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Moneda Invest Supports Micro, Small and Medium Enterprises (MSME) Skills Development in Oil & Gas, Joins African Energy Week (AEW) 2024 as Partner

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African Energy Week

As the premier event for the African energy sector, African Energy Week: Invest in African Energy 2024 will promote Africa’s local content development strategies

CAPE TOWN, South Africa, July 30, 2024/APO Group/ — 

Nigerian financial institution Moneda Invest and the Namibia Investment Promotion and Development Board (http://apo-opa.co/4dkmjJH) conducted virtual training sessions in July 2024. Aimed at equipping Micro, Small and Medium Enterprises (MSMEs) in the oil and gas industry with critical knowledge and skills, the sessions covered essential topics, including an introduction to the oil and gas sector and contracting strategies like Engineering, Procurement and Construction Management.

To further accelerate its mission of supporting African MSMEs in the oil and gas sector, Moneda Invest has launched a $500 million capital fund, based in Cape Town, South Africa. Targeting a $250 million investment from African and Africa-interested investors, the fund is specifically designed to bridge the financing gap faced by African SMEs in the energy industry. By providing access to capital, Moneda aims to empower these businesses to scale their operations, create jobs, and contribute significantly to Africa’s energy development.

In line with its commitment to foster growth in African energy while supporting MSME participation in oil and gas, Moneda Invest has joined this year’s edition of the African Energy Week (AEW): Invest in African Energy conference – taking place from 4–8 November in Cape Town – as a partner. Moneda Invest’s participation at the conference aims to strengthen opportunities for MSMEs across the sector by fostering collaboration and engagement among industry stakeholders.

Moneda is dedicated to unlocking the potential of Africa’s MSMEs by providing the necessary capital and expertise to drive their growth

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 https://apo-opa.co/4d7anvh for more information about this exciting event.

Investing in the energy value chain in Africa, Moneda offers technical and financial support to contractors who are looking to supply commodities, equipment or services across the energy and extractive industries. By 2025, the company aims to increase its operating fund size to $500 million, accelerate the volume of its transactions to $3 Billion while achieving an estimated social impact of $100 million over 5 years. Moneda also acquires industry data and information to support clients navigating the industry while supporting MSMEs in up-skilling – thus enabling them to compete in the industry.

In addition to technical and skills training, Moneda is providing financial support to help local businesses expand their operations and enhance their presence in both mature and emerging energy markets in Africa. During AEW 2022, Moneda signed a three-year partnership agreement with Namibia’s national oil company NAMCOR to collaborate on knowledge sharing, skills development and unlocking investment opportunities for MSMEs within the oil and gas sector. The agreement involved Moneda facilitating cooperation between Namibian MSMEs and experienced African energy companies. As part of the deal, Moneda committed to providing access to capital for ten Namibian companies in the hydrocarbons sector.  

As Namibia progresses with the development of its oil and gas discoveries – including French multinational TotalEnergies’ Venus-1X and Mangetti-1X wells, British multinational oil and gas company Shell’s Graff-1X, La Rona-1X, Jonker-1X and Lesedi-1X wells and Portuguese energy firm Galp’s Mopane-1X and 2X wells – the increased participation of local MSMEs will further strengthen the industry. At AEW: Invest in African Energy 2024, Moneda will provide an update on its activities within Namibia’s MSMEs and hydrocarbons sector, showcasing investment and partnership prospects for global investors.

Meanwhile, in Nigeria, Moneda has been instrumental in driving the growth of the oil and gas industry by facilitating the participation of indigenous companies by improving access to funding. Moneda works with various organizations such as the Nigerian Content Development and Monitoring Board and multilateral financial institution the African Export-Import Bank to provide Nigerian companies with capital and expertise. At AEW: Invest in African Energy 2024, Moneda will facilitate dialogue and collaborations between African oil and gas firms and international investors.

“Cooperation between public and private entities and international investors is vital to create a robust ecosystem for African MSMEs to contribute towards the development of the oil and gas industry. Moneda is dedicated to unlocking the potential of Africa’s MSMEs by providing the necessary capital and expertise to drive their growth.,” 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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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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Business

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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Business

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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