Angola
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General News
OPEC woos Namibia as African nation prepares to produce from 2030
The OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade. An African industry official and sources told Reuters on Tuesday. TotalEnergies (TTEF.PA), opens new tab and Shell (SHEL.L), opens new tab in recent years have made discoveries estimated at 2.6 billion barrels in recent years, setting the stage…
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foreign
World Bank grants $300m to help Angola speed up economic diversification
The World Bank has granted Angola 300 million U.S. dollars to help it diversify its economy. The funding for the “Diversifica Mais (D+)” project was announced by Ivan dos Santos, the Angolan Secretary of State, for public investment. The project focuses on accelerating Angola’s “sustainable and geographically balanced” economic diversification, with the private sector as the main actor. One of…
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Sports
Ademola Lookman’s heroics send Nigeria soaring into AFCON 2023 semi-finals
Ademola Lookman’s first-half strike booked Nigeria’s place in the Africa Cup of Nations (AFCON) semi-finals with a 1-0 win over Angola. The win continues the Super Eagles’ excellent AFCON quarter-final record, having lost only one of their previous 11 last-eight ties in the competition. Details to come… Ademola Olajide Lookman of Nigeria scored what would end up being the match-winning…
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Africa
Angola Partners with AFC in New Growth Phase to Boost Value From Commodity Exports
LUANDA, Angola —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 its 35th member state. With Angola’s natural resources in high demand as Europe seeks alternative sources of fuel and foodstuff in the wake of the Ukraine-Russia crisis, the…
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Africa
Angola maintains closed borders to fend off COVID-19
Angola says it will maintain closed borders to fight and prevent a spread of the COVID-19 pandemic in the country. According to a Presidential Decree, which updates the measures adopted during the prevailing ‘State of Calamity’, only nationals and foreign residents can return to the national territory. The decree also stated that foreign citizens may exit, seeking to return to…
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Energy & Environment
Angola’s Energy Sector Opens Up Opportunities for Local Content
Angola, Africa’s second largest producer of oil, standing at 1.4 million barrels per day pre-COVID-19, has revealed that, in the face of the COVID-19 Pandemic, it is opening up its oil and gas sector to encourage local content. Rising from a public webinar hosted by the African Energy Chamber, industry leaders unpacked strategies to set Angola on its 2021 growth…
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