Connect with us
Anglostratits

Business

What’s Next for African Upstream? African Energy Week (AEW) 2025 to Explore 2026 Market Trends

Published

on

Nigeria

The event will explore upcoming upstream trends in Africa, with insights shared by speakers from ExxonMobil, Renaissance Africa Energy, Heirs Energies and S&P Global Commodity Insights

CAPE TOWN, South Africa, July 16, 2025/APO Group/ –With Africa’s upstream capital expenditure expected to reach $54 billion by 2030, the continent is gearing up for significant growth. A rise in frontier drilling, untapped resources in proven petroleum plays in tandem with growing global demand for sustainable fuels is expected to drive spending, with African licensing rounds further supporting investments. Amid this growth, key challenges come to the fore, including access to financing and maximizing output at mature fields. As such, the question remains: what’s next for African upstream?

This year’s African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town – will feature a series of presentations and panel discussions tackling this very question. A panel discussion on Frontier Plays Within Africa’s Mature Basins will examine strategies for unlocking additional reserves at mature assets. Speakers include Katrina Fisher, Managing Director at ExxonMobil Angola; Layi Fatona, Chairman of the Board, Renaissance Africa Energy Company; and Osayande Igiehon, Managing Director and CEO, Heirs Energies. As operators focus on perseverance and value creation from late-life assets, the session will explore the benefits of repurposing mature fields to meet anticipated energy demand.

Ahead of the panel discussion, Dan Pratt, Head of Upstream Solutions at global energy and commodities information provider S&P Global Commodity Insights, will deliver a presentation on What’s Next for African Upstream in 2026. The presentation will unpack key challenges and opportunities across the continent’s upstream market. Additionally, Tony Attah, Managing Director and CEO of Renaissance Africa Energy Company, will participate in a Fireside Chat, delving into ongoing projects and future investment strategies.

In 2026, Africa’s upstream sector is set to receive a major boost, with investments by companies such as ExxonMobil set to unlock new reserves as mature fields. In Angola, the company targets greater production at legacy assets, leveraging policies such as the Incremental Production Initiative to bolster output. In June 2025, the company signed a production sharing contract extension for Block 17 offshore Angola. The extension enables the ongoing use of existing infrastructure and technical expertise to maximize value from the mature field. This follows a discovery made by ExxonMobil in 2024 at the Likember-01 research well. The first find under the country’s Incremental Production Initiative, the discovery showcases the potential for greater production.

Meanwhile, Renaissance Africa Energy Company – a consortium of independent oil and gas companies – is also positioning itself at the forefront of Africa’s upstream sector. The company is investing $15 billion across 32 oil and gas projects over the next five years, aiming to establish itself as a prominent player in Nigeria’s Niger Delta region. This follows the $1.3 billion acquisition of Shell Petroleum Development Company of Nigeria, affirming the company’s role in the country’s upstream sector. For Heirs Energies, investing in both producing and exploration assets is a top priority. As operator of OML 17 in Nigeria, the company has doubled production from 25,000 barrels per day (bpd) to 50,000 bpd since the block’s acquisition from Shell in 2021. Looking ahead, the company strives to replicate this success in other markets and is eyeing new investment opportunities in the Republic of Congo – one of Africa’s biggest oil producers.

The AEW: Invest in African Energies 2025 panel discussions and presentations will explore the impact these investments will have on Africa’s upstream sector. Insights into anticipated drilling campaigns, upcoming projects and challenges will be shared, providing a comprehensive overview of the continent’s upstream market.

Distributed by APO Group on behalf of African Energy Chamber.

Home  Facebook

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

Published

on

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

Continue Reading

Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

on

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

Continue Reading

Business

MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

on

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

Continue Reading

Trending