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Mozambique: Prime Minister Maleiane commends African Development Bank Group’s partnership

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Mozambique

Akin-Olugbade’s courtesy call on the prime minister is part of a six-day official visit to Mozambique

MAPUTO, Mozambique, July 12, 2023/APO Group/ — 

Mozambican Prime Minister Adriano Maleiane has given a resounding endorsement of the African Development Bank’s (www.AfDB.org) development strategy in his country. Receiving the Bank’s vice president for regional development, integration and business delivery, Marie-Laure Akin-Olugbade in his office on Thursday, Maleiane complimented the African Development Bank for what he said was its unique approach to development and partnership, which went beyond financing, to humanize its initiatives.

Akin-Olugbade’s courtesy call on the prime minister is part of a six-day official visit to Mozambique. Accompanying her were the group’s Director General for Southern Africa, Leïla Mokaddem and Country Manager for Mozambique, Cesar Augusto Mba Abogo.

Akin-Olugbade commended the Mozambican government for implementing various reforms that have helped to maintain the country’s stability, and for showing “strong resilience in the face of such exogenous shocks as climate change, Covid-19, conflict and terrorism.”

Earlier on Thursday, Akin-Olugbade and her team met with development partners and some members of the diplomatic corps in Maputo to discuss collaborative support to Mozambique. Partners included representatives from the World Bank, the Agence Française de Développement (AFD), the International Fund for Agricultural Development (IFAD), the European Union, the United Kingdom, Spain, Sweden, KfW, The United Nations Office for Project Services (UNOPS) and the United States Agency for International Development (USAID) participated in the meeting.

The African Development Bank team also held meetings with private sector groups as well as the government. Discussions with Economy and Finance Minister Max Elias Tonela on Wednesday focused on the implementation of the recently approved African Development Bank Country Strategy for Mozambique for the period 2023-2028.

Tonela welcomed the new country strategy paper and its alignment with the Mozambican government’s medium and long-term strategies for the economy and private sector development. He said both strategies focused on the creation of jobs and sustained social development.

Tonela noted: “This strategy is poised to strongly support Mozambique in implementing crucial economic reforms, enabling the country to realize its immense potential and achieve a positive economic outlook. It will serve as a robust framework in our collaboration for driving tangible growth and capitalizing on the abundant opportunities that lie ahead.”

African Development Bank Country Manager Abogo said: “With this Country

The African Development Bank has been actively engaged in Mozambique for more than 45 years, with investments in the country of up to $3.6 billion

Strategy Paper, we are aiming to maintain our hallmark as a strategic partner of reference for both the Government of Mozambique and other Development Partners who, like the African Development Bank, support this country in facing the challenge of achieving inclusive and sustainable growth.”

One of the African Development Bank-funded projects that the team visited was Agricultural Value-Chain and Youth Empowerment Project. It is a project that supports young farmers and their communities by providing horticulture, irrigation and livestock-related infrastructure. Following the visit, Akin-Olugbade remarked that peace and security are essential for sustainable economic development.

She said: “Conflict and violence undermine progress and have long-term adverse impacts. Addressing these issues is paramount for fostering inclusive growth and sustainable development.”

The African Development Bank’s Regional Development, Integration and Business Delivery complex—which Akin-Olugbade manages—oversees the Bank’s $30 billion portfolio and lending across its five regional hubs. It provides strategic leadership on the Bank’s work on fragility and regional integration.

Mokaddem said the visit was an opportune time to recognize the significant position Mozambique holds in the Bank’s ongoing innovative initiatives.

She said: “We have such examples as the [Bank’s] Security Indexed Investment Bond, the Dakar 2 Food Summit, and support to Zimbabwe’s debt arrears clearance, through the ongoing structured dialogue platform with the country’s creditors and development partners.” She added that this is a process being facilitated by  Mozambique’s former president Joaquim Chissano.

The African Development Bank has been actively engaged in Mozambique for more than 45 years, with investments in the country of up to $3.6 billion. It has allocated more than half of this funding in just the past decade.

Mozambique is a key focus of the African Development Bank’s various flagship initiatives for Africa’s transformation, one of them being its Special Agro-Industrial Processing Zones program.

The African Development Bank’s current country portfolio for Mozambique is worth $1.21 billion and is the second largest in the southern region. It comprises 29 projects across energy, transport, agriculture, social and economic governance sectors.

The Bank vice president and her team are visiting Mozambique through Friday, 7 July.  

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

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

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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