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Top Solar Developments in the MSGBC Region in 2022/23

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Solar

While the region’s oil and gas landscape has seen accelerated progress, the respective nations of the MSGBC region have been correspondingly targeting widespread solar deployment in a bid to bolster electrification efforts

NOUAKCHOTT, Mauritania, March 6, 2023/APO Group/ — 

In the past year, the MSGBC region has been driving an ambitious energy expansion agenda backed by energy security, affordability and energy independence targets.

While large-scale oil and gas developments are set to come online this year – such as the 100,000 barrel per day Sangomar oil development and the 2.5 million tons per annum Greater Tortue Ahmeyim gas project – promise advances in fuel security, progress across the renewable sector has opened new opportunities for widespread electrification on the back of solar.

New Projects Improve Energy Access

Eager to capitalize on the significant solar potential available across the region, MSGBC nations have been driving a series of solar projects over the recent year. In 2022, Senegal launched a 23 MW solar plant 40km outside of the capital city of Dakar, which is expected to save state utility, Senelec approximately $2.7 million per annum in fuel costs over the project’s 25-year lifespan.

In Mauritania, British energy major bp signed a Memorandum of Understanding with the government for the research and development of the rollout of green hydrogen, including the assessment of the country’s solar resources to produce green hydrogen. The year 2022 also saw Mauritania inking a Framework Agreement for the $40 billion AMAN green hydrogen project – targeting 12 GW of solar and 18 GW of wind – as well as the completion of the pre-feasibility study for the Project Nour green hydrogen facility, which includes 3 GW of solar.

While the world expects up to 600 GW of new solar capacity to be added in the next five years, Africa continues to receive merely 2% of global investments

Advancements in Local Content

Local content has been made a priority across the MSGBC region’s solar space, with nations pushing for the training of technicians and scaling up of the local workforce in this industry. In August 2022, Senegalese subsidiary of German consulting group, Gauff Engineering, saw 247 Senegalese students graduate a five-day intensive solar operations, maintenance and remote supervision course. These qualified trainees are to lead in the delivery of stand-alone solar power mini-grids to 300 rural villages, bringing electricity to 20,000 households.

Integrating Solar Across Sectors

In addition to power generation projects, the MSGBC region has been integrating solar systems with other sectors of the economy. On the agriculture front, both Senegal and Guinea-Conakry introduced solar irrigation pumping systems (SIPS) to replace traditional diesel generators. Projects launched last year include GreenTec’s 50kWp solar facility – powering treatment and desalination for a 2,000 liter per hour drinking water supply in Senegal ­– Enda Tiers Monde’s community SIPS installations, supplying 400 market gardeners with water in Senegal; the Bonergie irrigation project, comprising 2,000 pumps and 500 drip irrigation systems, among others.

On the mining side, Canadian gold mining company Kinross invested $55 million in the solar to power its Tasiast mine in Mauritania. As the mining industry expands regionally, players are expected to turn their attention to solar to power operations.

Despite representing a relatively new sector, the MSGBC solar market is set to witness significant growth as new players flock to the region, governments intensify electrification efforts and new investment flows into the market due to energy transition-related capital trends.

Yet, while the world expects up to 600 GW of new solar capacity to be added in the next five years, Africa continues to receive merely 2% of global investments. As such, the upcoming MSGBC Oil, Gas & Power conference and exhibition (https://apo-opa.info/41ZJ550) – taking place in Mauritania from November 21-22 – will position the region as the destination of choice for foreign investment, while subsequently, inviting new players to connect with regional energy opportunities. With the region celebrating first oil and gas production this year, the conference will drive the conversation on what happens next, and how the region can better position itself as a global renewable energy hub with the adoption of technologies such as solar.

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

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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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