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Congo’s Natural Gas and Marginal Fields Thrive: Hydrocarbons Minister Highlights Prospects at African Energy Week Paris Forum

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African Energy Week

With African Energy Week 2023 fast approaching, Congo’s Hydrocarbons Minister H.E. Bruno Jean-Richard Itoua provided insight into the various gas and marginal field opportunities on offer in the country

PARIS, France, June 5, 2023/APO Group/ — 

The Invest in African Energy Forum in Paris, organized by the African Energy Chamber in partnership with Rystad Energy and Afreximbank, centered on strengthening Africa-Europe relations while advancing investment in untapped energy opportunities across the continent. During the forum on Thursday, a presentation delivered by the Republic of the Congo’s Hydrocarbons Minister, H.E. Bruno Jean-Richard Itoua, provided insight into the country’s gas and marginal field opportunities, laying the foundation for discussions and deals during the African Energy Week (www.AECWeek.com) conference, scheduled for 16-20 October in Cape Town.

Representing one of Africa’s top four producers, efforts are underway to spur new investment in exploration and production in the Congo’s two sedimentary basins, as new commitments to decarbonization, global demand for gas, and marginal field opportunities spur interest from investors. The Congolese government is looking at boosting investments and developments across marginal fields, and is paying particular attention to LNG and natural gas development.

“Over the last two years we have rekindled the oil economy nationally … Following all this we decided to make gas our new challenge when it comes to hydrocarbons … I am delighted today to see that all companies in Congo have relaunched oil operations – more than $10 billion has been committed. Exploration has started anew and production is going up,” said the Minister.

Requiring careful planning, risk management and tailored strategies, marginal fields, despite their unique challenges, offer newfound opportunities regarding energy security, revenue generation and economic development. Considering the scale and complexity of operations, the Congo has put in place several incentives aimed at spurring investment.   

The Congolese government is looking at boosting investments and developments across marginal fields, and is paying particular attention to LNG and natural gas development

“We urge companies to come. We would like to have a range of companies and players in the oil industry in the Congo so we have a diversity of skills … If you are interested, come to see us, there is a lot to offer. There are onshore licenses coming up and some of them are extraordinary,” said H.E. Itoua.

“This promotion of marginal fields is indended to build up partnerships with companies and build up local companies and help them expand. To do that we need the right legal and tax framework. The hydrocarbons code of 2016 is currently being revised … We are looking at every detail to take away all obstacles.”

Meanwhile, under the Gas Master Plan – a strategy designed to promote gas utilization while attracting foreign investment – opportunities for E&P players have grown steadily. Upstream, ten trillion cubic feet of gas resources continues to attract a strong slate of players.

The country’s mid- and downstream markets are seeing significant growth. Projects such as the Litchendjili Gas Project are opening up opportunities for gas-to-power; the deployment of additional floating liquefied natural gas (LNG) facilities – part of the Marine XII block offshore Congo – are positioning the country as a major player in the global LNG market. The Congo LNG project, planned to have nine platforms, two floating LNG units, 12 subsurface pipelines and 44 new wells, is a keystone project in Congo’s ambitious gas strategy – aiming to fulfil global demand while contributing to decarbonization globally and locally.

All this and more will be further unpacked during AEW 2023, with a Congolese delegation travelling to Cape Town to showcase investment opportunities, network with regional and global players, and sign new deals that will unlock the full potential of the gas and marginal field markets. Join AEW 2023 and be part of the African energy renaissance. 

Distributed by APO Group on behalf of African Energy Week (AEW).

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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Business

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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