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The African Energy Chamber Backs Congo Move to choose Symbion Power to Develop Biogas-to-Power in Congo

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African Energy Chamber

U.S.-based Symbion Power has been awarded the Makelele biogas block on Lake Kivu in the DRC, a move recognized as a step in the right direction for the country’s power sector

JOHANNESBURG, South Africa, January 16, 2023/APO Group/ — 

The Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC), under the leadership of H.E. Didier Budimbu Ntubuanga, has selected U.S. power engineering and construction firm, Symbion Power, as the winner of a tender for the development of the Makelele biogas project in Lake Kivu in the eastern part of the country. The project will include over $300 million in investment for the development of a 60 MW gas-to-electricity system to connect consumers in Goma and the North and South of Kivu provinces via existing trading hubs.

The African Energy Chamber (AEC), as the voice of the African energy sector, congratulates and strongly supports the DRC and H.E Didier Budimbu Ntubuanga for the milestone achieved, recognizing this development as a critical step to unlocking a new era of energy resilience and industry growth on the back of biogas development and exploitation.

This project represents just the start of the DRC’s gas journey and we are looking forward to a suite of new opportunities to be launched as a result

With the DRC targeting to increase energy access from current levels of 10% to approximately 32% by 2030, the Makelele biogas project will play a crucial role in helping the country realize its electrification goals. With Lake Kivu’s biogas potential relatively high – estimated at approximately 700 MW of electricity over a period of 50 years – the Makelele biogas initiative will help strengthen the DRC’s energy sector by opening up new opportunities for power generation and sustainable development for decades to come.

“At the AEC, we believe that gas is the future for Africa. Representing both a clean and widely available energy resources, gas will be key for unlocking new opportunities across the power generation, industrialization and broader economic space. This project represents just the start of the DRC’s gas journey and we are looking forward to a suite of new opportunities to be launched as a result,” states NJ Ayuk, Executive Chairman of the AEC.

With the DRC seeking to attract international energy companies, drive investment and private sector participation to maximize energy production, the Makelele biogas development is a step in the right direction regarding DRC-global partnerships, and is set to capitalize on the country’s largely untapped energy potential while serving as a blueprint for the DRC’s biogas industry. On the local content front, H.E. Minister Didier Budimbu Ntubuanga is prioritizing capacity development to ensure local companies and economies benefit from energy sector growth, with the Makelele biogas initiative advancing the country’s workforce development and capacity building further by creating new opportunities for employment as well as the expansion of related industries such as manufacturing and construction.

What’s more, with the southern and central African regions continuing to struggle with chronic electricity shortages and high prices, Symbion Power’s proposal to develop a regional transmission line to trade electricity from the Makelele biogas project across the region represents good news for African countries. In this regard, the AEC commends Symbion and the DRC government, recognizing the role this project is set to play in opening up Africa’s wider power market as nations move to make energy poverty history by 2030.

“The DRC is seeking to boost energy market stability to address access and affordability issues while supporting economic growth. The Chamber believes that gas holds the ticket for the country to achieve energy security. We commend H.E Didier Budimbu Ntubuanga’s move to drive biogas industry development to meet both the country and region’s energy demand growth,” concluded Ayuk.

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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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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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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