Connect with us

Business

South Africa’s Central Energy Fund Joins African Energy Week (AEW) 2023 as Platinum Sponsor

Published

on

Central Energy Fund

South Africa’s Central Energy Fund has joined the African Energy Week 2023 conference as a platinum sponsor, a testament to the company’s commitment to advancing energy security in the country

JOHANNESBURG, South Africa, September 6, 2023/APO Group/ — 

As a diversified energy company, South Africa’s state-owned Central Energy Fund (CEF) is committed to the search for appropriate energy solutions to meet the energy needs of South Africa, the Southern African Development Community and the sub-Saharan African region. The company is spearheading the development and operation of the country’s oil and gas assets while actively seeking alternative sources under efforts to advance security and sustainable access. As the company advances both its domestic role and regional footprint, the African Energy Chamber (AEC) (www.EnergyChamber.org) is proud to announce that CEF has joined the continent’s biggest energy event, African Energy Week (AEW) – taking place from October 16-20 in Cape Town – as a platinum sponsor.

As the state entity with the mandate to address energy poverty across Africa’s most industrialized, technologically advanced and diversified economy, CEF has positioned itself as a key player across the energy value chain. The company contributes to the security of energy supply across the region through its various arms, including PetroSA, iGas, the African Exploration Mining and Financing Corporation and the Strategic Fuel Fund, with operations across the oil, gas, coal, biomass, power, synthetic fuels and renewable energy sectors. CEF also has strategic energy partnerships and investments in Ghana, South Sudan, Mozambique and the Netherlands.

CEF has a pivotal role to play in alleviating South Africa’s energy crisis

In the hydrocarbons sector, CEF is involved in exploration and production activities through National Oil Company PetroSA. The company operates assets and infrastructure across the entire oil and gas value chain, with projects including a multi-well drilling campaign with Sunbird Energy in the Ibhubesi gas field – located in the Orange Basin; the 865km Rompco pipeline connecting onshore gas fields in Mozambique to South Africa; and over 50 million barrels of fuel storage facilities in Mpumalanga and the Western Cape province. As regional demand for oil and gas grows, CEF is committed to increasing investment and advancing its operations in the regional industry.

CEF has also emerged as a key driver of South Africa’s economic diversification strategy. In addition to its oil and gas operations, the company is involved in the development and commercialization of alternative energy resources and new technologies. CEF has a 15% share in the 100 MW Redstone Solar Thermal Power Plant and Molten Salt Energy Storage System in addition to other renewable investments. Under efforts to advance energy security as well as a transition to a clean energy future, the state energy firm is committed to increasing investments in this area, and will leverage AEW 2023 to connect with potential financiers and technology providers. 

“CEF has a pivotal role to play in alleviating South Africa’s energy crisis. The company has demonstrated its commitment to collaborating with industry players, partnering with regional governments and incentivizing global financiers to bring new energy supplies on the high-demand southern African market. This cooperation will be integral to the country’s energy future,” states NJ Ayuk, the Executive Chairman of the AEC.

CEF’s platinum sponsorship speaks to the caliber of AEW 2023 as the premier meeting place for Africa’s energy sector. With the sponsorship, CEF takes on a central role at the event this October, and the company’s strategic presence will advance new opportunities for deals in South Africa’s energy sector.

AEW is the AEC’s annual energy event which connects African governments and policymakers with global investors and project developers. This year’s conference takes place at the Cape Town International Convention Center. For more information about sponsorship, attendance, and partnership opportunities, visit www.AECWeek.com.

Distributed by APO Group on behalf of African Energy Chamber.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

on

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.

Continue Reading

Business

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

Published

on

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.

 

Continue Reading

Business

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

Published

on

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).

Continue Reading

Trending

Exit mobile version