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Mauritania’s Petroleum and Energy Minister Joins African Energy Week 2024 (AEW) Ahead of First Gas Production

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Mauritania

Mauritania is on track for first gas production this year, creating strategic investment opportunities across the entire gas value chain

CAPE TOWN, South Africa, September 25, 2024/APO Group/ — 

The first phase of the Greater Tortue Ahmeyim (GTA) LNG project – situated on the maritime border of Mauritania and Senegal – will begin production by the end of 2024. Ahead of this milestone, Mauritania’s Minister of Petroleum and Energy Mohamed Ould Khaled has joined the African Energy Week (AEW): Invest in African Energy conference –  taking place November 4-8 in Cape Town. During the event, Minister Khaled is expected to share insight into the impact the project will have on the Mauritanian economy as well as the wave of investment opportunities emerging across the country’s gas value chain.

The country’s inaugural LNG development, GTA promises new opportunities for job creation and revenue generation. The first phase of the project will produce 2.3 million tons per annum (mtpa) while the second phase will increase production capacity to upwards of 5 mtpa. To date, the first phase is 90% complete, with the FPSO arriving at the project site in June 2024. At AEW: Invest in African Energy 2024, Minister Khaled is anticipated to provide an update on the project.

By prioritizing investment in LNG and promoting both data acquisition and exploration, the country is laying the foundation for accelerate gas development

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Phase one of the GTA development represents just one of several planned projects in Mauritania. Given its strategic proximity to high-demand markets in Europe as well as its wealth of offshore resources, the country is quickly gaining traction as an attractive market to invest in. Leveraging this attractiveness, the country is  currently strengthening partnerships with international stakeholders to fast-track project development and unlock the full potential of its oil, gas and renewable energy resources. In June 2024, Mauritania signed an agreement with data and analytics company TGS – now PGS – to acquire subsurface data for oil and gas exploration across onshore and offshore basins. In parallel, oil and gas company Tullow Oil is conducting exploration activities offshore Mauritania under a multi-year agreement.

Additionally, Mauritania announced in May 2024 that it is seeking a new partner to develop the BirAllah gas field, following the expiration of bp’s contract. With an estimated reserve of 60 trillion cubic feet of natural gas, BirAllah represents a significant opportunity for the sustainable growth of Mauritania’s gas industry. Further bolstering its energy portfolio, Mauritania signed an exploration-production contract in April 2024 with Taqa Arabia Co. Gas Consortium to develop the Banda gas field. Slated to kickstart production in 2027, the $1.3 billion project will further cement Mauritania’s position as a major gas producer. Amid these developments, AEW: Invest in African Energy represents an ideal platform for Minister Khaled to engage with global investors and sign strategic cooperation agreements to further advance its hydrocarbons sector.

Meanwhile, in addition to natural gas development and with a target to produce 12.5 million tons of green hydrogen by 2035, Mauritania is making strides in clean energy, enhancing cooperation with global partners and positioning itself as a key investment destination through policy reform. In September 2024, Mauritania approved its Green Hydrogen Bill, paving the way for the exploitation of wind and solar resources and the development of requisite infrastructure to establish the country as a clean energy hub. Among the country’s growing portfolio of green hydrogen projects are the 30 GW Aman project led by CWP and the 10 GW Nour project led by Chariot. Minister Khaled’s participation at AEW: Invest in African Energy will not only help attract fresh investments for Mauritania’s growing green hydrogen energy industry but enable the Minister to provide project updates.

“Mauritania is taking the right approach to developing its energy sector. By prioritizing investment in LNG and promoting both data acquisition and exploration, the country is laying the foundation for accelerate gas development. At the same time, Mauritania is driving projects forward across the green hydrogen sector, recognizing the vital role the resource will play in enhancing energy security,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber.

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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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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