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South Sudan’s Petroleum Minister Joins African Energy Week (AEW) 2024 Amid Strategic Oil Sector Development

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African Energy Chamber

Puot Kang Chol, South Sudan’s Minister of Petroleum, will join AEW 2024 to highlight efforts by the ministry to revitalize the oil sector through transformative infrastructure and investment initiatives

CAPE TOWN, South Africa, October 9, 2024/APO Group/ — 

South Sudan’s energy sector is undergoing a transformative phase, marked by strategic agreements focused on developing export routes, boosting refining capacity and expanding midstream infrastructure. To secure new investment in support of these goals, South Sudan’s Minister of Petroleum Puot Kang Chol will speak at the African Energy Week (AEW): Invest in African Energy 2024 conference – scheduled for November 4-8 in Cape Town. During the event, Minister Chol will discuss the nation’s progress in expanding its oil export infrastructure and explore broader investment opportunities in South Sudan’s energy sector.

One of the primary areas of focus for South Sudan is increasing regional petroleum trade. A key project that is currently in the planning stage is a $778-million infrastructure initiative developed in collaboration with Ethiopia. Aimed at enhancing oil transportation, the project includes the construction of a 220-km road linking Upper Nile State in South Sudan to the Ethiopian border. A second pipeline will also be developed to connect South Sudan with the Port of Djibouti. During AEW: Invest in African Energy 2024, Minister Chol will provide insight into the strategic investment opportunities across this project.

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 http://www.AECWeek.com for more information about this exciting event.

South Sudan remains a highly attractive destination for investment, especially in its oil sector

South Sudan is pursuing an ambitious plan to increase its oil production to 230,000 barrels per day (bpd) in the short term, with a long-term goal of reaching 450,000 bpd. Despite being East Africa’s only major oil producing nation, the country currently relies heavily on pipeline infrastructure through Sudan. The existing PetroDar pipeline, which currently transports approximately 100,000 bpd of South Sudan’s Dar Blend crude oil from Blocks 3E and 7E to Port Sudan, has encountered significant challenges, including stoppages and gelling issues. These challenges could impact the country’s ability to efficiently achieve these production targets. As such, the country is focusing on projects that reduce this reliance by offering diverse export options for South Sudanese oil.

Specifically, South Sudan recently entered into discussions with China National Petroleum Corporation (CNPC) to advance the cross-border pipeline project with Ethiopia. These discussions include plans to increase crude oil production, build a new refinery and strengthen the oil distribution network, which is expected to significantly enhance South Sudan’s energy infrastructure and its ability to export oil efficiently. The overall aim is to maximize output at South Sudanese blocks, boosting regional trade and development. To further reduce the country’s dependency on existing infrastructure, South Sudan’s national oil company Nile Petroleum Corporation signed a Memorandum of Understanding (MoU) with Chinese firm Shengli Oilfield Keer Engineering and Construction Company. The companies are looking at building a modern oil refinery and storage facilities in the country, marking a step toward enhancing the nation’s energy capacity and attracting investment.

To address export challenges and bolster its midstream capacity, Nile Services and Logistics Company, a subsidiary of Nilepet, signed a MoU with oil and gas company Zenith Energy. This partnership focuses on exploring opportunities for constructing storage tanks, pipelines and crude oil storage facilities, which are essential to strengthening South Sudan’s energy security infrastructure and supporting the nation’s efforts to fully harness its oil resources. Alongside this, the Greater Nile Oil Pipeline, with a capacity of 250,000 bpd, remains a critical component of the country’s oil export strategy.

“South Sudan remains a highly attractive destination for investment, especially in its oil sector. The government’s proactive measures to enhance oil infrastructure, combined with strong partnerships with industry leaders, demonstrate a clear commitment to unlocking the country’s vast resources and driving economic growth. These initiatives present major opportunities for investors looking to engage in a market with immense potential,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

At AEW: Invest in African Energy 2024, Minister Chol will discuss South Sudan’s advancements in oil export infrastructure and broader investment opportunities in the country’s energy sector. He will provide details on the ongoing projects and facilitate discussions with global stakeholders on potential investment avenues.

Distributed by APO Group on behalf of African Energy Chamber.

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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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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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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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