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The United States (US) Senator Ted Cruz to Discuss Strategic U.S.-Africa Energy Engagement at African Energy Week

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African Energy Week

The Texas Senator’s participation at African Energy Week 2025: Invest in African Energies signals U.S. focus on energy diplomacy and investment across Africa’s oil and gas frontiers

CAPE TOWN, South Africa, August 7, 2025/APO Group/ –African Energy Week (AEW): Invest in African Energies, the continent’s premier energy event, is set to welcome U.S. Senator Ted Cruz as a featured speaker at its 2025 edition. Senator Cruz, a senior member of the U.S. Senate Commerce and Foreign Relations Committees and one of Washington’s most prominent energy voices, will address delegates in Cape Town, highlighting the strategic value of deeper U.S. commercial and diplomatic engagement in African energy markets.

At a time when global powers are racing to secure energy and critical mineral supply chains, Senator Cruz’s participation underscores a broader push by the U.S. to reinforce ties with African energy producers, particularly as the continent emerges as a pivotal source of hydrocarbons, LNG and transition minerals. From Nigeria to Namibia, American companies are ramping up activity, yet competition from China, Russia and others has intensified, prompting renewed attention from U.S. lawmakers and policy leaders.

On the exploration and production front, U.S.-based companies to the likes of ExxonMobil, Chevron, ConocoPhillips and Vaalco Energy are driving transformational projects in Africa. ExxonMobil is maximizing output at producing fields across the continent, through projects such as the Erha and Owowo fields in Nigeria and the Kizomba deepwater development in Angola’s Block 15. On the gas front, ExxonMobil is leading projects such as the Rovuma LNG development in Mozambique, targeting 18 million tons per annum. The company plans to reach a final investment decision in 2026. Meanwhile Chevron is driving exploration in West and Southern Africa through projects in Nigeria’s Niger Delta, Equatorial Guinea’s offshore Blocks EG-06 and EG-11 and Namibia’s Walvis Basin. The company has also expanded gas production capacity in Angola through the Sanha Lean Gas Connection Project and the upcoming New Gas Consortium project.

Houston-based ConocoPhillips strives to reach between 600,000 barrels per day (bpd) and 700,000 bpd at the Waha concession in the Sirte Basin. The company is prioritizing collaborations, work-over programs and pipeline integrity at the concession, which currently produces 375,000 bpd. Another Houston-based player, Vaalco Energy, is modernizing FPSO infrastructure in Africa to support production growth. The company is active in Ivory Coast and Gabon, where it plans a drilling campaign in 2026 and 2025 respectively. In Egypt, Vaalco Energy brought five wells online in 2025, while in Equatorial Guinea, is targeting first oil at Block P in 2026.

We at the AEC strongly believe that markets – rather than pseudo-intellectuals – should drive the future and foster innovative growth and development

U.S.-based service providers are also strengthening their presence across the African market. Baker Hughes’s African footprint includes markets such as Nigeria and Namibia, where it offers world-class oilfield services and skills development programs. NOV is involved in strategic initiatives across the African energy value chain, from offshore exploration and production to processing and logistics. Focusing on digitalization and efficiency, Halliburton supports a variety of African energy projects. The company brings advanced technology solutions to enhance production efficiency and optimize resource extraction.

Stepping into this picture, Senator Cruz’s participation at AEW: Invest in African Energies is expected to further strengthened U.S.-Africa energy ties. Known for his strong advocacy of energy independence and market-driven growth, Senator Cruz’s message at the event is expected to center on expanding private-sector investment, supporting American energy companies operating in Africa, and bolstering energy infrastructure that aligns with both African development goals and U.S. strategic interests. His appearance follows recent signals from Washington – including a bipartisan call for deeper energy cooperation with Africa – as the U.S. seeks to reclaim ground in a region critical to global energy security.

“Being a Senator from Texas, Senator Cruz not only understands what oil and gas means to the economy of Texas but also for the transformation of Africa. Senator Cruz speaking to energy industry and African leaders sends a loud message: the U.S. is not sitting out the future of African energy. He understands the stakes – from gas deals in to infrastructure buildouts– and his presence proves America is serious about competing, investing and showing up where it matters,” states NJ Ayuk, Executive Chairman of the African Energy Chamber, adding that Senator Cruz recognizes that the key to African countries’ economic prosperity lies in embracing free markets, minimizing government intervention, promoting individual responsibility and upholding the rule of law.

“We at the AEC strongly believe that markets – rather than pseudo-intellectuals – should drive the future and foster innovative growth and development,” he notes.

His participation comes as African nations are seeking to scale production, expand infrastructure and attract capital to meet growing domestic and global energy demands. The U.S., with its technological expertise and investment capital, is poised to play a pivotal role in supporting Africa’s ambitions, from deepwater exploration to gas-to-power projects and beyond. With major discoveries across oil, gas and hydrogen, and a wave of African governments prioritizing energy security and local beneficiation, the continent is ripe for strategic partnerships built on mutual interest and long-term impact.

As AEW: Invest in African Energies 2025 approaches, Senator Cruz’s participation is expected to galvanize support for deeper U.S. involvement in African energy markets and sends a clear signal to American companies: Africa is open for business, and the U.S. intends to compete. His presence is also likely to draw increased attention from private investors, service providers and project developers seeking access to emerging upstream and infrastructure opportunities across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Events

Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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