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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.

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Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

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June 24, 2026

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Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

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

 

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Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

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June 24, 2026

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The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

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Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

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June 24, 2026

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In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

BAKU, Azerbaijan, June 23, 2026/APO Group/ —

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

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