Connect with us

Business

Inaugural Congo Energy & Investment Forum Kicks Off, Positioning Congo as a Key Energy Player

Published

on

CEIF

CEIF 2025 has officially opened with keynote speeches and presentation by leading figures in the Republic of Congo’s energy industry, including H.E. Bruno Jean-Richard Itoua, Congo’s Minister of Hydrocarbons

BRAZZAVILLE, Congo (Republic of the), March 25, 2025/APO Group/ –The inaugural Congo Energy & Investment Forum (CEIF) officially opened with welcome and keynote addresses by key industry leaders operating in the Republic of Congo’s energy sector. With an ambition to double oil production to 500,000 barrels per day by 2027, and with the upcoming launch of a new Gas Master Plan, CEIF 2025 offers a platform for attendees to connect with leaders in Congo’s energy market.

Speaking during the opening session Congo’s Minister of Hydrocarbons Bruno Jean-Richard Itoua outlined Congo’s potential as a key driver of energy in Central Africa, highlighting critical reforms and initiatives aimed at maximizing the country’s energy potential.

“It is with great pride and happiness that I’m taking the floor today to deliver the official opening of Congo Energy & Investment Forum,” Minister Itoua stated, adding, “The outline of this forum is in line with Congo’s National Development Goal of 2022-2026 and our ambitious vision to modernize infrastructure and create an inclusive investment environment.”

Meanwhile, Sébastien Brice Poaty, General Secretary of Congo’s parastatal Société National de Pétroles du Congo (SNPC) explained that Congo remains committed to the development of hydrocarbons, as well as renewable energy, to drive access throughout the country. Poaty indicated that the parastatal has finalized the Gas Master Plan – set to launch at CEIF 2025 – and is preparing for the coming adoption of the new Gas Code, which is expected later this year.

“This conference is part of a broader aspect on the future of the Congo. SNPC was created to valorize the energy potential of the Congo and support economic development while engaging in a sustainable transition,” stated Poaty, adding, “Investing in Africa remains one of the keys to the continent’s development.

Speaking on Congo’s potential to attract investment to the energy market, Haitham Al Ghais, Secretary General of OPEC, stressed the importance of stability in the market. “Congo is an extremely valuable member of the OPEC family,” Al Ghais said, adding, “Congo’s oil will be essential considering the future growth of oil demand.”

Dr. Omar Farouk Ibrahim, Secretary General, the African Petroleum Producers’ Organization (APPO) stressed the importance of the Congolese government to review its strategies and revitalize its hydrocarbons sector. Additionally, Dr. Ibrahim highlighted that, while the global energy landscape is undergoing a massive paradigm shift, Congo must remain committed to driving the development of its oil and gas resources.

“The Republic of Congo has long been a significant player in Africa’s oil and gas industry. As the third-largest producer in sub-Saharan Africa, with proven crude oil reserves of 1.8 billion barrels, Congo possesses immense potential for development in frontier basins,” he said.

The outline of this forum is in line with Congo’s National Development Goal of 2022-2026

The Opening Ceremony also included keynote presentations by key industry players in Congo’s energy industry including energy majors TotalEnergies and Eni, as well as independent producers Imperatus Energy and Ammat Global Resources and the African Energy Chamber.

“With increasing global competition for capital, future success in Congo depends on maintaining a competitive fiscal framework and a stable regulatory and legal environment to ensure long-term viability on investments,” stated Mike Sangster, Senior Vice President for Africa, TotalEnergies E&P.

Andrea Berberi, Managing Director, Eni Congo announced during his presentation that the company completed its ninth cargo of LNG on March 24, reaching 1 million cubic meters of LNG produced and exported in the market. “Today, we are proud to be part of this new sector in the Republic of Congo,” Berberi stated.

“There are great operators in the country working on different projects,” stated Massimiliano Mignacca, Director General, Ammat Global Resources, adding, “Ammat’s activities are notably in upstream, but we are committed along the entire lifecycle of hydrocarbons.”

Calling on Congo to replicate the success of neighboring oil producers such as Angola, NJ Ayuk, Executive Chairman, the African Energy Chamber, expressed his optimism for the country to capitalize on regulatory reforms and improved governance to attract global investment.

“At a time when we look at the energy industry, when we look at global shifts in energy, we look at Congo for energy stability. It is for that reason that Congo takes a very strong position, but we need to recognize that energy reforms need to happen,” stated Ayuk.

Meanwhile, Oumar Semega, CEO and Founder, Imperatus Energy Group noted that energy plays a key and strategic role for the Congo. “At Imperatus, we have a clear vision to create value across every stage of the oil and gas sector, from extraction to commercialization,” stated.

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

Events

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

Published

on

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

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

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

Exit mobile version