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European Union (EU) Launches Invest4Libya to Strengthen Public Finance and Drive Digital and Green Investment in Libya

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Libya

The project adopts a holistic approach to support efficient and transparent public financial management, modernize financial markets, and stimulate private sector growth

TRIPOLI, Libya, February 9, 2026/APO Group/ –The Ministry of Finance, the Delegation of the European Union to Libya, the Embassy of France in Libya, and Expertise France (www.ExpertiseFrance.fr) officially inaugurated the Invest4Libya project today. An initiative designed to strengthen Libya’s financial governance, improve its investment climate, and boost the performance and inclusiveness of the country’s MSME and entrepreneurship ecosystem.

 

The project adopts a holistic approach to support efficient and transparent public financial management, modernize financial markets, and stimulate private sector growth, particularly in green and digital entrepreneurship, laying the foundation for sustainable and inclusive economic recovery in Libya.

“Invest4Libya represents an important step in advancing public financial management and strengthening Libya’s economic foundations,” said H.E. Dr. Khaled Almbarouk, Minister of Finance. “By improving transparency and supporting private sector development, this initiative aligns with our national priorities. We value our partnership with the EU and look forward to the positive outcomes this collaboration will bring.”

Invest4Libya represents an important step in advancing public financial management and strengthening Libya’s economic foundations

Invest4Libya stands as a key milestone of the EU’s ongoing support for Libya’s economic and institutional development. Funded primarily by the European Union, with additional support from the French government, the project is implemented by Expertise France and structured around three strategic pillars:

  • Public Financial Management Reform: Supporting the Ministry of Finance and Audit Bureau to improve fiscal transparency, spending efficiency, and accountability.
  • Financial Sector Governance & Modernization: Strengthening regulatory frameworks to promote financial inclusion and the integration of digital and green finance into national policy, with the collaboration of the Central Bank of Libya and the Ministry of Planning.
  • Entrepreneurship & MSME Support: Developing Libya’s private sector by empowering incubators, accelerators, and MSMEs and linking them to investors, expertise, and enabling policies.

Together, these three pillars form a cohesive national effort that links high-level policy reform with on-the-ground implementation. Anchored by core partners such as the Ministry of Finance, the Central Bank of Libya, and the Audit Bureau, and implemented in close cooperation with the Ministry of Planning, the Ministry of Higher Education and Scientific Research, and the Ministry of Environment, the project also engages public and research institutions, private sector bodies, and business incubators to ensure broad institutional alignment and national impact.

“Creating a strong investment environment is essential for economic recovery and sustainable growth. Invest4Libya represents a major advance in the partnership between the European Union and Libya. By supporting reforms in public finance and financial governance and improving conditions for investment, this project reaffirms the EU’s dedication to empowering the Libyan private sector and supporting Libya’s economic development and diversification,” said H.E. Mr. Nicola Orlando, Ambassador of the European Union to Libya.

“Expertise France has been privileged to support Libya’s economic development for the past 10 years. With Invest4Libya, we are excited to form new partnerships and continue our collaboration with Libyan institutions to advance public financial management and empower the private sector. This initiative is vital to strengthening institutional capacity and supporting entrepreneurs, particularly in the green and digital sectors, who are driving innovation and helping shape a thriving Libyan economy” commented Mr. Maxime Bost, Programs Director of Expertise France in Libya.

Building on the successes of previous governance and digitalization efforts, the project bridges policy reform with actionable outcomes to ensure that improved financial oversight leads to tangible growth for startups and small businesses. By removing regulatory obstacles and empowering local incubators, this collaborative partnership serves as a vital step in modernizing the national economy and unlocking Libya’s potential for a more digital, diversified, and inclusive future.

Distributed by APO Group on behalf of Expertise France.

Business

Utilities urged to close the performance gap in smart meter programmes

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Improved revenue collection, accurate billing and clearer visibility of consumption remain persistent challenges for organisations that have invested in smart metering infrastructure

CAPE TOWN, South Africa, May 12, 2026/APO Group/ –Smart meters have already been deployed across many utilities and municipalities, yet the expected returns are still not being fully realised.

 

Improved revenue collection, accurate billing and clearer visibility of consumption remain persistent challenges for organisations that have invested in smart metering infrastructure.

To address this gap, ESI Africa, part of VUKA Group, and GridLens Energy will host a live webinar titled “Maximising smart meter returns” on Tuesday, 2 June 2026 from 14:00 to 15:00 SAST.

The webinar will take a practical look at where smart metering programmes underperform after deployment and what utilities, municipalities and energy users can do to improve outcomes from systems already in place.

Across the sector, common challenges include underutilised data, poor system integration, revenue leakage, billing inaccuracies and limited operational visibility. For many organisations, the issue is not whether to invest in smart metering, but how to extract measurable performance from the investment already made.

The session will bring together experts from GridLens Energy, Drakenstein Municipality and eThekwini Municipality to unpack the technical, financial and operational barriers that prevent smart metering programmes from delivering their full value.

Webinar details

Title: Maximising smart meter returns
Date: Tuesday, 2 June 2026
Time: 14:00 to 15:00 SAST
Registration: https://apo-opa.co/4dCRUcD

Expert speakers

  • Carson Dean, Founder, GridLens Energy
  • Hilton Smith, Chief Accountant: Water and Electricity Billing, Drakenstein Municipality, South Africa
  • Sindisiwe Shozi, Chief Engineer, eThekwini Municipality, South Africa

Key discussion points will include:

  • Why smart meter programmes often fail to deliver expected returns
  • Where value is lost across data, systems and operations
  • How to improve billing accuracy and reduce revenue leakage
  • The role of integration and interoperability in improving performance
  • Practical approaches to extracting more value from existing deployments

The webinar is designed for utilities, municipalities, metering teams, billing departments, revenue managers, infrastructure decision-makers, large commercial and industrial energy users, technology providers and system integrators.

Smart metering investment has already been made. The priority now is performance.

Register for the webinar here:
https://apo-opa.co/4dCRUcD

Distributed by APO Group on behalf of VUKA Group.

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Energy

Global Energy Bodies Converge at African Energy Week (AEW) 2026 to Shape the Continent’s Energy Future

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From electrification to refining resilience and exploration strategy, leading international alliances will bring a systems-level approach to Africa’s evolving energy landscape at African Energy Week 2026

CAPE TOWN, South Africa, May 11, 2026/APO Group/ –As Africa accelerates efforts to balance energy security, industrial growth and decarbonization, African Energy Week (AEW) 2026 will convene a powerful cohort of global associations whose work is increasingly defining the trajectory of the continent’s energy systems. The participation of Nikki Martin, President & CEO of EnerGeo Alliance; Anibor Kragha, Executive Secretary of the African Refiners & Distributors Association (ARDA); and Carol Koech, Vice President for Africa at the Global Energy Alliance for People and Planet (GEAPP), signals a shift toward deeper coordination across the full energy value chain – from subsurface data and upstream investment to downstream infrastructure and universal energy access.

 

EnerGeo Alliance, under Martin’s leadership, has been advancing the role of geoscience and data-driven exploration in de-risking investments across frontier markets. Its recent strategic engagements, including partnerships supporting renewed exploration activity in countries such as Libya, reflect a broader push to bring technical rigor and investor confidence back into African upstream sectors. By strengthening the link between subsurface intelligence and policy decisions, EnerGeo is helping governments position their resources more competitively in a capital-constrained global market.

 

Complementing this upstream focus, ARDA has been at the forefront of reinforcing Africa’s downstream resilience. At its 2026 annual conference, the association underscored energy security as a top priority, with refiners across the continent moving to shield themselves from global market volatility and supply disruptions. This comes as Africa continues to expand refining capacity and reduce dependence on imported petroleum products, a shift that is critical not only for economic sovereignty but also for stabilizing domestic energy markets. ARDA’s work increasingly intersects with broader industrialization goals, positioning refining and distribution networks as key enablers of growth.

 

The participation of organizations like EnerGeo Alliance, ARDA and GEAPP reflects the increasing alignment we are seeing across the global energy landscape

Bridging these traditional energy systems with the continent’s long-term transition ambitions is GEAPP, where Koech leads the organization’s Africa strategy. The alliance has rapidly emerged as a central force in mobilizing blended finance for large-scale electrification and renewable deployment. In 2026, GEAPP and its partners surpassed $100 million in commitments to support Mission 300 – an initiative aimed at connecting 300 million Africans to electricity by 2030 – while simultaneously working to unlock far greater flows of public and private capital. Through technical assistance, project development and market-shaping interventions, GEAPP is helping translate high-level ambition into bankable projects across nearly two dozen countries.

 

“African Energy Week has always been about bringing together the right partners at the right time,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The participation of organizations like EnerGeo Alliance, ARDA and GEAPP reflects the increasing alignment we are seeing across the global energy landscape. These are institutions that are not only shaping policy and investment, but actively delivering solutions on the ground – and their engagement at AEW 2026 will be instrumental in advancing Africa’s energy ambitions.”

 

As AEW continues to evolve into a platform for integrated energy dialogue, the inclusion of these global associations reinforces its role as a convening point for the partnerships that will define Africa’s next phase of growth. Their participation reflects the growing recognition that Africa’s energy future cannot be addressed through fragmented approaches, but through coordinated action across sectors, institutions and geographies.

Distributed by APO Group on behalf of African Energy Chamber.

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From Megawatt (MW) to Gigawatt (GW): Why Africa Must Think in Grid-Scale Power to Compete in the Artificial Intelligence (AI) Economy

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As AI infrastructure drives power demand into the gigawatt range, Africa must move beyond incremental energy planning – placing grid-scale generation at the center of discussions at African Energy Week 2026’s AI and Data Center Track

CAPE TOWN, South Africa, May 11, 2026/APO Group/ –The rapid expansion of artificial intelligence is fundamentally reshaping global energy demand, with implications that extend well beyond traditional power planning. Nowhere is this more apparent than in the growing energy footprint of data centers. Facilities that once required tens of megawatts are now being developed at 100–200 MW scale, with hyperscale campuses increasingly aggregating demand into the gigawatt range.

 

This shift presents a structural challenge for Africa. While the continent is rich in energy resources, its planning frameworks remain largely oriented around incremental, megawatt-scale additions – often tied to localized demand or short-term capacity gaps. In the context of AI-driven infrastructure, this approach is increasingly misaligned with the scale and concentration of future demand.

Africa’s data center sector, while growing, remains at an early stage. Operational capacity currently stands at approximately 300–400 MW, with projections reaching 1.5–2.2 GW by 2030. At the same time, demand is accelerating rapidly: electricity consumption from data centers is rising at 20–25% annually and is expected to reach around 8,000 GWh in the near term. This growth mirrors a broader global surge, with data center power demand projected to approach 945 TWh by 2030, driven largely by AI workloads.

This is ultimately about aligning Africa’s energy strategy with where global demand is heading

What distinguishes AI-related demand is not only its scale, but its concentration and consistency. Unlike many traditional industrial loads, data centers require uninterrupted, high-quality power, often with built-in redundancy. This places new demands on grid design, prioritizing stability, capacity and long-term scalability over incremental expansion.

Meeting these requirements will require a departure from conventional planning models. Rather than adding capacity in small increments, there is a growing case for developing gigawatt-scale generation aligned with emerging digital infrastructure hubs. This means integrating power generation, transmission and data center development into coordinated investment strategies, particularly in markets with strong resource bases and improving regulatory environments.

It also requires a shift in how excess capacity is viewed. In many African power systems, surplus generation has historically been treated as a financial inefficiency. In the context of AI and digital infrastructure, however, maintaining a margin of available capacity can enhance grid stability, reduce outages and provide the flexibility needed to support rapid load growth, while creating a foundation for broader industrial development.

A useful benchmark can be seen in Northern Virginia, the world’s largest data center market, where installed capacity has now exceeded 4 GW and more than 1 GW of new supply was added in a single year, reflecting the rapid pace at which hyperscale infrastructure is being deployed. Driven by major cloud and AI players, demand has tightened the market significantly, with vacancy rates approaching zero and most new capacity released well in advance. The scale and speed of development highlight how quickly data center demand is expanding – and underscore the level at which infrastructure must be planned.

These dynamics are increasingly shaping the policy conversation. At African Energy Week 2026, the AI and Data Center Track will focus on the infrastructure required to support this transition, with a particular emphasis on aligning energy planning with digital economy objectives. As AI infrastructure scales, reliable and abundant power is no longer a supporting factor, but a prerequisite.

“This is ultimately about aligning Africa’s energy strategy with where global demand is heading,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “If we continue to plan in megawatts, we will struggle to compete in an economy that is already moving at the gigawatt scale. Building larger, more resilient power systems is not just about meeting demand – it is about creating the conditions for investment, innovation and long-term growth.”

Distributed by APO Group on behalf of African Energy Chamber.

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