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Guinea-Conakry Emerges as West Africa’s Next Oil & Gas Frontier

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Energy Capital

Under the leadership of national oil company SONAP, Guinea-Conakry is positioning itself as the next frontier in West Africa’s oil and gas sector, with new blocks and investment reforms underway

DAKAR, Senegal, October 28, 2025/APO Group/ –Guinea-Conakry, long known as one of the world’s leading bauxite exporters with nearly 100 million tons shipped in the first half of 2025, is now positioning itself as an emerging player in West Africa’s oil and gas sector. Geologically, the country lies within the MSGBC basin (Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry), a frontier region attracting growing attention for its hydrocarbon potential.

Neighboring Senegal and Mauritania have already achieved significant milestones: Senegal produced its first oil in June 2024 from Woodside’s Sangomar field, while both countries began gas production in late 2024 from bp and Kosmos Energy’s Greater Tortue Ahmeyim field. As the region establishes itself as a strategic energy frontier, Guinea-Conakry is advancing its regulatory framework, seismic studies and investor outreach to capitalize on this momentum.

Geological Potential for Hydrocarbon Reserves

Guinea-Conakry shares a geological history with Guyana and Suriname, situated along the Atlantic Equatorial margin. Its Cretaceous formations, marine source rocks, structural traps and sedimentary basins mirror those that enabled Guyana and Suriname to become prolific oil-producing regions, with more than 10 billion barrels discovered to date. Furthermore, the country has amassed a portfolio of 2D and 3D seismic data covering 17,000 km², alongside historical borehole data – resources comparable to those that underpinned early exploration in Guyana and Suriname.

SONAP’s Role in the Emerging Sector

Guinea-Conakry’s national oil company, SONAP (Société Nationale des Pétroles de Guinée), established in 2021, is central to the country’s oil and gas ambitions. Under the leadership of Director General Dr. Lanciné Condé, SONAP has strengthened its technical capabilities with advanced field equipment, including topographic, gas detection and mapping tools, enabling more effective assessment of onshore and offshore acreage.

SONAP has also established its first national seismic data visualization center, in collaboration with SLB and TGS. The center holds approximately 15,000 km² of 3D seismic data and 45,000 km² of 2D data, providing investors with a valuable foundation for exploration.

Early exploration results are encouraging. Wells such as GU-2B-1 and Sabu-1 have confirmed a working petroleum system in the Upper Cretaceous formations, with evidence of mature source rocks, quality reservoirs and hydrocarbon shows. While previous deepwater drilling at Fatala-1 did not yield commercial production, geological analogies with proven Atlantic Equatorial Margin basins and promising structures continue to attract investor interest.

Enhancing Investment Appeal

SONAP has undertaken reforms aimed at positioning Guinea-Conakry as a competitive oil and gas destination. A national petroleum cadastre has been established, and 22 blocks have been identified for a potential bidding round. In April 2025, SONAP launched two tenders: one for the development of a storage and product management platform, and another to achieve the ISO 9001 and ISO 45001 certifications in quality and safety. These initiatives signal a commitment to transparency, operational efficiency and investor-friendly governance.

For investors, Guinea-Conakry now offers reduced exploration risk, with high-quality seismic and geological data lowering upfront costs and uncertainty. Early participants in the licensing round can secure favorable terms ahead of increased competition.

Looking ahead, these developments will be highlighted at the MSGBC Oil, Gas & Power 2025 Conference and Exhibition, taking place in Dakar on December 9–10. The event will provide a platform for international investors to engage directly with SONAP, explore available blocks and gain first-hand insights into Guinea-Conakry’s emerging hydrocarbon potential.

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sectors. Visit www.MSGBCOilGasandPower.com to secure your participation at the MSGBC Oil, Gas & Power 2025 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

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

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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