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Tanzanian Delegation to Showcase Latest Bid Round Opportunities at African Energy Week (AEW) 2024

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Representatives from Tanzania’s Ministry of Energy and PURA will participate at this year’s AEW event in Cape Town

CAPE TOWN, South Africa, October 23, 2024/APO Group/ — 

Tanzania’s Petroleum Upstream Regulatory Authority (PURA) recently announced its preparations for the country’s fifth licensing round. Promotion for the licensing round is set to open on March 5, 2025, with the round offering 24 exploration blocks in the country, including 15 onshore and 11 offshore blocks. A high-level delegation led by Tanzania’s Ministry of Energy will showcase available block opportunities at this year’s African Energy Week (AEW): Invest in African Energy 2024 (www.AECWeek.com) – taking place in Cape Town from November 4-8.

The delegation includes the country’s Deputy Minister of Energy Judith Salvio Kapinga; Permanent Secretary of the Ministry of Energy Felchesmi Mramba; Deputy Permanent Secretary of the Ministry of Energy (Petroleum and Gas) James Peter Mataragio; and Director General of PURA Charles Sangweni. Their participation aligns with efforts by the country to attract interest from international oil companies to participate in the fifth licensing round, representing a strategic opportunity for E&P firms to engage with one of Africa’s final oil and gas frontiers.  

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 www.AECWeek.com for more information about this exciting event.

With an estimated 57 trillion cubic feet of gas reserves – mostly discovered in fields south of the country – offshore blocks in Tanzania’s fifth licensing round will focus on fields in the Indian Ocean and Lake Tanganyika. Licensing terms for the round will include a nine-year exploration period and a 25-year development and production phase, with a potential 20-year extension. Furthermore, technical data – including seismic, gravity and bathymetric reports – will be made available to interested participants. During AEW: Invest in African Energy 2024, the delegation will share insight into the available blocks, providing an opportunity for interested investors to engage directly with the national regulator.

The upcoming licensing round is a testament to the commitment by government to connect companies to Tanzanian blocks

Tanzania’s upcoming licensing round comes at a strategic time for the country’s burgeoning oil and gas industry. In September this year, Oman-based ARA Petroleum received a 25-year development license for the Ntorya Gas discovery in Tanzania. The company anticipates first gas by 2025 once a pipeline from Ntorya to Madimba is constructed, which is expected to be completed within six months. ARA Petroleum has already begun preparatory work at the Ntorya site, including drilling of the Chikumba-1 appraisal well. Initial gas output is projected at 40-60 million standard cubic feet per day (mmscf/d), with plans to increase it to 120 mmscf/d, potentially boosting Tanzania’s gas production by 20-80%. The company is also setting up logistics for subsurface operations and expanding nearby areas for a camp and storage yard.

Meanwhile, in June, PURA selected energy data and intelligence firm TGS to manage and license Tanzania’s offshore subsurface data. The data encompasses 2D and 3D regional seismic and well data over an area of 132,000km2, essential for understanding the country’s geology and hydrocarbon potential. TGS will also undertake future acquisition of new seismic data, reprocess existing data and support Tanzania’s upcoming licensing round.

Tanzania’s offshore oil and gas potential is well-known, with major developments already underway to maximize resources. The country has set its sights on becoming a major LNG exporter, with the flagship Tanzania LNG facility – developed by Equinor, Shell and ExxonMobil – set to produce 10 million tons per annum once complete. While delays have been seen, the project remains a top priority for the government and project partners. At AEW: Invest in African Energy 2024, an update on the project is expected.

“Tanzania remains committed to securing the requisite investment to fuel offshore oil and gas projects. By engaging with international partners, the country is well-positioned to leverage its geological advantages and enhance their position in the global energy landscape through the exploitation of their vast resources. The upcoming licensing round is a testament to the commitment by government to connect companies to Tanzanian blocks,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

During AEW: Invest in African Energy 2024, the Tanzanian delegation will engage in high-level panel discussions and exclusive networking sessions, highlighting lucrative prospects in the country’s energy industry.

Distributed by APO Group on behalf of African Energy Week (AEW).

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

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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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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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