Investment News in Angola

Dubai Investments Announces First Flagship Mixed-Use Development in Africa
1/10/2024 - Innovative 2,000-hectare mixed-use development in Angola is positioned to be Africa’s unique integrated residential, commercial and industrial hub.

Dubai Investments, a leading investment c...
Africa Finance Corporation Invests $60M to Boost Angola’s Indigenous Oil & Gas Production
11/29/2023 - Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has invested US$60 million in Etu Energias (formerly Somoil), the largest private Angolan oil company, as par...
EU and Angola sign first-ever Sustainable Investment Facilitation Agreement
11/17/2023 - The EU and Angola signed today a Sustainable Investment Facilitation Agreement (SIFA), the first EU agreement of its kind, during the EU-Angola Business Forum in Luanda. It responds to Angola's ambiti...
AEW 2023 Unites Key Players During Invest in Angola Energies Spotlight Session
10/18/2023 - A dedicated country spotlight featured the participation of key players in Angola’s energy sector during the 2023 edition of AEW, offering stakeholders a unique insight into the growing market.
FEDA Invests in Cabinda Oil Refinery
10/17/2023 - The Fund for Export Development in Africa (“FEDA”), Afreximbank’s impact investment subsidiary, has announced an investment into Cabinda Oil Refinery, an integrated modular oil refining platform in An...
Angola’s Sonangol’s Journey Towards Partial Privatization and Shifting Mission
7/4/2023 - The petroleum industry is one of the mainstays of Angola’s economy, accounting for more than a third of the country’s GDP and more than 90% of its exports. It also generates about 70% of the governmen...
The Foundation Underpinning Angola’s Oil and Gas Investment Frenzy
6/29/2023 - There’s a smart management concept that says, “catch people in the act of doing something right.” The idea is that by reinforcing positive behavior, leaders can motivate their team members to live up ...
ANPG Highlights Local Content & Biofuels as Business Opportunities
6/21/2023 - The National Agency for Petroleum, Gas and Biofuels (ANPG) promoted the themes of Local Content and Biofuels in the second Edition of the Business and Connectivity Forum , which took place in Benguela...
Angola Partners with AFC in New Growth Phase to Boost Value From Commodity Exports
7/27/2022 - 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 as a shareholder and i...
Eni Announces the Completion of Negotiations to Start up New Gas Consortium in Angola
7/27/2022 - Eni and its Partners in the New Gas Consortium (NGC), Chevron’s affiliate in Angola Cabinda Gulf Oil Company Limited (CABGOC), Sonangol P&P, bp and TotalEnergies, together with Angola’s National Agenc...
ANPG & TotalEnergies Announce Investment of $850Min the 3rd Phase of Block 17
6/10/2022 - The National Oil, Gas and Biofuels Agency (ANPG), TotalEnergies and their Block 17 partners (Equinor, Exxon Mobil, BP and Sonangol P&P) announce the final investment decision of 850 million of US Doll...
ANPG, BP Invest $300,000 in the Protection of Mangroves
5/27/2022 - The National Agency for Oil, Gas and Biofuels (ANPG), National Concessionaire, confirmed this Thursday (26/05), in Luanda, the validation of the financing Memorandum signed between BP Angola on behalf...
Total Reaffirms Commitment to Invest in Angola
11/13/2020 - The President of the Board of Directors (PCA) of the National Petroleum Gas and Biofuels Agency (ANPG), Paulino Jerónimo, flanked by the Executive Directors, Natacha Massano and Belarmino Chitanguelec...
ExxonMobil, Partners to Redevelop Angola Block 15 to Increase Production
6/5/2019 - ExxonMobil and its partners said they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, G...
Sonangol and BP Agree to Advance BP’s Activities in Angola
12/17/2018 - Angola’s Sonangol and BP signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola. They also agreed to extend the produc...
Total Launches Zinia 2 Development in Deep Offshore Block 17
5/28/2018 - Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production ...
Angolan Sovereign Wealth Fund to Invest $180m in Deep Sea Port
1/24/2017 - Angola's sovereign wealth fund will invest $180 million in the country's first deep sea water port in Cabinda, the fund's chairman Jose Filomeno dos Santos said. The sovereign fund, known by its Portu...
Sonangol to Spin Off Non-Core Investments
6/9/2016 - Angolan state energy giant Sonangol is spinning off non-core investments in areas such as banking and real estate into a separate fund to allow it to focus exclusively on oil, new CEO Isabel dos Santo...
Angolan Sovereign Fund Plans African Investments
4/13/2015 - The Fundo Soberano de Angola (FSDEA) announced the launch of five dedicated investment funds that will target high growth industries while promoting economic and social development in Angola and the S...
Angola Sovereign Fund Allocates $1.6b to Africa Projects
12/10/2014 - Oil-rich Angola's sovereign wealth fund has set aside $1.6 billion to back infrastructure and hotel projects across sub-Saharan Africa, though falling energy prices could slow future flows of new mone...

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