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African Energy Week (AEW) 2023 Unites Key Players During Invest in Angola Energies Spotlight Session

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African Energy Week

A dedicated country spotlight featured the participation of key players in Angola’s energy sector during the 2023 edition of AEW, offering stakeholders a unique insight into the growing market

CAPE TOWN, South Africa, October 18, 2023/APO Group/ — 

The 2023 edition of the biggest gathering of energy stakeholders and policymakers on the continent, African Energy Week (AEW) – organized by the African Energy Chamber (http://www.EnergyChamber.org) – featured a country spotlight roundtable on Angola, showcasing the country’s abundant reserves and favorable business environment.

Kicking off the session, heavy weights from Angola’s oil and gas sector, including representatives from the country’s National Oil Company (NOC), Sonangol; independent regulatory agency, the National Agency for Petroleum Gas and Biofuels (ANPG); and integrated energy company, Etu Energias, provided keynote speeches, showcasing the immense potential of the country’s oil and gas play.

“We are a petro-mature country and started producing first oil around 1960,” stated Belarmino Chitangueleca, Executive Director of the ANPG, adding, “Our challenge through the milestones resulted in the production of 2 million barrels of oil per day, which was a result of commitment, investment, and also adjusting legal frameworks and regulations, which have enabled business in Angola.”

Chitangueleca went on to reiterate the national concessionaire’s licensing of 12 onshore blocks in Angola’s Lower Congo Basin and invited independents and small companies to participate in the country’s burgeoning oil and gas industry.

“Angola is open for business. It has a friendly business environment. We respect the sanctity of the contracts that we sign. And these have been the bedrock of Angola as a powerhouse in oil,” stated Osvaldo Inácio, Executive Board Member at Sonangol.

“We are driving new energy in Angola, and we want to expand throughout Africa,” stated Edson dos Santos, CEO for Etu Energias, adding, “Believe in Angola. Not many countries in the world can offer you on- and offshore assets. We have solar power, hydroelectric opportunities, Angola offers the full package in terms of energy.”

Meanwhile, representatives from private energy companies including oil and gas supermajors, Chevron, ExxonMobil, and Azule Energy provided their expertise in the country’s energy sector.

“What we’re doing is going to provide fuel, expand electricity generation and make it more accessible to schools, homes, and medical facilities and will go on to drive human progress. Moreover, exploration and production will enable future projects and companies to come in in other sectors,” stated Billy Lacobie, Managing Director of the Southern Africa Strategic Business Unit at Chevron.

Following the launch of its 2023 Licensing Round in March, offering 12 blocks in the Lower Congo and Kwanza onshore basins, the ANPG serves a crucial role in managing Angola’s resources, overseeing partnerships with international oil companies and ensuring optimal utilization of hydrocarbon resources. Their involvement provides investors with confidence in the security of their investments and collaborative efforts to maximize output and returns.

Exploration and production will enable future projects and companies to come in in other sectors

“Working in partnership with Angola, going into frontier regions, we know, before we drill, that Angola has everything we need to go in and get things done,” stated Jeff Weidner, Development Manager for Esso Exploration Angola Limited at ExxonMobil.

Meanwhile, Angola’s strategic geographical position, ongoing infrastructure advancements, local content initiatives, and rapidly expanding market, represents an enticing investment opportunity for regional and global players.

“Angola’s mature fields offer huge opportunities,” stated Ian Cloke, Chief Operating Officer for independent oil and gas company, Afentra, adding, “I applaud the way Angola has approached the environment through the extensive offering of licenses, its issuance of regular rounds, and engaging with the industry to see what is needed to invest.”

Investments in critical infrastructure, including updated ports, pipelines, refineries, and storage facilities, have bolstered Angola’s oil and gas industry. These advancements improve operational efficiency, reduce transportation costs, and increase profitability for investors. With projects such as the Luanda, Soyo, Cabinda, and Lobito refineries currently well in development, Angola is positioning itself as a regional hub for energy production, offering an appealing and financially rewarding investment climate.

“There won’t be a transition without energy and industrialization, and we would welcome your interest in investing in our refineries and storage facilities,” Inácio stated, adding that, “As an NOC, we have an additional responsibility in the mid- and downstream segments of the industry.”

Meanwhile, the country’s pioneer Liquefied Natural Gas (LNG) project, Angola LNG, has positioned Angola as a highly attractive gas play, with new upstream developments promising an increase in LNG production and export.

“The environment is improving because the Ministry and the Agency are trying to understand what the investor needs in order to invest more. Partnering with Sonangol in low-carbon opportunities is very important for Angola,” stated Adriano Mongini, CEO of Azule Energy.

Angola boasts substantial oil reserves of 9 billion barrels and natural gas reserves of 11 trillion cubic feet, supporting a stable foundation for lucrative returns. The country’s high production rates – reaching approximately 1.06 million barrels of oil per day and 17,904.5 million cubic feet of natural gas in May 2023, ensure stability and ongoing revenue generation. Moreover, Angola’s strategic plans for development and underexplored areas like the Kwanza and Namibe Basins further enhance its status as a global frontier in energy exploration.

“There is a space now, as these basins mature, there are tremendous opportunities for small- to mid-sized companies to come in, join as a partner, and help mitigate production decline,” concluded dos Santos.

Meanwhile, on the renewables front, the panel noted that Angola has made significant strides through the Angola Renewable Energy Program, implemented from 2019 to 2022. This program focused on solar energy and hydropower, contributing to an increase in the national electrification rate from 33% in 2017 to 43% in 2021 and raising the renewable energy component of the energy mix from 59% to 64%. The country’s stated goal is to quadruple renewable energy production – with a specific emphasis on solar energy – from 125 MWh to 500 MWh.

Sponsored by the ANPG, Sonangol, Etu Energies, and Azule Energy, the Invest in Angola Energies country spotlight provided a multifaceted platform for investors and industry leaders to gain crucial insights into the evolving market and its associated opportunities.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more exciting information and updates about Africa’s premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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