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Energy Investments are Propelling an African Natural Gas Revolution in Angola (By NJ Ayuk)

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natural gas

From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new initiatives

LUANDA, Angola, May 27, 2024/APO Group/ — 

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org).

Africa is witnessing a natural gas drive in Angola that is set to revolutionize the continents natural gas industry. From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new initiatives. This past year alone, international oil companies and the Angolan government partnered to award numerous regional operators with service contracts worth billions of dollars in combined value.

The African Energy Chamber has been particularly pleased to see Angola driving its natural gas industry forward.

In August 2022, solidified plans to develop the Quiluma and Maboqueiro gas fields in the Lower Congo Basin offshore Angola saw Italian multinational oilfield services company Saipem granted USD900 million between three engineering, procurement and construction contracts for both onshore and offshore work associated with the project at three separate sites.

Movement on these endeavors is due in part to the establishment of the New Gas Consortium (NGC) and its relationship with Angola’s National Agency for Oil, Gas & Biofuels. Investment in the NGC is multi-national, with Italian hydrocarbon giant ENI at the helm and France’s TotalEnergies, Britain’s bp, Angola’s Cabinda Gulf Oil Company and Sonangol signed on as shareholders. The NGC expects production at the Quiluma and Maboqueiro fields to begin in 2026 and to produce at an estimated rate of four billion cubic meters (bcm) of liquefied natural gas (LNG) per year.

The Right Approach

This success story, just one among many in Angola, wouldn’t be possible without the welcoming and investment-friendly environment that Angolan leadership has worked to cultivate in recent years.

Despite its status as sub-Saharan Africa’s second-largest oil producer, boasting an approximate output of 1.1 million barrels per day (bpd) of crude oil – a similar level to its output before it left the Organization of the Petroleum Exporting Countries (OPEC) -, it expects to increase production in the near future especially with ExxonMobil’s Block 15 deepwater discovery at the Kizomba B area. The working interest partners in the block – Azule Energy, Equinor and Sonangol – have not held back on investing in this project.

Angola rejects complacency and strives to grow those numbers by starting new wells while reevaluating its more mature facilities. Angola’s approach and its commitment to continued progress should serve as a template for every other African country to follow.

Angola sits atop 27 trillion cubic feet of natural gas — a largely untapped wealth of resources that represents a path toward vast employment opportunities, a route away from energy poverty, and a bridge to an eventual energy transition. One of the key elements ensuring that this economic development evolves in both Angola’s and Africa’s favor is a competent administration to help guide it.

Political Will and Leadership is Key.

Since taking office in 2017, President João Lourenço has maintained a positive bearing on strengthening and enhancing Angola’s oil and gas sector and focusing on enriching its population.

Employing a rational, long-term mindset in the effort to expand Angola’s LNG exports and further develop its gas industry, President Lourenço has been managing a multi-faceted master plan that he hopes will set Angola in an exponentially more prosperous position over a 30-year timeframe.

Lourenço’s actions in this regard have been proactive and comprehensive and performed in support of a healthy national oil and gas industry. By working to improve Angola’s business environment and rooting out internal corruption, Lourenço has made the nation much more attractive and favorable to foreign investment. The reappointment of Diamantino Pedro Azevedo as Minister of Mineral Resources, Petroleum and Gas — a key player in Angola’s regulatory overhaul and an outspoken advocate for the Africa­n energy industry — demonstrates Lourenço’s commitment to preserving a cabinet that produces meaningful results.

We encourage all the nations of Africa to join Angola on the trail they are currently blazing

President Lourenço’s outlook includes much more than the successful export of Angola’s hydrocarbon resources. His plan includes provisions for expanding the country’s refining and storage facilities as well as preparations for the transition to a low-carbon economy through the implementation of photovoltaic power plants, the production of green hydrogen, and a pledge to increase Angola’s own use of energy from clean sources like hydroelectric.

Lourenço has confidence that his country will be able to achieve these goals in part by fostering productive international relationships, a practice that he contends will also secure future business partnerships.  

A Ready-Made Market

President Lourenço’s 2023 Whitehouse meeting with U.S. President Joe Biden saw a declaration of Angola as a strategic partner and the announcement of billions of U.S. investment in a system that will supply four provinces in southern Angola with photovoltaic power.

The wide-ranging difficulties extending from the ongoing war in Ukraine have put Europe in a precarious situation concerning its natural gas provisions, the bulk of which came from Russia until the start of the conflict. President Lourenço has confidence that Angola can offer Europe an alternative source of LNG through European investment in the country and cooperative relations between the two regions.

Angola may get to a more sizeable position in the global LNG market, and sooner than expected, even without Europe’s immediate support. Lourenço foresees an economic boom on the horizon that will put Angola’s LNG production and export on the fast track in the coming years.

System-Wide Improvements

In addition to the developments at the Quiluma and Maboqueiro fields, other Angolan natural gas projects are well underway.

The Angola LNG Project, a joint venture led by Chevron and Sonangol north of Luanda in the province of Soyo, processes and monetizes 1.1 billion cubic feet of natural gas per day while reducing gas flaring and greenhouse gas emissions.

Sonangol has also been hard at work in Cabinda, modernizing, automating and subsequently tripling their plant’s gas filling capabilities from 3,000 12-kilogram gas cylinders per day to 9,000 cylinders per day, which should increase regional gas availability by 28%.

By next year, Angola expects the 750 MW Soyo II combined-cycle power plant to be operational, which will contribute to a nationwide effort to expand the population’s electricity access by nearly 20% via gas-to-power generation.

Angola’s Falcão Natural Gas Project promises to diversify the country’s stake in the natural gas industry by providing a means of producing fertilizer, reducing reliance on importation while cutting overall agricultural costs.

These developments — paired with Minister Diamantino Azevedo’s assurances at the 2022 International Conference on Angola Oil and Gas that Angola will soon have floating liquid natural gas platforms off its shores — paint a positive picture for Angola’s energy future.

The African Energy Chamber celebrates Angola’s progress in the LNG sector. Natural gas offers a clean and practical energy source with the power to eradicate energy poverty and boost local economies across the continent while also providing a pathway toward a just energy transition. We encourage all the nations of Africa to join Angola on the trail they are currently blazing.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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