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Sonagas General Director Joins African Energy Week (AEW) 2024 as Equatorial Guinea Accelerates Gas Monetization

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African Energy Chamber

The AEW: Invest in African Energy 2024 conference takes place from 4–8 November in Cape Town under the theme ‘Energy Growth through an Enabling Environment

CAPE TOWN, South Africa, May 8, 2024/APO Group/ — 

Segismundo Nguema Nsue, General Director of Equatorial Guinea’s national gas company Sonagas, will speak at the African Energy Week (AEW): Invest in African Energy 2024 conference – Africa’s premier event for the energy sector taking place from 4–8 November in Cape Town. Sonagas’ participation is expected to drive dialogue around opportunities for global gas players in Equatorial Guinea as the country invites foreign firms to unlock the full potential of the market. 

Committed to maximizing the development and monetization of Equatorial Guinea’s vast gas resources – amounting to 5 trillion cubic feet -, Sonagas partnered with Chinese firm Wison to conduct a feasibility study for a floating gas production and processing ship for the Ebano Field in Block EG-27 in November 2023. At AEW: Invest in African Energy, Nsue will speak on the role of Equatorial Guinea’s gas resources in driving sustainable development across the continent, sharing insight into how investing in gas can bolster local economies while generating high returns for investors.

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.

Sonagas is adding value to Equatorial Guinea’s economy by maximizing the use of the country’s gas resources

Sonagas has been instrumental in Equatorial Guinea’s gas market since the company’s inception in 2005. The state entity runs several projects in partnership with global market players, producing around 23,000 cubic meters of LNG per day through a joint venture with Marathon Oil, Mitshui and Marubeni. Sonagas also operates a methanol production plant in Alba – producing one million tons of LNG per year – in partnership with Marathon Oil and Noble E.G. In addition to gas production, the company produces electricity on Bioko Island, thereby supporting the security of the country’s electricity network.

Going forward, the company has several projects in the agenda to attract fresh investments into the country’s gas market. Sonagas plans to construct a second LNG plant on Bioko Island with a production capacity of 4.4 million tons per annum to expand export revenue. The company is also planning to establish gas-powered electricity generation projects country-wide while enhancing LPG production and distribution within local and regional markets.

In the transportation sector, Sonagas plans to rollout gas charging stations nationwide to expand a gas-powered vehicles initiative launched by the government and Egyptian firm TAQA Arabia in March 2022. The first five compressed natural gas (CNG) powered vehicles have already been delivered to the country. In addition to CNG supply stations, the project includes the construction of the Punta Europa CNG project. By leveraging the country’s gas resources to power the transportation industry, Sonagas is setting a benchmark for other gas-rich nations in Africa while laying the foundation for sustainable fuel production in Equatorial Guinea.

To ensure the successful execution of these projects, Sonagas is seeking partnerships with companies that offer the technical and financial expertise to optimize the nation’s gas value chain. Uniting companies and investors from across the global and African energy sectors, AEW: Invest in African Energy facilitates this engagement by connecting technology and service providers with Equatorial Guinea’s future gas projects.

“Sonagas is adding value to Equatorial Guinea’s economy by maximizing the use of the country’s gas resources. The company’s innovative approach across the LNG, LPG, methanol and gas-to-power sectors is crucial for driving new investments across Equatorial Guinea’s gas market, aligning with the government’s ambitions to accelerate economic growth and industrialization through sustainable fuels,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber.

AEW: Invest in African Energy serves as the preferred platform for Nsue to connect with investors, project operators and technology providers to ink partnership and investment deals. At the conference this November, Nsue will provide an update on Sonagas’ project pipeline, presenting investment opportunities for global industry players.

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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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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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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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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