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Libya’s Energy Rebirth: $20B Investment, Gas Growth and Strategic Partnerships

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Energy Capital

Libya is boosting oil and gas production, attracting $20 billion in investment and forging regional ties, positioning itself as a key supplier for Europe and a leader in African energy development

TRIPOLI, Libya, January 25, 2026/APO Group/ –Libya’s energy sector is rebounding, attracting global investors and signaling a renewed commitment to production expansion, gas monetization and long-term partnerships. At the Libya Energy & Economic Summit (LEES) 2026 in Tripoli on Saturday, officials outlined a clear roadmap for growth, reform and regional collaboration.

$20 Billion Investment Pipeline

Libya’s oil production reached an average of 1.375 million barrels per day (bpd) in 2025 – the highest in years – and the government aims to reach 2 million bpd by 2030, backed by a $20 billion investment program.

“We witnessed the highest production rate in years, averaging 1.375 million bpd, which is a strong testimony to our recovery and stability,” said Minister of Oil and Gas Dr. Khalifa Abdulsadek. “We have launched a program with 15 companies, and we expect production to rise over the next five years with a $20 billion investment.”

Contract terms have been extended to 25 years, offering predictable, long-term investment conditions and aligning with global practices that support multi-decade upstream development.

Gas as a Growth Engine

Libya is prioritizing gas development to meet domestic power needs and support exports to Europe via the Greenstream pipeline. Gas production is expected to reach 700–750 million standard cubic feet per day in 2026.

“One of Libya’s greatest opportunities lies in its geographical location near one of the largest and most affluent markets in the world,” said Dr. Philip Mshelbila, Secretary General of the Gas Exporting Countries Forum. “With 750 million standard cubic feet per day expected this year, Libya can support domestic power, industry and export through the Greenstream pipeline to Europe.”

Libya’s resurgence is a critical turning point for African energy, and it demonstrates how resource potential can be transformed into real projects, jobs, and industrial growth

Regional and Global Partnerships

Libya is deepening cooperation with Egypt to strengthen North African energy security and resilience, leveraging Egypt’s liquefaction and export capacity alongside Libya’s growing gas output.

The Africa Energy Bank, led by the African Petroleum Producers Organization (APPO) and Afreximbank and ratified by Ghana and Nigeria, aims to bridge financing gaps for capital-intensive energy infrastructure projects, including initiatives like the proposed Libya–Algeria Power Interconnector.

“What applies to Libya and its neighboring countries also applies to any African oil and gas-producing nation – cooperation on transport, joint energy projects and infrastructure development is essential,” said Farid Ghezali, Secretary General, APPO, adding, “The partnership between Libya and Egypt is a strategic move that strengthens regional energy resilience and benefits global markets.”

Libya is also drawing lessons from regional peers such as Namibia, which has built investor confidence through transparent fiscal policies, predictable royalties and strong local content programs, and from Turkey, which is partnering with Libya to expand upstream production.

“Namibia is attractive for investors due to its clear regulatory framework, stable political environment and consistent engagement with the investment community,” said Namibia’s Deputy Minister of Industries, Mines and Energy, Gaudentia Kröhne. “Policies such as a 5% royalty and 35% production allocation to the state provide predictability and help ensure local benefits and skills transfer.”

“Turkey is engaged in Libya pursuing joint efforts and ambitious targets, as part of our broader strategy to become a billion-barrel oil and gas producer,” said Turkey’s Minister of Energy and Natural Resources, Alparslan Bayraktar. “In today’s geopolitical environment, diversification is crucial, and we are navigating these challenges through sustainable energy strategies and strong partnerships.”

African Energy Perspective

From a continental viewpoint, Libya’s recovery reinforces the broader African energy agenda: turning resource potential into projects, investment and industrial growth.

“Libya’s resurgence is a critical turning point for African energy, and it demonstrates how resource potential can be transformed into real projects, jobs, and industrial growth when stability and investment frameworks align. The momentum now must be sustained through partnership, transparency and deliverable-driven development,” said NJ Ayuk, Executive Chairman of the African Energy Chamber.

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

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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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