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Top 5 Sectors Set to Benefit from Mauritania’s Oil & Gas Development

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Mauritania

Top 5 sectors that will benefit from oil and gas projects in Mauritania include infrastructure, green hydrogen, services, finance, and tourism and hospitality

NOUAKCHOTT, Mauritania, May 4, 2023/APO Group/ — 

With the discovery of the Greater Tortue Ahmeyim (GTA) gas field in 2015 and the latest developments regarding the BirAllah field, Mauritania has become an increasingly attractive destination for investment. In addition to hydrocarbon supply benefits, the country is set to see numerous economic opportunities made possible through oil and gas monetization, all of which will be showcased at the MSGBC Oil, Gas & Power conference and exhibition – taking place from November 21-22 this year.

Infrastructure

According to the World Bank, the lack of infrastructure in Mauritania has caused a significant constraint on economic growth. However, with the introduction of large-scale energy developments such as GTA, which require significant infrastructure investment such as roads, pipelines, and storage facilities, opportunities for growth in this area have increased. Developing these infrastructure projects will create jobs in construction and maintenance, which will boost the economy. One specific project is the transformation of the port city of Nouadhibou into a regional gas processing, import and export hub, which, in addition to employment creation, will require an expansion of the current 300,000 metric tons oil storage capacity.

Additionally, on the power infrastructure side, the Banda Gas-to-Power Project, developed by New Fortress Energy, aims to produce natural gas for electricity generation by 2024. The project includes upstream gas field production, power generation, and power transmission components. It will reduce costs and increase supply for Mauritanian households and industry, while promoting regional integration through electricity exports to Senegal and Mali.

Green hydrogen

Hydrogen has a crucial part to play in the shift to sustainable energy. Despite its potential, the production of green hydrogen is still limited and expensive. According to Nils Røkke, Chairman of European Energy Research Alliance, one solution is to concurrently develop blue and green hydrogen, with the anticipation that green hydrogen will gradually prevail as the dominant form. This is the strategy adopted by bp in Mauritania which has operator interests in GTA and BirAllah Liquefied Natural Gas (LNG) fields, but correspondingly studies the feasibility of a green hydrogen project in the country. Mauritania’s Minister of Finance Isselmou Ould Mohamed M’Bady advocated for “significant increase in blended financing to support the transition towards green energy.” Using profits from first gas could be one of the solutions to finance green hydrogen projects.

Using profits from first gas could be one of the solutions to finance green hydrogen projects

Services

Already representing a leading producer of minerals, Mauritania benefits from a solid pool of local service providers to the extractive sectors, whether logistics and security or legal and engineering consulting. The expansion of infrastructure and development of oil and gas projects will create even further job opportunities across this sector. For example, the local consulting firm Meen&Meen, part of a joint venture with Jade Advisory and EPCM Holdings, has secured a strategic contract for the transformation of the south of Nouakchott port into a regional hub. The projected growth of 6.2% of GDP by 2025 in the country will also improve the quality and availability of services in the country. The transportation industry, in particular, is expected to benefit from increased demand for goods and people, with the African Development Bank estimating that the transport sector in Mauritania will grow by 5.5% per year between 2020 and 2025.

Finance

According to the World Bank, access to finance remains a significant challenge in Mauritania, with only 10% of the population having access to formal financial services. Ousmane Mamadou Kane, the Minister of Economic Affairs and the Promotion of the Productive Sector explained that the government aims to inject a lot of resources into the Treasury and the Central Bank using revenues generated from oil and gas. This will create significant opportunities for local banks and financial institutions while enabling the broader business sector to benefit from improved access to capital.

Tourism and Hospitality

Less known for tourism than its neighboring countries Morocco and Senegal, Mauritania still has hidden gems such as the Adrar region which is full of fascinating sites such as the historic towns of Chinguetti and Ouadane, or the Iron Ore Train, accessible to adventurous travelers which runs from the mining town of Zouerat to the coastal city of Nouadhibou and offers stunning views of the desert landscape. The improvement of road infrastructure and increased revenues are expected to give a boost to the hospitality and tourism sectors.

MSGBC Oil, Gas & Power, the leading energy event of the region, is scheduled to take place in Nouakchott, Mauritania on November 21-22. Organized by Energy Capital & Power, the event aims to bring together potential investors, project developers, and public stakeholders to create an ideal platform for initiating new projects and signing deals. By organizing high-level panel discussions, exclusive networking sessions, and technical workshops, MSGBC 2023 will dive into the ways that the country can utilize its natural gas industry to unlock long-term economic advantages.

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

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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