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Major Global Players Set to Join MSGBC Upstream Market as Nations Eye Future Discoveries

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5 months ago

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MSGBC

Following Chevron’s acquisition acreage in Guinea-Bissau earlier this year, several other international players are lining up to invest in the MSGBC region

DAKAR, Senegal, December 11, 2025/APO Group/ –Several international energy companies are expected to join the MSGBC region’s upstream market in the coming months, as operators target exploration opportunities in The Gambia, Guinea-Bissau and Guinea-Conakry. Speaking at the MSGBC Oil, Gas & Power 2025 conference this week, Ben Sayers, Partner & Energy Specialist, GeoPartners, explained that the south of the MSGBC region has not yet heralded a major discovery, but expected forays by international companies could potentially turn this trend around.

“We are seeing a very different position in the north of MSGBC and the south. In the north, we have production onstream in Senegal and Mauritania. In the south, countries still need to drill to find that oil. We have seen Chevron joining Guinea-Bissau which is fantastic for the south part of the basin. We could see similar things in The Gambia, with two to three big companies expected to join. Companies are also linking up to work with Guinea-Conakry,” Sayers said.

These developments align with a broader trend by regional nations to incentivize upstream investment. In addition to opportunities in the south of the MSGBC basin, Paul Freeman, Global Exploration Advisor, SLB, highlighted opportunities in deeper acreage across the region. He explained that “We know the geology is good and there are the right kind of play types. Once you go below 1,000 m, there is very little exploration. But recent discoveries in Namibia show that certain play types and source rocks work better the deeper you go. There is a vast area in the MSGBC basin in the ultra-deepwater that still has potential to be unlocked.”

There is a vast area in the MSGBC basin in the ultra-deepwater that still has potential to be unlocked

Against a backdrop of record-breaking production and major investments, the MSGBC region is positioning itself as the next major exploration hub. From improved fiscal terms to bold exploration campaigns and new block opportunities, regional nations are looking to attract fresh capital in upstream projects.

“I used to say that the MSGBC is a world-class petroleum system; but I was wrong, it is a super world-class petroleum basin. We now have solid drilling evidence proving that we have multiple source rocks. We have Permian source rocks, source rocks in the Jurassic and cretaceous. Seismic does not find oil and gas. While seismic is a requirement, drilling finds oil and gas,” stated Rogers Beall, Executive Chairman, Africa Fortesa Corporation.

Senegal is currently seeking partners to develop its Yakaar-Teranga gas project while Mauritania is looking to advance its BirAllah development. To attract partners in these projects – as well as other exploration initiatives – Alioune Guèye, CEO, Petrosen Holding, underscores the role of national oil companies (NOC).

He explained that “the basin is attractive enough in terms of geology. Now the question is, why haven’t we attracted more players into the basin? I believe that there are steps in attracting big players. One of the first steps is for NOCs to do some volarization and preliminary work. Companies like Petrosen need to step up their game and do that work to de-risk [the basin] and ensure that we can attract those players to invest.”

Mauritania is strengthening its regulation under efforts to attract partners to projects such as BirAllah. Chemsdine Sow Deina, Director General of Petroleum and Low Carbon Hydrogen, Ministry of Energy and Petroleum, Mauritania, explained that “We have recently established some improvements to the regulations, including terms associated with cost recovery. We have a better investment code and a new local content code. The legal framework is based on best practices worldwide. The win-win partnership is our strategy.”

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

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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12 hours ago

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April 29, 2026

By

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

19 hours ago

on

April 29, 2026

By

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

19 hours ago

on

April 29, 2026

By

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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