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Gemcorp Capital Founder & Chairman to Speak at Angola Oil and Gas (AOG) 2023

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Gemcorp Capital

Atanas Bostandjiev, Founder and Chairman of Gemcorp Capital, will speak at the fourth edition of the Angola Oil & Gas conference, taking place in Luanda this September

LUANDA, Angola, August 8, 2023/APO Group/ — 

Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce that Atanas Bostandjiev, Founder and Chairman of UK-based investment group Gemcorp Capital, will speak at this year’s edition of the Angola Oil & Gas (AOG) (https://apo-opa.info/3PTENZ0) conference, taking place in Luanda from September 13-14.

Gemcorp Capital is an independent investment management firm focused on investing across sovereign and corporate emerging markets. Since its inception, the firm has made over $6 billion in investments across 25 emerging market countries, and has plans to invest a further $10 billion in Africa over the next decade.

As the Founder and Chairman, Bostandjiev is responsible for the overall management and strategy of the firm. With over 25 years’ experience in financial services, Bostandjiev leads the company towards its vision of connecting investors and stakeholders to growth opportunities in emerging markets, including Angola.

The firm has made several sizeable investments in Angola in recent years, including partnering with Angola’s state-owned Endiama Mining for the development of the Mulepe diamond deposit. Gemcorp Capital additionally secured a $189 million contract in December 2022 for the restructuring of Angola Telecom, the national telecommunications operator.

Recently, the firm – alongside partners the African Export Import Bank and the Africa Finance Corporation – announced the financial close of the Cabinda Oil Refinery with a $335 million project financing facility. Following its completion, the project will process 30,000 barrels of oil per day, meeting 10% of the country’s demand for refined petroleum.

Through persistent economic, legal and social reforms, Angola has continued to attract new foreign direct investment and international development

According to Bostandjiev, Angola Gemcorp’s main geography for investment, Angola accounts for a significant amount of the Fund’s revenue stream.

“Through persistent economic, legal and social reforms, Angola has continued to attract new foreign direct investment and international development, and we at Gemcorp are excited to be a part of this story. This is why, unlike most funds, we have set up shop on the ground in Angola, and our local company is contributing to local job creation and economic development,” he says, adding that “One stand-out in-country example for us is our recent financing of the new Cabinda Oil Refinery, which will increase the country’s energy security and reduce Angola’s reliance on oil imports.”

He further notes that beyond the success of the oil industry, Angola has much to offer foreign investors in other sectors. Recent government reforms in mining, telecommunications and finance have been instrumental in attracting investments from several multinational companies, including Africell, Rio Tinto, Anglo-American and De Beers, some even with financing made available from us at Gemcorp.

“These are generally exciting times for emerging markets due to high interest rates and inflation experienced in developed countries. These underlying conditions will ultimately help to close the financing gap for emerging markets and lead to an economic boom in the Global South,” he states.

Bostandjieve highlights that Gemcorp is participating in the conference due to its role as a major player in the oil sector in Angola and Sub-Saharan Africa.

“We are the primary shareholder of the first oil refinery to be built in Angola since colonial times, whose phase one is expected to launch at the end of 2024. Additionally, this would be Gemcorp’s second investment into oil refinery capabilities for African countries, being also a shareholder in the Conex Petroleum Refining Company in Liberia. As such, we are very excited to share our insights with colleagues and explore future opportunities in the region.”

Devi Paulsen-Abbott, ECP CEO says: “We are looking forward to hosting Atanas Bostandjiev during this year’s AOG 2023 conference. Gemcorp has a long-history of making impactful investments in Angola and represents a strong partner for companies across the entire energy value chain. GeThe company’s investments in Angola align with the country’s efforts to expand refining capacity and accelerate economic diversification, and as such, the firm’s insights will be highly valued at the conference this September.”  

AOG 2023 takes place under the auspices of Angola’s Ministry of Mineral Resources, Oil and Gas and in partnership with the National Agency for Oil, Gas and Biofuels, the Oil Derivatives Regulatory Institute, national oil company Sonangol and the African Energy Chamber. The event unites regional and global oil and gas players under the theme, ‘Energy Security, Decarbonization and Sustainable Development. Visit www.AngolaOilandGas.com for more information.

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

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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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