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LITASCO Middle East joins African Energy Week (AEW) 2023 as Bronze Sponsor

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LITASCO

The African Energy Chamber is proud to announce that LITASCO Middle East has joined the African Energy Week 2023 conference as a Bronze Sponsor

JOHANNESBURG, South Africa, September 28, 2023/APO Group/ — 

As populations and economies in Africa and the Middle East continue to grow steadily, oil and gas demand in the regions is poised to grow substantially in the coming decades. A robust and reliable trading and business environment within the continents will be necessary to promote economic stability and social development as Africa and the Middle East continue to drive industrialization, promote energy access, and progress towards net zero targets for 2030 and beyond. As such, companies such as LITASCO Middle East are spearheading efforts to ensure access to crude oil and refined petroleum products remains beneficial to the Middle East and Africa.

LITASCO Middle East has joined the African Energy Week (AEW) 2023 conference – taking place from 16-20 October in Cape Town – as a Bronze Sponsor and is poised to leverage its position as one of the world’s premier trading companies to engage in networking opportunities and connect with governments and policymakers to promote international oil and gas trade throughout Africa, the Middle East, and beyond.

Serving as the trading arm of petroleum business corporation Lukoil, LITASCO is one of the largest traders of crude oil and refined petroleum products, and deals in global trading, refining, and retail services in the global oil and gas industry. The company, which previously operated out of Geneva, Switzerland, has recently moved part of its operations to Dubai, thus positioning LITASCO to better support its operations in Africa and the Middle East.

As a Bronze Sponsor, LITASCO takes on a proactive role in the conference and will support deals, partnerships and investments

Active in the African market for over two decades, LITASCO boasts a presence in Egypt, Nigeria, the Republic of Congo, Ghana, and Cameroon. LITASCO supplies oil and gas to Ghana, striking a deal with the country’s National Oil Company, the Ghana National Petroleum Corporation (GNPC), to develop a long-term contract that will permit the West African nation to exchange gold for the trader’s supply services. In early-2023, Ghana received 41,000 metric tons of diesel from LITASCO as part of the deal. Meanwhile, in 2019, the GNPC signed an agreement with LITASCO that entitles the trader to purchase four cargoes per year from Ghana’s offshore TEN field, which boasts estimated reserves of approximately 343 million barrels of oil equivalent.

In April 2023, Senegal took delivery of cargo from LITASCO into its main port of Dakar, with the trader delivering an estimated 41,000 metric tons of cargo. Meanwhile, Nigerian energy company the Nigerian National Petroleum Corporation announced the delivery of oil from LITASCO in February 2022, with the West African country receiving 37,000 tons of oil that was delivered to multiple retailers throughout the country.

“As demand for reliable and secure oil imports continues to grow in Africa, the Middle East, and all throughout the world, LITASCO Middle East is poised to play an instrumental part in facilitating trade and strengthening exports. The company has shown its steadfast dedication in bringing oil products to the markets that need them, particularly as global calls to reduce oil use continues to hinder Africa’s development goals,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC).

During the AEW 2023 conference this October, LITASCO will participate in a number of panel discussions centered on trade, downstream growth and global collaboration. As a Bronze Sponsor, LITASCO takes on a proactive role in the conference and will support deals, partnerships and investments.

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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Debate

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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CLG

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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ITFC

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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