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Equatorial Guinea: the African Development Bank reviews its $167 million project portfolio
The African Development Bank Group (www.AfDB.org/) held a joint review of its project portfolio in the Republic of Equatorial Guinea in Malabo from 27 to 31 October.
An action plan to improve the portfolio's performance was approved at the end of the meeting. Stakeholders plan to set up a coordinated project monitoring system, establish rigorous mechanisms for monitoring contractual commitments and ensure compliance with financial obligations as part of an action plan to improve the portfolio's performance.
The workshop, which brought together ministerial representatives, technical partners and project management teams, provided an opportunity to assess the effectiveness of the Bank Group's interventions in the country and to chart the course for future investments aligned with the government of Equatorial Guinea's Agenda 2035.
The review covered various projects, including the Public Finance Modernization Support Programme (PAMFP), the Support for the Development of Value Chains in the Fisheries and Aquaculture Sector (PASPA) (https://apo-opa.co/3LDvTyV) and the Feasibility study project for Support for the Strengthening of the Digital Ecosystem (PARED) (https://apo-opa.co/4nWt6yo).
The joint portfolio analysis highlighted several obstacles to project effectiveness: slow start-up, delays in setting up management units and delays in the issuance of no-objection notices by the Bank Group. Added to this are the teams' limited technical capacities and their lack of knowledge of the pan-African institution's procedures for procurement, disbursement and financial management.
"The Bank is developing close management relations with project management units and stepping up capacity building through targeted training in fiduciary management and monitoring and evaluation," said Mouhamed Gueye, Divisional Manager for Social Development and Human Capital for Central and North Africa, representing Léandre Bassolé, Director General of the Bank Group for Central Africa. "We are also maintaining close dialogue with partners to mobilize more co-financing under the 2026 lending programme and beyond," he added.
"This exercise had several objectives: to ensure that our actions are aligned with Agenda 2035, to review our project portfolio in detail, to identify shortcomings in their implementation and to assess their level of progress," explained Ladislao Ndong Ndong Bisó, Director General of Economic and Financial Organizations, representing Ivan Bacale Ebe Molina, Minister of Finance, Planning, Economic Development and the Budget. "The results will help define the direction and financing terms for future projects," he said.
Several complementary activities were organized following the workshop. In particular, a fiduciary clinic for project managers helped to strengthen their knowledge and understanding of the new accounting framework and the Bank's financial management rules and procedures. In addition, a €58.61 million loan agreement was signed between the Bank Group and Equatorial Guinea for the implementation of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH) (https://apo-opa.co/3K1xEFG). Finally, a field visit to the PASPA project allowed the Bank's delegation to note major progress in the construction of aquaculture infrastructure, which is scheduled for completion in the first quarter of 2026.
The Republic of Equatorial Guinea has been a member of the African Development Bank Group since 1975. The institution's first financing dates back to December 1978 for a cocoa tree regeneration project worth nearly $9 million. To date, Equatorial Guinea has benefited from 53 operations financed by the Bank Group, with a cumulative commitment of $337.30 million.
The Bank Group's active portfolio in Equatorial Guinea comprises six projects with a cumulative value of approximately $167 million. These investments are strategically distributed across several key sectors: social sector (42.2 percent), agriculture (38.6 percent), governance (18.5 percent) and communications, ICT and energy (0.7 percent).
Distributed by APO Group on behalf of African Development Bank Group (AfDB).Media contact:
Solange Kamuanga-Tossou
Department of Communications and External Relations African Development Bank
email: media@afdb.org
African Energy Chamber G20 Forum Fireside Chats to Explore the Future of Africa’s Oil and Gas Value Chain
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The African Energy Chamber's G20 Africa Energy Investment Forum (https://EnergyChamber.org/) – taking place on November 21 in Johannesburg – will host two exclusive fireside chats that will unpack the future of Africa's oil and gas value chain, exploring how upstream growth, midstream diversification and downstream modernization can accelerate investment across the continent. At a time when African governments and companies are repositioning themselves for new exploration, refining upgrades and energy-transition aligned strategies, these dialogues will highlight the role of global partnerships in driving Africa's energy and climate goals.
Oando PLC has set a strong example for how independent oil and gas companies can position themselves at the helm of African energy diversification. By evolving from a trading and downstream company into one of sub-Saharan Africa's most competitive and integrated groups, the company is not only expanding its investments but unlocking the potential of the continent's oil and gas value chain. Recent developments reflect this approach. In 2024, the company acquired Eni's Nigerian Agip Oil Company in a move that widened its upstream portfolio. The company also launched Oando Mining – focusing on developing lithium and other critical minerals -, while reinforcing its downstream and marketing business.
These efforts reflect a commitment to a diversified energy portfolio, one that many independents can mirror across the continent. During the G20 Forum, Tinubu will participate in a fireside chat on Strategy, Growth and Expansion: From Upstream to Energy Diversification. The session will offer insight into the company's energy strategy, opportunities for African independents in Africa and the need to expand the continent's oil and gas value chain.
“Africa's oil and gas value chain is full of untapped potential, and companies like Oando are proving what is possible when African champions lead from the front. Oando's growth story shows that with the right capital and the right partnerships, African companies can drive transformative expansion across the entire value chain,” states NJ Ayuk, Executive Chairman, African Energy Chamber.
Meanwhile, the South African National Petroleum Company (SANPC) – the country's newly-formed state entity – has set its sights on accelerated project development, with a view to strengthening supply chains and enhancing fuel security. In addition to pursuing upstream projects, the SANPC has committed to transforming the country's midstream sector through the revival of strategic refining infrastructure. Lack of investments have long-plagued the country's refineries, leading to an over-reliance on imports that have made South Africa vulnerable to supply disruptions. However, the SANPC strives to turn this trend around. Key projects include the revitalization of the SAPREF refinery and reinstatement of the Gas-to-Liquids refinery. The company aims to bring the 180,000 barrel per day SAPREF facility back online following a closure in 2022, boosting capacity to between 400,000 bpd and 600,000 bpd in the long-run.
A fireside chat at the G20 Forum will unlock the role these infrastructure projects will play in the country's energy future. The discussion will feature the SANPC's CEO Godfrey Moagi, who is expected to share insight into strategies for strengthening the country's oil and gas supply chain. The discussions takes place under the theme Repositioning the National Champion: Refinery Modernization and De-Risking South Africa's Supply Chain, providing investors with exclusive insights into South Africa's midstream expansion strategy.
“South Africa's energy security hinges on strengthening its downstream infrastructure, modernizing refineries and building a supply chain that is resilient, competitive and future-ready. SANPC is positioned to play a pivotal national role, but unlocking this vision requires global finance, technology partnerships and strategic investors who are willing to back long-term refinery upgrades and fuel-security projects,” Ayuk added.
With global interest in Africa's energy markets rising and new policies across multiple countries seeking to accelerate upstream and downstream investment, the G20 Africa Energy Investment Forum's fireside chats promise to provide strategic clarity and actionable insight for investors, national companies and international financiers seeking to expand their footprint across the continent.
To register for the Forum click here (https://apo-opa.co/4pewDcs).
Distributed by APO Group on behalf of African Energy Chamber.Eskom’s Chief Nuclear Officer to Advance Africa’s Nuclear Agenda at AEC G20 Investment Forum
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Eskom's Chief Nuclear Officer, Velaphi Ntuli, is set to speak at the African Energy Chamber's (AEC) (https://EnergyChamber.org/) G20 African Energy Investment Forum, where he will spotlight the pivotal role of nuclear energy in shaping a reliable, sustainable and inclusive power future for Africa. As the continent intensifies efforts to expand access to affordable electricity and transition toward cleaner energy systems, Ntuli's participation comes at a time of renewed interest in nuclear technology as a cornerstone of long-term energy resilience.
Eskom's Koeberg Nuclear Power Station, located near Cape Town, is not only South Africa's sole nuclear power facility but also the largest in Africa. The plant has been a critical contributor to South Africa's energy stability since it was commissioned in the 1980s, providing around 5% of the country's electricity. Today, Koeberg stands as a symbol of Africa's engineering capabilities and a testament to the role nuclear energy can play in reducing carbon emissions while ensuring grid reliability.
Koeberg is undergoing a significant life extension project, aimed at extending the facility's operational lifespan by another 20 years and delivering approximately 1,860 MW of baseload power. The initiative represents a major milestone in Eskom's strategy to secure South Africa's electricity supply and underscores its commitment to maintaining nuclear power as part of a diversified energy mix – an essential factor in reducing the nation's dependence on coal and accelerating its path toward a low-carbon economy.
The AEC's G20 African Energy Investment Forum – held ahead of the G20 Summit – seeks to position Africa's energy sector at the center of global investment discussions. By bringing together African leaders, investors and development institutions, the forum will emphasize how targeted capital flows can transform Africa's energy landscape, create jobs and drive industrialization. Within this framework, Ntuli's contribution will be critical in highlighting how nuclear power can complement renewable energy, stabilize grids and support the manufacturing and industrial growth necessary for long-term economic development.
Nuclear power remains one of the most efficient and low-carbon energy sources available, offering baseload electricity that can underpin Africa's growing economies. As the global energy transition accelerates, many African nations are exploring nuclear energy not only as an alternative to fossil fuels, but as a catalyst for domestic industrialization, technology transfer and skills development. South Africa's experience through Eskom and Koeberg provides valuable lessons for other African countries looking to establish or expand their nuclear programs, including Ghana, Kenya and Egypt.
“Eskom's Koeberg station demonstrates what Africa can achieve when we commit to long-term, technically sound and locally driven energy solutions. As we work to make energy poverty history, nuclear power offers an opportunity for Africa to strengthen energy security, create high-quality jobs and drive industrial growth,” states NJ Ayuk, Executive Chairman of the AEC. “The conversation at the G20 African Energy Investment Forum is about ensuring that Africa is not left behind in the global energy transition – and leaders like Ntuli are showing the way forward.”
As global energy markets evolve, the inclusion of Africa's nuclear ambitions in high-level investment discussions is both timely and essential. By bringing nuclear energy into the heart of the G20 agenda, the forum aims to attract new partnerships, enhance policy alignment and showcase Africa's readiness to lead in clean, reliable power generation.
To register for the Forum click here (https://apo-opa.co/3WWgNHa).
Distributed by APO Group on behalf of African Energy Chamber.Stryk Global Diplomacy to Highlight United States (U.S.)-Africa Energy Investment Collaboration at African Energy Chamber G20 Forum
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Stryk Global Diplomacy, a premier Washington D.C.-based public affairs and government relations firm, will participate in the African Energy Chamber's (https://EnergyChamber.org/) G20 Africa Energy Investment Forum in Johannesburg on November 21. The firm will be represented by Bryce Dustman, Global Managing Partner, who is expected to share insights on strategic investment, international partnerships and energy policy engagement across Africa's fast-evolving energy markets.
Working closely with international partners to strengthen bilateral relations, promote energy investment and advance sustainable development goals through strategic advocacy and engagement, Stryk Global Diplomacy has become one of the most influential advisory firms connecting governments and corporations with policymakers in the U.S.
Dustman's participation comes at a time when the firm has deepened its collaboration with African institutions and stakeholders. Earlier this year, Stryk Global Diplomacy partnered with the African Energy Chamber – the voice of the African energy sector – to advocate for enhanced U.S. engagement in Africa's oil and gas sectors and to promote an Africa-centric approach to energy development. This initiative underscores the shared commitment between African and international stakeholders to address energy poverty, expand infrastructure and attract private investment into critical projects across the continent.
Stryk Global Diplomacy's work with clients across Africa – including governments and private-sector leaders – has focused on enhancing trade, improving policy transparency and supporting investment strategies that align with both U.S. and African economic priorities. The firm's growing footprint reflects its commitment to fostering global partnerships that promote stability, energy access and economic opportunity.
As such, at the G20 Africa Energy Investment Forum, Dustman will be well-positioned to highlight the importance of strategic diplomacy and cross-border investment frameworks in driving Africa's energy growth. With many African nations prioritizing industrialization and electrification, Stryk Global Diplomacy's experience in navigating the intersection of policy, finance and governance positions the firm as a key contributor to discussions on creating stable, investor-friendly environments.
“Bryce Dustman's participation at the G20 Africa Energy Investment Forum reinforces the importance of diplomatic engagement in accelerating Africa's energy transformation. Strategic cooperation between Africa and its international partners will be vital in scaling investment, strengthening institutions and ensuring the continent's resources drive meaningful development,” states NJ Ayuk, Executive Chairman, African Energy Chamber.
As global investors and policymakers convene in Johannesburg, Stryk Global Diplomacy is expected to help shape new pathways for collaboration and investment – unlocking opportunities across energy, infrastructure and industrial development throughout Africa.
To register for the Forum click here (https://apo-opa.co/3LNuMwB).
Distributed by APO Group on behalf of African Energy Chamber.CORRECTION: Big 5 Global features international solutions, strengthening resilient supply chains for Africa’s construction and infrastructure growth
- Over 65 countries exhibit, with 70% of solutions being international, connecting African construction stakeholders to global suppliers and technology providers
- Over 2,800 exhibitors showcase low-carbon solutions, modular builds, energy-efficient systems and prefabrication methods that reduce waste and improve resource use
Across the Middle East, Africa and South Asia, urbanization is reshaping economies at unprecedented speed. With more than half the world's population now living in cities, a figure expected to reach nearly 68% by 2050, according to the United Nations, Africa is witnessing massive demand for housing, transport and urban development projects. As project volumes grow, industry leaders are turning to Big 5 Global (www.Big5Global.com) to explore technologies and solutions that strengthen construction supply chains, improve technological efficiency and advance sustainability.
Bringing together participants from over 165 countries, with 70% solutions from international companies, Big 5 Global connects Africa's construction and urban development ecosystem to a global network of suppliers, manufacturers and technology providers.
Strengthening global supply chains for project efficiency
Big 5 Global brings together 2,800 exhibitors and over 60,000 products, services, systems and solutions from around the world, supporting efficient, reliable project delivery.
International pavilions from Germany and Italy return with expertise in advanced materials, including high-performance concrete, cement, marble and stone systems, while India expands its footprint with advanced MEP and smart construction solutions for large-scale projects across the Middle East and Africa. Returning pavilions, Austria and Pakistan, showcase export-ready innovations in modular builds, interiors and MEP systems designed to reduce costs and streamline delivery. Additionally, exhibitors from Armenia, Croatia, Hungary, Jersey, New Zealand, Norway and Serbia further broaden sourcing options for buyers seeking diversified and reliable supply routes.
“As Africa accelerates its infrastructure development agenda, collaboration across borders has become vital to advancing sustainable and resilient construction,” said Lufuno Ratsiku, President, South African Council for the Projects and Construction Management Professions (SACPCMP) and Managing Director, Gentec Consulting. “Big 5 Global provides an essential meeting point for this exchange, connecting implementers, policymakers and innovators under one roof. Beyond theoretical discussion, it enables high-impact dialogue on urban development, construction and technology solutions, helping position Africa's industry professionals at the forefront of regional growth and resilience.”
As supply networks evolve to meet regional demand, technology is driving the next phase of efficiency in project delivery and procurement.
Technology transforming procurement and project delivery
Digitalization is transforming how projects are procured, managed and executed. At Digital Construction World, global exhibitors including Autodesk, Nemetschek Group, Odoo, Premier Construction Software, Procore Technologies, RIB Software and Trimble showcase technologies that enhance visibility and efficiency across the supply chain. Odoo integrates procurement, HR and operations into a single suite, reducing redundancies; Premier Construction Software simplifies cost tracking and project management; Trimble leverages automation to cut site rework by up to 25%, directly improving delivery times and project profitability; and Meter Technology demonstrates its fully integrated digital solution that transforms surveying and engineering, eliminating decades-old inefficiencies.
Eng. Ahmed Al-Ansary, Chairman, Founder & CEO of Meter Technology, commented: “Meter transforms surveying and engineering from traditional to tech-driven. As the world's first fully integrated digital platform, we've eliminated decades-old inefficiencies. Our AI-powered system completes complex projects within 48 hours with exceptional precision across nine countries. Big 5 Global offers the opportunity to connect with industry leaders and explore sector development worldwide under ‘From the UAE to the World', where geospatial and engineering digital innovation forms the foundation of real estate sustainability.”
Sustainable manufacturing and smarter material supply
International exhibitors are also rethinking how materials are produced, transported and reused to reduce environmental impact while improving long-term value.
China's new Eco-Friendly Zone is built entirely from recyclable materials and features solutions for low-carbon construction, showcasing how sustainability can be integrated throughout the supply chain.
Among key participants, Grundfos Gulf Distribution leads with energy-efficient pumping systems that reduce water and energy use in commercial and industrial facilities. Deewan Equipment Trading LLC introduces modular and precast manufacturing plants that cut onsite waste and shorten construction schedules through prefabrication. Hitech Concrete Products showcases precast hollow-core and insulated wall systems designed for thermal efficiency and reduced raw material consumption, advancing sustainable construction practices across the region.
GF, a leading provider of MEP solutions and sustainable building technologies, returns to Big 5 Global to showcase its advanced systems that support efficient construction workflows and environmentally responsible project delivery. "The region is pursuing one of the world's most ambitious development programs, where sustainable water management is key to realizing this vision. GF is uniquely positioned to support this progress through its comprehensive solutions portfolio, our local presence including manufacturing, offsite-manufacturing and customer experience facilities, long-standing regional partnerships and dedicated teams who understand the market's unique challenges," said Michael Rauterkus, Executive Committee member of GF and President of GF Building Flow Solutions.
These contributions highlight how collaboration with global manufacturers helps the UAE advance smart cities and net-zero goals.
“As rapid urbanization increases demand for project efficiency, quality and delivery, the global construction landscape must accelerate efforts toward net-zero goals and cross-sector collaborations,” said Josine Heijmans, Senior Vice President, dmg events. “Big 5 Global continues to connect government entities, international manufacturers and regional stakeholders, helping strengthen construction supply chains and advance sustainable growth across the built environment.”
Big 5 Global is supported by leading sponsors and partners, including Ministry of Energy & Infrastructure, Dubai Civil Defense, Ministry of Economy and Tourism, Dubai Municipality, Department of Municipalities and Transport, Ras Al Khaimah Municipality, Riyadh Region Municipality, Meter Technology, Schüco, Alumil, Italian Trade Agency, Arabian Gulf Steel Industries (AGSI), GF, Dubai Investments Park, Würth Professional Solutions, MIE Groups, Daikin, Hisense, TCL, Gulf-O-Flex, DAC Group, DeWalt, Nassar Stone and Nemetschek Group.
Distributed by APO Group on behalf of Big 5 Global.For media inquiries, please contact:
Deepra Ahluwalia
Action PR
deepra.a@actionprgroup.com
971 56 477 0995
Nour Ibrahim
Action PR
nour.i@actionprgroup.com
971 54 425 0187
Khushie Mallya
PR Executive
Construction, dmg events
khushiemallya@dmgevents.com
Ranju Warrier
Head of PR & Communications
Construction, dmg events
ranjuwarrier@dmgevents.com
About Big 5 Global:
With a 45-year legacy, Big 5 Global is the largest and most influential building and construction event in the Middle East, Africa and South Asia and the annual meeting hub for the global construction industry. Taking place from 24 – 27 November 2025, at the Dubai World Trade Centre, Big 5 Global attracts more than 85,000 global attendees from over 165 countries and 2,800 exhibitors to UAE covering the full construction and urban development cycle across dedicated sectors and nine specialized events enabling industry professionals to source worldwide building solutions for every stage of construction: Heavy, Totally Concrete, Marble & Stone World, Urban Design & Landscape, Windows, Doors & Facades, HVACR World, LiveableCitiesX, GeoWorld and Future FM.
For more information and to register, visit: www.Big5Global.com
Consultancy Firms Join African Energy Chamber G20 Forum Amid Rise in African Oil and Gas Transactions
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Leading consultancy companies have joined the African Energy Chamber's (AEC) (https://EnergyChamber.org/) G20 Africa Energy Investment Forum, taking place November 21 in Johannesburg. Acha Leke, Chairman, McKinsey & Company Africa, and Simon Van Wyk, Director of Sustainability & ESG, Deloitte Africa, are expected to shed light into Africa's evolving energy landscape, examining how global investors perceive African opportunities and strategies for advancing investment across the continent.
Their participation comes as Africa enters a period of rapid growth, driven by increased Merger & Acquisition (M&A) activity and continental efforts to alleviate energy poverty. Heightened M&A activity is expected to be fueled by strategic realignments among global independents, international oil companies and indigenous operators. At the same time, a slate of upcoming licensing rounds is expected to attract new investment across the oil and gas market, increasing spending across both mature and frontier basins. As international companies turn their focus on the continent, consultancy companies with a deep understanding of the market are expected to play a role in facilitating transactions, instilling investor confidence and supporting companies as they navigate the changing dynamics of the industry.
McKinsey & Company Africa has been a long-standing advisor to governments, national oil companies and investors across the continent, providing strategic guidance on industrial policy, infrastructure and energy transition planning. The company helps clients pursue sustainability, inclusion and growth, aligning closely with Africa's broader goals of advancing both an energy transition and strengthening energy security. By integrating robust analytics and policy insight, the firm is helping African governments create data-backed pathways toward industrialization and energy diversification. Its work underscores the importance of transparency and competitiveness in making African markets more attractive to global financiers.
Meanwhile, Deloitte continues to support the growth of Africa's energy sector through a range of services – from audit and assurance to consulting to tax and related services. The company currently has offices in 12 African countries and a presence in 17 as well as the ability to serve 52 nations across the continent. The company is committed to supporting clients navigate Environmental, Social and Governance trends, providing clients with the tools to align their operations and investments with international standards. As Africa's oil and gas sector continues to grow, these services will be instrumental in supporting companies as navigate the complexities of the global energy transition.
“Improved market intelligence and clearer risk perception are transforming how investors view Africa's oil and gas markets. For too long, outdated assumptions and incomplete data have inflated Africa's perceived risk profile. Firms like McKinsey and Deloitte are changing that narrative, providing the insights, analytics and governance frameworks that allow investors to see the continent for what it truly is: a dynamic, high-return opportunity. By driving transparency and data-led decision-making, they are helping unlock the capital Africa needs to develop its resources responsibly and competitively,” states NJ Ayuk, Executive Chairman of the AEC.
As the continent positions itself at the center of global energy supply diversification, collaboration with strategic advisors such as McKinsey and Deloitte will be essential. Their insights on risk management, policy innovation and ESG alignment will help ensure that Africa's oil and gas growth story is not only profitable but also sustainable and inclusive.
To register for the Forum click here (https://apo-opa.co/3LFpsLN).
Distributed by APO Group on behalf of African Energy Chamber.South Africa’s South African National Energy Development Institute (SANEDI), South African Oil & Gas Association (SAOGA) and Industrial Development Corporation (IDC) to Represent National...
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Leaders from three of South Africa's premier regulatory and energy institutions will take the spotlight at the African Energy Week G20 Africa Energy Investment Forum, taking place on November 21 in Johannesburg. The lineup includes Titus Mathe, CEO, South African National Energy Development Institute (SANEDI); Adrian Strydom, Executive Director and CEO, South African Oil & Gas Association (SAOGA); and a senior representative from the Industrial Development Corporation (IDC).
The participation of these institutions underscores South Africa's strong representation in discussions on energy development, investment and industrial growth across the continent.
In 2025, SANEDI has emphasized governance, energy efficiency and innovation, achieving an “outstanding performance” review for the 2024/25 financial year by meeting all performance targets and securing a fourth consecutive clean audit. The institute launched a digitalization laboratory to enhance national energy modelling and alignment with the Integrated Resource Plan 2025 and is promoting the registration of large buildings for Energy Performance Certificates before the December 7, 2025, deadline.
SANEDI also recently issued a request for proposals for an electric mobility project, partnered with financial institution Standard Bank's LookSee platform to introduce energy and carbon certification for homes, and has been directed by South Africa's Minister of Electricity and Energy Dr. Kgosientsho Ramokgopa to develop recommendations to improve electricity affordability. Additionally, SANEDI has been appointed the Secretariat for the Energy Transitions Working Group under South Africa's G20 Presidency.
SAOGA continues to play an active role in supporting southern Africa's oil and gas industry through partnerships and policy engagement. In October 2025, the association led a trade mission to Namibia to explore opportunities arising from recent offshore discoveries and hydrogen developments, while also facilitating dialogue on the Upstream Petroleum Resources Development Act. The organization has leveraged its expertise to spotlight domestic gas resources for prospective investors, including the potential of the Orange Basin.
The IDC, meanwhile, continues to anchor South Africa's industrial finance landscape. In 2025, it raised R2 billion through its first sustainability bond, appointed Mmakgoshi Lekhethe as CEO and established a new board chaired by Gloria Serobe. The corporation recently signed a MoU with financial institution KfW Development Bank to bolster green hydrogen development and also recently reported strong investment activity in South Africa totaling R15.9 billion, leading to the creation of 17,826 jobs.
In August 2025, the IDC renewed its long-standing collaboration with the Public Investment Corporation through a new MoU, enabling joint investment and project co-development across multiple sectors. previous collaborations between the two entities led to significant renewable energy investments and the creation of thousands of jobs nationwide.
The presence of SANEDI, SAOGA and the IDC at the G20 Africa Energy Investment Forum highlights South Africa's leadership in advancing institutional cooperation, industrial development and investment-driven growth on the African continent.
“South Africa's institutions continue to play a critical role in shaping the continent's energy and industrial landscape. Their participation at the G20 Africa Energy Investment Forum reaffirms the importance of collaboration and investment in driving Africa's economic future,” states NJ Ayuk, Executive Chairman, African Energy Chamber.
To register for the Forum click here: http://apo-opa.co/47UKayN.
Distributed by APO Group on behalf of African Energy Chamber.Afreximbank calls for Africa’s Sustainable Development and Industrialisation, Just Energy Transition at United Nations Climate Change Conference (COP30)
At the ongoing 2025 United Nations Climate Change Conference (COP30) in Belem, Brazil, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is strategically advocating for a climate agenda that aligns with Africa's sustainable development and industrialisation ambitions as outlined by its President, Dr. George Elombi.
The Bank's delegation is advocating for a pan-African climate narrative that builds on the outcomes of the African Climate Summits and previous COPs. Afreximbank's engagements are anchored on the core principles of the AU Agenda 2063: The Africa We Want, and emphasizes the critical role of the African Continental Free Trade Area (AfCFTA) in building climate-resilient economies.
A central pillar of the Bank's advocacy involves mobilising climate finance primarily to support adaptation aspirations of its member countries and ensuring the swift and effective operationalisation of the Loss and Damage Fund. The Bank is also pushing for African countries, who are disproportionately affected by climate events despite contributing less than 4% of global emissions, to receive adequate compensation and to develop the necessary domestic structures to access these funds.
Aligned with President Dr. George Elombi's vision, Afreximbank is spotlighting the continent's immense potential in value addition and strategic minerals processing. Instead of exporting raw materials, the Bank is championing financing for entire value chains, such as transforming the Democratic Republic of Congo's lithium into batteries, to position Africa as a hub for clean technology and create high-skilled jobs.
The Bank is also urging for a just and equitable energy transition that recognizes Africa's right to address its energy poverty, which leaves over 600 million people without electricity. This includes a balanced approach that integrates renewable energy sources while responsibly utilising transitional fuels like natural gas to power industrialisation.
The Bank also seeks to draw attention to Africa's biodiversity which is a key source of climate resilience absorbing harmful emissions. Afreximbank is committed to helping its member countries to monetise their biodiversity to further help its fight against the debilitating impact of climate change.
Furthermore, Afreximbank is showcasing its financial initiatives, such as the Afreximbank Trade Transformation Fund (ATTF) as one of its key vehicles for de-risking and financing green projects across the continent.
At COP30, the Bank's participation includes high-level dialogues, thematic panels, and side events, including activities at the African Pavilion and a planned session with Liberia on establishing a carbon markets authority.
Commenting on Afreximbank's participation at COP30, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank at Afreximbank, stated:
“Our mission at COP30 is clear: to ensure that Africa's voice is not only heard but heeded. Our approach is one of proactive transformation, adding value to our abundant minerals, powering our industries with a sustainable energy mix, and leveraging the AfCFTA to build resilient, integrated economies. We are leveraging our influence to mobilise Global African capital and demand a globally recognised and supported framework for our continent's just energy transition that ensures comprehensive climate action actively serves and reinforces Africa's ambitions for development and industrialisation.”
Distributed by APO Group on behalf of Afreximbank.Media Contact:
Vincent Musumba
Manager, Communications and Events (Media Relations)
Email: press@afreximbank.com
About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank's total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.
MSGBC 2025 Panel to Explore How Green Hydrogen Can Power West Africa’s Energy Transition
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This year's MSGBC Oil, Gas & Power 2025 (www.MSGBCOilGasAndPower.com), taking place December 8-10 in Dakar, Senegal, will feature a dedicated session on Green Hydrogen: Advancing Africa's Advantage and the Rise of Regional Production Alliances. The panel will explore green hydrogen production in the MSGBC basin, emerging regional partnerships and the potential for large-scale industrialization and export.
The session will bring together leading figures in the sector, including Taghiya Abeidarrahmane, Director of Low Carbon Hydrogen, Ministry of Petroleum and Energy, Mauritania; Thierry Lepercq, Founder and CEO, Hydeal Ambition; Prof. Dr. Stefan Liebing, CEO, Conjuncta GmbH; and Mike Scholey, CEO, CWP Global.
Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region's oil, gas and power sector. Visit www.MSGBCOilGasAndPower.com to secure your participation at the MSGBC Oil, Gas & Power 2025 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Mauritania (https://apo-opa.co/4nRpM7m) is at the forefront of green hydrogen developments in the MSGBC region, with projects leveraging solar and wind resources for industrial-scale hydrogen production. In March 2025, renewable energy company CWP reached a milestone with geological, hydrogeological and seabed bathymetric studies completed for its 30 GW Aman Project – setting the foundation for a facility that aims to produce up to 1.7 million tons of green hydrogen and 10 million tons of green ammonia annually. In February 2025, Danish company GreenGo Energy (https://apo-opa.co/4i3AUNw) signed a framework agreement with the Mauritanian government to develop the 6 GW Megaton Moon Project, securing access to over 100 000 hectares near Nouakchott. The initial phase of the project aims for 500 MW electrolysis, 600 MW onshore wind and 600 MWp solar PV by 2029, producing approximately 339 000 tons of green ammonia annually.
Meanwhile, a 10 GW project developed by renewable energy companies Conjuncta, Masdar and Infinity (https://apo-opa.co/47SpwPF) is in the feasibility phase, targeting an annual output of 8 million tons of green hydrogen. Phase 1 – a 400 MW installation – is scheduled for 2028. The panel is set to unpack how projects of this size are being structured, financed and aligned with national strategies for export‑scale hydrogen hubs, while also examining the emerging regional alliances shaping distribution networks.
Under Mauritania's Green Hydrogen Code and accompanying roadmap, the country is establishing institutional, fiscal and customs frameworks to support large‑scale hydrogen investment. Models include shipping hydrogen as ammonia, developing green iron using domestic mining coalitions and exploring subsea pipelines for export to Europe. As such, panelists during the Green Hydrogen: Advancing Africa's Advantage and the Rise of Regional Production Alliances session are expected to examine how regulatory and export infrastructure mechanisms align with production projects in the region.
“The session will showcase how Africa's green hydrogen projects are moving from vision to reality,” notes Sandra Jeque, Events and Project Director, Energy Capital & Power, adding, “By connecting international investors, regional developers and policymakers, MSGBC Oil, Gas & Power 2025 highlights pathways for scaling green hydrogen production and strengthening regional collaboration.”
Distributed by APO Group on behalf of Energy Capital & Power.
