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Invictus Energy Seals Gas Sales Agreement to Power Zimbabwe’s Eureka Mine

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Eureka

Under the agreement, the project will utilize gas from the Cabora Bassa Project to electrify the Eureka gold mine

JOHANNESBURG, South Africa, April 24, 2024/APO Group/ — 

Independent upstream oil and gas company Invictus Energy Limited has signed an MoU with mine operator Dallaglio Investments and power generation firm Himoinsa Southern Africa Proprietary for a gas-to-power project in Zimbabwe. The project will generate electricity to power operations at the Eureka Gold Mine – one of the country’s largest. 

Under the partnership, gas extracted from the Cabora Bassa Project will fuel operations at Eureka – located 50km from the Mukuyu-2 wellsite. The African Energy Chamber (AEC) – representing the voice of the African energy sector – applauds this initiative, recognizing it as a stride towards bolstering energy access, efficiency and reliability in Zimbabwe’s mining sector.

Spearheaded by Himoinsa, the envisioned power generation facility is anticipated to commence with an initial capacity of 12MW, expandable to 50MW. As the Eureka mine currently relies on diesel-fired power as a back-up energy source, the transition towards gas-fired power promises a more dependable and environmentally friendly energy supply while also facilitating data collection crucial for optimizing full-field development planning and determining resource volumes and locations.

This initiative represents a step forward for Zimbabwe’s energy sector and the gold mining industry, aligning with the country’s vision for sustainable energy development

The MoU provides flexibility for incremental project growth and additional power off-take agreements, with feasibility studies underway to identify the most optimal power delivery method for Eureka. The study will explore whether on-site generation or utilizing the existing grid infrastructure located 5km away coupled with wellsite power generation is the most strategic method. Upon completion of the feasibility study, Invictus Energy and Himoinsa aim to formalize a binding Gas Sale and Purchase Agreement, ensuring the provision of natural gas for power generation and subsequent electricity supply to Dallaglio at Eureka under mutually beneficial terms.

Beyond Zimbabwe, the electricity generated from this project holds potential to serve other private off-takers through local grids or via the Southern Africa Power Pool (SAPP) – a regional integrated power network. As energy demand escalates across the continent, initiatives like this demonstrate the feasibility of leveraging indigenous energy resources to meet rising electricity needs. Invictus Energy has already signed a gas supply deal with Zimbabwe’s Mbuyu Energy, with a 500MW power project on the cards.

The recent confirmation of the Mukuyu gas-condensate discovery at the Cabora Bassa Project has further catalyzed Invictus Energy’s efforts towards early monetization strategies and expedited production timelines. The high-quality natural gas found at Mukuyu-2 is expected to facilitate a streamlined early production system, minimizing infrastructure requirements and paving the way for future full-field developments.

“This initiative represents a step forward for Zimbabwe’s energy sector and the gold mining industry, aligning with the country’s vision for sustainable energy development. It underscores the potential of African nations to leverage indigenous resources for sustainable development, unlocking new opportunities for economic growth and energy security in Zimbabwe and the broader African region,” states NJ Ayuk, Executive Chairman of the AEC.

Zimbabwe’s strides in gas-to-power initiatives can serve as a blueprint for other Southern African nations seeking to fortify energy security and drive economic growth through sustainable energy solutions. With gold being one of the country’s biggest export commodities, securing a sustainable supply of electricity will help bolster production and broader economic growth.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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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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