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Gabon to Introduce Dual Legal Framework to Replace 2019 Hydrocarbon Code

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Gabon

Gabon is separating its existing Hydrocarbons Code into a dedicated Oil Code and Gas Code, strengthening regulatory oversight and improving the business climate

CAPE TOWN, South Africa, October 3, 2025/APO Group/ –Gabon’s Minister of Oil and Gas, Sosthène Nguema Nguema, announced that the country will introduce a dual legal framework to replace its 2019 Hydrocarbons Code. Speaking at the Invest in Gabon Energies Roundtable – sponsored by the Ministry of Oil and Gas of Gabon – at African Energy Week (AEW): Invest in African Energies 2025, Nguema explained that by separating the code into a dedicated Oil Code and Gas Code, the country aims to strengthen transparency and regulatory oversight, thereby attracting new investment across the sector.

“The discoveries we have had and the geological research we have undertaken are all revealing the potential that Gabon holds. The government is committed to implementing a legal framework that allows you to be comfortable in exploring,” stated Nguema.

By separating the existing Hydrocarbons Code, the country is creating a more investment-friendly environment for foreign operators. Duplex Yockot, Director General of Economic, Legal Affairs and Petroleum Data Management, Ministry of Oil and Gas, Gabon, explained that, “The new Oil Code builds on the existing Hydrocarbons Code and will deal with legal aspects associated with the industry. The Gas Code will contain terms that allow us to secure foreign investment in the gas industry.”

These regulatory amendments come as the country implements clear goals to reach 200,000 barrels per day in oil and gas production. Preye Angaye, Executive Director Infrastructure and New Business, Century Group, underscored the value of these objectives. He said, “The goals in the country are very clear and this is something that will encourage any potential investment. Gabon has developed a framework that is functional and supports investments.”

The government is committed to implementing a legal framework that allows you to be comfortable in exploring

In tandem with the new codes, Gabon is advancing seismic research with the aim of improving the geological understanding of the country’s basins. Michel Mouba, Senior Advisor at the Ministry of Oil and Gas, Gabon, explained that “We have undertaken subsurface studies to understand the basin. When it comes to discoveries that have not been developed yet, today, we are wanting to promote these opportunities. We have data – which is key.”

With a renewed mandate to drive Gabon’s oil and gas industry, Gabon Oil Company (GOC) continues to spearhead upstream developments. The company is advancing both mature field redevelopment as well as frontier exploration campaigns, positioning itself as the national driver of oil and gas production.

“Gabon Oil Company has a goal to enhance production and revenue for the government. We need to look forward and that is through exploration. We have a strong advantage as the national oil company and will assist, partner and drive projects [forward] in Gabon,” stated Emery Lepo, Business Strategy Director, GOC.

State-owned Assala Gabon, an affiliate of Assala Energy, continues to deliver stable oil production from its portfolio of onshore assets. With an emphasis on asset rejuvenation, the company has successfully extended field life through enhanced recovery methods, drilling campaigns, and infrastructure upgrades.

Edgar Mba Ognane, Managing Director, Assala Gabon, highlighted upcoming exploration strategies, “We have an ambitious drilling and workover program. We have two workover rigs operating at our assets and we are mobilizing a second drilling unit to monetize all the resources in the ground. We are finalizing the drilling plans, and N’Gongui – a marginal field – will be producing in Q1, 2026. We will also drill an exploration well in 2025.”

For French oil company, Maurel & Prom, Gabon represents a cornerstone of its upstream portfolio. The company produces approximately 16,000 barrels of oil per day and has invested heavily in modernizing production infrastructure. Recent efforts to optimize recovery rates at key onshore blocks underscore Maurel & Prom’s long-term commitment to Gabon’s hydrocarbon sector.

“Gabon has a huge petroleum potential, so it’s important to develop all of this. Gas will become a very important element in the hydrocarbon mix in Gabon. You also need to include communities in the exploration and production projects. We work closely with Gabonese collaborators, bringing them into projects,” shared Olivier de Langavant, CEO, Maurel & Prom.

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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