In his new role, Moreira will focus on the initiative in the Bank’s Ten-Year Strategy to revalue Africa’s green wealth, working closely with the Economic Governance and Knowledge Management Vice Presidency, and other stakeholders

ABIDJAN, Ivory Coast, October 7, 2024/APO Group/ — 

The African Development Bank Group (www.AfDB.org) has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet Office, effective 1 July 2024.

Dr. Pinto Moreira, a Beninise economist, brings to the role over three decades of experience in macro-fiscal, growth, poverty, economic governance, trade, and competitiveness-related work. His career spans middle-income and low-income countries in the Middle East and North Africa, East Asia, Latin America, the Caribbean, and Sub-Saharan Africa.

In his new role, Moreira will focus on the initiative in the Bank’s Ten-Year Strategy to revalue Africa’s green wealth, working closely with the Economic Governance and Knowledge Management Vice Presidency, and other stakeholders.

He has previously held various senior positions at the Bank, including Lead Advisor in the Economic Governance and Knowledge Management Vice Presidency, and Director of the Country Economics Department.

I will work closely with all relevant colleagues and leverage the whole ecosystem of the Bank to deliver the green wealth agenda to the benefit of our continent

Before joining the African Development Bank, Moreira worked at the World Bank and the International Monetary Fund (IMF) for about 20 years. He was the World Bank’s Regional Lead Economist for the Middle East and North Africa (MENA) region, leading policy dialogue with Maghreb countries on designing vision documents and providing policy advice on critical economic issues facing these countries. He also led the preparation of the Macro-Poverty Outlook for 18 countries and managed the knowledge agenda in the MENA region. He also served as the World Bank’s Acting Country Director for the Democratic Republic of Congo and the Republic of Congo.

At the IMF, Moreira served as a Senior Economist and Senior Advisor to the Executive Director for 24 Francophone African countries. Earlier in his career, he taught undergraduate courses in macroeconomics, statistics, econometrics and microeconomics at the University of Lorraine (France), where he earned his PhD and MSc in Macroeconomics.

Commenting on his appointment, Moreira said: “I am truly honored and excited about this new position. I will work closely with all relevant colleagues and leverage the whole ecosystem of the Bank to deliver the green wealth agenda to the benefit of our continent.”

African Development Bank President Dr. Akinwumi Adesina praised Moreira’s accomplishments: “The Bank Group will benefit immensely from his policy, research and analytical skills, coupled with his immense knowledge of socioeconomic issues facing the African continent and beyond.”

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

The fifth edition of the Angola Oil & Gas conference took place in Luanda from October 2-3 under the theme Driving Exploration and Development Towards Increased Production

LUANDA, Angola, October 4, 2024/APO Group/ — 

Angola’s Secretary of State for Mineral Resources, Petroleum and Gas José Barroso officially closed the fifth edition of the Angola Oil & Gas (AOG) conference with calls to Drive Exploration and Development Towards Increase Production.  

We had the opportunity to present the market conditions created by the government that make it more transparent and competitive, allowing for private investment

Taking place over two days in Luanda from October 2-3, AOG 2024 featured several industry-advancing deals; new partnership formed; and a strong slate of high-level discussions centered around strengthening the oil and gas industry in Angola. AOG 2024 featured the participation of energy and hydrocarbon ministers from Angola, Namibia, Ivory Coast, the Democratic Republic of the Congo and Republic of Congo, alongside major operators and service providers, all of which committed to increasing exploration and regional collaboration.  

“We had the presence of ministers from sister countries in Africa and senior representatives of companies and different institutions coming, demonstrating the caliber this conference has. We had the opportunity to present the market conditions created by the government that make it more transparent and competitive, allowing for private investment. Our institutions had the opportunity to present what we have as business opportunities,” stated Barroso.  

The event also featured a pre-conference technical program on October 1, a multi-track program agenda and an innovative exhibition, all of which showcased the latest projects and future opportunities in Angola’s hydrocarbon industry.  

“I would like to thank the President of Angola João Lourenço for all the support we had. I would also like to thank Energy Capital & Power for the beautiful work they did in organizing this event. We were all amazed by the opening of this event yesterday. We would also like to thank the support staff that made it possible to have this beautiful event today. We would also like to thank the exhibitors that were able to show us that our industry can count on them. Lastly, I would like to thank all invited guests for the time and dedication towards this event,” Barroso concluded.  

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

Angola’s Minister of Mineral Resources, Oil and Gas Diamantino Azevedo discussed the potential for the country’s oil and gas resources to drive diversification and socioeconomic development in the country

LUANDA, Angola, October 4, 2024/APO Group/ — 

As one of Africa’s leading oil producers, boasting an impressive output of over 1.1 million barrels of oil per day, Angola has garnered a reputation as an easily accessible and attractive investment destination. The country has continued to attract investment for new exploration from global major players such as TotalEnergies, ExxonMobil, Chevron and Azule Energy.

As such, Angola’s Minister of Mineral Resources, Oil and Gas Diamantino Azevedo discussed the country’s achievements and aspiration during a fireside chat at the Angola Oil & Gas 2024 conference. Sponsored by Angolan service company Angola Environmental Serviços, the fireside chat presented an opportunity for the minister to discuss the value of Angola’s resources, how the country aims to stabilize production and boost local capacity building.

“When we explore natural resources, we aim to use them to transform society and contribute towards improving life in Angola,” Minister Azevedo stated, adding, “That’s why it’s important to speak not only in terms of how many million barrels we produce, but to speak on the impact on the living conditions of the population.”

Attention in Angola’s oil and gas sector is not only on current developments but future projects. With an energy sector ripe for investment, the country continues to streamline its investment process, making it straightforward for potential investors. These opportunities transcend traditional oil and gas, with the country’s renewable market enticing players as well.

It’s important to speak not only in terms of how many million barrels we produce, but to speak on the impact on the living conditions of the population

“We have drafted a new strategy for working towards seeking natural resources. The geological surveying is a continuous process. As long as there is a possibility of us discovering natural resources, we have to continue working,” the Minister added.

Meanwhile, in the local content space, demand for drilling and oilfield services, detailed engineering, procurement, technical construction and pre-fabrication and assembly is poised to boost the participation of local companies in the country’s oil and gas sector. To support efforts to maintain production above one million barrels beyond 2027, Angola has been promoting investment in the upstream sector, which is projected to grow by 15% between 2022 and 2027.

As such, the fireside chat directly addressed the methods of navigating Angola’s regulatory landscape, how companies can leverage innovative financing mechanisms and strategies for enhancing competitiveness in Angolan oil and gas.

“We have introduced new methodologies like the permanent offer of blocks and now we have approved a new procedure, and all this has brought new opportunities for investors. The extraction sector will always be the engine of diversification in our country’s economy,” the Minister concluded.

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