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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.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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