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Unlocking Africa’s Hydrocarbon Potential: Key Exploration Projects to Watch in 2025

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Hydrocarbon

The African Energy Week: Invest in African Energies 2025 conference will showcase the high-impact exploration drilling campaigns shaping the continent’s energy future

CAPE TOWN, South Africa, February 5, 2025/APO Group/ — 

Africa’s oil and gas industry continues to attract investment as new discoveries and frontier basins drive exploration activity across the continent. In 2025, several high-impact projects will shape the sector, offering opportunities for resource development and economic growth. As the continent’s premier oil and gas event, African Energy Week (AEW): Invest in African Energies 2025 will provide critical insights into ongoing and upcoming exploration activities, including high-impact drilling campaigns in Namibia, Angola, Libya and more. With discussions centered on investment, infrastructure and regulatory frameworks, the conference will highlight how these projects can drive economic growth and energy security.

TotalEnergies’ Venus Appraisal – Namibia

Following the massive Venus-1 discovery in 2022, TotalEnergies is intensifying its appraisal efforts in Namibia’s Block 2913B. The Venus prospect is believed to contain one of the largest oil accumulations ever found in sub-Saharan Africa. In 2025, additional drilling and well testing will help confirm reserve estimates and guide development planning. If commercial viability is established, Venus could be a game-changer for Namibia, attracting significant investment in infrastructure and production facilities.

Azule Energy’s Exploration Wells – Angola

Azule Energy, a joint venture between bp and Eni, is ramping up exploration efforts in Angola as the country seeks to sustain and expand its oil production. In 2025, the company plans to drill multiple offshore wells across its deepwater blocks, focusing on high-potential prospects in the Lower Congo and Kwanza Basins. With Angola aiming to attract new investment and maintain output amid maturing fields, Azule Energy’s drilling campaign is expected to play a crucial role in identifying new reserves and extending the country’s production horizon. Success in these wells could reinforce Angola’s position as a leading oil producer in Africa while driving further exploration interest in its offshore acreage.

Africa Oil Corp.’s Deepwater Activity – Nigeria 

The African Energy Chamber (AEC) will continue working with governments and the oil companies to attract foreign investment

In 2025, Nigeria’s offshore drilling activity will include continued development in key deepwater fields. Africa Oil Corp. is advancing drilling plans at the Akpo and Egina fields, following a successful infill production well at Akpo. Meanwhile, a new seismic acquisition at the Agbami field, completed in late 2024, is being processed ahead of a scheduled drilling campaign in 2026. These efforts aim to enhance production and optimize resource recovery in Nigeria’s offshore sector.

ReconAfrica’s Onshore Drilling – Namibia

While offshore exploration dominates headlines, onshore activity in Namibia’s Kavango Basin is also drawing attention. Canadian company ReconAfrica is continuing its drilling program in 2025, aiming to prove the existence of a working petroleum system in this frontier basin. Early results have been inconclusive, but new wells could provide the breakthrough needed to confirm hydrocarbon potential. Success here would open up a vast new exploration play, adding to Africa’s onshore energy resources.

Eni’s Sirte Basin Program – Libya

Eni remains committed to expanding its upstream operations in Libya. In 2025, the Italian major plans to drill new offshore wells in the Mediterranean, focusing on previously identified prospects with high hydrocarbon potential. The company has confirmed shallow, deepwater and ultra-deep offshore plays and currently has four exploration wells in its 2025 pipeline, including an offshore drilling campaign in the Sirte Basin by the end of the year.

“Oil and gas is the lifeblood of our civilization, therefore exploration is the arteries and veins. We need to continue promoting policies that can fast-track exploration. The African Energy Chamber (AEC) will continue working with governments and the oil companies to attract foreign investment, streamline project implementation, and reduce bureaucratic bottlenecks. We will see results at AEW: Invest in African Energies in Cape Town South with G20 leaders participating for the first time,” stated NJ Ayuk, Executive Chairman, AEC. 

Distributed by APO Group on behalf of African Energy Chamber.

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Events

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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