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Global Financiers, Consultants to Detail Angolan Investment Outlook at Angola Oil & Gas (AOG) 2024

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Angola

Representatives from the Africa Finance Corporation, Standard Bank, Trade Development Bank and more have joined the Angola Oil & Gas conference this October

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LUANDA, Angola, August 19, 2024/APO Group/ — 

Angola anticipates an investment pipeline of up to $60 billion over the next five years as companies advance oil and gas projects across the country. Energy majors such as TotalEnergies, ExxonMobil and Chevron are investing in upstream oil and gas while E&P firms such as Afentra, Etu Energias, ReconAfrica and more expand their portfolios both on and offshore. As the pace of projects accelerates, so does the demand for accessible finance and legal support.

Global financiers and legal firms will join the Angola Oil & Gas conference & exhibition on October 2-3 to discuss investment opportunities, competitive fiscal regimes, and high-return projects supporting the country’s growth.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Multilateral finance institution Africa Finance Corporation (AFC) provides project support through accessible financial solutions in Africa. In Angola, the company invested $60 million in Etu Energias – Angola’s largest private oil company – to support oil and gas production; is providing $100 million towards the construction of the 30,000 barrels per day Cabinda Oil Refinery; and invested approximately $165 million in Angola’s NOC Sonangol between 2021 and 2022. During AOG 2024, Taiwo Okwor, Vice President: Investments at the AFC will outline the impact these investments will have on Angola’s production.

Operating in eastern and southern Africa, development financial institution Trade and Development Bank (TBD) supports regional integration and development by providing trade and project finance. Recently, TBA secured a $100 million financing facility from British International Investment to support local businesses in Africa; signed an MoU with the International Islamic Trade Finance Corporation to enhance trade solutions; and secured a $150 million finance facility from the African Development Bank to boost intra-African trade. During AOG 2024, TDB Head: Coverage, Indian Ocean-Lusophone Orlando Chongo will discuss downstream expansion and regional growth.

In addition to multinational institutions, regional finance players play a central role in supporting project development in Angola. As Africa’s largest lender by assets, Standard Bank is looking at strengthening its support for capital-intensive projects. For Angola, this creates newfound opportunities for projects to advance across the oil and gas value chain. Standard Bank’s Head of Oil & Gas Coverage-Southern Africa Paul Eardley-Taylor is speaking on a panel titled Beyond Oil: Angola’s Rise as a Gas Powerhouse at AOG 2024.

Financial institution Rand Merchant Bank (RMB) has a strong track record of providing finance towards projects that support trade, energy and infrastructure. With an Angola Representative Office that offers on-the-ground market intelligence services, RMB supports trade, finance, infrastructure and sovereign lending in the country. Liz Williamson, Head of Energy Corporate Finance at RMB is speaking on a panel titled Perspectives on Investment: The Key to Doing Business in Angola at AOG 2024.

Meanwhile, corporate and commercial law firm MC Jurist – with over 20 years’ experience in the Angolan petroleum sector – offers a range of services covering corporate and commercial matters, employment, shopping, customs and tax. Specializing in legal and tax consultancy, the firm is committed to supporting projects in Angola’s oil and gas industry. Nuno Catanas, Founding Partner at MC Jurist, is leading a Master Class for petroleum and oilfield service providers at AOG 2024. Titled Master Class to Petroleum and Oilfield Service Providers, the session offers companies a comprehensive guide to preparing winning bids and efficient contracts.

During the 2023 edition of AOG, insurance company Protteja Seguros signed a deal with oil and gas company Petromar to develop a partnership and collaborate on social responsibility. Specializing in insurance consultancy, Protteja Seguros aims to enhance financial strength and transparency in Angolan oil and gas. Kianda Troso, CEO of Protteja Seguros is speaking on a panel titled A Seat at the Table: Access to Finance for Angolan Service Companies.

Consultancy firm EY also supports the growth and operations of companies in Angola through assurance, tax, law, strategy and transaction services. The company is one of the oldest professional service organizations active in the market in Angola and provides SME support by offering financial solutions tailored to Angolan companies. During AOG 2024, EY’s Partner and Energy Leader Andre Afonso; Managing Partner Carlos Basto; Financial Services Consulting Leader João Rueff Tavares; and Global Risk Leader Rui Bastos are speaking.

For more insight into the AOG 2024 speaker lineup, visit https://apo-opa.co/3yxr6sQ

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

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Hainan FTP marks 6-month milestone of special customs operations, signs deals during Hong Kong visit

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – As the Hainan Free Trade Port (FTP) marked the six-month milestone since the launch of its full special customs operations, a Hainan provincial delegation wrapped up a three-day visit to Hong Kong. During the visit, the delegation signed deepened cooperation agreements with several major local chambers of commerce and promoted the latest policies introduced since the island-wide special customs operations took effect.

According to data released by Hainan Province during the visit, Hainan’s foreign trade has surged since the launch of special customs operations. As of June 17, the province’s total goods imports and exports reached RMB 173.98 billion (approximately US$24 billion), up 54.6% year on year. Imports of zero-tariff goods hit RMB 2.645 billion, a 120% jump that generated tariff savings of RMB 440 million. A total of 172,100 new market entities were registered—a 61% increase—including 1,240 foreign-invested enterprises. Zero-tariff items now account for 74% of all tariff lines, benefiting more than 12,000 market entities.

During the Hong Kong visit, China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) signed separate deepened cooperation MOUs with the Chinese General Chamber of Commerce, Hong Kong and the Hong Kong General Chamber of Commerce. Under the MOUs, the parties will establish a regular liaison mechanism for the periodic exchange of economic and trade information, and will promote collaboration in areas including professional services, green finance, the digital economy, supply chain management, and cultural tourism. Mutual enterprise service desks will be set up to provide consulting services regarding policies and projects. The parties will leverage their complementary strengths to help Chinese mainland enterprises access overseas markets via Hong Kong, while facilitating Hong Kong companies’ entry into the Chinese mainland through Hainan.

The delegation also held talks with the British Chamber of Commerce in Hong Kong and the American Chamber of Commerce in Hong Kong, exploring ways for British and American businesses to leverage Hainan’s value-added processing tariff exemptions and multifunctional free trade accounts to position themselves in regional supply chains and cross-border investment and financing. HSBC, De Beers, and other British firms are already active in Hainan, and the UK served as the Guest of Honor country at the 2025 China International Consumer Products Expo.

According to industry analysts, amid the shifting international trade landscape, Hainan is leveraging Hong Kong’s “super-connector” role to accelerate its integration with global capital and business networks, while simultaneously offering the Hong Kong business community a policy testing ground for entering the Chinese mainland market.

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Africa’s Grid Constraints Come into Focus as Regional Markets Push Toward Integration

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Africa

Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.

In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.

Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.

Power Markets Experiment with Reform

Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.

Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.

Interconnected electricity markets are the foundation of Africa’s industrial future

Regional Integration Remains Fragmented

Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.

West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.

Building Bankable Financial Architectures

While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.

New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.

“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”

The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.

Distributed by APO Group on behalf of African Energy Chamber.

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African Development Bank Group and La Francophonie Sign Partnership Agreement to Promote Youth Employment in Francophone Africa

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The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France

PARIS, France, June 25, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) and The International Organization of La Francophonie (OIF) on Wednesday entered a strategic partnership to strengthen digital skills, employability, and entrepreneurship of young people and women in five African countries: Benin, Cameroon, Guinea, the Democratic Republic of the Congo and Madagascar.

 

The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France. The agreement will address a major challenge faced by countries in the Francophone world and across Africa: providing young people with access to opportunities offered by the digital economy and fostering the emergence of a new generation of entrepreneurs.

The partnership calls for the implementation of training programs in digital professions and entrepreneurship, in fields such as web and mobile development, cybersecurity, artificial intelligence, and data analysis. Participants will also receive guidance toward employment and self-employment, as well as support for innovation and business creation, notably through training camps, prototyping activities, and partnerships with incubators and accelerators.

The African Development Bank Group and OIF will also work with national authorities in these five countries and training institutions to sustainably strengthen local capacities and promote ownership of the programs by national stakeholders. An initial pilot phase, lasting 12 to 24 months, will be rolled out in the five partner countries, followed by a gradual expansion to other member states depending on the results achieved.

The African Development Bank Group is pursuing a bold agenda based on “Four Cardinal Points” developed by Dr Ould Tah, the third of which is ‘Turning Demographics into a Dividend.’ This is about strategically converting Africa’s rapidly growing and youthful population into a decisive engine of inclusive growth, productivity, and innovation through large-scale investment in human capital—particularly youth and women.

 

It sees Africa’s growing young population not as a risk, but as a major asset. With the right policies and investments, this potential can create jobs, help small businesses grow, bring more informal businesses into the formal economy, and equip young people with the skills needed for the future. By investing more in education, science and technology, vocational training, entrepreneurship, finance, and digital tools, Africa can help its people drive economic transformation, stay competitive, and build lasting, resilient growth.

The OIF said the agreement marked the first concrete step in its initiative to mobilize innovative and additional funding for its most impactful projects.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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