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Sonangol Joins the African Energy Week (AEW) 2024 as Diamond Sponsor as Privatization Strengthens its Operational Capacity

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Sonangol

With the government divesting its 30% stake in the NOC, Sonangol has the chance to strengthen both its financial and operational capacity as it transforms into a competitive upstream player

CAPE TOWN, South Africa, August 23, 2024/APO Group/ — 

Angola will finalize the partial privatization of its national oil company (NOC) Sonangol by 2026 with an initial public offering (IPO) expected to draw in investors. The government is divesting a 30% stake in the NOC in line with efforts to support Sonangol’s ambition to become a competitive operator, thereby transforming its role from a functioning arm of the government into a more proactive upstream player.

As Sonangol gradually transforms into a vertically integrated oil and gas company, the company has joined Africa’s largest energy event – the African Energy Week (AEW): Invest in African Energy conference – as a diamond sponsor. This sponsorship not only reflects Sonangol’s commitment to developing the Angolan oil and gas industry even further but showcases an intention to engage with global investors and regional partners alike to usher in a new era of energy security in Africa.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Sonangol recognizes the value in investing in oil and gas while accelerating the uptake of low-carbon solutions

The government is privatizing Sonangol by offering 11 of its processes to the public through public tenders, limited tenders and IPOs. The company’s privatization is part of the country’s broader Propriv initiative, which aims to drive economic reform by promoting free markets, increased competition between companies and the reduction of barriers to entry. For Sonangol, privatization is expected to affirm the company’s role as an internationally-recognized oil and gas operator by mobilizing private sector financing and enabling the company to focus on its role as an operator. In turn, this will enhance investor confidence in the market while positioning Sonangol as a catalyst for production growth in Angola.

As the NOC, Sonangol already combines its expertise with international oil companies to accelerate exploration and drive oil projects forward in Angola. In 2024, Sonangol and its project partners TotalEnergies and Petronas achieved FID for the Kaminho deepwater development in Block 20/11. Comprising the Cameia and Golfinho fields, the $6 billion development represents the first large deepwater project in the Kwanza basin and will produce 70,000 barrels per day (bpd) once operational by 2028. The company also expects the Agogo Integrated West Hub Development – situated in Block 15/06 and featuring the development of 36 new wells – to start operations by late-2025. Developed in partnership with international energy company Azule Energy, the project will utilize an FPSO with a capacity of 120,000 bpd. In Block 17, Sonangol and TotalEnergies are working towards first production at the CLOV Phase 3 project. Comprising a five-well expansion, the project aims to increase production by 30,000 bpd

In the natural gas sector, Sonangol inaugurated the Falcão Phase 2 gas project in December 2023. The project delivers gas from the Angola LNG facility to the Soyo I combined cycle power plant. With a capacity of 125 million cubic feet, the project generates power to support industry and petrochemical plants in Angola. Meanwhile, development is progressing at the Quiluma and Maboqueiro fields – Angola’s first non-associated gas project. Achieving FID in 2022, the project comprises two onshore platforms, an onshore gas processing plant and a connection to the Angola LNG facility. First gas is planned for 2026 with an expected production of 330 million cubic feet per day.

Beyond oil and gas, Sonangol is advancing low-carbon solutions in Angola. The company signed a deal with Azule Energy in 2024 to develop a biorefinery at the Luanda refining facility. The deal follows an agreement signed between the companies in 2023 for collaboration in the fields of decarbonization. Additionally, in December 2023, Sonangol and TotalEnergies inked a cooperation agreement to support the detection and reduction of methane emissions in Angola’s oil and gas industry. The agreement enables Sonangol to utilize TotalEnergies’ Airborne Ultralight Spectrometer for Environmental Applications technology.  

“Committed to steering production growth in Angola, Sonangol sets a strong example for other NOCs in Africa. The company’s transformation stands to not only strengthen Angola’s project portfolio but creates newfound opportunities for collaboration with other project developers in Africa. Sonangol recognizes the value in investing in oil and gas while accelerating the uptake of low-carbon solutions. This should be replicated in other markets across the region as countries move to make energy poverty history by 2030,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

During AEW: Invest in African Energy 2024, Sonangol will draw insight into the company’s project portfolio and how privatization has strengthened its capacity as an operator. Participating in panel discussions and engaging with regional counterparts, Sonangol’s presence at the event will serve to promote collaboration in African oil and gas. Sonangol’s CEO Sebastião Gaspar Martins is also speaking at the event this November.

Distributed by APO Group on behalf of African Energy Chamber.

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

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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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