S&P Global Commodity Insights Co-President Mark Eramo Joins African Energy Week (AEW) 2025 as Speaker
As an independent source of information, credit ratings, benchmark prices and analytics for global energy and commodities markets, S&P Global Commodity Insights plays an instrumental part in supporting decision-making across the industry through its world-class market data and expertise. At a time when the continent's energy industry is experiencing rapid growth, this data proves highly valuable as companies look towards new frontiers, target increased production and assess opportunities in infrastructure-led exploration.
Amid the anticipated decline in mature assets, many major oil producers in Africa have set ambitious production goals, incentivizing innovative exploration strategies to achieve these targets. Libya targets two million barrels per day (bpd) by 2027 through the resumption of exploration. International energy companies to the likes of TotalEnergies, Eni, Repsol, OMV and bp have returned to the market, with ongoing drilling anticipated to yield positive results. Angola seeks to sustain output above one million bpd, introducing an Incremental Production Initiatives in tandem with annual licensing rounds to achieve this goal. The country is also promoting frontier opportunities, with exploration agreements signed with Vietnam's XTG and Canada's Recon Africa for the underexplored Etosha-Okavango basin. Algeria plans to inject as much as $50 billion into hydrocarbon projects in the next four years, seeking to drive exploration and bolster oil and gas production.
In the natural gas space, the continent is rapidly emerging as a major global LNG contender. Senegal and Mauritania began production at the Greater Tortue Ahmeyim project in late-2024, positioning the region as an LNG producer. The Republic of Congo's Congo LNG project will start production at its second phase in 2025, following the start of operations at phase one in early-2024. The TotalEnergies-led Mozambique LNG project is slowly regaining momentum, with a $4.7 billion loan from the U.S. Export-Import Bank re-approved in March 2025. Production is targeted for the end of the decade. Meanwhile, the Tanzanian government aims to ratify the terms of the $42 billion Tanzania LNG facility by October 2025, while Angola has committed to increasing production capacity at the Angola LNG plant through non-associated gas projects. These projects are expected to diversify Africa's energy industry while establishing key opportunities for revenue generation, sustainable development and economic growth.
Stepping into this picture, Eramo's participation at AEW: Invest in African Energies will support dialogue and deals at this year's conference. As a speaker, Eramo will share crucial insights into the state-of-play of Africa's energy and commodities markets. The company has-longed provided key information that support the continent's energy goals and will be instrumental at this year's AEW: Invest in African Energies conference. S&P Global Commodity Insights is also a Strategic Partner of the African Energy Chamber (AEC), supporting both the company and AEW: Invest in African Energies' goals to make energy poverty history by 2030.
'As the continent's energy industry continues to evolve, insights and expertise by global information providers such as S&P Global Commodity Insights proves highly valuable. By providing high-level data and analytics, the organization supports decision-making, investments and collaboration,' states Tomás Gerbasio, VP Commercial and Strategic Engagement, AEC.
Distributed by APO Group on behalf of African Energy Chamber.
AEW: Invest in African Energies:
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
34 minutes ago
- Zawya
Beltone Mortgage successfully concludes its first EGP1.32bln securitization issuance
Cairo: Beltone Mortgage has successfully completed its first securitized bond issuance, with a total value of EGP1.32 billion. Beltone Investment Banking, acted as Financial Advisor, Lead Arranger and Bookrunner. The issuance, executed under Beltone Securitization's second program, attracted strong investor demand with 2.3x oversubscription, reflecting market confidence in the quality of Beltone Mortgage's portfolio and the strength of its financial position. The bond is structured into four tranches. Tranche A is valued at EGP551 million, carries a tenor of 24 months, and has been rated AA+. Tranche B amounts to EGP328 million, with a 36-month tenor and a rating of AA. Tranche C is EGP238 million over 48 months, rated A-, while Tranche D stands at EGP 203 million, with a 60-month tenor and also carries an A- rating. Hassan Abdelnabi, CEO of Beltone Mortgage, commented: 'This first securitization issuance marks a strategic turning point for Beltone Mortgage. It reflects the strength and quality of our mortgage finance portfolio and reinforces our ability to structure innovative funding solutions that support our sustainable growth ambitions.' Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone, stated: 'This issuance represents another step in our expansion within Egypt's structured finance space. It reaffirms our leadership in the local debt capital market and our commitment to delivering scalable, customized financial solutions to meet the evolving needs of our clients.' Fahd Elhadidy, Deputy CEO and CFO of Beltone Mortgage, added: 'The structure of this issuance reflects our disciplined financial strategy balancing attractive risk-adjusted returns for investors with long-term funding objectives that support the sustainable growth of our mortgage business.' The transaction was supported by key institutions. Matouk Bassiouny & Hennawy acted as Legal Advisor, while KPMG served as the External Auditor. Abu Dhabi Commercial Bank served as both Custodian and Backup Servicer, and Banque Du Caire acted as the Placement Agent. The issuance was underwritten by National Bank of Egypt, Banque Du Caire, Al Baraka Bank, and Ahli Bank of Kuwait. Participating subscribers included Abu Dhabi Commercial Bank, SAIB, the Industrial Development Bank (IDBE), and Housing and Development Bank. About Beltone Mortgage: Beltone Mortgage is a wholly-owned subsidiary of Beltone Holdings, specializing in real estate finance. It aims to provide distinctive financing solutions for individuals and companies operating in the real estate sector. Through its diverse financial solutions and quality advisory services, Beltone Mortgage strives to be a leader in the real estate finance industry, building sustainable relationships with its clients. The company is committed to maintaining its market leadership by investing in its employees, technology, and operational quality under the motto "Easier, Faster, Smarter." For more information, please visit the company's website: About Beltone Investment Banking: Beltone Investment Banking, a wholly owned subsidiary of Beltone Financial Holding, is a regional one-stop-shop for advisory and capital raising. With a team of skilled professionals who have accumulated critical knowledge and expertise from dealing with leading regional and international investment banks, Beltone Investment Banking has successfully executed deals totaling EGP 122 billion across local and regional markets, with regional mandates that capitalize on high-growth sectors. About Beltone Holding: Beltone Holding ( is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The Company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing. The company has an ambitious vision to revolutionize the financial sector in the region, leveraging the global expertise and knowledge of its team to provide innovative, value-added solutions, create additional opportunities for its clients, enhance market value, and achieve impactful results. For more information, please visit the company's website:
Zawya
35 minutes ago
- Zawya
UAE firm begins work on 50MW solar project in Central African Republic
UAE-based Global South Utilities (GSU), a resources investment company, has officially broken ground on a 50-megawatt solar photovoltaic (PV) power plant in Sakaï, Central African Republic (CAR), marking a major step forward in the country's energy access and clean energy transition. The project is expected to supply clean electricity to more than 300,000 households and to offset over 50,000 tons of carbon dioxide emissions each year. It will also include a 10 megawatt-hour battery energy storage system (BESS) to enhance grid stability and ensure continuous power availability. In addition to improving energy availability, the initiative will create new employment opportunities in the renewable energy sector, supporting local skills development and economic inclusion, said a statement. The groundbreaking ceremony was attended by Faustin-Archange Touadéra, President of the Central African Republic, Pascal Bida Koyagbele, Minister of state for strategic investments and major work, along with senior government officials and GSU leadership. 'For the Central African Republic, this project will play a key role in expanding energy access to communities across the country,' said Ali Alshimmari, Managing Director and CEO of GSU. 'It represents another milestone in our commitment to delivering clean, scalable energy solutions in places that others may see as difficult - but which we view as gateways to opportunity and sustainable growth.' The Sakaï solar project follows the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and CAR in March 2025, which aims to deepen bilateral trade and investment across key sectors. This plant is part of GSU's growing portfolio of clean energy projects across Africa, reinforcing the UAE's commitment to climate-friendly investments and practical economic partnerships with countries in the Global South. - TradeArabia News Service Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
35 minutes ago
- Zawya
Debt swap momentum mounts in Africa: IFR
African countries are clamouring to follow the lead of Ivory Coast's recent debt-for-development swap, according to one of the landmark World Bank-backed deal's new money lenders. 'The same logic can be replicated to another jurisdiction, focusing on a sector that's a priority for them,' said Ankit Khandelwal, head of Africa for sovereigns, development finance institutions and blended finance at MUFG, citing healthcare as one possible alternative to Ivory Coast's commitment to use some of its DFD savings for education. Khandelwal reports engaging with 'multiple' African sovereigns on potential DFD deals, with some requesting case studies. 'There is a lot of interest. That approach gives the ability to a country to actually lock in some of the savings using the power of a partial World Bank guarantee and channel those savings into an area that is priority for that country.' The groundbreaking new Gaia blended finance platform – which MUFG has been instrumental in bringing to market – may also be integrated into DFD structures. "If the underlying project is aligned with the goals of Gaia, then absolutely,' he said, noting that Gaia can also provide competitive financing in local currency. The climate adaptation-focused platform, which will become operational shortly, should provide complementary capacity to the Japanese bank's existing blended finance efforts. "One of the key reasons for us getting involved in Gaia is to look at some of those smaller but essential projects,' said Khandelwal. He said MUFG is "already engaged' with African sovereigns to identify projects that could be financed under Gaia. Nine of Gaia's 25 targeted sovereigns are in Africa. Gaia has also been a catalyst for efforts by MUFG to involve philanthropic investors in its blended finance deals. "We are getting into that space. We are in conversation with some of them on specific transactions," Khandelwal said. Middle East expansion MUFG is expanding its blended finance effort to emerging Middle East economies such as Jordan and Iraq, according to Khandelwal, who recently relocated to Dubai from London to facilitate the new push. He expects to retain the bank's existing focus on all types of infrastructure financing, including roads, rail, airports, ports, hospitals and schools – 'the whole spectrum of social infrastructure'. MUFG's 'slightly unique' approach also sees it focus on the long tenor end of the spectrum of the debt financing requirements. That "is where the blended finance product really comes through and provides the added advantage for the borrowers', according to Khandelwal. With capital requirements limiting bank appetite in this area, it emphasises mobilising non-bank liquidity from life insurers and pension funds globally. This also requires working closely with providers of credit enhancement, including multilateral development banks, export credit agencies and newer entities such as the Green Guarantee Company. Investor demand for well rated infrastructure debt in emerging markets remains strong, Khandelwal said. 'When investors are confident the deals are being structured [well], there is definitely demand there.' This in turn can drive blended finance pricing to competitive levels, though not to the concessional levels provided by donors. The recent lowering of western aid has made this financing rarer, however, and has forced some African sovereigns to seek alternative sources. Against this background, Khandelwal expects public/private PPP structures to grow as a way of delivering infrastructure 'without leveraging government balance sheets any further", citing the Lobito Corridor rail project in west Africa.
