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Angola Oil & Gas Summit Returns to Luanda in October, Unveiling Unprecedented Investment Opportunities in Africa’s Energy Hub

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10 months ago

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Angola Oil & Gas Summit

With substantial oil and gas reserves, an improved operating environment and a burgeoning energy industry, Angola is an attractive destination for international investors seeking opportunities in the African market

Também disponível em Português

LUANDA, Angola, January 17, 2024/APO Group/ — 

Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce that Angola’s premier investment platform – Angola Oil & Gas (AOG) – will return for its fifth edition from October 2-4 at Centro de Convencoes Talatona in Luanda, Angola this year. Uniting global financiers, high-profile project developers, and key players from both the Angolan and global energy landscape, the AOG conference and exhibition proudly takes place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company (NOC) Sonangol; the National Oil, Gas and Biofuels Agency (ANPG), the African Energy Chamber, the Petroleum Derivatives Regulatory Institute (IRDP) as well as the key players in the private sector.

Backed by key industry players including the Association of Angolan Petroleum Service Companies, the UK – Angola Chamber of Commerce, the US – Angola Chamber of Commerce, the Associação de Empresas Autóctones para a Indústria Petrolífera de Angola, Sonangol, Eni, TotalEnergies, Chevron, Exxon, Etu Energias and Azule Energy, AOG ranks as the official platform where Angola’s oil and gas matters and investment opportunities are discussed and optimized. In 2023, the event welcomed 2,213 industry delegates from 41 countries as well as 389 global companies, providing a dynamic platform for exploration and exploitation of investment and partnership opportunities within Angola’s thriving energy value chain.

“The African Energy Chamber is proud to endorse this conference and work with ECP on this edition of AOG. We are thankful to the leadership of the country for their consistent commitment to improving the operating environment for both local and international investors in Angola’s oil and gas sector. The announcement of multiple drilling campaigns scheduled to take place this year and next, points to a positive response of the industry to the government’s reforms,” said Sergio Pugliese, President of the African Energy Chamber in Angola.

According to Devi Paulsen-Abbott, CEO of ECP, “expanding on the success of previous editions, AOG 2024 will be bigger and better as we bring together industry leaders and foster collaboration for a more resilient Angolan oil and gas landscape.”

Angola’s energy sector is ripe for investment and the AOG 2024 conference and Exhibition serves as a bridge connecting foreign companies and their Angolan counterparts

As one of Africa’s leading oil producers, boasting an impressive output of over 1.1 million barrels per day (bpd), Angola has garnered a reputation as an easily accessible and attractive investment destination. Under the leadership of President João Lourenço and the Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, Angola ranks as Africa’s second-biggest oil producer and one of the continent’s fastest growing gas markets. The country has continued to attract additional investments for new exploration from global major players such as TotalEnergies, ExxonMobil, Chevron, Eni and Azule Energy. Local players such as Sonangol E&P and ACREP have resumed drilling onshore whilst Etu Energias has been active on the mergers and acquisition market, closing deals worth more than USD 1 billion in recent months. In 2024, an exhilarating project pipeline will unfold, accentuating the investment landscape in Angola, as recent transactions underscore promising opportunities. Anticipated highlights this year include the eagerly awaited final investment decision (FID) for the Cameia-Golfinho fields operated by Total E&P Angola. As well as the commencement of first production at the 30,000 barrels per day (bpd) CLOV Phase 3 project in Block 17 and the initiation of phase 1 of the 30,000 bpd Cabinda Oil Refinery.

Attention is not only on current developments but future projects – a testament to companies’ long-term focus on the Angolan market. In 2022, France’s TotalEnergies announced a multi-energy strategy in the country, with investments including the $850 million Begonia development in Block 17/06. In 2023, ExxonMobil announced it will invest up to $15 billion in the country’s Namibe Basin, with finance largely focused towards commercial oil discoveries. In late 2023, Azule Energy signed three Risk Service Contracts for offshore Blocks 46, 47 and 18/15; Afentra secured approval to acquire Blocks 3/05 and 23; while concessions signed for Blocks KON-2, KON-11, KON-12 and KON-16 marked the entry of new players including Inktank Group, Brite’s Oil and Gas, MTI Group and more.

Meanwhile, the country is also quickly becoming the investment destination of choice for natural gas players. With over 11 trillion cubic feet of proven resources, the development of large-scale projects is underpinned by attractive fiscal terms. The $12 billion Angola Liquefied Natural Gas project – with a capacity of 5.2 million tons per annum – showcases the commercial viability of billion-dollar gas projects. Construction of the Soyo II Combined Cycle Power Plant is kicking off this year; the Quiluma/Maboqueiro project is on track for first production in 2026; the Agogo FFD project expects first gas in 2024; while FID is expected for the Ndungu FFD. Top of FormBottom of Form

Angola has also streamlined the investment process, making it straightforward for potential investors. Through the country’s six-year licensing round – launched in 2019 – the ANPG consistently invites investment into emerging basins, attracting a wide variety of companies. In September 2023, a recent public tender was launched for 12 onshore blocks in the Kwanza and Congo basins, the results of which are expected in 2024. Through regular engagement with foreign and local companies, the country works closely to ensure mutual benefits and maximum returns. Additionally, the government is committed to strengthening the competitiveness of the domestic industry, a process that has seen the emergence of local giants such as Cabship and FAMAR, both in logistics. The government has also embarked on a process which would see NOC Sonangol transform into a global energy company by 2026. This showcases Angola’s modern and industry-focused approach to developing its resources.

Angola’s investment opportunities transcend traditional oil and gas, with the country’s renewables enticing players. A landmark green hydrogen development is on track to be developed with the aim of supplying European markets, making the project unique in the region. Significant opportunities also remain for investors interested in solar, critical minerals and wind. Global support has already been noted with the United States government and associated institutions pledging $2 billion in December 2023 towards these industries.

As such, Angola’s energy sector is ripe for investment and the AOG 2024 conference and Exhibition serves as a bridge connecting foreign companies and their Angolan counterparts. Building and expanding on discussions and deals signed at the 2023 event – seven agreements in total – the 2024 conference promises new opportunities for engagement and investment. Make the right investment: join the AOG 2024 conference today.

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

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Yellow Card Secures Crypto Asset Service Provider Licence in South Africa

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19 hours ago

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November 21, 2024

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Yellow Card

Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ — 

Yellow Card (www.YellowCard.io), Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.  

Commenting on the FSCA’s decision to issue the licence to Yellow Card Financial South Africa, Chris Maurice, Yellow Card’s co-founder and CEO, said, “The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent.This achievement reflects our dedication to providing secure, compliant and transformative solutions for our customers both in South Africa and across Africa.  

The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent

Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%. In South Africa alone, where the number of total users of crypto assets is estimated to amount to 5.8 million people, stablecoins have experienced growth of 50% month over month since October 2023, displacing bitcoin as the country’s most popular cryptocurrency.  Yellow Card is excited to play a pivotal role in this financial revolution in South Africa. 

Yellow Card, which launched in South Africa in 2020, has facilitated over US$3 billion in transactions in the last several years and now operates in 20 countries across the continent. The company recently completed a US$33 million Series C financing, led by Blockchain Capital and existing investors, including Polychain Capital, Valar Ventures, Third Prime Ventures, Coinbase Ventures, and Block, Inc. (Square/Cash App), reflecting strong investor confidence in its mission.   

As the stablecoin landscape continues to evolve, Yellow Card is committed to leading the charge in making digital assets accessible and secure for businesses across Africa. With the recent licensing and funding, the company plans to expand its B2B offerings by enhancing its stablecoin rails, upgrading infrastructure, and advancing its B2B API and Widget. These efforts will empower businesses with seamless solutions for liquidity management and their general operations. 

To learn more about Yellow Card, visit: https://YellowCard.io/. 

Distributed by APO Group on behalf of Yellow Card Financial.

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Telecoming and MTN Partner to Launch cloud gaming in South Africa

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19 hours ago

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November 21, 2024

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MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ —

  • Both companies extend their collaboration to introduce cloud gaming in South Africa.
  • MTN Cloudplay aims to revolutionize digital entertainment with affordable, high-quality gaming access.

MTN, Africa’s leading telecommunications operator with over 290 million subscribers across the continent, announces the launch of Cloudplay, a revolutionary new cloud gaming service, with Telecoming (www.Telecoming.com), a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. This project marks a new milestone in the ongoing collaboration between the two companies.

MTN Cloudplay: A Game Changer

MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles. The service will allow customers to stream high-end PC games to their mobile phones, enabling them to play anywhere, anytime.

This service seeks to democratize access to high-quality mobile gaming for the whole family; including various genres which include retro games and exciting popular gaming titles with multi-device gameplay, at an affordable price of only R79 per month.

Jason Probert, General Manager for Digital Services at MTN South Africa shared his thoughts on the collaboration:

Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month

“We’re thrilled to launch MTN Cloudplay in South Africa. We’re committed to enabling our customers to enjoy the benefits of a modern connected life and the advent of 5G means that it is now possible to stream and play games without the need for a PC or console. Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month.”

Alí Karaosman, MEA Director of Telecoming says “It is very exciting for us to extend our collaboration with MTN, bringing our nearly decade-long experience in this market and supporting the operator in this innovative digital entertainment offering, we are convinced that MTN Cloudplay will revolutionize the way users in South Africa enjoy video games. For Telecoming, this partnership with MTN is a strategic step in our mission to bring esports and innovative digital services to Africa. We are committed to continuing to develop technological solutions that enhance digital leisure for people in the region.”

Service Details

MTN Cloudplay is available to all MTN users in South Africa since November 2024. With a vast library of over 340 games from over 50 publishers, this cloud gaming service offers an unmatched gaming experience on any device.

MTN Cloudplay is accessible to MTN subscribers. Users can visit https://Cloudplay.MTN.co.za to explore the platform and enjoy a wide selection of gaming titles.

Highlights

  • Extensive Game Library: Enjoy classics like Contra, PacMan and Mortal Kombat and modern hits like Hogwarts Legacy and Borderlands 3.
  • Bring Your Own License (BYOL): Access games you’ve purchased on Steam, such as Grand Theft Auto V and Fallout 4.
  • Multi-Device Access: Play on any device and switch seamlessly between them.
  • Low Latency: Experience responsive gameplay with minimal lag.
  • Subscription: Available directly on https://Cloudplay.MTN.co.za or via the MTN Play https://Play.MTN.co.za website for R79 per month.

Distributed by APO Group on behalf of Telecoming.

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rainx Launches the101 Range of 5G Fixed Wireless Access (FWA) Routers for Mobile Network Operators (MNOs)

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1 day ago

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November 20, 2024

By

rainx

The industry’s smartest and most aesthetically pleasing 5G and Wi-Fi 7 router opens new opportunities for service providers globally

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ — 

rainx, a leader in 5G Fixed Wireless Access (FWA) solutions, has launched the101 range (https://apo-opa.co/40UwYYE), an advanced ecosystem of fixed wireless 5G and Wi-Fi access products designed to meet the high standards of modern Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs) and their customers.

This lineup includes the101 and the101 Pro 5G smart routers, the101 Xtender smart mesh Wi-Fi extender, and the101 Loop – a new category of product designed for today’s always-connected customer, powered by MediaTek. Together, these solutions redefine 5G FWA, enabling operators to enhance network quality, reduce churn, and drive new revenue streams. The routers also offer a collection of 101 skins to suit the users’ style, creating devices that are designed to be on show.

Targeted to the demands of the modern telco

As demand for 5G-enabled FWA continues to surge, MNOs face complex challenges in scaling network capacity and quality for fixed locations, while managing the concurrent load on mobile networks. Recognising this challenge, rainx has engineered the Customer Edge approach, an integrated ecosystem of products and services designed to empower operators to manage and optimise the customer experience. This begins with the101 range of 5G smart routers, which double as network probes, feeding real-time insights to theStation, a smart managed services platform.

theStation provides operators with deep network insights, enabling accurate, proactive decisions on coverage and capacity expansion. Operators can access detailed data on network performance in the home, including Wi-Fi clients, usage patterns, speed and latency – providing proactive support and direct customer communication through the101’s touch screen. This visibility gives MNOs comprehensive control over the entire FWA ecosystem, helping to streamline network load management, anticipate capacity needs, and deliver high-speed connectivity for both residential and commercial customers.

For end-users, the101 range provides an intuitive, self-service interface that empowers customers to manage their network in real time, minimising support needs and enhancing the overall customer experience.

Key Products in the101 Range include:

the101 Pro 5G smart router

Built for premium, high-demand users, the101 Pro offers advanced 5G capabilities with the new MediaTek (MTK) T830 platform that delivers sub-6Ghz 5G with speeds of up to 7 Gbps, Wi-Fi 7 and 300MHz 4 carrier aggregation. The routers offer a range of customisable skins to suit the users’ aesthetic preferences that bring the Pro’s screen to life. Its powerful hardware ensures optimal performance for bandwidth-intensive applications, including cloud gaming.

Our Customer Edge approach provides operators with the deep insights they need to make informed decisions on their networks

Ripple Messaging™ offers MNOs a direct communication channel to the device’s 2.1” touch screen for real-time support and service notifications. It includes a built-in speed test and a “Tap for Support” feature. Additionally, theStation’s managed services enable proactive device management, optimising performance with real-time updates to ensure continuous service quality and reducing operational costs.

the101 5G Smart Router

rainx’s mid-range offering is powered by an MTK T750 platform with 200MHz two carrier aggregation and AX3600 Wi-Fi 6. With a 1.8” touch screen display, it offers smart features like “Scan to Connect”, direct messaging and a built-in speed test. It’s available with a choice of 101 skins to suit customer tastes. the101 also offers managed services through theStation.

the101 Xtender Smart Mesh Wi-Fi

the101 Xtender broadens 5G coverage, enabling MNOs to deliver high-quality, uniform connectivity throughout larger spaces. As part of the mesh network, Xtenders integrate directly with 101 routers, allowing operators to address Wi-Fi coverage gaps and deliver a consistent, high-speed experience across homes or office spaces.

the101 Loop

A new portable 5G router designed for today’s always-connected consumer. With built-in 5G, a 5.5” LCD touch screen, 25W stereo sound and a cinematic camera, the Loop lets you connect in exciting new ways. MNOs can leverage the Loop’s multimedia capabilities to offer premium services, build customer loyalty and create new ARPU (Average Revenue Per User) opportunities through integrated 5G and Wi-Fi.

“Through smart hardware and services, we’re partnering with MNOs and MVNOs to unlock the potential of 5G,” said Brandon Leigh, Founder and Director of rainx. “Our ecosystem empowers operators to monetise latent 5G capacity, create new revenue streams, and addresses the shift from spiky mobile traffic to high, steady usage at fixed locations. Our Customer Edge approach provides operators with the deep insights they need to make informed decisions on their networks, manage the customer experience and generate ROI from 5G.”

“For customers, the 101range allows them to blend their aesthetic preferences with beautiful customisable skins, alongside high-performance engineering powered by the latest MediaTek CPE technology. the101 range delivers a reliable, high-speed connection that stays robust during periods of spiky traffic. The range also offers intuitive self-service features, allowing customers to easily monitor and control their router, reducing the need for support calls and creating a seamless, hands-on user experience that truly puts the power in their hands,” Leigh concluded. 

Rami Osman, Director of Business Development for MediaTek Middle East and Africa, said: “We are excited to collaborate with rainx to increase 5G FWA access across Africa, Asia and abroad to bring the benefits of fast, reliable connectivity to consumers and businesses. The MediaTek T830 has a highly integrated and compact design that provides big power savings and reduces development time and costs for customers like rainx.

“The MediaTek T830 chipset platform represents the latest advancements in both 5G and Wi-Fi connectivity and enables our customers to build extremely high-performance multi-gigabit 5G CPE products in the smallest form factors possible. Users can get a super-fast router at home of office that they can self-install and manage, reducing the lengthy installation times for fixed line broadband,” Osman said.  

Distributed by APO Group on behalf of MediaTek Inc..

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