Business
Nigeria’s Seplat Energy to Promote Gas-Focused Investments at African Energy Week (AEW): 2024
Published
2 years agoon
Seplat Energy’s CEO Roger Brown has joined the African Energy Week: Invest in African Energy conference
CAPE TOWN, South Africa, April 12, 2024/APO Group/ —
Roger Brown, CEO of Nigerian independent oil and gas company Seplat Energy, will speak at the African Energy Week (AEW): Invest in African Energy conference – Africa’s premier energy event, slated for November 4-8. Committed to leading Nigeria’s energy transition through the development of gas resources, Seplat Energy’s participation will contribute to discussions around sustainable energy development in Africa.
Seplat Energy aims to start production at the $650 million ANOH Gas Processing Plant in Nigeria by Q3, 2024. Set to increase the company’s gas production two-fold, the project achieved mechanical completion in December 2023. A strategic development for the company, the project will produce 300 million cubic feet of gas per day (mcf/d) – predominantly for the domestic market – thereby supporting the transition away from diesel-fired power generation in Nigeria. During AEW: Invest in African Energy, Brown will provide insight into the role of gas in Africa as the event aims to increase investment across the energy value chain.
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.
Seplat Energy is laying the foundation for Nigeria’s economy to grow through gas
In addition to the ANOH Gas Processing Plant, Seplat Energy aims to complete upgrades to its Sepele Gas Plant this year. The upgrades will increase the project’s production capacity from 60 mcf/d to 90 mcf/d, with processed gas set to meet export specifications while eliminating flared practices. Seplat Energy also operates the Oben Gas Plant, situated near the Oben field in Edo State. Gas is supplied from the Oben-48, Oben-49 and Oben-50 wells, utilized for power generation purposes. Currently, the facility accounts for 35% of the country’s electricity.
Meanwhile, Seplat Energy has extensive upstream operations, with interests in several onshore and shallow offshore assets. The company received regulatory approval for the Field Development Plan for the Sibiri prospect – situated in OML 40 – in February 2024. The prospect holds a base-case oil-in-place estimate of 91.1 million barrels. OML 40 also comprises the producing Opuama field and the Gbetiokun field. Additionally, Seplat Energy holds a 40% working interest on OML 53, which comprises the producing Jisike oilfield and the undeveloped Ohaji South gas and condensate field – set to be connected to the Assa North field as part of the ANOH project. With shallow oil development potential at Ohaji South, Seplat Energy plans to focus on developing shallow oil reservoirs alongside increasing production at Jisike.
Additionally, Seplat Energy owns a 45% working interest in OMLs 4, 38 and 41, with liquid production averaging 14,866 barrels per day and gas production measuring 114.1 mcf/d (2023). Since the blocks acquisition in 2010, the company has gradually increased production through the development of new wells and remains committed to increasing gas supplies for power generation in Nigeria. Gas produced at OML 4 – which includes the Oben field – will serve as feedstock for the Oben plant. Other stakes include a financial interest in OML 53 – containing five producing fields – and a 40% non-operated working interest in the Umuseti/Igbuku Marginal Field Area – part of OML 56.
“The monetization of Africa’s gas resources will play a strategic part in delivering affordable, reliable and sustainable energy for the population. Through its project portfolio and investments, Seplat Energy is laying the foundation for Nigeria’s economy to grow through gas. The country has over 200 trillion cubic feet of gas reserves and Seplat Energy is making great strides towards ensuring these resources benefit the domestic market,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.
Uniting investors and developers with African projects, AEW: Invest in African Energy takes place under a mandate to make energy poverty history by 2030. The event promotes the development of African gas, recognizing the role the resources play as a catalyst for multi-sector growth in Africa. Brown’s participation during the event this November will strengthen the discussion on monetizing African gas.
Distributed by APO Group on behalf of African Energy Chamber.
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February 27, 2026
This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains
Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.
The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.
Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties
U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.
Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.
“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”
While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.
USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com
Distributed by APO Group on behalf of Energy Capital & Power.
Published
5 days agoon
February 27, 2026
The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders
Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.
The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.
Kenyan banks will now be able to offer faster, cheaper cross-border payments
PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.
Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.
The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.
Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”
Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”
Distributed by APO Group on behalf of Afreximbank.
Published
5 days agoon
February 27, 2026
Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade
The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.
The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.
Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.
The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors. The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.
The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us
The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.
Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”
“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”
With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.
“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.
ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.
The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”
For more information and registration, please visit https://apo-opa.co/4sdXWF7
Distributed by APO Group on behalf of Access Bank PLC.
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