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Invest Africa, Embassy of the Kingdom of Morocco in the United Kingdom, and AMDIE Announce Strategic Partnership for Investor Mission to Morocco

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Invest Africa

This initiative aims to facilitate the identification of viable investment opportunities while fostering enduring partnerships that will contribute to Morocco’s economic growth

LONDON, United Kingdom, October 3, 2024/APO Group/ — 

Invest Africa (www.InvestAfrica.com), the leading pan-African business platform, is pleased to announce a strategic partnership with the Embassy of the Kingdom of Morocco in the UK and the Moroccan Agency for Investment and Export Development (AMDIE) to host an exclusive Investor Mission to Morocco from 2–5 December 2024. This high-profile delegation, comprising 30 senior executives and investors from leading British and international companies, will explore Morocco’s dynamic investment landscape, with a focus on energy, infrastructure, and financial services. The mission builds on the momentum created earlier this year by Invest Africa’s collaboration with the Moroccan Embassy during the Morocco Investment Forum in London.

Strategically positioned at the crossroads of Africa, Europe, and the Middle East, Morocco offers a wealth of opportunities for international investors. Under the leadership of His Majesty King Mohammed VI, the country has introduced a new investment charter designed to streamline business operations and provide enhanced support for foreign enterprises. Morocco’s progressive policies in renewable energy and infrastructure further strengthen its position as a key gateway to the broader African market.

The upcoming Investor Mission comes at a pivotal moment, as Morocco prepares to co-host the 2030 FIFA World Cup, providing timely, hands-on access to the country’s thriving sectors. The delegation will have direct access to key stakeholders, including government ministers and business leaders, through exclusive meetings, site visits, and participation in the African Development Bank’s Africa Investment Forum, set to highlight the significant investment prospects across the country.

Chantelé Carrington, CEO of Invest Africa, commented on the upcoming mission: “In a world where strategic positioning is everything, Morocco stands out with its blend of stability, innovation, and growth potential. This Mission is about unlocking the untapped – and under tapped – potential that Morocco offers to global investors. By collaborating with the Moroccan Embassy in the UK, we are creating a platform where business meets opportunity, paving the way for impactful and sustainable investments in this critical African market.”

In a world where strategic positioning is everything, Morocco stands out with its blend of stability, innovation, and growth potential

His Excellency Hakim Hajoui, Ambassador of the Kingdom of Morocco to the UK, emphasised the significance of the initiative: “Under the visionary leadership of His Majesty King Mohammed VI, Morocco’s role as a center for trade and innovation has been significantly bolstered. Following the success of our Embassy’s collaborative events with Invest Africa, this mission provides investors with a unique platform to witness firsthand the concrete opportunities that have been presented to them. These are not merely potential prospects, but real opportunities that require on-the-ground action. We anticipate that this mission will result in concrete, impactful achievements that will further drive Morocco’s economic progress and support sustainable development across the African continent.”

Throughout the five-day programme, delegates will engage in high-level meetings, site visits, and networking events, offering direct access to both public and private sector leaders in Morocco. This initiative aims to facilitate the identification of viable investment opportunities while fostering enduring partnerships that will contribute to Morocco’s economic growth and support sustainable development across the African continent.

Invest Africa has a proven track record of organising successful trade and investment missions across Africa, with recent visits to Zambia, Tanzania, Ethiopia, and Angola. This Mission is set to build on this legacy, offering delegates a unique gateway into one of Africa’s most promising markets.

For more information on Invest Africa Investor Mission to Morocco: https://apo-opa.co/4essRal

Distributed by APO Group on behalf of Invest Africa.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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October 4, 2024

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Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

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

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Chevron to Increase Gas Supplies to Angola LNG

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October 4, 2024

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Chevron announced plans to supply 600 million cubic feet of gas per day to the Angola LNG facility by year-end at the Angola Oil & Gas conference on Wednesday

LUANDA, Angola, October 3, 2024/APO Group/ — 

Energy supermajor Chevron will supply 600 million standard cubic feet of gas per day to the Angola LNG (ALNG) facility by the end of the year. This comes as the Sanha-Lean Gas Connection (SLGC) Project – developed by Chevron’s local subsidiary and set to deliver lean gas to the ALNG onshore plant – prepares for first production by Q4 2024. 

When you talk about energy security, [gas] is one of the key enablers

The announcement was made by Chevron’s Managing Director of the Southern Africa Strategic Business Unit Billy Lacobie during an “In Conversation with” session at the Angola Oil & Gas conference in Luanda on Wednesday.  

“It’s very exciting as you go forward and look at the immense opportunities when you go into gas,” said Lacobie. “When you talk about energy security, [gas] is one of the key enablers.”  

According to Lacobie, Chevron’s gas production increase will be driven by the installation and tie-in of the SLGC Project to the existing Sanha Condensate Complex, which features pipelines connecting Chevron-operated Blocks 0 and 14 to ALNG. 

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

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Sonangol, Conjuncta, CWP, Gauff Sign Green Hydrogen Deal at Angola Oil & Gas (AOG) 2024

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October 4, 2024

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The preliminary agreement covers the development of the Barra do Dande Green Hydrogen Project

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol signed an agreement with energy companies Conjuncta, CWP and Gauff for the development of the Barra do Dande green hydrogen project in Angola. Signed during the Angola Oil & Gas conference on Wednesday, the deal covers the design, licensing, financing, engineering and construction of the facility.  

Situated in the municipality of Barra do Dande, the green hydrogen project will produce up to 1,200 tons of ammonia for export to the European market. The facility will feature the installation of 600 MW of renewable energy capacity – generated from hydropower sources – as well as a 400kv substation and adequate water treatment.  

The deal was signed by Orlando da Mata, President of the Board of Directors of the Sonangol Research and Development Center; Vladimir Machado, President of the Executive Committee of the Sonangol Research and Development Center; Michael Scholey, CEO of CWP; Stefan Tavares Bollow, CEO of Gauff; and Julian Reichert on behalf of Conjuncta CEO Stefan Liebing.  

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

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