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Perenco to Shape Critical Exploration and Production Dialogue as AEW 2022 Bronze Sponsor

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Perenco

Perenco will be shaping conversations around how Africa can boost the exploration, production and exploitation of its oil and gas resources as a bronze sponsor at this year’s edition of African Energy Week

JOHANNESBURG, South Africa, August 23, 2022/APO Group/ — 

With Africa seeking to maximize oil and gas exploration and production to address its energy access and security issues, this year’s edition of the African Energy Week (AEW) (AECWeek.com) conference and exhibition, Africa’s biggest event for the energy sector which will take place from 18 – 21 October 2022 in Cape Town, will explore best practices for enhancing operations across the continent’s entire hydrocarbon value chain. As one of the leading international independent oil and gas companies driving exploration and production across Africa’s mature and emerging markets independent Anglo-French firm, Perenco, will participate as a bronze sponsor at AEW 2022, shaping crucial discussions on current trends, challenges and opportunities within the continent’s upstream sector.

Through its upstream operations across west Africa, Perenco has been at the forefront of boosting the continent’s oil and gas production capacity via a series of partnerships with national oil companies (NOC) and majors. Notably, in the Democratic Republic of Congo, Perenco is the only company operating in the basin – with 11 production fields producing 25,000 barrels of oil per day (bpd) on average while heavily investing in new wells. Additionally, in Gabon, Perenco has optimized drilling campaigns and expanded oil production from 8,000 bpd in 1992 to 100,000 bpd as well as 50 million cubic feet of natural gas in 2021. Finally, in Congo-Brazzaville, the company has strengthened production from 4,000 bpd to 70,000 bpd.

The Chamber continues to celebrate Perenco’s efforts in boosting production lines across Africa’s hydrocarbon-rich basins

With the demand for low-emission natural gas rapidly expanding both at continental level – as Africa seeks to provide 900 million of its people with access to clean cooking while fueling major industries – and at global level – as the energy transition intensifies and geopolitical trends such as the Russia-Ukraine war increases global demand for gas – Perenco is playing a key role in fast-tracking the development of African gas projects. In partnership with Cameroonian NOC, Société Nationale des Hydrocarbures, Perenco developed and is operating the Hilli Episeyo Floating Liquefied Natural Gas facility, the first of its kind worldwide. Moreover, with Cameroon’s gas market headed towards growth, Perenco is at the head of development with the company operating a number of gas projects for domestic consumption and export.

As Africa seeks to boost the utilization of its estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas reserves to drive socioeconomic growth, Perenco’s know-how regarding exploration, the development of new reservoirs as well as increasing production capacity will be crucial for capitalizing on the continent’s hydrocarbons potential. In this regard, as a bronze sponsor for AEW 2022, Perenco will help shape discussions around the company’s operations and future growth plans in line with the continent’s energy goals.

“The Chamber continues to celebrate Perenco’s efforts in boosting production lines across Africa’s hydrocarbon-rich basins as output declines due to natural diminishes in legacy projects and a lack of adequate upstream investments. The recent acquisition of Glencore’s oil assets in Chad by Perenco is a strong confirmation of the company’s commitment to continue its operations as a reliable partner for African energy producing countries seeking to maximize production, exploitation and monetization for sector reliability and GDP growth,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC).

Under the theme, ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,’ AEW 2022 will host Perenco in high-level meetings and networking forums with local and international experts and organizations from across the energy ecosystem, discussing the role international independents such as Perenco will play in Africa’s energy future.

Distributed by APO Group on behalf of African Energy Week (AEW).

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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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February 6, 2026

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Debate

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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2 days ago

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February 6, 2026

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CLG

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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February 6, 2026

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ITFC

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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