From Jebel Ali to Luanda: UAE redraws the map of maritime dominance
The official visit by Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, to Angola this week represents far…
Browsing Tag
Angola
Egypt’s Sisi, Angola’s Lourenço discuss Africa stability, stronger bilateral…
Egyptian President Abdel Fattah El Sisi met Angolan President João Lourenço on Sunday on the sidelines of the…
Egypt-Angola trade surges to $34.2m in ’24 – CAPMAS
Trade between Egypt and Angola recorded $34.2 million in 2024, up from $21.3 million a year earlier.
Petrojet expands international operations, strengthens manufacturing capabilities
Egypt’s Petrojet secured new contracts worth 112 billion Egyptian pounds in 2024—60 per cent of which are outside…
EU-Angola investment pact starts
The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) officially came into force on Sunday, marking…
Chinese investment boosts African energy sector
Chinese foreign direct investment (FDI) in Africa surged to $21.7 billion in 2023, largely driven by initiatives…
Africa’s economies to grow 3.7% in ’24, 4.3% in ’25 – AfDB chair
Africa's economic growth is poised to accelerate to 3.7 per cent this year and 4.3 per cent next, up from 3.1 per…
TotalEnergies advances development of Angola’s $6b Kaminho oil project
TotalEnergies is moving forward with the advancement of the Kaminho oil project 100 kilometers off the coast of…
Italy’s Saipem secures $3.7b Angola contracts
Saipem has secured contracts worth $3.7 billion with a subsidiary of TotalEnergies to undertake work on Angola's…
Angola to boost offshore production incentives
Angola's President Joao Lourenco is poised to greenlight a law by June, introducing fresh incentives to foster…
Baker Hughes to establish new liquid mud plant in Namibia
Baker Hughes, an energy technology company, is set to establish a new liquid mud plant and a separate assembly,…
OPEC+ expresses excitement over Namibia partnership
The Organization of the Petroleum Exporting Countries (OPEC+) expressed excitement about the prospect of Namibia…
Angola aims to re-enter international bond markets in ’24
Angola aims to re-enter the international bond markets this year with a $1 billion bond, Finance Minister Vera…
Africa Energy Bank to start operating in ’24
The proposed Africa Energy Bank, focusing on oil and gas investments continent-wide, plans to commence operations…
Diamond producer De Beers sings 3 new contracts with Angola
Diamond producer De Beers, a division of Anglo America, has inked three new contracts with Angola to support…
Afreximbank signs €175mln with Mota-Engil Africa
The African Export–Import Bank (Afreximbank) has signed on Sunday a dual tranche term loan facility worth €175…
Afreximbank signs $30mln loan facility with Angolan Griner Engenharia
African Export-Import Bank (Afreximbank) signed on Sunday a $30 million Corporate Loan Facility with Griner…
Microsoft seeks to bring satellite internet for millions in Egypt, African countries
Microsoft has announced on Wednesday about its plans to bring internet access via satellite to 10 million people,…
Capital Economics: The indirect coronavirus fallout is ‘battering’ Africa economies
The indirect economic fallout from the coronavirus outbreak is hitting Africa, with the sharp decline in commodity…
Egypt’s El Sewedy Electric unit inks $484.5mn Angola power stations deal
A subsidiary of El Sewedy Electric has sealed a $484.5 million contract to build three power stations in Angola but…
Egypt To Be Global Growth Powerhouse By 2040: Ernst And Young
Ernst and Young stated that Egypt is the second most attractive country in Africa for foreign direct investment…
S.Africa Cuts All Iran Crude Imports In July
South Africa imported no crude oil from Iran in July, customs data showed on Friday, a sign Pretoria is avoiding…
NAM Members Contain 57% Of Global Oil Exports
The member states of Non-Aligned Movement (NAM) contain 57% of global oil exports. The oil exporting members of…
Japan’s Inpex To Acquire Angola Oilfield Stake From Total
Japan's top oil and gas explorer Inpex Corp said on Tuesday it has agreed to acquire a 9.99 percent stake in…
South African Crude Oil Imports From Iran Reach $434 Mln
South African crude oil imports from the Islamic Republic of Iran have increased to $434.8 million in March from…
Saudi Arabia Determined To Push Down Oil Prices: Naimi
Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow OPEC members…