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4 Strategies for Enhancing Small to Medium sized Enterprises (SME) Participation in Angolan Oil and Gas (O&G)

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3 years ago

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hydrocarbon

Angola’s hydrocarbon market has experienced remarkable growth since the initial discovery of oil and gas in 1955, emerging as the biggest oil producer in Africa in 2023

LUANDA, Angola, July 7, 2023/APO Group/ — 

As Angola targets increased E&P activities in 2023 and beyond, several strategies can be deployed to advance the participation of small to medium enterprises across the evolving oil and gas industry.

Angola’s hydrocarbon market has experienced remarkable growth since the initial discovery of oil and gas in 1955, emerging as the biggest oil producer in Africa in 2023. While much of the industry has been largely dominated by global energy majors such as ExxonMobil, Azule Energy, Chevron and TotalEnergies – which celebrates 70 years of active participation in the country this year – working in close collaboration with the government, the future of the industry and its contribution to the economy will largely depend on the participation of small to medium sized enterprises (SME).

A traditionally underestimated corporate group, SMEs bring to the sector fresh perspectives, innovation and diversification, while in turn deliver newfound economic contributions through job creation, supply chain development and market growth. Introducing new ideas, business models and practices, SMEs foster a more dynamic and competitive market environment. As Angola enters into a new era of E&P growth, several strategies can be deployed to enhance the participation of SMEs across the industry.

Advancing Capacity Building & Partnerships

Leveraging the already-strong presence of global energy majors in Angola, advancing local content through capacity building initiatives would not only strengthen the development of domestic capabilities but drive partnerships and collaboration across the industry. Programs that focus on enhancing the technical, managerial and operational skills of O&G players can not only improve SME understanding of industry best practices, regulatory compliance, safety standards and project management, but empower these organizations to operate more efficiently.

Strengthening Investment Incentives & Access to Finance

Introducing new ideas, business models and practices, SMEs foster a more dynamic and competitive market environment

Investment incentives in Angola’s oil and gas sector provide tangible benefits to SMEs, enabling them to overcome financial barriers, compete with larger corporations while driving innovation and project development. Through the implementation of attractive fiscal policies, introduction of incentives such as tax breaks and exemptions, and ongoing regulatory support, the government can create a more conducive environment for SME participation.

Meanwhile, by improving access to finance for SMEs through the availability of loans, credit infrastructure and guarantees, the Government will lower the cost of doing business, reduce financial obligations and address barriers to entry, therefore enabling SMEs to allocate resources more effectively, generate higher returns on investment while fostering fair competition and a diverse market. 

Creating Robust Regulatory Frameworks

The Angolan Government has made significant strides towards enhancing its regulatory framework, ensuring transparency, stability and a level playing field for all participants. Clear and predictable regulations provide confidence to SMEs, encouraging them to engage in the market by taking risks and seizing opportunities. Regulations such as the Private Investment Law (2018) establish the general principles and basis of private investment in Angola while amendments to the Hydrocarbon Law improve procedural certainty. Under the October 2020 implemented Legal Framework for the Promotion of Local Content, the Angolan government outlines, among other provisions, requirements for the supply of goods and services to the oil and gas industry, identifying strategic opportunities for SMEs such as refining, petrochemicals, manufacturing, transportation, services and logistics. With the aim to retain at least 10% of the value of goods and services in-country, the framework has opened up lucrative opportunities for SMEs active in the market.

Improving Market Access & Opportunity

Improving market access for SMEs will not only promote inclusivity across the O&G industry (https://apo-opa.info/3NFaL8Y) but stimulate economic growth, competition and innovation while diversifying and encouraging local value addition across the market. Platforms that foster collaboration, awareness and networking, such as the upcoming Angola Oil & Gas (AOG) conference (https://apo-opa.info/46A1Zl3) – which is organized by Energy Capital & Power and  scheduled for September 13-14 in Luanda –, represent key avenues for advancing market access and SME participation. Now in its third edition, AOG 2023 has built a reputation for fostering such connections across the Angolan oil and gas market, providing SMEs with the opportunity to partner with foreign companies and government agencies, participate in supply chains, subcontracting opportunities and joint ventures while enhancing their contribution to the country’s economic future.

On the back of local content, regulatory certainty and improved access to both financing and market opportunities, SMEs stand to play a much larger role in advancing the Angolan oil and gas sector. This year’s edition of AOG 2023 will promote this very topic, eliminating barriers to entry for SMEs by connecting O&G players to opportunities, fostering new collaborations and progress across the sector. 

Distributed by APO Group on behalf of Energy Capital & Power.

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Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

By

Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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3 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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3 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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