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The fall of the Euro, a boon for investors

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83% of investors in Portugal foresee a rise in demand from tenants for sustainable properties

LISBON, Portugal, October 27, 2022/APO Group/ — 

For the first time in two decades, the US dollar and the Euro hit parity in July 2022. The currency, shared by 19 European countries, has slumped more than 11 per cent since the beginning of this year.

But the weakened Euro holds great economic significance for businesses as well as individuals, especially those earning and spending in US dollars, or in currencies pegged to the dollar. In terms of real estate too, while certain property values have gone up, the cost in plenty of areas has come down from what it was two years ago.

“June 2022 alone recorded the highest figures with over €78 million investments in the Portugal Golden Visa program, a first since 2020.”

Rise in numbers: 

  1. More than €78 million investments in Portugal Golden Visa in June. 
  2. Real estate in Lisbon growing at a rate of 2.5% annually since 2016. 
  3. Santa Maria da Feira experienced an annual growth of 12%. 
  4. Demand for properties has grown by 20% in Porto and Sintra.  
  5. 83% of investors in Portugal foresee a rise in demand from tenants for sustainable properties. 

This certainly also makes it the best time to invest in a long-term residence permit in Europe. June 2022 alone recorded the highest figures with over €78 million investments in the Portugal Golden Visa program, a first since 2020.

Jeremy Savory, founder and CEO of Savory & Partners – a leading global residency and citizenship by investment (RCBI) company headquartered in Dubai, says, “If I can talk about the impact in the context of the RCBI industry, it’s an excellent opportunity for those earning in dollar-pegged currencies. Right now, many investors see everything turning red in terms of stock, crypto, and real estate. Now is the time for people to invest in something that is already discounted, diversifies their currency, and with interest rates that don’t directly affect their investment.”

June 2022 alone recorded the highest figures with over €78 million investments in the Portugal Golden Visa program, a first since 2020

Real estate boom

Savory points out that the Portuguese Golden Visa program is one of the best ways for investors to access this market. Adding, however, that time is of essence here. Cyprus has closed down its citizenship program and the Montenegro citizenship program is expected to close by the end of the year, Turkey has increased its investment threshold and Greece is expected to follow suit.

“I think we have some months before it comes into effect. Portugal only changed their legislation nine months ago, so I can’t see them changing it again so soon. Increased threshold does not mean higher fees. It means you just end up buying more real estate and there’s nothing wrong with buying more property.”

Best places to invest in real estate in Portugal

As a long-term resident of Portugal himself, Savory says Portugal’s golden visa gives the investor the opportunity to be part of one of the most progressive real estate destinations in the world.

Three popular neighbourhoods across Portugal that according to him are the best for families to choose to buy a home in are Melides, the Municipality of Oeiras and Belem. “Melides, right next to Comporta, is fast becoming one of the most expensive price per sqm attracting ultra HNW Europeans and Americans”, he says, adding that you can invest in an office space in Oeiras, get a Golden Visa, and you would get very high-quality tenants too.

A personal favourite of Savory, Belem, with its beautiful parks, beach-front restaurants and cultural landmarks is a preferred real estate investment.

Jeremy alongside his wife, Helena Savory, expanded the family business with the RCBI company, and with just the two of them in the beginning, Savory and Partners has now grown to become a global corporation with over 60 industry experts worldwide.

Helena Savory, Managing Director of the company and a mother of two young boys says access to exceptional education, high quality healthcare, low cost of living, safety and its amazing climate made Portugal a preferred option for her to gain residency in as a family and businesswoman.

“As an example, a coffee and the much-loved pastry, Pastel de Nata, would cost you not more than €1 (equivalent to $0.96 cents), which shows you the unbelievably low cost of living in Portugal.” – Helena Savory

Helena adds that Portugal’s education sector is impressively expansive. Its higher education system is ranked as the 35th best in the world. Public education is free and compulsory until the age of 18. She notes that the country occupies the sixth position in the ranking of countries with the highest percentage of women entrepreneurs, ahead of countries such as Spain, Italy or Ireland. “Women are making their way to the top of the business ladder, and investment migration can help them take their success to a global stage.”

Portugal is witnessing an increased interest in investors looking for property and recently, the Green Visa scheme was introduced through which investors can obtain the Portuguese passport with an investment in environmental projects. 

Savory and Partners has a strong bilingual team in Lisbon and offices across the world to help investors find the best residency option for themselves. Find out more by visiting www.SavoryandPartners.com.

Distributed by APO Group on behalf of Savory and Partners.

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Sierra Leone Set to Showcase Offshore Ambitions with Petroleum Directorate of Sierra Leone (PDSL) Joining African Energy Week (AEW) 2026 as Strategic Partner

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African Energy Chamber

Sierra Leone is advancing offshore exploration, preparing a new licensing round and finalizing the formation of a new national oil company ahead of its Strategic Partnership with AEW 2026

CAPE TOWN, South Africa, March 26, 2026/APO Group/ –The Petroleum Directorate of Sierra Leone (PDSL) has joined African Energy Week (AEW) 2026 – scheduled to take place in Cape Town from October 12–16 – as a Strategic Partner. The Directorate will be positioned to leverage the event to highlight its open acreage, competitive fiscal framework and upstream integration plans to international investors, signaling Sierra Leone’s emergence as a frontier exploration hotspot in the MSGBC basin and across the wider Gulf of Guinea.

 

Italian energy major Eni and other international players have engaged in detailed geological studies across Sierra Leone’s offshore basin, underscoring rising confidence in the country’s hydrocarbon potential. Backed by enhanced 3D seismic reprocessing and basin-wide prospectivity studies, the PDSL is accelerating data-led de-risking efforts to unlock prospects such as Vega and attract fresh upstream capital.

 

A central focus for investors is the anticipated resumption of offshore drilling in 2026 – the country’s first campaign in nearly a decade. Following the conclusion of its fifth licensing round, which offered 56 offshore blocks, Sierra Leone is preparing to drill new wells targeting an estimated multi-billion-barrel resource base, supported by improved subsurface imaging and strengthened regulatory oversight.

 

PDSL’s participation at AEW 2026 reflects Sierra Leone’s serious commitment to unlocking its offshore potential through transparency, strong fiscal terms and data-driven de-risking

Sierra Leone is also in the final stages of establishing its first state-owned national oil company, which will hold a mandatory 10% carried interest in all exploration licenses. The government is targeting an overall 25–30% participation in projects, balancing national value capture with competitive terms for international operators.

 

Downstream integration is also gathering pace, with the 105–126 MW Nant gas-to-power plant in Freetown, developed by Anergi Group and TCQ Power, expected to nearly double national generation capacity when it comes online in 2027. In parallel, PDSL is spearheading plans for Sierra Leone’s first refinery to reduce reliance on roughly 15,000 barrels per day of imported refined products.

 

“PDSL’s participation at AEW 2026 reflects Sierra Leone’s serious commitment to unlocking its offshore potential through transparency, strong fiscal terms and data-driven de-risking,” said NJ Ayuk, Executive Chairman, African Energy Chamber, adding, “Their strategic vision aligns with Africa’s broader push for energy security, industrialization and investor partnership.”

 

With drilling set to resume, a national oil company nearing launch and integrated gas-to-power and refining projects advancing, Sierra Leone is entering a defining phase. At AEW 2026, PDSL is expected to present a clear message: the basin is open, the data is ready, and the opportunity is real.

Distributed by APO Group on behalf of African Energy Chamber.

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Critical Mineral Projects to Watch Ahead of Invest in African Energy (IAE) 2026

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The Uganda Chamber of Energy and Minerals, with both its CEO and governing council chairperson confirmed for Paris, will serve as the primary interface for investors seeking access to Uganda’s licensing framework and project pipeline

CAPE TOWN, South Africa, March 26, 2026/APO Group/ –Governments from West, Central and Southern Africa, with delegations confirmed for the Invest in African Energy (IAE) Forum in Paris next month, are each advancing critical mineral projects that span processing deals, development-stage assets and frontier exploration plays, giving investors a range of entry points across the minerals value chain.

Nigeria – Alumina Refinery & Lithium Processing

Nigeria struck a $1.3 billion deal with the Africa Finance Corporation in early March covering three components: construction of a one-million-ton-per-year alumina refinery, a national geoscience mapping program, and a joint investment vehicle to accelerate exploration and production across priority leases. Projected at 95% utilization over 20 years, the refinery is expected to add $1.2 billion to GDP annually and generate approximately $8 billion in foreign exchange earnings over its lifespan.

Separately, a $600 million lithium processing plant in Nasarawa State is at the commissioning stage, backed by ongoing mapping of lithium-bearing pegmatite belts across Kwara, Ekiti and Kaduna states. New mining licenses now require a local processing commitment covering at least 30% of output before export, a condition that directly shapes the investment structures available to foreign partners. Nigeria’s energy minister is among the confirmed delegations at IAE in Paris.

Zambia – Copperbelt Expansion & Cobalt Refinery

 

Copper output in Zambia is on course to clear one million tons in 2026, supported by First Quantum Minerals’ completed $1.25 billion S3 plant expansion at Kansanshi and Barrick Gold’s $2 billion program to double output at Lumwana by 2028. Several additional projects, including Sinomine’s Kitumba Mine and KoBold Metals’ Mingomba deposit, are also coming online this year, making Zambia one of the few places globally adding significant incremental copper supply in the near term.

Africa’s first cobalt sulfate refinery is targeting commissioning in Zambia in 2026, adding downstream processing capacity alongside the copper ramp-up. The Lobito Corridor, backed by a $553 million US Development Finance Corporation loan for Angola’s Benguela rail link, reduces export costs across the Copperbelt and improves project bankability for both mines and processing facilities seeking long-term offtake commitments.

Senegal – Falémé Integrated Iron Project

Senegal’s Falémé iron district in the Kédougou region holds over 600 million tons of probable reserves, including oxide ore at around 59% iron content and primary magnetite at roughly 45% Fe. The government launched the Falémé Integrated Iron Project as a phased program targeting 15 to 25 million tons per year at peak output, with national iron ore company MIFERSO conducting ongoing reserve verification.

The mineral export port at Bargny is operational and rail rehabilitation linking Kédougou to the coast is progressing under the Emerging Senegal Plan. The project is actively seeking a technical development partner. With port and rail infrastructure advancing independent of any single mining operator, Falémé carries lower logistics risk than comparable iron ore projects requiring greenfield corridor construction, which affects how financiers assess project bankability and timelines to first revenue.

Equatorial Guinea – Rio Muni Mineral Exploration

Equatorial Guinea’s Rio Muni mainland offers early-stage exposure to gold, bauxite, base metals, coltan and iron ore across largely underexplored onshore territory. The Ministry of Mines and Hydrocarbons has been opening the sector since its first public tender in 2019, with exploration contracts now in place and state geological mapping advancing in partnership with Rosgeo. Minister Antonio Oburu Ondo will address investors at IAE, with the minerals program expected to feature in bilateral meetings.

Uganda – Rare Earths & Minerals Sector Opening

Uganda holds rare earth deposits in ionic adsorption clay formations — a deposit type the IEA has flagged for low capital intensity relative to hard rock alternatives — alongside gold mineralization across greenstone belts in the West Nile, Karamoja and Mubende regions. The Uganda Chamber of Energy and Minerals, with both its CEO and governing council chairperson confirmed for Paris, will serve as the primary interface for investors seeking access to Uganda’s licensing framework and project pipeline, at the same time as the country’s Tilenga and Kingfisher oil developments move toward first oil.

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

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APO Group Takes Gold at 2026 SABRE Awards – Second Consecutive Win Across Different Clients and Sectors

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Recognition spans technology, global sport, and culture, reflecting APO Group’s cross-sector communications performance across Africa

JOHANNESBURG, South Africa, March 26, 2026/APO Group/ –APO Group (www.APO-opa.com), the pan-African communications consultancy integrating advisory, execution, and proprietary news distribution, has won gold in the Northern Africa category at the 2026 Africa SABRE Awards for its campaign, GITEX Africa Morocco 2025: A Media-Fuelled Journey for Tech Excellence.

 

Delivered for GITEX Africa, the campaign generated more than 3,600 media clippings across African and global outlets, positioning the event as the continent’s leading technology and startup platform, while reinforcing Morocco’s emerging status as a regional technology hub.

Being honoured at the SABRE Awards is particularly meaningful because it reflects the impact of communication designed specifically for how African markets work

APO Group was a finalist in two additional categories for campaigns delivered for international organisations operating across Africa:

  • The Africa Flag 2025 Tournament: Raising the Game in Cairo – National Football League (Media Relations category)
  • Broadcasting Greatness: Elevating African Hoops and Culture at BAL 2025 – Basketball Africa League (BAL) (Media, Arts & Entertainment category)

The SABRE Awards recognise excellence in branding, reputation management, and engagement across the global communications industry. This latest accolade adds to APO Group’s growing record at these prestigious awards, following its win in 2025 for a campaign delivered for Canon Central and North Africa, as well as multiple finalist placements for campaigns supporting leading institutions such as GITEX Africa, Africa’s Business Heroes, and the Global Africa Business Initiative.

 

“Being honoured at the SABRE Awards is particularly meaningful because it reflects the impact of communication designed specifically for how African markets work,” said Bas Wijne, Chief Executive Officer at APO Group. “Successful pan-African campaigns combine strategic planning and strong local execution, together with a clear understanding of how different markets, media environments, and audiences connect with a story. It’s about designing communications that deliver measurable outcomes and help organisations engage effectively and confidently across Africa’s diverse media landscape.”

In addition to its SABRE Awards success, APO Group has received multiple major industry honours over the past year, including Gold and Bronze at the Davos Communications Awards for excellence in strategic communications and campaign execution. The company was also named Africa’s Leading PR Agency – 2025 by Brands Review Magazine and Best Public Relations & Media Consultancy Agency of the Year – 2025 by World Business Outlook.Operating across 54 African countries, APO Group provides communications advisory services, public relations, and media distribution through its proprietary newswire, Africa Newsroom, which places content on more than 250 Africa-focused news platforms worldwide.

Distributed by APO Group on behalf of APO Group.

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