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Technip Energies, COS Petrogaz Partnership is a Step Towards Domestic Gas Market Growth in Senegal

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Technip Energies

Technip Energies has partnered with COS Petrogaz to accelerate gas development in Senegal, a move that is welcomed by the African Energy Chamber

JOHANNESBURG, South Africa, May 25, 2022/APO Group/ — 

Engineering services and technologies company, Technip Energies, has signed a Memorandum of Understanding (MoU) with COS Petrogaz – the agency tasked with the definition, supervision, evaluation and control of implementation of state policy in oil and gas projects in Senegal. The MoU will see the two organizations collaborating in the fields of Liquefied Natural Gas (LNG), carbon free energy solutions and decarbonization as both Technip and COS Petrogaz move to accelerate gas development in Senegal within an energy transition energy landscape.

As per the terms of the MoU, the Technip and COS Petrogaz teams will work together towards improving knowledge and technology transfer related to water, oil and gas treatment process engineering; different types of onshore platforms and installations; and offshore gas field development concepts, with Technip tasked with conducting studies set out by COS Petrogaz’ overall gas development strategy. Additionally, the partnership aims to investigate the energy transition, with workshops and skills transfer initiatives broadening knowledge and skills regarding energy transition-related concepts. As the MSGBC region gradually positions itself as a globally competitive gas economy, the MoU will be instrumental in accelerating the adoption and monetization of gas.

Representing the voice of the African energy sector, the African Energy Chamber (AEC) welcomes the MoU, viewing the agreement and partnership as a critical step towards improving gas monetization and domestic utilization. While projects such as the $4.6 billion Greater Tortue Ahmeyim (GTA) project – the deepest offshore development in Africa, set to unlock up to 15 trillion cubic feet of gas reserves – and 100,000 barrel per day Sangomar oil project are set to transform the regional energy landscape, the MoU goes one step further to apply local content and capacity building to ensure domestic market growth and beneficiation.

Through the MoU, Technip and COS Petrogaz have placed the development of the local workforce and market at the center of the country’s gas expansion

The MoU centers on the need to scale up the domestic workforce through skills and technology transfer, recognizing the role local content plays in driving socioeconomic growth in Africa. While large-scale project developments in Senegal significantly improve energy security, the MoU ensures such developments translate into tangible benefits for the local population, a key step towards making energy poverty history by 2030. Currently, Technip is in charge of upgrading the SAR-owned Mbao refinery and has recently been awarded the engineering, procurement, construction, installation and commissioning contract for the GTA floating production storage and offloading unit. Now, with the MoU, Technip will be strengthening its presence in Senegal while taking on a leading role regarding local content within the natural gas sector. 

“We are very pleased to collaborate with COS Petrogaz in order to support Senegal in its gas development projects and in its objective of achieving a fair and equitable energy transition,” stated Marco Villa, COO, Technip Energies in a press release issued by the company, adding that, “This new collaboration illustrates our firm commitment to be at Senegal’s side in the implementation of its global energy and industrial development strategy.”

Well on its way to become a major player in the global gas space, led by institutions such as COS Petrogaz, Senegal has placed the development of the domestic gas market as a top priority. The country is set to witness unprecedented economic growth on the back of gas and by ensuring the right policies are in place, MoU’s are established, and stakeholders are engaged, COS Petrogaz is leading the sector into a new era of energy security, domestic market improvement and socioeconomic upliftment.

“The MoU signed between Technip Energies and COS Petrogaz will not only be critical for Senegal’s energy industry but can serve as a blueprint for other companies and state institutions from across the African energy sector. Senegal is making considerable progress to advance its natural gas industry with the development of large-scale projects, but it is the country’s local content drive that significant advancements will be seen and should be commended. Through the MoU, Technip and COS Petrogaz have placed the development of the local workforce and market at the center of the country’s gas expansion, while at the same time improving gas monetization in a bid to kickstart socioeconomic growth,” states NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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