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Republic of Congo’s Upcoming Gas Policies to Create Investment Security, Says African Energy Week (AEW) 2024 Country Spotlight

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African Energy Week

In addition to preparing a new Gas Code, the country is set to launch a Gas Master Plan, offering a comprehensive strategy for the country’s gas sector

CAPE TOWN, South Africa, November 9, 2024/APO Group/ — 

The Republic of Congo (ROC) is preparing a new Gas Code to incentivize investment across the natural gas value chain. Concurrently, the country is preparing to launch its Gas Master Plan (GMP), serving as a roadmap for investing in the ROC’s gas sector. These policies mark a pivotal step towards rolling out the requisite infrastructure to stimulate industrialization and economic growth.

Speaking at the Invest in Congo Energies country spotlight at African Energy Week: Invest in African Energies 2024, Maixent Raoul Ominga, Managing Director of the ROC’s national oil company Société Nationale des Pétroles du Congo (SNPC), said that “the GMP creates a framework for all those interested in investing in gas in ROC.”

In addition to the GMP, Ominga outlined how the country’s upcoming Gas Code serves as a “mechanism to ensure that the energy industry has become attractive. The code allows partners to invest and generate returns from exploration.”

As the NOC, the SNPC has played a central role in driving oil and gas projects forward. The company strives to boost infrastructure development with the aim of driving long-term and sustainable economic growth.

According to Abdullahi Bashir, Haske, Group Managing Director, AA&R Investment, “We have not even scratched the surface in terms of the ROC’s potential. The government has done a great job to ensure there is a structured environment for companies to do business. The SNPC and regulator work hand-in-hand to ensure everything is done in a timely and efficient manner. There is an aggressive push to make sure hydrocarbons are developed quickly.”

The government has done a great job to ensure there is a structured environment for companies to do business

With its significant resource base, forward-looking approach to policy implementation and commitment to low-carbon oil and gas, the ROC has emerged as a highly-attractive investment market. The country offers a wealth of opportunity for new players, and companies are already joining the market. Trident Energy, for example, entered the ROC in 2024 with the acquisition of Chevron’s ROC assets.

“Trident Energy signed PSAs to enter the ROC earlier this year and we are about to close these. We are happy to invest in the ROC. We are very confident that we can develop our business model in ROC. Our model is to take over mid-life assets and invest specific technologies to redevelop these assets and increase production,” said Eric Descourtieux, CFO, Trident Energy.

Additionally, the country’s regulatory landscape and industry outlook is incentivizing new players to join the market. Gerd Nji, CEO, Kariya Energy, said that “We have looked at the ROC extensively over the last two years, and there are so many things that attract us to invest in the market. Oil and gas infrastructure is key as this encourages new investments. The government also has a mandate to increase production to potentially 500,000 BPD. This is a good incentive.”

Going forward, the country aims to attract fresh investment across the growing oil and gas value chain. With the GMP and Gas Code, the ROC’s fiscal and regulatory environment has become increasingly more transparent, while making it simpler for companies to invest.

Yves Ollivier, Managing Director, CLG Congo, says “The Gas Code is in preparation, providing the legal and tax provisions for the industry. This is more beneficial [than previous regulation] and outlines permits, legal and tax provisions.”

The country’s gas policies also allow existing operators and service providers to strengthen their footprint across the market. Both SLB and Halliburton, for example, already have a strong presence in the market. Antoine Berel, Managing Director, Sub-Saharan Africa, Halliburton, explains that “we collaborate to maximize asset value across operations. Driving productivity is at the core of our operations. One of the key enablers we have is the digitalization of our workflow and automation of our processes.”

Meanwhile, Yannick Mouamba, Country Director, Congo and Gabon, SLB, shared that “When it comes to ROC, we have a strong track record, where we help our customer develop fields. In the ROC there is fiscal attractiveness. There are a lot of new operators coming to the game, offering the potential for the country to increase production.”

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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February 6, 2026

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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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February 6, 2026

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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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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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