Seychelles: President Herminie Stands with Family of Missing Coast Guard Serviceman

Source: APO

Days after the Seychelles Defence Forces formally ended the search for two Seychelles Coast Guard servicemen missing at sea since 16 September, the President of the Republic, Dr Patrick Herminie, visited the Larue family home at Anse Aux Pins this morning to stand with the family of Denis Oreddy.

The President spent time with Mr Oredy’s loved ones, including his mother and his seven-month-old daughter, offering comfort at a moment of profound grief and uncertainty.

“No family should face this alone. The Government stands by them.” President Herminie said.

The President will also visit the family of the second serviceman to extend the same support.

The thoughts and prayers of the President and the people of Seychelles remain with both families.

Distributed by APO Group on behalf of State House Seychelles.

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Carbon Markets Africa Summit 2026 concludes with renewed ambition to finance Africa’s greener, more prosperous future

Source: APO

The Carbon Markets Africa Summit (CMAS) (https://apo-opa.co/3W8fxUo) 2026 concluded in Kigali with new financing initiatives and practical discussions on how African countries can develop credible carbon projects, attract investment and secure greater value for their communities.

Held from 13 to 15 October at the Kigali Convention Centre, the summit brought together governments, project developers, investors, buyers and technical specialists. Across three days, the programme connected policy decisions with the commercial and technical requirements of bringing projects to market.

Connecting projects with buyers and investment

Investor and buyer roundtables, project showcases and dedicated deal rooms created opportunities to examine African projects alongside the requirements of those who could finance them or purchase their credits.

The programme spanned blue carbon, reforestation, agriculture, rangeland restoration and waste-related solutions. Discussions explored buyer expectations, pricing, offtake arrangements and the financing needed before projects begin earning carbon revenues.

A concrete development was the announcement of the Africa Nature Impact Fund by Finance Earth, FSD Africa and FSD Africa Investments. Targeting US$100 million for early-stage nature and nature-based carbon projects, the platform has a £5 million cornerstone commitment from FSD Africa Investments and is seeking a US$20 million first close in 2027.

The initiative addresses a persistent challenge: promising projects need suitable capital for preparation and development long before they can generate and sell their first credits.

Strengthening the conditions for growth

Policy discussions examined national approaches, regional cooperation and market access. A ministerial press conference on 14 October, the first day of the main summit following the Foundation and Dialogue Day, provided an additional opportunity for journalists to engage directly with leaders.

During the summit, Hon. Dr Bernadette Arakwiye, Rwanda’s Minister of Environment, outlined an approach Rwanda is exploring to use a share of carbon transaction proceeds through the Rwanda Green Fund to help prepare and pre-finance future projects.

Technical workshops and solution labs addressed authorisations, changing international requirements, risk-sharing, registry interoperability and local verification capacity. Live demonstrations also explored the role of digital tools in monitoring and reporting project performance.

Rwanda advances its sustainable finance agenda

On 15 October, the Kigali International Financial Centre (KIFC), the summit’s platinum sponsor, launched Rwanda’s Sustainable Finance Roadmap 2.0.

The framework sets priorities through 2030, with greater emphasis on preparing businesses and projects for investment, strengthening carbon finance and improving sustainability data.

KIFC Chief Executive Officer Hortense Mudenge highlighted the wider economic promise of sustainable finance, from helping businesses grow and creating jobs to strengthening Rwanda’s economic resilience. She also outlined the ambition to develop Kigali as a centre for carbon aggregation and investment structuring.

Credibility and community value

Alongside investment, the summit examined project integrity and the role of communities as owners and active market participants.

“For SGS, environmental integrity, credible projects and meaningful benefits for local communities are essential,” said Shikha Sharma, Global Technical Lead, Climate Solutions at SGS, the summit’s gold sponsor.

She emphasised: “Independent validation and verification play a critical role in ensuring that carbon credits represent measurable climate action and building confidence in the market.”

Maxwell Gomera, UNDP Resident Representative in South Africa and Director of the UNDP Africa Sustainable Finance Hub, was among those who delivered closing remarks.

Looking beyond Kigali, he underscored the importance of following through:

“CMAS brought countries, project developers and investors together to address the practical barriers to investment. The next step is to turn those connections into well-prepared projects and transactions, with community rights and fair benefit-sharing built in from the start.”

Building towards the next chapter

“Our ambition is for Africa to shape carbon markets that finance its priorities and create lasting value for its people,” said Emmanuelle Nicholls, Portfolio Director at VUKA Group. “As we look towards next year’s summit, we want to build on the connections made in Kigali and see more African projects secure the investment and partnerships they need to grow.”

CMAS 2026 was hosted by Rwanda’s Ministry of Environment, with UNDP and the African Development Bank as host organisations, the Development Bank of Southern Africa as host partner and AUDA-NEPAD as strat

Distributed by APO Group on behalf of VUKA Group.

Media enquiries and interview requests:
Elize Engle
Pr1@tishalacommunications.com
+27 63 574 5249

Princess Malungani
Pr3@tishalacommunications.com
+27 60 931 8366

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Getty Images Senior Advisor Lee Martin Joins African Collaborations Group (ACG) Advisory Board to Advance Sport and Entertainment Districts Across Africa

Source: APO

African Collaborations Group (ACG) (www.ACGafrica.com), the leading strategic project origination and collaboration platform focused on the industrialisation of sport in Africa through the origination of bankable sport and entertainment district ecosystems, today announced the appointment of Lee Martin to its Advisory Board.

Mr Martin has worked as a Senior Advisor to the Executive Committee of Getty Images, one of the world’s leading visual content companies and the official visual content partner to more than 80 sport governing bodies, leagues and clubs, including the International Olympic Committee (IOC), FIFA, UEFA, the NBA, the NHL, and Manchester United, among many others.

With more than 30 years of experience in visual media and the sports sector, Mr Martin began his career at Allsport, the world’s leading sports photo agency, rising to Joint Managing Director before joining Getty Images when the two companies merged in 1998. Over the course of his executive career at Getty Images, he served as Senior Vice President of Sales for Europe and Asia, and subsequently as Senior Vice President of Sport, in which capacity he was responsible for the global sport imagery business and the development of exclusive partnerships with governing bodies, leagues and rights holders around the world. Mr Martin served as a Senior Vice President on the Executive committee of Getty Images from 2003 to 2019.

He has served on a number of significant industry organisations, including the World Athletics Press Commission, the British Association of Picture Libraries & Agencies, and the Football Association, and as a judge for the International Olympic Committee Sport and Photography Contest, the Press Photographer’s Year Awards and the Association of Photographers Awards, among others.

He is currently Chairman of Knockout Entertainment, which owns and runs a number of significant YouTube sports channels. He also sits on the advisory board of Ribu, Incyan, England Boxing Southern Counties, and Chairman of the Black Prince Trust.

His appointment to the ACG Advisory Board brings to the platform world-class expertise in the visual identity, imagery, storytelling and global distribution dimensions of sport and entertainment properties. Sport and entertainment districts at the scale ACG is originating must be built not only as physical and financial ecosystems but as visually iconic assets whose imagery travels globally, sustains the value of the property over the long term, and animates the sponsorship, media rights and brand partnership dimensions that underpin their commercial performance. Mr Martin’s appointment ensures that this visual dimension is embedded into ACG’s thinking from the earliest stages of project origination.

His appointment brings to the ACG Advisory Board deep relationships across the global sport governing bodies and rights holders, an authoritative perspective on the commercial and creative dimensions of sport imagery, and hands-on experience of building a global visual content business anchored on sport, capabilities directly relevant to originating and structuring large-scale sport and entertainment district projects across the African continent.

“Lee Martin brings to our Advisory Board a genuinely distinctive dimension: the visual and iconic identity of sport at global scale. Getty Images sits at the centre of how the world sees sport, and Lee’s work has shaped that intersection for over two decades. Sport and entertainment districts are not only financial and physical assets, they are visual and cultural assets whose long-term value depends on how the world sees them. His presence on our Advisory Board ensures that ACG originates projects with this visual dimension built in from the outset,” said Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com), Founder and Executive Chairman of ACG.

The ACG Advisory Board provides strategic guidance as ACG originates and structures large-scale sport and entertainment district projects across the continent, aligning governments, development finance institutions (DFIs), investors, sport bodies and infrastructure partners to support the development of financially sustainable, mixed-use district ecosystems.

Africa’s sport economy is projected to reach $20 billion by 2035, yet the continent continues to lack the integrated district ecosystems required to support large-scale development. ACG addresses this gap by originating bankable sport and entertainment district projects, moving beyond single-venue development models towards mixed-use, revenue-generating and financially sustainable district ecosystems.

Through its collaborative model, ACG convenes governments, PPP authorities and regulators, development finance institutions, private investors, developers, designers and engineers, legal and transaction advisors, operators, sport federations and leagues, event promoters, media and broadcast partners, academic institutions and host communities, creating structured pathways from concept to feasibility, bankability and delivery.

Distributed by APO Group on behalf of African Collaborations Group (ACG).

Media contact:
marie@apo-opa.com

About African Collaborations Group (ACG):
African Collaborations Group (ACG) (www.ACGafrica.com) is the leading strategic project origination and collaboration platform focused on the industrialisation of sport in Africa through the origination of bankable sport and entertainment district ecosystems. By convening governments, private-sector partners, development finance institutions, sport and entertainment stakeholders, and academic institutions, ACG creates structured pathways that transform concepts into investable and deliverable district projects across the continent.

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Ebola: 20 contacts released from quarantine in Kenya, amid vaccine ‘hope’ in Democratic Republic of the (DR) Congo

Source: APO

They were discharged on Monday, according to the UN World Health Organization (WHO), which has been assisting the Kenyan authorities with Ebola preparedness since the Democratic Republic of the Congo (DRC) declared an outbreak on 15 May.  

Another 98 contacts remain in quarantine. 

No risk to the community 

The people who are now back at home remained asymptomatic during quarantine and underwent standard protocols, including a final health assessment, counselling on post-discharge precautions and follow-up where required before being released. 

“We ask communities to welcome them home warmly,” said Dr Patrick Amoth, Kenya’s director general for health. “Having completed 21 days without symptoms, they pose no risk of infection to anyone.” 

The WHO representative to Kenya, Dr Neema Rusibamayila Kimambo, echoed his message. 

“People who complete quarantine have helped protect their families, their communities and the whole country,” she said.  

Rush to trace contacts 

Kenya confirmed its first Ebola case on 6 October – a Kenyan man who had been working in the DRC, where the caseload is approaching the 10,000 mark. 

He flew back to Kenya via Uganda on 3 October and died in a Nairobi hospital two days later. 

The Ministry of Health conducted robust contact tracing of anyone who may have been exposed, including family members, airline passengers and crew, airport workers and medical personnel. By 22 October, all contacts were traced – both in Kenya and abroad – and placed in quarantine.   

As of Monday, eight contacts had developed symptoms and were confirmed positive for Ebola disease through laboratory testing. They were immediately transferred to the Ebola treatment centre in Nairobi.  

Praise and support 

In total, Kenya has reported nine confirmed Ebola cases and two deaths. All are part of one connected group and there is no evidence that the virus has spread to the community.   

“WHO commends the Ministry of Health, the Kenya National Public Health Institute, national and county health teams for their work in responding quickly to every new case,” said Dr. Kimambo. 

The UN agency continues to support Kenya in all aspects of Ebola response, including coordination, disease surveillance, contact tracing, laboratory testing, case management, infection prevention and control, health screening at points of entry, risk communication and community engagement. 

Although there is no licensed vaccine or specific treatment for Bundibugyo virus disease, WHO stressed that early detection and supportive care improve chances of recovery.  

DRC vaccine trial 

Meanwhile, “a crucial clinical trial” was launched in the DRC on Friday to determine if vaccines can provide protection against the disease, said WHO’s Dr. Meg Doherty, speaking from the eastern city of Bunia to journalists in Geneva. 

The TUMAINI trial platform is designed so that several vaccine candidates can be evaluated within one research framework using a strategy called the ring vaccination approach involving contacts of people with a confirmed case of Ebola. 

“Tumaini actually means ‘hope’ in Swahili, and is giving us some hope,” said Dr. Doherty, director of WHO’s Department of Science for Health. ​

A moving experience  

The first vaccine under evaluation is Ervebo which has been effective against Ebola caused by the Zaire virus. It is not yet known if it will have any protective effect against the Bundibugyo strain. 

Dr. Doherty attended the launch, where four people were vaccinated. 

“It was moving to see this trial begin, just as it has been deeply sad to see the effect of this outbreak on communities,” she said.   

“I lived and worked in DRC nearly 40 years ago, and it is quite heartbreaking to see this beautiful country challenged by outbreaks on top of humanitarian crises.” 

Evaluations and recommendations 

Last week, WHO convened technical advisory groups that evaluated the evidence on two vaccines designed specifically against Bundibugyo virus: ChAdOx1, developed by the University of Oxford with the Serum Institute of India, and mRNA-1469 developed by the American company Moderna. 

Recommendations will be published this week. 

“In the meantime, rings are being set up, with people who have a family member sick with Ebola, or who have been exposed to the virus another way,” she said, noting that two rings are currently in place and several more are being prepared. 

“Community members are already walking into the site asking to be enrolled, highlighting the intense need for an efficacious vaccine,” she added. 

‘An important step’   

Dr. Doherty explained that a decade ago, WHO and partners used the ring vaccination approach in Guinea during the West African Ebola outbreak to help establish the efficacy of the Ervebo vaccine.  

“Today, scientists are building on that experience to seek answers about the Bundibugyo virus,” she said. 

The trial is led by the Congolese authorities and is integrated into the ongoing response to the outbreak. It is being managed by the National Public Health and Biomedical Research Institute, known by the French acronym IRNRB.  

“We do not yet know for certain when results will begin to emerge. We expect it will take several months,” she said. 

“But already, having this trial in place is an important step towards gathering scientific data that will help policy makers reach decisions on vaccine use, and we anticipate, to protect people in this outbreak and future outbreaks.” 

Dr Doherty noted that several other vaccines are under development, “and as they go through their initial studies, if they look promising, they too could be brought into this vaccine platform trial.” 

Distributed by APO Group on behalf of UN News.

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President Ramaphosa deploys South African National Defence force to KwaZulu-Natal

Source: APO


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President Cyril Ramaphosa has informed the Speaker of the National Assembly, Honourable Thoko Didiza and the Chairperson of the National Council of Provinces, Honourable Refilwe Mtsweni-Tsipane of his decision to deploy five hundred and ten (510) members of the South African National Defence Force (SANDF) in the province of KwaZulu-Natal (KZN), for the service of cooperation with the South African Police Service (SAPS) in support of Operation Prosper. 

The members of the SANDF will assist the SAPS in maintaining law and order in KZN, especially in light of recent violent actions arising from a campaign of misinformation about the Constitutional Court judgment on the Refugee Act.  The members of the SANDF will be on standby to support the police for any eventuality that may occur. 

The deployment authorised in accordance with section 201(2)(a) of the Constitution of the Republic of South Africa 1996, is for the period commencing the 9th of October 2026 until the 30th of November 2026.

The expected expenditure to be incurred amounts to R34 082 720. 

Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

Building Africa’s Future Talent: Education Projects with Mitrelli Support 1.5 Million Learning Journeys

Source: APO

Education is central to Africa’s economic competitiveness, developing the knowledge and professional capabilities needed to advance industries, strengthen institutions and drive innovation.

Through partnerships with African governments, Mitrelli supports national-scale education initiatives connecting learning infrastructure with economic opportunity. In Angola, these projects have already supported more than 1.5 million learning journeys, with cumulative learning journeys across Angola and Senegal projected to exceed 2.3 million by 2032.

A Vision for Africa’s Next Generation

In 2023, Haim Taib, Founder of Taib Group and President of Mitrelli, announced a goal to provide vocational and technology training to one million people across Africa over the following decade. Three years later, Mitrelli’s expanding education partnerships reflect this broader vision of investing in local talent, skills development and innovation.

“After three decades of working across Africa, I believe the continent’s greatest strength lies in the talent and ambition of its people,” said Haim Taib, Founder of Taib Group and President of Mitrelli. “As African economies grow, investing in education is essential to turning that potential into lasting prosperity. It can drive innovation, develop new industries and strengthen economic independence. Above all, it gives the next generation of African entrepreneurs and leaders the tools to shape the continent’s future and strengthen its place in the global economy.”

Connecting Education with Economic Opportunity

In Angola, Government-led projects delivered in partnership with Mitrelli span early education, schools, vocational training and entrepreneurship, including the strengthening of 52 technical and professional schools, eight Youth Villages and eight entrepreneurship centres.

The portfolio is extending into higher education with the new Baía Farta University Campus – Katyavala Bwila University and ISCED in Benguela Province, where the Government of Angola recently laid the cornerstone. Designed for approximately 8,500 students, the campus will offer studies in Medicine, Law, Economics and Education Sciences, with facilities connecting academic learning to professional practice.

In Senegal, Mitrelli is working with the Government on a national vocational training centres initiative designed to develop skills aligned with the country’s economic priorities.

“Preparing people for tomorrow’s economies means anticipating the skills that future industries will require,” said Rodrigo Manso, CEO of Mitrelli. “Our partnerships with governments in Angola and Senegal connect education with national economic priorities, ensuring that investment in infrastructure goes hand in hand with developing the people who will drive progress.”

Distributed by APO Group on behalf of Mitrelli Group.

Mitrelli Media Contact:
Emmanuelle Bendenoun
Global Growth Communications Lead
Emmanuelle.b@mitrelli.com

Follow Mitrelli on:
LinkedIn: https://apo-opa.co/4iM6mkb

About Mitrelli: 
Mitrelli is a Swiss-based international company with over 30 years of experience partnering with African governments to deliver national-scale infrastructure and development programmes. With more than 100 projects across the continent, Mitrelli operates across six sectors: Urbanization, Water & Food Security, Energy, Education, Healthcare and Technology. Its integrated approach brings together planning, financing, construction and capacity development. For more information, visit www.Mitrelli.com.

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Afreximbank approves US$975 million facility for the Management Buy-Out of Oryx Energies

Source: APO


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African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has disbursed a landmark US$ 975 million financing facility to part-finance the Management Buy-Out of Oryx Energies SA (OESA), the holding company of Addax Energy SA, bringing one of the largest and longest-established independent providers of energy products and services in Africa under majority African ownership for the first time.

The transaction marks a major step in strengthening Africa’s energy security and demonstrates the growing capacity of African financial institutions to support Africa’s industrial future with African capital. The acquisition offers the continent an opportunity to retain economic value, pivot toward energy sovereignty, and align resources with Africa’s development agenda.

This financing also builds on Afreximbank’s broader support for Africa’s energy sector, including investments in upstream production and refining capacity. It reflects the Bank’s commitment to providing appropriately structured financing that enables African businesses to strengthen their operations, develop energy infrastructure and expand trade across the continent. Afreximbank acted as sole lender, facility agent, security trustee and escrow agent for the transaction.

Speaking on the Management Buy-Out, Mr. Moussa Diao, CEO of Oryx Energies SA, said:

“This management buy-out marks an important milestone in the history of Oryx Energies and the continuation of a journey that our management team has been part of for many years. It also reflects the strength of experienced African leadership and its ability to guide established businesses towards new opportunities. It provides an opportunity to build on the strong foundations of the business, drawing on our longstanding experience and deep understanding of African energy markets. Our ambition remains to strengthen our activities in energy trading and infrastructure development across Africa.”

Mr. Diao noted that the transaction would not have been possible without the confidence and support of Afreximbank, whose involvement reflects confidence not only in the management team and the business, but also in the opportunities that Africa continues to offer. It further demonstrates the increasingly important role of African financial institutions in supporting established African businesses and enabling their continued development.

Commenting on the transaction, Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, said:

“This transaction advances Afreximbank’s mandate to drive the structural transformation of African economies. Through the Management Buy-Out of Oryx Energies SA’s trading and distribution business, we have secured a strategic platform to deepen Africa’s energy industrial ecosystem, strengthen energy infrastructure and capture more value from the continent’s abundant natural resources. It will also promote greater African ownership and participation in development by empowering local entrepreneurs, expanding local value creation, building capacity, creating jobs and retaining more economic value on the continent.”

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Afreximbank
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

Oryx Energies Marketing and Communication
Email: communication@oryxenergies.com

Follow Afreximbank on:  
X: https://apo-opa.co/4z8HeuE
Facebook: https://apo-opa.co/3UkrSE8
LinkedIn: https://apo-opa.co/4jG9Bvq
Instagram: https://apo-opa.co/4zg7OCh

Follow Oryx Energies on: 
LinkedIn: https://apo-opa.co/4z9pMWR

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 2025, Afreximbank’s total assets and contingencies stood at over US$48.5 billion, and its shareholder funds amounted to US$8.4 billion. Afreximbank has investment grade ratings assigned by China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), GCR (A), Japan Credit Rating Agency (JCR) (A-), Moody’s (Baa2) and S&P Global Ratings (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.

For more information, visit: www.Afreximbank.com

About Oryx Energies: 
Oryx Energies is one of the largest and longest-established independent providers of energy products and services in Africa. Oryx Energies supplies, stores and distributes energy products needed by consumers, businesses and maritime operations, including fuels, liquefied petroleum gas (LPG) and lubricants, and also offers a specialized bunkering service. Responding to the evolving needs of the African subcontinent for over 35 years, Oryx Energies benefits from a solid depth of experience, knowledge, and expertise, accumulated in serving the energy needs of more than twenty countries.

Website: https://www.OryxEnergies.com

Venezuela’s Revised Hydrocarbons Law Ties Investor Terms to Asset Type

Source: APO


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Venezuela’s amended Organic Hydrocarbons Law has opened several distinct routes into the country’s oil and gas sector, each suited to a different type of asset and a different appetite for operational control. Heavy-oil acreage in the Orinoco Belt, mature onshore fields, offshore gas and refining are all available to international capital, and Venezuela Energy Week (VEW) 2027 will bring the companies weighing those options to Caracas to negotiate directly with PDVSA and the Ministry of Hydrocarbons.

The government made its pitch in Cape Town, South Africa last week, where Vice Minister of Commercial Policy Ricardo Gomez presented 303 billion barrels of proven oil reserves and 193 trillion cubic feet of natural gas at the Venezuela Global Investment Forum during African Energy Week (AEW) 2026. “The opportunities extend from upstream projects to downstream and refining,” he said, as PDVSA works toward its target of 105 definitive oil contracts by year-end.

Participation Contracts

The most direct route is the hydrocarbon productive participation contract (CPPH). Under it, a Venezuela-domiciled company operates a designated area at its own cost and risk for 25 years. With ministry approval, it can also market its share of production. Eni moved its Junín-5 heavy-oil field onto the model in September. The Italian company left its minority joint venture position to become exclusive operator of an asset holding 35 billion barrels of certified oil in place.

Joint Ventures

Companies preferring a partnership can enter a restructured joint venture with PDVSA. The state company keeps majority ownership, but can now hand operational management and marketing rights to its international partners. Mature fields are open through either structure, and their existing wells and infrastructure offer a quicker path to revenue. GeoPark took the contract route at the Bare field – a heavy-oil asset in the Orinoco Belt – under a 25-year agreement. It plans to reactivate up to 1,100 wells and lift output to around 90,000 barrels per day (bpd) by 2038.

Infrastructure Contracts

Direct ministerial contracts and strategic alliances cover oilfield services and infrastructure. Projects on offer include pipeline rehabilitation, export terminals and refinery upgrades. Domestic refineries currently process 350,000 bpd, and PDVSA aims to raise throughput to as much as 600,000 bpd in 2027.

Offshore Gas Follows Its Own Licensing Track

Offshore gas is awarded through a separate licensing process. bp, a Gold Sponsor of VEW 2027, operates the second phase of the cross-border Loran field. It holds the license in equal shares with Abu Dhabi’s XRG and Qatar’s UCC Oil and Gas Holding.

Tiered Fiscal Terms Support Investment Across the Value Chain

Each route to investment sits within a revised fiscal regime. Regulations published in July cap royalties at 30% and the integrated hydrocarbons tax at 15%, with combined rates of 20% for greenfield projects, 25% for extra-heavy oil, 30% for non-producing brownfields and 35% for producing brownfields. Qualifying offshore projects and developments incorporating upgrading or refining infrastructure may receive reductions of up to five percentage points.

“Venezuela is seeing a lot of interest as a result of aggressive fiscal and regulatory changes that are making the country more attractive,” Scott Gilbert, Non-Executive Chairman of Apertura Energy, told the AEW forum.

Companies entering through a CPPH will need a locally incorporated entity, and securing marketing authorization early gives operators greater control over revenue. U.S. companies also structure contracts around the conditions attached to Treasury general licenses, which govern how payments and contract law are handled in deals with PDVSA.

VEW 2027 will put those terms on the table in Caracas, with the Ministry of Hydrocarbons and PDVSA, both patrons of the event, meeting investors across two conference days and a day of site visits. By February, PDVSA’s year-end contracting drive is expected to have produced additional agreements, giving investors a clearer picture of how the revised contractual and fiscal frameworks are being applied in practice.

VEW 2027 takes place February 22–25 at the Simon Bolivar Convention Center in Caracas. Organized by Energy Capital & Power and taking place under the patronage of Acting President Delcy Rodríguez, PDVSA and the Ministry of Hydrocarbons, VEW is the country’s flagship oil and gas investment platform. To register or learn more about sponsorship and speaking opportunities, visit www.VenezuelaEnergyWeek.com.

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

Guaranty Trust Holding Company Plc (GTCO) Brings Google Pay to Both Sides of the Checkout

Source: APO

Guaranty Trust Holding Company Plc (www.GTCOPlc.com) (“GTCO” or “the Group”) today announced that two of its subsidiaries are live with Google Pay on the day it launches in Nigeria. Customers of Guaranty Trust Bank Limited (“GTBank”) can add their GTBank debit cards to Google Wallet and pay with Google Pay online, in Nigeria and internationally. Businesses that use Squad, the payment gateway run by the Group’s payments subsidiary HabariPay, can now offer Google Pay to their customers at checkout.

The Group is therefore present at both ends of the same transaction: with the person paying and with the business being paid.

For GTBank customers, the change is simple. They add their GTBank debit card to Google Wallet once. After that, they choose Google Pay at checkout, pick the card and confirm, without typing a card number, expiry date or CVV again. Google Pay replaces the card number with a secure digital token, so the merchant does not receive the actual card details. The card can be used wherever Google Pay is accepted online, including for subscriptions, travel bookings, food delivery, bills and digital services.

For businesses on Squad, “Pay with Google Pay” now sits at the top of the Squad checkout, alongside card, bank transfer, USSD, bank payments and Squad’s buy-now-pay-later options. A customer with a card in Google Wallet selects Google Pay, chooses the card, confirms, and is returned to the merchant’s site once the payment is verified. Google Pay is switched on by default for every business on Squad, and a merchant can choose to turn it off. Merchants set up for international payments can accept Google Pay from customers anywhere in the world, which opens Nigerian businesses to buyers abroad, including the diaspora. Fewer fields mean fewer points at which a customer can abandon a purchase, which matters most to the small and growing businesses that make up much of Squad’s merchant base.

Commenting on the launch, the Group Chief Executive Officer of GTCO, Mr Segun Agbaje, said: “Most failed online payments are not refused, they are abandoned. Somewhere along the way the customer gives up, and the business never learns about the sale it lost. As a customer centric Financial Services Group, we are committed to ensuring that we continue to deliver payment solutions that make transacting safe and simple for our various customer Groups. With Google Pay, what matters to us is that we are ready on both sides from the first day: a GTBank customer can pay with it, and a business on Squad can accept it.”

He added: “This is what a group structure is for. Our Bank and our Payments Business were built to do different jobs, and today they meet at the same checkout. We will keep putting the full weight of the Group behind those small moments where people decide whether paying digitally is worth the effort. When it is, everyone in the transaction wins: the customer, the merchant and the wider economy that depends on both.”

The Managing Director of HabariPay, Mrs Eduofon Japhet, said: “For a merchant, every extra field at checkout is a reason for a customer to leave. Squad businesses now get Google Pay inside the checkout they already use, so their customers can pay in a few taps with a card they have already saved. A merchant set up for international payments can now be paid with Google Pay by a customer anywhere in the world, with nothing new to integrate.”

Availability. GTBank customers can add an eligible GTBank debit card through the Google Wallet app on Android or through their Google Account. From today, Google Pay is on by default for all businesses on the Squad payment gateway, and merchants can choose to turn it off. Squad merchants set up for international payments can accept Google Pay from anywhere in the world. More information is available at www.GTBank.com and www.Squadco.com.

Distributed by APO Group on behalf of Guaranty Trust Holding Company Plc.

About GTCO Plc:
Guaranty Trust Holding Company Plc is a financial services group with operations in eleven African countries and the United Kingdom. Through its subsidiaries, which include Guaranty Trust Bank Limited, HabariPay Limited, Guaranty Trust Pension Managers Limited and Guaranty Trust Fund Managers Limited, the Group provides banking, payments, funds management and pension fund administration services. GTCO is known for strong corporate governance, innovation and a customer-centred approach, and is committed to delivering long-term value to its stakeholders.

About HabariPay:
HabariPay Limited is the payments subsidiary of GTCO. Its flagship brand, Squad, provides businesses of all sizes with tools to accept and manage payments, including an online payment gateway, payment links, virtual accounts and point-of-sale solutions.

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Home Affairs extends operational hours

Source: Government of South Africa

Home Affairs extends operational hours

The Department of Home Affairs say it will extend operational hours at all its front offices to ensure that eligible voters have access to their identity documents required to participate in the Local Government Elections on 4 November 2026.

“The extended hours will enable eligible voters to collect their identity documents or apply for identity documents and Temporary Identity Certificates (TICs),” the Department of Home Affairs said in a statement.

From 2 – 4 November 2026, Home Affairs offices will be open from 08h00 to 18:00 to enable citizens to collect completed identity documents, apply for identity documents or obtain Temporary Identity Certificates (TICs) where applicable.

On Election Day, 4 November 2026, Home Affairs offices will operate from 7am to 9pm, in alignment with the Electoral Commission of South Africa’s (IEC) operational hours.

“The Department calls on South Africans who have applied for identity documents to collect their identity documents and exercise their right to vote,” the department said.

Stakeholder forums, community structures and community leaders are requested to work closely with communities and encourage eligible voters to collect their identity documents or obtain the necessary temporary documentation before election day. – SAnews.gov.za

Edwin

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