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New Greater Tortue Ahmeyim Milestone Achieved with Floating Production, Storage and Offloading Sail Away

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Tortue Ahmeyim

With the departure of the Floating Production, Storage and Offloading vessel from China, the MSGBC’s first hydrocarbon production is officially drawing near, opening up new opportunities for broader economic growth

NOUAKCHOTT, Mauritania, January 24, 2023/APO Group/ — 

Project partners bp and Technip Energy have announced that the Floating Production, Storage and Offloading (FPSO) vessel has officially left China, heading towards the Greater Tortue Ahmeyim (GTA) development on the maritime border of Senegal and Mauritania.

The MSGBC region’s first hydrocarbon production is officially in sight, signaling new opportunities for widespread economic growth on the back of energy security and industrialization.

Sailing Towards First Gas, Improved Security

On January 20, the FPSO vessel officially left China, bound for Senegal and Mauritania via Singapore. It’s departure from China follows three years of construction and successful sea trials, with the facility – comprising eight processing and production modules and measuring 270m in length, 54m in width and 31.5m in depth – set to accommodate 140 people onboard while processing gas for the GTA’s associated Floating Liquefied Natural Gas (LNG) facility.

Representing a critical part of the wider GTA development, the FPSO vessel (https://bit.ly/3XTSvvT) will enable the processing of up to 500 million standard cubic feet of gas, as well as the production of 2.3 million tons of LNG per annum (mtpa) as part of the GTA’s first phase of development. In its second phase, this figure will increase twofold, with up to 10 mtpa set to be produced. 

Speaking to the achievement, Gordon Birrell, Executive Vice President of Production and Operations of bp, stated (http://bit.ly/3Hs4JGA) that, “This is a fantastic milestone for this important project, which is a great example of bp’s resilient hydrocarbon strategy in action. The team has delivered this in a challenging environment, including through COVID, always keeping safe operations at the heart of what they do. With the continued support of our partners, Societé Mauritanienne des Hydrocarbures (SMHPM) in Mauritania, Petrosen in Senegal and Kosmos Energy, we remain committed to helping both countries to develop their world-class resources in a sustainable way.”

What Does First Production Mean for the MSGBC Region?

This is a fantastic milestone for this important project, which is a great example of bp’s resilient hydrocarbon strategy in action

Jointly developed by operator bp; Kosmos Energy; Mauritania’s Ministry of Petroleum, Energy and Mines; Senegal’s Ministry of Petroleum and Energies; as well as Mauritania’s National Oil Company (NOC) SMHPM and Senegal’s NOC Petrosen, with Technip Energies (http://bit.ly/3XUHM4w) having been awarded the Engineering, Procurement, Construction, Installation and Commissioning contract, the GTA – as the largest hydrocarbon development underway in the region – is on track for first production by Q3 this year with the departure of the FPSO vessel. The project itself is set to transform the regional energy space by introducing a long-term and viable supply of natural gas, thereby opening up opportunities for power generation, industrialization and revenue generation via exports. Up to 15 trillion cubic feet (tcf) of recoverable reserves will be maximized at a time when global stakeholders are looking at capitalizing on African gas resources.

However, the celebration of first gas does more than demonstrate the resilience of the respective governments to monetize offshore gas resources. Quickly following the start of the GTA, Senegal’s pioneer oil development, the 100,000 barrel per day Sangomar Project, is also set to see first production, further solidifying the commitment of both the energy majors involved and regional governments. In early December 2022, project developer Woodside Energy announced that the FPSO vessel has completed construction for the Sangomar Phase 1 Field Development, with production now on track for late-2023.

With these developments, a new era of energy security is in sight for the region at a time when global markets are in a constant state of volatility. For Africa, first production at the GTA and Sangomar will kickstart industrialization and electrification, triggering opportunities across multiple sectors of the economy. For the global energy sector, a new supply of oil and gas will be on the market, enabling the transition away from Russian dependency and advancements in stability.

What’s more, the success of both GTA and Sangomar are set to create a ripple effect of project takeoffs across the region, with project developers hoping to mirror the success of these pioneering projects. Notably, GTA’s neighboring development, the 13 tcf Mauritania -based BirAllah project – representing the largest deepwater gas discovery of 2019 – has long been slated as a follow up to the GTA project itself. Following first production from the GTA, interest is expected to turn to BirAllah, with project developers looking towards a final investment decision (FID). Similarly, the bp-Kosmos partnership has earmarked this year for the securing of the FID of Senegal’s 20 tcf Yakaar-Teranga project (http://bit.ly/3XB54fK), a promising new development located in the Cayer Profond Block to the south of the GTA.

As such, the success of first hydrocarbon production will trigger growth across the entire energy industry and wider economy, with details of these benefits set to be unpacked during the 2023 edition of the MSGBC Oil, Gas & Power Conference and Exhibition (http://bit.ly/3kcOx2O) – taking place from November 21-22 in Mauritania.

During the 2022 edition, project developer Kosmos Energy delivered an update on the GTA project, and now, during the 2023 edition in November, relevant parties will not only celebrate first production but discuss what happens next as well as the progress of other developments. 2023 is set to be the year of first hydrocarbon production for the MSGBC region, but 2024, the start of a new era of multi-project takeoff.

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

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Hainan FTP marks 6-month milestone of special customs operations, signs deals during Hong Kong visit

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – As the Hainan Free Trade Port (FTP) marked the six-month milestone since the launch of its full special customs operations, a Hainan provincial delegation wrapped up a three-day visit to Hong Kong. During the visit, the delegation signed deepened cooperation agreements with several major local chambers of commerce and promoted the latest policies introduced since the island-wide special customs operations took effect.

According to data released by Hainan Province during the visit, Hainan’s foreign trade has surged since the launch of special customs operations. As of June 17, the province’s total goods imports and exports reached RMB 173.98 billion (approximately US$24 billion), up 54.6% year on year. Imports of zero-tariff goods hit RMB 2.645 billion, a 120% jump that generated tariff savings of RMB 440 million. A total of 172,100 new market entities were registered—a 61% increase—including 1,240 foreign-invested enterprises. Zero-tariff items now account for 74% of all tariff lines, benefiting more than 12,000 market entities.

During the Hong Kong visit, China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) signed separate deepened cooperation MOUs with the Chinese General Chamber of Commerce, Hong Kong and the Hong Kong General Chamber of Commerce. Under the MOUs, the parties will establish a regular liaison mechanism for the periodic exchange of economic and trade information, and will promote collaboration in areas including professional services, green finance, the digital economy, supply chain management, and cultural tourism. Mutual enterprise service desks will be set up to provide consulting services regarding policies and projects. The parties will leverage their complementary strengths to help Chinese mainland enterprises access overseas markets via Hong Kong, while facilitating Hong Kong companies’ entry into the Chinese mainland through Hainan.

The delegation also held talks with the British Chamber of Commerce in Hong Kong and the American Chamber of Commerce in Hong Kong, exploring ways for British and American businesses to leverage Hainan’s value-added processing tariff exemptions and multifunctional free trade accounts to position themselves in regional supply chains and cross-border investment and financing. HSBC, De Beers, and other British firms are already active in Hainan, and the UK served as the Guest of Honor country at the 2025 China International Consumer Products Expo.

According to industry analysts, amid the shifting international trade landscape, Hainan is leveraging Hong Kong’s “super-connector” role to accelerate its integration with global capital and business networks, while simultaneously offering the Hong Kong business community a policy testing ground for entering the Chinese mainland market.

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Africa’s Grid Constraints Come into Focus as Regional Markets Push Toward Integration

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Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.

In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.

Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.

Power Markets Experiment with Reform

Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.

Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.

Interconnected electricity markets are the foundation of Africa’s industrial future

Regional Integration Remains Fragmented

Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.

West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.

Building Bankable Financial Architectures

While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.

New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.

“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”

The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.

Distributed by APO Group on behalf of African Energy Chamber.

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African Development Bank Group and La Francophonie Sign Partnership Agreement to Promote Youth Employment in Francophone Africa

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The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France

PARIS, France, June 25, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) and The International Organization of La Francophonie (OIF) on Wednesday entered a strategic partnership to strengthen digital skills, employability, and entrepreneurship of young people and women in five African countries: Benin, Cameroon, Guinea, the Democratic Republic of the Congo and Madagascar.

 

The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France. The agreement will address a major challenge faced by countries in the Francophone world and across Africa: providing young people with access to opportunities offered by the digital economy and fostering the emergence of a new generation of entrepreneurs.

The partnership calls for the implementation of training programs in digital professions and entrepreneurship, in fields such as web and mobile development, cybersecurity, artificial intelligence, and data analysis. Participants will also receive guidance toward employment and self-employment, as well as support for innovation and business creation, notably through training camps, prototyping activities, and partnerships with incubators and accelerators.

The African Development Bank Group and OIF will also work with national authorities in these five countries and training institutions to sustainably strengthen local capacities and promote ownership of the programs by national stakeholders. An initial pilot phase, lasting 12 to 24 months, will be rolled out in the five partner countries, followed by a gradual expansion to other member states depending on the results achieved.

The African Development Bank Group is pursuing a bold agenda based on “Four Cardinal Points” developed by Dr Ould Tah, the third of which is ‘Turning Demographics into a Dividend.’ This is about strategically converting Africa’s rapidly growing and youthful population into a decisive engine of inclusive growth, productivity, and innovation through large-scale investment in human capital—particularly youth and women.

 

It sees Africa’s growing young population not as a risk, but as a major asset. With the right policies and investments, this potential can create jobs, help small businesses grow, bring more informal businesses into the formal economy, and equip young people with the skills needed for the future. By investing more in education, science and technology, vocational training, entrepreneurship, finance, and digital tools, Africa can help its people drive economic transformation, stay competitive, and build lasting, resilient growth.

The OIF said the agreement marked the first concrete step in its initiative to mobilize innovative and additional funding for its most impactful projects.

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

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