Connect with us

Business

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

Published

on

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.

Business

South Sudan Targets New Energy Investment as African Financing Options Expand

Published

on

The launch of the Africa Energy Bank, regional banking partnerships and upstream exploration activity bring new financing opportunities into focus at SSOP 2026

JUBA, South Sudan, November 9, 2026/APO Group/ –South Sudan is seeking new investment to expand oil production, develop exploration acreage and strengthen petroleum infrastructure as African financial institutions increase their focus on energy project financing. With 14 exploration blocks available and plans to raise crude output from approximately 174,000 barrels per day (bpd) to 230,000 bpd in the near term, the country is targeting capital for both new developments and existing producing assets.

 




  

The upcoming South Sudan Oil & Power (SSOP) conference – scheduled for November 24-25, 2026, in Juba – will serve as the premier venue for investors, development finance institutions (DFIs) and project developers to structure funding, forge partnerships and allocate capital across the nation’s evolving energy value chain.

South Sudan Advances Upstream, Infrastructure Opportunities  

South Sudan’s investment pipeline spans exploration, enhanced oil recovery, refining, crude transportation and power infrastructure. With an estimated 3.5 billion barrels of proven oil reserves, the country is seeking to attract new operators and technical partners to develop available acreage while improving production efficiency across mature fields.

Regional national oil companies are already advancing exploration activities. The South African National Petroleum Company (SANPC), through its subsidiary Strategic Fuel Fund, holds a 90% interest in Block B2 alongside national oil company Nile Petroleum Corporation (Nilepet). SANPC is preparing further exploration work, including a planned 2D seismic campaign, creating opportunities for geophysical contractors, equipment suppliers and technical service providers.

Nilepet is also pursuing investment in downstream infrastructure, including a proposed 350-kilometre crude pipeline connecting the Tharjiath oilfields in Block 5A with the Paloch oilfields in Blocks 3 and 7. The company is seeking strategic investment partnerships for refinery development and the pipeline project, alongside plans to expand fuel storage, distribution and LPG infrastructure.

Development Finance Expands Investment Options 

The formal establishment of the Africa Energy Bank on October 31, 2026, marks a significant development in regional energy financing. Created by the African Petroleum Producers’ Organisation and Afreximbank, the institution has $5 billion in authorized capital and is expected to begin financing projects in 2027.

The bank aims to address funding gaps across Africa’s oil and gas sector, with an initial focus on regional infrastructure, including pipelines, refining and domestic energy development. Its establishment could create additional financing options for South Sudan’s petroleum projects, although no funding commitments to the country have been announced.

Beyond the AEB, development finance institutions are already supporting South Sudan’s wider energy infrastructure. The World Bank is financing the $53 million South Sudan Energy Sector Access and Institutional Strengthening Project, which includes grid expansion in Juba and support for decentralized electrification. Meanwhile, the African Development Bank Group has approved $153.66 million in financing for the Uganda–South Sudan electricity interconnection project, supporting regional power trade and improved electricity access.

Afreximbank also maintains a trade finance partnership with South Sudan’s Kush Bank, which was appointed as an intermediary in 2023. The arrangement provides a framework for trade finance instruments, including letters of credit and bank guarantees, that can support equipment imports and commercial activity. Access to these instruments could benefit domestic suppliers and service companies participating in the energy sector.

SSOP 2026 Connects Energy Projects with Global Capital 

As South Sudan seeks to accelerate production growth and expand its energy infrastructure, SSOP 2026 will provide a platform to connect priority projects with regional and international financiers.

Returning as the country’s official energy investment platform, the conference will bring together government representatives, national and international oil companies, development finance institutions, commercial banks, private investors and technology providers to explore financing structures, investment partnerships and project development opportunities.

Held under the theme Resource Renaissance – Energy-Fueled Growth for a New Generation, SSOP 2026 will focus on mobilizing capital across exploration, production optimization, refining, petroleum transportation and power infrastructure, supporting South Sudan’s efforts to translate its energy resources into commercial development.

For more information, visit https://SouthSudanOilPower.com/.

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

 




 

Continue Reading

Business

Zambia–Lobito Railway Moves Towards Financial Close as President Hichilema Meets Africa Finance Corporation (AFC) Leadership

Published

on

Project advances towards financing with preferred EPC bidders selected and letters of intent covering approximately 2 million tonnes a year signed

LUSAKA, Zambia, November 6, 2026/APO Group/ –His Excellency Hakainde Hichilema, President of the Republic of Zambia, has received a delegation from Africa Finance Corporation (AFC) (www.AfricaFC.org), led by its President and Chief Executive Officer, Samaila Zubairu, to review progress on the Zambia–Lobito Railway Project. AFC, the continent’s leading infrastructure solutions provider, is the lead sponsor and developer of the project.

The approximately 830-kilometre railway will connect Chingola in Zambia’s Copperbelt to Luacano in Angola, where it will link with the existing Benguela Railway and provide direct access to the Atlantic Ocean through the Port of Lobito.

 




 
 

A strategic component of the broader Lobito Corridor initiative, the project has reached several important development milestones. AFC last month announced preferred bidders for the engineering, procurement and construction (EPC) contracts for the Angolan and Zambian sections, following an international competitive tender. The project has also signed memoranda of understanding and letters of intent with prospective railway users covering approximately 2 million tonnes of freight a year.

Every tonne that leaves Zambia unprocessed takes jobs away with it

In addition to providing a direct Atlantic export route for Zambia’s copper and critical minerals, the project is being developed as an integrated economic corridor supporting agricultural exports, petroleum logistics, manufacturing and regional trade. Transit from the Copperbelt to the Port of Lobito is expected to take approximately seven days.

The project’s commercial strategy targets approximately 5 million tonnes of annual freight at steady state, comprising petroleum products, agricultural commodities, copper, cobalt, zinc and other industrial cargo. AFC is targeting financial close in 2027.

Discussions focused on continued collaboration between AFC and the Government of Zambia on the project’s next steps, including the railway’s right of way and land for associated agricultural, petroleum and freight-handling facilities. The meeting also considered rail sector policy measures to support the corridor’s long-term competitiveness, including integration with the Zambia Railways network and the Chingola–Ndola line.

President Hichilema reaffirmed the railway’s importance to Zambia’s economic development and regional integration. He said: “The Zambia–Lobito Railway is central to our vision of transforming Zambia into a competitive regional hub for trade, manufacturing, agriculture and mineral value addition. By connecting our productive sectors to international markets more efficiently, we can reduce logistics costs, attract investment and create jobs. We welcome AFC’s progress and will continue working closely together to advance this strategic project.”

Samaila Zubairu, President and Chief Executive Officer of AFC, said: “Every tonne that leaves Zambia unprocessed takes jobs away with it. This railway changes that. Starting in Chingola, it gives Zambia a seven-day route to the Atlantic and every reason to process, manufacture and add value at home. With preferred EPC bidders selected and strong interest from freight users, we are now working with the Governments of Zambia and Angola, the African Development Bank, the Government of Italy and our other partners to reach financial close. We are building a railway. Zambia will build an economy on it.”

AFC continues to work with the Governments of Angola and Zambia, the European Union, the United States Government, the Government of Italy and the African Development Bank, alongside Italian development finance institution CDP and Italian export credit agency SACE, to bring the Zambia–Lobito Railway into construction.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

 




 

Continue Reading

Business

Mukuru Partners with Flash to Add 170,000 Cash Pay-in Points Across South Africa

Published

on

New partnership brings remittance payments into township, peri-urban and rural spaza shops nationwide

JOHANNESBURG, South Africa, November 6, 2026/APO Group/ –Mukuru (www.Mukuru.com), a leading financial services provider, has partnered with Flash, a payments technology company with an extensive network of spaza shops across South Africa, adding 170,000 cash pay-in points where customers can now pay for their Mukuru remittance orders. The network includes Flash’s broader merchant footprint, giving Mukuru access to locations through Flash and its partner networks. These new locations are now operational, reducing the time and distance many customers currently travel to make a payment.

Previously, customers often had to travel to banks or dedicated payment outlets to pay for their Mukuru orders. Now, they can simply visit a spaza shop close to home, work or where they usually shop.

For people in townships, peri-urban and rural areas who rely on cash and have traditionally had limited access to formal pay-in points, particularly South Africa’s migrant communities, this change removes a real barrier and makes it easier to send money home. With these pay-in points inside spaza shops, Mukuru’s services become part of places people already go, meaning fewer extra trips and more timely payments.

Every additional pay-in point represents one less barrier for a customer trying to send money home

“Every additional pay-in point represents one less barrier for a customer trying to send money home,” said Erone Kyte, Commercial Manager: Cross-Border Remittances at Mukuru. “Our partnership with Flash gives us the scale to bring Mukuru’s services into the everyday spaces our customers already know and trust. It’s a meaningful step in making remittances simpler, more accessible and genuinely closer to the communities we serve.”

For Mukuru, working with Flash means reaching even more customers in underserved urban, township, and rural areas. By leveraging Flash’s established network, Mukuru can now offer cash pay-in options where they didn’t exist before. The expanded network is expected to help more people access Mukuru’s services, support growth in its South African customer base, and make cross-border payments more convenient.

Rens Rezelman, General Manager for Flash’s Merchant Division, commented, “Flash works to bridge the digital product and payments gap between businesses and consumers across the country. Launching Mukuru across our network presents another opportunity to bring a familiar brand closer to the people who need it most.”

The sector is now recognised as a R750 billion  industry. According to data tracked by Trade Intelligence, total turnover recently reached R197 billion, growing at roughly 15% annually. Research confirms that traditional trade and spaza shops are growing faster than large supermarket chains, with almost 80% of South African households shopping at these traditional trade outlets regularly. (https://apo-opa.co/4iDwZr8) Bringing Mukuru payments to these stores is a natural fit and helps shop owners draw in more customers and offer more services to their communities. Mukuru and Flash will build awareness of the new pay-in option through store, digital, and community promotions in the coming months.

This partnership is part of Mukuru’s ongoing drive to make cash pay-ins easier and improve access to remittance services for people living and working in areas with limited formal financial services. Over the past two years, the company has made similar moves to make its payment network bigger and more accessible across the region.

Mukuru customers looking to pay closer to home can easily find their nearest participating Flash pay-in point using the Mukuru app or website.

Distributed by APO Group on behalf of Mukuru.

 

 




 

Continue Reading

Trending

Exit mobile version