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Invest in African Energy (IAE) 2024 Kicks Off in Paris, African Producers Move Toward Just Energy Transition

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The second annual Invest in African Energy forum – organized by Energy Capital & Power – opened in Paris on Tuesday, with OPEC and African petroleum ministers calling for accelerated energy sector investment, in collaboration with international partners

PARIS, France, May 14, 2024/APO Group/ — 

The second annual Invest in African Energy (IAE) forum opened in Paris on Tuesday, with OPEC and petroleum ministers from the Republic of Congo and Gabon adopting a unified stance on a just energy transition.

Africa is at a critical nexus in its energy development, as the continent seeks to scale up its energy supplies to meet electrification and industrialization goals, while also balancing climate concerns. As a result, African oil and gas markets are pursuing increased collaboration with international partners, along with an influx of foreign investment and technology to achieve a balanced energy mix.

Congolese Minister of Hydrocarbons Bruno Jean-Richard Itoua highlighted the Congo’s recent measures to create an attractive environment for future investments, including the upcoming submission of a new gas code to the Council of Ministers. The Republic of Congo has recently advanced several large-scale integrated gas projects, including Eni’s Marine XII permit development – targeting the production of 3 million tons of LNG by 2025 – and Wing Wah’s multi-phase Banga Kayo project set to produce 30 billion cubic meters of associated gas.

“Our goal is clear: not only to optimize the use of existing resources, but also to develop local infrastructures and skills that will create a solid and sustainable value chain,” stated Minister Itoua. “We are actively seeking to collaborate with international partners who share our vision of natural resource exploitation that is both fair and sustainable.”

Gabon’s Minister of Petroleum and OPEC 2024 President Marcel Abéké addressed efforts to expand the country’s low-carbon energy supply, as well as valorize associated gas resources. Gabon recently instituted the Global Gas Flaring Reduction initiative to reduce greenhouse gases and is in the process of establishing an incentive tax framework for the development of gas projects, as well as certified its gas reserves and launched a national gas master plan.

Our goal is clear: not only to optimize the use of existing resources, but also to develop local infrastructures and skills that will create a solid and sustainable value chain

“Gabon has entered into a process of energy transition by directing its sectoral policy towards the encouragement of low-cost investment projects,” said Minister Abéké. “This progressive approach… aims to reverse the national energy mix in favor of renewable energies.”

Underscoring Africa’s long-term growth prospects and key drivers of oil demand, OPEC Secretary General Haitham Al-Ghais affirmed OPEC’s commitment to driving Africa’s oil industry forward and fostering dialogue with international partners. By 2045, the continent’s oil demand is expected to double to 8.2 million barrels per day on the back of rising demand from residential, commercial and agricultural sectors, while refining capacity is set to expand by 3.2 million barrels per day.

“OPEC is here today in Paris in full force because we are an integral part of Africa, and Africa is an integral part of OPEC,” said Secretary General Al-Ghais. “The continent offers a vast horizon of undeveloped oil resources, which will be needed to meet future world energy needs. All sources of energy are going to be called upon to meet growing global primary energy demand, which is said to increase by 23% by 2045. Oil is still expected to represent the largest share of the energy mix through 2045, when we see long-term global oil demand rising to 116 million barrels per day.”

NJ Ayuk, Executive Chairman of the African Energy Chamber highlighted that investment in Africa’s energy sector is crucial now more than ever. “This is the time for real partnership… We have to continue to demand a just energy transition for Africa – we have to produce every drop of hydrocarbons in order to transition into clean energies.”

Jude Brice Ondonda, Upstream Petroleum Director of Congolese national oil company, Société Nationale des Pétroles du Congo stated that inn the Congo, SNPC is ready to lead a sustainable energy transformation, while tapping its resources and protecting its environment. “We would like to move towards a clean energy mix… and there is opportunity for investment in this area.”

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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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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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.

 

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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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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).

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