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The African Energy Chamber (AEC) Geneva Investor Event Highlights Africa’s Expanding Role in Global Energy Trade

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The African Energy Chamber

At the African Energy Chamber’s investor breakfast in Geneva on Friday, industry leaders discussed Africa’s evolving energy landscape, from Nigeria’s refinery expansions to South Africa’s fuel supply shifts to the growing role of traders in upstream financing

CAPE TOWN, South Africa, February 24, 2025/APO Group/ –The African Energy Chamber (AEC) (https://EnergyChamber.org/) – the voice of the African energy sector – hosted its Invest in African Energies investor breakfast in Geneva on Friday. The event attracted a significant number of European investors, financiers and commodity traders, underscoring Geneva’s pivotal role as a global hub for commodity trading.

The event kicked off with technical presentations by industry experts from S&P Global Commodity Insights, focusing on commodity trading, downstream activities and crude oil trading in West Africa. With crude lifts from the Dangote refinery ramping up in 2025, Nigeria is set to become a net exporter of gasoline for the first time. Meanwhile, a wave of refinery rationalizations is on the global horizon, particularly in North America and Europe, with over 3 million barrels per day of refining capacity expected to shut down by 2030.

“In this context, Africa is becoming a very interesting market and a battleground for different regions targeting it as an export market,” said Tanya Stepanova, Associate Director, Commodity Insights at S&P Global, adding that several Middle Eastern NOCs are acquiring retail and refining assets – seeking to solidify or establish their presence on the continent.

The ramp-up of the Dangote refinery has reduced Nigeria’s reliance on European imports, while also supplying jet fuel to Saudi Aramco and naphtha to Asian markets and the Lomé hub off Togo’s coast, according to Matthew Tracey-Cook, Senior Price Reporter at S&P Global. Nigeria is also witnessing several other refinery developments, including the approval of a new 10,000-barrel-per-day refinery in Delta State, the resumption of operations at the Warri refinery, the planned restart of the Port Harcourt refinery and ongoing discussions to build a private refinery.

Turning to South Africa – sub-Saharan Africa’s largest and most mature market – product growth has been slower. With refineries closing, the country faces critical decisions about the future of its fuel supply, balancing trader dominance with potential Middle Eastern influence, as middle eastern NOCs are reportedly considering the acquisition of Shell South Africa’s downstream assets.

“In the long term, South Africa has ambitions to revive its refining industry. For South Africa, it’s not just a matter of refining economics — there is a strong agenda for security of supply,” said Stepanova. “The question becomes: will it become a trader-dominated market, or will we see Middle Eastern influence? This is one of the issues to watch in 2025.”

Africa is becoming a very interesting market and a battleground for different regions targeting it as an export market

Regarding Africa’s LNG prospects, the continent faces a competitive landscape as new LNG supplies from the U.S. target European markets. Emerging markets like Mozambique could see ExxonMobil reach a Final Investment Decision (FID) on its Rovuma LNG project by 2026, while anticipated developments in TotalEnergies’ Mozambique LNG project reflect upwards of $10 billion in investments.

“For LNG, the demand is certainly there, but these projects need long-term commitments, particularly from offtakers, to happen. When we look at Mozambique, ExxonMobil just said that it’s a key part of their global portfolio and they are looking at FID in 2026,” said Verner Ayukegba, Senior Vice President, AEC, adding, “The only way to drive development in Africa is through trade and investment.”

Regarding financing upstream investments, the event highlighted a recent easing of banking sector constraints following the exit of many international banks from fossil fuel financing. However, new upstream exploration continues to attract primarily major players with substantial balance sheets, though traders are playing an increasingly significant role.

“When it comes to infill drilling, sometimes the traders come in and are able to finance off the back of an existing resource base. Traders have become bigger financial players, especially when you are looking to keep production at the same level. This is what we see likely to happen in the next two to four years,” said Ayukegba.

The investor breakfast serves as a precursor to the upcoming African Energy Week (AEW): Invest in African Energies conference, scheduled from September 29 to October 3 in Cape Town, South Africa. AEW 2025 aims to position Africa as a global energy champion, focusing on strategic investments and transformative deals to shape the continent’s energy future. Building on the success of previous editions, AEW continues to be the premier platform for deal-making, energy partnerships, and capital investment in Africa’s energy sector.

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.

Distributed by APO Group on behalf of African Energy Chamber.

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Unstoppable Africa 2026 to bring African and global Chief Executive Officers (CEOs) and leaders to New York to drive investment, ownership and growth across the continent

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The program will focus on how Africa can capture more value from its critical minerals, strengthen infrastructure and trade, mobilise capital at scale and build more integrated and competitive markets

NEW YORK, United States of America, September 2, 2026/APO Group/ –More than 2,000 African and global business leaders plus heads of state will gather in New York on September 20–21 for Unstoppable Africa, flagship event of the Global Africa Business Initiative (GABI) (https://www.GABI.biz/).
 




 

Convened by UN Secretary-General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission, and organized and coordinated by the UN Global Compact, the fifth edition of Unstoppable Africa will convene under the theme “Powering Business, Scaling Economies, Shaping the Future”.

Held on the sidelines of the opening of the 81st session of the United Nations General Assembly, Unstoppable Africa will feature leading  investors, policymakers, creatives, sports executives and decision-makers working to accelerate Africa’s business, trade and investment and amplify its role in shaping global markets.

Sanda Ojiambo, Assistant Secretary-General and CEO of the United Nations Global Compact, said: “This year, we are sharpening the focus on mobilising capital, forging partnerships, building businesses and turning Africa’s assets and opportunities into investable, scalable outcomes. The ambition is not simply to shape how the world sees Africa, but to shape where global capital flows, where value is created and how Africa can capture it.”

The ambition is not simply to shape how the world sees Africa, but to shape where global capital flows, where value is created and how Africa can capture it

The high-level convening comes at a time of global supply chains being redrawn by geopolitical tension, energy insecurity and shifting trade rules. For the African continent, these pressures  create an opportunity to leverage its critical minerals, renewable energy potential, expanding consumer markets and young workforce to attract long-term capital and capture more value from global shifts.

Unstoppable Africa 2026 will look at how the continent can turn these shifts into lasting economic opportunity.  The program will focus on how Africa can capture more value from its critical minerals, strengthen infrastructure and trade, mobilise capital at scale and build more integrated and competitive markets. Discussions will also explore Africa’s energy transition, the development and ownership of AI and digital infrastructure, the financing and global distribution of African creative industries, and how sport can become a stronger engine for investment, talent development and economic growth.

Other confirmed speakers include:

  • H.E. Julius Maada Bio, President, Republic of Sierra Leone
  • H.E. Duma Gideon Boko, President, Republic of Botswana
  • H.E. Paula Ingabire, Minister of ICT and Innovation, Rwanda
  • Samaila Zubairu, President and CEO, African Finance Corporation
  • Nolitha Fakude, Chairperson, Anglo American South Africa
  • Tidjane Thiam, General Partner, Allied Critical Minerals Fund
  • Phuthi Mahanyele-Dabengwa, CEO and Executive Director, Naspers
  • Olugbenga Agboola, CEO, Flutterwave
  • Cameron Bailey, CEO, Toronto International Film Festival
  • Wanuri Kahiu, filmmaker
  • Akunna Cook, Founder and CEO, Next Narrative Africa Fund
  • Luol Deng, former NBA All-Star and President, South Sudan Basketball Federation
  • Clare Akamanzi, CEO, NBA Africa
  • Amina J. Mohammed, Deputy Secretary-General, United Nations
  • Massad Boulos, Senior Advisor to the President of the United States on Arab and African Affairs
  • Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All

The five themes of GABI and Unstoppable Africa, namely Energy, Digital Transformation, Trade, Creative Industries, and Sport, will be supported by high-level plenaries, CEO and investor roundtables, ministerial dialogues, startup showcases, and GABI Solutions Labs. The 2026 edition will create opportunities to spark transactions, develop investment vehicles, and form cross-border alliances and partnerships. Full implementation of the African Continental Free Trade Area could create a $3.4 trillion market, according to UNCTAD’s 2024 Economic Development in Africa Report, highlighting the scale of the opportunity as regional integration deepens.

Once again, the event will be hosted by Folly Bah Thibault, Senior News Anchor at Al Jazeera Media Network, and Larry Madowo, International Correspondent at CNN, and will spotlight more than 500 nominees in the Unstoppable Africans campaign.

Media partners to date include African Business/New African; African Renewal; Afrique Media; AllAfrica; Arise News; Business Digest Magazine; Citizen TV; EIB Network; Envoy Magazine; The Kenyan Wall Street; News Central TV; SDG News; The Africa Report; The Nation Media Group; TIME Africa.

Unstoppable Africa 2026 will take place at the New York Marriott Marquis, Times Square, 1535 Broadway, New York City. Accredited media and other eligible communication professionals can register at https://apo-opa.co/4xvM3xh.

Distributed by APO Group on behalf of Global Africa Business Initiative.

 

 




 

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New DHL-Absa Partnership Opens Global Trade Opportunities for African Small and Medium-Sized Enterprises (SME)

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DHL

By combining DHL’s logistics expertise with Absa Group’s extensive banking, digital and financial capabilities, the partnership will equip SMEs with practical tools, training and access to services that support cross-border trade, e-commerce growth and sustainable business development

JOHANNESBURG, South Africa, September 2, 2026/APO Group/ –DHL and Absa Group have officially signed a Memorandum of Understanding (MOU) to expand DHL’s GoTrade programme across Sub-Saharan Africa (SSA), formalising a strategic partnership that paves the way for the rollout of the DHL GoTrade programme across key markets in SSA.
 




 

By combining DHL’s logistics expertise with Absa Group’s extensive banking, digital and financial capabilities, the partnership will equip SMEs with practical tools, training and access to services that support cross-border trade, e-commerce growth and sustainable business development.

Deputy Minister of Trade, Industry and Competition Zuko Godlimpi said the partnership will help SMMEs address the critical constraints to regional growth.

“This partnership brings together the finance, logistics, market knowledge and public support that SMMEs need to trade beyond our borders. By building the capacity of South African enterprises to enter African markets, we are not only growing individual businesses – we are strengthening intra-African trade, creating jobs and using the African market to power South Africa’s economic growth.”
the Deputy Minister said.

Every successful business starts with someone brave enough to dream bigger

The agreement was signed by Hennie Heymans, CEO of DHL Express Sub-Saharan Africa, and Faisal Mkhize, Managing Executive for Business Development, Business Banking Pan-Africa at Absa Group.

“Every successful business starts with someone brave enough to dream bigger. Across Africa, there are thousands of entrepreneurs with incredible ideas, determination and ambition, but many still face stumbling blocks when it comes to trading globally.” said Hennie Heymans.

“By partnering with Absa Group, we are creating a powerful ecosystem that combines logistics excellence with financial expertise, ensuring that SMEs across the continent to grow sustainably. To be clear, this is really about helping African SMEs turn big ambitions into real opportunities. Whether it’s understanding how to export for the first time, finding the right financial support, reaching new customers online, or expanding into international markets,” he added.

Approximately 1,600 SMEs have been trained in Uganda, one of the earliest markets to implement the programme, with more entrepreneurs also benefitting from Kenya, Botswana and Zambia. Mozambique and Tanzania are next in line for rollout.

“SMEs are at the heart of Africa’s economic future. They create jobs and strengthen communities.  Our partnership with DHL Express is about giving business owners practical support, and access to trade solutions that can help them move beyond their local markets and realise their growth ambitions,” said Absa Group’s Mkhize.

As the SME sector across SSA continues to play a critical role in driving economic growth, innovation and job creation, the partnership between DHL and Absa Group is a commitment to helping entrepreneurs overcome barriers to trade and unlock new opportunities beyond their borders. Together, the two organisations aim to equip more businesses with the knowledge, networks and support they need to grow sustainably, compete globally and contribute to Africa’s economic growth.

Distributed by APO Group on behalf of DHL Express SSA.

 

 




 

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TotalEnergies, ExxonMobil to Open Procurement Doors for Angolan Companies at Angola Oil & Gas (AOG) 2026

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Etu Energias

Two of Angola’s largest operators will host dedicated procurement workshops on September 8, giving Angolan companies direct insight into supplier requirements and contracting opportunities across major upstream projects

LUANDA, Angola, September 2, 2026/APO Group/ –Energy majors TotalEnergies and ExxonMobil will host dedicated procurement workshops during the pre-conference program of Angola Oil & Gas (AOG) 2026 on September 8, connecting Angolan companies directly with two of the country’s biggest international operators.
 




 

Led by Patricia Campos, Head of Procurement and Contracts Division at TotalEnergies, and Adão Costa, Procurement Manager at ExxonMobil, the respective sessions will offer practical insight into how local companies can position themselves to secure contracts across Angola’s expanding upstream industry. Taking place ahead of the main conference – scheduled for September 9-10 -, the workshops strengthen AOG 2026’s role as a platform for translating investment into tangible opportunities for Angolan businesses.

TotalEnergies’ workshop comes as the operator advances a multi-billion-dollar offshore portfolio. The company is developing the Kaminho project in Block 20/11 alongside Sonangol and Petronas – the first large-scale deepwater development in the Kwanza Basin. Sanctioned in 2024, Kaminho will feature a zero-flaring FPSO with capacity of 70,000 barrels per day, with first oil targeted for 2028.

The company has also extended licenses for strategic producing assets, including Block 32, creating a framework for further development across six discoveries surrounding the Kaombo Norte and Kaombo Sul FPSOs. Through its role in the New Gas Consortium (NGC), TotalEnergies is at the forefront of Angola’s non-associated gas development. The NGC achieved first gas production from the Quiluma field in 2026, paving the way for a diversified energy mix in Angola. Campos’ workshop will provide a direct interface between those suppliers and the procurement processes governing TotalEnergies’ activities.

Meanwhile, ExxonMobil is pursuing a dual-track strategy combining redevelopment of mature producing assets with frontier exploration. In April 2026, the company awarded an EPCI contract to Subsea7 for its Likembe Redevelopment 2.0 Project, which will connect additional reservoirs to existing Block 15 facilities through subsea tiebacks. ExxonMobil and its partners have also moved to extend production from the Mondo and Saxi-Batuque fields following the extension of Block 15’s production license through 2037.

Beyond Block 15, ExxonMobil is expanding its exploration footprint. The company partnered with TotalEnergies and Angola’s National Agency for Petroleum, Gas and Biofuels to secure exploration rights across multiple blocks in the frontier Benguela and Namibe Basins, while subsurface evaluation continues across additional offshore acreage. Costa’s workshop will share insight into how Angolan companies can position themselves at the forefront of these developments.

By placing procurement managers directly in front of Angolan businesses, AOG 2026 will give domestic suppliers greater clarity on what major operators need, how procurement decisions are made and where opportunities are emerging. As billions of dollars move into Angola’s upstream sector, the September 8 sessions will help ensure more Angolan companies are equipped to move with them.

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

 




 

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