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Sonatrach, Société Nationale des Pétroles du Congo (SNPC) Expand Partnership to Develop Hydrocarbon Resources

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Sonatrach

A burgeoning partnership between Algeria’s Sonatrach and the Republic of Congo’s SNPC – including a high-level meeting in Brazzaville earlier this month – unlocks a new era of intra-African energy cooperation

JOHANNESBURG, South Africa, May 28, 2024/APO Group/ — 

Algeria’s national oil company (NOC) Sonatrach and its Congolese counterpart Société Nationale des Pétroles du Congo (SNPC) continue to show a steadfast commitment to driving intra-African collaboration and partnership within the energy sector. Leveraging the strengths of both organizations to boost energy production, personnel training and refining capabilities within the region, their partnership is poised to contribute to the development of Africa’s oil and gas resources for enhanced energy security and economic growth.

On May 21, a high-level delegation from Sonatrach, led by CEO Rachid Hachichi, visited SNPC headquarters in the Republic of Congo’s capital city of Brazzaville. This strategic meeting marked a crucial step in fortifying the relationship between the two energy giants, with discussions focusing on several key areas of mutual interest that promise to bring significant benefits to both parties.

Partnerships among African energy producers will be a key focus area of this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, taking place from November 4-8 in Cape Town. Hachichi will lead a Sonatrach delegation at the event, which aims to catalyze collaboration and engagement with key stakeholders across Africa’s energy sector towards the common goal of increasing oil and gas production and eradicating energy poverty. Meanwhile, as the Republic of Congo seeks to ramp up oil production to 500,000 barrels per day and accelerate gas exploration and production activities, SNPC will showcase the country’s major investment opportunities, targeting gas monetization, improved infrastructure, clean technologies and the development of local talent.

Complemented by ongoing training initiatives initiated by SNPC and Sonatrach, the meeting provided an opportunity for the NOCs to discuss joint efforts in project financing, oil and gas infrastructure, regional markets, local content development, net-zero technologies, research and development and renewable energy collaboration. The meeting sought to ensure commercial, technical and technological collaboration in developing the two countries’ hydrocarbon resources, while supporting the exchange of research and development studies to optimize sector activities. The two parties also emphasized their commitment to facilitating data collection and the sharing of best practices, while supporting a wide range of capacity building initiatives.

The partnership also envisions establishing Sonatrach’s presence in the Republic of Congo through the launch of activities on new licensing permits. This strategic move will not only bolster Sonatrach’s footprint in the region, but also contribute to the development of the Republic of Congo’s upstream sector. The collaboration is expected to attract new investment and create job opportunities, thereby driving local content development and stimulating economic growth.

Finally, the visit served as a platform for the two entities to discuss recent market developments including updates to Congolaise de Raffinage, a refinery in Pointe-Noire that boasts a capacity of 600,000 tons of oil per year and covers 60-70% of the country’s refined petroleum product demand. The refinery recently underwent an overhaul of production units that served to modernize and increase its facilities and refining capacity.

Demand for natural gas in Africa is expected to peak by 2035 and remain the preponderant source of energy generation well into the 2050s

A critical aspect of the partnership between SNPC and Sonatrach is the sharing of Sonatrach’s extensive experience in the production, valorization and export of liquefied natural gas (LNG). Sonatrach, a global leader in LNG, will provide insights and best practices that can be adopted by SNPC to optimize its operations, as the Republic of Congo seeks to become a leading LNG exporter and key supplier to Europe.

This month’s visit by Sonatrach to Brazzaville comes on the heels of a high-level meeting between the two NOCs last year, which resulted in the signing of two Memoranda of Understanding (MOUs). Signed last July and August by Sonatrach CEO Toufik Hakkar and SNPC Managing Director Maixent Raoul Ominga, the MOUs laid the foundation for collaboration in the fields of exploration through to the marketing of hydrocarbons, with a view to maximizing the two countries’ hydrocarbon value chains. The pact sought to strengthen the development, transport, processing, distribution and supply of petroleum products, as well as the exchange of expertise, development of professional skills and training of SNPC personnel by Sonatrach.

These initiatives underscore the commitment of both Sonatrach and SNPC to the sustainable development of Africa’s energy resources. By leveraging their combined expertise, the two organizations aim to drive progress and innovation within the industry. The partnership represents a significant step forward in developing the continent’s diverse resource base and aligns with the AEW: Invest in African Energy conference’s commitment to fostering intra-African cooperation and achieving energy security.

“The strategy of SNPC and Sonatrach pays a lot of consideration to the role played by natural gas, which for the past five decades, has grown steadily, emerging as a critical energy source around the world. Africa will need it for industrialization and fighting energy poverty. Sonatrach is well advanced in gas monetization and sees the clear role that gas plays when it comes to the energy transition. It emits just half as much carbon dioxide as coal, and in many cases, it is cheaper than either coal or oil as a power source,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

“Demand for natural gas in Africa is expected to peak by 2035 and remain the preponderant source of energy generation well into the 2050s. For several African industries, gas is also likely to remain or grow as a fuel stock of choice, owing to its abundance and cost-effectiveness relative to other energy sources. SNPC and Sonatrach’s leadership are visionary in their thinking around intra-Africa energy trading. There is a huge market in Africa, and also an export market, which they are going to lead. SNPC’s Gas Master Plan provides world-class opportunities for investment and partnerships,” concluded Ayuk.

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.

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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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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