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West Africa and the MSGBC Region Showcase a Hive of Exploration Activities

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hydrocarbon expansion

With west Africa and the MSGBC region emerging as a hub for oil and gas exploration, this year’s MSGBC Oil, Gas & Power summit offers a platform to strike lucrative exploration deals for Africa’s hydrocarbon expansion

DAKAR, Senegal, July 6, 2022/APO Group/ — 

Due to limited investments across Africa’s upstream sector in recent years coupled with the negative impacts of COVID-19 on the global economy, the African continent has witnessed a decline in exploration activities resulting in a shrinking number of discoveries across the continent’s rich basins. However, with exploration making a strong comeback across west Africa, specifically in the MSGBC region, Africa’s oil and gas sector is set to witness unprecedented growth.

The MSGBC Oil, Gas & Power 2022 conference (https://bit.ly/3urJu0P), which takes place from 1 – 2 September 2022 under the patronage of H.E. President Macky Sall (https://bit.ly/3usNWwk) in Dakar, will explore the upstream potential of west Africa and the collective MSGBC region. Explored in conjunction with the significance of regional resources for driving African energy security, discussions are set to unlock new strategies for positioning the continent as a global energy giant.

Owing to the region’s previous discoveries such as Senegal’s Yakaar-Teranga, Mauritania’s Orca and Ivory Coast’s Baleine, an increasing number of international independents and majors are showing interest in the region with multiple exploration projects lined up for 2022 and beyond. Moreover, with countries such as Senegal, Mauritania, Ghana and Ivory Coast successfully hosting Africa’s top explorers in the last five years, an increasing number of exploration companies are set to enter or expand footprints in the area in their search of lucrative discoveries.

Exploration and production firms flocking to MSGBC and west African countries highlight the region’s openness and ease of doing business

According to the The African Energy Chamber’s “State of African Energy” report, up to 19 high impact wells will be drilled between 2022 and 2023 in Africa with the majority of them located in east and west African countries. With Senegal and Ivory Coast expected to award licensing rounds in 2022 and 2023, the region is set to become a hydrocarbon exploration hive. Market intelligence firm, Rystad Energy, forecasts that a 30% increase in exploratory drillings will be recorded across the region in 2022, compared to 2021 levels. Already, exploratory drilling has increased by 50% in 2022 compared to pre-COVID levels as energy firms rally to participate in west Africa and the MSGBC region’s oil expansion and gas rush.

Eni has announced plans to expand drilling in the Baleine-2 appraisal well in the Ivory Coast while Kosmos Energy is expanding its operations in Mauritania and Senegal, with the Africa Oil Corporation boosting investments in the Senegal and Guinea-Bissau Joint Development Zone. Other firms including Bermuda-based BW Energy and U.S. based VAALCO Energy will also be exploring in Gabon and Ghana, while Australia’s FAR announced plans to invest in exploration activities in the Panthera, Jatto and Malo prospects of The Gambia.

Exploration and production firms flocking to MSGBC and west African countries highlight the region’s openness and ease of doing business. In this regard, the MSGBC Oil, Gas & Power 2022 conference is committed to connecting policymakers, energy industry leaders and investors to discuss business development and policy requirements to boost exploration investments.

With the energy transition taking center stage and the demand for gas expanding, the MSGBC Oil, Gas & Power summit is providing west African gas with a global launchpad whilst also optimizing oil production to accelerate the diversification of Africa’s energy mix for energy poverty alleviation and the reduction in imports.

Under the theme, ‘The Future of Natural Gas: Growth Using Strategic Investment and Policymaking’, the MSGBC Oil, Gas & Power summit will explore the future of the region’s energy sector and discuss critical solutions to optimizing exploration activities across the MSGBC region’s largely untapped basins.

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

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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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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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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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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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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