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Transforming Angola’s Oil and Gas (O&G) Sector: National Oil, Gas & Biofuels Agency (ANPG’s) Six-Year Licensing Round Attracts Global Investment

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5 months ago

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Biofuels

The ANPG is spearheading Angola’s oil and gas revitalization with a robust six-year licensing round, fostering international investment, operational expansion and regulatory enhancements to secure the nation’s energy future

LUANDA, Angola, June 13, 2024/APO Group/ — 

The six-year licensing round, launched by Angola’s national concessionaire – the National Oil, Gas & Biofuels Agency (ANPG) – has been a cornerstone in the country’s strategy to attract and secure substantial investments in its oil and gas sector. With up to 55 blocks on offer in total, the licensing round is designed to offer regular and transparent opportunities for IOCs and competitive Angolan operators to explore and develop the country’s hydrocarbon potential.

Representing the voice of the African energy sector, the African Energy Chamber (AEC) – led by Executive Chairman NJ Ayuk – met with ANPG CEO and Chairman Paulino Jerónimo in Launda as part of a working visit to the country this week. The parties discussed measures in place to enhance the country’s enabling environment and the profound impact of the ongoing multi-year licensing round. The ANPG has been making great strides towards attracting foreign investment in exploration and production in line with national objectives to stimulate oil production and drive long-term economic growth. The AEC commends the efforts by the regulator and believes the foundations have been laid for industry-wide expansion.

Recent developments in the industry underscore the impact of license reform and promotion. In January 2024, the ANPG concluded the country’s 2023 licensing round, whereby 12 blocks were available in the Lower Congo and Kwanza basins. The regulator announced that 53 bids were submitted, demonstrating the scale of interest in the country’s acreage. The tender invited both national and international entities to participate, emphasizing criteria for operator status and the formation of contractor groups for the onshore blocks. Looking ahead, the ANPG is preparing for the next round of the licensing initiative, which is expected to further stimulate investments and partnerships, offering more opportunities for stakeholders to capitalize on Angola’s proven reserves. Featuring 10 blocks in the Kwanza and Benguela basins, the round will be launched in 2025.

The regulator’s comprehensive efforts are not only enhancing the country’s energy security but also attracting significant investment opportunities

Meanwhile, the ANPG is actively promoting exploration and production in the frontier Namibe Basin, confident in its identified leads and matured prospects across blocks and free areas. Energy major ExxonMobil plans to invest $200 million into exploring Blocks 30, 44 and 45 in the Namibe Basin, where the company, in partnership with NOC Sonangol, plans to drill an offshore frontier exploration well by late 2024.

Additionally, the ANPG’s extensive operational scope includes overseeing more than 40 operational concessions across Angola, with 16 currently in production across various offshore and onshore categories. These include three onshore, five in shallow water, six in deep water, and two in ultra-deep water. In addition to the production activities, there are numerous concessions under exploration – including 14 onshore blocks, one in shallow water, 11 in deep water and one in ultra-deep water. Further development efforts are ongoing for four deep-water concessions. The pipeline of future opportunities includes seven upcoming concessions. Additionally, there are concessions currently under negotiation, which consist of four onshore blocks located in the Lower Congo and Kwanza Basins, and three deep-water blocks (24, 49 and 50). This extensive array of operational, exploratory and developmental concessions highlights the significant potential and active investment landscape within Angola’s oil and gas sector.

Investing in Angola’s energy sector presents a strategic opportunity for several compelling reasons. The nation boasts a track record of successful exploration and production in both deepwater and onshore regions. Angola is the second-largest oil producer in sub-Saharan Africa and is recognized as one of the top five most attractive countries globally for oil and gas investments, with a success rate of over 30% in its oil and gas opportunities. The presence of major IOCs such as Chevron, TotalEnergies, Azule Energy and ExxonMobil  -alongside competitive operators such as Afentra and Etu Energias – highlights the diversity of its investor base. Furthermore, the potential for partnerships with other IOCs and proficient Angolan operators enables the leveraging of local expertise and resources, fostering mutual benefit.

Several legislative reforms have been enacted to bolster Angola’s investment climate. These reforms encompass a range of initiatives, including Presidential Legislative Decrees 5/18, 6/18, and 7/18, which address exploration, development and production, including marginal fields and natural gas. Additionally, Presidential Decree 91/18 establishes rules and procedures for abandonment activities, while Presidential Decree 49/19 designates ANPG as the regulator of oil and gas activities. Furthermore, Presidential Decree 271/20 promotes local content development, and Presidential Decree 249/21 focuses on permanent offers. Finally, Presidential Decree 52/19 outlines the general strategy for awarding petroleum concessions from 2019 to 2025.

“Under the leadership of Jerónimo, the ANPG’s proactive approach in revitalizing Angola’s oil and gas sector is transforming the landscape of exploration and production, both onshore and offshore. The regulator’s comprehensive efforts are not only enhancing the country’s energy security but also attracting significant investment opportunities. This revitalization is crucial for Angola’s economic growth, creating jobs, and ensuring that the nation remains a competitive player in the global energy market,” stated Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

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Yellow Card Secures Crypto Asset Service Provider Licence in South Africa

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20 hours ago

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November 21, 2024

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Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ — 

Yellow Card (www.YellowCard.io), Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.  

Commenting on the FSCA’s decision to issue the licence to Yellow Card Financial South Africa, Chris Maurice, Yellow Card’s co-founder and CEO, said, “The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent.This achievement reflects our dedication to providing secure, compliant and transformative solutions for our customers both in South Africa and across Africa.  

The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent

Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%. In South Africa alone, where the number of total users of crypto assets is estimated to amount to 5.8 million people, stablecoins have experienced growth of 50% month over month since October 2023, displacing bitcoin as the country’s most popular cryptocurrency.  Yellow Card is excited to play a pivotal role in this financial revolution in South Africa. 

Yellow Card, which launched in South Africa in 2020, has facilitated over US$3 billion in transactions in the last several years and now operates in 20 countries across the continent. The company recently completed a US$33 million Series C financing, led by Blockchain Capital and existing investors, including Polychain Capital, Valar Ventures, Third Prime Ventures, Coinbase Ventures, and Block, Inc. (Square/Cash App), reflecting strong investor confidence in its mission.   

As the stablecoin landscape continues to evolve, Yellow Card is committed to leading the charge in making digital assets accessible and secure for businesses across Africa. With the recent licensing and funding, the company plans to expand its B2B offerings by enhancing its stablecoin rails, upgrading infrastructure, and advancing its B2B API and Widget. These efforts will empower businesses with seamless solutions for liquidity management and their general operations. 

To learn more about Yellow Card, visit: https://YellowCard.io/. 

Distributed by APO Group on behalf of Yellow Card Financial.

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Telecoming and MTN Partner to Launch cloud gaming in South Africa

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20 hours ago

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November 21, 2024

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MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ —

  • Both companies extend their collaboration to introduce cloud gaming in South Africa.
  • MTN Cloudplay aims to revolutionize digital entertainment with affordable, high-quality gaming access.

MTN, Africa’s leading telecommunications operator with over 290 million subscribers across the continent, announces the launch of Cloudplay, a revolutionary new cloud gaming service, with Telecoming (www.Telecoming.com), a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. This project marks a new milestone in the ongoing collaboration between the two companies.

MTN Cloudplay: A Game Changer

MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles. The service will allow customers to stream high-end PC games to their mobile phones, enabling them to play anywhere, anytime.

This service seeks to democratize access to high-quality mobile gaming for the whole family; including various genres which include retro games and exciting popular gaming titles with multi-device gameplay, at an affordable price of only R79 per month.

Jason Probert, General Manager for Digital Services at MTN South Africa shared his thoughts on the collaboration:

Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month

“We’re thrilled to launch MTN Cloudplay in South Africa. We’re committed to enabling our customers to enjoy the benefits of a modern connected life and the advent of 5G means that it is now possible to stream and play games without the need for a PC or console. Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month.”

Alí Karaosman, MEA Director of Telecoming says “It is very exciting for us to extend our collaboration with MTN, bringing our nearly decade-long experience in this market and supporting the operator in this innovative digital entertainment offering, we are convinced that MTN Cloudplay will revolutionize the way users in South Africa enjoy video games. For Telecoming, this partnership with MTN is a strategic step in our mission to bring esports and innovative digital services to Africa. We are committed to continuing to develop technological solutions that enhance digital leisure for people in the region.”

Service Details

MTN Cloudplay is available to all MTN users in South Africa since November 2024. With a vast library of over 340 games from over 50 publishers, this cloud gaming service offers an unmatched gaming experience on any device.

MTN Cloudplay is accessible to MTN subscribers. Users can visit https://Cloudplay.MTN.co.za to explore the platform and enjoy a wide selection of gaming titles.

Highlights

  • Extensive Game Library: Enjoy classics like Contra, PacMan and Mortal Kombat and modern hits like Hogwarts Legacy and Borderlands 3.
  • Bring Your Own License (BYOL): Access games you’ve purchased on Steam, such as Grand Theft Auto V and Fallout 4.
  • Multi-Device Access: Play on any device and switch seamlessly between them.
  • Low Latency: Experience responsive gameplay with minimal lag.
  • Subscription: Available directly on https://Cloudplay.MTN.co.za or via the MTN Play https://Play.MTN.co.za website for R79 per month.

Distributed by APO Group on behalf of Telecoming.

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rainx Launches the101 Range of 5G Fixed Wireless Access (FWA) Routers for Mobile Network Operators (MNOs)

Published

2 days ago

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November 20, 2024

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The industry’s smartest and most aesthetically pleasing 5G and Wi-Fi 7 router opens new opportunities for service providers globally

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ — 

rainx, a leader in 5G Fixed Wireless Access (FWA) solutions, has launched the101 range (https://apo-opa.co/40UwYYE), an advanced ecosystem of fixed wireless 5G and Wi-Fi access products designed to meet the high standards of modern Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs) and their customers.

This lineup includes the101 and the101 Pro 5G smart routers, the101 Xtender smart mesh Wi-Fi extender, and the101 Loop – a new category of product designed for today’s always-connected customer, powered by MediaTek. Together, these solutions redefine 5G FWA, enabling operators to enhance network quality, reduce churn, and drive new revenue streams. The routers also offer a collection of 101 skins to suit the users’ style, creating devices that are designed to be on show.

Targeted to the demands of the modern telco

As demand for 5G-enabled FWA continues to surge, MNOs face complex challenges in scaling network capacity and quality for fixed locations, while managing the concurrent load on mobile networks. Recognising this challenge, rainx has engineered the Customer Edge approach, an integrated ecosystem of products and services designed to empower operators to manage and optimise the customer experience. This begins with the101 range of 5G smart routers, which double as network probes, feeding real-time insights to theStation, a smart managed services platform.

theStation provides operators with deep network insights, enabling accurate, proactive decisions on coverage and capacity expansion. Operators can access detailed data on network performance in the home, including Wi-Fi clients, usage patterns, speed and latency – providing proactive support and direct customer communication through the101’s touch screen. This visibility gives MNOs comprehensive control over the entire FWA ecosystem, helping to streamline network load management, anticipate capacity needs, and deliver high-speed connectivity for both residential and commercial customers.

For end-users, the101 range provides an intuitive, self-service interface that empowers customers to manage their network in real time, minimising support needs and enhancing the overall customer experience.

Key Products in the101 Range include:

the101 Pro 5G smart router

Built for premium, high-demand users, the101 Pro offers advanced 5G capabilities with the new MediaTek (MTK) T830 platform that delivers sub-6Ghz 5G with speeds of up to 7 Gbps, Wi-Fi 7 and 300MHz 4 carrier aggregation. The routers offer a range of customisable skins to suit the users’ aesthetic preferences that bring the Pro’s screen to life. Its powerful hardware ensures optimal performance for bandwidth-intensive applications, including cloud gaming.

Our Customer Edge approach provides operators with the deep insights they need to make informed decisions on their networks

Ripple Messaging™ offers MNOs a direct communication channel to the device’s 2.1” touch screen for real-time support and service notifications. It includes a built-in speed test and a “Tap for Support” feature. Additionally, theStation’s managed services enable proactive device management, optimising performance with real-time updates to ensure continuous service quality and reducing operational costs.

the101 5G Smart Router

rainx’s mid-range offering is powered by an MTK T750 platform with 200MHz two carrier aggregation and AX3600 Wi-Fi 6. With a 1.8” touch screen display, it offers smart features like “Scan to Connect”, direct messaging and a built-in speed test. It’s available with a choice of 101 skins to suit customer tastes. the101 also offers managed services through theStation.

the101 Xtender Smart Mesh Wi-Fi

the101 Xtender broadens 5G coverage, enabling MNOs to deliver high-quality, uniform connectivity throughout larger spaces. As part of the mesh network, Xtenders integrate directly with 101 routers, allowing operators to address Wi-Fi coverage gaps and deliver a consistent, high-speed experience across homes or office spaces.

the101 Loop

A new portable 5G router designed for today’s always-connected consumer. With built-in 5G, a 5.5” LCD touch screen, 25W stereo sound and a cinematic camera, the Loop lets you connect in exciting new ways. MNOs can leverage the Loop’s multimedia capabilities to offer premium services, build customer loyalty and create new ARPU (Average Revenue Per User) opportunities through integrated 5G and Wi-Fi.

“Through smart hardware and services, we’re partnering with MNOs and MVNOs to unlock the potential of 5G,” said Brandon Leigh, Founder and Director of rainx. “Our ecosystem empowers operators to monetise latent 5G capacity, create new revenue streams, and addresses the shift from spiky mobile traffic to high, steady usage at fixed locations. Our Customer Edge approach provides operators with the deep insights they need to make informed decisions on their networks, manage the customer experience and generate ROI from 5G.”

“For customers, the 101range allows them to blend their aesthetic preferences with beautiful customisable skins, alongside high-performance engineering powered by the latest MediaTek CPE technology. the101 range delivers a reliable, high-speed connection that stays robust during periods of spiky traffic. The range also offers intuitive self-service features, allowing customers to easily monitor and control their router, reducing the need for support calls and creating a seamless, hands-on user experience that truly puts the power in their hands,” Leigh concluded. 

Rami Osman, Director of Business Development for MediaTek Middle East and Africa, said: “We are excited to collaborate with rainx to increase 5G FWA access across Africa, Asia and abroad to bring the benefits of fast, reliable connectivity to consumers and businesses. The MediaTek T830 has a highly integrated and compact design that provides big power savings and reduces development time and costs for customers like rainx.

“The MediaTek T830 chipset platform represents the latest advancements in both 5G and Wi-Fi connectivity and enables our customers to build extremely high-performance multi-gigabit 5G CPE products in the smallest form factors possible. Users can get a super-fast router at home of office that they can self-install and manage, reducing the lengthy installation times for fixed line broadband,” Osman said.  

Distributed by APO Group on behalf of MediaTek Inc..

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