Connect with us
Anglostratits

Business

Angola Oil & Gas 2024 Launches in Luanda

Published

on

Angola

The fifth edition of the Angola Oil & Gas conference launched in Luanda on Tuesday with a networking event uniting key players from across the industry

LUANDA, Angola, February 29, 2024/APO Group/ — 

Angola’s premier event for the oil and gas sector – the Angola Oil & Gas (AOG) conference – was officially launched in Luanda on Tuesday. Uniting Angolan government and energy companies with global operators and investors, the launch event set the tone for the main conference, scheduled for October 2-3 at Centro de Convencoes Talatona.

Angola plans to increase production to 1.18 million barrels per day in the short term while establishing itself as a global LNG supplier. A six-year licensing round is underway to achieve oil production targets, with the most recent 12-block tender receiving 53 bids. Plans to develop downstream capacity to support regional demand continue to create lucrative opportunities for project and service companies, and the AOG 2024 conference this October will not only shed light on upcoming investment prospects but connect global players to the growing Angolan oil and gas market.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

“The Angola Oil & Gas conference represents a catalyst for investment. The country is on the precipice of becoming a regional hub for oil and gas, making great strides towards maximizing its recourses for the betterment of the regional population. Building on this success as a premier investment destination for energy development AOG’s fifth edition is set to attract a fresh slate of capital into the country’s oil and gas industry,” said Luís Conde, Angola Oil & Gas Event and Project Director.

The country is on the precipice of becoming a regional hub for oil and gas, making great strides towards maximizing its recourses for the betterment of the regional population

The year 2024 promises to be an exciting one for Angola’s oil and gas market. The country anticipates a final investment decision to be made for the Cameia-Golfinho fields operated by Total E&P Angola; expects first production at the 30,000 barrel per day (bpd) CLOV Phase 3 project in Block 17; and plans to start the first phase of the 30,000 bpd Cabinda Oil Refinery.

Focus remains on upstream development, with 43 wells expected to be spud this year alone, as well as downstream infrastructure, with projects such as the Lobito and Soyo Refineries, the Angola-Zambia Oil Pipeline, an LNG storage and gas processing terminal and more, currently underway.

Under the leadership of the Ministry of Mineral Resources, Oil and Gas, Angola’s oil and gas sector has been transformed to offer a highly attractive environment for doing business. Fiscal and monetary reforms including the establishment of the National Agency for Oil, Gas & Biofuels and the enactment of decrees to streamline investment have only strengthened the industry. Additionally, the privatization of national oil company Sonangol has ensured a competitive partner for global firms, signaling a new era of successful E&P projects in Angola.

These reforms have already shown positive results as companies turn their interest towards Angola’s attractive oil and gas opportunities. TotalEnergies is implementing a multi-year energy strategy encompassing the $850 million Begonia development; ExxonMobil is looking at investing up to $15 billion in the country while M&A have been a buzz of activity. Specifically, energy company Azule Energy signed three Risk Service Contracts for Blocks 46, 47 and 18/15 while upstream oil and gas company Afentra acquired Blocks 3/05 and 23. Players including Inktank Group, Brite’s Oil and Gas, MTI Group and more have also entered the market in recent months.

AOG 2024 builds on this momentum to promote new opportunities in oil and gas. Under the theme, Driving Exploration and Development Towards Increased Production in Angola, the event unites the entire oil and gas value chain to discuss the way forward for the industry. With over nine billion barrels of proven oil reserves and 11 trillion cubic feet of proven natural gas, the country offers lucrative prospects for E&P firms, service companies and global investors alike.

“The [AOG 2024] event is effectively a fantastic platform to allow Angolan service companies to not only promote their services and portfolios but also provides opportunities for all to exchange experiences and businesses. In all, it is a venue where strong and long-lasting business links are established, and as we see very often, good business is also carried out,” stated Bráulio de Brito, Chairman of the Board, Angola Oil & Gas Service Companies Association.

Taking place October 2-3, AOG 2024 – organized by Energy Capital & Power – builds on the success of its previous editions to offer a platform for dialogue, deals and decision-making. In 2023, the event welcomed 2,213 delegates from 41 countries, with seven industry-advancing deals signed. The 2024 edition promises to be even bigger and better, offering unparalleled opportunities for financiers, project developers and Angolan companies.

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

Events

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

Published

on

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.

Continue Reading

Business

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

Published

on

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.

 

Continue Reading

Business

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

Published

on

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).

Continue Reading

Trending