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Southern Africa’s Frontier Energy Developments to be Unpacked at Invest in African Energy (IAE) 2024

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Energy

European investors will access projects across LNG, gas-to-power, energy storage and green hydrogen – and associated first-mover advantages in the region – at Invest in African Energy 2024 in Paris

PARIS, France, December 8, 2023/APO Group/ — 

Frontier developments in the southern African region will be on display at the upcoming Invest in African Energy (IAE) 2024 forum in Paris, connecting European investors with Africa’s leading projects. The region is home to several new and emerging energy markets — namely, Mozambique, South Africa and Namibia – which offer first-mover advantages and access to transformative projects. These developments will be unpacked in further detail – and interested parties connected with the relevant project stakeholders – at the upcoming IAE 2024 in Paris next May.  

Mozambique

Mozambique has established itself as a major regional gas hub after exporting its first Liquefied Natural Gas (LNG) shipment in November 2022 under a long-term purchase and sale contract with bp. The country’s natural gas reserves are among the largest in sub-Saharan Africa and have the capacity to ease Europe’s energy supply crunch. In addition to first production from the Coral Sul Floating LNG development, Mozambique has two other large-scale projects underway – ExxonMobil’s Rovuma LNG and TotalEnergies’ Mozambique LNG – which expect first gas in 2027 and 2028, respectively. Both projects offer myriad opportunities for contracting and procurement and could stimulate new gas trade deals between Mozambique and European partners.

To ensure that gas utilization goes beyond crude gas exports, Mozambique is also implementing gas-to-power infrastructure projects to meet regional energy demand. The planned Mozambique (Cabo Delgado) to South Africa (Richard’s Bay) Gas Pipeline will supply natural gas from the Rovuma Basin to South Africa, reducing the latter’s reliance on coal-fired power generation. The Nacala LNG-to-Powership project is another key power project underway, representing the first LNG-to-power solution and floating storage regasification unit in eastern and southern Africa. Accordingly, the sector is ripe with opportunity for European investors, project developers and technology providers when it comes to grid innovation and alternative power solutions.

The region is home to several new and emerging energy markets—namely, Mozambique, South Africa and Namibia–which offer first-mover advantages and access to transformative projects

South Africa

South Africa represents a highly prospective oil and gas market, with 15 projects in the pipeline between 2023 and 2027, aimed at exploiting the country’s estimated 27 billion barrels of crude oil and 60 trillion cubic feet of natural gas. Several projects target energy storage in particular – which South Africa urgently needs to achieve a more stable energy supply – such as the 94,000-barrel Richards Bay III Oil Storage and 189,000-barrel Nelspruit Oil Storage facilities. Energy storage represents an attractive opportunity for investors, as it protects against inflation, leverages sustainable energy infrastructure and has the potential to generate significant returns in a relatively short period of time compared to traditional infrastructure. 

Several field developments are also underway, providing opportunities for drilling companies and subcontractors. The Amersfoort Field Development is set to drill 20 wells in the region, coupled with the construction of the Amersfoort gas-to-power project that uses the gas produced to power a containerized generator that will be integrated with the national grid from 2024. The Virginia Phase 2 project is another strategic integrated project set to produce commercial quantities of LNG and liquid helium for global export, while the Port of Ngqura FLNG project will involve the installation of a floating storage and regasification unit, gas-to-power infrastructure, cryogenic pipelines and terminal for the processing, storing, on-site exploitation and distribution of gas acquired from the country’s on– and offshore fields.

Namibia

A rapid succession of five major oil discoveries in the offshore Orange Basin has catapulted Namibia to the global exploration spotlight and attracted the attention of major operators. Ongoing and planned drilling activities in 2024 include a 10-well exploration and appraisal program from Shell in PEL 39, a four-well appraisal and exploration program from TotalEnergies in Blocks 2913B and 2912, a two-well campaign from Galp Energy in PEL 83 and a 12-well exploration and appraisal program from ReconAfrica in PEL 73. With a flurry of upstream activity, Namibia offers associated opportunities for drilling, EPC and other technical contractors.

In addition to being one of Africa’s leading oil and gas frontiers, Namibia has emerged as an upcoming green hydrogen hub. The country is commissioning sub-Saharan Africa’s largest green hydrogen production plant, led by Hyphen Hydrogen Energy and capable of producing 300,000 tons of green hydrogen and/or ammonia. The development will also feature wind and solar plants with a combined capacity of 7 GW. Given Europe’s interest in supporting clean energy solutions in Africa, green hydrogen is a highly prospective opportunity for European investors to engage with in Namibia. 

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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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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