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Republic of Congo Hydrocarbons Minister to Discuss Gas Monetization at Angola Oil & Gas (AOG) 2024

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Hydrocarbons

Both the Republic of Congo and Angola have outlined ambitious oil and gas production targets, representing strategic areas for bilateral investment and cooperation

LUANDA, Angola, July 4, 2024/APO Group/ — 

Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo (ROC), has joined the Angola Oil & Gas (AOG) conference as a speaker. During the conference – scheduled for October 2-3 in Luanda – Minister Itoua will provide insight into emerging opportunities in oil exploration, gas monetization and LNG development, as well as potential areas for collaboration between the two countries.

Both ROC and Angola have set bold production targets, aiming to increase oil output to 500,000 barrels per day (bpd) and 1.1 million bpd, respectively. Both countries’ favorable investment climates have sparked the interest of a strong slate of E&P firms, with AOG 2024 set to not only support national oil and gas objectives, but also offer a platform for engagement in emerging cross-border projects.  

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

To support oil production, ROC is promoting investment in frontier exploration alongside incremental production from existing assets. The Central African country – with 1.8 billion barrels of proven oil reserves – has several upstream campaigns underway that aim to unlock new discoveries. Independent energy company Perenco, for example, completed 3D seismic surveys at the Tchibouela II, Tchendo II, Marine XXVIII and Emeraude permits in November 2023. Energy major TotalEnergies has announced plans to invest $600 million to drive exploration and production activities in the country, specifically through the development of the Moho Nord field. The field currently accounts for nearly half of total Congolese oil production, producing an estimated 140,000 bpd. The investment will support drilling operations in line with national targets to bolster output.

Meanwhile, ROC is committed to monetizing its gas resources through both associated and non-associated projects. The country reached a milestone in March 2024 with the delivery of its first LNG cargo to Italy from the Congo LNG development. As the country’s inaugural LNG facility, the project employed a fast-tracked approach whereby LNG was produced just 12 months after FID. By 2025, the Congo LNG project is expected to produce 2.4 million tons per annum, with ROC joining the likes of Angola as a major African LNG exporter.

Further supporting its gas monetization drive, ROC is making progress with the development of the Bango Kayo project. Set to reach peak oil production of 50,000 bpd, project developer Wing Wah is deploying an integrated approach to expand the project through multiple phases. The project will begin monetizing previously-flared gas to support the country’s industrial sector, serving as a model for other African oil producers including Angola, which is striving to maximize production from mature assets.

Minister Itoua’s participation at AOG 2024 not only speaks to the caliber of the event as the premier oil and gas conference in Angola, but creates new opportunities for bilateral collaboration in the fields of LNG production and oilfield development. Angola and ROC – both offering promising opportunities in offshore exploration and tie-ins to existing onshore infrastructure – represent highly attractive hydrocarbons markets, with the AOG 2024 conference set to connect global investors with prospective opportunities.

Minister Itoua will be joined by Maixent Raoul Ominga, Managing Director of the Congo’s national oil company Société Nationale des Pétroles du Congo at AOG 2024. For more information, visit www.AngolaOilAndGas.com.

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

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Transform Your Social Media Profile into a Sales Catalog with GoDaddy’s Show in Bio Tool

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GoDaddy

Over 1 in 4 small businesses globally are run on social media, GoDaddy research finds

JOHANNESBURG, South Africa, April 10, 2025/APO Group/ –How a small business presents and sells its offerings can be the difference between success and failure. GoDaddy (www.GoDaddy.com) has launched Show in Bio (https://apo-opa.co/4crqmoj) to help small businesses increase sales and stand out on social media.

This affordable tool offers flexibility for small business owners not yet ready to build a website, enabling them to showcase their products or services on social media channels, including Instagram, TikTok, Facebook, X, Pinterest and LinkedIn, and interact with customers through channels like WhatsApp to close sales. Using artificial intelligence (AI) to quickly draft product information, such as name, description, and price, and create a personalized one-page sales catalogue in minutes, no technical skills are required to use the tool.

Entrepreneurs who run their business on social media are more confident using AI
Research from GoDaddy’s 2025 Global Entrepreneurship Survey found over one in four (28%) of small business owners globally primarily run their business on social media. This shift in small business ownership to social-first entrepreneurs heightens the importance of how a small business sells online.

GoDaddy’s research has found these social-first entrepreneurs are younger, more optimistic about business performance and more confident in their ability to leverage AI for their business. This trend reveals not only the growth potential of social-first businesses, but also how technology – specifically AI – is a key enabler to innovate, scale and thrive.

We’re supporting entrepreneurs to start their online business wherever it makes the most sense for them – including on social media

Start a business on social media with low spend and without the need to build a website
Show in Bio allows entrepreneurs to start a business quickly with low spend, even validating a business idea before launching it. While perfect for small business owners who may not have yet built a website, the tool also supports domain integration, allowing those with an established online presence to use their own domain for a seamless branded experience.

Key features and benefits include:

  • Centralize Your Links – Put all your important content in one shareable link.
  • Drive Engagement – Drive traffic to key offers and updates instantly by sharing your link in bio on social channels.
  • Showcase Products – Create a captivating catalogue with images and videos directly on your page.
  • Domain Integration – Use your own domain for a seamless and branded experience.
  • Save Time with AI – Generate quality product information and profile bios fast, no tech skills required.

“We’re supporting entrepreneurs to start their online business wherever it makes the most sense for them – including on social media,” said Selina Bieber, Vice President of International Markets at GoDaddy. “The rise of social media in the last 20-plus years has captured a significant share of internet activity, but it hasn’t diminished the need for businesses to have their own brand and their own identity.

“Show in Bio is an enhanced link in bio solution built to support small businesses run on social media, directly addressing challenges such as driving traffic, lack of technical skills and setting up a website while simplifying social selling.”

Distributed by APO Group on behalf of GoDaddy

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Agence française de développement commits additional €3 million to Africa Digital Financial Inclusion Facility to boost digital financial inclusion

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Digital Financial Inclusion

The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg

PARIS, France, April 10, 2025/APO Group/ –The Agence française de développement (AFD) has committed an additional €3 million to the African Development Bank (www.AfDB.org) -managed Africa Digital Financial Inclusion Facility (ADFI) (https://apo-opa.co/4iXF6xK) to accelerate financial inclusion in Africa.

The increase brings AFD’s total funding to over €5 million. The resources will support the ADFI partnership in catalyzing digital financial solutions across Africa by expanding investment in scalable and replicable initiatives that enable access to credit and other financial services that support investment and entrepreneurship among underserved communities.

The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg. France’s Ministry for the Economy, Finance and Industrial and Digital Sovereignty, the Women’s Enterprise Finance Initiative (We-Fi), and India’s Ministry of Finance joined in 2020, 2022 and 2023 respectively.

Developing digital financial services is a key pathway to reach financially excluded populations in Africa

AFD Group is strongly committed to accelerating the mobilization of financial and human resources to align the financial systems with the Sustainable Development Goals, ensuring that vulnerable populations—especially in regions most affected by climate change—can access financial tools that help them adapt and thrive.

“Developing digital financial services is a key pathway to reach financially excluded populations in Africa,” said Audrey Brule-Françoise, head of AFD’s Financial Systems Division. “Through our continued collaboration within ADFI, we aim to promote access to digital financial services that are tailored to diverse needs and delivered in a responsible manner. This new contribution will help scale up impactful and inclusive solutions.”

Mohamadou Ba, head of the African Development Bank’s Financial Intermediation and Inclusion Division, said, “Digital financial solutions are key to improving the quality of life of people in Africa and reducing the gender access to finance gap. We welcome the Agence française de développement’s renewed support of the catalytic role ADFI has been playing in accelerating greater access and usage of digital financial solutions and financial inclusion across the continent. We look forward to working together to scale our efforts to enhance the impact on greater economic empowerment, resilience, and growth across Africa.”

Recent data shows that nearly half the continent’s adult population does not benefit from digital financial solutions, particularly women, youth, farmers, small businesses, and rural communities.

ADFI works to expand digital financial solutions across Africa through strategic investments in digital infrastructure, policy and regulation, and product innovation, with a special focus on reducing gender gaps and building capacity.

ADFI aligns with the African Development Bank’s Ten-Year Strategy for inclusive growth and its priority to improve the quality of life for the people of Africa. It also advances the mandate of the Bank’s financial sector development department to improve access to finance for the underserved. ADFI works to scale innovative digital financial solutions under the three broad strategic pillars of infrastructure, policies, regulations, and product innovation. Capacity building and gender inclusion cut across all interventions.

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

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Bulk Oil Storage and Transportation (BOST) Joins Accra Investor Briefing Amid Efforts to Scale-up Ghana’s Storage Capacity

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Taking place on April 14 at the Kempinsky Hotel, the Invest in African Energies: Accra Investor Briefing will outline emerging opportunities across Ghana’s oil and gas value chain

ACCRA, Ghana, April 10, 2025/APO Group/ –Afetsi Awoonor, Managing Director of Ghanaian state agency Bulk Oil Storage and Transportation (BOST), has joined the Invest in African Energies: Accra Investor Briefing to discuss strategies for boosting the country’s oil and gas value chain. Taking place on April 14 at the Kempinski Hotel in Accra, the event provides insight into the country’s investment opportunities, supporting dealmaking ahead of the African Energy Week (AEW): Invest in African Energies conference this September.

With a mandate to sustain strategic reserve stocks in Ghana while strengthening storage and transportation infrastructure, BOST is rapidly expanding its infrastructure development across the country. The company currently has a total storage capacity of 415,000 cubic meters, including 215,000 at the Accra Plains depot; 87,000 at the Kumasi depot; 50,000 at the Buipe depot; 46,500 at the Bolga depot; 12,000 at the Akosombo depot; and 17,000 at the Mami Water depot.

To support distribution among the depots and to consumers, the company is developing a network of storage facilities and pipelines across the country. In addition to the depots, the company has developed pipelines linking the Tema Oil Refinery to the Accra Plains depot as well as an 8-inch multi-product pipeline linking the Trafigura Conventional Check Buoy Mooring to the Accra Plains depot. A series of pipelines connect the respective depots, thereby ensuring a strong system of distribution infrastructure.

As the country drives 17 new oil and gas projects by 2027, efforts by BOST will ensure that local populations benefit from the country’s upstream expansion

Meanwhile, to support the import of petroleum products in the country, BOST – under the authority of the government – played an instrumental part in implementing the country’s Gold-for-Oil initiative. The program, which enables BOST to pay for imported petroleum products with gold, leverages the country’s abundant mineral resources to support fuel security. The country increased its gold reserves from 19.5 tons in 2023 to 30.5 tons in 2024, highlighting the value of the commodity in Ghana.

Beyond its border, BOST is supporting regional fuel distribution. In March 2025, the company renewed a partnership with Burkina Faso’s National Hydrocarbons Company (SONABHY) to enhance cross-border petroleum trade. Under the terms of the agreement, SONABHY will utilize BOST’s supply chain infrastructure to streamline the movement of petroleum products from Ghana to Burkina Faso. The company will utilize infrastructure such as logistics networks, pipelines, river transport, bulk road vehicles and storage terminals. A joint technical team established by the companies will assess BOST’s operational capacity, thereby ensuring smoother petroleum chain and eliminating supply chain disruptions.

“To make energy poverty history by 2030, African countries need to significantly scale-up their domestic storage and distribution capacity. Companies like BOST are making strides in this area, targeting major investments across the downstream sector to strengthen fuel security in Ghana. As the country drives 17 new oil and gas projects by 2027, efforts by BOST will ensure that local populations benefit from the country’s upstream expansion,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

Serving as a prelude to the AEW: Invest in African Energies 2025 conference – taking place September 29 to October 3 in Cape Town – the Invest in African Energies: Accra Investor Briefing will provide a comprehensive overview of Ghana’s oil and gas opportunities. From upstream blocks to downstream infrastructure to capacity building and storage, the event will support decision-making by investors by offering greater clarity into the country’s hydrocarbon market.

Distributed by APO Group on behalf of African Energy Chamber

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