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Energy Chamber Strongly Endorses the Central Africa Business Energy Forum

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3 years ago

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Energy Chamber

The African Energy Chamber strongly supports the Central Africa Business Energy Forum as the event moves to maximize investment towards oil and gas exploration and production in pursuit of eradicating energy poverty once and for all

JOHANNESBURG, South Africa, September 6, 2022/APO Group/ — 

In 2022, it is imperative for Africa to prioritize regional cooperation and collaboration if the continent is to realize its goal of making energy poverty history by 2030. For both producing and non-producing nations, tackling the energy crisis together will not only ensure everyone on the continent has access to electricity but that a new era of socioeconomic growth is ushered in, an era that brings new levels of job creation, industrialization and energy security.

In pursuit of regional cooperation, the African Energy Chamber (AEC) is proud to officially endorse the upcoming Central Africa Business Energy Forum (CABEF), which takes place from September 8 – 9, 2022, in Doula, Cameroon. Under the theme, “Building Oil and Gas Infrastructure to End Energy Poverty in Central Africa by 2030”, this year’s edition of CABEF will unite the Central African sub-region’s energy players and policymakers to discuss the challenges and opportunities within the region’s burgeoning hydrocarbon sector.

Comprising massive oil and gas resources, Central African Economic and Monetary Community (CEMAC) countries have exceptional energy production potential. However, due to aging infrastructure and the low level of investment across the entire oil and gas value chains, energy access rates in the region have remained low and economic growth restricted. In 2022, as CEMAC countries aim to reverse this trend, forums such as CEBAF 2022 will be key, as it represents the best platform where discussions will be held on how to boost investment for optimal oil and gas exploration and production and make energy poverty history once and for all.

We hope to see discussions around improved cooperation among CEMAC countries to address key energy sector barriers including a lack of financing and infrastructure gaps

While driving regional cooperation is key, the lack of adequate investments across the entire oil and gas value chain, as well as the unproductive and investment-deterring forex rules introduced by the Bank of Central African States continue to restrain energy trading and monetization, as well as the flow of energy investments into the region. Unless addressed, these policies will prevent any meaningful progress of making energy poverty history. With CEBAF 2022 representing the official meeting place where regional energy leaders can discuss challenges such as those these policies bring, the AEC is strongly advocating for the revision of these policies to ensure sustainable development and cross border trading of energy resources.

“With CEMAC countries targeting to achieve universal access to electricity as well as energy independence and security, the region’s vast yet untapped oil and gas resources not only provide an opportunity to realize these goals but will be key for improving regional energy security and socioeconomic growth,” states NJ Ayuk, the Executive Chairman of the AEC, adding that, “CABEF presents an ideal platform where CEMAC leaders can discuss investment deals with both continental and international parties, paving the way for industry growth and optimal utilization of local resources for GDP growth. We hope to see discussions around improved cooperation among CEMAC countries to address key energy sector barriers including a lack of financing and infrastructure gaps across the upstream, midstream and downstream sectors.”

With Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, launching the landmark Central African Pipeline System (CAPS) at MSGBC Oil, Gas & Power 2022 last week, a new era of regional market growth is on the horizon. For mature producers such as the Republic of the Congo and Equatorial Guinea, CAPS will connect these countries to regional markets, while for emerging producers such as Gabon, Cameroon, Central African Republic and Chad, the opportunity to tap into new reserves while strengthening their own hydrocarbon exports. With the introduction of CAPS – expected to be presented at CABEF by relevant energy ministers – new opportunities for job creation, increased youth participation and local service company involvement awaits.

“It is imperative, now more than ever, to have a region with a pipeline. CAPS aims to do just that, connecting the resource-rich region while bringing new opportunities for youth in energy. For CEMAC and the African continent as a whole, improving the participation of youth will be key for addressing energy poverty and driving socioeconomic growth,” Ayuk continued.

The opportunities introduced by CAPS will only be further driven by the suite of oil companies active in the region.

Regional and international players to the likes of TotalEnergies, ExxonMobil, Perenco, bp, Vaalco, Eni, BW Offshore, Kosmos Energy, Tower Resources, and Chevron, with an already strong foothold in the region, represent key partners for regional producers. Driving exploration campaigns, bringing online new production platforms while improving infrastructure developments and exports, these companies have and continue to strengthen the Central African energy sector. Now, as the region consolidates its position as a leading oil and gas market, the ongoing commitment of these companies will be integral for unlocking the future of Africa’s energy sector.

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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2 days ago

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February 6, 2026

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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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2 days ago

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February 6, 2026

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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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2 days ago

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February 6, 2026

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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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