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Galp Energies’ Adriano Bastos to Make Case for Sustainable, Efficient Energy Mix at African Energy Week (AEW) 2023

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At African Energy Week, Adriano Bastos, Head of Upstream Special Projects at Galp Energies, will share valuable insights on the company’s sustainable operations in Africa’s energy sector

JOHANNESBURG, South Africa, August 10, 2023/APO Group/ — 

To unlock the full potential of Africa’s oil and gas resources, the continent requires innovative approaches to exploration, production and energy mix integration. Companies such as Galp Energies, a Portuguese multinational energy corporation, continue to make great strides across Africa’s promising hydrocarbons basins while expanding activities across the downstream and midstream segments. During this year’s African Energy Week (AEW) conference – taking place from October 16-20 in Cape Town – Adriano Bastos, Head of Upstream Special Projects at Galp Energies, will be taking the stage as a distinguished speaker, providing insight into the company’s sustainable upstream agenda.

With an extensive career in the energy sector, Bastos brings a wealth of knowledge and expertise to the table. As Head of Upstream Special Projects at Galp Energies, he has played a pivotal role in shaping the energy landscape and fostering sustainable solutions in the industry, and during AEW 2023, Bastos will delve into Galp Energies’ recent developments, including its latest venture in the Orange Basin, offshore Namibia. Through a strategic contract with maritime logistics firm SFL Corporation, Galp Energies will be utilizing the Hercules semi-submersible rig to explore the Petroleum Exploration License (PEL) 83, known for its significant prospectivity and relatively shallow water depth. The potential of PEL-83 positions it to become one of the most substantial and profitable developments in Namibia.

Meanwhile, in Angola, Galp Energies is set to sell its assets and stakes in the country’s upstream sector through an agreement with Angolan private equity firm Somoil, projecting an impressive $830 million. This transaction is expected to crystalize value from mature upstream assets and support the high grading of Galp Energies’ upstream portfolio, aligning with the company’s decarbonization strategy. Galp Energies’ strategic divestment aligns with the company’s vision to streamline its hydrocarbon portfolio amidst favorable market conditions and further reinforces its commitment to responsible growth and sustainability within the energy sector.

Regarding its commercial activities in Angola, Galp concentrates its oil product marketing activity through two main companies: Petrogal Angola – a subsidiary of Galp Energies dedicated to the distribution and marketing of lubricants in the Angolan market – and Sonangalp – a joint venture between Galp Energies (49%) and Sonangol (51%). Sonangalp focuses on the distribution and marketing of liquid fuels and lubricants in both the retail and wholesale segments.

Galp Energies transformative approach and key innovation projects sets a remarkable example for the industry

Committed to the energy transition and carbon neutrality, the company has been leading key innovation projects and energy management solutions. This includes Agrivoltaics, a concept that combines solar energy production with agriculture, as well as energy storage projects, which are crucial for managing grid variability. Additionally, Galp Energies is involved in piloting technologies and developing software solutions to optimize renewable generation value. The company is also involved in cutting-edge commercial projects, such as the V2G project in Portugal and the Sensei Pod, Europe’s first autonomous store.

Moreover, Galp invests in Carbon Capture, Utilization, and Storage (CCUS) technologies to reduce CO2 emissions and combat climate change, as well as the development of Green Hydrogen technologies. These solutions demonstrate Galp Energies dedication to a sustainable and greener future, contributing to global efforts in energy transition and carbon neutrality.

“Galp Energies continues to be a driving force in Africa’s energy sector, showcasing its commitment to sustainability. With its strategic divestment in Angola’s upstream sector and its latest ventures in the Orange Basin, Galp Energies has exemplified its dedication to responsible growth and sustainable practices,” states NJ Ayuk, Executive Chairman of the AEC, adding that “Galp Energies transformative approach and key innovation projects sets a remarkable example for the industry, and we look forward to witnessing the positive impact of its contributions in Africa’s energy landscape.”

During AEW 2023, Bastos will provide key insight into the company’s recent upstream developments while engaging with a suite of investors and project developers from across the African energy sector. From participating in panel discussions to meeting with African energy and petroleum ministers, Bastos is set to bring new insight to the AEW 2023 conference.

 AEW is the AEC’s interactive exhibition and networking event uniting African energy stakeholders, driving industry growth and development, and promoting Africa as the destination for African-focused events. For more information about sponsorship, attendance, and partnership opportunities, visit www.AECWeek.com

Distributed by APO Group on behalf of African Energy Chamber.

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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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Debate

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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CLG

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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ITFC

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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