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We’ve Got to Get Serious About Ending Gas Flaring in Africa (By NJ Ayuk)

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oil and gas investments

To fight flaring effectively, all actors — from consumers to governments to investors — must embrace natural gas

JOHANNESBURG, South Africa, December 4, 2023/APO Group/ — 

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org).

In an era when Africa needs oil and gas investments more than ever, attracting those investments has become increasingly difficult.

Part of the challenge lies in the mounting pressure on oil companies to shift their focus from exploration and production to investments in renewable energy in response to global emissions-reduction goals.

The perception that African energy assets are more carbon-intensive than average certainly has not helped. I could simply laugh at this absurd claim, point out that our entire continent produces less than 10% of global upstream emissions, and move on with my day. As our newly released “The State of African Energy 2024 Outlook Report notes, when compared to other global regions, Africa may not have the lowest oil and gas extraction emissions, but it certainly does not have the highest.

Nevertheless, myths about carbon-intensive African energy assets are hurting our oil and gas industry.

And that makes a very real African problem, excessive gas flaring, all the more disheartening.

We need to end this practice immediately.

The environmental implications are obvious — if Africa stopped flaring tomorrow, then the continent’s upstream emissions would decrease by half. Flaring releases methane, soot, and nitrous oxide into the atmosphere. Locals who breathe air near flaring sites have complained of poor eyesight, chronic headaches, and difficulty breathing — and those are just the functioning flaring sites. Flaring-related accidents have also led to severe burns and deaths.

Yet despite these horrific effects, the practice continues. Annually, global regions flare enough gas to power all of sub-Saharan Africa. Well-intentioned regulations on flaring often fall short because they don’t address the core problem: When oil developers encounter gas, they must deal with it or risk deadly accidents. Unfortunately, the physics behind compressed gas explosions does not care about government fines or restrictions. For companies that still lack the infrastructure to reinject or transport the gas, flaring isn’t just the safest and cheapest option — it’s the only option. How can states significantly reduce flaring, much less end it?

There has never been a better time to create operator-friendly policies and treat natural gas as a vital tool

The answer is simple: Treat the symptom, not the disease. Flaring happens because raw gas is a nuisance to many developers; they lack the resources to reinject or treat, store, transport, and market it. To fight flaring effectively, all actors — from consumers to governments to investors — must embrace natural gas.

I was pleased to see African leaders doing so at COP27, and hope that we continue the momentum. While reinjecting gas into the ground also has its place, I firmly believe that African nations should focus on monetization. Natural gas burns cleaner than any other fossil fuel, generates electricity, and serves as feedstock in fertilizer production. Because it can also power grids in conjunction with developing renewables like wind and solar, it serves as an excellent tool for a green energy transition. More than 600 million Africans subsist without electricity — it’s common sense to use the gas that oil companies would otherwise waste. And those are just the potential domestic uses — as more Western nations seek to divest from Russian gas, they increasingly turn to African exports. The transition from flaring to monetization will not happen overnight, but I am encouraged to see progress from states like Egypt, Nigeria, and Algeria.

Open to Investors

Since 2016, Egypt has reduced its overall gas flaring by 26%. Lower flaring often accompanies a corresponding drop in oil production, but that was not the case in Egypt — oil production only lowered by 16% during the same period. This 10% decrease in flaring intensity owes much to Egypt’s 2017 energy reforms, which gave consumers and private companies access to its national gas grid. (Prior to this change, only its national oil company purchased Egyptian natural gas.) These changes also greatly encouraged foreign investment through practical measures, such as cutting waiting times for permit approval. Since then, Egypt’s natural gas production has risen by over 24 billion cubic meters. The investor-friendly environment also made gas recapture projects possible — both majors like Shell and IOCs Pharos and Apache have successfully implemented flare-to-power projects. Simply put, cutting the red tape and encouraging investment brought Egypt an energy boom — one that enabled greener practices.

Sub-Saharan Steps

Nigeria and Algeria, by contrast, remain two of the largest flarers globally — despite harsh penalties on their books for illegal flaring. However, hope may be on the horizon: Both nations lowered their flaring intensity this year, not just their total flaring volumes. Nigeria-based oil companies have begun using gas to power their operations, and Algeria’s investments in both reinjection and recapture technology are beginning to pay off. While neither sub-Saharan nation is ready to commercialize the recaptured gas, they have taken a valuable step in the right direction.

Breaking the Cycle

Gas flaring often comes down to a vicious PR cycle. Faced with environmentalist pressure, investors avoid hydrocarbon projects. Lacking funds and certainty about the future, oil developers shy away from up-front costs of implementing reinjection and recapture technology. Said developers resort to gas flaring, which sparks more bad press.

This self-fulfilling prophecy hurts the entire energy industry, but particularly Africa’s: As we point out in our 2024 Outlook Report, African energy assets face higher scrutiny. However, the narrative has begun to change on natural gas. Many African states have stepped up to help Europe replace Russian gas supplies, and African leaders presented a united front at COP27. There has never been a better time to create operator-friendly policies and treat natural gas as a vital tool. Let’s start by investing in projects that reinject and recapture flared gas. Burning this resource was always harmful and wasteful. In a time of rising gas prices, flaring makes about as much sense as lighting cash — and our planet — on fire. 

Download our 2024 Outlook at: https://apo-opa.co/3QLEoHd.

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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