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Sonatrach Discusses Shale, Investment and Gas as the Fuel of the Future During African Energy Chamber Working Visit to Algeria

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Sonatrach

Algeria’s National Oil Company is looking at attracting new players into the Algerian E&P market while expanding its own investments across the African energy sector at large

JOHANNESBURG, South Africa, June 27, 2023/APO Group/ — 

Algeria’s National Oil Company (NOC), Sonatrach, is making moves across the African continent, not only promoting investments in Algerian oil and gas but expanding its own portfolio of assets in emerging markets in Africa. A working visit to Algeria by the African Energy Chamber (AEC) (http://www.EnergyChamber.org) – the voice of the African energy sector and organizer of the African Energy Week (AEW) conference, scheduled for October 16-20 in Cape Town – saw discussions center on how the NOC plans to leverage its position as a major African oil and gas player to facilitate new capital and collaboration across the African gas industry. 

Sonatrach has long been considered one of Africa’s premier oil and gas companies and has been awarded the title of the first-ever ‘African major’. As a fully integrated group, Sonatrach serves as operator on some of the largest deposits in Africa; managing a strong pipeline of regional infrastructure projects, while facilitating the production of petroleum products at six refinery complexes – all of which are in production. Representing the Government’s interests in all oil and gas activities, Sonatrach is also tasked with attracting investment into the Algerian market, and as such, works closely with a number of Algerian and foreign players to unlock the full potential of the North African energy market.

Much of the country’s hydrocarbon success can be attributed to efforts made by Sonatrach, among other government entities, to establish an enabling environment for investment. A series of reforms have made the market highly attractive, with enhanced procedural clarity, improved fiscal terms, and growth-focused policies ensuring high returns on investment for foreign players. A new Hydrocarbon Law implemented in 2019 dramatically improved the legal/fiscal framework, enabling new capital to flow inwards. Against this backdrop, Algeria enjoys a strong presence of foreign players while the NOC has effectively expanded its footprint across high potential markets in Africa. Currently, several international oil companies operate or have interests in the country, including TotalEnergies, ENI, OXY, Equinor, among others, while others have expressed interest in investing.

Sonatrach is committed to investing in Africa’s energy future, and is working towards facilitating capital, expertise and local content across the entire energy value chain

During the AEC’s working visit, Sonatrach’s Vice President for Planning and Strategy, Rachid Zerdani, made clear the company’s long-term development plan. The company considers shale gas – of which Algeria holds the third largest reserves in the world at over 20 trillion cubic meters – to be both a lucrative investment opportunity and key solution for accelerating energy security in Africa, and is committed to increasing investment in this area. Sonatrach also hopes to supply the gas market with upwards of 110 billion cubic meters of gas per year through 2027 and increase its oil refining capacity to upwards of 30 million tons per year while advancing the development of domestic oil and gas fields. To do so requires significant levels of investment, which has led to the country opening a licensing round – spearheaded by the National Agency for the Valorization of Hydrocarbon Resources – in Cape Town in the near future to do just that. Sonatrach is also in negotiations with energy majors to advance shale gas exploration, and is seeking new partners to help develop its promising industry. As such, both the AEC and Sonatrach are aligned, with both parties emphasizing the crucial role gas monetization plays, not only in scaling up energy security on a continental basis, but by accelerating the pace at which Africa transitions to a clean energy future.

However, Sonatrach’s development ambitions go beyond the country’s borders, with the NOC looking at advancing its investment across both mature and emerging markets in Africa. Simply put, Sonatrach is committed to investing in Africa’s energy future, and is working towards facilitating capital, expertise and local content across the entire energy value chain with the aim of making energy poverty history by 2030 – the mandate of the AEW 2023 conference. The company already offers various technical assistance and workforce training programs aimed at scaling up human capital development, and with a number of world-class training facilities in-country, Algeria’s role as a skills development hub is quickly on the rise.

As an exploration and production (E&P) player, Sonatrach already represents the partner of choice for African resource-rich countries. The company has interests in markets including Libya (Block 65 and 95/96), Niger (Block KAFRA), Nigeria (Pipeline project), Tunisia (Kaboudia, Hmra & Nord Des Chotts Blocks), Mali (Block 20), and Mauritania (Block Ta29 and Ta1), however it is looking at significantly expanding this investment. From technical know-how to regulatory insights and oil and gas services, Sonatrach serves to advance energy developments across the continent through partnerships and collaboration.

Looking ahead, the AEW 2023 conference will see Sonatrach provide critical insight into the company’s continental objectives, with a strong delegation from Algeria coming to Cape Town to discuss collaboration, natural gas and intra-African trade. AEW 2023 provides the ideal platform where the Sonatrach delegation can engage with various global investors as well as regional counterparts, thereby forging new partnerships and investments. During the conference, a series of special sessions will take place, dedicated to the investment opportunities cropping up across the Algerian hydrocarbons market. Such sessions will provide key insight into Algeria’s regulatory and fiscal regime, the country’s untapped acreage and its long-term action plan.

“Sonatrach continues to make strides towards making energy poverty history by 2030. The company has placed investing in Africa as a top priority, and as such, is making efforts to partner with foreign companies and other NOCs, providing the support countries need to get large-scale oil and gas projects off the ground. Algeria’s shale gas opportunities cannot be overstated, and this industry is set to play a much larger role in Africa’s energy future. We are looking forward to the discussions and insights set to be provided by the Algerian delegation during AEW 2023. Algerian oil and gas is not only profitable for global investors but serves as a blueprint for how other African countries can monetize their resources and drive long-term economic growth,” stated NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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