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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.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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