AFC has invested US$60 million in Etu Energias (formerly Somoil), the largest private Angolan oil company, as part of a drive to boost indigenous participation in the continent’s energy sector.
The carrier-neutral, colocation Tier IV Onix Data Centre in Accra, Ghana, is joining the Angola Cables Global Data Centre Interconnect.
Africa Finance Corporation to lead US-backed development of the Lobito Corridor and Zambia-Lobito Rail Line
AFC joined with the U.S. Government, EU, AfDB and the governments of Angola, the Democratic Republic of Congo and Zambia to sign a Memorandum of Understanding (MoU) to develop the Lobito Corridor connecting northwest Zambia to the Benguela rail line in Angola and ultimately to the port of Lobito.
FEDA invests in Cabinda Oil Refinery, supporting Angola’s energy independence and the reduction of carbon emissions.
Japan has signed agreements with five African countries to explore and extract critical minerals used in high-tech industries.
Also known as the Interbank Service Company, EMIS is the financial infrastructure operator of the Angolan Payment System, responsible for the interbank network for the network of ATMs and Point-of-Sale (POS) terminals.
Mastercard has entered a strategic partnership with the Empresa Interbancária de Serviços S.A (EMIS) to roll out a co-branded contactless card with EMV technology to boost the digital economy and accelerate digital transformation in Angola.
The agreement with Access for the sale of the bank’s business in Sub-Saharan Africa is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing complexity, and driving scale.
Liquid Dataport, a business of Liquid Intelligent Technologies, a pan-African technology group, has announced plans to expand its fibre backbone to connect Luanda, Angola and Lusaka, Zambia directly.
From exploration to production and export, the Angolan oil and natural gas industry is bustling with new initiatives. This past year alone, international oil companies and the Angolan government partnered to award numerous regional operators with service contracts.
Liquid Dataport and Angola Telecom have announced a new terrestrial fibre route between Luanda, Angola to Johannesburg, South Africa, via DRC, Zambia and Zimbabwe.
Angola Cables et Orange ont conclu un accord de partage des infrastructures sur le réseau Ouest-Africain de Djoliba.
Under the terms of the MoU, Eni and Sonangol will jointly identify and assess opportunities in the areas of Energy transition, including agro-industrial supply chains for the production of low carbon fuels, valorization of residual biomass and green ammonia for agro-industrial applications.
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
With an economic recession expected at -1.4 per cent by IMF this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries.
The coronavirus (COVID-19) pandemic’s blow to global oil prices has re-emphasized the need for Angola to wean its economy off volatile fuel exports.
Bob Koigi, multiple award winning journalist and East Africa Region Chief Editor at Africa Business Communities, was recently selected as one of the 100 worldwide most influential people of African descent under 40
As Angola’s new president João Lourenço embarks on reforms aimed at fostering a dynamic local entrepreneurial sector, his success will ultimately be judged by the fortunes of people like Alcino António.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
The dramatic drop in oil prices that started in mid-2014 substantially reduced tax revenues and exports, with growth coming to a halt and inflation accelerating sharply.
With production decline a common challenge to offshore production in mature fields globally, operators in West Africa are taking advantage of innovative technical developments
Raxio continues pan-African expansion by developing Angola’s first carrier-neutral Tier III data centre
Raxio Group (Raxio), a premier pan-African data centre developer and operator, announced that it is investing and establishing ‘Raxio Angola’, the first state-of-the-art, carrier neutral, Tier III data centre in the country.
According to the agreement, Afentra will assume a four percent interest in each of the respective blocks, working in partnership with national oil company Sonangol to maximize output and extend the lifespan of the assets.
Un coup de pouce de plusieurs millions de dollars pour les petites entreprises alors que de nouveaux pays africains rejoignent le programme MultiChoice Africa Accelerator.
Angola’s biggest lender Banco BAI has taken bold steps to modernise its technology infrastructure, enabling it to meet the increasingly digital demands of its growing customer base.
Commission de la Communauté Economique des Etats de l’Afrique centrale (CEEAC), en partenariat avec le Secrétariat Exécutif de la CCNUCC, l’Initiative pour la Transparence de l’Action Climatique, le Programme des Nations Unies pour le Développement (PNUD) et le Marché Commun de l’Afrique Orientale et Australe (COMESA), ont organisé le Dialogue Africain sur le Cadre de Transparence Renforcé (CTR).
En perspective des prochaines élections générales du 24 août 2022, la transformation du modèle économique de l’Angola, marqué par plusieurs crises depuis 2015, est l’une des clefs pour favoriser une trajectoire de développement à la fois plus robuste, plus soutenable et plus inclusive du pays.
[Column] NJ Ayuk: International energy companies in Angola, Nigeria illustrate importance of creating enabling environments
The joint venture between the Angolan businesses of UK oil major BP and Italian multinational Eni, finalized in early August, is big news in every sense.
Eni publishes Eni for Human Rights 2021, the annual report that accounts the company’s approach to the matter, taking stock of the relevant outcomes, challenges and opportunities in terms of respect for human rights.
bp and Eni confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established.
Angola, which recently became Africa’s largest oil producer, is seeking to add more value across the commodity exports spectrum by partnering with the Africa Finance Corporation (AFC) as a shareholder and its 35th member state.
The New Gas Consortium has reached Final Investment Decision for the Quiluma and Maboqueiro gas project, the first non-associated gas project in Angola
The aircraft are scheduled to deliver to the airline starting in 2023 through 2024 from ALC’s orderbook with Airbus.
Eni inaugurates new platforming unit at the Refinery of Luanda and signs MoU with Sonangol at the presence of the President of the Republic of Angola
Eni Rovuma Basin, on behalf of the Area 4 partners and together with ADPP, has inaugurated a school sports infrastructures at the Cidadela das Crianças community primary school in Maputo.
Eni and Angola’s Ministry of Health sign a MoU for capacity building of Angolan health professionals
The Minister of Health of the Republic of Angola Dr. Silvia Lutucuta, and Eni’s Managing Director Adriano Mongini signed today a Memorandum of Understanding targeting capacity building for health professionals.
The Organization of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report for May 2022 showed that Angola’s oil production is now higher than that of Nigeria.
TechnipFMC has been awarded a significant contract by TotalEnergies EP Angola to supply subsea production systems for the CLOV3 development in Block 17, offshore Angola.
Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with TotalEnergies, and its partners have made a Final Investment Decision (FID) of $850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola.
Angola’s national oil company (NOC) Sonangol has conveyed interest in collaborating with the Nigerian National Petroleum Corporation (NNPC) to advance Angola’s downstream sector.
World Bank Appoints Albert G. Zeufack as the new Country Director for Angola, Burundi, DR Congo and Sao Tome and Principe
Dr. Zeufack will lead the implementation of the World Bank’s program in the four countries, which includes an active portfolio of 84 national projects totaling $8 billion financed by the International Development Association.
Maersk Supply Service has been awarded an integrated marine services contract by Esso Angola, for the provision of project management, engineering and marine services.
President of Senegal, and President of Angola, have signed six cooperation agreements in the fields of justice, trade, tourism and oil as well as the promotion and protection of investments.
To support the growth of Angola's entrepreneurial ecosystem, IFC partnered with Acelera Angola to help the company expand, support innovative tech startups, and drive inclusive economic growth in the country.
As Angola’s Ministry of Mineral Resources, Petroleum and Gas spearhead efforts to reverse declining production levels, Angola’s deep and ultra-deep offshore assets will be at the forefront of drilling campaigns, aimed at meeting phased production targets, over the next decade.
Gaming Innovation Group (GiG), signed an agreement with an Angolan operator, Full Games SA, for the provision of full Sportsbook and Player Account Management (PAM) services in the newly regulated market of Angola.
SHAL, Rockwash Geodata partner to establish a digital well cuttings national data repository in Angola
Angolan upstream advisory and consultancy company, Striped-Horse Atlântico Lda (SHAL), along with Rockwash Geodata, announced an agreement with the ANPG to establish a world class geological laboratory in Luanda.
Global service provider for credit information and risk management solutions Creditinfo Group has announced plans to open Angola’s first licenced credit bureau, with Bureau Central Privada de Informação de Crédito SA (Bureau).
US Data center operator Flexential partners with Angola Cables to strengthen connectivity to African markets
Leading US data center owner and developer, Flexential has opened their US network to Angola Cables to assist customers in Africa in connecting to 40 key data center hubs across the United States.
CAPE VIII | 8th African Petroleum Congress and Exhibition | 16th-19th May in Luanda | Join Virtually
The African Petroleum Producers Organization (APPO), the Government of the Republic of Angola, and AME Trade will be hosting the 8th African Petroleum Congress and Exhibition (CAPE VIII) will take place from 16th-19th May
Africell has welcomed U.S. Deputy Secretary of State Wendy R. Sherman to its office in Luanda, Angola.
The National Bank of Angola (BNA) has granted a Payment Service Provider license to Unitel Serviços Financeiros Móveis (SU), SA, at the request of this operator.
IMF completes fourth review of Extended Fund Facility arrangement for Angola, approves $487.5m disbursement
The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Angola’s economic program supported by an extended arrangement under the Extended Fund Facility (EFF).
Sirius Petroleum announced that the joint Sirius-Somoil consortium, signed a SPA with Sonangol, to acquire participating interests of 8.28% and 10% respectively, in the Angolan offshore Blocks 18 and 31 and a 25% participating interest in Block 27.
Juniper Biologics signs exclusive license agreement with Helsinn for infigratinib for the emerging markets
Juniper Biologics Pte Ltd, announced the signing of an exclusive license agreement to develop and commercialise infigratinib (INN) in the Middle East and Africa for the treatment of adults.
Oil and gas company Afentra, led by former Tullow CEO Paul McDade, has signed an agreement with Angola's Sonangol to buy interests in Block 3/05 and Block 23, offshore Angola.
Sequa Petroleum announced that Sungara has entered into an agreement with Sonangol to purchase a 10% participating interest in Angola's Block 15/06, 40% participating interest in Block 23 and 35% participating interest in Block 27.
Seadrill announced that Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.
Zambia is eager to finalize a stake in the Lobito Refinery in Angola, recently signing a cooperation deal in this respect.
Sonangol selects Afentra as preferred bidder for purchase of interests in Block 3/05 and Block 23, Angola
Sonangol announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23 (the Acquisition) in Angola.
Swedfund annonce un investissement supplémentaire de 4,45 MUSD dans African Rivers Fund 3 (ARF 3), portant l'engagement total de Swedfund à 14,45 MUSD.
Swedish Development Finance Institution Swedfund announces an additional investment of 4.45 MUSD in African Rivers Fund 3 (ARF 3) increasing Swedfund’s total commitment to 14.45 MUSD.
To expand financial inclusion and support economic growth in Angola, IFC announced a partnership with microfinance institution KixiCrédito to help the company strengthen its delivery of digital financial services to MSMEs across the country.
Energy Capital & Power (ECP) is proud to announce that it has signed a partnership agreement with Angola’s National Agency for Oil, Gas and Biofuels (ANPG) for the upcoming Angola Oil and Gas (AOG) 2022 International Conference and Exhibition.
bp and Eni have signed an agreement to form a new 50/50 independent company, Azule Energy, a bp and Eni company, through the combination of the two companies’ Angolan businesses.
A further exploration and delineation campaign will be performed in the first half of 2022 with the aim to assess the full potential of the overall asset of Ndungu.
While analysing the threat landscape of African countries, Kaspersky experts saw a steady decline in attacks on mobile devices in the region, as cybercriminals consolidated their efforts to focus on more complicated, dangerous and profitable threats instead.
Angola is sub-Saharan Africa's second-largest oil and gas producer with a current production capacity of about 1.1 million barrels of oil per day (bpd) and 17,904.5 million cubic feet of natural gas.
Afentra continues negotiations with Sonangol regarding purchase of interests in Block 3/05 and Block 23 in Angola
Afentra, the independent Oil & Gas company focused on supporting the African energy transition, confirmed that negotiations with Sonangol to purchase interests in Block 3/05 and Block 23 (the Acquisition) in Angola, have continued into the new year.
In the latest Top 100 CAIDA global rankings, Angola Cables achieved the highest ranking by an African entity - ranking 33rd on the global list - the company is the only African entity in the Top 100 list.
MultiChoice has further expanded its hyperlocal offering with the launch of two new TV channels – Maningue Magic and Kwenda Magic – for audiences in Mozambique and Angola respectively.
TotalEnergies has signed an agreement to sell, jointly with Inpex, the company Angola Block 14 B.V. to the Angolan Company Somoil.
Wildcat Petroleum (WCAT), a company targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, has appointed Striped Horse Resources (SHR) as consultants.
IFC and Carrinho Group launched a training program for tens of thousands of farmers and SMEs engaged in Angola's agriculture sector to help them increase productivity and more easily access markets.
CVTelecom (Cabo Verde Telecom) and Angola Cables have signed a joint cooperation agreement to identify synergies to expand connectivity and network capabilities.
Chevron’s affiliate in Angola, Cabinda Gulf Oil Company (CABGOC), announced the successful extension of the Block 0 concession, off the coast of Cabinda province, in Angola.
TotalEnergies, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency (ANPG) announced the start of production of CLOV Phase 2, a project connected to the existing CLOV FPSO.
Africell Angola has awarded Digis Squared a multi-year contract to provide end to end Managed Services to support the launch of Africell’s new network in Angola.
Valaris announced it has been awarded a two-year contract with Esso Exploration Angola, an affiliate of ExxonMobil, offshore Angola for drillship VALARIS DS-9.
Africell Group's Chairman and CEO opens Africell's new data center in Luanda with the help of Angola's National Director for Telecommunications and Information Technologies and US Ambassador to Angola.
[Angola] South Atlantic Cable System Steps up to Support Major Telco Operators and Global Content Providers
The South Atlantic Cable System (SACS) has seen a considerable increase in traffic as major telco players look for direct access to markets in the US and South America.
TotalEnergies Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48.
Africell, the fourth mobile operator in Angola, has selected Angola Cables to provide wholesale IP transit and connectivity solutions for its network.
Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and U.S.-based AfricaGlobal Schaffer for a $1.5 Billion mini-grid project to supply solar electricity and drinking water in Angola.
PGS has 3D seismic data acquired in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), covering most of the available opportunities in the Angola 2021 bid round for offshore Kwanza and Lower Congo Basin.
Eni started production from Cabaça North development project, in Block 15/06 of the Angolan deep offshore, via the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel.
More than 1.3 million people in Angola's three south-western provinces of Cunene, Huila and Namibe are facing severe hunger as the worst drought in 40 years leaves fields barren, pasture lands dry and food reserves depleted.
Angola Cables, a multinational provider of global connectivity solutions has launched a Sales Partnership Programme giving service providers and vendors the opportunity to market a range of products and services such as IP Transit, Remote Peering, Cloud Solutions, IP Gamer and others in the rapidly expanding global ICT market.
La Guinée a déclaré aujourd’hui la fin de la flambée de maladie à virus Marburg après qu’aucun cas n’a été signalé pendant 42 jours.
Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, and Eni signed a Memorandum of Understanding (MoU) aimed at identifying cooperation opportunities in the energy transition sector.
[Angola] National oil company SONANGOL explores financing solutions in response to energy transition
Under the leadership of its Chairman and CEO, industry veteran Mr. Sebastião Gaspar Martins, Sonangol has accelerated its divestment program which it is hoped, will bring in billions of dollars in much needed financing through the sale of non-core assets.
Eni started production of the Cuica Field in Block 15/06 of the Angolan deep offshore, via the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel, just over 4 months from discovery.
Africell has selected Oracle Communications converged charging, policy, and billing solutions. The offerings will help the fast-growing network operator to monetize its mobile services in Angola while providing an easy and intuitive experience for customers.
PGS announced that final PSTM and PSDM products are now available from its latest MultiClient 3D surveys in the Namibe Basin of Angola and Namibia.
An arbitrary hearing has favored the Angolan national oil company Sonangol as the sole owner of Esperaza holdings, which owns 15% of Portugal´s Galp Energia.
Angola and Switzerland on Monday in Luanda signed a memorandum of understanding on mutual legal and judicial assistance in criminal matters, which should give “greater speed” to asset recovery by the Angolan state.
IFC has appointed Carlos A.T. Katsuya as its new Senior Manager for Angola, Botswana, Mozambique and Zambia. In this role, he will lead IFC's work across the four countries to strengthen the private sector.
[Column] Verner Ayukegba: Angola's oil and gas industry provides huge opportunities for investors despite energy transition
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers. It is for that reason, that the country is host to all major International Oil Companies.
Nokia today announced that it has signed a deal to deploy its comprehensive network technologies to Angola’s new mobile telecommunications operator, Africell, to provide 2G, 3G and 4G services in the capital city Luanda.
The continent’s leading investment platform for the energy sector is doubling down on its role as the official promoter of Angolan oil and gas development by putting the country under the spotlight for investors across the globe