Connect with us
Anglostratits

Business

Keith Hill’s Lasting Legacy in Africa’s Oil and Gas Industry (By NJ Ayuk)

Published

on

Keith Hill

Hill will be stepping down as the company’s president and CEO on Sept. 5, 2023

JOHANNESBURG, South Africa, July 27, 2023/APO Group/ — 

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org)

Under the leadership of Keith Hill, Canada-based Africa Oil Corp. has become one of the most competitive and impactful independent oil and gas explorers operating in the African continent.

Within the last two years alone, Africa Oil Corp. announced a major discovery offshore Namibia with partner TotalEnergies and secured two production-sharing contracts for offshore Blocks EG-18 and EG-31 in Equatorial Guinea.

The company has campaigns in Nigeria, South Africa, and the Senegal Guinea Bissau Joint Development Zone as well.

By driving widespread exploration and production throughout our continent, Africa Oil Corp. has been opening the door for African countries to overcome energy poverty and maximize the value of their petroleum resources.

These are some of the reasons why in 2022, I said that both Africa Oil Corp. and Hill, the company’s president and CEO, were game changers. The African Energy Chamber was proud of the work the company was doing in Africa then, and we remain proud of it today, even as our window to work with Hill draws to a close.

Hill will be stepping down as the company’s president and CEO on Sept. 5, 2023.

He’s leaving with the appreciation and respect of the African Energy Chamber. Hill has been a strong believer in Africa and a just energy transition for our continent. He has repeatedly shown himself to be the right leader at the right time, both for his company and for Africa’s energy industry.

A Deal-Maker and Risk-Taker

Hill, who got his start in the oil industry more than 35 years ago, earned his bachelor’s degree in geophysics and a master’s in geology from Michigan State University. He also holds an MBA from the University of St. Thomas in Houston. But like every other wildcatter of his day, he learned the oil business the hard way — through deal-making and risk-taking.

A sustaining belief in the future of offshore exploration led Hill to the frontier of deepwater West Africa, including Equatorial Guinea, along with Namibia and South Africa in the southern region of the continent. Seating with him late night in Namibia over beer he shared some fun stories with me about Sudan and Africa. He tells you African energy stories with so much passion that you will feel he has a love affair with Duke’s mayonnaise and Afrobeats.

During difficult moments, Hill will never hide his imperfections. He has his and it seats on his front porch. He is a straight shooter and does not glory in the slow, musical cadence of small talk. He looked and me in the eye and made a promise and he kept it. He is still one of the few in the business that can do a deal with a handshake and it is respected.

Hill has been a strong believer in Africa and a just energy transition for our continent

During his career, he has led successful exploration, asset acquisitions, and production campaigns at Africa Oil Corp., Shell Oil, and Occidental Petroleum. He was behind successful exploration initiatives by BlackPearl Resources Inc., Valkyries Petroleum Corp., and Tyner Resources as well.

Hill also is the chairman of Canadian oil explorer and developer ShaMaran Petroleum Corp. Before joining Africa Oil Corp. in 2009, he was the CEO of Canada-based The Lundin Group, which comprises minerals, metals, renewables, and energy sector companies.

During Hill’s 14-plus years at the helm of Africa Oil Corp., the company has grown from a fledgling independent exploration company to a full-cycle upstream company.

Steady Growth, Significant Impact

In 2022, Africa Oil Corp. made global headlines as a result of its stake in TotalEnergies’ massive Venus prospect in the Orange Basin offshore Namibia. Venus is believed to hold billions of barrels of light oil and associated gas. TotalEnergies’ discovery was the largest of 2022, and Africa Oil Corp. was the only publicly listed independent E&P company with exposure to it, through a 30.9% shareholding in its investee company, Impact Oil and Gas, one of the project partners.

Africa Oil Corp. continues to seize the vast opportunities Namibia has to offer. Earlier this summer, the company signed a letter of intent with Azinam Limited, a subsidiary of Eco Atlantic, to acquire a 6.25% stake in Block 3B/4B in the Orange Basin, increasing Africa Oil Corp.’s total stake in the block to 26.25%. With the block’s proximity and similar geographical structure to the Venus, Graff, La Rona, and Jonker discoveries in the basin, it’s a logical move.

At the same time, Africa Oil Corp. is successfully operating producing assets in deep water offshore Nigeria, where the company has a debt-free balance sheet and a robust portfolio of production and development assets.

As recently as May, Africa Oil Corp. announced that partner Total Energies was renewing Oil Mining License 130 in Nigeria. Africa Oil has an 8% interest in the license through its 50% shareholding in Prime Oil & Gas.

“The renewal of OML 130 is very good news for the Company and its shareholders,” Hill said at the time. He noted that the license “includes attractive growth opportunities such as the undeveloped Preowei oil discovery, which we can now take forward towards a final investment decision. Additional opportunities include step-out exploration and appraisal drilling, that should support production rates over the coming years.”

For many, Africa Oil Corp. represents a new era in the continent’s oil and gas industry, one with an increasingly important role for independents that recognize the tremendous opportunities our continent’s vast oil and gas resources offer. With international oil and gas majors divesting their African interests — often in attempts to decrease their overall emissions — independents have been stepping up to fill the gap.

More to Say About Africa

Hill, who will be joining Africa Oil Corp.’s board as a director, will continue to make a positive impact on Africa after he steps down from his current position. Keith is not leaving the scene. It is not in his character. I expect him to continue discussions and advocacy about investing in African energy and making energy poverty history. He will champion issues that are important African energy industry stakeholders  and we will continue to value Hill’s experience, perspectives, and advice. Even as Hill moves on to another chapter, we don’t expect that to change.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

Published

on

Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

Continue Reading

Business

Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

Published

on

Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

Continue Reading

Events

Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

Published

on

Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

Continue Reading

Trending