We use cookies to improve your experience. By your continued use of this site you accept such use.
Afreximbank
Source: Afreximbank |

Government of Guyana and Afreximbank highlight opportunities under the US$1-billion oil financing facility

The policy is built on the pillars of local resource utilisation, capacity building, value retention, multi-stakeholder collaboration, and operational efficiency

The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have concluded a two-day roadshow to promote access to a US$1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference. The roadshow which was held from 21 to 22 May in…

Energy Capital & Power

  • Multimedia content

  • Images (1)
    • Africa’s Oil Frontiers Urged to Accelerate Development at Invest in African Energy (IAE) 2025
  • All (1)
Source: Energy Capital & Power |

Africa’s Oil Frontiers Urged to Accelerate Development at Invest in African Energy (IAE) 2025

Industry leaders from Eco Atlantic, SLB and NOV called on African markets to accelerate project development and leverage global expertise to turn exploration gains into production wins at the Invest in African Energy Forum in Paris

African oil and gas markets must act swiftly to turn exploration wins into production success if they hope to emulate the rapid energy transformation seen in Guyana. This was the consensus from panelists speaking on the Exploring New Territories: Technology Innovation in African E&P panel at the Invest in African…

Afreximbank

  • Multimedia content

  • Images (1)
    • Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) exchanges pleasantries with H.E. Mohamed Irfaan Ali, President of Guyana (right) during the Guyana Energy Conference
  • All (1)
Source: Afreximbank |

Afreximbank to Set up $1 Billion Oil Service Financing Facility in Guyana

Afreximbank Advocates for Increased Local Participation in Guyana’s Oil Value Chain

In a significant announcement at the Guyana Energy Conference and Supply Chain Expo being held from, February 18 - 21, Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), declared the multilateral Bank's intention to establish a $1 billion oil service financing…

Afreximbank

  • Multimedia content

  • Images (1)
    • Mrs. Helen Brume, Director, Project & Asset Finance (right) and Mr. Joseph Ilebode, Group Managing Director, JE Energy Limited (left), signing the agreement, witnessed by colleagues from both institutions
  • All (1)
Source: Afreximbank |

Afreximbank signs a $100 million Trade Finance Facility with JE Energy for the execution of Guyana crude oil export contracts

The facility is expected to help ensure that Guyana is able to trade internationally and to benefit from its natural resources while earning much needed foreign currency

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on November 5 in Cape Town, South Africa, signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favour of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana. Under the terms of the agreement signed on…

African Energy Chamber
Source: African Energy Chamber |

How Newcomers Like Namibia and Guyana Are Surpassing African Legacy Producers in Energy Investment (By By NJ Ayuk)

Recent discoveries in Namibia’s Orange Basin suggest it could hold up to three billion barrels of oil and 8.7 trillion cubic feet of natural gas, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 billion barrels

By NJ Ayuk, Executive Chairman, African Energy Chamber. The major players on the world energy production stage are well known, and particularly in the field of oil and gas, where most of them have been in the game for a long time. In Africa, countries like Algeria, Nigeria, Libya, Egypt,…

United Nations: Office of the High Commissioner for Human Rights (OHCHR)
Source: United Nations: Office of the High Commissioner for Human Rights (OHCHR) |

United Nations (UN) Human Rights Committee publishes findings on Chile, Guyana, Indonesia, Namibia, Serbia, Somalia and United Kingdom of Great Britain and Northern Ireland

The findings contain the Committee’s main concerns and recommendations on the implementation of the International Covenant on Civil and Political Rights, as well as positive aspects

The UN Human Rights Committee today issued its findings on Chile, Guyana, Indonesia, Namibia, Serbia, Somalia and the United Kingdom of Great Britain and Northern Ireland after examining the seven States parties in its latest session. The findings contain the Committee’s main concerns and recommendations on the implementation of the International Covenant on…

African Energy Chamber
Source: African Energy Chamber |

Namibia Continues to Yield Excitement, says Eco Atlantic Ahead of African Energy Week (AEW) 2024

The African Energy Chamber spoke with Eco Atlantic CEO Gil Holzman about the company’s drilling plans on the Orange Basin

The Orange Basin – extending South Africa and Namibia – has emerged a highly lucrative offshore play owing to a string of high-profile oil and gas discoveries made by global energy majors and independents in recent years. Following exploratory success on the Namibian side of the basin between 2022 and…

Pan African Visions

  • Multimedia content

  • Images (5)
    • Texas is an amazing opportunity for us to really put Africa and Africa’s message at the centre of energy in the world, says NJ Ayuk
    • The AEC delegation had robust discussions with partners and stakeholders like EnerGeo Alliance
    • In the next few weeks, we’re going to be announcing some big projects from our engagements in Houston, says NJ Ayuk
    • The presence of Deputy Assistant Secretary Joshua Volz at the African Energy Week was a strong show of US partnership in working with Africa to improve its energy fortunes, says NJ Ayuk
    • We need a global south voice to unite Africa, the Caribbean, and the African diaspora for trade and business, says NJ Ayuk pictured here With the President of Barbados and the President of Guyana at the African Caribbean Trade and Investment Forum 2023
  • All (5)
Source: Pan African Visions |

Cooperation and Investment Opportunities in Houston Charm Offensive

NJ Ayuk describes the mission to Houston as hugely critical considering strong and growing ties between the AEC and stakeholders in the energy sector across the USA

Fresh off another edition of the African Energy Week in Cape Town, South Africa, the African Energy Chamber (AEC) and its leadership is marching forward in its crusade to make energy poverty history by 2030. Led by Executive Chairman NJ Ayuk, a delegation of the AEC is on a charm…

African Energy Chamber

  • Multimedia content

  • Images (1)
    • Guyana Deserves to Develop its Oil and Gas, and so does Africa
  • All (1)
Source: African Energy Chamber |

Guyana Deserves to Develop its Oil and Gas, and so does Africa

Through collaboration, African and Caribbean nations stand to maximize the benefits of their oil and gas wealth, and countries should be allowed to fast-track development efforts

At a time when both African and Caribbean nations are making great strides towards developing recently discovered oil and gas reserves, countries whose development was driven by hydrocarbons are accelerating efforts to transition to a renewable energy future. This transition has seen wealthy nations establish a ‘green agenda,’ one which…

African Energy Chamber

  • Multimedia content

  • Images (1)
    • NJ Ayuk, Executive Chairman of the African Energy Chamber
  • All (1)
Source: African Energy Chamber |

African Energy Chamber (AEC) Advocates for Fast-Tracked Approach to Oil Development and Deals at AfriCaribbean Trade and Investment Forum (ACTF) 2023 in Guyana

Conducting a working visit for Guyana, the African Energy Chamber’s NJ Ayuk is participating in a panel at the AfriCaribbean Trade and Investment Forum 2023, advocating for a ‘sign baby sign’ mindset to oil and gas development

The African Energy Chamber (AEC) (https://EnergyChamber.org) strongly supports the development of oil and gas in Africa and remains committed to facilitating deals between African and global players. Under efforts to strengthen multilateral partnerships and bolster oil and gas deals, the AEC’s Executive Chairman NJ Ayuk is currently conducting a working visit…