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ENERGY: Oil and gas are expected to cover more than 50% of global energy needs by 2045

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Many countries are increasingly turning to renewable energies such as hydro, wind, solar or biomass resources to reduce their consumption of hydrocarbons. But according to OPEC forecasts, oil and gas will still provide a significant share of the world’s energy needs by 2045.

50% of the world’s energy needs will be met by oil and gas by 2045. This was announced on January 19, 2021, by Mohamed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), at a virtual forum of the Atlantic Council. Oil and gas combined are projected to cover more than 50% of global energy needs by 2045, with oil at around 27% and gas at 25%. “Renewable energy is maturing, with wind and solar growing rapidly, but even by 2045, we estimate that green energy will account for just over 20% of the global energy mix […]. At the same time, we do not see any realistic prospects in the scenarios that renewable energy will be on the verge of overtaking oil and gas in the coming decades,” he said.

These forecasts are similar to those of the International Energy Agency (IEA). In its 2020 report, the IEA projects that by 2040, global demand for natural gas will increase by 29% and meet 25% of total energy demand. As for the demand for oil, it will be 7% higher and will represent 28% of the energy consumed.

Approximately 100 million barrels of oil are currently consumed worldwide every day. Although the International Energy Agency (IEA) plans to increase the use of renewable energy, energy efficiency improvements and more electric vehicles, oil will continue to meet the growing demand in transportation and the petrochemical industry, from which many everyday products such as mobile phones or sports shoes come.

It is difficult, according to the IEA, to say which countries consume the most energy because each of them uses different types of energy. But regardless of the source of energy, demand is growing. The world’s population is expected to increase by 2 billion human beings over the next two decades. Thus, with the improvement of living standards, the IEA estimates that by 2040, electricity production is expected to increase by 49%.

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Currently, fossil fuels account for 80% of the energy consumed. The rest comes from various sources such as nuclear, biofuels, hydroelectricity, solar, wind and geothermal.

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TOGO – The manganese mine of Nayega enters into operational phase

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The presidency of Togo has announced that the project to exploit the manganese mine of Nayega, located in the Savanes region in the north of the country, is entering its operational phase. According to a statement issued on June 10, 2025, production is scheduled to start at the end of June 2025, with an initial volume of 4,000 tons per month, which should gradually double to reach 8,000 tons per month.

Keras Resources is the technical partner retained by the Togolese government to carry out this project. A statement from Keras, relayed by the presidency, details that the company signed a cooperation agreement in 2023 with the Togolese state, owner of the mine through the Togolese Manganese Company (STM). Under the terms of this agreement, Keras will receive a remuneration of 1.5% of the mine’s gross revenue for three years for its advisory services, as well as 6% for brokering services.

The reserves of the Nayega mine are estimated at 8.5 million tonnes, which would allow exploitation over a period of 11 years. The authorities of Lomé welcome the expected contribution of the mine to the national budget, a benefit that should be strengthened by the rigorous management of the generated revenues, as indicated by our colleagues from Agence Afrique.

With a growing global demand for manganese, particularly in steel alloys and renewable energy technologies, Togo is seeking to assert itself as an essential supplier of this strategic ore. This positioning could play a catalytic role for the national economy, always according to information from the Africa Agency.

Source: senego / Photo credit: Republicoftogo.com

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GABON – The end of frozen chicken imports in 2027

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The Gabonese government decided on Friday to ban the import of broilers in order to promote national poultry production and ensure food security, according to the final communiqué of the council of ministers chaired by the head of state, Brice Clotaire Oligui Nguema.

The ban will be effective from 1 January 2027, thus leaving a period of 18 months (1 year and 6 months) for actors in the sector to structure themselves, invest and prepare to meet national demand.

“This measure aims to restore domestic poultry production, boost agricultural investment, reduce food dependency and strengthen the trade balance,” the government hopes. Gabon also hopes to foster “the emergence of a network of rural jobs, the rise in quality of products consumed locally and the creation of an economic ecosystem around this sector”.

The government has also planned a detailed operational plan to be presented within 45 days by the ministers responsible for economy and trade.

Libreville dreams of reducing its dependence on poultry imports and strengthening the country’s food security. In addition, the promotion of local poultry farming should have a positive impact on rural areas, generating jobs and contributing to the development of a vibrant poultry ecosystem.

Imported frozen chicken is the most consumed food in Gabon because of its low price and packaging ready to be thrown into a pot.

“The star of the freezer” is how Gabonese people refer to frozen chicken because it is often the only food, if not the default food, found in the freezers of Gabonese families.

Frozen chicken and meat are generally imported from Latin America and Europe. Their massive presence on the market has destroyed local production.

The Council of Ministers also announced a ban on exporting crude manganese from 1 January 2029. The objective is to promote local industrial development, create jobs and maximize the value of this resource, of which Gabon is the world’s second largest producer.

Sources: gabonactu.com

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BAD: Mauritanian Sidi Ould Tah takes the reins of the institution

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Mauritania is in the spotlight. On Thursday, May 29, 2025, Sidi Ould Tah was elected president of the African Development Bank (AfDB), at the annual meeting of the institution held in Abidjan. He succeeds Akinwumi Adesina of Nigeria, in office since 2015.

His election came after a hard-fought duel against Samuel Munzele Maimbo of Zambia, who finished in second place. The election, which was marked by major geopolitical and economic issues, took place against a background of high expectations regarding governance and development financing on the continent.

The Senegalese Amadou Hott, long perceived as one of the favorites, finishes in third place, followed by the South African Bajabulile Swazi Tshabalala. Despite significant diplomatic support, notably for Hott, the momentum in favour of Sidi Ould Tah has prevailed in the last few rounds.

Former minister and general manager of the Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah is recognized for his experience and strategic vision. He will officially take office on 1 September 2025.

Photo credit: Forbes Africa

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