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TotalEnergies Signs Production Sharing Contracts (PSCs) for Liberian Oil Blocks, Signaling Exploration Resurgence in West Africa

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African Energy Chamber

The Production Sharing Contracts align with the government’s commitment to monetizing offshore oil and gas resources

JOHANNESBURG, South Africa, September 18, 2025/APO Group/ –In a move set to accelerate offshore oil and gas development in the country, energy major TotalEnergies has signed four Production Sharing Contracts (PSC) for exploration blocks in Liberia. Awarded to the company following the conclusion of Liberia’s 2024 Direct Negotiation Licensing Round, the PSCs cover Block LB-6, Block LB-11, Block LB-17 and Block LB-29, all of which are situated in the south of the Liberia basin. The PSCs align with the government’s commitment to monetize offshore hydrocarbon resources and is expected to pave the way for future discoveries.

The African Energy Chamber (AEC) – representing the voice of the African energy sector – views the signing of the PSCs as a direct result of the proactive approach by the Liberian government to attracting new investment across the country’s offshore hydrocarbon market. Through the 2024 licensing round, the government sought to engage global investors and accelerate exploration. The PSCs not only serve as a key step towards realizing this goal but bring significant expertise to the market through the likes of TotalEnergies. As such, the AEC also commends TotalEnergies for its continued commitment to investing in African exploration and production, and views this milestone as a key step towards unlocking new resources in West Africa.

The signing of these PSCs marks more than just a corporate milestone – it represents Liberia’s resurgence as a competitive frontier for oil and gas investment

The signed PSCs cover acreage of approximately 12,700 km². According to TotalEnergies, the blocks are situated in high-potential new oil-prone basins, with the areas holding significant potential for large-scale discoveries that lead to cost-effective, low-emission developments. Part of the upcoming work program, TotalEnergies will acquire one firm 3D seismic survey, which is expected to enhance the geological understanding of the blocks. The Liberia Basin – alongside the corresponding Harper Basin – are already supported by a substantial set of seismic data thanks to a partnership between the government and energy data firm TGS. TGS was tasked with acquiring an extensive suite of multi-client subsurface data, including over 24,000 km² of 2D and more than 26,000 km² of 3D data. This data will aid TotalEnergies and other companies as they advance exploration activities.

Largely under-explored, Liberia represents a promising market given the country’s long-held oil and gas potential. Located in the syn-rift Lower Cretaceous to deepwater Upper Cretaceous geological layers, the blocks offer a variety of source rock intervals across the stratigraphy. Coupled with the high-quality seismic data available, this provides a comprehensive geological understanding of the acreage, thereby supporting exploration and future discoveries. The PSCs come as Liberia implements a bold strategy to attract upstream investment. Prior to the 2024 licensing round, the country introduced amendments to the Exploration & Production Law in 2019, aimed at establishing a transparent and competitive process. Terms included a 100% cost-recovery on pre-PSC seismic data, further adding to the attractiveness of the licensing round.

The 2024 licensing round sought to unlock this potential by attracting new players to invest in exploration blocks. The round featured 29 blocks across the Liberia and Harper Basins, offering opportunities for both international oil companies with the technical and financial capacity to develop offshore fields as well as smaller players and independents seeking forays into marginal fields. With both shallow water and deepwater acreage on offer, the round reflects the strong drive by the government to engage a diverse slate of investors and drive oil and gas projects forward. The signed PSCs signal the confidence that international companies have in Liberia’s frontier oil and gas opportunities.

“The signing of these PSCs marks more than just a corporate milestone – it represents Liberia’s resurgence as a competitive frontier for oil and gas investment. TotalEnergies’ expertise, combined with the government’s proactive reforms, sets the stage for new discoveries, job creation and sustainable development. This moment underscores the importance of African nations driving exploration and unlocking their own resources, ensuring that energy security, prosperity and opportunity are realized by Liberians and by the wider West African region,” states NJ Ayuk, Executive Chairman, AEC.

Distributed by APO Group on behalf of African Energy Chamber.

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Afreximbank Backs DOTT Services Limited, Uganda with a US$28 Million Facility for Regional Engineering, Procurement and Construction (EPC) Projects

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The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains

CAIRO, Egypt, November 4, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has activated and approved a US$28 million dual-tranche facility for DOTT Services Limited, the leading Uganda-based engineering, procurement and construction (EPC) contractor, and has begun disbursing funds to support the execution of its EPC projects pipeline, valued at more than US$550 million.

 




 
 

Provided under Afreximbank’s EPC Contract Promotion Initiative, the facility is designed to strengthen the capacity of African EPC champions to secure and execute large-scale infrastructure projects across the continent. Specifically, the financing will support DOTT Services Limited in executing contracts and pursuing near-term opportunities valued at approximately US$550 million across Uganda, Tanzania, Kenya and the Democratic Republic of Congo.

Commenting on the transaction, Mr. Humphrey Nwugo, Director of Regional Operations at Afreximbank’s Eastern Africa office, said:

Through the initiative, the Bank provides support, including financing, twinning and matchmaking

“This facility reflects Afreximbank’s commitment to building strong African EPC champions capable of delivering the infrastructure that underpins Africa’s industrialisation, trade and economic integration. By supporting DOTT Services Ltd, a well-established regional contractor with operations across five African countries, we are addressing a critical financing gap that has historically constrained the ability of African firms to participate meaningfully in large-scale, cross-border infrastructure projects.

The financing will enhance DOTT’s capacity to execute strategic projects across the continent, facilitate intra-African trade in goods and services and strengthen regional value chains. It also advances Afreximbank’s EPC Contract Promotion Initiative, which seeks to increase African participation in the development and delivery of Africa’s infrastructure.

Through partnerships such as this, we are ensuring that greater value, expertise, employment opportunities and economic benefits are retained within Africa while fostering the emergence of globally competitive African contractors.”

Mr. Nwugo further noted that most local commercial banks lacked the capacity to support intra-African and regional projects because they were poorly placed to absorb the associated cross-border risks, while international banks tended to prioritise non-African contractors. As a result, African entities were often left without adequate financial support.

He said: “Afreximbank’s EPC Initiative was therefore designed to address this challenge by supporting African EPC contractors in securing and executing a greater share of infrastructure contracts across the continent. Through the initiative, the Bank provides support, including financing, twinning and matchmaking, as well as issuing letters of support, among others”, he explained.

DOTT Services Limited presence in Africa spans 28-years, with operations in Uganda, Tanzania, South Sudan, Zambia, and the Democratic Republic of Congo (DR Congo). It also has European offices in Italy and the UK, and a workforce of over 6,000 people. The company procures from, and distributes to, African countries goods such as bitumen, asphalt, steel and spare parts, as well as yellow goods equipment and services, making it a significant player in intra-African trade. Its track record of promoting trade-supporting infrastructure across the continent makes it a natural partner for Afreximbank’s EPC Contract Promotion Initiative, which seeks to build African EPC champions capable of delivering the infrastructure that underpins intra-African trade.

Distributed by APO Group on behalf of Afreximbank.

 

 




 

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Coca-Cola Beverages Africa (CCBA) invests in Africa’s leadership potential through EDGE

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Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business

JOHANNESBURG, South Africa, November 4, 2026/APO Group/ –Thirty-one leaders from across 12 African countries have graduated from Coca-Cola Beverages Africa’s (CCBA) (https://www.CCBAgroup.com) EDGE Senior Leadership Acceleration Programme, marking the completion of the programme’s second generation and the first pan-African EDGE cohort.

 




 
 

Created by CCBA, EDGE is the company’s flagship senior leadership development programme. Building on previous participation from The Coca-Cola Company, the programme was further expanded in 2026 to include leaders from Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, creating a broader pan-African learning experience across the Coca-Cola system.

Developed in partnership with Henley Business School Africa, the programme equips high-potential leaders with the skills, experiences and perspectives needed to drive growth, create value and deliver impact across the business.

The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system

The graduating cohort represented leaders from multiple countries and business functions. Through classroom learning, business projects, mentoring and coaching, participants gained practical experience in addressing real business opportunities and challenges.

With CCBA serving more than 840,000 customers across Africa, the company requires leaders who can navigate complexity and create value in diverse markets. EDGE helps build these capabilities through practical, business-focused learning.

“People are at the heart of everything we do, and programmes like EDGE demonstrate our commitment to investing in their growth and future success,” said Natasa Prodanovic, Chief People and Culture Officer at CCBA.

“The 2026 cohort marks an important milestone for EDGE as the programme brought together leaders from across the Coca-Cola system. By learning alongside colleagues from The Coca-Cola Company, Equatorial Coca-Cola Bottling Company and Coca-Cola Hellenic Bottling Company, participants were able to build meaningful connections, share diverse perspectives and strengthen collaboration across our markets.”

The curriculum focused on strategy, value creation, transformation, commercial decision-making, leading self and leading teams. Participants also presented business projects aligned to organisational priorities as part of the programme’s graduation requirements.

EDGE forms part of CCBA’s broader commitment to developing future leaders and building the capabilities needed to drive sustainable growth and impact across Africa.

Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

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The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped

ST. JOHN’S, Antigua and Barbuda, November 3, 2026/APO Group/ –Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda.

 




  

The report, Reshaping Africa-Caribbean Trade: Opportunities for Economic Transformation, (https://apo-opa.co/4eiz62u) finds that while Africa and the Caribbean share deep historical and cultural links, trade between the two regions continues to represent only a small share of each region’s overall trade, despite complementarities across sectors ranging from agribusiness and manufacturing to services and the creative economy.

A look at the numbers

The report finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped, with are significant opportunities for export growth if trade and investment is actively promoted and facilitated.

Africa and the Caribbean must transform a shared history into shared prosperity

Caribbean export potential lies in the services sector, reaching $481 million. The report identifies business opportunities across several priority sectors, including processed food and animal feed, chemicals, minerals and metals, apparel and textiles, leather and footwear, tourism, transport services and creative industries.

These findings – and more – are based on trade and export potential analysis, detailed sector assessments and a survey of 1,175 businesses and business support organizations across Africa and the Caribbean.

Tapping into priority sectors

ITC Executive Director Pamela Coke-Hamilton (https://apo-opa.co/3WHHZMU), in launching the report, said: ‘At a time of major shifts in global trade, countries need to strengthen regional ties and invest in value addition, to build resilience. We know the major trade opportunities between Africa and the Caribbean – and now we can focus on helping businesses take advantage of those opportunities through better market intelligence, improved logistics and greater access to finance.’

Commenting on the report, Denys Denya, Senior Executive Vice President at Afreximbank, said: ‘Africa and the Caribbean must transform a shared history into shared prosperity. With our CARICOM office in Barbados, about $1 billion in approved transactions and a $5 billion regional financing commitment, Afreximbank is advancing this vision through financing, deposit mobilization under CENDEP, business links through the annual Afri-Caribbean Trade and Investment Forum, local-currency payments through CAPSS and creative-industry collaboration through CANEX. This report offers a practical roadmap to turn untapped potential into bankable opportunities across agribusiness, manufacturing, tourism and the creative economy. Through targeted financing, stronger transport and logistics links and strategic partnerships, we can build a Global Africa connected by heritage, trade, investment and shared opportunity.’

The report finds that businesses continue to face significant challenges, including high transport costs, limited direct shipping links, regulatory barriers, limited access to finance and difficulties in identifying trusted commercial partners. It highlights that future economic cooperation should extend beyond traditional trade in goods, including through joint investment ventures, digital services, creative industries and tourism. It also calls for targeted action to improve market intelligence and business matchmaking; expand access to trade finance and payment solutions; strengthen transport and logistics connectivity; support sector-specific value chain development; improve regulatory cooperation and market access; and foster stronger partnerships among business support organizations.

Read the full report HERE (https://apo-opa.co/4exHBH9)

Distributed by APO Group on behalf of Afreximbank.

 




 

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