Democratic Republic of the Congo's (DRC) Hydrocarbons Minister to Speak at Invest in African Energy (IAE) 2025 Amid Renewed Exploration Drive
With an estimated 5 to 22 billion barrels of oil reserves, the DRC is advancing a pro-investment agenda focused on enhancing transparency, improving operational efficiency and accelerating upstream activity – efforts that are already yielding results. In May 2024, Perenco's subsidiary, Muanda International Oil Company, achieved the DRC's first offshore oil discovery in nearly three decades with the Moke-East well in the Coastal Basin. To fast-track exploration and strengthen national participation, the government also recently approved a decree granting state-owned S ociété Nationale des Hydrocarbures du Congo the rights to Blocks 1 and 2 in the Albertine Basin, one of the country's most promising zones for oil exploration.
IAE 2025 (https://apo-opa.co/4cHC9it) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
In a key regional development, the DRC and Angola signed new terms for the co-development of offshore Block 14 during the Angola Oil&Gas 2024 conference. Straddling the maritime border between the two nations, Block 14 boasts a production capacity of 3.29 million barrels per year and is operated by Chevron's local subsidiary, Cabinda Gulf Oil Company, alongside partners Eni, etu energias and Sonangol. The agreement, formalizing nearly two decades of negotiations, is poised to encourage further investment and strengthen cross-border petroleum trade.
Minister Molendo's presence at IAE 2025 will offer delegates valuable insights into the DRC's evolving energy landscape – spanning hydrocarbons, energy and mining – and the government's integrated approach to sustainable resource development. As the DRC strengthens linkages across its extractive industries, the Minister is expected to outline emerging opportunities in exploration, infrastructure and local content development. He joins a high-level lineup of African energy leaders, including ministers from Nigeria, the Republic of the Congo, Mauritania, Gabon, Guinea-Bissau and Liberia, underscoring the summit's role as a premier platform for pan-African energy dialogue and investment.
Distributed by APO Group on behalf of Energy Capital&Power.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
African Development Bank and Invest in Africa Sign $850,000 Grant Agreement to Boost Inclusive Green Jobs in Ghana and Senegal
The African Development Bank ( has signed a $850,000 grant agreement with Invest in Africa (IIA), a non-profit organization, to support the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal. Titled, Strengthening Women, Youth, and People with Disabilities' Micro-Entrepreneurship for Green Jobs in Natural Resources, this initiative aims to generate up to 500 green jobs, focusing on the agroforestry, fisheries, and biodiversity conservation sectors. It is funded through the Bank's Fund for African Private Sector Assistance (FAPA), alongside an initial $1 million grant commitment by the Bank's Youth Entrepreneurship and Innovation Multi-Donor Trust Fund to support the project over two years. These targeted sectors hold high potential for climate-resilient employment and require a skilled workforce capable of managing ecosystems and deploying green technologies. Despite their potential, women and youth in Africa remain largely underrepresented in Africa's sustainable growth sectors. Increasing their participation, especially in employment-intensive green industries, could accelerate inclusive and resilient economic development across the continent. The FAPA grant will fund the Capacity Development and Value Chain Enhancement component of the MicroGREEN project. Many small and medium enterprises (SMEs) in fragile or transitional economies like Ghana and Senegal face limited access to entrepreneurship training and business development services. These constraints are particularly acute for women- and youth-led enterprises and are compounded by high service costs and systemic socio-economic and gender-based barriers. To help address these challenges, the MicroGREEN project will deliver high-quality entrepreneurship training, tailored business development services, and mentorship programs for women, youth, and people with disabilities in agriculture-based sectors. By strengthening capacity and integrating micro enterprises into green value chains, the project seeks to stimulate local job creation and promote inclusive participation in Africa's green economy. Invest in Africa will serve as the implementing partner for the project. As a non-profit organization, IIA is dedicated to supporting African SMEs by facilitating market access, developing skills, and improving access to finance. FAPA is a multi-donor trust fund that supports technical assistance and capacity building initiatives aligned with the African Development Bank's Private Sector Development Strategy. The Government of Japan is FAPA's primary donor. Since its inception, FAPA has financed over 100 projects across more than 38 African countries, committing more than $80 million to improve business environments, deepen financial systems, and foster the growth of micro, small, and medium enterprises. FAPA funding allows the Bank to play a more active role in upstream project preparation, thereby strengthening the pipeline of bankable private sector operations. Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Zawya
3 hours ago
- Zawya
Briefing Highlights: How the African Development Fund is Financing Africa's Future in a Shifting Global Landscape
The African Development Fund, the African Development Bank Group's ( concessional financing arm, was the focus of a special edition of the African Transformation Briefing co-hosted by the African Center for Economic Transformation (ACET) and the Global Strategic Communications Council. Moderated by ACET Communications Manager Belinda Ayamgha, the session was held virtually on 29 July 2025. The media-focused event convened development partners, journalists, and policymakers for an in-depth conversation on the Fund's role in financing economic transformation across 37 low-income African countries, nearly half of which are classified as fragile states. Valerie Dabady, Manager of Resource Mobilization and Partnerships at the African Development Bank, delivered a keynote presentation outlining the Fund's catalytic impact, financing structure, and evolving strategic direction. She underscored the Fund's ability to channel investments in areas such as climate resilience and regional integration through concessional resources tailored to country-specific needs and highlighted plans to expand its resource base. 'With 37 member countries and over $45 billion in investments since inception, the African Development Fund is a cornerstone of Africa's development financing architecture,' Dabady said. 'As we look toward the future, innovations like market borrowing and expanded donor engagement will be critical to increasing our impact.' The briefing also featured a country perspective from Joseph Chanda, Assistant Director for Economic Management and Planning in Zambia's Ministry of Finance. Chanda highlighted how Zambia is leveraging African Development Fund resources to accelerate infrastructure development, build climate resilience, and deepen regional integration. 'ADF financing has played a transformative role in Zambia,' he noted. 'By allocating just 10% of our national resources to the Lobito Corridor, we were able to leverage over $330 million in regional window co-financing. These are the types of investments that build real economies and regional prosperity.' The Lobito Corridor, a strategic rail and road project connecting Angola, the Democratic Republic of Congo, and Zambia, is among the largest regional integration initiatives currently under preparation with support from the African Development Fund. With a $500 million commitment, the Fund is helping to finance and de-risk the project, which is expected to catalyze investment in logistics, agriculture, and mining, particularly in critical minerals vital to the global energy transition. Chanda also referenced the Kazungula Bridge Project, a regional integration initiative co-financed by the Fund with an investment of $68 million. Completed in 2021, the 923-meter-long bridge spans the Zambezi River, connecting Zambia and Botswana and replacing a long-standing ferry service. The project also includes One-Stop Border Posts on both sides of the bridge, significantly streamlining customs procedures and reducing transit times along the North–South Corridor. It supports intra-African trade, enhances regional logistics efficiency, and has become a key node for trade between Southern and Central Africa. Participants raised questions on donor engagement, capital market access, and the future structure of the Fund. Dabady reaffirmed the Bank's ongoing efforts to attract non-traditional partners and finalize approvals that would enable the Fund to access capital markets. 'The ADF has long flown under the radar,' she said. 'But this is a pivotal moment to raise its profile, demonstrate impact, and unlock greater investment for Africa's most pressing priorities.' The session concluded with a call to action from Kerezhi Sebany, Africa Director for Economic Opportunities at the ONE Campaign. 'We must shine a light on the African Development Fund,' she said. 'When people know what the Fund is and what it delivers, it fosters transparency, trust, and partnership. Now is the time to tell the ADF story and tell it boldly.' The African Development Fund is currently undergoing its 17th replenishment cycle (ADF-17). The next consultative meeting with development partner representatives will be held virtually on 18-19 September 2025. This will be followed by a meeting in Lusaka, Zambia in October, where Zambia government representatives will share results and country-level experiences. The final pledging session for ADF-17 is scheduled for December 2025. Watch the briefing: Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Zawya
5 hours ago
- Zawya
Crypto scams are evolving; Here's how Binance is helping users stay safe
As cryptocurrency adoption grows rapidly across Ethiopia and the African continent, it is more important than ever for users to only trust official Binance ( channels for information, updates, and support. Scammers are using increasingly sophisticated methods, including AI-driven deepfakes and fake websites, to mislead users. Binance encourages its community to stay informed, secure, and vigilant by following essential safety practices. 'Staying safe in the world of cryptocurrency requires vigilance, education, and common sense,' says Samukele Mkhize, Binance's Africa Compliance/MLRO. 'By understanding how scams work and using trusted tools and official channels, Ethiopian and African users can enjoy crypto securely and confidently.' Important Tips to Protect Yourself on Binance Be Cautious of Unsolicited Messages One of the biggest red flags is receiving unsolicited messages from someone claiming to be from a cryptocurrency platform like Binance. No legitimate company will ever contact you directly to ask for money, personal details, or investment advice. Binance will never call you to request funds or account details. Always be sceptical of unsolicited offers, especially those that come with pressure to act quickly. Use Only Official Binance Channels Before making any financial decisions or taking action, double-check the information through official channels. For users in Ethiopia and Africa, that means relying on: The official website: The verified Binance app via Google Play or App Store Binance's official social media profiles and local Telegram communities Binance Academy for educational content: Avoid third-party websites such as: (Ethiopia), (Ghana) These sites are not affiliated with Binance and should not be trusted. Always ensure you're using crypto services that comply with local laws and regulations. Binance works closely with regulators to promote safe, legal access to digital assets. Avoid unlicensed platforms that may put your money, and personal data, at risk. Educate Yourself on Cryptocurrency A big part of staying safe is having a basic understanding of how cryptocurrencies and exchanges like Binance work. The more educated you are about the crypto world, the less likely you are to fall victim to scams. Binance Academy offers resources that explain the fundamentals of digital assets, blockchain technology, and safe trading practices. Trust Your Instincts If something feels off, it probably is. Scammers often create a sense of urgency, pushing you to make fast decisions or share personal information. A legitimate company will never rush you into making a financial decision. Take your time, ask questions, and don't be afraid to step back and evaluate the situation. Use Strong Security Measures Ensure that your crypto accounts are protected by strong passwords and two-factor authentication (2FA). This adds an extra layer of protection to your accounts, helping to keep your assets secure. Never share your private keys, passwords, or login information with anyone. Be Aware of Deepfakes and AI-Generated Content Scammers are increasingly using AI and deepfake technology to impersonate people, including executives from companies like Binance. These deep fakes can be very convincing, but remember that no real company representative will ask you to send money or invest in a project through video calls or social media DMs. Understand the Role of Crypto Platforms It's important to know that cryptocurrency platforms like Binance are tools for buying, selling, and managing digital assets. These platforms provide access to the crypto space, but they are not financial advisors. They don't offer investment advice or guarantee returns. If anyone claiming to be from a crypto platform offers investment advice or asks for money, it's likely a scam. Report Suspicious Activity See something off? Report it immediately through Binance Support ( and alert local law enforcement if needed. Keep Your Personal Information Private Finally, always be mindful of the information you share online. Scammers often target individuals who share excessive personal information or are overly trusting online. Be especially careful with your online presence, especially on social media. Binance is committed to working with African regulators to promote safe, compliant crypto access. Always avoid unlicensed services that could expose you to unnecessary legal or financial risks. Distributed by APO Group on behalf of Binance.
