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Africa Finance Corporation Secures US$75 Million Credit Line from the Arab Bank for Economic Development in Africa (BADEA) to Accelerate Infrastructure Development

Africa Finance Corporation (AFC)

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading infrastructure solutions provider, has secured a US$75 million term loan facility from the Arab Bank for Economic Development in Africa (BADEA). This landmark transaction deepens AFC's strategic partnership with BADEA.

The agreement was signed by H.E. Abdullah Almusaibeeh, President of BADEA, and Mr. Samaila Zubairu, President & Chief Executive Officer of AFC, as part of AFC Day, held during the B20 Summit in Johannesburg. The signing underscores the two institutions' shared commitment to scaling sustainable development and unlocking long-term capital for African infrastructure.

The collaboration builds on BADEA's shareholder investment in 2020, and the cooperation framework signed that year to jointly develop and finance infrastructure across priority sectors. This new facility reinforces BADEA's role as a strategic partner and strengthens AFC's capacity to deliver transformational infrastructure across the continent.

The proceeds will support AFC's mandate to develop and finance critical power, transport and logistics, heavy industries, telecommunications and digital infrastructure, as well as mining and natural resources. Through its established project development, structuring and execution capabilities, AFC will channel the capital into high-impact projects that catalyse economic transformation.

“As a shareholder of AFC, BADEA has been a valued and long-standing partner in advancing our mandate,” said Mr. Zubairu. “By deploying capital into sustainable, high-impact infrastructure, we continue to create pathways for inclusive economic growth across the continent.”

“BADEA and AFC have been strategic partners in advancing Africa's development agenda, with a remarkable track-record of syndicated transformative projects with medium to long-term financial instruments including equity participation,” said H.E. Abdullah Almusaibeeh, President of BADEA. “Today's signing of this USD75 million line of credit speaks volumes about BADEA's agility to respond to development needs with a variety of instruments of different maturities.”

The facility also supports AFC's broader strategy to diversify its funding base and mobilise long-term capital for Africa's development. By strengthening collaboration with shareholder institutions such as BADEA, AFC continues to expand its capacity to finance resilient infrastructure and advance sustainable economic development across the continent.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile: +234 1 279 9654
Email: Yewande.thorpe@africafc.org

BADEA 
Badea@badea.org

About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. The Corporation's approach combines specialist industry expertise with financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure needs and drive sustainable economic growth. Eighteen years on, AFC has built a track record as the partner of choice in Africa for delivering high-quality, transformational infrastructure assets that provide essential services across the continent. AFC has 47 member countries and has invested over US$17 billion since inception.

Visit www.AfricaFC.org

About BADEA:
BADEA is a rated multilateral development finance institution owned by 18 sovereign States, members of the League of Arab States which began operations in March 1975. The Bank's mission revolving around promoting social and economic development exclusively in Sub Saharan Africa, fostering cooperation between the Arab and the African regions through investment and trade.


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Africa Finance Corporation (AFC)
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Big 5 Global opens in Dubai as industry hails defining era of innovation in construction and urban development

dmg events

  •  ‘We have strengthened the readiness of the construction sector by updating regulatory frameworks, enabling the use of environmentally friendly building materials and expanding the adoption of smart technologies,' MoEI tells Big 5 Global Leaders' Summit
  • During a panel discussion focused on unlocking the power of geospatial data at the GeoWorld Summit, delegates hear that in Dubai the focus is always on balancing governance with quality of life
  • Day one product showcases include agentic AI ecosystems and a graphene-reinforced luxury concrete block with 24-karat gold finish

The 46th edition of Big 5 Global opened its doors today at Dubai World Trade Centre, bringing together international exhibitors, buyers and industry leaders for four days of product showcases, knowledge sharing and on-site collaboration, catering to the region's $9.18 trillion construction projects pipeline (Source: Ventures Onsite). Day one set the pace with active halls, packed sessions and strong participation across all features.

UAE Ministry of Energy and Infrastructure delivers opening keynote

Industry leaders, economists and policymakers converged at the Big 5 Global Leaders' Summit to examine how markets are shifting and what it will take to keep construction supply chains resilient.

Delivering the opening keynote for the summit was His Excellency Eng Yousif Abdalla, Assistant Undersecretary for Federal Infrastructure Projects Sector at UAE Ministry of Energy and Infrastructure, who highlighted how cooperation between public and private sectors remains essential to delivering projects that support economic diversification and national resilience.

“In the United Arab Emirates, we are committed to promoting the adoption of modern technologies in the construction sector and enabling a regulatory and economic environment that keeps pace with this progress,” he said. “We also encourage the use of environmentally friendly building materials, smart construction technologies and advanced data analytics in project management.

“Big 5 Global comes at a critical moment, as countries and institutions move towards smarter cities, more resilient infrastructure and projects that are more efficient in their use of resources and energy. Here, Big 5 Global plays a vital role as a global meeting point that brings together experts, innovators and companies to showcase advanced engineering solutions, exchange expertise and develop partnerships that support the transition toward a more sustainable and adaptable built environment."

‘A defining era of industrial innovation'

In the opening executive dialogue, Asam Hussain, CEO of Arabian Gulf Steel Industries, joined Dr Nicholas Fearnley, Global Head of Construction Forecasting at Oxford Economics, for a candid assessment of the steel industry's outlook. Their conversation addressed global demand trends, the shift towards low-carbon production models, and how locally sourced materials help reduce exposure to geopolitical and economic risks.

“Verified Net Zero steel gives developers' clarity on material choices,” Hussain said. “AGSI's traceable, locally sourced production offers among the lowest-carbon performance globally and supports reliable supply as regional construction needs grow.”

Angela Pernsteiner, Visionary Founder of Würth Professional Solutions, highlighted how transformational leadership and multi-generational business models are shaping new approaches to process efficiency, market positioning and strategic partnerships.

"The Middle East is entering a defining era of industrial innovation, and both the UAE and Würth Professional Solutions share a bold vision for its future,” said Pernsteiner. “With Würth Professional Solutions, we are not just expanding our footprint, we are investing in the region's long-term success.

“The UAE offers a dynamic growth environment, and we bring heritage, global expertise, and applied solutions to unlock its full potential. Our family believes in building solutions that empower industries with precision, reliability, and future-ready engineering. Big 5 Global marks an important milestone in this journey, demonstrating how shared vision and strategic collaboration can drive innovation and lasting impact."

Additional contributions throughout the day came from senior representatives of the Ministry of Public Works and Infrastructure South Africa, King Abdullah Financial District (KAFD), the Italian Trade Agency and Abu Dhabi's DMT and ADPIC, highlighting themes of diversification and long-term planning.

GeoWorld Summit discuss data governance

At the GeoWorld Summit, experts examined governance frameworks for geospatial data and the standards required for responsible use over the next decade. Key topics included data privacy, accuracy, interoperability, regulatory alignment and how AI and machine learning can support better decision-making.

Speaking on a panel session entitled Unlocking the Power of Geospatial Data: A Governance Framework for the Next Decade, Eng Maitha Al Nuaimi, Director of GIS Centre at Dubai Municipality, directly addressed the attending delegates, making it clear that the goal is always to improve the quality of life in the emirate while ensuring data security. Governance, she said, should never negatively affect quality of life, but rather enhance it regardless of whether that is for employees, residents, or visitors.

Eng Heba Matar Khalifa Alnofeli, Head of Asset Registry and Governance Section at Abu Dhabi's Department of Municipalities and Transport (DMT), added that data is fuel and the quality and safety of that data is key.

Product launches and exhibitor highlights

Day one also showcased a range of new products across building materials, smart technologies, tools, HVACR systems and finishing solutions. Exhibitors reported strong engagement from buyers seeking practical solutions that support cost efficiency, sustainability and project delivery.

GIM Black & Gold, exhibiting for the first time, is displaying their graphene-reinforced luxury concrete block with 24-karat gold finish this week. Designed for architectural icons and exclusive projects, Dr Vivek Koncherry, CEO, Graphene Innovations Manchester Ltd, called the launch of GIM Black & Gold Flooring at Big 5 Global “a milestone” for the luxury materials market.

“This patented 24k gold legacy surface delivers true uniqueness, scientific depth, and material excellence, perfectly aligned with the Middle East's drive for innovation and iconic design. To preserve exclusivity, access will be limited.”

Another new-to-market launch comes from Verosoft, a global provider of Enterprise Asset Management (EAM) solutions built on Microsoft Dynamics 365 Business Central. EAM is showcasing its latest innovation, mobiMentor AI, which is an agentic AI ecosystem designed to autonomously execute maintenance tasks, automate workflows, and support technicians with real-time, context-aware insights.

Rounding off the day one product showcases was PlanRadar, a digital platform helping transform construction and real estate workflows by combining task management, reporting, and AI-powered insights. At Big 5 Global 2025, the company is showcasing SiteView 360°, its AI Assistant for automated reporting, reality capture and visual documentation and instant audit-ready reports designed for QA/QC, inspections, and regulatory compliance.

“The opening day of Big 5 Global has certainly set the tone for the 2025 edition, spotlighting how industry transformation and the increasing adoption of technology and artificial intelligence is reshaping the way cities across the world are conceptualized, designed and built,” said Josine Heijmans, Senior Vice President, dmg events.

Big 5 Global runs until Thursday, 27 November, at Dubai World Trade Centre, welcoming industry professionals daily from 10am to 6pm. Registration remains open on-site.

Distributed by APO Group on behalf of dmg events.

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


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Big 5 Global opens in Dubai as industry hails defining era of innovation in construction and urban development
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“Unveiling the Secrets: Dive into Diana’s November 22 Quiz Answers!”

Discover the iconic Canadian rock band Doug and the Slugs, formed in Vancouver during the 70s and 80s. Known for their Top 40 hits like "Too Bad" and "Making it Work," this band left a lasting legacy in the music scene. Learn more about their history and influence in our latest article by Diana Filer on Africazine.

Suriname’s Economic Affairs Minister to Share Vision Built on Offshore Oil at Caribbean Energy Week (CEW) 2026

Energy Capital & Power
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Suriname's Minister of Economic Affairs, Entrepreneurship and Technological Innovation, Andrew Baasaron, will join Caribbean Energy Week (CEW) 2026 as a key speaker, where he is expected to offer insights into the country's long-term strategy amid one of the most significant energy transitions in its history. The inaugural event takes place from March 30 to April 1 in Paramaribo under the theme, “Leveraging Energy Diversity Across the Caribbean,” and will position Suriname's emerging offshore sector as a pillar of regional growth.

Minister Baasaron is expected to provide a detailed look at Suriname's plans for responsibly managing its upcoming oil revenues and translating resource wealth into wider economic development. Central to this vision is the $10 billion GranMorgu development in offshore Block 58 – operated by TotalEnergies and APA Corporation – which represents the largest industrial investment in Suriname's history. Targeting first oil in 2028, the project is designed to produce 220,000 barrels per day from an estimated 750 million barrels of recoverable reserves.

Suriname's development model emphasizes environmental responsibility, including plans for an all-electric, zero-routine-flaring FPSO for GranMorgu. This approach aligns with the government's Multi-Annual Development Plan 2022–2026, which seeks to broaden economic growth across the agriculture, services and technology sectors. Efforts underway include strengthening the business environment, establishing a Local Content Development Office and launching a new SME fund.

Technological innovation is also at the forefront of the government's strategy. Suriname is advancing spatial AI and extended-reality applications in both industry and education. A UNIDO-supported loan collateral facility launched in October aims to expand financial access for indigenous farmers, while fiscal stability measures include a proposed sovereign savings and stabilization fund and a Staatsolie bond issuance in March 2025, which raised over $515 million to help finance the company's 20% participation in the GranMorgu project.

Regionally, Suriname continues to deepen cooperation with neighboring states, including agreements with Guyana and Trinidad and Tobago on shared electricity infrastructure, natural gas development and renewable energy initiatives – among them Staatsolie's 45 MWp solar program. CEW 2026 will offer investors and industry leaders direct access to Surinamese stakeholders and a front-row seat to one of the Caribbean's most dynamic emerging energy markets.

“Minister Baasaron's insights on Suriname's economic diversification and investment climate will be invaluable to delegates at CEW 2026. His participation reinforces the event's role as the definitive platform for connecting global capital with the precise opportunities driving the Caribbean's energy future,” said Sandra Jeque, International Conference Director at Energy Capital & Power.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.

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

Mauritania and Möhring Energie Forge Exciting Partnership for Green Hydrogen and Ammonia Revolution!

Mauritania has entered into a strategic agreement with Germany's Mörhing Energie to establish a significant industrial plant dedicated to producing green hydrogen and green ammonia. This collaboration marks a pivotal step towards sustainable energy solutions in the region. Source: Africazine.

DRC Mining Week wins “Event of the Year” at the Katanga Awards

VUKA Group
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DRC Mining Week, organised annually by VUKA Group (https://WeAreVUKA.com/) in Lubumbashi, has been awarded “Event of the Year” at the Katanga Awards, reaffirming its status as the leading platform for mining investment, project development, and economic transformation in the Democratic Republic of the Congo.

According to VUKA Group, the recognition comes at a particularly meaningful moment, as DRC Mining Week celebrated its 20th anniversary in 2025. This milestone reflects two decades of partnership, dialogue, and sector advancement in the DRC's mining heartland.

For over a decade, DRC Mining Week has been the country's most influential meeting point for investment mobilisationinfrastructure development, and public-private collaboration. Each edition brings together:

  • international and local investors
  • mining operators and juniors
  • project developers
  • financial institutions
  • OEMs and EPCs
  • government ministries and regulators
  • and longstanding institutional partners, including the Federation of Congolese Enterprises (FEC) and the Chamber of Mines of the DRC

all aligned around unlocking the full potential of the DRC's world-class mineral wealth.

2025: Record achievement
This year's 20th anniversary edition marked a historic milestone with:

  • 16,500+ total attendees
  • 1,115 delegates, including
    • 129 VIPs
    • 88 speakers
  • 300+ sponsors and exhibitors
  • Participation from 50+ countries
     

DRC Mining Week also featured 25+ high-level conference sessions focused on industrialisation, energy security, infrastructure expansion, beneficiation, and sustainable development—reinforcing its position as the DRC's most influential platform for mining investment and sector growth.

Honouring national leadership and strategic partners

VUKA Group recognises and appreciates the continued support of the DRC Government and its key institutions. Their collaboration plays a pivotal role in shaping the vision, stability, and long-term impact of DRC Mining Week.

During her keynote address in Lubumbashi in June this year, DRC's Prime Minister, H.E. Mrs Judith Suminwa Tuluka described the 20th edition of DRC Mining Week as “a moment to celebrate the remarkable progress our mining sector has achieved.”

DRC's new Mining Minister, H.E. Louis Watum Kabamba, an industry pioneer and himself a veteran attendee of DRC Mining Week over the years, is known for calling the event “the place to be to do business in the DRC,” and he regularly invites industry stakeholders to DRC Mining Week when addressing global mining gatherings.

VUKA Group also recognises the invaluable partnership of the FEC and the Chamber of Mines, whose collaboration and guidance have strengthened the platform over many years.

Shared achievement for the mining community

“This award belongs to the mining and investment community we serve,” says Samukelo Madlabane, Event Director for DRC Mining Week. “Our purpose has always been clear—to create a trusted platform where capital, expertise, and opportunity converge to support the DRC's long-term economic development. Celebrating our 20th anniversary with record growth and now this award is a testament to the strength, unity, and ambition of our community.”

Recognising sponsors and supporters

Madlabane adds:

“We extend our sincere appreciation to our Sponsors, Exhibitors, Media Partners, and Supporting Associations. Your continued commitment has become a cornerstone of DRC Mining Week.

“These partnerships are more than visibility—they actively shape the event into a platform for progress, opportunity, and impactful dialogue.

“To all our sponsors and exhibitors: Your contributions are the engine of DRC Mining Week's success. This milestone year would not have been possible without your dedication, innovation, and steadfast support.”

Looking ahead to 2026

Madlabane continues: “With preparations underway for the 21st edition of DRC Mining Week (17–19 June 2026 at the Pullman Lubumbashi Grand Karavia Hotel), VUKA Group remains committed to elevating the platform's role in connecting stakeholdersdriving investment, and supporting sustainable industrial development in the DRC.

About VUKA Group's commitment

Through DRC Mining Week and the DRC–Africa Battery Metals Forum, VUKA Group continues to invest in platforms that unlock:

  • long-term investment opportunities
  • local market development
  • project growth
  • infrastructure expansion
  • industrial value creation across the Congolese economy


Furthermore, VUKA remains dedicated to supporting the DRC's transformation into a globally competitive mining and industrial powerhouse.

DRC Mining Week dates and venue 2026:

  • Expo and conference: 17–19 June 2026
  • Location: The Pullman Grand Karavia Hotel, Lubumbashi, DRC
Distributed by APO Group on behalf of VUKA Group.

Media Contact:
Jiten Ramjee

VUKA Group
jiten.ramjee@wearevuka.com

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About VUKA Group
VUKA Group 
(formerly Clarion Events Africa) (https://WeAreVUKA.com/) is a leading Cape Town-based and multi-award-winning organiser of exhibitions, conferences and digital events across the continent in the infrastructure, energy, mining, mobility, green economy and retail sectors. Well-known events by VUKA Group include DRC Mining Week (https://apo-opa.co/4ieCdZS),  DRC-Africa Battery Metals Forum (https://apo-opa.co/4il0pdl), Nigeria Mining Week (https://apo-opa.co/4psqPMk), Enlit Africa (https://apo-opa.co/4oY9JGg), Africa's Green Economy Summit (https://apo-opa.co/44iVIuw), Carbon Markets Africa Summit (https://apo-opa.co/49C44B6), Smarter Mobility Africa (https://apo-opa.co/4rfp7zG), ECOM Africa (https://apo-opa.co/47X2use) and CEM Africa (https://apo-opa.co/4pwK6wo).

Africa targets $5 Billion Project Pipeline as Green Economy Summit Returns for Fourth Edition

VUKA Group

The critical climate negotiations at COP30 in Belém, Brazil, are underscoring the urgent need to translate global ambition into tangible investment and action. This imperative resonates directly with the upcoming fourth edition of the Africa's Green Economy Summit (AGES), scheduled for 24–27 February 2026 at the Century City Conference Centre in Cape Town. Africa's transition to a climate-resilient, low-carbon future will take centre stage at the event—powered by lead partner Sanlam Investments. This year's edition underscores a shared commitment to accelerating investment into Africa's green and blue economies at a defining moment for global climate action.

Organised by the VUKA Group under the theme “From Ambition to Action: Scaling Investment in Africa's Green and Blue Solutions,” AGES 2026 will bring together institutional investors, development finance institutions, innovators, governments and sustainability leaders intent on unlocking climate-aligned capital for the continent's most pressing development priorities. With more than 580 delegates, over 150 investors, and 200 project developers expected, the Summit reflects a growing pipeline of investment opportunities estimated at USD 5 billion across renewable energy, sustainable infrastructure, climate-smart agriculture, digital climate intelligence, adaptation technologies and climate finance platforms.

“Africa stands at the frontier of both climate risk and innovation,” says Emmanuelle Nicholls, Portfolio Director for the Green Economy at VUKA Group. “AGES exists to bridge that gap by connecting scalable, investment-ready projects with partners who can finance measurable impact.”

The AGES 2026 agenda reflects COP30's heightened emphasis on scaling climate and nature finance, advancing system-wide reforms, and accelerating the operationalisation of country platforms that can turn national climate plans into bankable project pipelines. With growing global attention on biodiversity and emerging nature credit mechanisms, as well as COP30's clear push for digital MRV, AI-enabled climate intelligence, and greater transparency, the programme highlights the evolving tools reshaping the climate investment landscape.

Through sessions exploring Article 6 cooperation, nature and biodiversity finance, climate-resilient infrastructure, water and city systems, industrial decarbonisation, and the role of digitalisation in strengthening trust and integrity, AGES 2026 positions African stakeholders at the forefront of designing investment-ready pathways for a just and nature-positive transition.

Speakers across this year's edition reflect the depth of expertise shaping Africa's climate and finance landscape:

  • Barbara Buchner, Global Managing Director, Climate Policy Initiative
  • Catherine-Candice Koffman, Regional Director Africa, Green Climate Fund
  • Dorah Modise, Executive Director, Presidential Climate Commission
  • Andrew Johnstone, CEO, Climate Fund Managers
  • David Obura, Chair, IPBES
  • Matsi Modise, Africa Lead, World Climate Foundation

A central feature of AGES 2026, the Investment Pitch and Showcase Programme, returns with a curated pipeline of vetted projects presented directly to investors. These include proposals in renewable energy, battery storage, climate-resilient water systems, mobility electrification, waste-to-value innovation, circularity, climate-smart agriculture and resilience technologies. The 40 projects range from early-stage USD 1 million concepts to industrial-scale ventures exceeding USD 100 million, attracting participation from DFIs, venture capital firms, commercial banks, blended-finance platforms and corporate climate investment vehicles.

The Summit will also host technical site visits across Cape Town, showing how climate investments translate into jobs, competitiveness and long-term resilience.

AGES 2026 is anchored by a broad network of continental and global partners. Alongside Sanlam Investments, institutional partners include:

  • The Global Green Growth Institute
  • Climate Policy Initiative
  • Convergence
  • Wesgro
  • The City of Cape Town
  • Regional policymakers, municipal authorities and leading private-sector sustainability actors.

Their involvement ensures the Summit drives year-round capital mobilisation, not just dialogue.

As global competition for climate finance intensifies, AGES 2026 offers a platform for Africa to articulate its climate investment agenda with clarity and ambition, grounded in data, policy frameworks and the continent's vast natural and human capital. With five years remaining in the UN SDG decade of action, the Summit stands as both a milestone and a measure of Africa's readiness to translate climate ambition into investable, scalable action.

Distributed by APO Group on behalf of VUKA Group.

Media enquiries and interview requests:
Nomsa Mdhluli
Nomsa@tishalacommunications.com
+27 71 628 6231

Elize Engle
Pr1@tishalacommunications.com
+27 82 762 4946

Tshepang Mokoena
Pr@tishalacommunications.com
+27 76 682 9608

Registration enquiries:
Mzamo Jika – mzamo.jika@wearevuka.com

More information or registration: www.GreenEconomySummit.com

To download the event brochure, click here (https://apo-opa.co/44nkUjs).


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Italy-Libya Roundtable at Libya Energy & Economic Summit (LEES) 2026 to Drive Strategic Energy and Infrastructure Investment

Energy Capital & Power
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The Libya Energy & Economic Summit (LEES) 2026, taking place January 24–26 in Tripoli, will host a dedicated Italy-Libya Roundtable, underscoring Italy's long-standing and expanding engagement in Libya's energy, infrastructure and broader economic sectors. The session will provide a platform to explore strategic partnerships, investment pipelines and joint initiatives that strengthen Libya's energy security and infrastructure resilience – and cement Italy's role as a key partner in the country's long-term development.

Italian companies are already deeply involved across Libya's energy sector. Last month, Eni resumed exploration after a five-year hiatus, restarting drilling at the C1-16/4 well in Block 16/4 using Saipem's Scarabeo-9 rig. Through its 50-50 joint venture with the NOC, Mellitah Oil & Gas, Eni is advancing an €8 billion integrated gas development project targeting production from Structures A&E, expected to deliver 750 million cubic feet per day by 2026.

Italian geoscience and offshore construction firm Next Geosolutions and its subsidiary Rana Subsea were awarded €8.5 million and €62.5 million contracts, respectively, to provide survey, subsea and installation support for the Bouri Gas Utilization Project. These contracts support Saipem's $1 billion engineering, procurement, construction, installation and commissioning project – aimed at revamping offshore platforms, recovering associated gas and reducing CO₂ emissions. Saipem continues to be a central player in Libya's energy landscape through its partnership with the NOC and collaboration with Eni.

In the infrastructure sector, Italian construction company Todini Costruzioni Generali was recently awarded the contract for sub-lot 4.3 of the Emsaad-Ras Jedir coastal highway, a 160-km section connecting Al-Azizya to Ras Jedir near the Tunisian border. This project, part of Libya's 1,750-km coastal corridor established under the 2008 Italy-Libya Treaty, reflects Italy's $5 billion commitment to Libyan infrastructure development. Construction on this section is set to commence immediately, highlighting the broader scope of Italian participation beyond energy into economic development and connectivity.

“The Italy-Libya Roundtable at LEES 2026 will showcase the deepening collaboration across energy, infrastructure and economic development between the two countries,” said James Chester, CEO of Energy Capital & Power. “Italian companies are not just participating in Libya's recovery – they are helping shape its energy and infrastructure future. LEES 2026 provides a strategic platform to build on this momentum and expand investment pipelines.”

By convening Italian executives, Libyan policymakers and investors, the roundtable will highlight how Italy can double down on its strategic engagement – from accelerating energy projects and integrating advanced offshore technologies to expanding infrastructure contracts and supporting Libya's transition toward cleaner gas utilization and industrial development. For Italy, LEES 2026 represents a moment to translate decades of partnership into tangible, forward-looking investment that strengthens both countries' economic and energy futures.

Join industry leaders at the Libya Energy & Economic Summit 2026 in Tripoli and explore investment opportunities in one of North Africa's most dynamic energy markets. LEES 2026 offers a premier platform for partnerships, innovation and sector growth. Visit www.LibyaSummit.com to secure your participation. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

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

Cost savings the real power behind South Africa’s solar boom

VUKA Group

According to the recently released South Africa's Largest Solar Survey (https://apo-opa.co/487ALDZ), the South African solar market has changed, with the primary drivers for solar adoption being rising electricity tariffs and a desire for cost savings.

The findings mark a fundamental shift in how South Africans approach energy investment. While load shedding initially sparked the solar boom, the survey shows adoption momentum remains strong despite the easing of power cuts, with 82% of homeowners and 79% of businesses surveyed who don't have solar planning to install solar within the next 12 months.

Solar generation now costs between 30% to 50% less than grid electricity (around R1.20–R1.70/kWh equivalent after installation). The survey results reveal that 93% of homeowners and 79% of businesses surveyed with solar systems are already realising measurable savings on their electricity bills.

The research, conducted by Jaltech (https://Jaltech.co.za/) and based on over 2,000 South African solar users and potential adopters, represents the country's largest solar user survey to date.

Enlit Africa and Jaltech will present a webinar of the key insights from the report at 12pm on Tuesday, 25 November 2025. This session is tailored for solar installers/developers, commercial and industrial energy users, and landlords who are considering solar or want to understand current market trends and the impact of solar adoption. Register here: https://apo-opa.co/3MdCXT2 

In the commercial and industrial market, the use of energy management systems (EMS) is rising, helping users optimise performance, monitor savings, and reduce wastage, an indication that South African businesses are becoming more energy savvy, driven by the high cost of power. For 54% of business users surveyed, solar now offsets the majority of their energy consumption.

"South Africa's solar market has matured rapidly," says Jonty Sacks, partner at Jaltech. "What began as a response to unreliable electricity supply has become a core financial decision. Solar now represents cost stability, resilience and long-term savings for South Africans from day one."

Respondents included homeowners and businesses across diverse sectors, from retail malls and commercial property to agriculture and manufacturing.

The full survey can be accessed here: https://apo-opa.co/487ALDZ 

Distributed by APO Group on behalf of VUKA Group.

About Enlit Africa:
Enlit Africa (https://apo-opa.co/4444Mnd) brings the top manufacturers, associations, institutions, and government leaders together to shape a sustainable, prosperous energy and water future for Africa. A leading power, energy and water conference and exhibition, Enlit Africa is designed to provide a unique platform to connect decision-makers and determine Africa's future direction of travel. 

Enlit Africa takes place annually at the CTICC, Cape Town, South Africa. The event is CPD accredited by the SAIEE and SAICE, thereby contributing to the professional development of industry experts.

For more information, please visit the Enlit Africa website (https://apo-opa.co/4444Mnd).

About Jaltech:
Jaltech is a leading alternative investment and renewable energy fund manager, financing solar installations across South Africa. The firm has funded over R1 billion in commercial solar assets, helping businesses and homeowners reduce their electricity costs while supporting the country's transition to cleaner energy.

https://Jaltech.co.za/

About VUKA Group:
VUKA Group (https://WeAreVUKA.com/) brings people and organisations together to connect with information and each other in meaningful conversations to reach the next level of growth in their industry ecosystem. With 20 years of experience in Africa, the group serves the Energy, Mining, Smart Mobility, Transport and Retail sectors, through a range of industry touchpoints across digital, print and in-person platforms. With a commitment to data at its core, the group is well-positioned to support industry stakeholders today and into the future. Operating from Cape Town, South Africa the group is actively involved in projects across continental Africa and boasts a diverse African team who take great pride in the work they do for the sectors and markets they serve.


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30th Conference of the Parties (COP30): African Development Bank Group’s (AfDB) Sustainable Energy Fund for Africa (SEFA) mobilises nearly EUR50 million in new commitments...

African Development Bank Group (AfDB)

The African Development Bank Group's Sustainable Energy Fund for Africa (SEFA) (www.AfDB.org), a multi-donor special fund managed by the Bank Group, has secured new investment commitments totalling nearly EUR 50 million, to strengthen the rollout of Mission 300 (https://apo-opa.co/48qxL74) and accelerate climate action across Africa's power sector.

The commitments, made by the governments of Germany and Italy, were announced at a COP30 side event held at the Africa Pavilion on 14 November. Germany committed EUR 14 million to support SEFA's universal energy access goal, and EUR 30 million for the new SEFA green hydrogen programme, reflecting the strategic importance of this emerging sector for Africa's decarbonisation and industrial development. Italy also announced a new contribution of five million euros to the fund.

Dr Katharina Stasch, Director-General for Climate Policy of the Federal Ministry for Economic Cooperation and Development (BMZ), said: “We see the Africa-owned and Africa-led African Development Bank as an excellent partner in unlocking the potential of a green hydrogen economy for African countries.

“By working together, we can create a ‘win–win': partner countries benefit from new energy resources, industrial development, technology transfer, and new jobs while Europe diversifies its future energy imports. Through our partnership with the African Development Bank and SEFA, we hope to create positive tipping points for the market ramp-up of green hydrogen.”

Roberto Amerise, Director for General Affairs, Financial Programmes, and International Cooperation at the Italian Ministry of the Environment and Energy Security (MASE), highlighted the strong commitment of the Italian Government towards Africa, considered a priority for national energy and climate policies. He stressed the importance of encouraging private investment to accelerate the continent's energy transition and sustainable development. Amerise also announced a new contribution of 5 million euros to the SEFA Special Fund for 2025.

"These resources," he said, "reaffirm our collective commitment to advancing SEFA's strategic objectives and accelerating the implementation of renewable energy and energy access projects in Africa that drive sustainable development."

Commenting on the new commitments, Dr Kevin Kariuki, Vice-President, Power, Energy, Climate Change and Green Growth, AfDB, said: "Today's deliberations and commitments at COP30 powerfully reaffirm the urgent need for a unified, bolder approach to Africa's energy transition, resilience and security.  The new commitments from Germany and Italy will constitute wind in the sails for Mission 300 goals and solidify SEFA's centrality in Africa's universal energy access journey".

The event, moderated by Dr Daniel Schroth, the Bank's Director for Renewable Energy and Energy Efficiency, also acknowledged the ongoing support from partners like Norway, with Hans Olav Ibrekk, Special Envoy for Climate, reiterating the country's commitment to mobilising private sector investments for the success of Mission 300.

A central theme of the event was the vital role of blended finance in de-risking investments and attracting commercial capital to achieve M300 goals. Attendees learned about projects such as the landmark Obelisk facility in Egypt – a 1 GW Solar PV and 200 MWh Battery Energy Storage System (BESS) co-financed by AfDB and SEFA – with insights shared by Terje Pilskog, CEO of Scatec.

The discussions also featured the impactful work of BURN, a successful African clean cooking company and SEFA grant recipient. Caroline Amollo, BURN's Director of Corporate Affairs, demonstrated through their proven market operations how innovative models are effectively driving affordability and widespread adoption.

Speakers highlighted the importance of predictable and attractive regulatory frameworks to attract private capital for a just and equitable energy transition, focusing on bankable, scalable, and human-centred projects, especially in clean cooking. They also stressed the need to leverage declining renewable energy costs through efficient deployment of development funding. The event reinforced collective commitment to integrating energy transition cooperation within broader climate diplomacy, demonstrating that with concerted effort, the goals of M300 and the broader climate ambitions articulated at COP30 are attainable.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact:
Communication and External Relations
media@afdb.org 


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Making Universal Energy Access Africa’s Top Climate Priority (By Rolake Akinkugbe-Filani)

EnergyInc Advisors

By Rolake Akinkugbe-Filani - CEO, EnergyInc Advisors (www.EnergyIncAdvisors.com) /Global Energy Finance and Strategy Leader 

With COP30 underway in Belém, Brazil, the global community is once again confronted with the urgency of climate action. For Africa however, the conversation must begin with a more fundamental question: how do we power the continent so that climate ambition does not outpace development reality?

While advanced economies frame climate progress around how quickly they can retire fossil fuels, Africa's challenge is more foundational. Millions still lack reliable electricity. Without power, factories cannot operate, digital economies cannot thrive, and essential services - from hospitals to schools - remain constrained. Energy access is not merely a development aspiration. It is the bedrock upon which climate adaptation, resilience, and long-term economic transformation rest.

A transition that must be sequenced, not rushed

Africa's clean energy potential is undeniable; abundant solar irradiation, strong wind corridors, hydro resources and world-class geothermal prospects. But potential alone will not close the energy gap. Grid constraints, weak storage systems, and limited industrial-scale capacity mean the transition must be phased and sequenced.

Renewables cannot shoulder the entire burden today. Managed, time-bound use of transitional fuels, including natural gas, remains essential to stabilising grids, supporting industry, and powering cities. This is not a call for indefinite fossil fuel dependence, but for a pragmatic pathway that allows Africa to scale clean energy without undermining growth.

Africa's priorities at COP30: clarity and ambition

Africa produces less than 4 percent of global emissions but absorbs a disproportionate share of the climate fallout, droughts, floods, food insecurity, and displaced communities. Yet climate finance flows to the continent remain slow, fragmented, and heavily skewed toward mitigation rather than the adaptation Africa urgently needs.

At COP30, Africa's message is focused and uncompromising (https://apo-opa.co/4psssKd):

  • A new global climate finance target: no less than $1.3 trillion annually by 2030, with a significantly higher share allocated to adaptation, resilience and concessional finance.
  • A fully operationalised Loss and Damage Fund, designed to deliver predictable, timely support without adding to Africa's debt burdens.
  • A just and inclusive energy transition, one that recognises Africa's right to industrialise, create jobs and expand access while lowering emissions in a responsible and realistic way.
  • Recognition of Africa's natural ecosystems -  forests, mangroves, peatlands - as global public goods, deserving of sustained financing and market mechanisms that reward their stewardship.

Universal energy access must be the anchor of Africa's climate roadmap

African governments and their partners must weave energy access into the heart of climate policy. This means scaling renewable energy investments, strengthening grids, reforming utilities, and designing transition pathways that reflect Africa's demographics, industrial goals, and financing constraints.

Transitional fuels will continue to play a bridging role, but with transparent timelines and a clear strategy for shifting to cleaner sources as infrastructure matures. What Africa needs is not a binary choice between fossil and renewable, but a plan that delivers power where it is needed most, reliably, affordably, and sustainably.

Because as the world races toward net zero, the continent cannot remain energy-poor. A climate strategy that does not lift African households, clinics and schools out of energy poverty is neither just nor durable.

At COP30, the message must be unmistakable, it is that Africa's development cannot be deferred, and energy access is central to that vision. A fair global climate future begins with a lit Africa, one where power enables productivity, resilience, and opportunity for all.

Driving Africa's energy future through homegrown solutions

Africa's transition will not be unlocked by ambition alone; it will be unlocked by sequencing and by capital. The continent cannot afford a transition model that demands synchronisation with wealthier economies while our grids remain weak and our capital systems under leveraged. With over $900 billion in pension, insurance, and sovereign assets, Africa holds significant pools of domestic capital that remain largely absent from energy infrastructure. The real opportunity now is to finance Africa's transition with Africa's money, in the right order: strengthen grids, scale renewables, and phase out transitional fuels as capacity deepens.

A transition that is both sequenced and self-financed is not only more realistic; it is the most sustainable path to universal energy access and long-term climate resilience.

Distributed by APO Group on behalf of EnergyInc Advisors.


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Making Universal Energy Access Africa’s Top Climate Priority (By Rolake Akinkugbe-Filani)
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Senegal’s Minister of Energy, Petroleum and Mines Invites Energy Stakeholders to MSGBC 2025

Energy Capital & Power
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Birame Souleye Diop, Minister of Energy, Petroleum and Mines of Senegal, has invited all energy stakeholders to participate in the MSGBC Oil, Gas & Power 2025 Conference and Exhibition, taking place on December 8–10 in Dakar.

Speaking during a press conference on Thursday, he emphasized that the conference has become a cornerstone of African energy cooperation and called on institutions, companies and regional partners to join the dialogue shaping the next phase of the MSGBC basin's development.

Taking place under the theme Energy, Oil and Mining in Africa: Synergies for Inclusive Economic Development, MSGBC Oil, Gas & Power 2025 Conference and Exhibition will be held under the patronage of Bassirou Diomaye Faye, President of Senegal and in partnership with the Ministry of Energy, Petroleum and Mines, the national oil company Petrosen and state-owned COS Petrogaz.

“The MSGBC region–Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry–is not just a geological basin. It is a community of shared destiny, united by one ambition: to transform our resources into drivers of inclusive and sustainable growth,” Minister Diop said, adding that the event is a platform for institutions, companies and international investors to explore new opportunities and forge partnerships across the region.

During his address, Minister Diop highlighted bp and Kosmos Energy's Greater Tortue Ahmeyim gas projects (GTA) as a key example of cross-border partnership.

“GTA is a symbol of successful cooperation and economic integration,” the Minister said. Phase 1 of the project began producing gas in December 2024, with 20–25% expected to supply domestic power and industrial needs. Plans for Phase 2 could raise production to around 5 million tons of LNG per year, while technical inspections have confirmed stable operations.

He noted Senegal's Gas-to-X strategy, saying, “Our goal is to transform gas into electricity, industrial inputs, fertilizers and cleaner fuels.” He explained that the strategy supports economic diversification while positioning gas as a complement to renewable energy in the country's energy transition.

Minister Diop also emphasized strengthening local content. “Every project must benefit our citizens first,” he said.

Recent initiatives in Senegal's energy sector align closely with this strategy. In November 2025, the Senegalese university INPG partnered with global energy company Woodside Energy (https://apo-opa.co/4rq3rB8) on the Sangomar project to expand local capacity, awarding contracts to Senegalese companies and providing skills development for engineers and technicians. Earlier in April 2025, the INPG (https://apo-opa.co/4rc4zIl) signed a tripartite agreement with the state-owned Vocational and Technical Training Fund and the National Committee for Monitoring Local Content to train and integrate 1,000 young professionals by 2026, with a long-term goal of 15,000 by 2029. 

Sandra Jeque, Project Director at Energy Capital & Power, stated, “MSGBC 2025 will showcase how the region is developing talent, infrastructure and partnerships that place African capabilities at the center of Africa's energy future.”

Minister Diop concluded, “MSGBC 2025 is a unique opportunity to advance energy access, resource transformation and economic development across the African continent.”

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

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

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