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GOIL to Commission Additional 12,000 Metric Tons of Liquefied Petroleum Gas (LPG) Storage Capacity in Ghana

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LPG

Limited LPG infrastructure is a barrier for distribution to end-users across the continent

CAPE TOWN, South Africa, October 7, 2025/APO Group/ –GOIL PLC, Ghana’s leading oil and gas marketing company, is planning to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacity in the next year, anchored by a $50 million investment.

Speaking during a panel at Africa Energy Week (AEW): Invest in African Energies 2025, Edward Abambire Bawa, Group CEO and Managing Director of GOIL PLC, said the company was spearheading a transformative expansion in LPG storage capacity to address growing domestic demand and to strengthen the country’s energy security.

Guided by the 2024 baseline consumption of 340 million kilograms of LPG sold nationally, this strategic expansion aims to bridge critical supply gaps where current storage capacities only cover two to three weeks of national demand. “This storage limitation is a challenge and a prime investment opportunity. Expanding infrastructure is fundamental to unlocking the full monetisation potential of LPG, benefiting producers, distributors, and end consumers alike,” Bawa added.

GOIL’s recent initiatives demonstrate a broad commitment to infrastructure development. This includes the launch of multiple Autogas stations across five regions nationwide, including Accra and Kumasi. Additionally, the inauguration of a polymer-modified bitumen terminal in Tema aims to support related energy needs. The company’s distribution network spans across Ghana, servicing diverse consumer segments while maintaining sustainable growth and investment partnerships.

We currently see about 350,000 metric tons of LPG consumed annually, with peak demand reaching 550,000 metric tons in winter and summer months

The company recognizes the challenges presented by limited LPG infrastructure, especially in rural areas. It is committed to expanding access through well-designed policies, greater investment, and innovative business models, including digital payment solutions that cater to household cash flows.

“Our research at GECF highlights that LPG is a critical component within the broader narrative of gas’s role in sustainable development. Monetising gas is not simply about producing greater volumes but about creating value along the entire supply chain. This encompasses production through storage, transportation, distribution, and finally reaching the household consumer. In Africa particularly, market creation and capacity development are two sides of the same coin,” said Mohammed Amin Naderian, Head of Energy Economics & Forecasting Department from the Gas Exporting Countries Forum (GECF).

“We caution against mistaking policy as the solution itself. Policy acts as a catalyst to break poverty and energy poverty traps, accelerating monetisation through industrialisation and job creation for Africa’s youth. However, if policies are poorly designed or inconsistent, they risk market distortions or abrupt collapses. Stable, well-designed, and transparent regulations are essential to reduce investment risks and create predictable futures for investors and consumers alike,” he added.

Sebastian Wagner, Managing Partner at DMWA Resources, citing successful experiences in countries like Rwanda, stressed the importance of stable regulations, transparent investor incentives, and innovative business models like digital payments to match household cash flows. He further highlighted the ongoing efforts to integrate LPG into Africa’s broader energy transition. “LPG often flies under the radar compared to LNG, but it is gaining momentum through well-structured investments and government partnerships aimed at reducing gas flaring and capturing value.”

Speaking from a South African perspective, Sesakho Magadla, CEO, PetroSA, noted, “LPG demand in South Africa is largely driven by population growth and energy demand increases, yet infrastructure development continues to lag behind. We currently see about 350,000 metric tons of LPG consumed annually, with peak demand reaching 550,000 metric tons in winter and summer months.

“New investments in reverse flow pipelines and terminals in Durban is therefore aimed at unlocking the capacity needed to meet national demand. But it is only through public and private sectors collaborating closely, with projects like SANPC and Avedia Energy, that we will improve LPG importation and distribution capacity for improved market stability and access.”

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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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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