Angola started producing oil from the Benfica oilfield in the Cuanza Basin in 1955. Nearly 70 years on, the country has risen to become one of the biggest producers and exporters in Africa, with production hitting an all-time high of two million barrels per day (bpd) in 2010.  However, in 2023, production (https://apo-opa.info/423raJq) has started to wane […]

Angola represents a large market potential for Foreign Direct Investment (FDI), serving as the sixth-largest economy in Africa. The country’s economy is largely driven by its oil sector, which contributes to approximately 50% of its GDP, 70% of Government revenue and over 90% of exports. However, the potential for FDI (https://apo-opa.info/45zscQo) transcends hydrocarbons, with the Government’s stated […]

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) walked away with two of the most prestigious prizes at the African Banker Awards 2023 held in Sharm El Sheikh, Egypt, receiving the awards for the African Bank of the Year and the DFI of the Year. The organisers of the awards, held on the sidelines of the Annual […]

With crude oil production on the rise – increasing by more than 580,000 barrels month-on-month (https://apo-opa.info/3MzMJLN) from December 2022 to January 2023 – Angola is aiming to stabilize its output around 1.3 million barrels per day (bpd) in the next three years. Accordingly, the southern African producer has several notable E&P projects that are in progress and awaiting […]

Angola is home to significant upstream potential, as demonstrated by the sharp contrast between its proven and estimated reserves: 9 billion versus 57 billion barrels of oil and 11 trillion versus 27 trillion cubic feet of natural gas. Its three major basins – Kwanza-Benguela, Namibe and Lower Congo – hold development opportunities across each stage […]

The African Development Bank Group’s (www.AfDB.org) 2023 Annual Meetings officially opened on Tuesday, with a clarion call by African leaders, together with the Bank’s President, Dr Akinwumi Adesina, to ramp up financing to meet Africa’s urgent climate action goals. In his welcome remarks, Adesina drew attention to the vast gap in resources for climate action. […]

Seven organisations from Africa and Europe have partnered to form a consortium and launched the project, WITH: Boosting Women Entrepreneurship Education in Tourism and Hospitality in Sub-Saharan Africa. Co-funded by the European Union, WITH was officially launched last week in Seville, Spain. The partner organisations are: Africa Women Innovation and Entrepreneurship Forum (AWIEF), South Africa; […]

Namibia has reached another milestone in the development of its green hydrogen economy, inking a deal with green hydrogen development company HYPHEN Hydrogen Energy for the next phase of a $10 billion project set to be located in the Namib Desert’s Tsau//Khaeb National Park. As per the terms of the agreement, green hydrogen will be […]

Download logo The Youth Energy Summit (YES!) will return for its second edition this summer in Nairobi, Kenya, as it looks to build on the platform built last year to boost skills, connections and the business readiness of future African energy leaders. Hosted by EnergyNet (https://www.EnergyNet.co.uk/) in conjunction with the Africa Energy Forum, the inaugural YES! […]

Download logo ECREEE with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) is organizing the third Technical Committee meeting of the ECOWAS Certification of Sustainable Energy Skills (ECSES) from the 24th -26th of May 2023, at CERMI (Centro de Energias Renováveis e Manutenção Industrial), in Praia, Cabo Verde. The meeting is organized under the […]