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Angola’s National Agency of Oil, Gas and Biofuels (ANPG) to Award Nine Additional Concessions by Year-End

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2 years ago

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ANPG

Angola’s National Agency of Oil, Gas and Biofuels presented 28 licensing opportunities to potential investors during African Energy Week: Invest in African Energies

CAPE TOWN, South Africa, November 7, 2024/APO Group/ — 

Angola’s National Agency of Oil, Gas and Biofuels (ANPG) plans to award nine more concessions by the end of the year, bringing the total to 41 since 2019, as part of its target to award 50 concessions by 2025.

The announcement was made during a session on Angola’s 2025 Licensing Round at African Energy Week: Invest in African Energies on Wednesday.  According to ANPG, there are currently 28 licensing opportunities available – including six onshore blocks, ten blocks on permanent offer, eight offshore blocks under the 2025 bidding round, and four block opportunities with discoveries.

We are agile to give you concessions, flexible to give you the right terms and pragmatic in creating the right environment for investors

In addition to its ambitious concession award strategy, Angola has implemented several measures to drive upstream investment. These include enabling exploration activities beyond designated development areas, introducing new terms for marginal fields, facilitating the monetization of gas discoveries, renegotiating contract terms for mature blocks and offering new incentives to boost incremental production.

As a result, production has stabilized at around 1.1 million barrels per day, with six oil and gas majors expanding their portfolios to include five or more blocks in recent years. Building on its gas monetization reforms, ANPG also announced that it will soon sign its first non-associated gas contract with Azule Energy.

“In Angola, investors are our number one priority. We guarantee contractual stability so you can preserve the value you have,” said Hélder Iombo, Director of Negotiations at ANPG. “We are agile to give you concessions, flexible to give you the right terms and pragmatic in creating the right environment for investors.”

National oil company Sonangol also weighed in on efforts to reverse Angola’s declining production and attract new investments across various operations – from refining capacity to decarbonization initiatives to exploration of strategic minerals. Sonangol highlighted its commitment to enhancing local production capacity for energy transition technologies, including panels, batteries and clean energy infrastructure.

“We are ensuring investments in crude oil and natural gas in a sustainable way, while constructing new refineries, exploring new forms of energy production and commiting to decarbonization through all our operations,” said Kátia Epalanga, Executive Board Member of Sonangol.

Distributed by APO Group on behalf of African Energy Chamber.

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CGTN: Navigating the South China Sea Before GPS

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16 hours ago

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July 9, 2026

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South China Sea

BEIJING, CHINA – Media OutReach Newswire – 9 July 2026 – Ten years after the South China Sea arbitration, CGTN has published an article exploring the story of the Genglubu – a handwritten navigation manual that guided generations of Hainan fishermen long before GPS, shedding light on a chapter of South China Sea history unfamiliar to many outside the region.

How did generations of Chinese sailors find their way across the South China Sea, one of the world’s busiest and most challenging waterways?

A new CGTN documentary, Genglubu: Charting the South China Sea, explores the answer through a little-known ancient navigation manual passed down for generations of fishermen in Tanmen, Hainan Province. The Genglubu recorded routes, compass bearings and sailing distances, helping fishermen navigate reefs, islands and open seas. The documentary follows the fishermen who crossed the sea, the families who preserved their knowledge and a maritime tradition that connected China with Southeast Asia and beyond.

The People Who Brought the Genglubu to Life

To outsiders, the Genglubu looks like a secret code. A single line of just fourteen Chinese characters can contain an entire sea route: the departure point, direction, destination, distance and estimated sailing time.

“Generation after generation, Hainan fishermen rode the waves – not to rule the sea, but to make their living from it.”

Xin Lixue, Curator, China (Hainan) Museum of the South China Sea

The documentary follows veteran fishing boat captains whose lives were inseparable from the sea. Wang Shitao first went to sea at the age of nine. At twelve, his fishing boat was caught in a typhoon. Everyone else on board died. Clinging to a piece of floating timber, he drifted alone for three days. Four years later, another violent storm struck. Once again, he was the only survivor. Yet each time, he returned to the sea. Late in life, reflecting on decades spent sailing the South China Sea, he summed up his feelings:

“I love the South China Sea. I hate it. I miss it.”

Wang Shitao, fishing boat captain

The sea demanded sacrifice even as it provided a livelihood. A storm or mishap could wipe out an entire crew.

“Children and brothers should never sail on the same boat.”

Wang Shubao, fishing boat captain

A Maritime Tradition Connecting Asia

The documentary challenges the common assumption that the Genglubu was only about the South China Sea. Research on the Liang Family Genglubu reveals routes extending to Singapore, Malacca and Indonesia, showing that Hainan fishermen also played a role in regional maritime trade.

“Hainan fishermen also took part in overseas trade.”

Zhao Jueqi, China (Hainan) Museum of the South China Sea

Not every route was written in words. Some Genglubu manuscripts contain mountain-and-water charts. They combine sketches of coastlines with compass bearings, water depth and sea conditions. These drawings helped sailors identify islands, reefs and coastlines and determine their position at sea.

“The Americans and the British produced their own navigational records, which identify the Chinese as being engaged very heavily in fishing on these islands and other forms of economic activity.”

Anthony Carty, International Law Sholar

Today, satellites, weather stations and lighthouses have transformed navigation across the South China Sea. But the purpose remains the same: helping sailors travel safely and return home. Genglubu: Charting the South China Sea traces a maritime tradition shaped by generations of ordinary people. It is a story of navigation, memory and resilience, one that forms part of the shared maritime heritage of Asia.

 

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Renew Capital Narrows 500+ African Companies to 15 Embedded Finance Investment Candidates

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17 hours ago

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July 9, 2026

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SMEs

From 48 countries, selected companies are using existing customer relationships, data and distribution to expand financial access for African SMEs

The next generation of Africa’s small business banks won’t be banks

KIGALI, Rwanda, July 9, 2026/APO Group/ –Renew Capital (http://RenewCapital.com/) has selected 15 companies from more than 500 applicants across 48 African countries to advance through its inaugural Renew Venture Lab: EmFi Series.

 

The size and breadth of the applicant pool point to a larger shift underway across Africa: some of the continent’s most promising embedded finance opportunities may come not from traditional fintechs, but from tech companies already serving small and medium-sized enterprises (SMEs).

Africa’s SMEs are the main creators of jobs, yet they face an estimated $330B annual credit gap. However, Africa is rapidly becoming a global center for technology innovation and currently boasts the world’s largest mobile money market. Meanwhile, SMEs are becoming more tech-enabled as smartphone adoption across sub-Saharan Africa is projected to rise from 54% in 2024 to 81% by 2030 and data costs plummet.

These trends open new opportunities to embed financial products in mobile applications to reach the world’s most capital-constrained private sectors, unlocking growth and job creation. As Africa’s startup ecosystems grow, technology companies powering digital payments, organizing smart distribution, optimizing logistics, improving healthcare, and digitizing agriculture value chains have the potential to reach millions of SMEs that banks are not serving and use their customer data to underwrite financial products.

All 500+ applicants were invited to exclusive expert sessions with founders from some of Africa’s fastest-growing companies and gained advice from some of the world’s leading embedded finance and Web3 companies. Forty-seven companies were selected for a pitch competition and given a startup package valued at more than $250,000. From this group, 15 were selected to advance to deeper technical training and investment consideration. The 15 companies represented Ethiopia, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Togo, Uganda and Zambia.

Matthew Davis, Co-CEO of Renew Capital, said: “The next generation of Africa’s small business banks won’t be banks. They’ll be startups that already understand how SMEs operate, have their data and have earned their trust. These 15 companies are building from that advantage. That’s why we’re paying attention.”

THE TOP 15 COMPANIES

Company Country Founder Website
AgroCenta Ghana Francis Obirikorang (https://apo-opa.co/4vTsP3Q) https://apo-opa.co/4vW91No
Boost Technology Ghana Mike Quinn (https://apo-opa.co/4vWkAEm) https://apo-opa.co/4vWkE74
Dots for Africa Senegal Carlos Oba (https://apo-opa.co/4peki9h) http://DotsFor.com
Fanaka Zambia Hillary Sang (https://apo-opa.co/4h7E1oS) https://apo-opa.co/4h3rkvj
Kutana Ghana Samuel Opoku (https://apo-opa.co/4vW923U) https://apo-opa.co/4fnYapA
MajibuAfrica Uganda Janis Zicans (https://apo-opa.co/4f3YGrg) https://apo-opa.co/4aGskSe
Marakisoft Ethiopia Alemayehu Seifu (https://apo-opa.co/4eSIN8o) https://apo-opa.co/3R1TAUI
Oze Ghana Meghan McCormick (https://apo-opa.co/4paWgf9) https://apo-opa.co/4vXKbN6
Regxta Nigeria Rukayat Bello (https://apo-opa.co/4vSdMaz) https://apo-opa.co/4h28bdg
Rigo Nigeria Olukayode Odeyinde (https://apo-opa.co/4aJjcfF) https://apo-opa.co/4w2UbEP
Shiprazor South Africa Lesego Tladinyane (https://apo-opa.co/3SU3hVK) https://apo-opa.co/4aGsl8K
Solimi Togo Gael Egbidi (https://apo-opa.co/3SSjZor) https://apo-opa.co/4vWkFIa
Tradevu Nigeria Nkiru Amadi-Emina (https://apo-opa.co/4aGsadA) https://apo-opa.co/4eS7dPl
Z Systems Morocco Samer Choumar (https://apo-opa.co/4bd4PQU) https://apo-opa.co/4vUQUYf
Zendawa Kenya Wilfred Njuguna (https://apo-opa.co/4pavJyx) https://apo-opa.co/4eREuKE

Distributed by APO Group on behalf of Renew Capital.

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Energy

Makor Resources CEO to Speak at African Mining Week (AMW) 2026 Amid $30M Copper Strategy and Artisanal and Small-Scale Miners Formalization Drive

Published

17 hours ago

on

July 9, 2026

By

Etu Energias

Brooke Bibeault’s participation at African Mining Week will highlight Makor Resources’ Zambia strategy, its approach to ASM formalization and the role of copper projects in supporting long-term critical minerals growth

CAPE TOWN, South Africa, July 9, 2026/APO Group/ –Brooke Bibeault, CEO of copper-focused exploration and development company Makor Resources, has been confirmed as a speaker at African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town. The event brings together global mining investors, developers and policymakers to discuss opportunities shaping Africa’s next generation of critical minerals projects.

 

Bibeault will participate in a panel discussion on Accelerating the Formalization of Artisanal Miners, where industry stakeholders will explore pathways to integrate artisanal and small-scale miners (ASM) into formal mining value chains while improving productivity, environmental standards and community development outcomes.

The discussion aligns with Makor Resources’ approach in Zambia, where the company is supporting ASMntegration through its MineHive program. The initiative provides funding and technical support to ASM operators, strengthening local participation in the copper sector while creating structured pathways into formal supply chains.

Alongside its ASM-focused initiatives, Makor Resources is advancing a district-scale copper exploration strategy across Zambia, supporting the country’s long-term ambition to significantly increase annual copper output. The company is progressing the Muli Copper Project in Central Zambia, while also advancing exploration at the Kangili Copper Project in the Mkushi District.

In early 2026, Makor Resources announced plans to invest up to $3 million by the end of the year to enhance geological understanding across its asset portfolio. The program includes integrated geophysical surveys, remote sensing and systematic sampling campaigns designed to support target definition and resource delineation. These activities form part of a broader investment framework estimated at between $20 million and $30 million over the medium term.

With global copper demand projected to rise significantly in the coming decades, attention is increasingly turning to new supply sources. At AMW 2026, Bibeault is expected to outline how Makor Resources’ Zambia portfolio is positioned to contribute to both national economic development and the broader global energy transition through expanded copper supply.

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

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