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The National Business Initiative (NBI) Urges SONA to Frame Water, Energy and Climate Crises as National Economic Priorities

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The rapid expansion of renewable energy is essential, and the same time the country mustensure energy reliability during the transition, including the continued role of existing generation capacity in the near term

CAPE TOWN, South Africa, February 12, 2026/APO Group/ –Ahead of the State of the Nation Address and the upcoming Africa’s Green Economy Summit (AGES), the National Business Initiative (NBI) has issued a compelling call for a decisive shift in how South Africa addresses its most pressing challenges. NBI CEO Shameela Soobramoney asserts that the nation’s parallel crises in water security, energy reliability and climate resilience constitute an interconnected “triple threat” to economic stability, urging for an immediate transition from planning to execution through a structured national “delivery compact.”

Soobramoney argues that the country must dismantle the perceived trade-off between environment and economy. “Environmental sustainability and economic progress are not mutually exclusive; they are interdependent,” she states. “The persistent narrative that green priorities hinder growth is an unnecessary diversion. Our immediate task is to create policy and strategic coherence which allows for the certainty needed to turn existing plans into bankable projects and attract investment. We need to entrench the understanding around the risks to economy and society and consider them as systemically integrated. The upcoming Africa’s Green Economy Summit is a key moment to signal our readiness to lead, not just participate.”

Water, energy and climate: The triple threat to economic foundations

The NBI positions the protection of nature, climate adaptation and mitigation as central elements of the national economic strategy. Framing these risks as merely environmental issues has pushed them to the margins of planning. “We are facing a systemic economic risk,” Soobramoney explains. “Water scarcity paralyses supply chains. Energy instability devastates productivity. Climate disasters create massive fiscal shocks. Together, they form a triple threat that increases costs, stifles growth and entrenches inequality, directly undermining our economic foundation and social contract.”

A call for a practical national “delivery compact”

Our immediate task is to create policy and strategic coherence which allows for the certainty needed to turn existing plans into bankable projects and attract investment

The solution proposed is a focused, accountable partnership model. “We have enough forums for discussion; what we need now is a national delivery compact,” Soobramoney asserts. This compact would target specific, measurable outcomes, such as achieving defined water security and energy reliability benchmarks. We have already seen some examples of how this can yield results in actions such as the business-government partnership which supported Operation Vulindlela.These should be built on three pillars: transparent, shared data and shared understanding of the challenge; clear lines of accountability; and genuine co-implementation between public and private sectors. “SONA must signal this critical shift from siloed plans to coordinated delivery. This is the single most powerful action to enhance confidence, both domestically and for the international investors gathering at AGES this month.”

A credible transition: Balancing energy security and decarbonisation

The NBI emphasises that South Africa’s transition must be credible, pragmatic and economically grounded. The rapid expansion of renewable energy is essential, and the same time the country mustensure energy reliability during the transition, including the continued role of existing generation capacity in the near term. “The transition is not about switching off the current system overnight. It is about building the new system fast enough while stabilising the one we have.”

A decisive transition pathway must acknowledge the realities of the current energy system. In the near term, responsibly managing existing generation capacity – including fossil-fuel assets – is essential to protect economic stability, while reforms accelerate the shift to a cleaner, more competitive, affordable and future-fit electricity market based on clear business cases and transparent cost understanding.

Tangible signals to unlock green investment and competitiveness

To secure South Africa’s position in the future green economy, Soobramoney identifies non-negotiable actions. These include finalising the creation of an independent national transmission company and competitive electricity market, announcing clear renewable energy generation targets and actively leveraging the country’s mineral and industrial base to build local manufacturing capacity for electric vehicles and components. “We have the strategic assets. What we require is the policy certainty, targeted incentives, and execution speed to transform them into jobs and decent earning opportunities, investment and export competitiveness. Clarity from SONA will directly shape the conversations and investment decisions at the Green Economy Summit.”

Effective service delivery is the cornerstone of justice and stability

There is a link between effective governance and national well-being. ” Failure to deliver basic services is an injustice that destroys trust and accelerates economic decline,” says Soobramoney. “Building a resilient future is not a political choice; it is an operational imperative. Our collective focus must be on building enduring partnerships and state capability to deliver tangible results for all citizens.We are at a defining moment as a country and as a globe. Setting a solid foundation for growth and the realisation of the enormous potential and our natural assets positions us to be able to respond to and in many cases, lead, in sustainable growth and development.”

Distributed by APO Group on behalf of VUKA Group.

Energy

Venezuela Global Investment Forum to Showcase Major Investment Opportunities at African Energy Week (AEW) 2026

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African Energy Chamber

The forum will strengthen investment ties between Venezuela and Africa while advancing South-South energy cooperation

CAPE TOWN, South Africa, August 7, 2026/APO Group/ –The Venezuela Global Investment Forum will take place during African Energy Week (AEW) 2026 in Cape Town from October 12 -16, bringing together senior Venezuelan government officials, national oil company leadership, international energy executives, financiers and commodity traders to showcase one of the world’s most significant energy market reopening while creating a direct pathway for global investment into Venezuela’s rapidly evolving hydrocarbons sector.

 

Organized as a flagship feature of AEW 2026, the Venezuela Global Investment Forum underscores the growing momentum behind the country’s energy sector reforms and its renewed engagement with international investors. More than a traditional conference session, the Forum will connect investors directly with bankable upstream, natural gas, infrastructure and power opportunities by showcasing Venezuelan projects alongside some of Africa’s largest energy developments in the AEW Deal Room.

Following sweeping reforms to the country’s Organic Hydrocarbons Law earlier this year, Venezuela has introduced one of its most comprehensive investment overhauls in decades. The reforms expand opportunities for private operators, establish new production participation contracts, introduce more competitive fiscal terms and strengthen international arbitration mechanisms aimed at reducing investment risk and restoring confidence among international capital providers.

Venezuela is opening a new chapter for its energy industry

“Venezuela is opening a new chapter for its energy industry. The reforms underway are creating a more competitive and attractive investment environment and the Venezuela Global Investment Forum at AEW 2026 provides the ideal platform for international investors to engage directly with decision-makers and explore the opportunities emerging across the country’s oil, gas, infrastructure and power sectors,” says NJ Ayuk, Executive Chairman, African Energy Chamber.

These reforms are already reshaping the investment landscape. The government is targeting crude production of 1.4 million barrels per day (bpd) by the end of 2026 after output recovered to approximately 1.2 million bpd during the first half of the year. Beyond oil production, Venezuela is advancing a broader strategy centered on natural gas monetization, offshore development, infrastructure rehabilitation and power sector modernization, creating opportunities across the entire energy value chain.

Throughout the Forum, delegates will hear directly from ministers, senior government officials, national oil company executives, international operators, development finance institutions, commodity traders and technical leaders responsible for implementing Venezuela’s new investment framework. Discussions will focus on expanding upstream investment, accelerating natural gas development, modernizing infrastructure and creating long-term partnerships that support Venezuela’s renewed role in global energy markets.

The forum also reinforces the strategic relationship between AEW 2026 and Venezuela Energy Week, which will take place in Caracas from February 22-25, 2027. Together, the two events form a coordinated international investment campaign that begins by introducing global investors to Venezuela’s reformed investment environment in Cape Town before continuing in Caracas, where commercial negotiations, technical engagement and project execution will move toward final investment decisions.

As global energy markets continue to prioritize supply security, infrastructure investment and new sources of production growth, Venezuela is positioning itself to re-establish its role as a major international energy supplier. Through the Venezuela Global Investment Forum at AEW 2026, investors will gain an unparalleled opportunity to engage with the country’s new investment framework, evaluate commercially attractive projects and build partnerships that support Venezuela’s return to global energy markets while strengthening cooperation between Africa and Latin America.

Distributed by APO Group on behalf of African Energy Chamber.

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Venezuela Energy Week Moves to February 2027 as Global Investment Engagement Expands

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Following investor engagement in London and Houston, Venezuela Energy Week will take place in Caracas on February 22–25, 2027, serving as a platform to accelerate investment and commercial partnerships across the country’s evolving hydrocarbons sector

CARACAS, Venezuela, August 7, 2026/APO Group/ –Venezuela Energy Week 2027 – the country’s largest-ever international energy investment summit – will now take place in Caracas from February 22–25, 2027, moving from its previously announced dates of October 26–29, 2026, following expanded engagement with international investors, energy companies and industry stakeholders exploring opportunities across Venezuela’s energy sector.

 

The February 2027 timeframe reflects growing international investor interest in Venezuela’s hydrocarbons sector, with the summit building on outreach efforts that are translating commercial momentum into investment opportunities across upstream development, infrastructure modernization, gas monetization and downstream expansion. The event is expected to serve as the venue for the signing of key commercial agreements that will help advance investment and project development across Venezuela’s energy sector. Recent hydrocarbon reforms introduced in July 2026 have further shaped this investment landscape, strengthening the framework for private-sector participation and creating greater clarity around commercial opportunities for international partners.

“The decision to bring Venezuela Energy Week to February 2027 reflects the growing interest from international investors and industry partners in Venezuela’s energy sector. This event is designed to accelerate investment, strengthen strategic partnerships and convert market interest into tangible projects that support the country’s long-term energy development,” said Paula Henao, Minister of Hydrocarbons of Venezuela.

Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, Venezuela Energy Week 2027 will bring together U.S., Venezuelan and international oil companies, investors, financiers and service providers to advance investment discussions and commercial agreements across one of the world’s largest hydrocarbon resource bases.

Since the event was first announced, Venezuela Energy Week has expanded its engagement with the international energy community. The London Industry Showcase, held in July 2026, strengthened investor engagement around opportunities in Venezuela’s energy sector, while the upcoming Houston Industry Showcase continues to build commercial interest among U.S. energy companies, service providers and technical partners ahead of the February summit.

The decision to bring Venezuela Energy Week to February 2027 reflects the growing interest from international investors and industry partners in Venezuela’s energy sector

Venezuela holds more than 300 billion barrels of proven oil reserves – the largest globally – alongside more than 195 trillion cubic feet of natural gas resources. With production now recovering to 1.2 million barrels per day, the country is pursuing a long-term strategy to further restore output through phased investment, field rehabilitation and increased private-sector participation.

The investment opportunity is supported by significant brownfield potential across Venezuela’s major producing regions, including the Orinoco Oil Belt, Maracaibo Basin and Eastern Venezuela Basin. Opportunities span mature field redevelopment, enhanced recovery programs, drilling campaigns, heavy crude upgrading and infrastructure modernization.

Beyond upstream development, Venezuela Energy Week 2027 will highlight opportunities across refining, logistics, storage and gas infrastructure. Underutilized refining capacity, constrained midstream systems and significant natural gas resources create potential entry points for companies seeking to support the modernization of Venezuela’s energy value chain. Offshore developments such as the Dragon and Cocuina-Manakin fields represent potential growth areas for regional gas supply and future LNG opportunities, while expanded gas capture, processing and transportation infrastructure will be critical to maximizing the value of Venezuela’s resources.

As global energy markets continue to prioritize supply security and access to large-scale resources, Venezuela Energy Week 2027 is positioned to serve as a catalyst for investment, bringing together government leaders, investors and industry executives to convert commercial interest into long-term energy projects.

The summit is organized by Energy Capital & Power.

Supporting Venezuela’s Earthquake Recovery

Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hE4ACL).

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

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African Energy Week (AEW) 2026 reúne líderes do setor energético que impulsionam reformas em Barbados, Angola e Marrocos

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African Energy Chamber

Líderes do setor energético de Barbados, Angola e Marrocos participarão na AEW 2026 para debater reformas, oportunidades de investimento e estratégias que moldam o futuro crescimento do setor energético

CIDADE DO CABO, África do Sul, 13 de agosto 2026/APO Group/ –Três altos responsáveis governamentais e reguladores que estão a moldar o futuro dos setores energéticos de Barbados, Angola e Marrocos irão intervir na African Energy Week (AEW) 2026, que decorrerá na Cidade do Cabo, de 12 a 16 de outubro. A sua participação surge num momento em que cada um destes mercados está a avançar com reformas importantes destinadas a atrair investimento, expandir as infraestruturas energéticas e reforçar a segurança energética a longo prazo.

 

Reunindo ministros, entidades reguladoras, empresas petrolíferas nacionais e investidores globais, a AEW 2026 constitui a principal plataforma do continente para a definição de políticas energéticas e parcerias comerciais. Os debates abrangerão as áreas de upstream, licenciamento, estratégias de transição energética, desenvolvimento de infraestruturas e integração regional, com os líderes governamentais a desempenharem um papel central na definição do panorama de investimento nos mercados africanos e internacionais.

Kerrie D. Symmonds, Ministro da Energia, Desenvolvimento Empresarial e Comércio de Barbados e Ministro Sénior Coordenador do Setor Produtivo, participa na conferência num momento em que a nação caribenha prossegue uma estratégia energética de dupla vertente. Após a sua nomeação em fevereiro deste ano, Symmonds tem supervisionado políticas que apoiam a meta de Barbados de atingir 100% de eletricidade renovável até 2030, ao mesmo tempo que abre o setor offshore do país a novas explorações.

O investimento na energia assenta em instituições sólidas, políticas claras e quadros de investimento competitivos

Em junho, o governo lançou negociações diretas para 19 blocos em águas ultraprofundas, cobrindo mais de 62 000 km², criando oportunidades para exploradores internacionais a par do investimento contínuo no armazenamento em baterias e na modernização da rede elétrica. Na AEW 2026, a participação da Ministra Symmonds deverá destacar a estratégia de Barbados para alinhar a segurança energética com o crescimento económico e o investimento privado.

Posicionado para oferecer uma visão sobre um dos maiores programas de investimento a montante de África, Alcides Andrade, membro do Conselho Executivo da Agência Nacional de Petróleo, Gás e Biocombustíveis de Angola (ANPG), junta-se à AEW 2026 num momento em que a organização implementa uma estratégia de 60 mil milhões de dólares até 2030. A ANPG está também a apoiar grandes projetos, incluindo Agogo, Begonia, a Fase 3 do CLOV e os projetos de gás de Quiluma e Mabowueiro.

À medida que Angola trabalha para estabilizar a produção de petróleo e expandir a capacidade de refinação interna, Andrade estará em posição de debater as reformas regulatórias e as oportunidades de investimento que impulsionam a próxima fase de crescimento do país.

Entretanto, Salwa Didi, Diretora da Divisão de Avaliação Offshore do Gabinete Nacional de Hidrocarbonetos e Minas (ONHYM) de Marrocos, junta-se à AEW 2026 num momento em que a agência empreende a maior reforma institucional da sua história. A transformação do ONHYM numa sociedade anónima apoiada pelo Estado confere-lhe maior flexibilidade para angariar capital, criar filiais e atrair parceiros estratégicos. A reforma coincide com os progressos no Projeto de Gás de Tendrara, com os renovados esforços de exploração offshore e com o avanço contínuo do Gasoduto Nigéria-Marrocos, reforçando a ambição de Marrocos de se tornar um centro energético regional que ligue os recursos de gás africanos aos mercados europeus.

«O investimento na energia assenta em instituições sólidas, políticas claras e quadros de investimento competitivos», afirma NJ Ayuk, presidente executivo da Câmara Africana de Energia. «Barbados, Angola e Marrocos estão a demonstrar diferentes abordagens para libertar o seu potencial energético, e a AEW 2026 proporciona uma plataforma importante para que estes líderes interajam diretamente com investidores e com a indústria.»

A participação dos ministros Symmonds, Andrade e Didi reforça o papel da AEW 2026 como a principal plataforma do continente para o diálogo entre governos e o setor privado. Realizado ao longo de cinco dias no Centro Internacional de Conferências da Cidade do Cabo, o evento reúne decisores políticos com os investidores e promotores que impulsionam a próxima geração de projetos energéticos em África.

Distribuído pelo Grupo APO para African Energy Chamber.

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