A Nigerian-energy company, Walcot Group and Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG) have signed a Memorandum of Understanding (MoU) on Production Sharing Contract (PSC) to bolster Nigeria-Angola bilateral cooperation. The Managing-Director of Walcot Group, Suleman Mohammed disclosed this in a statement on Sunday in Abuja. He said that the MoU would boost trade relations between the … Read more
IN a major breakthrough for Africa’s energy future, Nigeria, Angola and Ghana have fully honoured their capital commitments to the Africa Energy Bank (AEB), marking a significant step forward in launching the continent’s first pan-African oil and gas financing institution. The announcement was made by Dr Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organisation … Read more
THE Financial Action Task Force (FATF) has added Algeria, Angola, and Côte d’Ivoire to its grey list, identifying significant deficiencies in their financial regulatory frameworks. Senegal, however, has been removed from the list following marked improvements in its anti-money laundering (AML) and counter-terrorism financing (CTF) regimes. Why the grey list matters The FATF, an intergovernmental … Read more
ANGOLA’S new Dr. Antonio Agostinho Neto International Airport (AIAAN) has officially opened, marking a significant milestone in the country’s aviation history. The new airport, located 40 kilometres southeast of Luanda, the capital, began passenger operations on Sunday morning with eight round-trip flights between Luanda and Cabinda, operated by Angola Airlines (TAAG). ‘This is a historic … Read more
ANGOLA has been confirmed as the host of the 2025 US-Africa Business Summit after signing a Memorandum of Agreement with the Corporate Council on Africa (CCA) in Washington, DC The agreement, signed by Angola’s Ambassador Agostinho Van-Dunem and CCA President Florie Liser (pictured) , underscores Angola’s increasing role in fostering US-Africa trade relations. Set to coincide with … Read more
THE 39th edition of the Luanda International Fair (FILDA) will open its doors on July 23, welcoming over 1,300 companies from 18 countries to the Angolan capital’s Special Economic Zone. This year’s event focuses on internationalisation and strategic infrastructure development, such as the Lobito Corridor and the new Dr. António Agostinho Neto International Airport. With … Read more
ANGOLA announced on Thursday that the presidents of DR Congo and Rwanda might meet ‘very soon’ to discuss establishing peace in the conflict-ridden eastern DR Congo. This development follows Angola’s mediation efforts to address the ongoing violence in North Kivu, where M23 rebels have been clashing with DR Congo forces since late 2021. The M23 … Read more
ANGOLA, the seventh-largest country in Africa, has long been synonymous with its substantial oil reserves, which have fuelled its economy for decades. However, a new chapter is unfolding in this Southern African nation as international attention shifts towards its untapped mineral wealth. While oil remains a cornerstone of Angola’s fiscal revenues, it is the allure … Read more
ANGOLA will launch its next oil and gas licensing round in 2025 and is inviting US-based exploration and production companies to invest in upcoming block opportunities. Part of a six-year licensing round launched in 2019, the country concluded a 12-block tender in January 2024 and is currently finalizing production sharing negotiations. Speaking during a networking … Read more
ANGOLA coach, Pedro Goncalves, believes his team didn’t enjoy the kind of privileges the Super Eagles of Nigeria have been enjoying in the 2023 AFCON which was why his team lost to them. Pedro Goncalves who has been in charge of the Angola national team since 2019 proved that he had a compact team at … Read more