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Macky Sall Has Excelled as an African Voice Speaking up for African Priorities (By NJ Ayuk)

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Sall has been particularly outspoken about Africa’s energy needs and the rights of African countries to continue extracting and capitalizing upon their oil and gas resources

JOHANNESBURG, South Africa, December 7, 2022/APO Group/ — 

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

When African Union Chairman Macky Sall addressed the United Nations General Assembly last September, he wasn’t shy about speaking up for his continent. The gist of his message? There is absolutely no excuse for failing to ensure consistent African representation in the world’s key decision-making bodies.

“It is time to overcome the reticence and deconstruct the narratives that persist in confining Africa to the margins of decision-making circles,” said Sall, who also is the president of Senegal.

Sall’s speech was about the need to give Africa permanent seats at the UN Security Council so, as he put it, “Africa can finally be represented where decisions that affect 1.4 billion Africans are being taken.”

But that was far from the first time he has called upon the global community to seek and consider African perspectives. From the beginning of his one-year term as the African Union’s chairman last February, Sall said he wanted to see fair, equitable international partnerships that welcomed African contributions instead of dismissing African priorities.

“Our continent cannot be a field which is the feast of others,” Sall said during his inaugural speech.

He also has spoken up for greater African representation in the G20, which as of yet only has one African member (South Africa). Multilateralism must “serve the interests of all,” Sall argued in October, or it will suffer “loss of legitimacy and authority.”

I commend Chairman Sall for his tireless work, not only to insist that the global community listens to and respects African issues, but also to build awareness of just what those issues are.

He has put African needs and priorities — including infrastructure development, greater access to COVID-19 vaccinations, food security, and an end to energy poverty — in front of world leaders ranging from Chinese President Xi Jinping to U.S. President Joe Biden. He has done the same at global events, including the 2022 G20 summit and the COP27 climate conference.

Sall has been particularly outspoken about Africa’s energy needs and the rights of African countries to continue extracting and capitalizing upon their oil and gas resources, even in the face of tremendous global pressure for Africa to make a rapid switch to renewable energy sources. Sall has firmly stated that, when it comes to the global march toward net zero emissions, Africa will not be in lockstep with the rest of the world at the expense of our countries’ well-being.

We are in an era when Africa needs fierce advocates. Nations and international partnerships are fighting for their respective priorities, and unless African leaders are willing to stand up for what our continent needs, our objectives will be pushed aside. Sall has, indeed, taken a stand.

We will not accept that polluting countries, responsible for the situation of the planet, tell us that we are no longer going to finance fossil fuels

An Unwavering Voice for a Just Energy Transition

African energy was not Sall’s only priority as chairman of the African Union, but he did, rightfully, use his platform to expand global awareness of Africa’s unique energy needs in 2022. He pointed out the hypocrisy of wealthy countries that harnessed fossil fuels to industrialize and grow their economies telling developing African countries that the world’s zero-emission goals trumped their right to do the same.

“We will not accept that polluting countries, responsible for the situation of the planet, tell us that we are no longer going to finance fossil fuels,” Sall said in September.

He made similar remarks when he opened the MSGBC Oil, Gas & Power 2022 conference and exhibition, held Sept. 1-2 this year in Dakar. The MSGBC region comprises Mauritania, Senegal, the Gambia, Guinea-Bissau, and Guinea-Conakry.

“In this new configuration of the world, energy resources are major assets for Africa. Therefore, we must not accept that our continent is an object of world geopolitics, but an actor, aware of its natural wealth of interests, which acts on the competition instead of suffering it,” Sall said, adding that made no sense for African countries to stop exploiting their oil and gas resources while more than 600 million Africans lacked electricity. “While remaining committed to the implementation of the Paris Climate Agreement, we must continue to defend the interests of our countries in the run-up to COP27 next November in Egypt.”

And that’s exactly what happened. Sall and other African leaders fiercely defended Africa’s energy interests before and during COP27. The result? As multiple news outlets reported, African natural gas took center stage at the conference.

A Strong Collaborator

As I tweeted in November, Africa was fortunate to have Sall at COP27. He understands both sides of the African energy transition debate: the need for Africa to set the timing for its shift to renewables and the world’s need to address climate change. Sall advocated for ongoing natural gas production in Africa, which allows us to minimize carbon dioxide emissions while providing much-needed gas to generate electricity domestically, build our economies, and move toward industrialization. Sall also has pushed for the international community to help fund the renewable energy infrastructure Africa needs for a just transition and to provide financial support for African climate adaptation.

Climate adaptation measures have particularly been a priority for Sall. In his capacity as president of Senegal, he and the CEO of the Global Center on Adaptation (GCA), Patrick Verkooijen, partnered in 2022 to unlock $1 billion in climate finance for Senegal under the Africa Adaptation Accelerator Program (AAAP). The AAAP, Africa-led and Africa-owned, is working to bolster adaptation in agriculture, digital services, infrastructure, entrepreneurship, and jobs for young people. It was developed by the Global Center on Adaptation (GCA) and the African Development Bank (AfDB) in collaboration with the African Union.

Sall was among the trailblazers to convene the Africa Adaptation Leaders’ Event during COP27. He also co-wrote, with French President Emmanuel Macron and Dutch Prime Minister Mark Rutte, an opinion piece for the Guardian about the AAAP. It emphasized the critical importance of increased funding from developed countries for climate adaptation initiatives in developing countries, particularly those in Africa.

What we’ve seen is a pragmatic approach from Sall, one that recognizes the need for Africa to continue harnessing its oil and gas reserves while working diligently to move toward the transition to renewables — and to build climate resiliency into Africa’s economy.

When Sall’s one-year term at the helm of the African Union concludes February 5, the many challenges facing Africa will hardly be behind us. Nevertheless, I firmly believe that Sall has been making a vital difference in his role. Sall has said, loudly and clearly, that African voices will not be silenced. Thanks to Sall, it appears that the global community is starting to hear that message. That is a step in the right direction.

Distributed by APO Group on behalf of African Energy Chamber.

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Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

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A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

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With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

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The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

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

 

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