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Jay Park to Host African Energy Week (AEW) 2024 Workshop on Navigating African Petroleum Regimes

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African Energy Chamber

AEW: Invest in African Energy 2024 will feature a workshop exploring how governments can advance oil and gas monetization and investment while meeting global climate standards

CAPE TOWN, South Africa, October 23, 2024/APO Group/ — 

With the dual pressure of developing oil and gas resources to drive resource monetization while meeting the requirements of the global energy transition, African governments are under pressure to reduce energy poverty while ensuring development meets today’s climate standards. As such, this year’s African Energy Week (AEW): Invest in African Energy 2024 conference will feature a workshop that explores how fiscal changes and regulatory solutions can allow African countries to optimize oil and gas strategies while driving a just transition.

Led by Jay Park, Managing Partner at international energy law firm Park Energy Law and featuring Alexey Kovshin, Vice President at Van Meurs Energy, the session will examine Africa’s position on the global energy transition and how governments can leverage vast oil and gas resources to meet the energy requirements of their populations. Taking place during the event’s Pre-Event Workshops on November 4 in Cape Town, the session is determined to improve the landscape of the African energy sector and explore the continent’s full energy potential.

AEW: Invest in African Energy 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.

We need a dual approach to dealing with climate change while also ensuring that our people benefit from the resources beneath their feet

Despite global calls for Africa to transition away from fossil fuels, the continent’s upstream sector is not short on opportunity, with ongoing oil and gas tenders being launched for onshore, deepwater, greenfield and brownfield acreage in Angola, Nigeria, Mozambique, Kenya, Tanzania and Liberia, among other markets. In April this year, global oil major Shell made its fifth discovery offshore Namibia after confirming the presence of oil deposits at the Enigma-1X well. Meanwhile, Khalda Petroleum – a joint venture between the Egyptian General Petroleum Corporation and independent Apache – recently announced a new oil discovery in the West Fayoum-1 area in Egypt’s Western Desert.

However, for African countries to better compete for global exploration capital, their respective licensing processes, frameworks and terms must encourage new investment. To attract investment, many African countries are revising their respective petroleum regulations. Nigeria’s recently implemented Petroleum Industry Act, for example, is poised to expand the domestic and regional energy sector, with a number of large-scale projects currently underway set to improve energy security and industrialization. Meanwhile, Angola continues to revamp policies and fiscal incentives for marginal and onshore fields to embark on direct negotiations with investors to exploit prospects and stimulate investments within the oil and gas industry. However, much more needs to be done to attract the requisite investment to make energy poverty history by 2030.

Meanwhile, with an abundance of renewable resources, robust policies and declining costs of technology in the sector poised to accelerate the deployment of clean energy projects, Africa boasts the unique potential to eradicate energy poverty on the back of its natural resources while also driving renewable energy strategies. Serving as a blueprint for how gas-rich countries in Africa can leverage their resources to stimulate development across various sector of the economy, Algeria has positioned its gas sector as a key driver of economic diversification, using revenue generated from LPG exports to advance industrialization and electrification. Furthermore, oil-and-gas-rich Mauritania aims to produce 12.5 million tons of green hydrogen annually by 2035, focusing on large-scale projects such as Danish developer GreenCo Energy’s 35 GW Megaton Moon, green hydrogen developer CWP’s 16-20 GW Aman or energy supermajor TotalEnergies and independent Chariot’s 10 GW Project Nour. These projects highlight the fundamental role integrated energy systems will play in Africa, enabling the continent to meet dual goals of boosting energy security while mitigating climate change impacts.

“With over 600 million people on the continent without access to energy, Africa will need to harness every resource available in order to spark significant job creation, economic diversification and growth. We need a dual approach to dealing with climate change while also ensuring that our people benefit from the resources beneath their feet,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

The AEW: Invest in African Energy 2024 workshop will unpack the hydrocarbon-energy transition nexus, drawing insight into how petroleum regimes can generate the investment required to maximize Africa’s energy resources. The workshop will identify key challenges while outlining the path forward regarding fiscal and regulatory solutions.

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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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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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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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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