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Five Key Licensing Rounds Coming Up in the MSGBC Region

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MSGBC

As the MSGBC gas rush gathers steam, five offshore licensing rounds are set to transform the region – (By Elllit Connor)

DAKAR, Senegal, June 22, 2022/APO Group/ — 

By Elllit Connor, Energy Capital & Power’s Field Editor for the MSGBC region (https://EnergyCapitalPower.com/)

To be featured in a flagship roundtable forum at the MSGBC Oil, Gas & Power Conference 2022 (https://bit.ly/3zV8HnJ) this September, every one of the MSGBC Basin’s nations – Mauritania, Senegal, The Gambia, Guinea-Bissau, and Guinea-Conakry – have executed active offshore licensing rounds or have confirmed plans to do so this year.

To date, about 9 billion barrels of oil equivalent has been discovered in the region and with many nations launching their first major licensing rounds, exploration is set to increase exponentially in the coming decade and production will likely follow.

Active in the region are several international oil majors namely, Australia-listed, FAR; supermajors Shell, TotalEnergies, Exxonmobil and bp; London-listed, Harbour Energy (previously, Premier Oil); Norway’s PetroNor; Iraq’s Star Oil; China’s Addax Petroleum; Malaysia’s Petronas; America’s Kosmos Energy; Algeria’s Sonatrach; London-listed, Capricorn Energy and; Ireland’s Tullow Oil – the latter two currently in the process of merging.

For the lucrative region, the 2022 event will attract a slate of investors, new and established from across the globe – new licensing opportunities luring international oil companies (IOCs) to the table for this unprecedented year for both the region and industry. On this note, here is what you need to know about the latest licensing rounds across the MSGBC region.

Mauritania (https://bit.ly/3zV8HnJ)

About 9 billion barrels of oil equivalent has been discovered in the region and with many nations launching their first major licensing rounds

A partner of Energy Capital & Power (https://EnergyCapitalPower.com/) for the event, Mauritania’s National Oil Company (NOC), La Société Mauritanienne des Hydrocarbures (SMHPM) has released a record 28 new offshore blocks for bidding this year, numbered 1 through 36 and surrounding the existing C-7, C-8, C-10, C-12, C-15 and C-31 blocks operated by bp, Capricorn Energy, Shell and TotalEnergies. The country’s known megafinds include over 20 trillion cubic feet (tcf) of natural gas in C-8’s BirAllah and Greater Tortue Ahmeyim (GTA) fields.

Senegal

Senegal’s Ministry of Petroleum and Energy launched its first major offshore licensing round with twelve blocks in early 2020, set to be followed by a second potentially larger round this year whose details await announcement– likely by the end of July. A regional industry leader, Senegal has seen over 160 exploration wells drilled with a hydrocarbons sector stretching back to the mid-1980s. Its notable reserves discovered in the past decade include 500 million barrels of oil at Woodside’s Sangomar field, 15 tcf of natural gas at bp’s GTA (shared with Mauritania), and 20 tcf of natural gas at bp’s Yakaar-Teranga.

The Gambia (https://bit.ly/39GqIeU)

The Gambia is approaching its second major licensing round – six blocks are already active, to be followed by five offshore blocks and two onshore blocks set for release this year. Bidding for these new blocks is expected to see interest from international megafirms following the announcement by FAR of a potential 1.5 billion barrels of oil unearthed in Gambian blocks A2 and A5, earlier this year. FAR is currently farming down its stake in this discovery, further opening up the field.

Guinea-Bissau

Guinea-Bissau’s Ministry of Energy, Industry and Natural Resources has recently opened up five blocks for bidding, under a special deep water tender round – noting that the Basin’s largest oil reserves in Senegal and The Gambia have been discovered in these comparable deep-water zones. Since national law states that no single operator may operate more than three blocks domestically, this development flags a key opportunity for a diversification of the current slate of oil majors in-country, across its 11 active blocks. Whilst early-stage drilling has not revealed any mega reserves to date, both oil and gas are known to be present, with fields mapped containing up to 100 million barrels of oil.

Guinea-Conakry

The most nascent player in the region’s hydrocarbons surge, Guinea-Conakry has seen five wells drilled to-date with no commercially viable oil or gas uncovered. However, with bidding terms being finalized on a 22-block licensing round, the country is now positioned for growth in partnership with a suite of megafirms currently entering the country to continue HyperDynamics and TotalEnergies’ earlier works. Under Precept 3 of the nation’s Natural Resource Charter, renewed exploration is a key priority for Guinea-Conakry, having already doubled its national petroleum budget in 2019, as a promising move towards expanding beyond the 55,000km2 territory, already covered.

Distributed by APO Group on behalf of Energy Capital & Power. Find out more energy news

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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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