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South Africa’s energy transition needs full financial support, says African Development Bank Group President

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The African Development Bank estimates that South Africa would need more than $30 billion for transition to renewable energy

JOHANNESBURG, South Africa, March 28, 2022/ — African Development Bank Group (www.AfDB.org) President Dr Akinwumi Adesina has assured South Africa of the Bank’s strong support as the country transitions from fossil fuel to renewable energy.

Adesina told Minister for Mineral Resources and Energy, Gwede Mantashe, that the Bank was in the process of setting up an African Energy Transition Facility to help South Africa secure adequate financing for its energy transition.

He said: “South Africa cannot and should not embark on the journey of energy transition without the necessary financial support.” He said through the African Energy Transition Facility, “South Africa can leverage on the $8.5 billion in grants from the G7 countries to generate all the money it needs for its just energy transition without getting into debt.”

The African Development Bank estimates that South Africa would need more than $30 billion for transition to renewable energy.

The Bank is financing several renewable energy projects in South Africa, including the 100 megawatt Sere wind power plant, the 100 megawatt Xina solar power concentrated power plant, and the award-winning 100 megawatt Red Stone solar project. The Bank is also preparing a $400 million package to support the country’s electricity utility company, Eskom, as it transitions to renewable energy.

Adesina and Minister Mantashe met in South Africa’s capital Pretoria, where they discussed a range of opportunities for the country, which relies on coal for 75% of its energy needs.

According to Mantashe, the government is committed to achieving a 15% reduction in coal power production and an 18% increase in renewable energy by 2030.

He said: “We want to move from high carbon to low carbon emission. The Just Energy Transition plan should be about people’s lives and livelihoods, particularly in coal mining areas. We must develop a concrete alternative economic program for communities in those areas.”

The minister said the government was planning to generate additional 1,500 megawatts of electricity from coal. “We want to be actively involved in the experiment for cleaner coal production technology, including carbon capture and storage…If the experiment works, we’ll expand it and that will reprieve coal as a commodity.”

The minister said gas and nuclear were part of South Africa’s energy mix. He described gas as a game changer for development and cited Mozambique, whose economic prospects have changed following gas discovery.

According to Adesina, solar power should be a key part of South Africa’s energy mix. “Be bold about solar power,” he said. “Africa today has no choice but to transition out of coal. But God is good to us. We have 11 terawatts of solar. That is Africa’s future. South Africa can help make that future happen. South Africa can become and should position itself to be the lead manufacturer of polysilicon.”

Polysilicon is used to manufacture solar panels and other products, which are currently imported mainly from China.

Mantashe told the African Development Bank Group president and his delegation that South Africa had discovered rare earth minerals, essential in manufacturing solar power components. “The minerals of the future that will contribute to a green economy are here,” he said.

The Bank Group chief and the minister also discussed the impact on Africa of Russia’s war in Ukraine, which has already led to an increase in the prices of food, fertilizer, oil and gas.

Adesina said the African Development Bank was developing a plan to raise $1 billion to fund emergency food production and avert a looming food crisis across Africa.

Minister Mantashe said the South African government was considering using 10 million barrels of its crude oil reserves to control the rising prices of petroleum by suspending all taxes and levies for two months.

Please find more images here (https://bit.ly/36X3wYh)


Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Sonangol Takes Emerald Sponsorship at African Energy Week (AEW) 2026 as Angola Expands Deepwater and Gas Portfolio

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African Energy Chamber

Angola’s national oil company strengthens its continental leadership as major 2026 oil, gas and infrastructure projects reshape its production and investment footprint

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –Angola’s national oil company Sonangol has been confirmed as an Emerald Sponsor of African Energy Week (AEW) 2026, reinforcing its position as one of the continent’s most influential integrated energy players at a time of rapid upstream expansion and downstream transformation.

The sponsorship comes as Sonangol accelerates a multi-billion-dollar investment drive across exploration, production, gas monetization and refining infrastructure, with several flagship projects set to reshape Angola’s energy landscape through 2030.

At the heart of this expansion is Sonangol’s continued partnership with international operators on major offshore developments. In Block 15/06, the Agogo Integrated West Hub – developed alongside Azule Energy and Sinopec – reached production in 2025, adding significant new volumes through the Agogo and Ndungu fields and reinforcing Angola’s drive to sustain output above one million barrels per day.

Another cornerstone development is the Kaminho Deepwater Project in Block 20/11, operated with TotalEnergies and Petronas, which targets first oil in 2028 with an estimated production capacity of around 70,000 barrels per day. The project represents a key step in unlocking Angola’s Kwanza Basin frontier and demonstrates Sonangol’s continued role in large-scale deepwater developments.

Sonangol continues to demonstrate the strategic importance of African national oil companies in shaping the continent’s energy future

In parallel, Sonangol is expanding its gas portfolio through its stake in the New Gas Consortium, Angola’s first non-associated gas development. The Quiluma field recently achieved first gas and is expected to ramp up to around 330 million cubic feet per day at plateau, supplying feedstock to the Angola LNG plant and reinforcing the country’s position as a long-term LNG exporter.

Downstream, Sonangol is advancing an ambitious refining expansion strategy aimed at strengthening fuel security and value retention. The Cabinda Refinery has entered its final testing and commissioning phase, with operations expected to ramp up imminently following initial start-up and fuel deliveries beginning in 2026. Long-term projects in Lobito and Soyo are positioned to substantially expand Angola’s refining capacity over the coming decade.

Beyond hydrocarbons, Sonangol is also deepening its diversification into renewables and integrated power. Through renewable energy partnerships, including solar initiatives such as the Quilemba Solar Project in southern Angola developed with international partners, the company is gradually building a multi-energy portfolio aligned with Angola’s broader energy transition goals.

Financially, Sonangol has also strengthened its balance sheet to support this expansion, securing a $1.75 billion syndicated financing facility in early 2026 to support operational and capital investment needs across its portfolio.

Sonangol’s role as Emerald Sponsor of AEW 2026 therefore comes at a pivotal moment for both the company and Angola’s energy sector. The partnership underscores the company’s intent to position itself not only as a national champion, but as a continental energy leader driving investment, partnerships, and infrastructure development across the value chain.

“Sonangol continues to demonstrate the strategic importance of African national oil companies in shaping the continent’s energy future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Its investment drive across upstream, gas and downstream infrastructure reflects a clear commitment to long-term value creation, energy security and industrial growth in Angola and beyond.”

Distributed by APO Group on behalf of African Energy Chamber.

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South Sudan Declines to Renew Oranto’s License for Block B3

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South Sudan

This decision follows a comprehensive review of Oranto’s performance under the EPSA over the six-year contractual period

JUBA, South Sudan, April 30, 2026/APO Group/ –The Ministry of Petroleum of the Republic of South Sudan (https://MOP.Gov.SS) announces that it has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3.

This decision follows a comprehensive review of Oranto’s performance under the EPSA over the six-year contractual period. The review found that Oranto did not meet key work program obligations, including the completion of required seismic surveys and the drilling commitments stipulated in the agreement.

In addition, Oranto failed to fulfill its financial obligations to the Government of South Sudan and related project commitments, as provided for under the EPSA framework.

In line with the Government’s policy of ensuring responsible resource development and attracting credible, technically capable investors, the Ministry has therefore concluded that the non-renewal of the Block B3 license is in the best interest of the country.

Block B3 is now open for new applications, and the Ministry of Petroleum welcomes interest from serious and qualified international and regional oil and gas companies committed to timely exploration, compliance with contractual obligations, and long-term partnership with the Republic of South Sudan.

The Ministry reaffirms its commitment to transparency, accountability, and the sustainable development of South Sudan’s petroleum sector.

Distributed by APO Group on behalf of Ministry of Petroleum South Sudan.

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APO Group Wins Gold Stevie® Award In 2026 Middle East & North Africa Stevie® Awards

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APO Group

Winners to Be Celebrated During a Gala Event on 11 September at the InterContinental Hotel, Istanbul, Türkiye

JOHANNESBURG, South Africa, April 30, 2026/APO Group/ –APO Group (www.APO-opa.com), the pan-African communications consultancy integrating advisory, execution, and proprietary news distribution, today was named the winner of a Gold Stevie® Award in the Most Innovative Public Relations Agency of the Year category in the seventh annual Middle East & North Africa Stevie Awards, sponsored by the RAK Chamber of Commerce and Industry.

The Middle East & North Africa Stevie Awards are the only business awards programme to recognise innovation in the workplace in 18 nations in the Middle East and North Africa.  The Stevie Awards are widely considered to be the world’s premier business awards, conferring recognition for achievement in programmes such as The International Business Awards® for 24 years.

More than 1,400 nominations from organisations across the Middle East and North Africa were considered this year in categories such as Award for Excellence in Innovation in Products & ServicesAward for Innovative Management, and Award for Innovation in Corporate Websites, among many others.  APO Group won in the Most Innovative Public Relations Agency of the Year category.

APO Group’s winning submission presented a body of work spanning major international brands, humanitarian organisations, and global technology and business investment platforms, collectively generating over USD1.2 billion in PR value, more than 1,500 media features and interviews, and over 20 million social media impressions. Together, these results reflect a communications model built on integration: strategy, on-ground PR, and guaranteed visibility operating as one high-impact system.

These campaigns, executed for organisations such as Africa’s Business Heroes, Canon, Mercy Ships, The Basketball Africa League (BAL), GITEX Africa, and the Global Africa Business Initiative (GABI), demonstrate APO Group’s ability to operate at scale across sectors and markets, delivering innovative strategic communication with measurable results.

We are delighted to recognise the achievements of such a diverse group of organisations across the MENA region in the 2026 edition of the Middle East & North Africa Stevie Awards

“This award recognises something specific: a communications model that treats consultancy, execution, and distribution as one system rather than three separate disciplines. The MENA Stevie® Awards reflect APO Group’s commitment to delivering PR and communications strategies that match the realities of operating across Africa,” said Bas Wijne, Chief Executive Officer at APO Group. “Effective pan-African work requires deep knowledge of how individual markets function, how media ecosystems differ, and how audiences in each context connect with a narrative. We’re proud to help African and MENA organisations engage with impact across one of the world’s most complex and rewarding media landscapes.”

Gold, Silver, and Bronze Stevie Award winners were determined by the average scores of more than 150 executives around the world acting as judges on six juries.

“We are delighted to recognise the achievements of such a diverse group of organisations across the MENA region in the 2026 edition of the Middle East & North Africa Stevie Awards,” said Stevie Awards president Maggie Miller.  “We look forward to celebrating Stevie winners during our gala event on 11 September at the InterContinental Hotel, Istanbul, Türkiye.  The quality of nominations received this year was exceptional. The programme has grown every year, showing the vast amount of innovation in the MENA region.”

APO Group has received multiple major industry honours over the past year, including consecutive Gold Sabre Awards and Gold at the Davos Communications Awards for excellence in strategic communications and campaign execution. The company was also named Africa’s Leading PR Agency – 2025 by Brands Review Magazine and Best Public Relations & Media Consultancy Agency of the Year – 2025 by World Business Outlook.

Operating across 54 African countries, APO Group provides communications advisory services, public relations, and media distribution through its proprietary newswire, Africa Newsroom, which places content on more than 250 Africa-focused news platforms worldwide.

This latest accolade adds to APO Group’s growing record at these prestigious awards. In 2025, Rania El-Rafie, Vice President, Public Relations and Strategic Communications, was awarded a Bronze Stevie® Award in the ‘Most Innovative Woman of the Year’ category. El Rafie also chaired the Public Sector & Thought Leadership Awards Judging Committee at this year’s competition.

Details about the Middle East & North Africa Stevie Awards and the list of Stevie Award winners are available at https://MENA.StevieAwards.com.

Distributed by APO Group on behalf of APO Group.

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