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Société nationale des pétroles du Congo (SNPC) Joins African Energy Week (AEW) 2024 as Diamond Sponsor Amid Approval of Gas Master Plan

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African Energy Chamber

As a Diamond Sponsor at AEW 2024, SNPC is set to unveil its Gas Master Plan as the company seeks to unlock the Republic of the Congo’s natural gas resources

CAPE TOWN, South Africa, September 25, 2024/APO Group/ — 

The Republic of Congo’s (ROC) national oil company (NOC) Société nationale des pétroles du Congo (SNPC) has joined the African Energy Week (AEW): Invest in African Energy 2024 conference – taking place in Cape Town from November 4-8 – as a Diamond Sponsor. Marking a pivotal step for the ROC, SNPC is set to officially unveil its proposed Gas Master Plan at the event as the NOC looks to unlock the full potential of the country’s natural gas resources.

The plan is set to provide a framework that incentivizes investment in the development of the ROC’s resources with a specific focus on natural gas, which are estimated at 10 trillion cubic feet. The Gas Master Plan also aims to create a roadmap to enhance gas monetization and utilization by focusing on infrastructure development, gas processing plants, pipelines and power generation facilities. Poised to reduce reliance on imported energy, the plan aims to boost domestic energy production and promote local content development.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

With a target to produce 2.4 million tons of LNG by 2025, the ROC achieved a major milestone this year after delivering its first LNG cargo to Italy from the Congo LNG project’s Tango FLNG facility, which features a 1-billion-cubic-meter-per-annum liquefaction capacity. A second FLNG vessel with a 3.5-billion-cubic-meter-per-annum capacity is set to start production next year. The project is supported by a sales and purchase agreement signed between the SNPC, energy major Eni and multinational energy corporation Lukoil in September 2023. With the project, the ROC is set to produce an initial 600,000 tons of LNG per year and up to 2.4 million tons per year by 2025.

https://apo-opa.co/4ehSavu

We commend SNPC for their leadership in transforming natural gas into a catalyst for broader economic progress

https://apo-opa.co/3ZwAQP0

The SNPC has also been streamlining gas for domestic industrial use through projects such as the Banga Kayo conventional oilfield – led by Chinese oil and gas company Wing Wah Oil Company –, which features a phased expansion plan to monetize previously flared gas resources. Over several phases, the project will progressively increase gas valorization capacity to produce LNG, LPG, butane and propane for the domestic market. Three trains will be developed, the first of which will have a capacity of one million cubic meters per day while the second and third will each have a capacity of two million cubic meters per day. The second and third trains will come online by March 2025 and December 2025, respectively.

https://apo-opa.co/4djaQty

The SNPC has also been leading the ROC’s efforts to boost oil production in the country, with a target to increase production from 259,000 barrels per day (bpd) to 500,000 bpd by next year. Additionally, in an attempt to drive upstream exploration, the NOC partnered with oil and gas independent Perenco last November to complete offshore 3D seismic acquisition targeting with the Tchibouela II, Tchendo II, Marine XXVII and Emeraude permits. With data from the campaign expected to identify future drilling targets and enhance exploration success, the partnership serves as a model for public-private sector collaboration within the sector.

“By unveiling their Gas Master Plan, SNPC is taking significant steps to eradicate energy poverty and maximize the monetization of the country’s rich natural resources. Their commitment to local content development has positioned the country to empower communities and stimulate economic growth. We commend SNPC for their leadership in transforming natural gas into a catalyst for broader economic progress,” states African Energy Chamber Executive Chairman NJ Ayuk.

In recent years, the SNPC has gained recognition for its role in establishing the ROC as a competitive oil exporter. The company’s efforts to diversify energy sources through gas-focused initiatives like the Gas Master Plan demonstrate its broader commitment to sustainable energy development. As such, AEW: Invest in African Energy 2024 is set to facilitate the company’s mandate to advance the nation’s energy infrastructure, promote the local workforce within the sector and ensure that oil and gas revenues support national development goals.

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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Business

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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