Connect with us
Anglostratits

Business

Honorable Tom Alweendo Leads Namibian Delegation to Equatorial Guinea

Published

on

Tom Alweendo

Tom Alweendo will be accompanied by Petroleum Commissioner Maggy Shino, NAMCOR Head Immanuel Mulunga alongside other high-level executives during his official visit to Equatorial Guinea

JOHANNESBURG, South Africa, August 29, 2022/APO Group/ — 

A high-level delegation from Namibia led by Energy Minister Tom Alweendo will travel to Equatorial Guinea to hold bilateral meetings and visit oil and gas facilities. Centered around knowledge sharing and capacity building, the visit aims to improve regional cooperation, strengthen Namibian skills and workforce capacity, while ushering in a new era of growth for the Namibian energy industry on the back of Equatorial Guinean insight. Minister Alweendo will be accompanied by Maggy Shino, Namibia’s Petroleum Commissioner and Immanuel Mulunga, Managing Director of the National Petroleum Corporation of Namibia (NAMCOR), as well as other high-level dignitaries.

During the visit, Minister Alweendo will conduct bilateral meetings with a suite of Equatorial Guinean officials including H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea. What’s more, the delegation will be conducting official visits to numerous oil and gas installations, with Equatorial Guinean officials sharing mistakes, successes and best practices regarding oil and gas development. With specific focus granted to natural gas monetization and local content, the visit aims to encourage joint ventures between the two countries, strengthen cross-border cooperation while nourishing and improving skills and local capacity.

Meanwhile, following the visit, Equatorial Guinean industry experts have committed to training Namibia engineers at Equatorial Guinea’s Punta Europa Liquefied Natural Gas terminal – run by U.S. company, Marathon Oil Corporation. The training will be key for Namibia’s burgeoning oil and gas industry as it will ensure Namibians lead the development of the country’s oil and gas projects.

The minister will meet with many local Equatorial Guinean firms to encourage local firms to meet and encourage joint ventures and expand on local content

With Namibia’s energy sector bound for unprecedented growth due to two major oil and gas discoveries this year, Hon Alweendo is committed to ensuring energy developments translate into tangible benefits for the Namibian population. As such, with his visit to Equatorial Guinea, the minister is focused on leveraging regional cooperation and knowledge sharing in pursuit of industry success. For Namibia, Equatorial Guinea represents the ideal partner in the country’s journey towards industry revival. As a regional gas hub in its own right, Equatorial Guinea’s years of experience as an oil and gas producer, as well as its success regarding infrastructure rollout and processing facilities, make the country the perfect knowledge sharing partner for Namibia. In addition to establishing a competitive domestic industry, Equatorial Guinea’s success lies in its capacity to unlock, monetize and process regional gas reserves. As such, as Namibia’s own oil and gas industry unfolds, insight learned from a regional powerhouse such as Equatorial Guinea will be key for ensuring projects are developed rapidly and sustainably.

Speaking during a roundtable interview organized by the African Energy Chamber (AEC) on Friday August 26, H.E. Minister Lima stated that, “The Namibian minister will be coming to Equatorial Guinea, visiting the LNG, methanol and energy plants, so that they will know how they work. The minister will meet with many local Equatorial Guinean firms to encourage local firms to meet and encourage joint ventures and expand on local content. We will support them with knowledge about ports, pipelines and infrastructure development. We will talk about how Namibia needs to fast track its development.”

Hon Alweendo’s visit to Equatorial Guinea will be imperative for Namibia’s burgeoning oil and gas industry. Namibia is on the precipice of unprecedented industry growth, and through the visit, the country is reaffirming its commitment to ensuring development is led by Namibians,” Stated Jude Kearney, former United States Deputy Assistant Secretary of Commerce for Services Industries and Trade Finance., adding that, “In addition to strengthening regional cooperation, the visit will usher in a new era of knowledge sharing and insight between Equatorial Guinea and Namibia.”

Distributed by APO Group on behalf of African Energy Chamber.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

on

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.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

on

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.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

on

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).

Continue Reading

Trending