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Moyes & Co, Envoi Limited, FarmoutAngel to Host African Farmout Forum at African Energy Week (AEW) 2024, Connecting Investors to African Blocks

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African Farmout Forum

The African Farmout Forum showcases available block opportunities across the continent; it provides oil companies and investors with a strategic opportunity to gain first-hand insight into available blocks and farmout deals in Africa’s oil and gas industry

CAPE TOWN, South Africa, July 4, 2024/APO Group/ — 

Taking place at AEW: Invest in African Energy on November 4, the African Farmout Forum provides a platform for independent exploration and production companies, IOCs and NOCs to pitch their projects to potential investors and partners. The forum will feature 7-minute deal pitches, a wall of farmouts and networking opportunities whilst also allowing participants to initiate conversations and relationships that can be further explored throughout the conference week.

Led by global energy advisor Moyes & Co; independent acquisition and divestment advisor Envoi Limited; and oil and gas asset deals platform FarmoutAngel, the African Farmout Forum builds on the success of the 2023 edition, where 28 farmouts were promoted.

Companies interested in pitching their farmout or deal should contact Envoi Limited at deliver@envoi.co.uk;  Moyes & co at cmoyes@moyesco.com and ore.onagbesan@energychamber.org.

African Energy Week (AEW): Invest in African Energy conference:

The largest event of its kind in Africa 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.

The African Farmout Forum at AEW: Invest in African Energy 2024 is not merely a transactional platform; it represents a catalyst for reshaping the African energy sector

As one of the final frontiers for oil and gas exploration worldwide, Africa offers a wealth of opportunities for exploration and production companies alike. In recent months, the continent has witnessed a robust mix of M&A activity as companies move to unlock new basins and strengthen production in mature markets.

According to the African Energy Chamber’s (AEC) 2024 State of African Energy Outlook, M&A activity in Africa in 2023 reached a total transaction value exceeding $3.2 billion in deals either announced or closed. Notable deals include Maurel & Prom’s acquisition of Assala Energy for $730 million and energy major Eni’s divestment of its Nigerian onshore blocks to Nigerian oil and gas company Oando Petroleum. Exploration farm-in activity in Egypt’s offshore Mediterranean sector saw notable partnerships in 2023 between international energy companies ExxonMobil, Woodside Energy and Chevron.

In recent upstream acquisition activity across African hotspots, notable developments underscore the increasing interest of international companies in securing stakes in promising assets. Recently, Angolan independent energy firm Azule Energy acquired a 42.5% stake in Block 2914A in Namibia’s Orange Basin through a farm-in agreement with exploration company Rhino Resources Namibia. Similarly, Chevron Namibia Exploration Limited secured an 80% working interest in PEL 82 offshore Namibia, with Namibian NOC Namcor and local firm Custos Energy retaining a 10% carried interest. In the Republic of the Congo, Trident Energy signed agreements with Chevron and TotalEnergies to acquire interests in operational fields including Moho-Bilondo, Nkossa, Nsoko II and the Lianzi fields.

In addition to partnership opportunities, Africa expects a slate of licensing rounds to be launched in 2024/2025, enabling exploration and production companies to tap into undeveloped acreage. Nigeria recently launched its 2024 Deepwater Bid Round, offering 19 oil and gas blocks – including new and deep offshore assets – while the Democratic Republic of the Congo is evaluating applications for its 2022 Bid Round, offering 24 onshore blocks. Tanzania, Uganda, Somalia and Kenya are also preparing for their respective licensing rounds, while Angola will offer up to 10 blocks in its 2025 Limited Public Tender, aiming to increase oil and gas production to over 1.1 million barrels per day.

Egypt is also set to launch an international bid round in the coming months, while Libya’s National Oil Corporation is preparing for a licensing round to ramp up oil production. Additionally, Algeria is anticipated to launch its 2024 Bid Round, offering onshore blocks as part of its strategy to maximize its gas and LNG potential.

“The African Farmout Forum at AEW: Invest in African Energy 2024 is not merely a transactional platform; it represents a catalyst for reshaping the African energy sector. By uniting key industry players and facilitating dynamic interactions, it sets the stage for investments and partnerships. Against the backdrop of increased M&A activity and the initiation of licensing rounds across Africa, this forum emerges as a pivotal space for forging strategic alliances, assessing investment opportunities and fostering transformative growth in the region’s energy landscape,” states NJ Ayuk Executive Chairman of the AEC.

To secure a pitching slot, please email speaker@aecweek.com

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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