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South Sudan: Strong Partnerships to Drive Oil Sector Growth

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South Sudan

Partnerships and joint venture initiatives will be at the top of the agenda during this year’s SSOP 2024 conference and exhibition

JUBA, South Sudan, May 9, 2024/APO Group/ — 

Holding interest in all exploration and production assets in South Sudan, South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) holds eight joint ventures (JVs) with international partners. These partnerships are set to bring international expertise, technology and energy infrastructure to the sector while playing a critical role in supporting the growth of South Sudan’s oil market.

Partnerships and JV initiatives will be a key point of discussion during this year’s South Sudan Oil & Power (SSOP) 2024 conference and exhibition. This year’s summit presents a key avenue to foster dialogue and strengthen relations between South Sudan and its partners in the oil sector.

SSOP 2024 positions South Sudan at the center of investments and partnerships in the East African energy landscape. Taking place in Juba on June 25-28, 2024, the conference and exhibition invites investors to explore and engage with opportunities across the hydrocarbons, renewable energy and power sectors. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

The Engine of East African Growth

Through Nilepet’s JV with South Africa’s Strategic Fuel Fund – the Nile Orange Energy Project – the NOC and its partner recently completed its initial survey over South Sudan’s Block B2, setting the stage for further exploration activities. The survey was conducted by the South Sudan Geophysical Company, demonstrating the potential to drive local capacities being developed as part of international alliances.

In June 2023, Zimbabwe’s Energy and Power Development Minister Magna Mudyiwa engaged South Sudan to support sizeable oil and gas finds expected in the country’s Muzarbani area. The Minister highlighted South Sudan’s expertise in the sector to offer advice on regulations, legal structures and handling of environmental issues to optimize oil recovery from the Cabora Bassa Basin in Zimbabwe’s Mashonaland Central Province.

South Sudan’s International Appeal

Nilepet met with the China National Petroleum Corporation last year to discuss renewing a production agreement that expires in four years. The meeting emphasized the need to increase oil production in Blocks 3 and 7 in the Paloch oil fields in the Upper Nile region of South Sudan, which is operated by the Dar Petroleum Oil Operating Company consortium. The consortium features participation from Chinese, Malaysian and Egyptian companies as partners.

Meanwhile, poised to export refined petroleum products to the wider East African region, development of the Bentiu Refinery is being overseen by SNP Group, a JV between Nilepet and Russia’s Safinat. The JV is currently looking to boost production and expand regional distribution from the refinery, which currently produces between 3,000 and 10,000 bpd.

In March 2023, Nilepet met with the Abu Dhabi National Oil Company to discuss a strategic vision for sustainable, reliable energy production and a commitment to an inclusive energy transition. With a focus on capacity building and partnerships, the companies discussed how South Sudan can leverage its oil resources to drive socioeconomic development on the back of mid- and downstream expansion.

Partnerships at the Center of Development

Nilepet is currently engaged in the SIPET Engineering and Consultancy Services JV, holding an 80% share along with Qingdao China Petroleum Geotechnical Engineering Company, which holds the remaining 20%. The NOC is also a majority owner in the Nile Delta JV along with Nigeria’s Niger Delta E&P, who own a 51% and 49% share, respectively. JV Nile Drilling Services is an operating company in South Sudan that is 90% owned by Nilepet and 10% owned by China’s Kerui Petroleum, while Nile-SLC is held by Nilepet (25%), South Africa’s CES Managed Services (36%) and Moloko Investment Group (49%).

In operations and maintenance, Nilepet holds a 31% interest in Dietsmann Nile S.A. Ltd. along with Italy’s Dietsmann Technology, which holds the remaining 69% interest. For technical support, Nilepet is engaged with Sudan’s Eyat in the NIYAT Oil Field Services JV, which hold a 40% and 60% stake, respectively. Meanwhile, the Nile Delta Systems JV is 51% owned by Nilepet while the remaining 40% stake is held by Poland’s Essesco.

Distributed by APO Group on behalf of Energy Capital & Power.

Events

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

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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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Business

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

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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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Business

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

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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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