Connect with us

Business

The Way of a Legend; An Italian Champion of African Energy: Eni Chief Executive Officer (CEO) Claudio Descalzi (By NJ Ayuk)

Published

on

Energy

As a longtime promoter of African energy potential, Descalzi has overseen major hydrocarbon projects in countries from Congo to Libya to Nigeria — both oil and natural gas

JOHANNESBURG, South Africa, September 23, 2025/APO Group/ —By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org/).

Eni CEO Claudio Descalzi has never stopped making Africa his and Eni’s first choice for investment.

I know Mr. Descalzi as a shrewd negotiator, a disciplined CEO, and a strong advocate of natural gas development on our continent. As he champions African energy independence and sovereignty, natural gas has been and remains key to his work in Africa.

Even during difficult times, he has persisted in furthering his company’s investments in Africa, as he did following the Russian invasion of Ukraine. At that critical time, he encouraged the EU to consider imports from Africa to replace Russian petroleum, including the 20 billion cubic meters (bcm) of Russian gas Italy was importing annually.

As a longtime promoter of African energy potential, Descalzi has overseen major hydrocarbon projects in countries from Congo to Libya to Nigeria — both oil and natural gas. Under his leadership, Eni has launched some of the continent’s fastest-moving liquefied natural gas (LNG) projects while prioritizing low carbon output.

Along with the business side of his role, the CEO has encouraged the company’s country managers and executives to take on many social responsibility efforts in Africa.

On a more personal note, when you talk to many African President’s, Ministers and business leaders, he is always a source of wise counsel — something I see as the mark of a true legend. He is always willing to work with others and share his experiences and knowledge about doing business in other markets.

The Man and the Company

A native of Milan and a 1979 physics graduate of the city’s namesake university, Descalzi has a deep history with Eni, having started in 1981 as a field petroleum engineer. His broad understanding of the industry and the company has been forged within many roles of increasing responsibility — in Africa, the Middle East, China, and — from 2010 to 2014 —as Chairman of Eni UK.

In May of 2014, he took on the role of CEO for Eni.

Among the founding CEOs of the 2014 Oil and Gas Climate Initiative, Descalzi is also a member of the European Round Table for Industry and co-chair of the Oil and Gas Governors Community of the World Economic Forum.

A Visiting Fellow at The University of Oxford, he has received many significant industry awards, among them the esteemed Charles F. Rand Memorial Gold Medal award from the Society of Petroleum Engineers and the American Institute of Mining Engineers.

To its great credit, Eni has been working in Africa since the 1950s to develop the continent’s resources and form partnerships that secure a supply of natural gas and advance the world’s energy transition.

Those efforts, employing a mix of traditional, renewable, and bio energy, are making progress toward the 2050 Net Zero target in 13 African countries. It’s also important to note that the company employs thousands in Africa, and that 80% of the gas it produces there goes to local markets.

Eni Activity in Africa Under Descalzi’s Leadership

Egypt, Algeria, and Libya have been cornerstones of Eni’s African presence. Eni’s history in Libya began in 1959 with the acquisition of its first concession. After a 10-year hiatus in onshore drilling in Libya, caused primarily by the country’s civil war, Descalzi made sure that Eni was one of the first companies to re-enter the country in 2024.

Eni’s activities in Algeria date back to the early 1980s, and Algeria remains one of the company’s largest suppliers of gas to Europe.

Egypt, meanwhile, gained global attention in 2015 with Eni’s Zohr discovery, one of the largest gas finds ever in the Mediterranean.

Internal demand in these countries — because of demographic growth — is increasing at about 7 to 8% every year, this means they need gas … they need investment

Eni now plans to invest close to USD9 billion each in Algeria and Egypt, as well as Libya, over the next four years. Descalzi has stated (https://apo-opa.co/46MtAlb), “Internal demand in these countries — because of demographic growth — is increasing at about 7 to 8% every year, this means they need gas … they need investment.”

In Angola, I was lucky to have been with Mr. Descalzi when his efforts alongside BP to launch the Agogo floating production, storage, and offloading (FPSO) vessel and to form the first major international oil company (IOC) joint venture in Africa, Azule Energy.  During a recent meeting with Angolan President Lourenco in Luanda, the two leaders talked about Azule’s exploration and delivery achievements. They noted that the Agogo, planned to become the first carbon-neutral FPSO in Angola, began production 10 months ahead of the original plan.

As the biggest independent equity oil and gas producer in Angola, Azule Energy holds 18 licenses, 11 of which are operating and producing a total of 210,000 barrels per day (bpd).

Congo:  In 2023, Descalzi was instrumental in launching the Congo LNG project, encompassing the installation of two floating LNG (FLNG) plants to process gas from the country’s current and future fields, helping foster European energy security, while providing sufficient gas for Africa. Tango FLNG, with a 0.6 million tons per annum (MTPA) capacity, began production in December 2023. Nguya FLNG is set to begin production (2.4 MTPA) by the end of this year, boosting the total capacity of the project to 3 MTPA.

In Côte d’Ivoire, under Descalzi’s leadership, Eni has been working since 2015, and is currently working in 10 deepwater blocks.

Eni’s Baleine field offshore project is the first net-zero upstream project in the world for Scope 1 and 2 emissions. After Eni fast-tracked the building project, it went from discovery to first oil in less than 19 months.

Baleine Phase 1 began production in 2023, and Phase 2 started producing in December 2024. Phase 2 is expected to meet local energy needs by connecting with pipeline constructed during Phase 1 and solidifying Côte d’Ivoire’s status as a producer.

Elsewhere on the continent:  In Mozambique, while many companies evacuated due to escalating violence and terror attacks in Cabo Delgado province since 2017, the CEO chose to proceed with Eni’s Coral South and Coral Norte FLNG projects, achieving a final investment decision (FID) for Coral South in 2017 and advancing Coral Norte to pre-FID stage, despite serious security concerns. In Namibia, Descalzi is looking toward more exploration. And, as a legacy producer in Nigeria, Eni, under his leadership, plans to continue working on deepwater and LNG projects, while expanding into the agri-feedstock sector as per the company’s 2023-2026 plan (https://apo-opa.co/3IakaGU).

Social Responsibility Efforts

Eni’s social responsibility initiatives include something very dear to Descalzi’s heart — facilitating clean cooking in sub-Saharan Africa.

Currently, approximately 1 billion Africans lack access to clean cooking. The African Energy Chamber is heartened to see Descalzi’s efforts on this front, including Angola’s Clean Cooking Program, begun in 2024, which already benefits over 500,000 residents in seven of the country’s provinces. He is pushing to get 2 million people in the country access to clean cooking technology very quickly.

On the employment front, Descalzi is ensuring the training and development of Africans — and that they are hired at the highest levels. He is also empowering African women by providing jobs throughout the company. Countless African women can tell stories of him giving them opportunities in the industry.

I would compare Mr. Descalzi to Patrick Pouyanné, the CEO of TotalEnergies, in his engagement with African presidents. He personally goes to each country Eni operates in, unlike most CEOs. He builds personal relationships with presidents and ministers, showing a humility that has made him one of the most favorite CEOs among the IOCs in Africa.

This was illustrated in his September 2025 meetings with Angola’s President Lourenco, where the two talked about Azule’s continuing work on the health, education, and economic diversification fronts. This work includes support for Luanda’s Cardiopulmonary Hospital Complex, business training and financial education programs, and construction and rehabilitation of 14 facilities to help educate over 17,000 children.

His style is not to stop with getting to know the well-knowns, either. He sits with young Africans and jokes with them, motivates and encourages them.

We Applaud Descalzi

It is fitting that we applaud a man who has made a global energy giant a truly African company. Eni’s expertise is evident in all it does in Africa, with its great exploration teams and the projects it completes in a timely, technically savvy way.

In his own quiet way, without international fanfare, Descalzi has worked to the benefit of Africa and Africans.

Descalzi’s care for Africa shows; although he oversees operations across Europe, Asia, the Middle East, and the Americas, he engages the most with Africa, making Africa the largest part of his work.

In short, Africa is part of his family.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Afreximbank Backs DOTT Services Limited, Uganda with a US$28 Million Facility for Regional Engineering, Procurement and Construction (EPC) Projects

Published

on

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains

CAIRO, Egypt, November 4, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has activated and approved a US$28 million dual-tranche facility for DOTT Services Limited, the leading Uganda-based engineering, procurement and construction (EPC) contractor, and has begun disbursing funds to support the execution of its EPC projects pipeline, valued at more than US$550 million.

 




 
 

Provided under Afreximbank’s EPC Contract Promotion Initiative, the facility is designed to strengthen the capacity of African EPC champions to secure and execute large-scale infrastructure projects across the continent. Specifically, the financing will support DOTT Services Limited in executing contracts and pursuing near-term opportunities valued at approximately US$550 million across Uganda, Tanzania, Kenya and the Democratic Republic of Congo.

Commenting on the transaction, Mr. Humphrey Nwugo, Director of Regional Operations at Afreximbank’s Eastern Africa office, said:

Through the initiative, the Bank provides support, including financing, twinning and matchmaking

“This facility reflects Afreximbank’s commitment to building strong African EPC champions capable of delivering the infrastructure that underpins Africa’s industrialisation, trade and economic integration. By supporting DOTT Services Ltd, a well-established regional contractor with operations across five African countries, we are addressing a critical financing gap that has historically constrained the ability of African firms to participate meaningfully in large-scale, cross-border infrastructure projects.

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains. It also advances Afreximbank’s EPC Contract Promotion Initiative, which seeks to increase African participation in the development and delivery of Africa’s infrastructure.

Through partnerships such as this, we are ensuring that greater value, expertise, employment opportunities and economic benefits are retained within Africa while fostering the emergence of globally competitive African contractors.”

Mr. Nwugo further noted that most local commercial banks lacked the capacity to support intra-African and regional projects because they were poorly placed to absorb the associated cross-border risks, while international banks tended to prioritise non-African contractors. As a result, African entities were often left without adequate financial support.

He said: “Afreximbank’s EPC Initiative was therefore designed to address this challenge by supporting African EPC contractors in securing and executing a greater share of infrastructure contracts across the continent. Through the initiative, the Bank provides support, including financing, twinning and matchmaking, as well as issuing letters of support, among others”, he explained.

DOTT Services Limited presence in Africa spans 28-years, with operations in Uganda, Tanzania, South Sudan, Zambia, and the Democratic Republic of Congo (DR Congo). It also has European offices in Italy and the UK, and a workforce of over 6,000 people. The company procures from, and distributes to, African countries goods such as bitumen, asphalt, steel and spare parts, as well as yellow goods equipment and services, making it a significant player in intra-African trade. Its track record of promoting trade-supporting infrastructure across the continent makes it a natural partner for Afreximbank’s EPC Contract Promotion Initiative, which seeks to build African EPC champions capable of delivering the infrastructure that underpins intra-African trade.

Distributed by APO Group on behalf of Afreximbank.

 

 




 

Continue Reading

Business

Coca-Cola Beverages Africa (CCBA) invests in Africa’s leadership potential through EDGE

Published

on

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business

JOHANNESBURG, South Africa, November 4, 2026/APO Group/ –Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) (https://www.CCBAgroup.com) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort.

 




 
 

Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from The Coca-Cola Company, the programme was further expanded in 2026 to include leaders from Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, creating a broader pan-African learning experience across the Coca-Cola system.

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business.

The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system

The graduating cohort represented leaders from multiple countries and business functions. Through classroom learning, business projects, mentoring and coaching, participants gained practical experience in addressing real business opportunities and challenges.

With CCBA serving more than 840,000 customers across Africa, the company requires leaders who can navigate complexity and create value in diverse markets. EDGE helps build these capabilities through practical, business-focused learning.

“People are at the heart of everything we do, and programmes like EDGE demonstrate our commitment to investing in their growth and future success,” said Natasa Prodanovic, Chief People and Culture Officer at CCBA.

“The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system. By learning alongside colleagues from The Coca-Cola Company, Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, participants were able to build meaningful connections, share diverse perspectives and strengthen collaboration across our markets.”

The curriculum focused on strategy, value creation, transformation, commercial decision-making, leading self and leading teams. Participants also presented business projects aligned to organisational priorities as part of the programme’s graduation requirements.

EDGE forms part of CCBA’s broader commitment to developing future leaders and building the capabilities needed to drive sustainable growth and impact across Africa.

Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

Continue Reading

Business

Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

Published

on

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped

ST. JOHN’S, Antigua and Barbuda, November 3, 2026/APO Group/ –Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda.

 




  

The report, Reshaping Africa-Caribbean Trade: Opportunities for Economic Transformation, (https://apo-opa.co/4eiz62u) finds that while Africa and the Caribbean share deep historical and cultural links, trade between the two regions continues to represent only a small share of each region’s overall trade, despite complementarities across sectors ranging from agribusiness and manufacturing to services and the creative economy.

A look at the numbers

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped, with are significant opportunities for export growth if trade and investment is actively promoted and facilitated.

Africa and the Caribbean must transform a shared history into shared prosperity

Caribbean export potential lies in the services sector, reaching $481 million. The report identifies business opportunities across several priority sectors, including processed food and animal feed, chemicals, minerals and metals, apparel and textiles, leather and footwear, tourism, transport services and creative industries.

These findings – and more – are based on trade and export potential analysis, detailed sector assessments and a survey of 1,175 businesses and business support organizations across Africa and the Caribbean.

Tapping into priority sectors

ITC Executive Director Pamela Coke-Hamilton (https://apo-opa.co/3WHHZMU), in launching the report, said: ‘At a time of major shifts in global trade, countries need to strengthen regional ties and invest in value addition, to build resilience. We know the major trade opportunities between Africa and the Caribbean – and now we can focus on helping businesses take advantage of those opportunities through better market intelligence, improved logistics and greater access to finance.’

Commenting on the report, Denys Denya, Senior Executive Vice President at Afreximbank, said: ‘Africa and the Caribbean must transform a shared history into shared prosperity. With our CARICOM office in Barbados, about $1 billion in approved transactions and a $5 billion regional financing commitment, Afreximbank is advancing this vision through financing, deposit mobilization under CENDEP, business links through the annual Afri-Caribbean Trade and Investment Forum, local-currency payments through CAPSS and creative-industry collaboration through CANEX. This report offers a practical roadmap to turn untapped potential into bankable opportunities across agribusiness, manufacturing, tourism and the creative economy. Through targeted financing, stronger transport and logistics links and strategic partnerships, we can build a Global Africa connected by heritage, trade, investment and shared opportunity.’

The report finds that businesses continue to face significant challenges, including high transport costs, limited direct shipping links, regulatory barriers, limited access to finance and difficulties in identifying trusted commercial partners. It highlights that future economic cooperation should extend beyond traditional trade in goods, including through joint investment ventures, digital services, creative industries and tourism. It also calls for targeted action to improve market intelligence and business matchmaking; expand access to trade finance and payment solutions; strengthen transport and logistics connectivity; support sector-specific value chain development; improve regulatory cooperation and market access; and foster stronger partnerships among business support organizations.

Read the full report HERE (https://apo-opa.co/4exHBH9)

Distributed by APO Group on behalf of Afreximbank.

 




 

Continue Reading

Trending

Exit mobile version