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Angola Targets 60% Electrification by 2025 Driven by Renewables (By Verner Ayukegba)

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Angola aims to increase energy generated from renewable sources and attract greater FDI from the EU and international financial institutions.

DAKAR, Senegal, April 20, 2022/APO Group/ — 

By Verner Ayukegba, Senior Vice-President of the African Energy Chamber

The Angolan government has reiterated its commitment to expanding the share of renewables in the country’s energy mix, with targets set to increase the utilization of renewable energy sources to 70% by 2025. The country’s energy mix is currently dominated by hydroelectric power (56%) but also includes energy generated from natural gas (12%). As the country looks to enhance investment and development within the green energy space, the government has emphasized the role that international financial institutions and global partners will play in helping drive the country’s transition.

Angola is uniquely positioned to expand the role of its already strong hydropower sector, with estimates that out of the country´s 47 large watersheds, only 5% are currently being utilized. But hydropower is not the only renewable energy source that the southern African country is actively pursuing. Several areas in Angola benefit from particularly favorable wind conditions. For example, the wind speeds in the southern and central highlands of Angola are estimated at an average of 4.5 meters per second, which is optimal for the installation of a wide range of wind farms and turbines of various sizes. Furthermore, the area facing the Atlantic coast also benefits from strong winds and is projected to have the potential to generate more than 3.9 GW of wind energy. In this regard, and with the objective of driving renewable energy project developments, Angola is looking towards other continents such as Europe, which is home to a plethora of companies with extensive expertise in successfully executing wind energy projects and can serve as ideal partners for Angola. These include Danish manufacturer Vestas Wind Systems; Spanish electric company, Iberdrola; Spanish Renewable Energy Company, Siemens Gamesa; and Austrian independent power producer RP Global, among others.

It is worth noting, that Angola’s large hydropower as well as renewables potential makes it a top target regarding green hydrogen, which is touted in many regions as a preferred energy source of the future. For this reason, state owned national oil company Sonangol has started exploring the possibility of producing green hydrogen in Angola together with German partners. The German government, as well as the entire European Union (EU), is very interested in diversifying its energy needs away from Russian gas, and hence, is set to intensify collaboration aimed at developing green hydrogen in Angola.

Angola’s large hydropower as well as renewables potential makes it a top target regarding green hydrogen, which is touted in many regions as a preferred energy source of the future

In addition to having companies with a successful track record in renewable energy, Europe is also a partner of choice in attracting investment to help fund renewable energy projects in Angola. Some of the largest investors in wind, solar, and offshore energy projects include the Green Investment Group, Edinburgh (UK); Copenhagen Infrastructure Partners (Denmark); Qualitas Equity (Spain); Fontavis (Switzerland); Scatec (Norway); Eiffel Investment Group (France); Finerge (Portugal); Ventient Energy (UK); Wirtgen Invest (Germany) and, RP Global (Austria). These investors will be critical for Angola as it ramps up green energy developments country-wide.

Meanwhile, the EU has put in place the Africa-EU Green Energy Initiative which aims to support Angola´s decarbonization efforts as part of the cooperation program Global Europe 2021-2027. Through the initiative, the EU is mobilizing funding and technical assistance from a variety of international financial organizations such as the European Investment Bank. The goal of the initiative is to further expand renewable energy infrastructure such as power grids and interconnectors.

However, Europe is not the only potential source of funding for Angola´s renewable energy sector. In 2021, solar energy company, Power Africa, in partnership with the African Development Bank (AfDB), reached an agreement with Angola to boost the pace of electrification throughout the country in order to meet rising demand. A number of sectors in the country including telecommunications, manufacturing and mining are eager for reliable access to electricity and to reduce the utilization of fuel-oil fired generators, and institutions such as Power Africa and the AfDB have a role to play.

Additionally, Angola is looking at solar to fulfill domestic demand and drive the transition and international renewable developers are already driving development. Notably, in 2021, American renewable energy developer, Sun Africa, invested €524 million in Angola for the purpose of building the largest solar photovoltaic project in the country. The project comprises seven solar parks with a total generation capacity of 370MW for three provinces, namely, Lunde Sul and Moxico both in the eastern parts of Angola and Lunde Norte in the north-east. With Portugal-based company, MCA, leading construction, the project will be instrumental in positioning Angola as a renewable economy. Accordingly, as the country moves to exploit more of its renewable resources, international companies and financial institutions, as well as global partners, will play a significant role.

In order to ensure that the significant amounts of generated power actually reach consumers and markets at affordable and reliable rates, there still needs to be significant investments in the transmitting networks nationally and even regionally. Therein lies opportunities for investors, as the government continues to prioritize infrastructure investment in a bid to drive capital expenditure and diversification of the economy which needs affordable and reliable power.

These and many other opportunities are expected to be in the spotlight at this year’s edition of Angola Oil and Gas (AOG), scheduled to be held on November 29 and 30 and December 1, 2022. AOG 2022 represents the official conference of the Ministry of Mineral Resources, Petroleum and Gas of Angola and will bring together stakeholders from Angola’s oil and gas industry, as well as global investors and service companies interested in opportunities in Angola.

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

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Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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