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We Want to Remain Open for Investment, Says Namibia’s Petroleum Commissioner

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Petroleum

Speaking during a webinar on Guyana-Namibia upstream trends, Namibia’s Petroleum Commissioner at the Ministry of Mines and Energy Maggy Shino provided an update on the country’s exploration activities, stating that the country is open for investment as new exploration campaigns kick off

JOHANNESBURG, South Africa, June 28, 2023/APO Group/ — 

The African Energy Chamber (AEC) (www.EnergyChamber.org) partnered with global energy and commodities information provider S&P Global Commodity Insights for a webinar on June 27. Exploring the respective upstream markets of Guyana and Namibia, the webinar – moderated by Verner Ayukegba, Senior-Vice President at the AEC and Justin Cochrane, African Upstream Regional Research Director, S&P Global Commodity Insights – provided insight into ongoing exploration efforts across both countries, with presentations investigating how Namibia – as a relatively new upstream play – can learn from Guyana’s experiences.

Namibia has quickly risen to become a highly attractive E&P market, with three major discoveries made in 2022 and 2023 incentivizing a strong slate of regional and global players to the country’s offshore basins. Eager to maintain this exploratory momentum, Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, stated that for now, the government has no plans in place to change the current licensing structure in the country, but rather, it is committed to ensuring that the upstream market is “open for investment. We don’t want to force companies to make a decision in a licensing round but want to remain open for investment so that companies come when they are ready.”

According to Shino, “We have an ongoing drilling campaign with three rigs currently busy drilling appraisal and exploration wells. We are expecting two more wells to be drilled before the end of 2023 in the deep waters.” She added that the southern African country is seeing a rise in seismic surveys, and by the end of the year, the government is planning to announcement a series of drilling projects that will take place during 2024. 

To date, the Orange Basin represents the only de-risked acreage in Namibia, however, ongoing seismic campaigns in the Namibe and Walvis Basins are likely to reveal sizeable finds, particularly following successful exploration campaigns in the Angolan side of the offshore acreage.

Notwithstanding E&P incentives, Shino explained that the country is seeing heightened interest by global players, owing largely to Namibia’s attractive fiscal and regulatory environment. She stated that, “as a country, there is a benefit of being a late comer because we have gained insights from other countries on how to maximize our [legislation].”

We have an ongoing drilling campaign with three rigs currently busy drilling appraisal and exploration wells

While other countries continue to face challenges associated with environmental concerns, Namibia’s position as a new market has enabled the country to include environmental provisions in the drafting of its legislation. This has not only enhanced its attractiveness as an investment destination but ensures the protection of the environment – a top priority for the southern African country. According to Shino, “the Environmental Management Act has taken into consideration many scenarios to ensure industry growth as well as environmental sustainability. We continue working with civil society to ensure that our laws improve and will continue to provide the much-needed protection of the environment.”

Meanwhile, as a nascent energy market, Namibia has the opportunity to learn from those that went before it. Historically, resource-rich countries have all witnessed an ‘oil boom,’ a trend in which only the communities directly connected to energy developments reap the rewards. However, Namibia is committed to turning this trend around, implementing a number of local content mechanisms to enhance value addition and economic prosperity. According to Shino, the country is turning to its neighbors including Angola, Nigeria, Equatorial Guinea and others to strengthen local content ahead of first oil and gas. The government is also prioritizing economic diversification to ensure the development of various segments of the economy, with tourism having been identified as a top industry.

Shino also provided insight into the country’s potential Organization of Petroleum Exporting Countries (OPEC) membership, stating that “we see great value that an organization like OPEC has in managing the dynamics of the market to ensure that the industry strives. We would like to join at the right time.”

While the offshore basins of Guyana and Namibia show few geological similarities, the timelines by which exploration efforts were undertaken and major discoveries were made are remarkably similar. Both countries witnessed over 50 years of exploratory efforts which yielded few results. However, following initial major discoveries, the pace at which developments, as well as associated E&P campaigns, kicked off rapidly accelerated.  

According to Joaquim de Azevedo, Principal Petroleum Economist for Upstream Solutions at S&P Global, the contribution towards GDP growth by the oil and gas sector will trigger an increase in wealth and improvement regarding the well-being of the population of both countries. He said both countries have fiscal terms which are attractive to global investors and are both prioritizing the rollout of gas-to-shore facilities to meet local demand using domestic resources.

Erik Meyer, Senior Technical Research Analyst at S&P Global, added that Guyana and Namibia both rank among the world’s top 25 basins by identified reserves, with Guyana leading at 18 billion barrels of discovered hydrocarbons while Namibia ranks high with its Venus and Graff-1 discoveries. Meyer emphasized that the discoveries made in the southern African country has “unlocked Namibia’s deepwater potential, with a number of prospects not yet explored in the Orange Basin. There is a lot of potential in the basin and we could see future large-scale discoveries.”

For Guyana, the country made 30 discoveries offshore, finds which have enabled further exploration as revenue increases. Similarly, with its three discoveries made to date, Namibia, according to Cody Schulte, Senior Technical Research Analyst, Upstream at S&P Global, is well positioned to attract a new wave of funding. He said that both countries are similar in the fact that testing and drilling across ultra-deep waters have been key for players present in Namibia and Guyana.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Events

Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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