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Equatorial Guinea to Launch EG Ronda 2026 Licensing Round at African Energy Week (AEW) 2025 Amid Surge in Upstream Investment

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African Energy Chamber

Equatorial Guinea will launch its new EG Ronda 2026 licensing round at this year’s AEW: Invest in African Energies 2025 conference, offering new acreage, world-class fiscal terms and major investment opportunities in upstream oil and gas

CAPE TOWN, South Africa, September 3, 2025/APO Group/ –Equatorial Guinea will launch its highly anticipated EG Ronda 2026 licensing round at this year’s African Energy Week (AEW): Invest in African Energies, taking place from September 29 to October 3 in Cape Town. The licensing round takes place Monday 29 September and forms part of the country’s broader strategy to revitalize its upstream sector, attract new investment and unlock exploration and production opportunities offshore. The licensing round will be officially unveiled during a high-level session – Equatorial Guinea’s New Exploration Drive – at AEW: Invest in African Energies 2025, led by Antonio Oburu Ondo Minister of Hydrocarbons and Mining Development, Equatorial Guinea. During this session, detailed geological data will be presented, offering investors insight into the structure, stratigraphy and prospectivity of Equatorial Guinea’s offshore basins.

 

In preparation for EG Ronda 2026, the Ministry of Hydrocarbons and Mining Development has partnered with U.K.-based Searcher Seismic on a $60 million program to acquire and reprocess 2D and 3D seismic data across uncharted acreage. The initiative aims to provide prospective investors with high-quality datasets, de-risking exploration and highlight frontier potential across Equatorial Guinea’s offshore basins. By offering robust technical data packages, the government seeks to boost competitiveness, restore investor confidence and strengthen long-term energy security.

AEW: Invest in African Energies 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. 

The licensing round comes at a pivotal moment for Equatorial Guinea, with a series of recent developments underscoring renewed international interest in the country’s oil and gas sector.

In June 2025, energy major ConocoPhillips transported its inaugural LNG cargo from the Punta Europa facility, advancing the country’s flagship Gas Mega Hub initiative. Following its 2024 acquisition of Marathon Oil, ConocoPhillips now holds interests in the Alba Unit and Block D, securing long-term participation in both gas and liquid development. This company is also undergoing an infill drilling campaign in Alba Block, Independent operator Trident Energy continues to deliver strong results from Block G – home to the Ceiba and Okume fields – where it holds a 40.375% operated stake. In late 2024, the company brought online its first infill well and is enhancing subsea integrity through a digital twin solution developed with Canadian technology firm Enaimco. Upstream oil company Kosmos Energy, a partner in Block G with a 40% participating interest, recently completed an exploration drilling campaign and is reprocessing seismic data with advanced technology to high-grade future opportunities. Both companies are focused on sustaining production while de-risking future development, reinforcing Equatorial Guinea’s status as a hub for upstream investment.

EG Ronda 2026 represents a major step in unlocking Equatorial Guinea’s offshore and onshore potential

Oil and gas company Panoro Energy has also expanded its footprint with the signing of a production sharing contract (PSC) for Block EG-23, in partnership with Equatorial Guinea’s national oil company (NOC) GEPetrol. The shallow-water block covers 600km2 and holds an estimated 104 million barrels of oil and condensate and 215 billion cubic feet of gas in contingent resources. Panoro Energy is initially undertaking subsurface studies before moving into exploration drilling, highlighting the untapped potential of Equatorial Guinea’s offshore acreage.

Meanwhile, hydrocarbon exploration company Vaalco Energy is advancing development of Block P, which holds the Venus discovery and over 20 million barrels of recoverable oil. With a final investment decision expected soon, the project is targeting first oil in 2026 and peak output in 2028. The entry of Vaalco Energy to Equatorial Guinea marks another milestone in the country’s drive to restore production growth.

Multinational energy corporation Chevron entered Equatorial Guinea by acquiring Noble Energy. This major recently signed two new PSCs for Blocks EG-06 and EG-11, representing a $2 billion investment with GEPetrol. Located near the Zafiro field, the blocks include deepwater acreage and a prior discovery at Avestruz-1. The agreements underscore the renewed confidence of international majors in Equatorial Guinea’s resource base and fiscal environment, as the country positions itself for a new era of exploration-led growth.

As the country’s NOC, GEPetrol is driving the transformation of Equatorial Guinea’s upstream sector through strategic partnerships, deepwater field redevelopments and targeted operational advancements. By optimizing legacy assets, accelerating exploration and implementing technical innovations, the company is aiming at boosting production, strengthening operational efficiency and reinforcing its position as a premier national operator. Equatorial Guinea’s offshore geology is characterized by deepwater and shallow-water sedimentary basins rich in hydrocarbons. The region features a mix of Tertiary and Cretaceous reservoirs, with proven structural traps and complex stratigraphic plays. Significant potential exists in both proven fields and underexplored frontier acreage, particularly in the deepwater areas, where high-quality reservoirs and source rocks create exploration targets for oil and gas development.

On the regulatory side, Equatorial Guinea is focused on being highly competitive on a global scale.  Essential regimes have just gone or are going under a revision for optimization. The oil and gas companies were very instrumental to the recent reform of the Tax Regime, as well as the reform of the Labor Regime. The reform of the Petroleum Regime is said to be active by the end of the year 2025.

“EG Ronda 2026 represents a major step in unlocking Equatorial Guinea’s offshore and onshore potential. It will attract leading investors, drive exploration and stimulate sustainable growth. We are committed to offering world-class fiscal and regulatory terms to support this development” states Minister Ondo.

“Against this backdrop of heightened activity, EG Ronda 2026 will serve as the official platform to unlock the next wave of investment and exploration success in Equatorial Guinea. The licensing round offers new acreage opportunities to explore proven and innovative plays in modest water depths, with world-class fiscal packages and increasingly attractive terms. By offering improved and competitive fiscal frameworks alongside high-quality exploration potential, EG Ronda 2026 will launch the next era of exploration success when Equatorial Guinea will become, again, a global exploration and commercial hotspot for the industry.”

Click here (https://apo-opa.co/4nb9GWi) for your exclusive invitation to EG Ronda 2026.

Distributed by APO Group on behalf of African Energy Chamber.

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Afreximbank Backs DOTT Services Limited, Uganda with a US$28 Million Facility for Regional Engineering, Procurement and Construction (EPC) Projects

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The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains

CAIRO, Egypt, November 4, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has activated and approved a US$28 million dual-tranche facility for DOTT Services Limited, the leading Uganda-based engineering, procurement and construction (EPC) contractor, and has begun disbursing funds to support the execution of its EPC projects pipeline, valued at more than US$550 million.

 




 
 

Provided under Afreximbank’s EPC Contract Promotion Initiative, the facility is designed to strengthen the capacity of African EPC champions to secure and execute large-scale infrastructure projects across the continent. Specifically, the financing will support DOTT Services Limited in executing contracts and pursuing near-term opportunities valued at approximately US$550 million across Uganda, Tanzania, Kenya and the Democratic Republic of Congo.

Commenting on the transaction, Mr. Humphrey Nwugo, Director of Regional Operations at Afreximbank’s Eastern Africa office, said:

Through the initiative, the Bank provides support, including financing, twinning and matchmaking

“This facility reflects Afreximbank’s commitment to building strong African EPC champions capable of delivering the infrastructure that underpins Africa’s industrialisation, trade and economic integration. By supporting DOTT Services Ltd, a well-established regional contractor with operations across five African countries, we are addressing a critical financing gap that has historically constrained the ability of African firms to participate meaningfully in large-scale, cross-border infrastructure projects.

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains. It also advances Afreximbank’s EPC Contract Promotion Initiative, which seeks to increase African participation in the development and delivery of Africa’s infrastructure.

Through partnerships such as this, we are ensuring that greater value, expertise, employment opportunities and economic benefits are retained within Africa while fostering the emergence of globally competitive African contractors.”

Mr. Nwugo further noted that most local commercial banks lacked the capacity to support intra-African and regional projects because they were poorly placed to absorb the associated cross-border risks, while international banks tended to prioritise non-African contractors. As a result, African entities were often left without adequate financial support.

He said: “Afreximbank’s EPC Initiative was therefore designed to address this challenge by supporting African EPC contractors in securing and executing a greater share of infrastructure contracts across the continent. Through the initiative, the Bank provides support, including financing, twinning and matchmaking, as well as issuing letters of support, among others”, he explained.

DOTT Services Limited presence in Africa spans 28-years, with operations in Uganda, Tanzania, South Sudan, Zambia, and the Democratic Republic of Congo (DR Congo). It also has European offices in Italy and the UK, and a workforce of over 6,000 people. The company procures from, and distributes to, African countries goods such as bitumen, asphalt, steel and spare parts, as well as yellow goods equipment and services, making it a significant player in intra-African trade. Its track record of promoting trade-supporting infrastructure across the continent makes it a natural partner for Afreximbank’s EPC Contract Promotion Initiative, which seeks to build African EPC champions capable of delivering the infrastructure that underpins intra-African trade.

Distributed by APO Group on behalf of Afreximbank.

 

 




 

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Coca-Cola Beverages Africa (CCBA) invests in Africa’s leadership potential through EDGE

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Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business

JOHANNESBURG, South Africa, November 4, 2026/APO Group/ –Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) (https://www.CCBAgroup.com) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort.

 




 
 

Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from The Coca-Cola Company, the programme was further expanded in 2026 to include leaders from Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, creating a broader pan-African learning experience across the Coca-Cola system.

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business.

The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system

The graduating cohort represented leaders from multiple countries and business functions. Through classroom learning, business projects, mentoring and coaching, participants gained practical experience in addressing real business opportunities and challenges.

With CCBA serving more than 840,000 customers across Africa, the company requires leaders who can navigate complexity and create value in diverse markets. EDGE helps build these capabilities through practical, business-focused learning.

“People are at the heart of everything we do, and programmes like EDGE demonstrate our commitment to investing in their growth and future success,” said Natasa Prodanovic, Chief People and Culture Officer at CCBA.

“The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system. By learning alongside colleagues from The Coca-Cola Company, Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, participants were able to build meaningful connections, share diverse perspectives and strengthen collaboration across our markets.”

The curriculum focused on strategy, value creation, transformation, commercial decision-making, leading self and leading teams. Participants also presented business projects aligned to organisational priorities as part of the programme’s graduation requirements.

EDGE forms part of CCBA’s broader commitment to developing future leaders and building the capabilities needed to drive sustainable growth and impact across Africa.

Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

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The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped

ST. JOHN’S, Antigua and Barbuda, November 3, 2026/APO Group/ –Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda.

 




  

The report, Reshaping Africa-Caribbean Trade: Opportunities for Economic Transformation, (https://apo-opa.co/4eiz62u) finds that while Africa and the Caribbean share deep historical and cultural links, trade between the two regions continues to represent only a small share of each region’s overall trade, despite complementarities across sectors ranging from agribusiness and manufacturing to services and the creative economy.

A look at the numbers

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped, with are significant opportunities for export growth if trade and investment is actively promoted and facilitated.

Africa and the Caribbean must transform a shared history into shared prosperity

Caribbean export potential lies in the services sector, reaching $481 million. The report identifies business opportunities across several priority sectors, including processed food and animal feed, chemicals, minerals and metals, apparel and textiles, leather and footwear, tourism, transport services and creative industries.

These findings – and more – are based on trade and export potential analysis, detailed sector assessments and a survey of 1,175 businesses and business support organizations across Africa and the Caribbean.

Tapping into priority sectors

ITC Executive Director Pamela Coke-Hamilton (https://apo-opa.co/3WHHZMU), in launching the report, said: ‘At a time of major shifts in global trade, countries need to strengthen regional ties and invest in value addition, to build resilience. We know the major trade opportunities between Africa and the Caribbean – and now we can focus on helping businesses take advantage of those opportunities through better market intelligence, improved logistics and greater access to finance.’

Commenting on the report, Denys Denya, Senior Executive Vice President at Afreximbank, said: ‘Africa and the Caribbean must transform a shared history into shared prosperity. With our CARICOM office in Barbados, about $1 billion in approved transactions and a $5 billion regional financing commitment, Afreximbank is advancing this vision through financing, deposit mobilization under CENDEP, business links through the annual Afri-Caribbean Trade and Investment Forum, local-currency payments through CAPSS and creative-industry collaboration through CANEX. This report offers a practical roadmap to turn untapped potential into bankable opportunities across agribusiness, manufacturing, tourism and the creative economy. Through targeted financing, stronger transport and logistics links and strategic partnerships, we can build a Global Africa connected by heritage, trade, investment and shared opportunity.’

The report finds that businesses continue to face significant challenges, including high transport costs, limited direct shipping links, regulatory barriers, limited access to finance and difficulties in identifying trusted commercial partners. It highlights that future economic cooperation should extend beyond traditional trade in goods, including through joint investment ventures, digital services, creative industries and tourism. It also calls for targeted action to improve market intelligence and business matchmaking; expand access to trade finance and payment solutions; strengthen transport and logistics connectivity; support sector-specific value chain development; improve regulatory cooperation and market access; and foster stronger partnerships among business support organizations.

Read the full report HERE (https://apo-opa.co/4exHBH9)

Distributed by APO Group on behalf of Afreximbank.

 




 

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