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Top 5 Sectors Poised for Growth in the MSGBC Region

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3 years ago

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MSGBC

As one of the continent’s frontier destinations for oil and gas, renewables and mining developments, the MSGBC region is poised to benefit from international and intra-regional investment across an array of sectors

NOUAKCHOTT, Mauritania, April 17, 2023/APO Group/ — 

On the back of heightened investment as a result of the region’s competitive and attractive business environment, 2023 is set to be a pivotal year for the MSGBC region.

From oil and natural gas megaprojects to large-scale green hydrogen production, regional players in West Africa will have the opportunity to capitalize on their position as a frontier investment destination pioneering sustainable and integrated energy growth to kickstart industrialization, electrification, economic diversification and socioeconomic development.

Newfound developments across multiple sectors in the region will be explored at this year’s edition of the MSGBC 2023 Conference and Exhibition (https://apo-opa.info/41zukVu), organized by Energy Capital & Power and taking place in Nouakchott from 21-22 November, reaffirming West Africa’s position as a regional hub for oil, gas, renewables and green hydrogen.

Hydrocarbons

With first oil and gas due to come into production in 2023, the MSGBC region has emerged as a highly competitive investment destination for large-scale hydrocarbons projects. Straddling the maritime border between Senegal and Mauritania, the $4.8 billion Grand Tortue Ahmeyim (GTA) Liquefied Natural Gas project is due to come online in 2023, while Senegalese megaprojects such as the Sangomar Field Development and the Yakaar-Teranga Development are set to come online in 2023 and 2024, respectively.

With project partners oil and gas supermajor bp and deepwater exploration and production company Kosmos Energy, along with Senegal’s national oil company Petrosen and its Mauritanian counterpart the Société Mauritanienne des Hydrocarbures targeting first gas production from the GTA project this year, the Ministry of Petroleum, Energy and Mines of Mauritania and the Ministry of Petroleum and Energies of Senegal have demonstrated their commitment to bringing regional wealth to West Africa.

With first oil and gas due to come into production in 2023, the MSGBC region has emerged as a highly competitive investment destination for large-scale hydrocarbons projects

Renewable Energy

The MSGBC region has seen a significant increase in both small- and large-scale green energy developments as a result of its vast abundance of renewable energy resources such as wind, hydro and solar. Adapting to the global market in the wake of the energy transition, countries in the MSGBC basin have begun to reform their growth agenda towards innovative strategies in the development of the region’s renewable energy potential, with Senegal having set a target of 30% renewable energy in its electricity mix by 2025 and Mauritania having set an energy mix of 50% renewables by 2030.

Infrastructure

Taking place against the backdrop of sizeable offshore gas discoveries, the MSGBC region is poised to see increased investment and development within its infrastructure sector, with major gas discoveries in Senegal set to service the country’s first gas-to-power project, the 300 MW Cap des Biches Combined Cycle Gas-Turbine plant. Underpinning the region’s efforts to achieve universal energy access while promoting local content development and GDP growth, the MSGBC region has begun to maximize its infrastructure rollout across various sectors in oil and gas, renewables, agriculture and mining.

Mining

Under a broader agenda of establishing the MSGBC basin as a regional green energy integrated hub and enabling green steel industry, the region’s well-established mining sector is poised for growth, driven by the need to meet an increasing global demand for strategic minerals required for the development of renewable energy technologies. The MSGBC region boasts a well-developed mining industry, with Guinea-Bissau holding the world’s third largest reserves of bauxite, while Senegal and Mauritania boast highly prospective reserves of gold, nickel and phosphates.

Agriculture

Fueled by high population growth and a growing demand for food, the agricultural sector in the MSGBC region will serve to foster intra-regional trade and cooperation while boosting productivity and ensuring small-scale farmers have greater access to regional markets. Crucial to economic growth, the MSGBC region’s agriculture sector will serve as a powerful tool to combat extreme poverty, boost shared prosperity and drive socioeconomic development in West Africa

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

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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11 hours ago

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April 29, 2026

By

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

18 hours ago

on

April 29, 2026

By

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

18 hours ago

on

April 29, 2026

By

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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