South Sudan attracts oil investment
South Sudan is pursuing reforms to revive foreign investment across its oil and energy sector, aiming to unlock its hydrocarbon potential and increase production.
With 3.5 billion barrels of proven oil reserves and output of 70,000–100,000 barrels per day, the country is seeking clearer regulations, improved project execution and greater participation from international operators.
The government is also targeting investment in gas, power and infrastructure while strengthening local content initiatives to create jobs and boost economic benefits from the energy sector.
Afreximbank backs Algeria oil project
African Export-Import Bank (Afreximbank) has approved a $200 million financing facility to support Shoreline Power Company and Arkad’s role in Algeria’s $980 million Hassi Bir Rekaiz (HBR) Field Development Phase 2a project.
The funding will support Arkad’s EPC contract obligations, guarantees and working capital needs.
The project is expected to increase Algeria’s oil production capacity from 13,000 barrels per day to 50,000–60,000 barrels per day, while creating about 6,000 jobs and strengthening African engineering capabilities.
Service firms fuel Angola’s energy growth
Service companies are playing an increasingly important role as Angola enters a new oil and gas investment cycle.
Firms including Siemens Energy, Copia Group, Angola Environmental Serviços, KAESO Energy Services and FAMAR Energies are supporting projects across power, engineering, logistics and industrial services.
Siemens Energy is developing an 80 MW power plant for the Kaminho FPSO, while Copia is deploying AI-based technologies for seismic analysis and oilfield management.
Environmental, engineering and maritime service providers are also expanding capabilities to support Angola’s estimated $70 billion upstream investment pipeline.
MPT boosts Africa data infrastructure
Master Power Technologies (MPT) has launched a new Customer Experience Centre and regional headquarters in Midrand, South Africa, strengthening its role in Africa’s growing data centre infrastructure market.
The 6,000m² facility, backed by a R50 million ($3 million) investment, features advanced testing platforms for UPS and cooling systems, supporting reliable critical power solutions.
ExxonMobil drives Block 15 redevelopment
ExxonMobil is advancing its Angola offshore strategy through the redevelopment of Block 15, following the award of an EPCI contract for the Likembe Redevelopment 2.0 Project. The subsea tie-back project aims to restore and increase production by leveraging existing infrastructure and extending the life of the mature asset.
The company, which operates interests in Blocks 15, 17 and 32, continues to support Angola’s goal of sustaining output above one million barrels per day while exploring future opportunities.
Africa seeks more mineral value
African ministers and development partners have called for greater value addition and local processing of critical minerals to drive industrialisation, job creation and economic transformation.
At a forum in Abidjan organised by the African Development Bank, participants stressed the need to move beyond raw mineral exports by developing regional value chains, beneficiation capacity and competitive industries.
Africa holds around 30 per cent of global critical mineral deposits, including cobalt, lithium and copper, but captures limited economic value due to insufficient local processing and infrastructure.
Cassava advances cloud security
Cassava Technologies has strengthened Africa’s digital infrastructure after its subsidiary Africa Data Centres was designated a Microsoft Azure ExpressRoute Metro peering location in Johannesburg.
The move enhances cloud connectivity, security and resilience across the continent. Through Liquid C2, customers can access Secure CloudConnect, a managed service combining private cloud connectivity and cybersecurity solutions.
The Johannesburg facility becomes Africa’s first ExpressRoute Metro location, supporting stronger business continuity and data protection.
AEC urges Venezuela energy investment
The African Energy Chamber (AEC) is urging global energy companies and investors to support Venezuela’s energy sector revival as the country reopens to international partnerships.
With more than 300 billion barrels of proven oil reserves and 195 trillion cubic feet of gas resources, Venezuela aims to restore production to up to 3 million barrels per day through reforms, redevelopment projects and foreign investment.
International operators including Shell, BP, Repsol and Eni are expanding activities, while opportunities remain in upstream, refining and gas infrastructure.
Africa calls stronger global role
African leaders and development partners have called for greater collective action to strengthen the continent’s geopolitical influence and economic resilience at the 2026 African Economic Conference in Abidjan.
Speakers stressed that Africa must move beyond its role as a raw material supplier by building industrial capacity, resilient trade systems and stronger regional integration. Dr Sidi Ould Tah, African Development Bank President, highlighted the need for greater autonomy, competitiveness and influence, while UNDP and OECD representatives called for stronger institutions and diversified financing.
Zero Waste expands Africa climate links
TUrkiye’s Zero Waste Foundation President and COP31 High-Level Climate Champion Samed Ağırbaş held talks in Addis Ababa to strengthen climate cooperation with Ethiopia and African institutions.
Discussions focused on COP31 preparations, circular economy solutions, climate resilience and Africa’s sustainable development priorities.
Meetings with Ethiopian officials, the African Union and UN Economic Commission for Africa explored opportunities for regional collaboration on resource efficiency, climate finance and green development.