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Namibian Petroleum Commissioner Maggy Shino to Speak at African Energy Week (AEW) 2024, Amid Series of World-Class Orange Basin Discoveries

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Maggy Shino

Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of Mines and Energy, will discuss the country’s latest exploration activities at African Energy Week: Invest in African Energy 2024

CAPE TOWN, South Africa, August 14, 2024/APO Group/ — 

Following Galp’s hydrocarbon discoveries in the Mopane Structure in the offshore Orange Basin earlier this year – estimated to hold at least 10 billion barrels of oil and gas equivalent – Namibia has cemented its reputation as Africa’s premier exploration hotspot. Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of Mines and Energy, will lead discussions on the country’s evolution into a hydrocarbon producer and the status of existing high-profile discoveries by Shell and TotalEnergies at African Energy Week (AEW): Invest in African Energy 2024, scheduled for November 4-8 in Cape Town.

As a frontier market with a world-class proven petroleum system, Namibia has garnered the attention of major explorers and anticipates first oil from its deepwater Orange Basin by 2030. While TotalEnergies and Shell carry out appraisal of their respective discoveries – with TotalEnergies’ Venus-1 discovery estimated to hold over 5 billion barrels alone – Chevron is set to drill its first exploration well in PEL 90 by the close of 2024. Onshore, ReconAfrica recently spud the Naingopo-1 well as part of a multi-well exploration campaign in the Kavango Basin in PEL 73. Home to the highly prospective Damara Fold Belt, the area is estimated to contain over 22 trillion cubic feet of undiscovered gas.

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 Ministry’s proactive approach in advancing oil and gas exploration and appraisal activities

Reflecting dynamic interest in Namibia’s offshore acreage, the country has seen a series of farm-in deals in recent months. Last month, BW Energy farmed-in into PEL 73, contributing up to $141 million in working capital and stipulating the company’s participation in two Damara Fold Belt exploration wells and a 3D seismic program. Azule Energy acquired a 42.5% interest in Block 2914A in the Orange Basin from Rhino Resources Namibia in May 2024, while Eco Atlantic announced a farm-in into Block 1 in the Orange Basin from Tosaco Energy in June 2024. Global Petroleum is currently in early commercial discussions over a potential farm-in agreement for its PEL 94 in the offshore Walvis Basin.

Commissioner Shino is also expected to speak on Namibia’s long-term gas development plans. The country is targeting FID for the Kudu Conventional Gas Development this year, with production expected in 2026. The highly-anticipated project – currently in the Front-End Engineering and Design phase – will deliver gas to an 885 MW combined cycle gas turbine, boosting domestic power generation capacity and creating opportunities for diversified industries and economic growth.

To support its long-term production goals, the Ministry of Mines and Energy is advancing petroleum revenue management legislation, along with dedicated local content policies ahead of first production. These measures are designed to optimize the benefits of Namibia’s extractive sectors by ensuring effective revenue management and generating opportunities for the local workforce and value-added activities. During AEW: Invest in African Energy, Namibia’s industry milestones and future plans will be unveiled, affirming the role of private-public partnerships, local content policy formulation and sustained foreign investment in fast-tracking development of the country’s hydrocarbon resources.  

“Ongoing discoveries in the Orange Basin underscore Namibia’s potential to stimulate broad economic growth and attain energy security not just for the country, but also the wider SADC region. The Ministry’s proactive approach in advancing oil and gas exploration and appraisal activities, as well as local content policies, will be crucial in realizing these goals and establishing a model for other emerging producers to follow,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

At AEW: Invest in African Energy 2024, Commissioner Shino and the Namibian delegation will present ongoing projects, discuss new exploration opportunities and engage with global industry leaders and stakeholders to further Namibia’s oil and gas ambitions. The event promises to be a pivotal platform for showcasing Namibia’s potential and attracting new investments to its burgeoning upstream sector. 

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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