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Invictus Energy to Lead Zimbabwe Energies Summit on Gas, Mining and Energy Growth at African Energy Week (AEW) 2025

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4 months ago

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Zimbabwe

Hosted by the Government of Zimbabwe, the session offers unique insight into emerging opportunities across Zimbabwe’s energy and mining markets

CAPE TOWN, South Africa, September 26, 2025/APO Group/ –The African Energy Week (AEW): Invest in African Energies conference – Africa’s largest energy event scheduled for September 29 to October 3 in Cape Town – will feature the highly-anticipated Invest in Zimbabwe Energies Closed Door Summit. Led by the Government of Zimbabwe and with  Invictus Energy as partner, the session provides a strategic opportunity for investors, project developers and global partners to gain direct insight into the country’s energy and mining sectors.

As one of Africa’s final oil and gas frontiers and one of the continent’s biggest mineral producers, Zimbabwe offers significant opportunities for companies across both the natural and mineral resource sectors. Strong political will and an improved business have strengthened the country’s attractiveness for foreign investment, while Zimbabwean President Emmerson Mnangagwa’s position as Chairperson of the Southern African Development Community in 2025 reflects a commitment to working with regional partners to advance economic development. The Invest in Zimbabwe Energies Summit builds on these efforts, offering a platform for global investors to connect with Zimbabwean projects.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Investors who move now will be well-placed to benefit from the country’s transformation into a diversified energy and mining powerhouse

While Zimbabwe’s energy matrix has been dominated by hydropower, forays into natural gas exploration show the promise of a diversified energy portfolio. The country has emerged as one of Africa’s top frontier gas markets in recent years, with ongoing drilling activities led by Invictus Energy yielding positive results. The company is advancing the development of the Cabora Bassa Project in northern Zimbabwe – one of the world’s largest untested frontier rift basins – following a string of discoveries made in 2023 and 2024. The government is currently the Petroleum Production Sharing Agreement with Invictus Energy and has recently provides National Project Status to the Cabora Bassa development.

As an Australian oil and gas company focused on the Cabora Bassa Project, Invictus Energy is leading Zimbabwe’s gas agenda. The company secured the green light in 2025 to begin pilot production activities in the country, including supplying gas to the Eureka Gold Mine. This not only underscores the potential for gas utilization in the country but reflects opportunities for cross-sector development. As one of the country’s biggest contributors to GDP, the mining industry is a strategic market for Zimbabwe. Through gas, the industry is well-positioned to advance production even further.

Looking ahead, Invictus Energy is preparing to drill its next exploration well at the Musuma-1 site in H2, 2025, backed by an agreement signed with Al Mansour Holdings (AMH). Signed in August 2025, the deal will see AMH acquire a 19.9% stake in Invictus Energy, mobilizing up to $500 million in conditional future financing to support exploration activities in Zimbabwe. Musuma-1 targets up to 1.2 trillion cubic feet of gas, showcasing the level of potential in Zimbabwe’s onshore basins. While efforts by Invictus Energy have unlocked a new petroleum province in southern Africa, most of the country’s natural gas market is underexplored. The Invest in Zimbabwe Energies Summit will spotlight opportunities in gas exploration and production.

Beyond natural gas, Zimbabwe continues to cement its position as an emerging energy producer, with projects in coal production, renewable energy development and power infrastructure set to enhance energy access and security. In 2025, the country is on track to increase coal production by 10.5%, with output set to reach 6.3 million tons throughout the year. In tandem, the country is advancing new hydropower developments, with key initiatives including the Lake Mutirikwi plant, the Batoka Gorge plant and the Osborne Dam Mini-Hydro project. Across these sectors, significant gaps remain, presenting a unique opportunity for project developers and financiers.

Meanwhile, Zimbabwe is consolidating its position as a leading mineral producer, with the anticipated restructuring of the Mines and Minerals Amendment bill supporting mining activities. As Africa’s largest lithium producer, the country has already begun to play a central role in global supply chains and is poised to be a driver for Africa’s energy transition. Recent investments signal renewed global interest in the country’s lithium prospects. These include a $310 million investment by British and Chinese firms in the Sandawana mine; a $300 million upgrade to the Bikita mine; and a $300 million investment by ZHEJIANG Huayou Cobalt at the Arcadia mine. Zimbabwe is also emerging as a front-runner in gold and platinum group metal production. Striving to reach 40 tons in gold production in 2025, the country is inviting investments across the gold value chain. The Invest in Zimbabwe Energies Summit will serve as a vehicle for this investment.

“Zimbabwe is positioning itself as one of Africa’s most exciting frontiers for both energy and mining investment. The country’s emerging natural gas potential, combined with its vast mineral wealth, creates opportunities that few markets can rival. Strong political will, regulatory reform and a commitment to regional integration make Zimbabwe an attractive destination for capital. Investors who move now will be well-placed to benefit from the country’s transformation into a diversified energy and mining powerhouse” says NJ Ayuk, Executive Chairman, African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

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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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2 days ago

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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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2 days ago

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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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2 days ago

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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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