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Republic of Congo to Host 30th Session of the Vendredis de Carrefour in December

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African Energy Chamber

The 30th session of the Vendredis de Carrefour returns to the Republic of Congo from December 4-5, tackling key topics under the theme Local Content and the Domestic Market: What to do, how to do it, with whom to do it, alone or together. Organized by Think Tank Carrefour under the patronage of Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, the event offers a platform for companies to formulate strategies for enhancing local content across the growing oil, gas and renewable energy sectors, with the goal of identifying concrete solutions to boost local production, reduce dependence on imports and stimulate job creation.

An African Energy Chamber (AEC) delegation – led by Executive Chairman NJ Ayuk – has joined the event to contribute to discussions on oil, gas and the impact of domestic markets. Recognizing the role the event plays in fostering greater collaboration across the industry, the AEC’s participation reflects its commitment to alleviating energy poverty in Africa. The 30th session of the Vendredis de Carrefour offers a unique opportunity for the industry to connect and address key challenges to development.

Integrating local content within the Republic of Congo’s energy strategy is key

The 30th session of the Vendredis de Carrefour comes at a key moment for the Republic of Congo, as the country advances oil and gas development in pursuit of accelerated economic growth. A cornerstone of the country’s energy strategy is the natural gas sector, with ongoing projects offering the promise of job opportunities, local contracts and enhanced fuel supply. Major projects include the Eni-led Congo LNG, which began production in December 2023. The project is nearing completion for its second phase, with the Nguya FLNG unit departing Shanghai for the Marine XII offshore concession in August 2025. With a capacity of 2.4 million tons per annum (mtpa), the addition of this new vessel will increase production capacity at the project to 3 mtpa.

China’s Wing Wah is also advancing the development of the Bango Kayo project. The multi-phase development aims to produce LNG, LPG, butane and propane, primarily targeting the domestic market. The project alone is anticipated to create between 3,000 and 3,300 jobs while creating additional social benefits such as excess power and treated water for nearby communities. Wing Wah recently signed a $23 billion hydrocarbon deal for the integrated development of the Bango Kayo, Holmoni and Cayo permit, signaling its commitment to unlocking greater value from the project.

Downstream, the Republic of Congo continues to drive projects forward with the goal of strengthening fuel security and reducing refined product imports. Key developments include the Fouta Refinery, situated near Pointe-Noire and on track for first production in 2025. The project will produce 2.5 mtpa of refined products, significantly reducing the nations reliance on imports. The project complements ongoing modernization activities at the CORAF Refinery. Both projects are at the center of the Republic of Congo’s energy strategy. The country is also developing a pipeline connecting Pointe-Noire’s western port to Brazzaville. Undertaken in collaboration with international partners, the project will enhance fuel transport efficiency, thereby strengthening domestic energy security and supporting regional integration.

Stepping into this picture, the upcoming 30th session of the Vendredis de Carrefour stands at the intersection of the Republic of Congo’s energy projects and its local content aspirations. Offering a rich program spanning two days, the event will cover a variety of topics, from upstream oil and gas development to the energy transition to human capital development and financing. By uniting international and regional stakeholders, the event will lay the foundation for a national strategy to develop local content.

“Integrating local content within the Republic of Congo’s energy strategy is key. This is why I am attending the 30th session of the Vendredis de Carrefour. As the country continues to advance large-scale projects, it becomes imperative to prioritize domestic markets, job creation and unlocking tangible opportunities for the people,” stated Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

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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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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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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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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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