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One Week to Go until Industry Experts Gather at the Invest in African Energy Forum in Paris

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African Energy Forum

From the rich oil and gas reserves in East and Southern Africa to the renewable energy prospects in North Africa and the dynamic markets of the CEMAC region, in one week, the Invest in African Energy Forum in Paris will showcase the lucrative investment opportunities across the African energy market

JOHANNESBURG, South Africa, May 25, 2023/APO Group/ — 

While prolific hydrocarbon basins present new opportunities for E&P players, the energy transition triggers newfound focus on renewable energies and rising demand sees priority placed on infrastructure development, the African Energy Chamber’s (www.EnergyChamber.org) Invest in African Energy Forum in Paris unites African and European energy stakeholders to discuss investment opportunities across the African energy sector. With just one week remaining until this ground-breaking Forum takes place at the Westin Paris Vendome on June 1, the Forum promises to be a game-changer for the energy industry, as participants gather to explore investment opportunities and forge partnerships that will shape the future of Africa’s energy landscape.

The Invest in African Energy Forum in Paris brings together a distinguished line-up of speakers and industry experts, providing valuable insights on a wide range of topics. With a focus on oil and gas exploration and production, the growing significance of renewables, and the importance of local content initiatives, the forum will offer a comprehensive understanding of Africa’s immense energy potential. Esteemed speakers will share their experiences, expertise, and success stories, highlighting key trends, investment opportunities, and challenges faced across the African sector. Attendees will gain unparalleled access to the latest developments and investment prospects, as well as learn from the lessons and best practices shared by industry leaders.

With proven reserves of 620 trillion cubic feet of gas and 125.3 billion barrels of oil, Africa boasts significant energy resources. Among the top oil and gas producers in Africa are Nigeria, Angola, Libya, Egypt, Algeria and Congo, all of which have long-been key players in the industry. However, smaller markets such as Equatorial Guinea, Senegal, and Mozambique are making notable strides to contribute to Africa’s growing hydrocarbon sector. These countries are among those that are actively attracting investments, developing their resources, and establishing themselves as important players in the global energy landscape. With this in mind, the Invest in African Energy Forum in Paris will serve as a gathering place where deals can be signed for new and existing projects within the continent.

Through continued partnerships with France and Europe, we can foster greater collaboration, technology transfer, and sustainable development in the energy sector

On the renewables front, the continent is also harnessing its significant solar, wind and hydrogen potential, with the current pipeline capacity reaching 120 GW, 134 GW and 112 GW for these resources, respectively. These renewable energy resources offer a significant opportunity for French and European countries looking at investing in the continent’s clean energy future. With abundant solar potential, notable projects like Morocco’s 580 MW Ouarzazate station, Egypt’s 1.8 GW Benban Solar development, and South Africa’s 175 MW De Aar solar project demonstrate the continent’s progress. Regarding wind energy, projects such as Senegal’s 158 MW Taiba N-diaye; Egypt’s 250 MW West Bakr and 262.5 MW Ras Ghareb; and Kenya’s 310 MW Lake Turkana further highlight investment prospects while ambitious hydrogen projects such as Mauritania’s $40 billion CWP Global-led megaproject; Namibia’s $9.4 billion HYPHEN Hydrogen-led development; and South Africa’s $4.6 billion Green Ammonia Plant demonstrate the significant potential for hydrogen-related developments in Africa. 

What’s more, the Invest in African Energy Forum in Paris will also focus on the importance of empowering local communities and businesses, examining strategies to enhance local participation, and showcasing successful initiatives that promote sustainable development while prioritizing local communities.

What sets this Forum apart is the active involvement of the host country, France, in Africa’s energy sector. France’s contribution to Africa’s energy sector goes beyond funding and projects. French companies and investors actively promote technology transfer and knowledge sharing, empowering African nations to enhance their technical capabilities. Through capacity building and partnerships, France strengthens its relationship with Africa, fostering cooperation and mutual benefits in the energy sector. Notably, French companies like TotalEnergies have played a significant role in Africa’s oil and gas activities, with longstanding operations in countries such as Angola, Nigeria, and achieving notable milestones in Namibia’s Orange Basin. Other companies such as Technip Energies represent valuable service providers while clean energy firms such as EDF Renewables and ENGIE continue to drive impactful projects and knowledge sharing.

“The Invest in African Energy Forum in Paris will drive investments into Africa’s energy sector and shape the future of our continent. It provides a unique platform for industry leaders, investors, and policymakers to unite and explore the vast opportunities that Africa offers. Through continued partnerships with France and Europe, we can foster greater collaboration, technology transfer, and sustainable development in the energy sector. This Forum is a must-attend for anyone looking to be a part of Africa’s energy transformation and unlock its immense potential,” states NJ Ayuk, Executive Chairman of the AEC.

Taking place on June 1st, 2023, at the Westin Paris Vendome in France, the Invest in African Energy Forum in Paris is open to all guests and RSVP (https://apo-opa.info/3KQXc64) is essential. RSVP to registration@aecweek.com.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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