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Angola Oil & Gas 2024 Launches in Luanda

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The fifth edition of the Angola Oil & Gas conference launched in Luanda on Tuesday with a networking event uniting key players from across the industry

LUANDA, Angola, February 29, 2024/APO Group/ — 

Angola’s premier event for the oil and gas sector – the Angola Oil & Gas (AOG) conference – was officially launched in Luanda on Tuesday. Uniting Angolan government and energy companies with global operators and investors, the launch event set the tone for the main conference, scheduled for October 2-3 at Centro de Convencoes Talatona.

Angola plans to increase production to 1.18 million barrels per day in the short term while establishing itself as a global LNG supplier. A six-year licensing round is underway to achieve oil production targets, with the most recent 12-block tender receiving 53 bids. Plans to develop downstream capacity to support regional demand continue to create lucrative opportunities for project and service companies, and the AOG 2024 conference this October will not only shed light on upcoming investment prospects but connect global players to the growing Angolan oil and gas market.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

“The Angola Oil & Gas conference represents a catalyst for investment. The country is on the precipice of becoming a regional hub for oil and gas, making great strides towards maximizing its recourses for the betterment of the regional population. Building on this success as a premier investment destination for energy development AOG’s fifth edition is set to attract a fresh slate of capital into the country’s oil and gas industry,” said Luís Conde, Angola Oil & Gas Event and Project Director.

The country is on the precipice of becoming a regional hub for oil and gas, making great strides towards maximizing its recourses for the betterment of the regional population

The year 2024 promises to be an exciting one for Angola’s oil and gas market. The country anticipates a final investment decision to be made for the Cameia-Golfinho fields operated by Total E&P Angola; expects first production at the 30,000 barrel per day (bpd) CLOV Phase 3 project in Block 17; and plans to start the first phase of the 30,000 bpd Cabinda Oil Refinery.

Focus remains on upstream development, with 43 wells expected to be spud this year alone, as well as downstream infrastructure, with projects such as the Lobito and Soyo Refineries, the Angola-Zambia Oil Pipeline, an LNG storage and gas processing terminal and more, currently underway.

Under the leadership of the Ministry of Mineral Resources, Oil and Gas, Angola’s oil and gas sector has been transformed to offer a highly attractive environment for doing business. Fiscal and monetary reforms including the establishment of the National Agency for Oil, Gas & Biofuels and the enactment of decrees to streamline investment have only strengthened the industry. Additionally, the privatization of national oil company Sonangol has ensured a competitive partner for global firms, signaling a new era of successful E&P projects in Angola.

These reforms have already shown positive results as companies turn their interest towards Angola’s attractive oil and gas opportunities. TotalEnergies is implementing a multi-year energy strategy encompassing the $850 million Begonia development; ExxonMobil is looking at investing up to $15 billion in the country while M&A have been a buzz of activity. Specifically, energy company Azule Energy signed three Risk Service Contracts for Blocks 46, 47 and 18/15 while upstream oil and gas company Afentra acquired Blocks 3/05 and 23. Players including Inktank Group, Brite’s Oil and Gas, MTI Group and more have also entered the market in recent months.

AOG 2024 builds on this momentum to promote new opportunities in oil and gas. Under the theme, Driving Exploration and Development Towards Increased Production in Angola, the event unites the entire oil and gas value chain to discuss the way forward for the industry. With over nine billion barrels of proven oil reserves and 11 trillion cubic feet of proven natural gas, the country offers lucrative prospects for E&P firms, service companies and global investors alike.

“The [AOG 2024] event is effectively a fantastic platform to allow Angolan service companies to not only promote their services and portfolios but also provides opportunities for all to exchange experiences and businesses. In all, it is a venue where strong and long-lasting business links are established, and as we see very often, good business is also carried out,” stated Bráulio de Brito, Chairman of the Board, Angola Oil & Gas Service Companies Association.

Taking place October 2-3, AOG 2024 – organized by Energy Capital & Power – builds on the success of its previous editions to offer a platform for dialogue, deals and decision-making. In 2023, the event welcomed 2,213 delegates from 41 countries, with seven industry-advancing deals signed. The 2024 edition promises to be even bigger and better, offering unparalleled opportunities for financiers, project developers and Angolan companies.

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

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ACG CEO Paulo J. Cruz to Speak at the Leadership Summit 2026 in Luanda on How Sport and Entertainment Districts Can Accelerate Africa’s Productive Economy

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Paulo J. Cruz joins CEOs from Angola’s telecoms, energy, data infrastructure, and technology sectors on the Productivity and Productive Economy panel at one of the country’s leading executive summits

LUANDA, Angola, November 10, 2026/APO Group/ –African Collaborations Group (ACG) (www.ACGafrica.com), the leading strategic project origination and collaboration platform focused on the industrialisation of sport in Africa through the origination of bankable sport and entertainment district ecosystems, today announced that its Founding CEO, Paulo J. Cruz, will speak at the 2nd Edition of the Leadership Summit 2026 (Cimeira de Liderança 2026) in Luanda, Angola, on 19 November 2026.

 




 
 

Mr Cruz will participate in Panel 3, “Productivity and Productive Economy,” alongside CEOs from Angola’s telecoms, energy, data infrastructure, and technology sectors, including the leaders of TVCABO Angola, Raxio Data Centres, Angola Cables, TIS, and EWT – Energy Water Telecom. The panel will be moderated by Kussi Bernardo, CEO of Multitel.

The Leadership Summit, held under the theme “Leadership that Generates Results: Strategy, Execution and Value,” convenes Presidents of Boards of Directors, CEOs, CFOs, and senior executives from Angola’s most strategic sectors, including oil and gas, mining, banking, telecoms, energy, industry, and agriculture. The event takes place at the Palmeiras Suite Hotel in Talatona, Luanda.

A Victory District™ generates revenue from 15 to 20 different asset types, creates thousands of permanent jobs, and operates 365 days a year

Mr Cruz will address how ACG’s origination of integrated sport and entertainment districts across Africa contributes directly to the transformation of the productive economy. His intervention will focus on how sport infrastructure, when conceived as a financially self-sustaining urban ecosystem rather than a standalone stadium, becomes a catalyst for job creation, tourism, diversified revenue generation, and long-term economic development.

“Sport infrastructure is not a social cost. It is a productive asset,” said Paulo J. Cruz, Founding CEO of ACG. “A Victory District™ generates revenue from 15 to 20 different asset types, creates thousands of permanent jobs, and operates 365 days a year. That is not a stadium. That is a contribution to the productive economy. I am honoured to share that vision alongside some of Angola’s most influential business leaders.”

ACG’s Victory District™ framework is designed to originate integrated, mixed-use sport and entertainment districts that move beyond single-venue development models. Each district combines stadiums, indoor arenas, training academies, hotels, conference centres, retail, entertainment, residential, and commercial space within a single masterplanned development, financed by private and institutional capital without reliance on public subsidy.

Mr Cruz brings more than 25 years of experience across Africa, the Middle East, and Europe in originating, structuring, and delivering large-scale infrastructure, urbanisation, and real estate development initiatives. Prior to ACG, he served as Senior Vice President at DAMAC Group, the largest private real estate developer in the Middle East, and as Group CEO of LandAfrique, a pan-African development platform focused on industrial parks, infrastructure, housing, and power projects across Sub-Saharan Africa.

The Leadership Summit 2026 is an initiative of Clube De Valor™, focused on leadership, strategy, execution, and value creation across Angola’s business landscape.

Distributed by APO Group on behalf of African Collaborations Group (ACG).

 




 

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South Sudan, Uganda, Kenya and Djibouti to Headline South Sudan Oil & Power (SSOP) 2026 Ministerial Panel

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The Ministerial Panel will feature ministerial representatives from South Sudan, Kenya, Djibouti and Uganda

JUBA, South Sudan, November 10, 2026/APO Group/ –Senior energy and government representatives from South Sudan, Uganda, Kenya and Djibouti will participate in a ministerial panel at South Sudan Oil & Power (SSOP) 2026, taking place November 24-25 in Juba. The discussion will focus on strengthening regional energy cooperation, advancing cross-border infrastructure and attracting investment into East Africa’s petroleum sector.

 




 
 

Titled Regional Cooperation, Investment and Energy Security, the panel will feature Awow Daniel Chuang, Minister of Petroleum of South Sudan; Monica Musenero Masanza, Minister of Energy and Mineral Development of Uganda; Silvester Kasuku, Advisor, Governance, Executive Office of the President, Kenya; and Wahib Ali Boulo, Director of Hydrocarbons, Djibouti.

Their participation comes as East Africa enters a new exploration and production cycle, backed by the start of upstream projects in Uganda and Kenya, a drive to strengthen cross-border trade by Djibouti and efforts to increase crude production in South Sudan. Regional cooperation is supporting these activities and SSOP 2026 will provide a platform to explore East Africa’s broader energy renaissance.

Minister Chuang joins the event as South Sudan opens its upstream market to international investors. Under efforts to raise production from 174,000 barrels per day (bpd) to around 230,000 bpd in the near term, the country is inviting investors to support brownfield development, accelerate exploration and expand refining capacity. Around 14 blocks are currently available.

Uganda is also promoting investment in exploration as the country prepares to start oil production from the Kingfisher and Tilenga oilfields in June 2027. The fields represent the country’s entry into commercial oil production. Crude will be exported via the East African Crude Oil Pipeline, currently 92% complete, which connects the fields to Tanzania’s Port of Tanga. To sustain upstream investment, the country also plans to launch a licensing round in 2026/2027.

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Kenya is preparing to join East Africa’s oil producers as the country prepares for first production from the South Lokichar Basin in December 2026. Developed by Gulf Energy, the project targets 20,000 bpd in its first phase and 50,000 bpd in its second. The project coincides with investments in the downstream sector. In late-September 2026, Nigeria’s Dangote Group launched construction activities at a 700,000-bpd refinery in Lamu. A South Sudanese delegation, led by Minister Chuang, attended the groundbreaking ceremony.

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As regional neighbors prepare for commercial oil production, Djibouti continues to strengthen its cross-border partnerships. The country signed an agreement with South Sudan in 2025 to develop the White Nile Trade Corridor, which aims to establish river and dry-port infrastructure in Juba, Bor, Malakal and Renk, connecting South Sudan to international trade routes through Djibouti. Boulo’s participation at SSOP 2026 creates new pathways for strengthened regional ties.

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Returning for its seventh edition under the theme Resource Renaissance – Energy-Fueled Growth for a New Generation, SSOP 2026 will provide a platform for policymakers, national oil companies, investors and infrastructure developers to examine how regional partnerships can strengthen energy security and accelerate project development.

For more information, visit www.SouthSudanOilPower.com.

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

 




 

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Merec Industries, a subsidiary of Invictus Investment Company PLC, builds first pasta manufacturing plant in northern Mozambique

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The plant will significantly expand Mozambique’s pasta production capacity and bring production closer to consumers in the north, while increasing the availability of high-quality fortified pasta in line with the country’s national food fortification requirements

Today, pasta is part of the basic food basket of Mozambicans

DUBAI, United Arab Emirates, November 10, 2026/APO Group/ —
  • Merec Industries, Mozambique’s largest flour milling company, is building the first pasta manufacturing plant in the north of the country, taking its coverage countrywide
  • Once complete, Merec’s plants will have the capacity to meet Mozambique’s domestic pasta demand and export the surplus, contributing to the country’s food security
  • The investment comes as Merec Industries prepares for its next phase of growth, with Helios Investment Partners set to become a minority shareholder in the business alongside Invictus Investment
  • Governor of Nampula Province visited the site in Nacala to view construction progress

 




 
 

Invictus Investment Company PLC (https://InvictusInvestment.ae/) (ADX: INVICTUS), a leading holding company specialised in agro-food commodities across the Middle East and Africa, today announced that its subsidiary Merec Industries (“Merec”) is building the first pasta manufacturing plant in the northern region of Mozambique, in Nacala. Once the plant is complete, Merec will be the only company in Mozambique with pasta manufacturing facilities in all three regions of the country: the north, central and south. Together with the expansion of its Machava industrial facility in the south, the new plant will take Merec’s total pasta production capacity beyond Mozambique’s national demand, enabling the country to meet its pasta demand from local production and export the surplus. Nacala is home to a deep-water port and is the gateway to the Nacala Logistics Corridor, which links Mozambique to Malawi and Zambia.

The Governor of Nampula Province, His Excellency Eduardo Abdula, visited Merec’s facilities to view construction progress and learn more about the developments of this investment. The plant will significantly expand Mozambique’s pasta production capacity and bring production closer to consumers in the north, while increasing the availability of high-quality fortified pasta in line with the country’s national food fortification requirements. It will also create direct and indirect jobs, develop local skills and involve businesses across the value chain, from production and logistics to distribution and sales.

Merec’s operating performance has improved significantly since it joined Invictus Investment in January 2025, prompting a more ambitious growth strategy to expand it beyond its core operations into new food categories in Mozambique and across the wider Southern African Development Community (SADC) region. In October 2026, Invictus Investment and Helios Investment Partners announced that Helios Fund V had entered into an agreement to acquire up to a 49% interest in Merec’s holding company, with Invictus Investment remaining the majority shareholder. The transaction is expected to close by the end of 2026, subject to customary closing conditions, including regulatory approvals.

Merec and Invictus Investment also signed cooperation agreements with the International Finance Corporation (IFC), a member of the World Bank Group, at the Lusophone Africa Investment Forum in Cabo Verde last month, to advance agribusiness in Mozambique and across Africa.

Commenting on the announcement, Amir Daoud Abdellatif, CEO of Invictus Investment, said: “Completing Merec’s pasta manufacturing footprint across Mozambique brings production closer to consumers and provides the local capacity needed to build a more resilient food business. This investment is part of our wider approach to growth, which involves taking majority positions in strong businesses, investing in their expansion and bringing in partners who can help take them further. Our ambition is to develop Merec into a regional food platform for Southern Africa, and this plant is an important part of the foundation for that.”

Eng. Luís Aveleira, Executive Board Member at Merec, added: “Today, pasta is part of the basic food basket of Mozambicans. Through this investment, we want to help ensure that Mozambique has the capacity to meet the needs of its own market, reducing its dependence on imported products. With industrial facilities in the north, central and south regions, we are strengthening our ability to supply the national market and contributing to the country’s objectives of promoting local production and import substitution. Beyond ensuring the supply of the domestic market, we also aim to build the capacity to generate production surpluses for export, contributing to foreign currency earnings and the growth of the national economy. We believe that investing in domestic production means investing in food security, industrialisation and the future of Mozambique.”

In addition to strengthening Mozambique’s food security and reducing its reliance on imports, the project reflects Invictus Investment’s focus on midstream and downstream assets across key African markets in support of its aim of becoming a fully integrated agro-food enterprise.

*Please refer to https://apo-opa.co/4sT7DdG for more information. 

Distributed by APO Group on behalf of Invictus Investment Company PLC.

 

 




 

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