Business
Africa Energy Announces Corporate Update
Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") announces that Dr. Phindile Masangane has resigned from her roles as Director and Officer, serving as Head of Strategy and Business Development since May 2025. Dr. Masangane has accepted an executive position with the Development Bank of South Africa. View PDF version.
About this update from Aeci Ltd
VANCOUVER, BC, Jan. 26, 2026 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") announces that Dr. Phindile Masangane has resigned from her roles as Director and Officer, serving as Head of Strategy and Business Development since May 2025. Dr. Masangane has accepted an executive position with the Development Bank of South Africa. View PDF version. While stepping down from her formal positions with the Company, Dr. Masangane will continue to support Africa Energy Corp. in a consulting capacity. In this role, she will assist the Company in advancing the development of its significant gas and condensate discoveries in Block 11B/12B, offshore South Africa. Her deep expertise in South Africa's policy and regulatory environment will remain a valuable asset as the Company progresses its strategic initiatives. "On behalf of the Board of Directors, we extend our sincere gratitude to Dr. Masangane for her dedicated service and meaningful contributions to the Company," said Robert Nicolella, Director and Chief Executive Officer. "We are pleased that she will continue to work with us, and we are confident that her ongoing involvement will contribute significantly to our continued progress." Africa Energy Corp. wishes Dr. Masangane every success in her new role and looks forward to her continued collaboration as the Company advances the development of its discoveries in offshore South Africa. About Africa Energy Corp. Africa Energy Corp. is a Canadian oil and gas exploration company focused on South Africa. The Company is listed in Toronto on TSX Venture Exchange (ticker "AFE") and in Stockholm on Nasdaq First North Growth Market (ticker "AEC"). Important information This is information that Africa Energy is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above on January 26, 2026, at 5:30 p.m. ET. The Company's certified advisor on Nasdaq First North Growth Market is Bergs Securities AB, +46 739 49 62 50, [email protected]. Forward looking statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future per...