, labor and dispute resolution. Markets include South Africa, Nigeria, the Republic of Congo, South Sudan, Germany, Mauritius, Ghana, Cameroon, Equatorial Guinea and Namibia. Core practice areas include energy and infrastructure, mining, metals and natural resources, agriculture and agro-allied industries, ESG and sustainability, corporate and commercial, among others.

As such, the collaboration brings together CLG’s extensive pan-African experience across energy, infrastructure, natural resources, tax, regulatory advisory and cross-border transactions with Zahaf & Partners’ deep-rooted expertise in Libyan law, regulatory frameworks, tax advisory and domestic business advisory services. Together, the firms aim to deliver integrated legal and advisory solutions for public and private sector clients operating in Libya.

Partnering with CLG strengthens our ability to support complex projects while ensuring that solutions are grounded in Libyan law and practice

The agreement also comes at a pivotal time for Libya, as rising production, renewed investment and strengthened global ties mark a new era for the country’s energy development. On the back of its latest licensing round – launched in 2025 and set to close in February 2026 – the country is welcoming significant capital into its upstream market, with a proposed second licensing round building on investor momentum. In 2026, investors continue to expand their exploration and production portfolios, with the country on track to reach 1.6 million barrels per day by year-end.

Major projects are also advancing. The Bahr Essalam gas compression project targets a Q1 2026 start, Eni’s $8 billion Structures A&E Project will begin operations in 2027 while a 25-year oil development agreement signed by TotalEnergies, ConocoPhillips and the National Oil Corporation – backed by $20 billion in foreign-financed investment – will provide an 850,000-bpd boost for the country’s hydrocarbon sector. Other active operators are also advancing developments, supporting the country’s broader goals of reaching 2 million bpd in oil production. These include Repsol and OMV. Service providers have also begun strengthening their portfolios, with companies to the likes of Baker Hughes, SLB, ADC and more delivering innovative oilfield services.

Beyond hydrocarbons, both Libyan and international players are advancing developments in renewable energy, power and downstream infrastructure, supporting the country’s broader diversification efforts and strengthening Mediterranean interconnections.  As the country continues to rebuild institutional capacity and attract international capital, the CLG-Zahaf & Partners collaboration positions both firms at the forefront of legal and advisory services supporting the country’s next phase of economic development.

“This agreement brings together international experience and local insight at a time when Libya is actively seeking to unlock investment across key sectors. Partnering with CLG strengthens our ability to support complex projects while ensuring that solutions are grounded in Libyan law and practice,” stated Mahmud Zahaf, Managing Partner, Zahaf & Partners.

Beyond transactional collaboration, the agreement sets out a broad framework for long-term professional cooperation. This includes joint participation in the pursuit and execution of projects across the public and private sectors, professional training and capacity building initiatives, and the transfer of legal, regulatory and commercial know-how between teams. The firms will also work together on legislative, regulatory and policy-related assignments, comparative law and regulatory studies, and the issuance of joint legal briefings, publications and client alerts.

“Signing this collaboration in Libya is highly symbolic. It reflects our confidence in the market and our commitment to working alongside strong local partners to deliver value-driven, compliant and commercially sound advisory services. Zahaf & Partners’ reputation and expertise make them an ideal partner as CLG expands its footprint in North Africa,” added Oneyka Cindy Ojogbo, Managing Partner, CLG.

CLG is listed on the Open Market of the Düsseldorf Stock Exchange in Germany.

Distributed by APO Group on behalf of CLG.

 

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

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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CLG

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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ITFC

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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