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Fund for Export Development in Africa (FEDA) membership expands as Senegal and Liberia accede, and Angola and Zimbabwe ratify the Establishment Agreement

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These latest milestones further strengthen FEDA’s growing membership and mandate across the continent and reflects its strategic importance to closing the equity funding gap on the continent

KIGALI, Rwanda, September 7, 2026/APO Group/ –The Fund for Export Development in Africa (FEDA), the equity investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has made significant progress in expanding its membership, with the Republic of Senegal and the Republic of Liberia acceding to the FEDA Establishment Agreement, and the Republic of Zimbabwe and the Republic of Angola ratifying the Agreement.

 




 
 

These latest milestones further strengthen FEDA’s growing membership and mandate across the continent and reflects its strategic importance to closing the equity funding gap on the continent.

The accession of Senegal and Liberia, which brings FEDA’s membership to twenty-four countries, together with the ratification of its Establishment Agreement by Zimbabwe and Angola, provides a stronger foundation for FEDA to support strategic industrial and critical mineral processing investment opportunities in these countries, including logistics, agro-processing, energy, manufacturing, financial services, and strategic mineral processing.

FEDA’s continued membership growth significantly expands the markets in which we can pursue our mandate and build stronger partnerships with governments and the private sector

FEDA’s expanding membership broadens the geographic scope of its interventions and strengthens its ability to deploy long-term domestic capital in support of transformative regional investments. The Fund provides equity, quasi-equity and other forms of patient capital to projects and businesses that advance economic diversification, regional integration and export development.

As FEDA continues to grow its continental footprint, the Fund will work closely with its member states to identify investment opportunities that combine strong commercial fundamentals with measurable development impact. This includes mobilising additional capital alongside FEDA’s own resources and building partnerships with public and private investors to increase the scale of investment available to African businesses and strategic projects.

Dr George Elombi, President and Chairman of both the Board of Directors of Afreximbank and FEDA, said: “These latest membership milestones demonstrate the growing confidence of African governments in the institutions they own and control and their commitment to building strong institutions capable of mobilising and deploying African capital for Africa’s development. As the Afreximbank Group pursues its African industrialisation agenda, FEDA’s equity and quasi-equity instruments will become critical to executing strategic industrial projects at national and regional levels. The growing membership of the fund will, therefore, help to catalyse such investments across the continent.”

Emmanuel Assiak, Chief Executive Officer of FEDA, said: “FEDA’s continued membership growth significantly expands the markets in which we can pursue our mandate and build stronger partnerships with governments and the private sector. Senegal, Liberia, Angola and Zimbabwe each offer compelling opportunities for investment across strategic sectors of their economies. We look forward to translating this expanded footprint into investments that strengthen local and regional value chains, support competitive African businesses and deliver sustainable economic impact.”

Over the past five years, FEDA has also significantly strengthened its investment capacity, with Afreximbank’s commitment increasing from US$100 million to US$1.3 billion, enabling the Fund to expand its investment activities across a broader range of regions and sectors.

Distributed by APO Group on behalf of Afreximbank.

 




 

Energy

African Energy Chamber (AEC) and DMWA Resources to Advance Advocacy, Advisory Discussion at African Energy Week (AEW) 2026

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African Energy Chamber

Africa’s energy policy and advisory leaders join African Energy Week 2026 in Cape Town

The African Energy Chamber (AEC) (https://EnergyChamber.org) and pan-African advisory firm DMWA Resources will bring policy advocacy and investment advisory expertise to African Energy Week (AEW) 2026, with Verner Ayukegba, Senior Vice President of the AEC, and Sebastian Wagner, Founder and President of DMWA Resources, confirmed as speakers.

The AEC has established itself as the continent’s leading energy advocacy organization, working with governments, investors and operators to shape the policy frameworks that drive investment into Africa’s energy sector. The Chamber’s advocacy spans regulatory reform, local content, trade policy and the defense of Africa’s right to develop its hydrocarbon resources. In 2026, the AEC applied to intervene at the African Court on Human and Peoples’ Rights in a climate-related proceeding, arguing that energy policy on the continent should be shaped by African institutions rather than external litigation. The Chamber also continues to publish its annual State of African Energy Outlook in partnership with S&P Global Commodity Insights, which assesses upstream activity, spending patterns and energy access gaps across the continent’s 54 markets.

 




  

Investment in African energy starts with getting the policy environment right

DMWA Resources is a pan-African energy marketing, advisory and commodities trading firm with operations spanning West, Central and Southern Africa. The firm advises national oil companies and multinational operators on upstream positioning, local content strategy and capital access, drawing on established relationships with producers and host governments across the continent. Wagner also serves as Executive Chair of the Germany Africa Business Forum (GABF), a private think tank founded in 2017 to connect German capital and industrial expertise with African energy and infrastructure opportunities.

Ayukegba’s dual role as AEC Senior Vice President and a director at DMWA Resources reflects the close link between advocacy and advisory work in Africa’s energy investment landscape, where securing the right policy conditions and connecting projects with capital partners remain closely linked priorities.

“Investment in African energy starts with getting the policy environment right,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “When you pair strong advocacy with advisory expertise that connects capital to opportunity, projects become bankable. That is the kind of leadership this platform brings together.”

AEW 2026, taking place in Cape Town from October 12-16, will provide a platform for the organizations shaping Africa’s energy investment environment to engage directly with policymakers, operators and financiers on the advocacy and advisory priorities driving the sector forward. To learn more and register as a delegate, visit https://apo-opa.co/4iRMcGN.

 

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Angola’s National Oil, Gas and Biofuels Agency (ANPG) Brings Angola’s Next Upstream Investment Cycle to Angola Oil & Gas (AOG) 2026

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Etu Energias

Angola’s upstream regulator will lead a senior delegation to AOG 2026 as the country targets new investment across mature assets and frontier basins under its Hydrocarbon Strategy 2025–2050

CAPE TOWN, South Africa, September 7, 2026/APO Group/ –Angola’s National Oil, Gas and Biofuels Agency (ANPG) will lead a high-level delegation to the Angola Oil & Gas (AOG) 2026 Conference and Exhibition as the country moves to translate its long-term upstream strategy into exploration, development and production growth.

The delegation will feature senior representatives including Executive Administrators Alcides Andrade, Artur Custódio, Nicola Mvuayi and Ana Miala, alongside Director of Exploration Lúmen Sebastião and Local Content Coordinator Maura Nunes. ANPG Chairman Paulino Jerónimo will lead the delegation, providing investors with direct access to Angola’s upstream regulator as the country promotes opportunities across mature and frontier provinces.

 




 
 

The ANPG’s participation comes at a pivotal moment for Angola’s upstream sector. With production at around 1.03 million barrels per day (bpd) in 2026, Angola is pursuing a dual-track strategy: maximizing recovery from mature producing assets while accelerating exploration across underexplored basins that could underpin the country’s next generation of projects.

Central to this push is Angola’s Hydrocarbon Strategy 2025–2050, which establishes the upstream vision, pillars and targets for the next 25 years. Built around six pillars, the strategy aims to make Angola’s upstream sector more competitive and attractive to investors while promoting technological innovation and greater development of the country’s natural resources.

In the near term, the strategy targets production above one million bpd through 2030, before increasing output to 1.2 million bpd during 2031–2040. Mature assets will form a key bridge to this growth. Angola is targeting field revitalization, well re-entry, new drilling and improved recovery rates, supported by measures including the 2024 Incremental Production Decree. Investment is already advancing at producing assets such as Block 32 and Blocks 3/05 and 3/05A, highlighting the remaining potential within established concessions.

At the same time, ANPG is creating opportunities to shorten development timelines and commercialize smaller discoveries through infrastructure sharing and subsea tiebacks. The Greater PAJ development, which reached FID in June 2026 and combines resources from Blocks 31 and 31/21 through shared infrastructure, demonstrates how cross-block development can unlock resources more efficiently.

Beyond mature acreage, Angola’s longer-term production outlook will increasingly depend on frontier exploration. The Hydrocarbon Strategy targets approximately 12.7 billion barrels of oil initially in place and five trillion cubic feet of gas in discovered or prospective resources through 2030, rising to approximately 20 billion barrels and 13 trillion cubic feet during 2031–2040. Angola plans to expand 3D seismic coverage and intensify exploration across the Kwanza, Namibe and Benguela Basins, alongside deeper Cretaceous and pre-salt opportunities in the Lower Congo Basin.

Momentum is already building. TotalEnergies and ExxonMobil secured four Namibe and Benguela blocks in 2026, Woodside Energy is pursuing studies across Blocks 25, 26 and 43, while Shell has partnered with Sonangol on Block 33. ANPG’s Permanent Offer Regime provides an additional route into the market, enabling investment in unawarded acreage, free areas within existing concessions and concessions held by the national concessionaire.

ANPG’s participation at AOG 2026 will therefore put both sides of Angola’s upstream proposition in focus: near-term barrels from established producing areas and longer-term growth from frontier exploration. As Angola moves from managing decline toward rebuilding production, AOG 2026 provides a platform for ANPG to connect available acreage, regulatory reforms and project opportunities with the capital and technical expertise needed to deliver the country’s next investment cycle.

Visit www.AngolaOilandGas.com for more information.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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Energy

Egypt’s Upstream Reset Gains Momentum as Tarek El Molla Joins African Energy Week (AEW) 2026

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African Energy Chamber

Egypt’s former Minister of Petroleum and Mineral Resources returns to the conference as the country accelerates upstream reforms, reopens acreage for exploration and strengthens its position as a strategic Mediterranean gas supplier

CAPE TOWN, South Africa, September 7, 2026/APO Group/ –Tarek El Molla. Founder & Principal Consultant at Luminant Energy Consultancy and Former Minister of Petroleum & Mineral Resources Egypt, will speak at the upcoming African Energy Week (AEW) Conference and Exhibition – the continent’s premier event for the energy industry. El Molla joins the conference at a time when Egypt is revitalizing its upstream strategy under efforts to address production decline, attract new exploration investment and reinforce its role as a strategic Mediterranean supplier.

 




 

In recent months, Egypt has been actively repositioning itself as a competitive upstream destination through a combination of exploration incentives, regulatory reform and expanded partnerships with international energy companies. These efforts align with goals to reach 6.6 billion cubic feet per day in production by 2027. Recent agreements and drilling campaigns signal renewed confidence in the country’s hydrocarbon potential, particularly offshore and in underexplored onshore basins.

Tarek El Molla helped position Egypt as one of the Mediterranean’s most strategically important gas markets

Just this month, the country signed an exploration agreement with TotalEnergies, establishing a framework for technical cooperation. The agreement reflects Egypt’s continued strategy of leveraging international partnerships to accelerate resource development while maximizing the value of its existing LNG and gas infrastructure. This comes as a wave of foreign investment is expected across the upstream sector in the coming years. International companies have committed more than $19 billion over the next three years, including Eni ($8 billion), bp ($5 billion), ARCIUS ($2 billion) and Apache Corporation ($4 billion).

To support production growth, the country has also approved two new petroleum laws aimed at accelerating hydrocarbon exploration in key offshore zones. Law No. 81 of 2025 covers the North Sinai offshore zone while Law No. 163 of 2025 focused on the East Al-Hamad area in the Gulf of Suez. Perenco and affiliates formalized a deal for the North Sinai zone, committing an initial $46 million to drill exploration wells. Dragon Oil signed a contract for the East Al-Hamad, with plans to invest between $30 million and $40.5 million to drill at least two wells. These moves aim to unlock new frontiers in the country, strengthening export resilience and long-term production metrics.

Egypt’s upstream revival is taking place against the backdrop of intensifying regional competition for investment and export market share. As Mediterranean and European buyers seek reliable supply partners closer to market, Egypt is positioning itself as both a producer and a regional processing hub capable of handling gas flows from across the Eastern Mediterranean.

“Tarek El Molla helped position Egypt as one of the Mediterranean’s most strategically important gas markets. Egypt’s renewed exploration drive and policy reforms are sending a strong signal to investors that the country is serious about increasing production, accelerating deal flow and strengthening its role in regional energy security,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

As Egypt expands exploration activity and strengthens its investment framework, AEW 2026 is expected to serve as an important platform for Egyptian authorities, operators and policymakers to connect with international investors and showcase new opportunities across the country’s upstream and gas sectors. Taking place from October 12-16 in Cape Town, the conference will bring together African energy leaders, global financiers and technology providers to shape the future of the continent’s energy industry.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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