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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 Energy Week to Host Houston Industry Showcase, Unlocking United States (U.S.) Commercial Engagement Ahead of October Summit

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Ahead of Venezuela Energy Week 2026, U.S. exploration companies, independent operators, oilfield service providers and investors are invited to explore commercial opportunities across Venezuela’s upstream sector at the Houston Industry Showcase next month

HOUSTON, United States of America, July 23, 2026/APO Group/ –Venezuela Energy Week will host an Industry Showcase in Houston on August 18, 2026: a targeted industry roadshow designed to engage U.S. energy stakeholders ahead of the October summit. Held at The Post Oak Hotel, the showcase will convene senior representatives from across the U.S. upstream ecosystem – including exploration and production companies, Texas-based independents, oilfield service companies, engineering and technology firms, commercial banks, private equity firms and family offices – to assess commercial pathways for participation in Venezuela’s energy sector.

 

As Venezuela looks to expand production, U.S. companies remain well positioned to contribute technical expertise, capital and operational capabilities across the upstream value chain. Chevron’s longstanding presence in the country highlights the continued importance of U.S. industry participation, while the scale of Venezuela’s resource base continues to attract interest from major international energy companies, including ExxonMobil and ConocoPhillips. Opportunities extend across exploration, field development, production optimization, infrastructure rehabilitation and digital modernization as Venezuela seeks to strengthen its energy sector.

 

Demand is also expected to grow for oilfield service companies, engineering firms, technology providers and financial institutions that can support upstream investment and project execution. Companies including SLB, Halliburton and Baker Hughes have been identified as potential partners in advancing production optimization and infrastructure rehabilitation, while commercial banks, private equity firms and family offices will play an important role in financing future investment opportunities.

 

Against this backdrop, the Houston Industry Showcase will provide a structured engagement platform at a time when select international operators continue to operate under U.S. Treasury-authorized frameworks, and where policy considerations in the U.S. continue to shape engagement parameters in Venezuela’s energy sector.

 

The event will enable U.S. exploration companies, independent operators, oilfield service providers and investors to assess technical and commercial pathways across exploration, field services, project delivery and broader supply chain opportunities, while supporting early-stage dialogue between international investors and Venezuela-focused stakeholders in a structured commercial environment ahead of the October summit.

 

To register for the Houston Industry Showcase on August 18, visit www.venezuelaenergyweek.com/rsvp-houston. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2026 in Caracas this October, contact info@venezuelaenergyweek.com.

 

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/4fM0rLr).

 

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

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Africa Trade Gateway Delivers US$5.3-Million Cross-Border Transaction in First Energy Sector Trade in Southern Africa

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The transaction represents an important milestone for both the participating institu-tions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transac-tion in Southern Africa

HARARE, Zimbabwe, July 23, 2026/APO Group/ –A US$5.3-million cross-border fuel (gasoil) trade transaction has been successfully completed with support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) (www.Afreximbank.com) flagship digital trade ecosystem, demonstrating the value and efficacy of the Gateway in powering African trade.

The transaction, which saw Zimbabwean fuel importer Witeva Trading source a gasoil shipment from a leading commodity trader and supplier in Switzerland, with Innbucks Microbank Ltd. participating as the local issuing financial institution and Afreximbank providing confirmation support under agreed trade finance structure, demonstrates how African businesses can leverage one connected ecosystem to identify opportunities, access finance and complete international trade more efficiently.

The ATG made it possible for the commercial opportunity to be connected to the right ecosystem participants, bringing together the buyer, supplier and participating financial institutions to support a successful execution of the transaction.

The transaction represents an important milestone for both the participating institutions and the ATG ecosystem as it marked Innbucks Microbank’s first completed transaction through the platform and the ATG’s first recorded energy-sector transaction in Southern Africa.

This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem

It also demonstrates how African Businesses can use a single digital ecosystem to identify commercial opportunities, connect with verified counterparties, access trade-finance support and execute cross-border transactions more efficiently.

Peter Olowononi, Director, Regional Operations, Southern Africa, at Afreximbank, said:

“This transaction demonstrates the value of bringing African businesses and financial institutions together through one connected trade ecosystem. By creating a digital ecosystem to expand access to trade finance, Afreximbank is enabling more businesses to participate easily in regional and international trade.”

Emeka Onyia, Director, Digital Business, at Afreximbank, added:

“The Africa Trade Gateway is more than a mere digital platform; it is the ecosystem that helps trade happen. We help businesses discover opportunities, connect with trusted buyers, suppliers and financial institutions, and facilitate the journey from commercial opportunity to completed transactions. Every successful deal strengthens the network, attracts new participants and creates more opportunities for African trade.”

“As more businesses, banks and trade partners join the ecosystem, every successful transaction expands the marketplace, strengthens trust across the network and increases opportunities for future trade,” Mr. Onyia added.

Distributed by APO Group on behalf of Afreximbank.

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Gold Fields, Moore Global and Mali Chamber of Mines to Lead Gold Growth Dialogue at African Mining Week (AMW) 2026

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As record prices reshape investment priorities, industry leaders will examine the strategies, partnerships and financing needed to expand Africa’s gold production

CAPE TOWN, South Africa, July 23, 2026/APO Group/ –As African governments and mining companies accelerate efforts to expand gold production and capitalize on strong global demand, African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town, will spotlight the policies, partnerships and investments driving the continent’s next phase of growth in the gold sector.

 

The event will feature a dedicated panel, Expanding Africa’s Gold Output, exploring strategies to increase gold production, formalize artisanal and small-scale mining and strengthen investment across the value chain.

The session will be moderated by Matt Banton, Head of Mining at Moore Global, and feature Fousseni Togola, President of the Mali Chamber of Mines, and Benford Mokoatle, Executive Vice President: South Africa at Gold Fields.

The discussion comes as the global gold market continues to strengthen. Gold prices have remained above $4,000 per ounce throughout 2026, supported by sustained central bank demand as countries increase gold reserves to diversify foreign exchange holdings and strengthen financial resilience. Across Africa, central banks in Tanzania, Kenya, Ghana, Uganda, Egypt and Namibia have expanded gold purchase programs, reinforcing demand while creating new opportunities for domestic producers.

African gold-producing nations are responding by introducing reforms aimed at increasing production and improving sector governance. In Mali, the government is strengthening the artisanal and small-scale gold mining sector as part of its strategy to maintain annual gold production above 60 metric tons. In July 2026, the country established the Malian Office of Precious Substances, a new state institution responsible for regulating and formalizing artisanal gold production across approximately 400 mining sites employing nearly two million people. At the same time, Mali continues to strengthen partnerships with major mining companies, including Barrick, B2Gold, Toubani Resources and Cora Gold, to sustain long-term production growth and attract additional investment.

At AMW 2026, Togola is expected to discuss how the Mali Chamber of Mines is supporting these reforms while highlighting the investment opportunities emerging across the country’s gold sector. His participation will explore the role of chamber members in expanding production, strengthening local participation and positioning Mali among Africa’s leading gold producers.

South Africa is also advancing initiatives to revitalize its gold industry through increased exploration and long-term mine investment. Earlier this year, the government expanded the Junior Mining Exploration Fund to R600 million, improving access to exploration capital for emerging mining companies and supporting efforts to unlock new gold discoveries.

Complementing these national initiatives, Gold Fields is investing R1.714 billion through 2027 to deepen its flagship South Deep Mine, positioning the operation as a long-life production hub well beyond 2030. Gold Fields’ Mokoatle is expected to provide an update on the company’s long-term investment strategy, highlighting how innovation and sustained capital investment are supporting South Africa’s efforts to strengthen gold production.

As investment accelerates across Africa’s gold sector, AMW 2026 provides a premier platform to connect governments, producers, investors and service providers, advancing the partnerships and capital needed to unlock the continent’s next phase of gold production growth.

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

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