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South Africa’s Central Energy Fund Group Joins African Energy Week 2022 as Host National Oil Companies and Platinum Sponsor

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3 years ago

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Central Energy Fund

The Central Energy Fund will drive dialogue around how Africa can maximize energy developments to address its looming energy shortages as the host National Oil Company and a platinum sponsor of AEW 2022

JOHANNESBURG, South Africa, September 21, 2022/APO Group/ — 

With Africa seeking to accelerate its economic growth whilst ensuring energy access for all, the optimal production and exploitation of the continent’s estimated 125.5 billion barrels of crude oil and 620 trillion cubic feet of gas reserves is key, and Africa’s national oil companies (NOCs) have a critical role to play. In this regard, the African Energy Chamber (AEC) is proud to announce that South African state-owned energy company, the Central Energy Fund (CEF) – which itself has a mandate to make energy poverty history across the continent by 2030 – will be attending and participating at the African Energy Week (AEW) (www.AECWeek.com) conference and exhibition – taking place from October 18 – 21 in Cape Town – as the host NOC and a platinum sponsor. As the host NOC and a platinum sponsor for AEW 2022, CEF and its subsidiaries will welcome delegates, ministers and fellow NOCs at the continent’s largest energy gathering.

Representing Africa’s second largest and most industrialized economy, the participation of CEF as the host NOC and platinum sponsor at AEW 2022 – Africa’s premier event for the oil and gas sector – will be crucial for shaping thoughtful discussions around how Africa can enhance investments and developments across the entire energy value chain to be able to provide access to energy to the over 600 million people currently living without whilst fueling long-term and sustainable economic growth.

As the host NOC and a platinum sponsor for AEW 2022, CEF and its subsidiaries will welcome delegates, ministers and fellow NOCs at the continent’s largest energy gathering

With CEF Group working towards secure, reliable and affordable energy solutions for South Africa by 2030, the state-owned enterprise – through its various arms including PetroSA; the Strategic Fuel Fund; oil and gas exploration and production company, iGas Energy; and the Petroleum Agency of South Africa – has and continues to be instrumental in driving energy sector growth across the southern African region through partnerships with regional and global energy companies and investors.

With inadequate investment across the entire oil and gas value chain causing the continent to suffer chronic energy shortages and high fuel prices, CEF has emerged as a driver of oil and natural gas developments in South Africa as well as across the entire African continent. Notably, as both Mozambique and South Africa expand their domestic gas economies, CEF is one of the key players, promoting regional integrated energy sector growth by developing, owning and operating the 865km gas transmission pipeline connecting the two countries. In collaboration with integrated energy and chemical company Sasol, CEF Group has also pledged to reducing energy imports and ensure long-term energy security in South Africa through the increased production and use of the country’s gas resources.

“The Chamber is proud to have the CEF Group as the host NOC for this year’s edition of AEW 2022. The NOC’s presence at Africa’s biggest energy event is a strong testament of the works being done by the AEC in partnership with African NOCs and energy market players to deliver a just energy transition for Africa through the exploitation of the continent’s oil and gas resources. We believe Africa will prosper if it drills more oil and gas wells and exploit these resources for its energy needs. This is what the CEF and other NOCs will be discussing at AEW 2022,” states NJ Ayuk, the Executive Chairman of the AEC.

With the CEF in search for appropriate energy solutions to address the ongoing electricity shortages in South Africa through the diversification of the energy mix, AEW 2022 presents the best platform for the host NOC to promote opportunities for partnerships with regional, continental and global energy companies and investors. As the host NOC and platinum sponsor for AEW 2022, top executives from the CEF will have access to exclusive panel discussions and networking forums where updates regarding the NOC’s current projects and future strategies both in South Africa and across the region will be shared. 

Distributed by APO Group on behalf of African Energy Week (AEW).

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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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2 days ago

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February 6, 2026

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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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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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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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2 days ago

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February 6, 2026

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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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