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Sonangol Joins African Energy Week (AEW) 2025 as Lead Sponsor Amid Major Production Milestones

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Energy

Working in collaboration with international operators, Angola’s national oil company has brought several offshore oil projects online in 2025

CAPE TOWN, South Africa, August 14, 2025/APO Group/ –Angola’s national oil company Sonangol has joined the African Energy Week (AEW): Invest in African Energies 2025 conference – taking place September 29 to October 3 in Cape Town – as a Lead Sponsor. Sonangol’s participation comes as the company achieves a series of production milestones in collaboration with international operators across strategic offshore projects, and is poised to create new pathways for partnerships in Angola’s oil and gas sector.

In July 2025, Sonangol – alongside project partners Azule Energy (operator) and Sinopec – started production at the Agogo FPSO. Situated in Block 15/06 and forming part of the broader Agogo Integrated West Hub Development, the FPSO joins the operational Ngoma FPSO to harness resources from the Agogo and Ndungu fields. With the start of the Agogo facility, peak production has been revised upwards to 1750,000 barrels per day (bpd), offering a much-needed boost to the country’s production portfolio. The project partners are now focusing on bringing the facility to its full operational capacity.

This follows the start of two additional offshore projects in July 2025, which collectively brought 60,000 bpd to the market. In collaboration with TotalEnergies (operator), SSI, Etu Energias and Falcon Oil, Sonangol started production at the Begonia project in Block 17/06. With a capacity of 30,000 bpd, the project features five wells tied back to the PAZFLOR FPSO and represents the first inter-block development in the country. Additionally, in collaboration with TotalEnergies (operator), Equinor, ExxonMobil and Azule Energy, Sonangol also brought the CLOV Phase 3 Development online. Situated in Block 17, the project comprises four wells tied back to the CLOV FPSO and also boasts a capacity of 30,000 bpd. A testament to the role international collaboration plays in Angola’s oil and gas market, these projects utilize existing offshore infrastructure to drive Angolan oil production at a time when the country seeks to sustain output above one million bpd.

Sonangol has positioned itself as both a strong partner for international companies and a competitive operator in its own right

Upcoming projects will further support production growth in Angola. Notably, Sonangol is working with TotalEnergies (as the operator) on the Kaminho project. Situated in Block 20/11, the project is the first large deepwater development in the Kwanza basin and targets 70,000 bpd. A final investment decision was reached in 2024 with production slated for 2028. As a partner in the New Gas Consortium, Sonangol is also developing Angola’s first non-associated gas project. Featuring the Quiluma and Maboqueiro shallow water fields, the project will harness resources from the fields through two offshore platforms and an onshore gas processing plant connected to the Angola LNG facility. The platforms were completed in early 2025, with production set to start in late-2025.

These developments align with Sonangol’s broader strategy to establish itself as a competitive operator, reflecting the company’s capabilities to work with international partners to drive exploration and production. With stakes in 35 concessions and daily production exceeding 200,000 bpd, Sonangol plays an instrumental part in the industry. To further augment its position as a major upstream player, the company is preparing to launch an Initial Public Offering (IPO) in 2026, with 30% of its shares becoming available. The IPO will provide critical financing for Sonangol’s exploration and production portfolio, supporting future acquisitions and investments.

Beyond the upstream sector, Sonangol is advancing downstream developments with a view to enhance Angola’s refining capacity and support regional fuel security. In 2025, the company is preparing to start operations at the Cabinda oil refinery – the second refining facility in the country. With an initial capacity of 30,000 bpd, the project could be expanded to 60,000 bpd and will provide much-needed fuel products for the domestic market. Additional facilities are planned in Lobito (200,000 bpd) and Soyo (100,000 bpd), reflecting Sonangol’s commitment to advancing the development of Angola’s oil and gas value chain.

Sonangol’s participation at AEW: Invest in African Energies 2025 showcases its ambition to not only become a major upstream operator but a driver of African oil and gas development. As the largest event of its kind on the continent, AEW: Invest in African Energies 2025 takes place under a mandate to make energy poverty history, connecting international partners with African projects. Sonangol’s participation is expected to facilitate new deals and collaborations – both in Angola and across the regional landscape.

“Sonangol has positioned itself as both a strong partner for international companies and a competitive operator in its own right. The company’s strong upstream portfolio, commitment to production growth and experience in delivering successful offshore projects is expected to consolidate Angola’s position as a leading global oil producer,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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