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EnerGeo Alliance Champions Gas as South Africa’s Transition Fuel of Choice

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EnerGeo

Leveraging science, technology and a data-driven approach, the EnerGeo Alliance positions natural gas as South Africa’s premier transition fuel in its latest policy brief

JOHANNESBURG, South Africa, July 3, 2024/APO Group/ — 

In its latest natural gas policy brief, global trade association EnerGeo Alliance has positioned natural gas as the premier transition fuel for South Africa, citing its reduced carbon emissions, scalability and cost competitiveness. The African Energy Chamber (AEC) (www.EnergyChamber.org)– as the voice of the African energy sector – supports these data-driven findings and calls for greater foreign investment in Africa’s natural gas prospects.

South Africa’s power supply remains in urgent need of diversification away from aging coal- and diesel-powered plants. While the country is looking to renewables to diversify its power mix and alleviate load shedding, the brief identifies natural gas as the ideal transition fuel to achieving a low-carbon future and meeting the demands of South Africa’s rapidly growing population and economy. According to the report, countries that use gas as a source for power generation have seen their electricity supply grow approximately three times faster in the past decade than those without gas. The Chamber has long advocated for the exploration and development of Africa’s natural gas resources – of which the continent holds over 620 trillion cubic feet – and commends EnerGeo Alliance for championing its expanded role in the energy mix.

The AEC supports the EnerGeo Alliance in positioning gas as critical to South Africa’s energy independence and low-carbon future

With member companies spanning more than 50 countries, EnerGeo Alliance brings together the global geoscience industry to discover, develop and deliver alternative energy and low-carbon energy solutions that meet growing energy demand. Natural gas emits 50-60% less carbon dioxide, rendering it a relatively clean energy source able to meet power demand reliably and at scale. Gas also serves as a critical feedstock for the production of fertilizers and petrochemicals, as well as a source of process heat in energy-intensive industries, creating the potential to decarbonize heavy industry. According to the World Economic Forum, a tripling of sub-Saharan Africa’s power consumption using natural gas would only correspond to a one percent increase in global carbon emissions.

Natural gas also represents the most cost-effective pathway to energy security for South Africa and the continent at-large. It can provide both base load and backup power – whereas solar and wind power present intermittency problems – and is more cost-competitive as a base load supply than nuclear. According to the policy brief, large-scale discoveries like Brulpadda-Luiperd, the offshore Orange Basin and shale reserve prospects in the Karoo Basin suggest that South Africa could not only meet its power demand through domestic gas resources, but also stimulate broader economic development through regional gas exports.

EnerGeo Alliance highlights South Africa’s promising reserves in Mossel Bay and the Orange River Basin, as well as shale gas in the Karoo Basin, for further upstream investment. Through advanced seismic survey, upstream geoscience and data generation activities play a key role in identifying potential gas reserves, de-risking exploration and reducing the environmental footprint associated with gas exploration and extraction. Major investment is also needed across South Africa’s midstream and downstream sectors, including regional transmission pipelines, gas storage facilities and gas-to-liquids, regasification and LNG plants. While the construction of gas-fired power plants is already underway at Coega, Richards Bay and Saldanha Bay, new projects are needed to boost South Africa’s gas availability and reliability.

“The AEC supports the EnerGeo Alliance in positioning gas as critical to South Africa’s energy independence and low-carbon future. The science confirms this, and the bottom line confirms this. More capital must flow to African upstream and integrated gas projects, and we must support the geoscience community so that natural gas exploration is no longer seen as a risk, but as a given,” says NJ Ayuk, AEC Executive Chairman. 

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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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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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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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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