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Senegal, Mauritania Achieve First Gas at Greater Tortue Ahmeyim (GTA), Signaling New Era of Energy Security and West African Gas Production

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Project developers Kosmos Energy and bp have officially opened the first well of the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, representing a crucial first step towards the culmination of the project

DAKAR, Senegal, January 2, 2025/APO Group/ — 

Senegal and Mauritania have achieved a historic milestone with the start of operations at the Greater Tortue Ahmeyim (GTA) development. Project developers bp and Kosmos Energy, alongside Senegal’s national oil company (NOC) Petrosen and Mauritania’s NOC Societe Mauritanienne des Hydrocarbures (SMH), have officially opened the first well of the GTA project, signaling the start of technical operations and a new era of gas-driven development and energy security in West Africa.

As the voice of the African energy sector, the African Energy Chamber (AEC) applauds the milestone achieved by the governments of Senegal and Mauritania. The country’s NOCs and energy ministries have shown the value of public-private collaboration, demonstrating how strong partnerships, contracts and pro-investment policies can position African nations as global gas producers. We should give the governments of Senegal and Mauritania the credit they deserve: they have worked tirelessly to make sure the GTA project can succeed. With this achievement, Senegal and Mauritania are rapidly on their way to become international LNG exporters.

The project shows that gas is truly good for Africa and will play a major part in accelerating energy security, boosting industrialization and transforming Africa’s economies

The GTA development achieved first gas at 16:00 on December 31, 2024. The project will produce gas from reservoirs located 120 kilometers offshore in 2,850 meters of water, through a four-well subsea system tied back to the FPSO which will process the well fluids. Liquids will be offloaded to shuttle tankers, while gas will be transported by pipeline from the FPSO to a 2.5 million tons per annum (mtpa) FLNG vessel, moored behind a dedicated concrete breakwater. This structure will protect the FLNG vessel plus various accommodation and utility platforms, together known as the GTA hub terminal. The project developers aim to establish an offshore production complex, with development wells connected to an FPSO vessel, as well as the FLNG ship and the structures that will support it. That complex is already more than 75% complete, and by this time next year, it will be nearly ready to start operating.

With 425 billion cubic meters (bcm), the GTA block is a large-scale deposit. With a production capacity of 2.5 mtpa in the first phase and 5 mtpa in the second phase – dependent on whether the project developers decide to double the FLNG infrastructure capacity -, the project offers a crucial new supply for European consumers and a strategic revenue source for Senegal and Mauritania. While the project won’t necessarily be filling the gap left by Russia – after export and regasification, the first phase of GTA will export the equivalent of 3.69 bcm – it will play a strategic part in diversifying global supply chains and driving sustainable economic growth in Senegal and Mauritania. While the project’s first phase prioritizes exports, the second phase features a strong local gas component for both nations.

Looking ahead, the start of production at GTA is poised to not only reinforce West Africa’s potential as an oil and gas hub in West Africa, but attract a fresh slate of players to capitalize on growth opportunities in the region. This will be further supported by Senegal and Mauritania’s commitment to creating an enabling environment for foreign investment. Both countries have made significant strides in recent years to prioritize the sanctity of contracts, reform their regulatory and legal frameworks while enticing local participation and cross-border commerce.

Senegal has made a point of updating its 1998 Petroleum Code, to take the discovery of GTA and other large offshore fields into account. Mauritania, meanwhile, has set goals of remaining as open as possible to foreign investment and cooperating closely with international financial institutions such as the World Bank and the International Monetary Fund. The country is involved in an ongoing process of reform and it’s ready to work with the rest of the world to make the most of its energy resources. These efforts will culminate in greater capital and technology injection across the market and the respective governments of Senegal and Mauritania should be commended for their commitment to future projects and opportunities. To maintain the pace of oil and gas development, the countries should further protect the sanctity of contracts, providing foreign investors with transparency, security and clarity.

“Projects such as GTA highlight the scale of opportunity that Africa’s gas market offers investors. The project shows that gas is truly good for Africa and will play a major part in accelerating energy security, boosting industrialization and transforming Africa’s economies. Credit must be given where credit is due. Africans should be proud of bp, Kosmos Energy, Petrosen and SMH. The Senegalese government, Mauritanian government, their NOCs and international partners have been instrumental in the development of the GTA project and will continue to be key in driving the success of this and the many gas developments expected to follow,” states NJ Ayuk, Executive Chairman of the AEC. 

Distributed by APO Group on behalf of African Energy Chamber.

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Morocco’s First Africa’s Business Heroes (ABH) Top Three Finalist is Pioneering Water and Sanitation Solutions

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Her inspiring leadership, technical knowledge and commitment to making a difference have seen her rise as a business leader in the water and sanitation industry

RABAT, Morocco, April 7, 2025/APO Group/ —

In a remarkable milestone for Morocco, Dr. Salma Bougarrani has made history by becoming the first female Moroccan entrepreneur to reach the Top three finalists in the esteemed Africa’s Business Heroes (ABH) www.AfricaBusinessHeroes.org/ Prize Competition. Finishing as the 1st Runner-Up. Dr. Bougarrani, the co-Founder and CEO behind Green Watech (apo-opa.co/4jrjZnv), is not just pushing sanitation forward for the rural communities; she’s also blazing a trail for women entrepreneurs in an industry where females are often not noticed or heard from. Her inspiring leadership, technical knowledge and commitment to making a difference have seen her rise as a business leader in the water and sanitation industry.

The recognition from ABH, the Jack Ma Foundation’s flagship philanthropic program in Africa, aligns with its mission to spotlight and support local talent like Dr. Bougarrani, who are driving positive change in their communities. Over a decade, the program aims to honor 100 African entrepreneurs while providing grant funding, training and broader ecosystem support to foster African entrepreneurship.

Dr. Bougarrani’s journey into the world of water and sanitation began with her firsthand observations of untreated wastewater wreaking havoc in Moroccan villages. Witnessing these difficulties sparked her passion for creating sustainable solutions, leading her to leave the world of academia and pursue a career in entrepreneurship. In 2018, she formed Green Watech to give rural communities access to reasonably priced and energy-efficient sanitation systems. She holds a PhD in Advanced Water Treatment Processes from Med V University and Leipzig University.

Impacting Lives Through Sustainable Innovation

At the centre of Green Watech’s innovation is a groundbreaking soil-based filtration system, which provides the means to treat wastewater for agricultural irrigation. Unlike expensive, energy-hungry technologies, this system is all about being low-maintenance, budget-friendly, and sustainable – perfect for rural communities that often struggle with limited infrastructure. By cutting down the need for fresh water by as much as 70%, Green Watech is transforming the water management landscape in Morocco.

Since its inception, Green Watech has changed the lives of over 30,000 people in 17 Moroccan villages and farms. The company has cleaned more than 200 million litres of wastewater, which helps with water shortages and makes farms more productive. Thanks to Green Watech’s participatory model, local communities actively participate in the process. Villagers are taught how to set up, maintain, and grow sanitation systems through training programs, which promote resilience and sustainability in the long run.

Green Watech’s soil-based filter system also cuts down on the need to use fresh water for crops. It offers a long-lasting, cheap, and easy-to-keep-up answer for people in rural areas. The company plans to grow beyond Morocco in the future. It aims to reach North Africa and other places during the year.

Breaking Down Barriers as an ABH Trailblazer

Dr. Bougarrani’s recognition as the first Moroccan entrepreneur to be placed among the top three finalists in the ABH competition is significant. Her success defies cultural expectations and gender norms in a field where male entrepreneurs predominate. Her accomplishment serves as a role model for aspiring female entrepreneurs throughout Africa and highlights her technical expertise and leadership abilities.

Her work in sustainable water management has gained her worldwide recognition. She has received top honours, including the United Nations Industrial Development Organization (UNIDO) Grand Prize.

The Future of Green Wateche

Dr. Bougarrani plans to put the $150,000 prize back into Green Watech to help it reach more African communities in need. She has an ambitious goal to reach 1 million end-users by 2030.  Her career is an outstanding example of how someone with a strong will and passion can break walls, challenge stereotypes and uplift entire communities.

2025 ABH Applications Are Now Open

African entrepreneurs who want to enter the 2025 edition of the competition and stand a chance to win a share of US$1.5 million can do so at https://AfricaBusinessHeroes.org/en/register.

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH

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African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

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The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector

DAR ES SALAAM, Tanzania, April 7, 2025/APO Group/ –The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania.

Under this facility, the African Development Bank will provide a guarantee of up to 100% to confirming banks against non-payment risks arising from letters of credit and similar trade finance instruments issued by the Bank of Africa Tanzania. The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector. The facility aligns with efforts to bolster intra-Africa trade, contributing directly to the objectives of the African Continental Free Trade Area (AfCFTA) (https://AU-AfCFTA.org/).

This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions

Speaking at the signing event on March 10, 2025, in Dar es Salaam, the Bank’s Country Manager for Tanzania, Patricia Laverley, stressed the importance of the facility in addressing Tanzania’s trade finance needs, saying that given the country’s import requirements, it will aid priority sectors such as trade, agriculture, manufacturing, and energy. “This facility will support trade by enabling BOAT to play a more strategic role in the regional and international market.”

Representing BOAT’s management, Deputy Managing Director Hamza Cherkaoui lauded the strong partnership with the African Development Bank, emphasizing its role in expanding trade finance capabilities across the continent. “This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions, expanding our confirmation network, and enabling access to top-tier confirming banks,” he said.

The new Trade Guarantee facility aligns with Bank of Africa Tanzania’s strategic priorities and the African Development Bank’s broader objectives, including promoting regional integration, increasing food security, and industrializing Africa. It also supports Tanzania’s Country Strategy paper 2021-2025, which focuses on enhancing the private sector business environment for job creation. It also aligns with the country’s development vision (Vision 2025), which aims to build a strong and resilient economy capable of competing globally.

The signing of the agreement marks a significant milestone in the African Development Bank Group’s direct engagement with Tanzania’s private sector, reinforcing its commitment to strengthening the country’s financial sector and economic development.

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

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PAC Capital Limited Named Best Transaction Advisory Firm in Nigeria at the Grand Annual Awards Ceremony 2025

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As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth

LAGOS, Nigeria, April 7, 2025/APO Group/ –PAC Capital Limited (www.PACCapitalLtd.com), a leading investment banking and advisory firm, is proud to announce its recognition as the Best Transaction Advisory Firm – Nigeria 2025 by the International Business Magazine Awards!

The award celebrates PAC Capital’s consistent track record in structuring and executing high-impact transactions across various sectors, including infrastructure, energy, transport, and financial services. This international recognition highlights the firm’s commitment to excellence, innovation, and delivering value-driven advisory services.

At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations

Humphrey Oriakhi, Managing Director of PAC Capital, expressed his pride and appreciation for the recognition:

“This award is a strong validation of our efforts to lead with insight, integrity, and innovation in the transaction advisory space. We are truly honored to be acknowledged on a global platform. I dedicate this achievement to our clients who trust us with their most strategic decisions and to our team whose dedication fuels our success.”

Bolarinwa Sanni, Executive Director of PAC Capital, emphasized the importance of collaboration and resilience in the firm’s journey:

“Winning this award reflects the strength of our advisory team and the boldness of the clients we serve. At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations. This recognition inspires us to keep pushing boundaries and shaping Africa’s investment landscape.”

As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth.

Distributed by APO Group on behalf of PAC Capital Limited

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