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

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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.

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Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

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Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

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

 

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Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

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The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

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Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

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In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

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