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TotalEnergies: Driving Economic Development Beyond Oil & Gas

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TotalEnergies

The French multinational is advancing economic development across Africa through its tax contributions, strategic infrastructure investments, energy access initiatives and focus on local empowerment

JOHANNESBURG, South Africa, July 5, 2024/APO Group/ — 

Multinational energy company TotalEnergies acts as a key contributor to economic growth and tax revenues in the markets in which it operates, extending beyond its core oil and gas exploration and production activities. In 2023 alone, the company’s production taxes and current income taxes across all activities amounted to just over $24.7 billion, with an average tax rate of 38.2%. Additionally, its extractive entities paid $28.3 billion in taxes and production fees to the governments of the states and territories where it operates.

In Africa, TotalEnergies has activities in over 40 countries, where it contributes to both economic and social development across its portfolio. In Uganda, TotalEnergies is spearheading the Tilenga and Kingfisher oil field development in the Lake Albert Basin – developed in partnership with China National Offshore Oil Corporation and the state-owned Uganda National Oil Company – which involves substantial investments in local infrastructure and community development.

Last year, TotalEnergies EP Uganda selected 200 Ugandan youths for the Tilenga Massive Open Online Course and Tilenga Academy training program. The objective was to equip local youth with the knowledge and skills needed to work on the TotalEnergies-operated Tilenga project during its production phase, aiming to develop local capacity and encourage youth participation in the sector. Training was conducted at the Uganda Petroleum Institute in Kigumba and other international oil and gas training centers, providing hands-on experience during the installation and completion of the Tilenga project, which comprises nine oil fields, a processing facility, underground pipelines and infrastructure. Moreover, TotalEnergies is leading rural electrification efforts in the East African country, having built the 10 MW Soroti solar power plant that was one of the largest grid-connected, privately-funded solar plants in Africa at its commissioning.

TotalEnergies serves as the largest operator in Angola, with interests in Blocks 17, 32, 0, 14 and 14K. Last May, the company announced FID for the Cameia-Golfinho field development, and anticipates the Quiluma and Maboqueiro gas fields to come online in 2026, which will feed into the country’s Angola LNG plant. The company holds a 41% market share and accounts for just short of 45% of Angola’s production, as well as holds key stakes in Angola LNG and the New Gas Consortium. Its substantial investments in Angola reflect the company’s historic contributions to the national economy through associated infrastructure development and export revenues, in addition to taxes, royalties and other levies.

They are not only investing in the continent’s future but also ensuring that African communities reap the benefits of their natural resources

In neighboring Namibia, TotalEnergies’ light oil discoveries with the Mangetti-1X and Venus-1X wells in the Orange Basin present a major economic boost for the country. Once fully appraised, these discoveries hold the potential to stimulate creation, local procurement and an influx of foreign investments from other international players, thereby enhancing Namibia’s economic growth and development.

In Nigeria, the company’s activities extend beyond oil and gas exploration and production to renewable energy, electricity, green gas and retail activities. The company has over 1,800 employees in the country and 530 service stations. TotalEnergies also carries an interest in the Nigeria LNG plant and is pursuing several carbon-neutral initiatives, including the Zero Routine Flaring by 2030 program. It also operates two lubricant blending plants and several petroleum product depots. Moreover, the company markets its products and services through its service stations and sells decentralized solar solutions to low-income populations. These activities have generated substantial income that flows through the country’s economy, as well as targets underserved communities.

Across the continent, TotalEnergies conducts its operations under various contractual frameworks, typically either concession contracts or production sharing contracts (PSCs). Under concession contracts, the company owns the assets and facilities, receives all production, bears all risks and costs and pays royalties and taxes to the state. Under PSCs, the company finances and executes exploration and production at its own risk, receiving a share of the production to cover costs and profits, with the remainder shared with the state or national company. These agreements demonstrate TotalEnergies’ commitment to long-term business partnerships that profit the company and the host countries equally by sharing revenues and managing resources responsibly.

Beyond its operational footprint, TotalEnergies has made clear its plans to enhance energy accessibility and sustainability. By 2030, the company aims to provide clean cooking access to up to 100 million people in Africa and India. This initiative includes a $400-million investment in the development of LPG and the production of pay-as-you-cook digital technologies to make clean cooking affordable. Access to cleaner energy like LPG can improve health, reduce gender inequalities and decrease CO2 emissions and deforestation. Already a major player in the distribution of LPG in bottles, TotalEnergies stands to benefit over 50 million people in Africa and Asia through this initiative.

Moreover, TotalEnergies actively contributes to socioeconomic development through its wide range of citizenship initiatives. Focused mainly on youth, these programs are funded by the TotalEnergies Foundation and support the company’s broader community engagement efforts. Employees are encouraged to dedicate up to three days of work time annually to community engagement projects, promoting these values globally through the TotalEnergies Foundation program. These initiatives not only uplift and empower local communities, but also position them as vital components of TotalEnergies’ operations.

“TotalEnergies’ contributions beyond oil and gas are transformative for Africa. By driving local capacity building, economic diversification and sustainable development, they are not only investing in the continent’s future but also ensuring that African communities reap the benefits of their natural resources. This strategic approach is essential for fostering long-term growth and prosperity across the region,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

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Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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