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Guinea-Conakry’s Energy & Power Future is Bright with 22-Block Licensing Round

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Guinea-Conakry

This year will determine the future of Guinea-Conakry’s energy sector development amidst new opportunities

CONAKRY, Guinea, June 24, 2022/APO Group/ — 

Guinea-Conakry’s hydrocarbons industry is gathering steam with the tendering of 22 unexplored offshore blocks in its sights. While Senegal’s more established industry has seen over 160 wells drilled since the 1980s, Guinea-Conakry’s first exploration dates back to 2012, conducted by U.S firm HyperDynamics, followed by the entry of French oil major, TotalEnergies in 2018. Among the five prospect wells drilled to date, no commercially exploitable oil reserves have been found, but as FAR’s recent discovery of a potential 1.5 billion barrels of oil in The Gambia shows, one well is all it takes to re-define an energy future. Across the MSGBC basin, the past decade has seen world-class mega-reserves unearthed from the 500 million barrels of oil at Sangomar to 15 trillion cubic feet (tcf) of natural gas at Greater Tortue Ahmeyim, 20 tcf at Yakaar-Teranga and 13 tcf at BirAllah. The entry onto the regional stage of Guinea-Conakry with its proposed 22-block licensing round could place the country on the path toward an economic boom, powered by gas.

Under Guinea’s Natural Resource Charter Precept 3, renewed exploration counts among the nation’s top development priorities. This is crucial given the most recent drilling works by TotalEnergies, with four wells in blocks A4 and C2, having been discontinued late last year due to complex factors. The upcoming MSGBC Oil, Gas & Power conference may well hold the key to this renewal, addressing issues of security, finance and regionally integrated energy value chains, with Guinea-Conakry receiving a special spotlight in regional roundtables to boost its presence. Of commercial interest is insight that the 55,500km2 area explored in the nation’s offshore zone is but the tip of the iceberg in territory still remaining to be surveyed, and the doubling of the government’s national petroleum budget to $1.2 million in 2019 flags the country’s commitment to advancing the sector. Though bidding terms are currently being finalized via Guinea-Conakry’s National Petroleum Office (ONAP), fresh details on the nation’s first major licensing round of 22 blocks are expected to be shared at the anticipated roundtable session covering specifically new blocks on the market. The roundtable is scheduled for the second day of the MSGBC Oil, Gas & Power Conference 2022.

A $300 million phased Liquefied Natural Gas (LNG) import terminal is planned for construction in the country

In the interim, Guinea-Conakry is aiming for regional energy trade opportunities. In this regard, a $300 million phased Liquefied Natural Gas (LNG) (https://bit.ly/3Nx0x8B) import terminal is planned for construction in the country and is set to take in up to 2 GW equivalent of LNG from Senegal and Mauritania, to power key bauxite refineries. Strategically located in the Port of Kamsar, along the northern portion of the country’s coastline, at the center of the nation’s mining district, this facility will help to power at least half a dozen refineries also under development and is scheduled to open in the next three to six years, processing raw bauxite ore into alumina, with a six times higher value by mass. Meanwhile, the nation’s recent accession to the African Continental Free Trade Area has served to unblock impediments in the regional trading schemes of excess domestic energy production, with Guinea’s significant hydropower now enabled to supply regional neighbours, across the MSGBC basin. A key example is via transnational partnerships in the form of the Organisation pour la Mise en Valeur du fleuve Gambie and Organisation pour la Mise en Valeur du fleuve Senegal.

Immediately following TotalEnergies’ exit from the nation last year, ONAP and the National Petroleum Import Company of Guinea merged to form Société Nationale des Pétroles, under the leadership of Amadou Doumbouya as Director-General. Doumbouya himself will be a key participant at the upcoming MSGBC Oil, Gas & Power (https://bit.ly/3a4fuRb) event as a speaker along with two of his senior colleagues. And with newfound transparency streamlining operations with the newly established, National Directorate of Energy and Energy Information Systems, the nation’s energy future looks to be a bright one. To join the Director-General, policymakers from across the region and international investors at this year’s MSGBC Oil, Gas & Power Conference and Exhibition, visit https://MSGBCOilGasandPower.com/.

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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February 6, 2026

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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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February 6, 2026

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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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February 6, 2026

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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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