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Senegal Minister of Petroleum and Energies to Participate at AEW 2022 with a Strong Focus on Investment

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H.E. Aissatou Sophie Gladima will drive the discussion on securing investment, improving gas monetization and pushing for a just transition in Africa

JOHANNESBURG, South Africa, April 11, 2022/APO Group/ — 

H.E. Aissatou Sophie Gladima, Minister of Petroleum and Energies, the Republic of Senegal, will be attending and participating at the continent’s premier energy event, African Energy Week (AEW) 2022 – taking place from 18 – 21 October 2022 in Cape Town. Representing one of Africa’s top emerging gas economies, H.E. Gladima will play a significant role in facilitating gas and energy transition related dialogue in Cape Town.

Backed by strong regional cooperation and sustained foreign investment that have led to the start-up of large-scale gas developments, the MSGBC region is poised to become one of the biggest gas economies on the continent. Owing to strong policies such as the 2020 Gas Code and the Energy Sector Development Policy Letter (2019-2023), the Senegalese government has managed to support the growth of its gas market, significantly improving gas monetization and investment. In this area there has already been success, both in Senegal and neighboring Mauritania, with first production scheduled for 2023 at the $4.8 billion Grand Tortue Ahmeyim gas development – a joint project between Senegal and Mauritania that is expected to produce up to 2.3 million metric tons of liquefied natural gas per annum and operated by bp and American oil firm, Kosmos Energy.

H.E. Gladima’s main focus remains on ensuring that the 40 trillion cubic feet of proven gas reserves in the west African country are fully exploited to address energy poverty. In this regard, the ministry has committed to increasing investments in E&P activities through increased cooperation with companies and institutions such as national oil company (NOC) Petrosen, bp, COS-PETROGAZ, GEZ-PETROGAZ, and the Gas Exporting Countries Forum. Additionally, the Minister is committed to increasing the capacity of the domestic gas market, with significant improvements being made regarding local content and capacity building. Across the entire energy value chain, local company participation is increasing, leading to strong and sustainable socioeconomic development in Senegal.

What’s more, the Minister has also vowed to boost the country’s capacity to supervise the exploration and monetization of gas resources by establishing the Pilot Committee to Support Negotiations of Gas Projects and Institutional Capacity Building, which received $29 million in World Bank aid for technical assistance in 2021.

Senegal is well positioned to become a major supplier both regionally and globally and an opportunity has risen for the west African country

Moreover, the ministry is also overseeing the implementation of gas-to-power initiatives, such as the development of the 130 MW Malicounda Flexicycle power plant, that are aimed at increasing the use of natural gas in energy generation for decarbonization and energy security. With a focus on enhancing domestic gas utilization, led by H.E. Gladima, the Ministry is committed to improving gas infrastructure, distribution and production, ensuring Africa benefits from its gas resources first and foremost.

Despite the significant progress within Senegal’s gas industry, massive investments are required to boost and accelerate gas exploration and production to support the economy and to address energy poverty. With Europe seeking alternative gas suppliers to meet its energy needs, and demand in the region growing exponentially, Senegal is well positioned to become a major supplier both regionally and globally and an opportunity has risen for the west African country – as well as its partners in the region – to attract European investments to fund the buildup of infrastructure and to scale up exploration and production activities.

“At AEW in 2021, H.E. Gladima played a pivotal role in shaping dialogue, networking with global investors and putting forward strategies as to how Africa, Senegal and emerging gas markets such as Mauritania can boost investments to accelerate and amplify gas exploration and development. In 2022, this trend will continue, with the minister set to make a strong play for investment across the entire MSGBC energy landscape, while leading discussions on the role of natural gas in Africa’s energy transition,” states NJ Ayuk, Executive Chairman of AEC. 

Meanwhile in the oil sector, Senegal enacted the Petroleum Code in 2019 to ensure full exploitation of the more than 1 billion barrels of proven oil reserves in the country. As a result, first oil production is also set for 2023 at the Sangoma oil field which is operated in the south of Dakar by Australian oil and gas firm, Woodside, and PETROSEN. With hydrocarbons anticipated to account for 13.7% of the country’s gross domestic profit by 2023, the government of Senegal, in partnership with the Ministry of Petroleum and Energies, is developing fiscal rules to ensure a sustainable and transparent management of revenues.

Senegal is also at the forefront of deploying renewable energy to diversify its energy mix and to improve electrification as the country targets 100% electricity access by 2025 from the current 70.4% in 2022. In this regard, H.E. Gladima aims to increase partnerships with international financial institutions such the International Finance Corporation, USAID, the World Bank and the European Investment Bank, all of which have already made significant investments in project deployments in Senegal, as the country seeks to have 25% of its electricity generated from renewables by 2025.

At AEW 2022, the Minister will discuss the role that developing strong policy frameworks and capital-attractive regimes play in enabling African hydrocarbon producing countries to maximize oil and gas for economic growth and energy security. During the week-long event, H.E. Gladima will lead panel discussions and high-level meetings that will focus on the opportunities within Senegal’s energy market for European and international investors and companies, the importance of regional cooperation in enhancing the management of hydrocarbon resources and the use of natural gas as a transactional energy resource as Africa implements the energy transition.

Distributed by APO Group on behalf of African Energy Chamber.

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Africa’s Grid Constraints Come into Focus as Regional Markets Push Toward Integration

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Africa

Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.

In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.

Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.

Power Markets Experiment with Reform

Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.

Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.

Interconnected electricity markets are the foundation of Africa’s industrial future

Regional Integration Remains Fragmented

Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.

West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.

Building Bankable Financial Architectures

While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.

New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.

“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”

The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.

Distributed by APO Group on behalf of African Energy Chamber.

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African Development Bank Group and La Francophonie Sign Partnership Agreement to Promote Youth Employment in Francophone Africa

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The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France

PARIS, France, June 25, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) and The International Organization of La Francophonie (OIF) on Wednesday entered a strategic partnership to strengthen digital skills, employability, and entrepreneurship of young people and women in five African countries: Benin, Cameroon, Guinea, the Democratic Republic of the Congo and Madagascar.

 

The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France. The agreement will address a major challenge faced by countries in the Francophone world and across Africa: providing young people with access to opportunities offered by the digital economy and fostering the emergence of a new generation of entrepreneurs.

The partnership calls for the implementation of training programs in digital professions and entrepreneurship, in fields such as web and mobile development, cybersecurity, artificial intelligence, and data analysis. Participants will also receive guidance toward employment and self-employment, as well as support for innovation and business creation, notably through training camps, prototyping activities, and partnerships with incubators and accelerators.

The African Development Bank Group and OIF will also work with national authorities in these five countries and training institutions to sustainably strengthen local capacities and promote ownership of the programs by national stakeholders. An initial pilot phase, lasting 12 to 24 months, will be rolled out in the five partner countries, followed by a gradual expansion to other member states depending on the results achieved.

The African Development Bank Group is pursuing a bold agenda based on “Four Cardinal Points” developed by Dr Ould Tah, the third of which is ‘Turning Demographics into a Dividend.’ This is about strategically converting Africa’s rapidly growing and youthful population into a decisive engine of inclusive growth, productivity, and innovation through large-scale investment in human capital—particularly youth and women.

 

It sees Africa’s growing young population not as a risk, but as a major asset. With the right policies and investments, this potential can create jobs, help small businesses grow, bring more informal businesses into the formal economy, and equip young people with the skills needed for the future. By investing more in education, science and technology, vocational training, entrepreneurship, finance, and digital tools, Africa can help its people drive economic transformation, stay competitive, and build lasting, resilient growth.

The OIF said the agreement marked the first concrete step in its initiative to mobilize innovative and additional funding for its most impactful projects.

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

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Paddles up! Hong Kong marks 50 Years of international dragon boat thrills

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 25 June 2026 – With top teams from around the world gearing up for the hotly contested Hong Kong International Dragon Boat Races this weekend (June 27-28), participants and spectators can expect a bumper programme of action, fun and entertainment along the Victoria Harbour waterfront in Tsim Sha Tsui – one of the city’s most vibrant districts known for its iconic skyline views and tourist attractions.

There is much to celebrate. This year marks the 50th anniversary of the Hong Kong International Dragon Boat Races as well as 35th anniversary of both the co-organiser, Hong Kong China Dragon Boat Association, and the sanctioning body, International Dragon Boat Federation (IDBF). The IDBF added to the occasion by announcing earlier this year the relocation of its headquarters back to Hong Kong.

Riding on the wave of excitement, the organiser, Hong Kong Tourism Board (HKTB), extended the annual Hong Kong International Dragon Boat Festival period to 13 days (June 19 – July 1), beginning on the historic Tuen Ng Festival (Dragon Boat Festival) and concluding on July 1, which is the 29th anniversary of the Establishment of the Hong Kong Special Administrative Region (HKSAR).

As the headline international flagship event of “Hong Kong Summer Fun”, Dr Peter Lam, Chairman of the HKTB, said the Festival not only ran over a longer period, but also featured a stronger race line-up and more vibrant entertainment programmes than in previous years, offering an experience found only in Hong Kong for locals and visitors, while showcasing Hong Kong’s position as the Events Capital of Asia.

More than 220 teams from 16 countries and regions will compete for top honours in the world‑renowned setting of Victoria Harbour. This year’s event also introduces the special 50th Anniversary Fishermen Invitational Cup and the 50th Anniversary Championship, paying tribute to the traditional spirit of dragon boat racing.

Visitors will be able to enjoy a series of thematic activities along the Avenue of Stars, including a 22-metre traditional wooden dragon boat, a dragon boat-themed installation in collaboration with the new film Minions & Monsters, live music performances and a line-up of intangible cultural heritage performances, including martial art Wing Chun, Chinese juggling diabolo, traditional musical instruments ruan and guzheng.

Highlighting Hong Kong’s reputation as the birthplace of modern international dragon boat racing, as well as its strengths as a global hub city, the IDBF has taken a significant step in its long‑term global strategy with the formal incorporation of International Dragon Boat Federation Limited in Hong Kong on 29 April 2026.

“Incorporation in Hong Kong is not a conclusion, but a beginning. It anchors our Federation in the city where our international story started and strengthens our ability to serve our members and the global dragon boat family,” said Claudio Schermi, President of the IDBF.

As part of this new chapter, the IDBF has applied for funding under “the Pilot Scheme to Strengthen the Presence of Hong Kong in Asian and International Sports Associations”, which was recently introduced by the HKSAR Government’s Culture, Sports and Tourism Bureau. The Pilot Scheme is an initiative designed to support Asian and international sports associations establishing their headquarters or regional headquarters in the city.

The Dragon Boat Festival has a long and colourful history dating back more than two thousand years. Held each year on the fifth day of the fifth lunar month, the day commemorates the patriotic poet Qu Yuan.

According to legend, Qu committed suicide for his beliefs by throwing himself into the Luo River. The villagers nearby raced out on their dragon boats, banging gongs and drums to scare away fish and other underwater creatures to stop them from eating Qu’s body. The tradition continues to this day, with dragon boat competitions taking place at locations across Hong Kong, each reflecting the unique characteristics of its neighbourhood.

Traditional dragon boat treats feature prominently during the festival, notably zongzi. These glutinous rice dumplings, traditionally wrapped in bamboo leaves and steamed or boiled, are widely available during the festive period.

 

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