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Angola Targets 60% Electrification by 2025 Driven by Renewables (By Verner Ayukegba)

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Angola aims to increase energy generated from renewable sources and attract greater FDI from the EU and international financial institutions.

DAKAR, Senegal, April 20, 2022/APO Group/ — 

By Verner Ayukegba, Senior Vice-President of the African Energy Chamber

The Angolan government has reiterated its commitment to expanding the share of renewables in the country’s energy mix, with targets set to increase the utilization of renewable energy sources to 70% by 2025. The country’s energy mix is currently dominated by hydroelectric power (56%) but also includes energy generated from natural gas (12%). As the country looks to enhance investment and development within the green energy space, the government has emphasized the role that international financial institutions and global partners will play in helping drive the country’s transition.

Angola is uniquely positioned to expand the role of its already strong hydropower sector, with estimates that out of the country´s 47 large watersheds, only 5% are currently being utilized. But hydropower is not the only renewable energy source that the southern African country is actively pursuing. Several areas in Angola benefit from particularly favorable wind conditions. For example, the wind speeds in the southern and central highlands of Angola are estimated at an average of 4.5 meters per second, which is optimal for the installation of a wide range of wind farms and turbines of various sizes. Furthermore, the area facing the Atlantic coast also benefits from strong winds and is projected to have the potential to generate more than 3.9 GW of wind energy. In this regard, and with the objective of driving renewable energy project developments, Angola is looking towards other continents such as Europe, which is home to a plethora of companies with extensive expertise in successfully executing wind energy projects and can serve as ideal partners for Angola. These include Danish manufacturer Vestas Wind Systems; Spanish electric company, Iberdrola; Spanish Renewable Energy Company, Siemens Gamesa; and Austrian independent power producer RP Global, among others.

It is worth noting, that Angola’s large hydropower as well as renewables potential makes it a top target regarding green hydrogen, which is touted in many regions as a preferred energy source of the future. For this reason, state owned national oil company Sonangol has started exploring the possibility of producing green hydrogen in Angola together with German partners. The German government, as well as the entire European Union (EU), is very interested in diversifying its energy needs away from Russian gas, and hence, is set to intensify collaboration aimed at developing green hydrogen in Angola.

Angola’s large hydropower as well as renewables potential makes it a top target regarding green hydrogen, which is touted in many regions as a preferred energy source of the future

In addition to having companies with a successful track record in renewable energy, Europe is also a partner of choice in attracting investment to help fund renewable energy projects in Angola. Some of the largest investors in wind, solar, and offshore energy projects include the Green Investment Group, Edinburgh (UK); Copenhagen Infrastructure Partners (Denmark); Qualitas Equity (Spain); Fontavis (Switzerland); Scatec (Norway); Eiffel Investment Group (France); Finerge (Portugal); Ventient Energy (UK); Wirtgen Invest (Germany) and, RP Global (Austria). These investors will be critical for Angola as it ramps up green energy developments country-wide.

Meanwhile, the EU has put in place the Africa-EU Green Energy Initiative which aims to support Angola´s decarbonization efforts as part of the cooperation program Global Europe 2021-2027. Through the initiative, the EU is mobilizing funding and technical assistance from a variety of international financial organizations such as the European Investment Bank. The goal of the initiative is to further expand renewable energy infrastructure such as power grids and interconnectors.

However, Europe is not the only potential source of funding for Angola´s renewable energy sector. In 2021, solar energy company, Power Africa, in partnership with the African Development Bank (AfDB), reached an agreement with Angola to boost the pace of electrification throughout the country in order to meet rising demand. A number of sectors in the country including telecommunications, manufacturing and mining are eager for reliable access to electricity and to reduce the utilization of fuel-oil fired generators, and institutions such as Power Africa and the AfDB have a role to play.

Additionally, Angola is looking at solar to fulfill domestic demand and drive the transition and international renewable developers are already driving development. Notably, in 2021, American renewable energy developer, Sun Africa, invested €524 million in Angola for the purpose of building the largest solar photovoltaic project in the country. The project comprises seven solar parks with a total generation capacity of 370MW for three provinces, namely, Lunde Sul and Moxico both in the eastern parts of Angola and Lunde Norte in the north-east. With Portugal-based company, MCA, leading construction, the project will be instrumental in positioning Angola as a renewable economy. Accordingly, as the country moves to exploit more of its renewable resources, international companies and financial institutions, as well as global partners, will play a significant role.

In order to ensure that the significant amounts of generated power actually reach consumers and markets at affordable and reliable rates, there still needs to be significant investments in the transmitting networks nationally and even regionally. Therein lies opportunities for investors, as the government continues to prioritize infrastructure investment in a bid to drive capital expenditure and diversification of the economy which needs affordable and reliable power.

These and many other opportunities are expected to be in the spotlight at this year’s edition of Angola Oil and Gas (AOG), scheduled to be held on November 29 and 30 and December 1, 2022. AOG 2022 represents the official conference of the Ministry of Mineral Resources, Petroleum and Gas of Angola and will bring together stakeholders from Angola’s oil and gas industry, as well as global investors and service companies interested in opportunities in Angola.

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

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A New Era of Manipulation: How Deepfakes and Disinformation Threaten Business (By Anna Collard)

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Anna Collard

The WEF’s 2024 Global Risk Report named misinformation and disinformation as the top global risk, surpassing even climate and geopolitical instability

 A reality where falsity feels familiar, and information is weaponised to polarize societies and manipulate our belief systems

JOHANNESBURG, South Africa, April 14, 2025/APO Group/ —By Anna Collard, SVP Content Strategy & Evangelist, KnowBe4 Africa  (www.KnowBe4.com).

Last weekend, at a typical South African braai (barbeque), I found myself in a heated conversation with someone highly educated—yet passionately defending a piece of Russian propaganda that had already been widely debunked. It was unsettling. The conversation quickly became irrational, emotional, and very uncomfortable. That moment crystallised something for me: we’re no longer just approaching an era where truth is under threat—we’re already living in it. A reality where falsity feels familiar, and information is weaponised to polarize societies and manipulate our belief systems. And now, with the democratisation of AI tools like deepfakes, anyone with enough intent can impersonate authority, generate convincing narratives, and erode trust—at scale.

The Evolution of Disinformation: From Election Interference to Enterprise Exploitation

The 2024 KnowBe4 Political Disinformation in Africa Survey (https://apo-opa.co/3RTVMu1) revealed a striking contradiction: while 84% of respondents use social media as their main news source, 80% admit that most fake news originates there. Despite this, 58% have never received any training on identifying misinformation​.

This confidence gap echoes findings in the Africa Cybersecurity & Awareness 2025 Report, (https://apo-opa.co/4ikY0xv) where 83% of respondents said they’d recognise a security threat if they saw one—yet 37% had fallen for fake news or disinformation, and 35% had lost money due to a scam.

What’s going wrong? It’s not a lack of intelligence—it’s psychology.

The Psychology of Believing the Untrue

Humans are not rational processors of information; we’re emotional, biased, and wired to believe things that feel easy and familiar. Disinformation campaigns—whether political or criminal—exploit this.

  1. The Illusory Truth Effect: The easier something is to process, the more likely we are to believe it—even if it’s false (Unkelbach et al., 2019). Fake content often uses bold headlines, simple language, and dramatic visuals that “feel” true.
  2. The Mere Exposure Effect: The more often we see something, the more we tend to like or accept it—regardless of its accuracy (Zajonc, 1968). Repetition breeds believability.
  3. Confirmation Bias: We’re more likely to believe and even share false information when it aligns with our values or beliefs.

A recent example is the viral deepfake image of Hurricane Helena shared across social media. Despite fact-checkers clearly identifying it as fake, the post continued to spread (https://apo-opa.co/3RMZHZH). Why? Because it resonated emotionally with users’ felt frustration and emotional frame of mind.

Deepfakes and State-Sponsored Deception

According to the Africa Centre for Strategic Studies, disinformation campaigns on the continent have nearly quadrupled since 2022. Even more troubling: nearly 60% are state-sponsored, often aiming to destabilise democracies and economies. The rise of AI-assisted manipulation adds fuel to this fire. Deepfakes now allow anyone to fabricate video or audio that’s nearly indistinguishable from the real thing.

Why This Matters for Business

This isn’t just about national security or political manipulation —it’s about corporate survival too. Today’s attackers don’t need to breach your firewall. They can trick your people. This has already led to corporate-level losses, like the Hong Kong finance employee tricked into transferring over $25 million during a fake video call with deepfaked “executives.” These corporate disinformation or narrative based attack can also result in:

  • Fake press releases can tank your stock.
  • Deepfaked CEOs can authorise wire transfers.
  • Viral falsehoods can ruin reputations before PR even logs in.

The WEF’s 2024 Global Risk Report named misinformation and disinformation as the top global risk, surpassing even climate and geopolitical instability. That’s a red flag businesses cannot ignore.

The convergence of state-sponsored disinformation, AI-enabled fraud, and employee overconfidence creates a perfect storm. Combating this new frontier of cyber risk requires more than just better firewalls. It demands informed minds, digital humility, and resilient cultures.

Building Cognitive Resilience

What can be done? While AI-empowered defenses can help improve detection capabilities, technology alone won’t save us. Organisations must also build cognitive immunity—the ability for employees to discern, verify, and challenge what they see and hear.

  1. Adopt a Zero Trust Mindset—Everywhere
    Just as systems don’t trust a device or user by default, people should treat information the same way, with a healthy dose of scepticism. Encourage employees to verify headlines, validate sources, and challenge urgency or emotional manipulation—even when it looks or sounds familiar.
  2. Introduce Digital Mindfulness Training
    Train employees to pause, reflect, and evaluate before they click, share, or respond. This awareness helps build cognitive resilience—especially against emotionally manipulative or repetitive content designed to bypass critical thinking. Educate on deepfakes, synthetic media, AI impersonation, and narrative manipulation. Build understanding of how human psychology is exploited—not just technology.
  3. Treat Disinformation Like a Threat Vector
    Monitor for fake press releases, viral social media posts, or impersonation attempts targeting your brand, leaders, or employees. Include reputational risk in your incident response plans.

The battle against disinformation isn’t just a technical one—it’s psychological. In a world where anything can be faked, the ability to pause, think clearly, and question intelligently is a vital layer of security. Truth has become a moving target. In this new era, clarity is a skill that we need to hone.

Distributed by APO Group on behalf of KnowBe4

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Tema Oil Refinery Managing Director (MD) Joins Accra Investor Briefing, Targets Greater Fuel Security in Ghana

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Taking place on April 14, 2025 in Accra, the briefing will spotlight emerging opportunities across Ghana’s oil, gas and broader energy sectors

Dr. Yussif Sulemana, Managing Director of the Tema Oil Refinery (TOR) in Ghana, has confirmed his participation in the Invest in African Energies: Accra Investor Briefing, as the company aims to enhance operational efficiency and reinforce Ghanaian fuel security. Taking place on April 14, 2025 at the Kempinski Hotel in Accra, the event serves as a prelude to the African Energy Week (AEW): Invest in African Energies conference, returning to Cape Town from September 29 to October 3, 2025.

The Accra briefing will explore emerging opportunities across Ghana’s energy landscape, from upstream acreage to regulatory reforms to downstream infrastructure developments. With over 17 oil and gas projects expected to come online by 2027, Ghana is poised for a significant expansion in crude production. Backed by over 1.1 billion barrels of crude oil reserves and 2.1 trillion cubic feet of natural gas, the country is ramping up both production and refining efforts. Key projects such as the Jubilee and TEN fields are central to this growth, as Ghana continues to attract upstream investment.

The company’s forward-looking strategy to boost capacity will undoubtedly generate substantial value for both the company and the country

Established in 1963, the Tema Oil Refinery stands as Ghana’s flagship refining facility and hosts the country’s largest single storage tank. The refinery has a crude storage capacity of 1,925,348 barrels across 59 tanks, representing 44% of Ghana’s national storage capacity. TOR is also the country’s sole producer of Premix fuel and operates the largest LPG storage facility in Ghana. Looking ahead, the refinery is seeking $25 million to support the maintenance and reactivation of an essential unit within its crude distillation unit. The goal is to enhance operational efficiency and ensure TOR’s continued role in sustaining national fuel distribution and energy security.

As Managing Director, Dr. Sulemana has committed to revitalizing the refinery’s operations by focusing on productivity, overcoming operational challenges and seizing emerging opportunities. This includes fostering collaboration with industry stakeholders. A recent visit by the National Petroleum Authority in Q1 2025 identified areas for performance improvement, while the refinery’s Finance and Audit team benefited from a KPMG-led in-house training program aimed at aligning internal audit practices with global standards.

“As one of Africa’s first eight refineries and Ghana’s premier facility, the Tema Oil Refinery plays a vital role in reducing petroleum imports and ensuring fuel security in West Africa. The company’s forward-looking strategy to boost capacity will undoubtedly generate substantial value for both the company and the country,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

The Invest in African Energies: Accra Investor Briefing will lay the foundation for deal-signing and engagement during AEW 2025: Invest in African Energies in Cape Town. Uniting key players from across Ghana’s oil and gas sector, the briefing will address sector-wide challenges and opportunities, fostering deeper collaboration as the country seeks to scale up production and strengthen regional energy distribution.

Distributed by APO Group on behalf of African Energy Chamber

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Moneda Invest, FNB Namibia, Ino Capital Sign Memorandum of Understanding (MoU) to Empower small and medium-sized enterprises (SMEs) in Namibia

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Supported by the African Energy Chamber, Moneda Invest, FNB Namibia and InoCapital Investments have joined forces to launch a game-changing Local Content Accelerator, driving SME participation and African-led growth in Namibia’s energy sector

CAPE TOWN, South Africa, April 14, 2025/APO Group/ –In a strategic move aimed at transforming Namibia’s energy sector, Nigerian investment firm Moneda Invest has signed a Memorandum of Understanding (MoU) with FNB Namibia and private equity firm Ino Capital Investments to support and scale local small- and medium-sized enterprises (SMEs) in Namibia’s rapidly growing oil, gas and energy industries. The African Energy Chamber (https://EnergyChamber.org) fully endorses this partnership, viewing it as a prime example of how African institutions and investors must lead the charge in fostering inclusive economic growth across the continent.

The MoU formalizes the collaboration between the parties and establishes the Local Content Accelerator program – an inclusive platform designed to empower Namibian SMEs, suppliers and contractors to fully participate in the energy value chain. Central to this transformative initiative is a shared commitment to building a sustainable and dynamic ecosystem for local content development.

A key contributor to this milestone, Ejike Egbuagu, CEO of Moneda Invest, has played an instrumental role in realizing this vision. Egbuagu’s journey with Namibia began at African Energy Week (AEW): Invest in African Energies – the continent’s premier energy event – which brings together African leaders, global investors and energy executives. As a partner of AEW 2024, Moneda has consistently championed the development of local businesses in the energy sector, recognizing Namibia’s potential as a future energy hub and committing to support the country’s local economic transformation.

Moneda’s partnership with Namibia also deepened during AEW 2022, when the firm signed a three-year collaboration agreement with Namibia’s national oil company, NAMCOR, to share knowledge, enhance skills and unlock investment opportunities for MSMEs within the oil and gas sector. Building on this foundation, Moneda is now taking further steps to invest in Namibia’s energy landscape, strengthening its support for local content initiatives and playing a pivotal role in driving sustainable, inclusive growth in the country’s burgeoning energy sector.

This partnership provides the proper backbone, supported by our experience operating in Nigeria, DRC and other parts of Africa

“We are very honored to sign this partnership with FNB,” Egbuagu stated. “The truth is that the opportunity we see here is vast – it’s huge. However, banks and financial institutions must have an appetite for the unknown. Oil and gas represent the unknown in Namibia. This partnership provides the proper backbone, supported by our experience operating in Nigeria, DRC and other parts of Africa.”

https://apo-opa.co/43RjL4z

The MoU outlines a strategic roadmap for unlocking financing and operational support for SMEs across the energy value chain, from contractors to service providers to logistics firms. The partnership marks a significant turning point – a new phase where African businesses are not only recipients of capital but champions of development. This MoU exemplifies the impact of long-term, strategic investment in African talent and businesses, and serves as a call to action for other African institutions and leaders to invest deeply, remain committed and trust in the continent’s potential.

As Africa’s energy sector continues to expand, the need for effective local content policies, strategies and initiatives becomes more urgent for local job creation and value retention. The upcoming AEW 2025: Invest in African Energies conference, taking place in Cape Town from September 29 to October 3, will highlight how well-designed partnerships can drive SME participation and growth. The event will bring together operators, financiers and investors with local companies, fostering collaboration and strengthening Africa’s energy industries.

Distributed by APO Group on behalf of African Energy Chamber

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