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A Home for Global Players: How Stability has Fueled Foreign Direct Investment in Angola

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Energy Capital

Over the past decade, Angola has undergone a quiet but decisive transformation. Once viewed primarily through the lens of production decline, the country has repositioned itself as one of Africa’s most stable and attractive destinations for foreign direct investment (FDI). Policy overhaul, the establishment of a dedicated upstream regulator and a commitment to flexibility has made the country a preferred destination for upstream investment – particularly for international oil companies (IOCs) seeking predictability in an ever-changing global climate. As a result, Angola expects an upstream investment pipeline of $70 billion (http://apo-opa.co/49KDXYi) in the next five years, signaling the country’s standing as a home for global oil and gas players.

Policy Certainty as an Investment Catalyst

Angola’s ability to attract billions of dollars in upstream FDI is largely attributed to its strategic approach to policy restructuring. Following the establishment of the National Oil, Gas & Biofuels Agency (ANPG) in 2019 and the subsequent launch of a multi-year licensing strategy, the country was able to attract sustained investment in undeveloped blocks. Between 2019 and 2025, 64 blocks were offered, of which 37 were awarded and 27 are currently under approval or negotiation. Further supporting investment, the government introduced a Permanent Offer Regime in 2021 and marginal field opportunities in 2024, allowing the ANPG to by-pass traditional bidding rounds. This made assets permanently available to investors, allowing operators to expand their portfolios while supporting new entrants in the market.

The country is also leveraging policy to incentivize investment across mature assets under an overarching target of sustaining production above one million barrels per day. With the launch of the Incremental Production Decree in 2024 – featuring a specialized legal and tax framework (http://apo-opa.co/49OSFh6) for mature assets – Angola introduced significant fiscal incentives, including reduced Petroleum Production Tax and Petroleum Income Tax rates. ExxonMobil was the first to deliver a discovery through this decree, with the Likembe-01 well drilled in Block 15 in 2024. Additional policies such as the Gas Master Plan – offering a framework for investing across the gas value chain – are expected to further support spending, consolidating Angola’s position as a leading FDI destination in Africa.

IOCs Double Down on Angolan Investment

Angola’s FDI attractiveness is reinforced by IOC activity across the market. Leading operators continue to consolidate their portfolios, pursuing new acreage while reinvesting in mature blocks. At Angola Oil & Gas (AOG) 2025, energy majors announced billions of dollars (http://apo-opa.co/4q5Nzlh) for Angolan projects, underscoring a commitment to the country’s upstream development. Through its joint venture Azule Energy, Eni plans to invest $5 billion in the market over the next several years, building on $5 billion invested to date. TotalEnergies plans to invest $3 billion through its Dalia Life Extension project, while ExxonMobil could invest as much as $15 billion in Angola – contingent on exploration results. Shell’s return to Angola in 2025 further reinforced the country’s renewed appeal to global investors, with the company set to invest $1 billion on new oil blocks in the country.

On the project front, TotalEnergies is developing the $6 billion Kaminho deepwater development, targeting a 2028 start. Azule Energy is scaling operations at the Agogo Integrated West Hub Development and New Gas Consortium project, following the start of operations at both in 2025. Meanwhile, Chevron is expanding oil production, with the South N’dola field delivering first oil in December 2025. These advancements signal strong investor confidence in Angola’s capacity to support large-scale, long-term hydrocarbon projects.

From Conference Floor to Project Delivery

As Angola consolidates its position as a stable, investment-ready market, the AOG Conference & Exhibition – returning to Luanda from September 9-10, 2026 – has emerged as the industry’s primary platform for translating policy into projects. The conference has consistently served as the official meeting place for IOCs and government, facilitating deal-making, portfolio expansion and strategic alignment. As Angola sharpens its focus on IOC-led investment in 2026, AOG will remain central to driving capital deployment, project execution and long-term value creation across the country’s hydrocarbon sector. The event will feature a day of technical workshops on September 8, 2026.

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

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

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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.

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Business

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

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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.

 

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

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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).

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