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Enabling Angola to Achieve its Local Content Ambitions at Angola Oil & Gas (AOG) 2022

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3 years ago

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Angola Oil & Gas

Angola Oil & Gas 2022 explores the impact of Angola’s local content policies to date and how to facilitate further capacity building and skills development in the national oil and gas industry

LUANDA, Angola, November 30, 2022/APO Group/ — 

Local content stakeholders united for a high-level panel at the Angola Oil & Gas (AOG) 2022 Conference & Exhibition (http://bit.ly/3UyBCpP) in Luanda on Tuesday to discuss how Angola can meet its local content ambitions and maximize partnerships with regional and international firms to enhance oil and gas development and exploitation, while creating opportunities for local players.

Under the theme, “The Evolution of Angola’s Oil and Gas Sector: Strategies for the Angolanization of the Local Energy Industry, and the Implications for all Participants in the Sector,” the panel was moderated by Norman Nadorff, Special Counsel, Mayer Brown and featured Marco Toninelli, Director of Asset Based Services, Saipem; Francisco Monteiro, CEO, Brimont; Zenaida Martins, Local Content Manager, ChampionX; João Filipe, Chairman & CEO, Cabship; Bráulio de Brito, President, AECIPA – Association of Oil & Gas Service Companies; and Nuno de Miranda Catanas, Founding Partner, MC Jurist as panelists.

The panel began with a presentation on Angola’s local content law and changes by André Ngoma, MIREMPET and Maura Nunes, Coordinator of the Local Content Center at the ANPG. Angola recently approved a new Legal Framework for the Promotion of Local Content that aims to retain more value in-country by encouraging the acquisition of national goods and services and requiring all contracts to contain a local content clause and training programs.

Ngoma kickstarted the presentation stating that, “We needed something to help us grow. The ministry was responsible for the policy, ANPG implements the legal provisions. The ministry is responsible for the human development plan and that is how this process was established.”

Nunes added that, “The system plays a vital role and is ambitious because we want to ensure the integration of the system as a whole to help us make more assertive decisions.”

Local content promotes the acquisition of local goods and services; the hiring and employment of local people and the transfer of know-how and technology

Under the progressive reorganization of the national oil and gas sector and recent legislative amendments, the Angolan Government has targeted the expansion of local content across each segment of the energy value chain, known as “Angolanization,” with the percentage of Angolans in the oil and gas workforce now in the range of 85-90%.

“When you have been in a country for over 40 years, you don’t talk about local content, you talk about being a local company. More than 80% from across the entire level of the organization is now Angolan, especially in engineering. In addition to that we have a strong training program to engage and train people both in Angola and across our engineering centers across the globe,” stated Toninelli.

Monteiro added that, “Angolanization ensures that we are not stuck regarding hiring and complying with local content according to international standards. It has been important because the perspective of local content is now broader. We still have specific concentration on the people because manpower is what makes the company work and we still have a long way to go. ANPG has played a positive role regarding the development of local content.”

The promotion of local content also carries the potential to yield positive results in support of Angola’s quest for diversification and industrialization, serving as a catalyst for growth in other economic sectors directly and indirectly linked to the oil and gas industry, including construction, transportation, technology, agriculture, logistics, shipping and maritime services.

“Local content promotes the acquisition of local goods and services; the hiring and employment of local people and the transfer of know-how and technology. The acquisition of local goods and services forms part of economic diversification and creates value to industries. Local content creates significant opportunities for employment and up-skilling, which is now reinforced by law. As the new law brings stricter regulations, if well implemented, it can be a means for the country to achieve growth,” stated Martins.

Meanwhile, the discussion moved to the role foreign companies play in Angola as stricter local content regulations are put in place. On this note, Catanas stated that, “Local content has two main areas: training of local personnel and the involvement of Angolan companies in the supply chain. My main point is to deconstruct a misconception. Local content is about inclusion both ways. It is not about the exclusion of foreign service providers. There is room for foreign providers in an area of local content.”

Contributing to this point, de Brito stated that, “need to promote services and products by Angolan companies. This does not mean the exclusion of foreign companies but involves integration. It is important to emphasize that we need to empower the local services, so we need to make sure that those services that can be done by local companies should be done in an efficient manner. We need the support of foreign companies but at the same time, guarantee our growth and the growth of the national companies.”

The role foreign companies play was further defined by Filipe, who added that, “It is of our opinion that the operators should play an active role in mentorship. There should be mentorship programs so that more companies can provide services to the country. We need to make sure that quality is not compromised so I believe that operators should spend more time and money in capacity building.”

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

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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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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2 days ago

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February 6, 2026

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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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2 days ago

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February 6, 2026

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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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