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Reassuring Investor Confidence in the Central African Economic and Monetary Community (CEMAC) Region

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CEMAC member countries offer a wealth of natural and mineral resource opportunities for global investors, and addressing regional trade and forex challenges will bolster private sector-led growth

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JOHANNESBURG, South Africa, March 5, 2024/APO Group/ — 

In a bid to safeguard foreign exchange reserves in the region, the Bank of Central African States (BEAC) imposed stricter rules on currency transfers and payments in January 2022 – a move it has been unwilling to reverse despite opposition by energy stakeholders and leaders. Recent regulation significantly impacts dollar-dominated industries – such as the oil and gas sector -, and reform is imperative to regain foreign investor confidence in West African oil and gas.

The upcoming African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 in Cape Town – will delve into the West African region’s vulnerability caused by foreign exchange regulations. Centered around facilitating investment in African oil and gas, the event unites regional energy leaders, financial institutions and foreign investors to discuss strategies for improving business environments; facilitating cross-border deals; and reassuring investor confidence.

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 aecweek.com for more information about this exciting event.

E&P Remains Top of the Agenda

Member countries of the Central African Economic and Monetary Community (CEMAC) – namely, Cameroon, Chad, Central African Republic (CAR), Equatorial Guinea, Gabon and the Republic of Congo – have all implemented targets to increase hydrocarbon exploration and production through regional collaboration. Gabon aims to produce 220,000 barrel per day (bpd) in the short-term while Congo plans to increase oil production to 500,000 bpd within a year and double gas production within two-three years. Equatorial Guinea also plans to increase regional gas monetization, with agreements with Cameroon to develop the Etinde gas field already in place.

Recent E&P developments are critical for achieving these goals. In Gabon, independent oil and gas company Perenco has spud an appraisal well to assess the quantity of resources at the Hylia South West field. The asset is currently producing 6,000 bpd and the new appraisal well aims to determine its full potential. Independent oil and gas company Vaalco Energy extended the life of the Etame field in Gabon with the replacement of an aging FPSO with an FSO alongside platform upgrades. Now, the project will produce beyond 2030. Energy major TotalEnergies has extended its presence in Gabon by another 25 years, while signing a new contract for the Baudroie-Mérou Marine G5-143 permit, effective until 2047.

Forex has to be something that we are serious about and that is why the African Energy Chamber (AEC) is convening the Africa Energy Finance Summit at AEW

In Cameroon, Perenco has kicked-off a five-well drilling campaign at the Kita Eden field, located in the northern Rio del Rey basin. Discovered 40 years ago, the field has been equipped with a specially-designed shallow water barge. Energy major Chevron is developing the YoYo Block in Cameroon’s Douala Basin, with a bilateral treaty signed between Cameroon and Equatorial Guinea in 2023 paving the way for the field’s joint development with the neighboring Yolanda field. The fields development aligns with Equatorial Guinea’s Gas Mega Hub (GMH) project – aimed at monetizing stranded gas resources across West Africa. Chevron signed a Heads of Agreement in 2023 to progress with the next phase of the GMH.

Meanwhile, Vaalco Energy is nearing FID for the 20 million-barrel Venus development in Equatorial Guinea’s Block P. Following the completion of the joint operating agreement, the company expects to progress with the FEED study, aiming for FID in Q3 or Q4 this year. In Congo, energy major Eni began feeding gas into the Tango LNG facility in December 2023, representing a milestone for the project. Tango LNG is expected to start production in 2024, only 12 months after reaching FID. Perenco also expanded its presence in the country in 2023, acquiring Eni’s participating interests in several permits.

Investment Hinges on Policy Reform

All of these developments demonstrate the potential of West African oil and gas. However, to ensure these finds translate into tangible project developments, CEMAC countries need to prioritize an enabling environment and attracting foreign investment through pro-business policies. CEMAC member countries hold some of the lowest positions in the World Bank’s latest Ease of Doing Business index (2020). Out of 190 countries, Cameroon is 167; Gabon is 168; Equatorial Guinea is 178; Congo is 180; Chad is 182 and CAR is 184. Ineffective fiscal policies are largely to blame as they make it difficult to invest, featuring high tax rates, weak Production Sharing Contracts, and delayed project approval timelines. Additionally, BEAC’s foreign exchange regulation makes it challenging for foreign currency accounts to be domiciled in the region, further impacting FDI.

“Forex has to be something that we are serious about and that is why the African Energy Chamber (AEC) is convening the Africa Energy Finance Summit at AEW, where we will unite governments from across the region to discuss issues relating to enabling environments. We have got to incentivize growth,” stated NJ Ayuk, Executive Chairman of the AEC.

As foreign investment becomes more competitive than ever with FDI shifting towards fewer, capital-intensive projects, incentivizing investment becomes imperative. The judiciary has a role to play in this area, as it provides comfort and long-term security for operators in the region. The judiciary, through reviewing how systems approach labor, arbitration, disputes and how companies are treated, will essentially make it easy to invest. Meanwhile, a shift from resource nationalism to independent systems is expected to further reinstate investor confidence in CEMAC oil and gas, with transparency allowing countries to attract a broad investor base and lessen the volatility of international capital flows. Addressing these challenges, providing fiscal incentives for foreign companies and cutting red tape will not only facilitate cross-border deals but enable member countries to meet their E&P targets.

In addition to foreign exchange policies, local content laws have become restricted with the BEAC regulation, failing to incentivize growth and opportunity for local players. CEMAC countries have the chance to leverage local content to stimulate the development of new fields, attract new investments while making the market increasingly competitive. Policy reform will, therefore, not only attract foreign capital to the region but enabling the growth of domestic markets,

Conversations around improving the investment environment across the CEMAC region will be a key topic during this year’s AEW: Invest in African Energy conference in Cape Town. Under the theme, Energy Growth through an Enabling Environment, the event integrates the entire African energy value chain with the objective to increase investment and make energy poverty history by 2030. Join the conference today and be part of the conversation.

Distributed by APO Group on behalf of African Energy Chamber.

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Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

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Etu Energias

Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

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

 

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Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

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The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

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Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

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In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

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