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Angola’s Ministry of Mineral Resources, Oil and Gas (MIREMPET), Freiberg University of Mines and Technology Start Scholarship Program

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MIREMPET

The program is expected to contribute to providing the qualified graduates needed to lead Angola’s mining sector into the future

Também disponível em Português

LUANDA, Angola, February 6, 2024/APO Group/ — 

With the signing of a Memorandum of Understanding in October 2022 between HE Diamantino Pedro Azevedo, Minister of Mineral Resources, Oil and Gas of the Republic of Angola and Prof. Dr. Klaus-Dieter Barbknecht, Rector of the Freiberg University of Mines and Technology, negotiations began for the implementation of a scholarship program for Angolan students at the University.

After a working visit by a delegation from the Ministry of Mineral Resources, Oil and Gas (MIREMPET) to the University last week, negotiations are now taking place at cruising speed. The visiting delegation was led by Eng. Domingos Francisco, MIREMPET National Director for Training and Local Content, and included the participation of SONANGOL EP, represented by Prof. Dr. Orlando da Mata, President of the Board of Directors of the SONANGOL EP Research and Development Center.

Freiberg University of Mining and Technology is one of the best universities in the world, specializing in mining, geosciences and related specialties. It was ranked 5th in Europe in the 2022 QS World University Ranking by discipline (“Mining and Mineral Engineering” category).

In addition to its formidable academic and research offerings, the University is located in a highly industrialized part of the German state of Saxony, which allows it to develop strong collaborations with many high-tech companies, such as Infineon Technologies. This proximity allows students to get involved in real-life projects from an early age. It is expected that this will lead to a significant transfer of technology to the Angolan mining sector through students who will be able to benefit from the scholarship program starting from September 2024.

Initially, the Ministry is committed to awarding full scholarships to up to 15 Master’s students in various disciplines, including Advanced Mineral Resource Development, geosciences, mechanical and process engineering, metallic materials technology, and sustainable mining. Students will be pre-selected by the Ministry following a transparent and rigorous process, overseen by an independent committee. However, students will have to meet the University’s admission criteria before they can fully qualify for the scholarship.

Angola’s mining sector is expected to grow significantly in the coming years, as global demand for multiple minerals and rare earths is expected to grow in line with the growing demand for battery minerals and other strategic minerals. Currently, the exploration and production of diamonds represents around 90% of total mining revenue in Angola. However, this is expected to change. As the world continues to strive towards energy transition, battery minerals such as lithium, nickel, cobalt, graphite, manganese, aluminium, tin and tantalum, among others, are expected to grow exponentially.

Mining company Rio Tinto signed an agreement last month in Luanda with the Angolan Government to acquire a concession to mine basic metals, including copper, cobalt, zinc, titanium and aluminium in the Angolan province of Moxico. This follows a similar agreement signed between the government of Angola and mining major Ivanhoe to prospect and develop copper in the provinces of Moxico and Cuando Cubango. In 2022, South Africa’s De Beers Group signed a Mineral Investment Agreement with the government of Angola to re-enter the country and prospect for diamonds.

The aforementioned agreements attest to the significant interest in Angola’s mining sector following recent industry reforms introduced by the government, under the leadership of His Excellency João Manuel Gonçalves Lourenço, President of the Republic of Angola.

To meet the growing demand for qualified personnel in a changing mining environment, and in line with the government’s policy of focusing on the development and education of Angolan youth, MIREMPET has intensified its scholarship programs in recent years, together with partners, to send hundreds of deserving young Angolans annually to prestigious universities for further studies. The Freiberg University of Mining and Technology scholarship program is expected to contribute to providing the qualified graduates needed to lead Angola’s mining sector into the future.

The scholarship program is also proof of the strong relationship between the Federal Republic of Germany and the Republic of Angola since the visit to Luanda by then-German Chancellor, Dr. Angela Merkel in 2020. The scholarship agreement is also expected to further strengthen German-Angolan relations and attract German companies to invest in Angola’s mining sector.

The upcoming Angola Oil & Gas (AOG) conference (https://apo-opa.co/4945xwG) — taking place this October and organized by Energy Capital & Power — will focus on local content and workforce development within Angola’s energy and mining industries. AOG 2024 serves as the premier platform uniting Angola’s energy stakeholders, policymakers and partners to maximize trade and investment opportunities.

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

Events

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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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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