Connect with us
Anglostratits

Business

Invest in Angola Roundtable Shines Spotlight on Industry Opportunities Across Africa’s largest Oil Producer

Published

3 years ago

on

Angola

The Invest in Angola event held at AEW 2022 showcases challenges and opportunities across Angola’s entire energy value chain whilst showcasing the country’s openness to energy investors

JOHANNESBURG, South Africa, October 20, 2022/APO Group/ — 

The Invest in Angola event held during the second day of the 2022 African Energy Week (AEW) (AECWeek.com) conference in Cape Town – sponsored by Sonangol and ANPG – featured high-level representatives from public and private sector energy institutions showcasing investment opportunities across the country’s rapidly expanding energy industry.

Moderated by Verner Ayukegba, Executive-Vice President of the African Energy Chamber (AEC), the panel discussion included Belarmino Chittargueleca, Executive Director, ANPG; Osvaldo A. Inácio, Executive Administrator, Sonangol; Edson Rodrigues Dos Santos, CEO, Somoil; Miguel Baptista, Managing Director – Central, East and Southern Africa · Schlumberger; Ian Clorke, COO Afentra and Billy Lacoble, Managing Director Chevron Angola, as speakers.

Commenting on investment opportunities across the country’s energy spectrum and why investors should flock to Angola, Chittargueleca said “We have mature and high prospective assets, a stable political environment and a lot of experienced companies that are still there. With our mature assets we can still create value for both the country and investors. We also have a lot of potential for new assets and for investors interested in renewables with the country increasing renewables deployment.”

We also have a lot of potential for new assets and for investors interested in renewables with the country increasing renewables deployment

Inacio added that “Angola’s business environment is open and stable. A good testament of this is Somoil, which is a relatively small firm but making very good strides and Chevron which has managed to remain in the country for decades because of reliable partners, the country’s expanding potential and favorable policies.”

Commenting on why Angola remains a main focus for Chevron after 60 years of operations, Lacoble stated that “Angola still has resources to be added, to be found and being developed in a stable environment. The availability of infrastructure enables resources to be brought onto the market quickly and easily. The current fiscal terms have made business more easy and transparent as the negotiation requirements to acquire and operate blocks are now easy.”

Speaking about why Afentra is seeking to expand operations in Angola, Clorke said “There is a lot to play with in the country. Angola represents the African energy transition. We see the next step being oil to gas and then to renewables and Angola is the perfect environment for that. Enhanced recovery rates, improved competition space and the availability of reliable partners are some of the aspects driving industry growth. There are also partnership opportunities with majors and as they diversify more growth for us.”

With inadequate activities and investments across the upstream sector challenging the growth of the industry as a whole, Chittargueleca stated that “The government has set up new regulations and policies to make our country competitive and we are conducting a study on how to stay competitive to increase exploration partners and investments. Regionally, we will be sharing information with our brothers on how to boost exploration. We are willing to negotiate as well with interested investors to maximize investments across the industry and make Angola the final destination of energy capital. Previously, it took 18 months to close a deal but now with the reforms enacted, it will take less than a year to sign new exploration and production deals.”

The panel discussion also highlighted Angola’s plans to accelerate exploration, drilling and the application of modern technologies to optimize upstream activities while prioritizing environmental and energy sustainability.

Commenting on the challenges disrupting the country’s energy sector, Inacio reiterated that “Angola’s geology is great, there are investment and infrastructure challenges but the ambition and resources are there.”

Distributed by APO Group on behalf of African Energy Week (AEW).

Related Topics:
Continue Reading
Advertisement

Events

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

Published

2 days ago

on

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.

Continue Reading

Business

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

Published

2 days ago

on

February 6, 2026

By

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

2 days ago

on

February 6, 2026

By

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