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Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount.

The financing builds on engagement at the Mattei Plan-Global Gateway summit, attended by Italian Prime Minister Giorgia Meloni, European Commission President Ursula Von der Leyen, CDP, SACE and AFC, where the parties confirmed their intent to collaborate. The facility is structured to cultivate Italian supply chain opportunities in infrastructure and renewable energy generation, including the supply of components for the Lobito Railway Corridor – a commercial railway line that will run through Angola and extend to the borders of Zambia and the Democratic Republic of Congo.

This long-term facility deepens AFC’s strategic partnership with both CDP and SACE, while reinforcing its mandate to mobilise high-quality, long-tenor capital in support of delivering sustainable infrastructure across Africa.

“Cassa Depositi e Prestiti confirms its role as a strategic partner in supporting infrastructure projects with a high social and economic impact in Africa. With this financing – said Dario Scannapieco, Chief Executive Officer of CDP – we are strengthening business and technological relations between Italy and Africa, enhancing talent and innovation. We are convinced that investing in strategic projects not only creates new opportunities for our companies but also helps to build lasting and shared ties capable of fostering growth and well-being for local communities.”

“We are proud to contribute to the involvement of Italian companies in the transport and logistics sector to realise a significant strategic project like the Lobito Railway Corridor within the Mattei Plan,” said Alessandra Ricci, CEO of SACE. “This collaboration reaffirms SACE’s commitment to promoting new connections for Italian companies seeking to diversify their exports and embrace new growth opportunities.”

“Our partnership with CDP, further strengthened by SACE’s guarantee, exemplifies the power of blended finance in unlocking capital for infrastructure development in Africa,” said Banji Fehintola, Executive Board Member and Head, Financial Services, AFC. “The Lobito Corridor is a transformational project that will open new trade routes for resources, support regional industrialisation, accelerate job creation and strengthen Africa’s position in global value chains, while delivering long-term, inclusive growth.”

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

SACE Media gallery: https://apo-opa.co/4ecSix5

Media Enquiries:
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Email: communications@africafc.org

SACE
Press Office
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CDP Media Relations
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Tel: +39 06 42213990
Website: www.CDP.it

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About Lobito Corridor Rail Project:
The railway line will be approximately 830 km long and will connect Chingola in Zambia to Luacano in Angola with the aim of facilitating the transportation of agricultural products, minerals and consumer goods. The greatest opportunities for the Italian supply chain in the region lie in sectors such as energy, renewables, transportation and logistics.

About CDP:
Cassa Depositi e Prestiti is the National Promotional Institute which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets.

About SACE:
SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specialising in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60,000 companies, supporting their growth in Italy and globally, with a portfolio of insured operations and guaranteed investments totalling EU 267 billion across approximately 200 foreign markets.

About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in core infrastructure sectors. AFC has 45 member countries and has invested over US$15 billion since its inception.

UN Human Rights Chief Volker Türk warned today of the disastrous consequences stemming from ongoing and escalating hostilities across the North Darfur and Kordofan regions in Sudan, where civilian casualties, sexual violence, abductions and looting have been reported in multiple areas.

“The recent fighting and grave risk of further aggravation in an already brutal and deadly conflict raise severe protection concerns, amid a pervasive culture of impunity for human rights violations,” the High Commissioner said.

On 15 June, after a year-long siege, the Rapid Support Forces (RSF) launched a further attack on El Fasher, following months of increased mobilisation of fighters, including the recruitment of children, across Darfur. The operation, with its ground offensive to capture the city, mirrors the RSF’s offensive on the Zamzam camp for internally displaced people (IDPs) in April, which led to hundreds of civilian deaths, widespread sexual violence and a humanitarian catastrophe.

In South Kordofan state, civilians also remain trapped by the fighting between the parties vying for control of the strategic town of Al Debibat. Meanwhile, in North Kordofan state, the RSF have reportedly surrounded the city of El Obeid, currently held by the Sudanese Armed Forces (SAF) and allied groups, and may attack it in the coming days, as announced by the RSF commander.

“We know where further escalation will lead,” Türk said. “For too long already, the world has witnessed the unbound horrors unfolding in Sudan and the untold suffering of its people. Civilians must be protected at all costs. Violations and crimes must be thoroughly investigated and those responsible be held to account,” he added.

“I urge the parties to ensure civilians can safely leave El Fasher, Al Debibat, and El Obeid, as well as other places where civilians may be trapped by the conflict. All parties must refrain from attacking civilian objects, ultimately lay down their weapons and put an end to hostilities,” Türk said.

“I call on all States to exert their influence to press for a durable political solution, and to ensure respect by the parties to the conflict for international humanitarian law. I also urge them to press for an end to the flow of arms into the country, and to restrain the business interests sustaining this conflict.”

Distributed by APO Group on behalf of United Nations: Office of the High Commissioner for Human Rights (OHCHR).

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Reacting to the news that the Special Criminal Court has convicted six former combatants of the Popular Front for the Rebirth of the Central African Republic (Front populaire pour la renaissance de la Centrafrique) for crimes against humanity and war crimes, Alice Banens, Legal Adviser at Amnesty International, said:

“The decision handed down by the Special Criminal Court (SCC) in the Ndélé 2 case represents a breakthrough in the fight against impunity for serious crimes committed in the Central African Republic. Light has been shed on the atrocities committed in Ndélé in March 2020.

“However, four of the six people found guilty and given heavy sentences were convicted in absentia. Amnesty International considers that the defendant’s right to be present at their trial, to prepare their defence with their lawyer, and to address the Court directly are pillars of the right of defence, without which there can be no fair trial.

“Several suspects who are accused of serious crimes and subject to arrest warrants from the SCC are still at large. This situation continues to deprive victims of their right to truth, justice and effective reparation. The execution of arrest warrants is essential if the fight against impunity is not to be selective.”

Background

In the Ndélé 2 case, six defendants were found guilty of crimes against humanity, including murder, attempted murder, inhuman acts and persecution, and war crimes, and sentenced to between 18 and 25 years’ imprisonment. In March 2020, the town of Ndélé, in the north-east of the country, was attacked by members of the Popular Front for the Rebirth of the Central African Republic, an armed group from the former Séléka coalition. The violence left dozens dead and displaced hundreds of people.

The Special Criminal Court is a hybrid court set up in the Central African Republic in 2018. It is composed of Central African and non-Central African judges and personnel. It was created to investigate, prosecute and judge the most serious crimes committed since 2003.

The Ndélé 2 case is the third to be heard by the SCC since the effective start of its judicial work, following the Paoua and Ndélé 1 cases.

In 2020 and 2021, Amnesty International published two reports analyzing the challenges facing the SCC. The organization called for increased support for the Court and greater transparency.

Distributed by APO Group on behalf of Amnesty International.

By Rachel Mushabati, Senior Associate Attorney & Country Head – CLG Namibia (www.CLGGlobal.com)

Namibia’s recent offshore oil discoveries mark a pivotal moment in the country’s energy sector. With major players such as Shell, TotalEnergies, QatarEnergy, and Galp uncovering significant reserves, Namibia is poised to become a key oil producer. However, while exploration and production activities have gained momentum, the midstream sector; involving transportation, storage, and refining of petroleum, remains underdeveloped.

A strong legal framework for midstream infrastructure is essential to ensure that Namibia maximizes economic benefits, attracts investment, and builds a sustainable energy industry. CLG Legal and Business Advisory, with its extensive advisory experience across Africa, is uniquely positioned to support this transition. CLG has advised on midstream regulatory frameworks, infrastructure structuring, and investment promotion strategies in various jurisdictions, and brings this expertise to the Namibian context.

Understanding Midstream Infrastructure and Its Importance

Midstream infrastructure serves as the critical link between oil extraction and the end consumer. This includes pipelines, refineries, storage facilities, and specialized port infrastructure that facilitate the transportation of crude oil and natural gas. Without adequate midstream infrastructure, Namibia risks becoming an exporter of raw crude without capturing additional value through processing and distribution. A robust midstream sector can boost job creation, industrial development, and energy security, making it a strategic national priority.

Market studies from other African producers have shown that well-developed midstream infrastructure can contribute up to 30% more in local value addition compared to direct crude exports.[1] In Ghana, for instance, domestic refining and pipeline infrastructure contributed significantly to its GDP growth in the petroleum sector between 2016–2022. Namibia has the opportunity to tap into similar economic potential.[2]

Existing Legal Framework and Gaps

Namibia’s petroleum sector is primarily governed by the Petroleum (Exploration and Production) Act 2 of 1991 and the Petroleum Products and Energy Act 13 of 1990. These laws focus largely on upstream activities and the regulation of downstream petroleum products. However, there is no dedicated midstream regulatory framework. The absence of clear midstream regulations means there is little guidance on ownership structures, investment incentives, and operational guidelines for pipelines, storage, and refining facilities.

For example, Nigeria’s midstream sector prior to the Petroleum Industry Act (2021) faced significant bottlenecks due to the absence of a clear regulatory framework, particularly regarding third-party access and tariff setting for pipeline infrastructure. These issues led to investor reluctance and underinvestment, which were only addressed after the establishment of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (Nigeria Petroleum Industry Act, 2021).

Lessons from Other Oil-Producing Countries

Namibia can draw inspiration from countries that have successfully developed midstream infrastructure through effective regulation. Norway, for example, has established a robust midstream legal framework that ensures state participation in pipelines and refineries while promoting private investment.[3] Ghana has a dedicated Petroleum Midstream Regulatory Authority that oversees infrastructure development and ensures compliance with environmental and safety standards. Similarly, Nigeria’s Petroleum Industry Act (2021) introduced the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which provides clear guidelines on pipeline ownership and operations.

The Role of Key Stakeholders in Strengthening Namibia’s Legal Framework

To unlock the full potential of the midstream sector, coordinated action is required among various stakeholders:

1. Government Ministries and Regulators: Responsible for drafting legislation, setting environmental and safety standards, and issuing licenses.
2. Private Sector and Investors: Bring in capital and technical expertise, while also needing legal certainty to invest confidently.
3. State-Owned Entities: Can serve as infrastructure operators and strategic partners in public-private partnerships.
4. Civil Society and Communities: Essential for ensuring environmental accountability and social license to operate.
5. Legal Advisory Firms: Provide technical assistance in drafting laws, structuring transactions, and navigating policy reform.

Strengthening Namibia’s Midstream Legal Framework

To address the existing gaps, Namibia must develop a comprehensive legal framework that clearly defines the governance of midstream activities. A dedicated Midstream Act would be a crucial first step, providing legal certainty on pipeline infrastructure, refineries, storage, and transportation. Encouraging public-private partnerships can drive midstream development while ensuring local participation. Establishing an independent regulatory authority will help enhance transparency, streamline approvals, and enforce compliance.

Additionally, Namibia should implement policies that prioritize local employment and skills transfer, ensuring that midstream investors contribute to national workforce development. Environmental and safety standards must also be strengthened to mitigate risks associated with pipeline integrity, spill prevention, and emergency response. To further attract investors, tax breaks, duty exemptions, and streamlined licensing processes should be introduced to make Namibia a more competitive destination for midstream infrastructure development.

Conclusion

For Namibia to fully capitalize on its oil discoveries, it must establish a strong midstream legal framework that facilitates the efficient transportation, storage, and processing of petroleum resources. Without this, the country risks losing significant economic value and remaining dependent on crude exports.

By adopting best practices from other oil-producing nations and implementing strategic legal reforms, Namibia can create a thriving midstream sector that benefits both investors and citizens alike. CLG stands ready to support this transformation, leveraging its pan-African expertise in midstream regulation, infrastructure development, and legal advisory. Our team has been instrumental in shaping midstream legal regimes across West and Central Africa, and we are committed to helping Namibia build a regulatory foundation that supports sustainable growth and long-term prosperity.

Distributed by APO Group on behalf of CLG.

Contact:
Email: info@clgglobal.com
Phone: +27 11 245 5900

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The 32nd Annual Meetings (AAM2025) of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) will bring together an influential coalition of global, African and CARICOM leaders in Abuja, Nigeria from 25–27 June 2025. This high-level forum will focus on advancing trade, investment, and innovation across the continent, with Heads of State, Prime Ministers, top business executives, academics and acclaimed academics confirmed to speak.

H.E. Bola Ahmed Tinubu, President of the Federal Republic of Nigeria; former Nigerian President H.E. Chief Olusegun Obasanjo and H.E. Ambassador Albert Muchanga, African Union Commissioner for Economic Development, Tourism, Trade, Industry & Mining, are among the confirmed dignitaries.

They will be joined by ministers, central bank governors, investors, and industry leaders from Africa, the Caribbean, and beyond.

Held under the theme “Building the Future on Decades of Resilience”, AAM2025 will focus on accelerating trade opportunities, driving investment and fostering innovation.

Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, remarked:

“AAM2025 comes at a pivotal time for Africa. As the continent confronts global uncertainties, it is doing so with renewed resolve. Following the successful 31st edition of AAM held in The Bahamas last year, we are back on the African continent for this year’s meetings which are about catalysing practical action—building stronger institutions to strengthen trade integration and unlocking the full potential of African innovation. We thank H.E Bola Ahmed Tinubu, President of the Federal Republic of Nigeria for his support.”

The speaker lineup includes renowned economists and industry leaders including Professor Jeffrey Sachs, Director, Centre for Sustainable Development, Columbia University and Dr. Kishore Mahbubani, Distinguished Fellow, Asia Research Institute, National University of Singapore.

Africa’s foremost business innovation leaders such as Mr. Aliko Dangote, President & CEO of Dangote Group and Mr. Tony Elumelu, Chairman of Heirs Holdings, will also participate. The speaker lineup further includes Professor Ghulam Mufti of King’s College London, former Prime Minister of Jamaica P.J. Patterson, and other influential figures.

Afreximbank’s 32nd Annual Meetings (AAM2025) in Abuja are expected to deliver strong economic benefits, both in the short and long term. The main anticipated impacts include the trade and investment mobilisation, policy and institutional advancement and strengthening South-South cooperation and trade flows.

AAM2025 is expected to facilitate significant trade and investment deals, including Memoranda of Understanding (MoUs) and public-private partnerships. The meetings are expected to catalyse billions of dollars in funding over the next 5–10 years for key strategic sectors.

By bringing together heads of state, ministers, leaders of trade institutions, policymakers and the private sector, the meetings will advance regional dialogue on several priorities: implementing the African Continental Free Trade Area (AfCFTA), enhancing cross-border payment systems to speed up regional transactions, strengthening Africa–Caribbean (CARICOM) economic ties through expanded trade, tourism, and joint ventures, and ensuring private sector participation in policy reforms. These discussions aim to reduce business costs, improve trade infrastructure, and deepen regional economic integration.

With world-renowned economists, scholars, and entrepreneurs participating, AAM2025 will shape thought leadership on Africa’s development path.

Platforms like this influence policy, shift narratives, and inspire reforms that foster innovation, inclusion, and competitiveness. This year’s meetings will also mark the launch of several new initiatives.

AAM2025 is expected to welcome thousands of participants and media from more than 80 countries.

A full programme of events and speakers is available on www.AAM2025.com

Distributed by APO Group on behalf of Afreximbank.

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

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt. 

For more information, visit: www.Afreximbank.com

African Energy Week (AEW) 2025: Invest in African Energies is honored to welcome Ahonsi Unuigbe, Founder and CEO of Petralon Energy, as a distinguished speaker at this year’s edition in Cape Town. A driving force behind one of Nigeria’s leading indigenous upstream oil and gas companies, Unuigbe will offer valuable perspectives on the role of independent operators in Africa’s energy future, as well as the opportunities arising from sector reforms, new fiscal incentives and major IOC divestments.

Since its founding, Petralon Energy has positioned itself at the forefront of Nigeria’s upstream sector, with a mission to create value through indigenous ownership and technical excellence. In 2025, the company continues to make significant strides at the Dawes Island Field, where drilling and completion of a new well added 2,500 barrels of oil per day to Nigeria’s daily production, directly supporting national energy security and economic growth. Petralon is also pursuing strategic offshore investments through its non-operated interests in OML 127 and OML 130, part of a broader plan to strengthen its asset portfolio amid the shifting dynamics of Nigeria’s upstream sector.

Beyond its operational achievements, Petralon Energy is focused on long-term capacity building. The company launched its Future Leaders Program in 2024, aimed at equipping young Nigerian engineers with the technical, leadership and problem-solving skills necessary to drive the sector forward. Petralon’s strategic partnership and joint investment agreement with engineering firm Julius Berger Nigeria, announced earlier this year, further reflects its commitment to delivering infrastructure solutions that support sustainable field development and enhance project delivery.

At AEW 2025, Unuigbe will join key discussions on how African independents can leverage new fiscal frameworks, attract investment and form partnerships that maximize the potential of both mature and frontier assets. His participation will contribute to high-level dialogue around indigenous firms’ expanding role in shaping the continent’s energy landscape.

“Companies like Petralon Energy represent the future of Nigeria’s oil and gas sector — a future where African companies take the lead in driving production, creating jobs and delivering energy security. We are proud to welcome them at AEW 2025, where we will celebrate and support the success of local firms like Petralon that are building Africa’s energy industry from the ground up,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

Petralon Energy’s participation in AEW 2025 embodies the conference’s core theme of African solutions for African energy challenges, and reflects the growing leadership of indigenous companies in delivering the continent’s energy future.

Distributed by APO Group on behalf of African Energy Chamber.

About African Energy Week (AEW):
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

The countdown is on for the prestigious 9th Africa Property Investment (API) Awards 2025, part of the highly anticipated API Summit themed “Growth Through Adventure” taking place on 18 and 19 September 2025 at The Westin Hotel, Cape Town.  

The deadline for submissions has been extended to 30 June 2025, giving developers, consultants, suppliers, professional teams, and property owners across Africa an exciting opportunity to showcase their excellence in the continent’s dynamic real estate sector. 

Why enter the API Awards? 

The API Awards are the continent’s definitive recognition platform celebrating outstanding achievements in African real estate. Open to a wide range of participants —from developers and consultants to suppliers and property owners— the awards highlight innovation, sustainability, and impactful growth in the industry.  

Judged by a distinguished panel of over 20 industry experts and thought leaders, the awards ensure impartiality and credibility, making being named a finalist or winner a coveted accolade that significantly boosts brand exposure and credibility. This year, the judges will evaluate submissions across three key categories: Development; Personnel; Service, Technology, and Innovation.  These categories reflect the multifaceted nature of the real estate ecosystem. 

Spotlight on 2024 winners: Success stories that inspire 

The impact of winning an API Award is profound and far-reaching. Last year’s winners have not only gained industry recognition but have leveraged their awards to accelerate growth, attract investment, and amplify their influence across Africa’s property landscape. 

AlleyRoads: Best Affordable Housing Development 2024 

AlleyRoads, a South Africa-based developer, won the Best Affordable Housing Development award for their innovative Inkanyezi Village project in Katlehong, Gauteng. Ivan Pretorius, Founder and CEO of AlleyRoads, shared how the award has been transformative: 

“Winning the Best Affordable Housing Development award has highlighted that AlleyRoads plays an important and instrumental role in affordable housing development across South Africa. It has attracted select investors to invest in our group and demonstrated our dedication to improving all aspects of affordable housing.” 

Pretorius also emphasized the broader social impact of the Inkanyezi Village project that was recognised by the API Awards. Inkanyezi Village in Katlehong boasts 378 apartments that cater to lower-to-middle income households. The apartments are powered by solar panels and a battery system, ensuring supply of electricity even during load-shedding.  

“The award raised significant awareness about affordable housing in Katlehong, particularly the innovative use of off-grid power systems. Traditionally a feature of high-end residential projects, off-grid power solutions designed for affordability have improved quality of life in the lower end of the affordable housing market,” says Pretorius.  

This recognition has not only enhanced AlleyRoads’ reputation but also underscored the potential for sustainable, affordable housing solutions across the continent. 

REdimension Capital: Dealmakers of the Year 2024 

REdimension Capital, led by Peter Clark and Matt Marshall, was honoured as Dealmakers of the Year for their outstanding deal-making prowess in the South African property investment market. REdimension Capital is a South Africa based investment firm that funds early-stage technology companies improving real estate through innovation and sustainability. The API accolade has had a tangible impact on REdimension Capital.  

Says Clark and Marshall:  

“Receiving the Dealmakers of the Year award was a meaningful milestone recognizing the significant work we have undertaken. It has enhanced our visibility and credibility within the property and venture investment ecosystem, reinforcing our position as a trusted partner for real estate stakeholders and technology founders.” 

The pair says the award has also opened new doors for REdimension Capital, helping the company with its capital-raising efforts and expansion of strategic networks.   

“Since receiving the award, we have executed additional deals, deepened our pipeline, and been able to provide credible support for our portfolio companies as they add scale. It has also helped strengthen our position as a leader in driving innovation in the built environment—something we are deeply committed to as we continue to bridge the gap between traditional real estate and the next generation of technology-enabled solutions.” 

Submit Your Entry Today – Deadline Extended to 30 June 2025 

The API Awards 2025 are your platform to showcase excellence and innovation in African real estate. Whether you are a developer pushing boundaries in sustainable housing, a consultant delivering cutting-edge solutions, or a supplier enabling transformative projects, your achievements deserve to be celebrated on the continent’s biggest stage.   

Don’t miss this chance to join the ranks of Africa’s most respected property leaders. Visit the official API Summit Awards page for detailed criteria and submission guidelines: https://apo-opa.co/45xWg1g

The API Summit is Africa’s premier real estate investment event, bringing together industry leaders, investors, government officials, and innovators to explore opportunities and challenges shaping the continent’s property market.  

Distributed by APO Group on behalf of API Events.

Distributed for API Events by Dmix:  
API Events  
Murray Anderson-Ogle  
Email: Murray@apievents.com   
Contact: +27 71 890 77 39  

Social Media: 
Website: https://www.APIEvents.com/ 
Facebook: https://apo-opa.co/4e6RtG4
Instagram: @ APIsummit 
LinkedIn: API Events 

Source: Africa Press Organisation – English (2) – Report:

Marcellin Simba Ngabi, CEO of Gabonese parastatal Gabon Oil Company (GOC), is set to speak at Africa’s premier energy event, African Energy Week (AEW): Invest in African Energies 2025, which takes place in Cape Town from September 29 to October 3. Ngabi’s presence at AEW: Invest in African Energies 2025 signals a bold new era for state-led energy development as GOC transitions from a partner in operations to a primary driver of upstream growth and regional integration.

Ngabi’s participation comes shortly after the GOC’s landmark $300 million acquisition of oil and gas company Tullow Oil’s entire Gabonese portfolio, a transaction that includes 10,000 barrels per day (bpd) in production and 36 million barrels of proven reserves. The acquisition underscores GOC’s strategic push to ramp up national oil production and attract new investment into Gabon’s energy sector. During AEW: Invest in African Energies 2025, Ngabi is expected to share insight into the company’s portfolio expansion, detailing how this recent acquisition supports the country’s broader production goals.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

With over two billion barrels of proven oil reserves and significant gas potential, Gabon is reasserting its position as one of Africa’s most promising energy frontiers. As the country seeks to boost production to 220,000 bpd, GOC is spearheading efforts to optimize mature fields, unlock value from marginal assets and fast-track project development. Recent developments include the GOC’s oilfield development partner BW Energy’s fast-tracked production start at the Hibiscus South satellite prospect, situated in the Dussafu license, which added 5,000-6,000 bpd within five months of discovery. Meanwhile, in 2024, GOC completed the acquisition of the private equity company Carlyle Group-owned Assala Energy – adding seven onshore licenses, a pipeline network and the Gamba export terminal to its portfolio. These milestones highlight GOC’s commitment to rapid asset turnaround and production growth.

Beyond oil, GOC is advancing Gabon’s Gas Master Plan to monetize the country’s three to five trillion cubic feet of natural gas reserves. Strategic initiatives include independent oil and gas company Perenco’s $1 billion Cap Lopez LNG terminal – set to come online in 2026 – and the Batanga LPG plant, which became operational in December 2023. These efforts form part of a broader national drive to reduce flaring, strengthen downstream industries and diversify the country’s energy mix.

At AEW: Invest in African Energies 2025, Ngabi is expected to showcase Gabon’s revitalized upstream agenda, highlight new investment opportunities across the oil and gas value chain and outline the national oil company’s vision for leveraging international partnerships to drive sustainable growth. His participation is also set to highlight how national oil companies are transforming Africa’s energy narrative through bold acquisitions, technology adoption and regional cooperation.

“Gabon’s recent acquisitions and project milestones position the country as a rising force in Africa’s upstream resurgence. Ngabi’s participation at AEW: Invest in African Energies 2025 reinforces the central role national oil companies are playing in unlocking Africa’s energy future, and we look forward to his insights on Gabon’s strategic roadmap,” stated Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber.

– on behalf of African Energy Chamber.