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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.

Business

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

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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 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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