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Sonangol: A Competitive Partner for United States (US) Investors

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Angola Oil & Gas

Angola Oil & Gas 2024 is hosting a networking event on March 19 in Houston, providing a platform for US companies to forge strategic partnerships with Angola’s national oil company

LUANDA, Angola, March 18, 2024/APO Group/ — 

Angola’s national oil company (NOC) Sonangol has increased its competitiveness and capacity as an operator through a privatization process initiated by the government – set to be complete by 2026. Now, the NOC is actively seeking partners for exploration and production projects, and is inviting US companies to connect with opportunities in Angola. A networking event in Houston on March 19 will foster engagement between US stakeholders and Angolan leaders, including Sonangol.

Hosted by Angola Oil & Gas (AOG) 2024, in collaboration with the National Oil, Gas & Biofuels Agency (ANPG) and the Ministry of Mineral Resources, Petroleum and Gas, the event provides a platform for Sonangol and US investors to explore synergies and forge strategic partnerships for mutual growth.

Organized by Energy Capital & Power, AOG stands as the largest oil and gas event in Angola, fully supported by key stakeholders including the Ministry of Mineral Resources, Oil and Gas, Sonangol, ANPG, the African Energy Chamber, and the Petroleum Derivatives Regulatory Institute. This event serves as a platform to sign deals and advance Angola’s oil and gas industry. For sponsorship or participation as a delegate, interested parties can contact sales@energycapitalpower.com.

Sonangol recently qualified as both an operator and a non-operator in the recent bid round for onshore blocks in the Lower Congo and Kwanza Basin during the ANPG’s 2023 onshore licensing round. Noteworthy is Sonangol’s involvement in Block KON 15, where the company secured a substantial 40% participation interest as an operator alongside Afentra as a non-operator with a 45% interest. Interested companies qualified as associates of the national concessionaire have the opportunity to participate with a 15% interest in the block. This offers promising opportunities for U.S. companies to collaborate with Sonangol and Afentra in the development of Block KON 15, providing access to resources, expertise, and investment prospects in Angola’s energy sector.

Sonangol has already formed strategic partnerships with US companies to develop oil and gas resources. In March 2023, the company partnered with US oil and gas major ExxonMobil to enhance exploration in Angola’s Namibe Basin. An MoU was signed for Blocks 30, 44, and 45, facilitated by the ANPG, aiming to increase competitiveness.

Meanwhile, U.S. company Chevron’s Angolan subsidiary CABGOC and Sonangol – alongside global major TotalEnergies and oil and gas company Azule Energy – recently formed the New Gas Consortium to spearhead the development of the Quiluma and Maboqueiro gas fields. The project encompasses the construction of two offshore wellhead platforms off the northwest coast of Angola, an onshore gas processing plant, and a connection to the Angola LNG plant for the marketing of condensates and gas through LNG cargoes. This collaborative effort aims to harness the potential of these fields, with an anticipated production of four billion cubic meters per year by 2026.

Recognizing the need to diversify revenue streams, Sonangol has expanded into renewable energy sectors. In May 2023, the Solenova consortium, comprising Sonangol and Azule Energy, launched the Caraculo Solar Power Station in Namibe, Angola. This facility, housing 46,000 solar panels, marks Angola’s first photovoltaic plant and is operated by the Solenova consortium. Aligned with Angola’s Energy Strategy 2025, the plant aims to produce 500 MW of renewable energy in the next two years.

Furthermore, Sonangol EP and Azule Energy solidified their commitment to advancing decarbonization efforts in Angola by signing an MoU at last year’s AOG conference. This MoU seeks to identify shared interests, establish a collaborative framework, and explore opportunities for renewable energy projects, including solar and wind, as well as low-carbon blue hydrogen initiatives. This diversification not only spearheads electrification in Angola but opens up new investment opportunities for US investors with expertise in these areas.

As Sonangol continues to evolve and expand its operations, US investors are encouraged to explore the myriad opportunities for collaboration and investment in Angola’s dynamic oil and gas sector. Together, Sonangol and US investors can forge strategic partnerships that not only benefit both parties but also contribute to the long-term prosperity and energy security of Angola.

To RSVP for the Angola-focused cocktail event, please reach out to sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power

Business

Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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