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Uganda’s Energy Potential Promoted at #AEW2023

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AEW2023

The Invest in Uganda Energies forum at AEW 2023 united Ugandan energy regulatory authorities and companies with global partners to discuss the country’s energy future

CAPE TOWN, South Africa, October 19, 2023/APO Group/ — 

Taking place during the 2023 edition of African Energy Week (AEW) the Invest in Uganda Energies country spotlight served to showcase the various investment and partnership prospects available across the East African country’s energy sector.

Sponsored by Uganda’s National Oil Company (NOC), the Uganda National Oil Company (UNOC) Limited, and featuring the participation of high-level public and private sector players, the session shone a light on Uganda’s energy journey, with a focus on new investment opportunities in the East African energy hub.

“For the energy space, in terms of regulation, in terms of policy, in terms of opportunities, there is huge potential for private sector players to participate in Uganda,” stated Aggrey Ashaba, Uganda Chamber of Mines General Secretary.

Boasting approximately 1.4 billion barrels of recoverable crude oil reserves and significant gas resources, Uganda ranks among Africa’s fastest growing energy markets, and has emerged as an attractive investment destination for global energy companies and investors alike.

“In respect to licensing, the laws require that we follow a production sharing regime, which creates a certain level of certainty; compliance to international standards on safety, environment, and social aspects; and regulate the upstream, midstream, and downstream sectors,” stated Ali Ssekatawa, Director of Legal and Corporate Affairs of the Petroleum Authority of Uganda.

The country aims to produce first oil in 2025, having achieved a Final Investment Decision for the $10 billion Lake Albert Development – comprising the Kingfisher and Tilenga oilfields as well as the 1,443km-long EACOP – alongside oil and gas supermajor, TotalEnergies, and Chinese National Oil Company, the China National Offshore Oil Corporation in 2022.

For the energy space, in terms of regulation, in terms of policy, in terms of opportunities, there is huge potential for private sector players to participate in Uganda

“We are currently building an investment portfolio of over $10 billion,” stated Proscovia Nabbanja, CEO of UNOC Limited, adding, “This will be to develop resources of about 1.4 to 1.7 billion recoverable barrels of oil while monetizing and developing our downstream sector.”

“As we charge the future, we need to leverage past experiences,” stated Sandisiwe Ncemane, Interim CEO for South Africa’s NOC, PetroSA, adding, “When it comes to infrastructure, we see value in having invested in that infrastructure, even as we witness changes in attitude towards energy sources.”

On the mid- and downstream fronts – in addition to the East African Crude Oil Pipeline – the country is inviting foreign investors to fund a series of infrastructure projects, both in-country and across the region. Representing a relatively new market, opportunities for players across the refining, transportation, service provision, and associated industries are growing.

“We currently have a project resource portfolio of about $15 million as a local entity,” stated Job Kahigwa, Chairman and CEO of construction company, ROHI Investment Ltd., adding, “For enabling Uganda’s supporting industries, we have a huge opportunity to source from the country’s population to promote and develop local content while engaging in partnerships with other local entities.”

Meanwhile, the country’s boasts substantial renewable energy resources, with over 80% of its generation mix being driven largely by hydropower. Meanwhile, it was noted that the country is poised to increase its generation capacity two-fold by 2040, largely driven on the back of renewable energy.

“Today, our energy mix is largely driven by hydropower, so we are boasting an energy mix where only 7% is driven by hydrocarbons,” stated Eng. Ps. Irene Batebe, Permanent Secretary for the Ministry of Energy and Mineral Development of Uganda, adding, “Our total installed capacity is over 2,000 Mw, but in our ambitious plan to industrialize, we are looking to increase our generation capacity by 52,000 MW by 2040.”

Taking place in Cape Town from 16-20 October, #AEW2023 is held under the theme, ‘The African Energy Renaissance: Prioritizing Energy Poverty, People, the Planet, Industrialization and Free Markets’. AEW is the African Energy Chamber’s annual event, uniting African energy stakeholders with global investors to discuss the future of African energy.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more information and updates about Africa’s premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

Business

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

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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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