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S&P Global Commodity Insights Joins Forces with the African Energy Chamber (AEC) to Accelerate Africa’s Energy Development Through Market Expertise

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African Energy Chamber

S&P Global Commodity Insights has joined the African Energy Chamber as an official partner with aims to deliver market intelligence and expertise throughout the continent

CAPE TOWN, South Africa, January 30, 2025/APO Group/ — 

The African Energy Chamber (AEC) (https://EnergyChamber.org/) – the voice of the African energy sector – is pleased to announce that energy and commodities information company S&P Global Commodity Insights has joined the Chamber as an official partner. With the partnership, the AEC and S&P Global Commodity Insights aim to deliver high-level market intelligence to attract capital, technology and expertise to markets throughout the continent, with a view to driving socioeconomic development and eradicating energy poverty across Africa by 2030.

S&P Global Commodity Insights is an independent source of information, credit ratings, benchmark prices and analytics for global energy and commodities markets. The company offers market data, expertise and technology solutions to businesses, governments and regulators, helping them make informed decisions and drive sustainable, forward-thinking solutions. Through this partnership, S&P Global Commodity Insights will provide the AEC with access to its research, analysis and market reports, aiming to shape complex discussions on global energy supply chains, sustainability and the energy transition.

Africa’s energy market is expected to face a number of challenges and opportunities in 2025, shaped by domestic and regional energy growth and global trends. The continent is seeing significant additions to refining capacity solutions, notably with the Dangote refinery in Nigeria, the largest in Africa, which is set to come online in 2025. Meanwhile, Senegal and Mauritania achieved a major milestone this year with the start of operations at the Greater Tortue Ahmeyim development, marking the beginning of gas-drive energy security in West Africa.

Meanwhile, striving to boost natural gas production while maintaining crude output above one million barrels per day (bpd) beyond 2027, 2025 promises to be an exciting year for Angola’s energy industry. S&P Global Commodity Insights has positioned infrastructure-led exploration as the key driver of frontier basin oil and gas development in Angola, with its robust foundation comprising logistics bases, maritime terminals and refining facilities. An upcoming bid round in the country promises to drive exploration and production, bringing additional reserves online while expanding enhanced recovery at producing fields.

This partnership ensures we are not only making informed decisions but also fostering sustainable, impactful solutions for the future of Africa and the world

Libya’s target to boost oil production to 2 million bpd by 2027 has positioned the country on track for a dynamic energy sector transformation. International energy companies like TotalEnergies, Eni, Repsol, Equinor and bp have recommitted to exploration drilling activities in the country while a new oil and gas licensing round and 45 greenfield and brownfield projects are in the pipeline. Meanwhile, large-scale gas development projects are underway – including an $8 billion gas production deal with Eni – to enhance national energy security as well as regional gas trade to Europe.

On the back of a five-year licensing plan, Algeria has positioned itself for increase upstream investment and capital injection to drive new exploration activities. The country plans to inject nearly $50 billion into hydrocarbon projects over the next four years, 71% of which will be directed to exploration and production. With crude oil reserves estimated at 12.2 billion barrels – the third largest in Africa and tenth largest globally – and home to approximately 159 trillion cubic feet of natural gas reserves, Algeria offers the change for companies to make high-impact discoveries.

As such, the continent’s oil production in 2025 is projects to stay steady, with key players like Nigeria, Angola and Libya striving to boost production. additionally, natural gas will be vital for Africa’s power generation, with investments in LNG poised to increase, especially in West Africa, and new deepwater regions like Ivory Coast and Namibia further bolstering supply. While investment is cautiously optimistic, the exploration sector has seen increased interest from international companies in the Middle East and Asia, offering Africa opportunities to unlock new reserves and strengthen its position as a key player in the global hydrocarbons market.

“This collaboration with S&P Global Commodity Insights will leverage expertise of the energy sector to help shape the future of energy on the continent, enabling us to tackle the challenges of energy poverty and drive socioeconomic development in line with our 2030 goals. As we work to harness Africa’s vast natural resources, this partnership ensures we are not only making informed decisions but also fostering sustainable, impactful solutions for the future of Africa and the world,” states Tomás Gerbasio, VP Commercial and Strategic Engagement.

The partnership between the AEC and S&P Global Commodity Insights reaffirms the Chamber’s dedication to propelling Africa’s energy sector forward through impactful discussions, cutting-edge solutions and global market analytics. Through this partnership, S&P Global Commodity Insights will collaborate closely with the AEC by leveraging deep market insights and analysis through research experts and thought leaders, aiming to shape complex discussions on global energy supply chains, sustainability and the energy transition.

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

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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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