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Seychelles and United Arab Emirates (UAE) Presidents Commit to Deepened Bilateral Ties
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Dr. Patrick Herminie, President of the Republic of Seychelles, met today with His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, on his first international mission since assuming office.
The official visit, extended at the invitation of the UAE President, marks a significant step in strengthening the robust friendship and cooperation between the two nations. The meeting served to formally establish a strong personal connection between the two leaders and reaffirm their mutual interest in elevating the bilateral partnership.
Key Discussion Points and Mutual Commitments
President Herminie extended his personal congratulations and the sincere best wishes of the Government and people of Seychelles to His Highness, the Government, and the people of the UAE on the occasion of their 54th National Day.
His Highness Sheikh Mohamed bin Zayed Al Nahyan provided an overview of the UAE's remarkable transformation from its foundational years into a modern, advanced nation, attributing this success to the determined vision of its founding fathers.
President Herminie conveyed the profound appreciation and gratitude of Seychelles for the UAE's decades-long support in the national development of the islands. This vital cooperation spans critical sectors including:
* Infrastructure Development
* Renewable Energy
* Health and Education
* Maritime Security
These contributions have yielded lasting and meaningful benefits for the people of Seychelles.
Future Cooperation
His Highness Sheikh Mohamed reaffirmed the UAE's steadfast commitment to continuing collaboration with Seychelles, supporting the ambitious goals of the new administration. The leaders specifically discussed furthering cooperation in the following priority areas:
* Nation Building
* Education
* Maritime Security
* Technological Development
The meeting concluded with both leaders wholeheartedly reaffirming their commitment to commencing a new chapter in Seychelles-UAE relations. They pledged to advance cooperation to new heights, building upon a shared history of close collaboration and enduring friendship for the mutual prosperity of both nations.
Distributed by APO Group on behalf of State House Seychelles.Minister of Planning, Economic Development, and International Cooperation meets with the International Monetary Fund Mission to present developments in economic and structural reforms and...
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H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, received the International Monetary Fund (IMF) Mission visiting Egypt within the framework of the implementation of the 5th and 6th reviews of the Economic Reform Program. The meeting included a presentation on the most prominent developments in economic and structural reforms and the growth model under “Egypt's Narrative for Economic Development,” in addition to the growth rates achieved during the first quarter of the current year, and the State's efforts regarding private-sector empowerment and strengthening public investment governance. The meeting was attended by a number of senior officials of the Ministry.
During the meeting, H.E.Dr. Rania Al-Mashat reviewed the developments in GDP growth announced by the Ministry of Planning, Economic Development, and International Cooperation for the first quarter of the current fiscal year, which reached 5.3%, exceeding expectations explaining that the most important feature of this growth is the continued improvement in industrial production and the increase in growth rates of several industries such as vehicles, textiles, and ready-made garments—reflecting the State's shift toward high-productivity, tradable sectors.
The Minister of Planning, Economic Development, and International Cooperation also pointed out that, for the first time, the “Quarterly GDP Note” issued by the Ministry includes the structural reforms implemented during the period, which were reflected in positive developments in the economy, thereby reinforcing the principles of transparency and governance in presenting economic reform indicators.
H.E. added that with the continued pace of economic and structural reforms, we expect the Egyptian economy to achieve growth of at least 5% by the end of the current fiscal year. She also presented the Public Investment Governance Report for last fiscal year, which is a fundamental pillar for maintaining macroeconomic stability and enhancing the efficiency of resource allocation, adding that commitment to the investment ceiling of EGP 1 trillion last year opened the way for greater private-sector investment.
The Minister of Planning, Economic Development, and International Cooperation noted that the government launched “Egypt's Narrative for Economic Development,” which represents a comprehensive framework achieving integration between Vision 2030 and the Government Program, as well as transforming sectoral strategies and directions into clear indicators and targets. It also promotes the transformation of the Egyptian economic growth model to focus more on production and exports.
H.E. also noted that the State is implementing the programs-and-performance methodology, that enhances the monitoring and evaluation system and the periodic review of national, sectoral, and spatial policies and objectives through the “Adaa” System, and its role in strengthening the commitment of all units to provide all information and data that allow for the monitoring and evaluation of programs, projects, and activities, which reflects on the effectiveness of the development plans implemented and the targets set, and ensures the efficiency of public spending by linking the allocated appropriations to the results to be achieved.
In a related context, H.E. Dr. Rania Al-Mashat spoke about the State's efforts to implement the State Ownership Policy Document to empower the private sector, and to establish the State-Owned Enterprises Unit to maximize the benefits of these companies, explaining that the unit has clear powers to implement the most appropriate scenarios for state-owned companies.
The reforms implemented by the ministry to facilitate resilience and flexibility were also presented, which include adding two new projects to the “NWFE” Program to enhance the transition toward renewable energy, as well as a review of the executive position of climate-responsive public investment management reforms undertaken by the Ministry of Planning, Economic Development, and International Cooperation, particularly with regard to integrating environmental dimensions into the methodology and criteria for evaluating and selecting investment projects included in the plan, studying the climate changes to which investment assets may be exposed and developing measures to address these changes, and increasing the number of green projects included within the “NWFE” Country Platform.
Al-Mashat reaffirmed that the government is continuing with reform efforts to increase growth, enhance economic resilience, achieve development, and create job opportunities.
Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation - Egypt.Eco-Navitas Alliance Ignites Fresh Momentum in Africa’s Exploration Landscape
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The African Energy Chamber (AEC) (https://EnergyChamber.org) strongly supports Eco Atlantic's newly announced Strategic Partnership with Navitas Petroleum, which stands to reinvigorate exploration activity across Southern Africa and reinforce investor confidence in the continent's most prospective offshore basins. Signed on December 3, 2025, the framework and option agreements mark a major step forward in aligning financial strength, technical capability and long-term vision to advance high-impact opportunities in South Africa's Orange Basin.
Navitas' initial $2 million payment grants exclusive farm-in options for both Block 1 CBK in South Africa and the Orinduik Block offshore Guyana, underscoring the breadth of the strategic alliance. At Block 1 CBK – where Eco currently holds a 75% operated interest through its subsidiary Azinam South Africa – Navitas' $4 million option, if exercised within the six-month window, would see the company assume operatorship and secure up to a 47.5% working interest. Eco would be fully carried through the exploration work program under a gross $15 million carry.
Block 1 CBK lies within the Orange Basin, one of the most sought-after petroleum frontiers today. Following major discoveries offshore Namibia and renewed momentum on the South African side of the basin, investor appetite is surging. Yet early-stage opportunities still require companies willing to commit real resources, rigorous technical work and operational depth. The AEC views Navitas' willingness to enter as a clear indication of confidence in the basin's long-term potential.
“This partnership is a strong vote of confidence in South Africa's upstream potential. Eco Atlantic has been a committed explorer for more than a decade, and Navitas brings technical excellence and financial capacity that can accelerate drilling and unlock long-awaited exploration activity. This is exactly the type of collaboration Africa needs – bold, well-funded, and focused on execution,” states NJ Ayuk, Executive Chairman of the AEC.
In addition to the direct potential for Block 1 CBK, the agreement includes provisions for Navitas to participate in Eco's broader African portfolio, including a possible 25% stake in PEL97, PEL99 and PEL100 offshore Namibia, as well as in Azinam Limited's Block 3B/4B offshore South Africa. This multi-asset alignment signals a long-term commitment to the continent, ensuring that exploration momentum is sustained across multiple licenses rather than concentrated on a single prospect.
For South Africa, the timing could not be better. The country is seeking to reduce its dependence on imports, stabilize its electricity supply and develop domestic energy value chains. Accelerated upstream activity is essential to achieving these goals. The AEC has repeatedly emphasized that South Africa must convert prospective geology into producing assets, and partnerships like Eco–Navitas are critical pathways toward that outcome.
The Chamber also supports the financial mechanisms built into the partnership. Eco's carry under both the Block 1 CBK Option and the Orinduik Option in Guyana demonstrates a pragmatic approach to risk allocation that enables smaller independents to participate meaningfully in high-impact drilling campaigns. Such structures should be encouraged across the African exploration landscape, as they reduce barriers to entry and strengthen the overall competitiveness of the region's upstream sector.
Eco Atlantic's leadership, including CEO Gil Holzman, has consistently demonstrated unwavering commitment to African frontiers. With Navitas joining as a potential operator, the Orange Basin gains another capable player ready to move assets forward at pace. As the partnership advances, the AEC encourages swift regulatory facilitation to ensure drilling progresses without delay. The continent's energy future depends on ambitious exploration, pragmatic partnerships and a clear commitment to investment, with the Eco–Navitas alliance embodying all three.
Distributed by APO Group on behalf of African Energy Chamber.African Development Bank approves landmark $1.78 billion strategy to support transformation of Namibia’s economy and create jobs
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The African Development Bank Group's (www.AfDB.org) Board of Directors has approved a Country Strategy Paper (CSP) for Namibia committing $1.78 billion to support economic transformation and inclusive growth in the 2025-2030 period.
The financing is expected to pave the way job for creation and economic diversification while also addressing key challenges facing of the world's most unequal countries: youth unemployment exceeds 40 percent, and per capita income has fallen from $5,942 in 2012 to $4,240 in 2024.
"This strategy marks a pivotal moment for Namibia's development," said Moono Mupotola, the Bank Group's Deputy Director General for Southern Africa and Country Manager for Namibia. "By focusing on strategic infrastructure and human capital development, we are laying the foundation for inclusive growth that will benefit all Namibians, particularly the young."
The strategy focuses on two priorities. The first is investment in transport, energy, and water infrastructure to reduce business costs, enhance productivity, and establish Namibia as a regional logistics hub. These investments will strengthen trade facilitation under the African Continental Free Trade Area, enhance energy security through renewables, and expand rural access to clean water and sanitation.
The second priority aims to boost human capital through market-relevant technical and vocational training that creates pathways from education to employment, providing support for the development of micro, small, and medium enterprises (MSMEs), and advancing women's economic empowerment.
Implementation is expected to diversify the economy beyond mining and agriculture, integrate MSMEs into regional value chains, and enhance manufacturing capabilities while creating thousands of direct and indirect jobs.
Infrastructure improvements will increase electricity access from 59.5 percent towards universal coverage, enhance trade connectivity with Angola and Zambia, and reduce logistics costs. The strategy also supports Namibia's climate commitments and positions the country as a leader in green hydrogen.
"Recent U.S. tariff impositions and official development assistance cuts have created additional pressures on Namibia's economy," said Mupotola. "Our strategy strengthens resilience by diversifying export markets, enhancing regional integration, and building domestic productive capacities."
The strategy builds on the Bank's decade-long track record in Namibia, where it has invested $658.1 million in projects including the expansion of Walvis Bay Port, railway upgrades, and 27 educational institutions across all 14 regions.
The Namibia CSP aligns with the Bank Group's Four Cardinal Points, Namibia's Vision 2030, and Africa's Agenda 2063. Implementation begins immediately, with the first operations expected in early 2026.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).Media Contact:
Emeka Anuforo
Communication and External Relations Department
email: media@afdb.org
A Major Win for Namibia as ReconAfrica Delivers Kavango West 1X Hydrocarbon Discovery
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The African Energy Chamber (AEC) (https://EnergyChamber.org) strongly welcomes the announcement by Reconnaissance Energy Africa of a successful hydrocarbon encounter at the Kavango West 1X well on Petroleum Exploration Licence (PEL) 73, onshore Namibia. The results represent one of the most meaningful milestones yet for the country's onshore energy potential and reaffirm Namibia's position as one of the most attractive frontier markets for exploration in Africa and globally.
On December 3, ReconAfrica reported that the Kavango West 1X well was safely drilled to a depth of 4,200 meters, with results confirming a substantial section containing hydrocarbons. The well encountered a significant zone of oil- and gas-bearing rock, with more than 60 meters of confirmed hydrocarbon pay and additional hydrocarbon shows in deeper intervals. These results not only highlight the geological prospectivity of the Damara Fold Belt but also support ongoing modeling that suggests significant development potential across ReconAfrica's six-million-acre lease position. The Company has announced plans to production-test the well during the first quarter of 2026, an important next step in confirming deliverability and commerciality.
The AEC applauds the efficiency and technical excellence of the operation, which was completed safely, on schedule and on budget. For Namibia – one of the continent's fastest-emerging exploration hotspots – this progress reinforces the importance of sustained upstream investment, supportive regulatory frameworks and strong cooperation between operators, government and communities.
A Boost to Onshore Development and Local Jobs
Namibia's offshore discoveries in recent years have garnered significant global attention, but onshore exploration has long represented an equally important pillar for long-term energy security and economic diversification. ReconAfrica's latest results bring renewed confidence to the role onshore resources can play in creating employment, stimulating local supply chains and accelerating industrialization.
Every stage of the Kavango West 1X campaign – from seismic acquisition to drilling and upcoming testing – has generated local business opportunities and direct jobs for Namibians. Continued success in PEL 73 would unlock new rounds of contracting, infrastructure development and capacity building, particularly in logistics, field services, community development programs and environmental management.
Commitment to Community Partnerships
The AEC also recognizes ReconAfrica's ongoing engagement with communities in the Kavango regions, including local partnerships and capacity-building efforts carried out during its exploration activities. The company's proactive approach to stakeholder dialogue, transparency and collaboration sets a strong precedent for how frontier exploration should be conducted in Africa.
An expanding onshore industry offers the potential for long-term socioeconomic impact in northern Namibia, bringing new opportunities for young people, small businesses and local authorities, while supporting the country's broader development goals.
A Step Forward for Africa's Energy Future
With Africa seeking to balance energy security, economic growth and responsible resource development, Namibia continues to shine as a continental success story. The Kavango West 1X results strengthen Africa's case for sustained exploration, particularly at a time when global capital allocation is increasingly selective and competition for investment is fierce. By moving promptly toward production testing, ReconAfrica is demonstrating its long-term confidence in Namibia's potential. The AEC encourages continued collaboration with national regulators, environmental authorities, and community stakeholders to ensure timely and responsible progression toward appraisal and, ultimately, development.
“This discovery is a big win for Namibia and a big win for Africa. ReconAfrica's progress is proof that committed investors, supportive policies and strong community partnerships can unlock real energy opportunities onshore,” states NJ Ayuk, Executive Chairman of the AEC, adding that “These results strengthen confidence in the Damara Fold Belt and reaffirm Namibia as a global exploration hotspot. The Chamber fully supports this next phase of testing and encourages continued investment that creates jobs, builds capacity and drives long-term economic growth for Namibians.”
Distributed by APO Group on behalf of African Energy Chamber.Building Africa’s Next Industrial Frontier: The Role of Sustainable Aviation Fuels (By Henok Teferra Shawl)
By Henok Teferra Shawl, Boeing managing director for Africa (www.Boeing.com).
Sustainable aviation fuel (SAF) presents a strategic opportunity not only to reduce lifecycle emissions but to retain value in African economies and create skilled jobs.
Today, Africa imports most of its jet fuel, sending billions of dollars off the continent each year and leaving airlines and governments vulnerable to volatility of oil prices and currency shocks. At the same time, Africa's diverse agricultural and renewable resources provide a strategic advantage for SAF production. Domestic SAF production could help address structural cost disadvantages facing African airlines — higher jet fuel prices, weak supplier competition, low procurement volumes, and higher taxes.
The World Bank (https://apo-opa.co/4pfameJ) projects Sub‑Saharan Africa will see a major working‑age population expansion by 2050 and capturing this demographic dividend depends on creating skilled jobs at scale. SAF value chains – from feedstock cultivation to refining and logistics – can drive employment and economic growth. Turning this potential into production requires coordinated action across three mutually reinforcing areas: feedstock, policy and finance.
Today, SAF carries a price premium due to limited production. Africa's abundant renewable energy resources and diverse feedstocks could make the continent a key contributor to bringing costs down – an industrial opportunity not to be missed.
From years of research in Africa and globally, including a 2019 study (https://apo-opa.co/4iCdXAY) with WWF South Africa and the International Institute for Applied Systems Analysis, and a 2023 study (https://apo-opa.co/4atc87s) in Ethiopia and South Africa with the Roundtable on Sustainable Biomaterials (RSB), Boeing has found that data‑driven local feedstock assessments are the essential first step.
Building on this experience, Boeing and RSB are engaging other African countries to assess sustainable feedstock potential and SAF production capacity to support creation of a regional SAF ecosystem and inform national policies. Convening governments, research bodies and airlines will help produce credible baselines for such work.
SAF can cut carbon emissions by up to 80% over the fuel's lifecycle compared to conventional jet fuel. However, in order to achieve the aviation industry's decarbonization goal, SAF production worldwide must grow from anticipated 2 million tons in 2025 (https://apo-opa.co/49XflfA) to roughly 500 million tons within 25 years (https://apo-opa.co/3Kf8X8Z), according to the International Air Transport Association (IATA).
SAF will not scale overnight, hence maximizing the impact of every liter of SAF must be paired with reducing fuel demand. Modern airplanes like the Boeing 737 MAX and 787 Dreamliner help airlines cut fuel burn and lower operating costs. In Africa, where about 70% of future deliveries are narrowbody airplanes and intraregional connectivity is a priority, efficient airplanes can expand routes and support trade and tourism while the industry is working to scale SAF supply.
Working together we can turn Africa's potential into local industries, jobs, connectivity and shared prosperity. Building sovereign SAF markets while accelerating fleet modernization and operational efficiency can power that transformation and unlock lasting economic benefits across the continent.
Distributed by APO Group on behalf of Boeing.Congo’s Upstream Expansion Signals New Era for Central Africa’s Energy Future
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The Republic of Congo is entering a period of rapid growth, with upstream expansion across both the oil and natural gas industries positioning the country as a strategic anchor for Central Africa's energy development. With the start of operations at Congo LNG Phase 2, goals to reach 500,000 barrels per day (bpd) in oil production and bold reforms across its regulatory landscape, the Republic of Congo is sending a strong message to foreign investors: Central Africa is open for business and committed to realizing large-scale projects.
Natural Gas: A Cornerstone of Congo's Energy Strategy
Natural gas has emerged as a cornerstone of Congo's energy strategy, with recent advancements in LNG development reflecting the nation's commitment to bringing projects online efficiently and at pace. Brought onstream six months ahead of schedule and 35 months after construction began, the Congo LNG Phase 2 project began operations in December 2025. Part of the broader Congo LNG development, phase two increases the project's capacity by 2.4 million tons per annum (mtpa), bringing the total output to 3 mtpa. Phase two features three production platforms as well as the Scarabeo 5 unit - dedicated to gas treatment and compression - and the Nguya FLNG unit. First cargo is expected to be exported in early 2026.
The milestone comes shortly after the country became an LNG exporter, with the start of Congo LNG Phase 1 - the country's first major offshore gas development - achieved in late-2023. The commissioning of phase two marks an extraordinary acceleration, reflecting a national drive to position gas as a catalyst for growth. Beyond Congo LNG, advancements are being made at the Bango Kayo project - spearheaded by China's Wing Wah and incorporating an integrated gas monetization component. Developed in several phases, the project will produce LNG, LPG, butane and propane for the domestic market, with scalable gas infrastructure unlocking up to 30 billion cubic meters of gas over 25 years.
The Quest for 500,000 BPD
Congo's oil sector has long-been a critical contributor to the regional economy, but the push toward 500,000 bpd represents a new level of ambition. Several developments are underway to achieve this goal. TotalEnergies is investing $600 million in exploration and production, with a focus on the Moho Nord field. Trident Energy is expanding its portfolio following its acquisition of Chevron's Congolese assets in 2024, while Perenco is advancing the Kombi 2 platform, with operations on track for early-2026.
Wing Wah is also gearing up for greater production with the September 2025 signing of a $23 billion hydrocarbon agreement for the development of the Bango Kayo, Holmoni and Cayo permits. The deal aims to ramp-up output across the permits to more than 1.3 barrels by 2050. This upstream resurgence comes at a time when Central Africa is facing widening demand for secure energy supplies. Congo's production growth strengthens the region's ability to meet both export commitments and domestic needs.
Regulation Fuels Opportunity
The Republic of Congo's upstream momentum is being fueled by policy frameworks. In the gas sector, the country is establishing a Gas Master Plan, offering a clear development framework for the sector. Speaking at African Energy Week (AEW) 2025, the country's Minister of Hydrocarbon Bruno Jean-Richard Itoua, also announced that Congo's new Gas Code will be launched this year, creating greater clarity and providing long-term governance. These policies complement the anticipated launch of a licensing round. While faced with delays, the upcoming round is expected to feature strategic block opportunities, supporting forays by international players. Platforms such as AEW - which returns to Cape Town from 12-16 October 2026 - further supports foreign investment by promoting opportunities, connecting players and showcasing Congo's energy strategy to a global audience.
“The Republic of Congo is showing the continent what is possible when you combine political will, strong partnerships and a commitment to monetizing the resources you have today - not 10 years from now. Billions of dollars in oil and gas opportunities are being unlocked and Congo's success is strengthening the entire Central African region. This is the kind of bold development Africa needs,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.The International Islamic Trade Finance Corporation (ITFC) and Trade and Development Bank Group (TDB Group) Celebrate Growing Partnership with New Commitments
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, and the Trade and Development Bank Group (TDB Group) have been collaborating for several years financing the trade of commodities which are critical to the food and energy security of TDB Group Member States.
Building on more than US$ 800 million in TDB participation in ITFC syndicated facilities, the multilateral financial institutions have committed to further expand their cooperation in 2026 and beyond. Toward this end, the partners just signed, in Abuja, a framework agreement to grow an existing ITFC Murahaba facility to TDB by US$100 million with a target to scale it up to US$200 million.
The signing took place on the sidelines of the 5th Arab Africa Trade Bridges (AATB) Program Board of Governors Meeting in Abuja, Federal Republic of Nigeria.
The proposed facility aims to support TDB Group's trade operations across key member countries, benefiting both the private and public sectors, supporting the import and export of strategic commodities and enhancing liquidity for essential sectors, particularly in markets where ITFC and TDB Group share development priorities.
Commenting on the signing, Eng. Adeeb Y. Al Aama, CEO of ITFC, highlighted, “Our cooperation with TDB Group continues to demonstrate how strategic partnerships can deliver real development impact on the ground. Through this renewed and expanded collaboration, we are reinforcing our shared commitment to enabling smoother trade flows, supporting private sector competitiveness, and advancing sustainable economic growth across the region.”
Admassu Tadesse, TDB Group President and Managing Director, said, “We are delighted to celebrate and continue elevating our partnership with ITFC, which has become a key partner for TDB Group for the trade of essential commodities in our region. We look forward to continue strengthening trade, investment and other ties between OIC and TDB Group countries.”
As both institutions continue to deepen co-financing efforts, this engagement reinforces their shared commitment to advancing economic integration, trade competitiveness, and private-sector growth across Africa.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).Contact Us:
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: ITFC@itfc-idb.org
Social Media:
Twitter: https://apo-opa.co/3XzxoRy
Facebook: https://apo-opa.co/3MmvZeA
LinkedIn: https://apo-opa.co/48jfbhl
About the International Islamic Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is the trade finance arm of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$90 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries' needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.
About TDB Group:
Established in 1985, the Trade and Development Bank Group (TDB Group) is an African regional multilateral development bank, with a mandate to finance and foster trade, regional economic integration, and sustainable development in Africa. TDB Group counts several subsidiaries and strategic business units including Trade and Development Banking, TDB Asset Management (TAM), the Trade and Development Fund (TDF), TDB Captive Insurance Company (TCI), the ESATAL fund management company and TDB Academy.
