Swvl set to disrupt commuter service

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Swvl set to disrupt commuter service

Staff Writer - January 9, 2020

Swvl is here to stay, its top executive has said. Following reports in December that the travel company which has jumped into the chaotic...

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Africa is seeking to move beyond being a raw material supplier and establish itself as a critical energy player, government leaders said at African Energy Week (AEW) 2025: Invest in African Energies, highlighting investment opportunities, energy transition based on domestic resources, and the need for predictable policies for investors. Anatole Collinet Makosso, Prime Minister of the Republic of Congo, said the continent must leverage its vast oil and gas resources – as well as solar, geothermal and wind potential – to drive development. “Without energy justice, energy transition is an illusion,” he said. “To offer clean, affordable and reliable energy is not an option – it’s an imperative. Our need for development cannot be sacrificed. We need to support energy transition fully, but it must be based on our gas and petroleum resources.” Makosso highlighted key projects including Eni’s Congo LNG initiative, the recently licensed deepwater Nzombo block, the Banga Kayo gas monetization project and Perenco’s ongoing modernization and drilling works to extend field lifespans. “These initiatives are part of the national and continental strategy. Africa must no longer be considered as a provider of raw materials – it must be considered as a critical energy player,” he said. He called the continent “the investment opportunity of the century,” stressing that the goal is not merely to attract capital but to build a competitive, sovereign Africa. Nigeria’s Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), outlined measures the country has taken to boost investor confidence and expand production, including an Executive Order signed earlier this year to reduce production costs. The sector overhaul has already spurred significant activity, including $5 billion in new Shell investment in Bonga North, planned investments in Bonga Southwest and other deepwater projects, and the restructuring of state-owned NNPC into a commercially viable company. “Investors want predictability, efficiency and incentives, as well as alignment between stakeholders and industry,” he said. Lokpobiri also pointed to successes from asset divestments as evidence of Nigeria’s growing strategic role. “The companies that acquired IOC assets – Renaissance acquiring Shell’s onshore and shallow-water assets, Seplat acquiring ExxonMobil’s, Oando acquiring Eni’s – between the time the divestments were enabled and today, we have increased production by at least 200,000 barrels per day. That shows that divestment was the right decision,” he said. Looking ahead, Lokpobiri urged Africa to capture more of global oil and gas capital expenditure, and to “transition from being net importer to strategic value creator.” He also emphasized the need for partnerships rather than energy abandonment: “No continent or country is slowing down. What is needed is to reduce emissions, not abandon any form of energy, and what we need from the West is partnership.”

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As global carbon markets shift from rule‑setting to real transactions, with Article 6 mechanisms advancing and compliance‑driven demand such as CORSIA coming into sharper focus, attention is turning to where credible supply and policy certainty can be delivered at scale. For Africa, this marks a transition from carbon market readiness to delivery. Against this backdrop, the Carbon Markets Africa Summit (CMAS) 2026 will take place from 13–15 October 2026 in Kigali, Rwanda, bringing together policymakers, investors, buyers, project developers and market enablers at a pivotal moment for global carbon markets. The Summit is delivered with the support of the Ministry of Environment of Rwanda, in partnership with the United Nations Development Programme (UNDP), the African Development Bank (AfDB), the Development Bank of Southern Africa (DBSA) and AUDA‑NEPAD, and with support from private sector partners such as SGS and Anthesis. Rwanda has emerged as one of Africa’s most advanced carbon market jurisdictions, with active engagement under Article 6 of the Paris Agreement and a strong focus on mobilising climate finance. “Rwanda has made a deliberate choice to position carbon markets as a tool for climate action, investment mobilisation and long-term development,” said Dr. Bernadette Arakwiye, Minister of Environment, Rwanda. “Hosting CMAS 2026 reflects our commitment to building credible and investable carbon projects that deliver real value for our economy, communities and climate goals.” At a continental level, carbon markets are increasingly seen as a strategic financing mechanism for development. “The Summit provides a timely platform for African countries to shape the future of carbon markets in line with the continent’s development priorities, and reflects the growing momentum to build credible, high-integrity markets that deliver real value”, said Olufunso Somorin, Regional Principal Officer, Climate Change and Green Growth Programme, African Development Bank. “The Bank remains committed to working with our countries and partners to strengthen the policy, regulatory, and institutional frameworks needed to scale carbon markets, attract investments, and ensure Africa is well-positioned in global carbon markets.” “As Africa transitions to a low‑carbon economy, the mobilisation of private capital is needed at scale to support climate mitigation activities and build climate‑resilient infrastructure,” said Kumesh Naidoo, Carbon Markets Lead at the Development Bank of Southern Africa (DBSA). “As a regional DFI, the DBSA recognises the importance of carbon markets as a climate finance tool and has intentionally stepped forward to support their development through carbon financial instruments, capacitation support and the building of a robust carbon project pipeline. Partnering with CMAS 2026 provides the DBSA with a platform to advance these objectives.” CMAS 2026 is held under the theme: “Africa’s Carbon Markets on the Global Stage: Delivering a Strong Pipeline of Projects, Capital and Transactions at Scale”. As scrutiny on carbon market integrity intensifies, Africa’s carbon assets are increasingly viewed as tools for financing development and strengthening economic sovereignty. “High‑quality carbon markets offer Africa a unique opportunity to translate its vast natural capital into tangible economic value – mobilising finance at scale while empowering countries to pursue development pathways that are both sustainable and sovereign,” said Maxwell Gomera, UNDP Resident Representative in South Africa and Director of the Africa Sustainable Finance Hub. Designed as a market‑enabling platform, CMAS 2026 focuses on alignment between policy, capital and delivery. “We are deliberately shifting the focus from readiness to delivery,” said Emmanuelle Nicholls, Group Director: Green Economy at VUKA Group, the Summit organisers. “CMAS brings policy, capital and projects into the same space to support real transactions and long‑term market credibility.” The programme includes Article 6 and CORSIA workshops, investor and buyer roundtables, curated project presentations, deal rooms and solution‑labs addressing key bottlenecks such as early‑stage finance, MRV capacity and authorisation in practice. Ministerial roundtable and targeted networking formats support coordination and commercial outcomes. Register: https://apo-opa.co/49Kcmpy Get involved: https://apo-opa.co/3R8m6DR

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Swvl set to disrupt commuter service

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Africa Stakes Its Claim as Global Energy Player at African Energy...

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