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Rystad Energy Provides Analysis of African Market Developments in 2023 at African Energy Chamber Paris Forum

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African Energy

The energy data firm presented findings from The State of African Energy 2023 report and emphasized investment in power as key to unlocking continent’s potential today in Paris

PARIS, France, June 1, 2023/APO Group/ — 

Energy data and consultancy firm Rystad Energy presented its analysis of Africa’s energy landscape on Thursday at the Invest in African Energy Paris Forum, hosted by the African Energy Chamber (http://www.EnergyChamber.org).

Noting that Africa remains vastly under-electrified compared to other regions, Senior Partner Per Magnus Nysveen pointed out in his opening presentation that Africa has 40% of global solar energy reserves, and that Africa has the opportunity to eradicate power poverty just as Asia has done in the past two decades. In 2000 Asia was the most power deprived region globally, with around 700 million people without power.

South Africa’s power deficit, he noted, had led to ‘load shedding’ (scheduled power cuts) every day so far in 2023, and that the power supply gap had tripled in five years. The country now has a large number of viable projects that need capital and would offer good returns to investors.

Bimbola Kolawole, Vice President and Head of Business Development for Africa, detailed the findings of the ‘The State of African Energy 2023’ report that is produced by the African Energy Chamber with data and analysis from Rystad Energy.

It is particularly noteworthy that, while majors are looking to decrease their oil and gas exposure in West Africa, independents are picking up the portfolios being divested

Kolawole noted that following the Ukraine invasion, Europe’s reliance on LNG imports has grown and African LNG producers, led by Nigeria, Egypt, and Algeria stand to benefit. Although Asian financial institutions currently fund most fossil fuel projects in Africa, European lenders will play a bigger role due to the continent’s demand for African gas.

 “Last year was a bumper year for the continent’s exploration sector, with the Venus, Graff and La Rona discoveries all made offshore Namibia. These mega finds, along with South Africa’s large offshore gas discoveries, have driven increased operator interest in Southern Africa.” Kolawole also highlighted the large number of frontier acreages in the MSGBC region and West Africa, as well as the East African coast, that could yield further discoveries.

Over $33 billion in upstream investment was expected for 2022 and estimated growth in upstream expenditure in Africa between 2023 and 2025 is around $15 billion.

“It is particularly noteworthy that, while majors are looking to decrease their oil and gas exposure in West Africa, independents are picking up the portfolios being divested.”

Rystad expects that solar, hydrogen and onshore wind will be the driving forces in renewables investment in Africa in the 2030s and that between 2023 and 2035, Africa will contribute a fifth of global hydrogen generation. Injection of new power supply from renewables investment will be key to tackling the high number of people without access to electricity. Egypt, Morocco and Mauritania are expected to lead in the field of renewables.

Rystad Energy is a partner of the African Energy Chamber for its annual African Energy Week conference, to be held in Cape Town on 16-20 October 2023. Africa’s leading energy event is dedicated to eradicating energy poverty by 2030.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Nature, Carbon and Climate Are Becoming Core Investment Themes – with Africa at the Centre

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Private finance for nature has increased more than tenfold in recent years, rising from USD 9.4 billion to over USD 100 billion, and could reach up to USD 1.45 trillion by 2030 if current the momentum continues

CAPE TOWN, South Africa, February 9, 2026/APO Group/ –Climate change, biodiversity loss and ecosystem degradation are no longer just environmental challenges; they are now central to how investors assess resilience and long-term returns.

Nature underpins large parts of the global economy, from water security and food systems to infrastructure and climate resilience. Yet according to the United Nations Environment Programme (UNEP) the global biodiversity finance gap is estimated to reach USD 942 billion per year by 2030. Current finance flows into nature total around USD 200 billion annually, with just USD 35 billion coming from private capital.

At the same time, capital markets are shifting. Private finance for nature has increased more than tenfold in recent years, rising from USD 9.4 billion to over USD 100 billion, and could reach up to USD 1.45 trillion by 2030 if current the momentum continues.

Alongside this, carbon markets, nature-based solutions and resilience infrastructure are increasingly being treated as linked investment themes, with new asset classes emerging across carbon, biodiversity and climate adaptation. This convergence is reshaping how investors assess risk, returns and long-term resilience, particularly in emerging markets.

Investing in Africa’s adaptation and mitigation projects is not an act of generosity; it is an investment in our common future

The economic stakes are already clear. In South Africa alone, healthy ecosystems contribute over R275 billion (around USD 14 billion) per year, equivalent to at least 7% of GDP.

Across Africa, natural capital accounts for an estimated 30%-50% of total wealth in many countries, underlining how closely economic growth, stability and development prospects are tied to climate and nature outcomes. In many African economies, natural capital makes up a far larger share of national wealth than factories or infrastructure, meaning that damage to nature can quickly translate into pressure on public finances and long- term economic stability.

Recent flooding in parts of Kruger National Park and ongoing water stress in the Western Cape have reinforced how climate and ecosystem risks translate directly into economic losses, infrastructure damage and pressure on public finances. These are no longer peripheral sustainability issues; they are core financial and investment risks.

Against this backdrop, Africa’s Green Economy Summit (AGES) 2026 will open with the Climate, Carbon & Nature Financing Academy on Monday, 24 February 2026 in Cape Town, ahead of the main Summit from 25 – 27 February 2026. The Academy will focus on how climate, carbon and nature can be translated into bankable projects and investable asset classes, including through instruments such as carbon markets, green, blue and wildlife bonds, debt-for-nature swaps and performance-linked finance.

“The escalating impact of climate change in Africa calls for the global community and private sector to recognise that a climate-resilient Africa is essential for global stability, prosperity, and shared security. Investing in Africa’s adaptation and mitigation projects is not an act of generosity; it is an investment in our common future,” said Harsen Nyambe, Director, Sustainable Environment and Blue Economy at the African Union Commission.

By foregrounding climate, carbon and nature finance at the start of 2026, AGES reflects a broader market reality: these are no longer side conversations in sustainable finance, they are becoming central pillars of Africa’s investment future.

Distributed by APO Group on behalf of VUKA Group.

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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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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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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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