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Driving Energy Development: African Energy Week (AEW) 2025 to Explore the Role of International Oil Companies (IOCs) in Africa

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African Energy Week

International oil companies are driving Africa’s energy growth through new discoveries, investments and collaborations, with this year’s African Energy Week: Invest in African Energies conference paving set to facilitate partnerships in the industry

CAPE TOWN, South Africa, March 3, 2025/APO Group/ –International oil companies (IOCs) active across Africa’s energy sector are delivering on a promise to support economic growth, job creation, capacity building and knowledge sharing. Within the past month alone, energy major bp and its partner Harbour Energy started production at the second phase of the Raven development, offshore Egypt, while Italian supermajor Eni contracted Chinese engineering firm Hilong Offshore Engineering to deliver transportation and installation works for two wellhead platforms at the Congo LNG project.

Through investments in exploration, production and infrastructure, IOCs assist in maximizing the full potential of Africa’s vast oil and gas resources while fostering capacity-building programs and local partnerships. This year’s African Energy Week (AEW): Invest in African Energies 2025, taking place on September 29-October 3, will bring together industry leaders, policymakers and investors to explore new opportunities in oil and gas, deepening exiting partnerships and facilitating deals that strengthen the role of IOCs in Africa’s energy sector.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

A New Era in Exploration and Production

Amidst the backdrop of a new era in exploration and production in Africa, exploration company Impact Oil & Gas recently announced the successful completion of drilling at the Tamboti-1X exploration well in Block 2913B, offshore Namibia while independent company Custos Energy announced the completion of supermajor Chevron’s farm-in to PEL 82. On the heels of an IOC-led exploration blitz in Namibia, which resulted in a string of major discoveries, the country has become a hotspot for hydrocarbon investment, with first production set for 2029.

International oil companies are at the forefront of Africa’s energy transformation, driving growth through strategic investments and new discoveries

Exploration company Pancontinental Energy recently announced its focus on two hydrocarbon leads – Oryx and Hyrax – within the Saturn Complex of PEL 87 in Namibia’s Orange Basin. Meanwhile, exploration firm ReconAfrica has found oil indications at its Naingopo exploration well, located onshore Namibia within the Damara Fold Belt. Other recent developments include energy corporation Galp’s discovery at the Mopane-2A well, independent equity producer Azule Energy’s farm-in agreement for offshore Block 2914A and QatarEnergy’s acquisition of a 27.5% working interest in Block 2813B.

Azule Energy – a joint venture (JV) between Eni and bp – also plays an important role in growing Angola’s hydrocarbons industry. In February this year, the IOC completed the Quiluma and Maboqueiro offshore platforms, contributing to the development of Angola’s first non-associated gas project. To support decarbonization in Angola, Azule Energy awarded a two-year contract last September to software company Opsealog to enhance environmental performance across its offshore supply vessel fleet in the country.

Advancing Collaboration with NOCs

Collaboration between IOCs and national oil companies (NOCs) fosters economic growth by creating jobs, developing infrastructure and generating revenue through oil and gas projects. A JV between Chevron and the Nigerian National Petroleum Corporation resulted in the discovery of oil in the Niger Delta in October last year. In May last year, energy major TotalEnergies, along with its Block 20/11 partners Petronas and Sonangol announced FID at the Kaminho deepwater project in Angola.

TotalEnergies and China National Offshore Oil Corporation are working with the Ugandan and Tanzanian NOCs to develop the 1,443-km East African Crude Oil Pipeline – due to come online in 2026. Meanwhile, collaboration among Mauritania’s NOC SMH, Senegal’s NOC Petrosen, bp and Kosmos Energy led to the start of LNG production at the Greater Tortue Ahmeyim project in early-2025. Petrosen also developed the Sangomar Oilfield alongside Woodside Energy, achieving first production in 2024. Such partnerships continue to drive projects forward in Africa, highlighting the role IOCs play in Africa’s oil and gas industry.

“International oil companies are at the forefront of Africa’s energy transformation, driving growth through strategic investments and new discoveries. These companies are not only delivering on their promise to support economic development, job creation and knowledge sharing, but also unlocking the vast potential of Africa’s resources. With events like African Energy Week 2025 serving as a pivotal platform for deal-making and partnership building, the continent is entering a new era of exploration and production,” says Sergio Pugliese, Executive President for the African Energy Chamber in Angola.

Distributed by APO Group on behalf of African Energy Chamber.

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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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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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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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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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