Charne Hollands

Multinational commodity company Trafigura, in partnership with international engineering firm ProMarks, signed a Memorandum of Understanding (MoU) with Angola's government for the development of a cross-border power transmission project.

Angola represents the second largest destination for Chinese foreign investment, with Chinese firms investing approximately $12 billion in the country over the past decade. Covering various sectors of the economy, Chinese investment has served as a linchpin for project development in Angola. Strengthened

International energy company Azule Energy has signed an agreement with Angolan national oil company Sonangol to enhance decarbonization at the Luanda Refinery – the country's sole operating refinery.

The Export-Import Bank of the United States (EXIM) – the country's official credit agency – is investing $1.6 billion in the development of solar infrastructure in Angola.

The company has set ambitious production targets, aiming to increase capacity to 50,000 bpd by 2030.

The exploration firm has acquired an additional 10% stake in the license from Silver Wave Energy.

The Export-Import Bank (EXIM) – the official export credit agency of the United States – is providing a $1.6 billion direct loan to support the

Integrated energy solutions provider Oando PLC has acquired energy major Eni's 100% stake in the Nigerian Agip Oil Company (NAOC) for a sum of $783 million.

Multinational oil and gas firm Petronas' South Sudanese assets have been transferred to the country's national oil company Nilepet following Petronas' divestment from South Sudan in early August 2024.

The two companies are exploring future collaborative opportunities in the gas and power sectors.