LUANDA, Angola, April 1, 2025/APO Group/ —The Government of Angola launched this Wednesday, in Soyo, Zaire province, the Public Tender for the Concession of the Operation of Port Services in the Maritime Passenger and Cargo Terminals of the Port of Cabinda and in the River Passenger and Cargo Terminals of the Port of Soyo. This strategic initiative aims to strengthen regional logistics, improve mobility and boost the country’s economic growth.  

The process initiated today arises within the scope of Presidential Order No. 210/23, of August 29, which authorizes the opening of the tender for the award of concession contracts for the management, operation and maintenance of these terminals, for a period of 20 years.

Within 40 working days after the publication of the public tender notice in Jornal de Angola, investors interested in developing and optimizing the operation of these public assets can submit their proposals, in accordance with the requirements and factors set out in the documents of the procedure defined by the Ministry of Transport.

Connected to Luanda and ports in neighboring countries, Cabinda and Soyo are central hubs in maritime and river trade in the northern region, linking cities, populations and companies from different sectors, including oil.

In addition to the development of the cabotage sector in Northern Angola, the management of the concession will allow the creation of jobs, the improvement of freight and passenger transport logistics, and a better use of existing resources, ensuring a more competitive and sustainable operation, in line with efficiency and sustainability policies in the transport sector. in Angola.

The launching ceremony of the Tender for the Concession of the Passenger and Cargo Terminals of the Ports of Cabinda and Soyo was chaired by the Secretary of State for Civil Aviation, Maritime and Port Sectors, Rui Carreira.

More information about the competitors and proposals is available on the website https://www.Mintrans-Tenders.ao

CAPE TOWN, South Africa, April 1, 2025/APO Group/ –In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from African Petroleum Producers Organization (APPO) members to initiate the bank’s operations. Dr. Omar Farouk Ibrahim, Secretary General of APPO, announced this progress during the Congo Energy & Investment Forum last week.

The AEB aims to finance oil and gas projects across the continent, addressing funding challenges posed by traditional Western financial institutions’ reluctance to support fossil fuel initiatives due to environmental concerns. APPO has requested each of its 18 member states to contribute $83 million, targeting a total initial capitalization of $5 billion. Beyond Nigeria, Angola and Ghana, five additional member states – Algeria, Benin, the Republic of Congo, Equatorial Guinea and Ivory Coast – have pledged to make their payments, aligning with the bank’s goal to commence operations in the first half of 2025.

Nigeria remains sub-Saharan Africa’s largest oil producer, offering significant opportunities in the oil and gas sector, including a 2025 bid round. The implementation of the Petroleum Industry Act has introduced regulatory reforms to enhance transparency and attract investment, driving major projects forward. Recent final investment decisions (FIDs) include TotalEnergies’ $550 million Ubeta Gas Field Development and Shell’s $5 billion Bonga North Project, yet additional financing is crucial to advancing Nigeria’s gas agenda and unlocking its full potential in the energy transition.

Angola, meanwhile, is actively diversifying its energy portfolio while advancing major deepwater developments, including TotalEnergies’ $6 billion Kaminho Deepwater Project, Eni’s Agogo Integrated West Hub and a limited public tender, with a long-term goal of increasing production to 2 million barrels per day. The country plans to make an FID on its first green hydrogen project by 2025 – a 600 MW development led by Sonangol in collaboration with international partners. Additionally, Angola is spearheading its first non-associated gas project, the New Gas Consortium, and undertaking a $12 billion expansion of the Angola LNG plant to enhance its gas monetization efforts.

Ghana is strengthening its position as a leading oil and gas player with new commitments from Eni and Tullow Oil. In March, Eni and the Ghana National Petroleum Corporation signed an agreement to enhance offshore exploration, optimize existing assets and advance untapped reserves. This follows recent regulatory reforms aimed at improving fiscal terms, transparency and investment incentives. Tullow Oil also remains integral to Ghana’s energy sector, with production from the Jubilee and TEN fields supporting economic growth and plans to launch a drilling program in May 2025 to bring new production online. Beyond hydrocarbons, Ghana is modernizing infrastructure, expanding energy access and diversifying into renewables to strengthen long-term energy security.

Amid these developments, the establishment of the AEB is a strategic response to Africa’s need for dedicated financial institutions that understand the continent’s unique energy landscape. By providing tailored financing solutions, the Bank is poised to accelerate energy project development, enhance energy security and drive economic growth. As more countries contribute their capital shares, the bank is expected to play a pivotal role in unlocking investment, bridging financing gaps and ensuring sustainable energy expansion across Africa.

With Nigeria, Angola and Ghana contributing their capital shares, the AEB is gaining momentum as a key financial institution for the continent’s energy future. African Energy Week (AEW) 2025: Invest in African Energies – taking place from September 29 to October 3 in Cape Town – will serve as a vital platform to advance discussions on the AEB’s role in mobilizing investment and bridging financing gaps. The conference will cover strategic topics including upstream oil and gas, downstream infrastructure, the energy transition and power industry developments. Notably, AEW 2025 will feature an energy finance stage dedicated to the latest updates from the AEB, investment trends and strategies to reduce barriers to capital access, ensuring that Africa’s energy sector is well-positioned for sustainable growth.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.