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Top Governance Policies to Drive Growth in the MSGBC Region

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Special Economic Zones

Special Economic Zones (SEZ) or free zones could be established between MSGBC governments and private sector operators to attract foreign investment, promote economic growth and facilitate technology transfer

LUANDA, Angola, June 22, 2023/APO Group/ — 

Energy Capital & Power (www.EnergyCapitalPower.com) will host the MSGBC Oil, Gas & Power conference and exhibition (https://apo-opa.info/42S7skb) where African and global energy policymakers, and energy firms and investors will explore how the implementation of special economic zones, trade markets, visa harmonization and green project funds can help the MSGBC region maximize its energy resources for long-term growth.

With promising projects coming online this year such as the Sangomar oil project in Senegal and the Greater Tortue Ahmeyim development located on the Senegal-Mauritania maritime border, it has become critical for MSGBC countries to establish effective governance policies to maximize the benefits of new energy supplies introduced to the market.   

Implementation of Special Economic Zones

Special Economic Zones (SEZ) or free zones could be established between MSGBC governments and private sector operators to attract foreign investment, promote economic growth and facilitate technology transfer to maximize the benefits of first oil and gas.

In West Africa, there are currently 29 free zones across 11 countries, including one in Senegal and two in The Gambia, established with the aim of advancing investment.

According to Moustapha Bechir, GM of Hydrocarbons at Mauritania’s Ministry of Petroleum, Energy and Mines, the country is also looking at developing SEZs, with a “feasibility team currently studying the potential of a SEZ in Mauritania and we should start building the hub around 2025.” Speaking in an exclusive interview with Energy Capital & Power, Bechir added that, “The Ministry is looking at different options to incentivize investors, and establishing a free zone could be a good way to unlock capital and create local employment.”

By eliminating tariffs on crude oil, the USMCA plays a critical role in supporting and growing North American energy integration, interdependence and energy security

Creation of a Free Trade Market for the Energy Sector

Recent geopolitics and associated trade sanctions imposed by the U.S. and Europe against Russia have highlighted an opportunity for MSGBC energy producing countries to develop their own energy free trade agreement and finally bridge the energy gap in the region. MSGBC countries could derive insights from other free trade agreements such as the US-Mexico-Canada Agreement (USMCA) https://apo-opa.info/3NJBVgb and consider the establishment of a specialized regional free trade zone focused on the energy sector.

By eliminating tariffs on crude oil, the USMCA plays a critical role in supporting and growing North American energy integration, interdependence and energy security. Similar to the interconnected energy markets in North America, the markets within the MSGBC region exhibit close ties. In this context, the establishment of a regional energy market holds the potential to enhance operational efficiency.

Visa Process Harmonization

In October 2022, regional experts adopted the ECOVISA https://apo-opa.info/3NkDjEr throughout the Economic Community of West African States to simplify visa processes and the movement of people. Equally, harmonizing visa procedures in the MSGBC region could promote the mobility of qualified professionals and investors within the region. The liberalization of Schengen visas in Europe has shown enormous transformational potential in commerce, investment, and tourism. Adopting a similar strategy to simplify procedures and introducing similar visa regulations could boost cross-border collaboration and talent attraction and contribute to the growth of the energy and mining sectors in the MSGBC basin.

Common Sovereign Fund for Green Projects

African sovereign wealth funds (SWF) https://apo-opa.info/3plpCwU – 28 in total – collectively managed an impressive sum of $300 billion in 2020. There has been an upswing in investor interest regarding impact investing, which presents a promising avenue to mobilize private capital and create positive social and environmental outcomes. During the ECP interview, Bechir expanded on this topic, stating that, “Mauritania wants to shift from grey to blue and then green energy by 2030, and the country is counting on regional cooperation to do so. Mauritania already established a SWF in 2006, The National Fund for Hydrocarbon Reserves.” As such, MSGBC countries could join forces and create their own regional SWF, which would help maximize revenue from first gas and stimulate finance for the energy transition. 

Under the auspices of Mauritanian President H.E. Mohamed Ould Ghazouani, the 2023 edition of the MSGBC Oil, Gas & Power conference (https://apo-opa.info/42RFZiI) – scheduled for November 21-22 in Nouakchott – will convene a ministerial panel to explore regional cooperation and governance following first oil and gas production.

Ministers from across the MSGBC region will delve into concerted strategies aimed at fostering the broadening of industrial opportunities as well as the creation of effective policies designed to avert the perils associated with the ‘resource curse’ phenomenon.

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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Business

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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