Angola News Archives - AfricaBusiness.com

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

28Feb

By Africa BusinessNo Comments

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

MultiChoice shortlists 11 start-ups to pitch for international funding and take their small businesses to the next level At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the African continent. In recognition of the critical role SMMEs play, MultiChoice launched the MultiChoice Africa Accelerator programme which trained 29 businesses across 9 African countries in key entrepreneurial skills. As the second leg of the programme, a panel of experts has selected 11 of the most promising small businesses and invited them to pitch to prospective international investors in Dubai. “There’s no denying the impact African SMMEs have on job creation and econ...

AngoCasa Unveils Latest Collection of High-End Real Estate Opportunities in Angola: Exploring the Property Market and Its Growth

15Dec

By Africa BusinessNo Comments

Angola News, Real Estate

AngoCasa Unveils Latest Collection of High-End Real Estate Opportunities in Angola: Exploring the Property Market and Its Growth

In 2021, Angola emerged from five years of recession. The business environment in Angola records significant improvements since 2018, becoming a key factor to attract new investments and the return of big multinational companies. Furthermore, earlier this year Nigeria lost its crown as Africa's largest crude producer as Angola surpassed the country for the first time in more than five years. The behaviour of the economy and the housing market often mirror each other. In 2017, prior to the recession, Angola's capital Luanda ranked as the world's most expensive city for expats, ahead of cities like Tokyo, Zurich, Singapore, and the capital's real estate prices ranked highest in Africa and among the top worldwide. Meanwhile, in recent years property prices have plummeted and now offers imme...

AOG 2022 Presents A Great Opportunity To Invest In Angola’s Oil And Gas Future – Nj Ayuk

7Nov

By NJ AyukNo Comments

Angola News, Energy

AOG 2022 Presents A Great Opportunity To Invest In Angola’s Oil And Gas Future – Nj Ayuk

Now more than ever is the time to invest in Angola’s energy industry and drive inclusive and sustainable economic growth on the back of oil and gas. At a time when global markets are turning to African oil and gas, Angola has emerged as a highly attractive investment destination among international players, with the country’s enabling business environment making it the market of choice for financiers and project developers across the entire energy value chain. As a champion of and advocate for the African energy industry, I have seen firsthand the success of Angola in becoming Africa’s largest oil producer and taking great steps to reverse its production decline, which has resulted in a plethora of new players entering the country’s oil and gas space. Angola is also actively prioritizing...

24Nov

By Africa BusinessNo Comments

Angola News, Events

The right time to bet on Angola

António Henriques da Silva Chairman of the Board of Directors of the Luanda-Bengo Special Economic Zone and Chairman of the Board of Directors of Angola’s Agency for Private Investment and Export Promotion (AIPEX) The Republic of Angola has always generated enormous interest from investors in all sectors all over the world. However, recently the economic changes caused by the sudden drop in oil prices and the devastating effect of the Covid-19 pandemic on world economies, many people are questioning whether the Angolan market is a safe bet to make their capital profitable and solidify their entrepreneurial endeavors. The answer is, undoubtedly, positive. With the vaccination process enabling effective control of the pandemic in Angola, this is the right time to invest in the Angolan ...

12Nov

By Africa BusinessNo Comments

Angola News

Angola’s Special Economic Zone, provides new services to national and foreign investors with the inauguration of the GAI – Investor Support Office

The Luanda-Bengo Special Economic Zone (ZEE) launched a useful new tool for investors, the GAI (Guiché de Apoio ao Investidor), or Investor Support Office, which in addition to supporting the presidential directive to facilitate access for national and foreign investors, will eliminate bureaucratic obstacles that can hinder the actions of those who want to access Angola’s privatized assets or those businesses already established within the ZEE. The GAI will: - reduce the time needed to access and resolve matters relating to the Angolan public administration - contribute to a significant increase in the number of companies based in the ZEE - expand domestic production and the export of goods generated by the Angolan economy - increase foreign direct investment in the Republic of Ango...

27Sep

By Africa BusinessNo Comments

Angola News, Energy, Events, Interview

What you need to know about Angola’s premier Oil, Gas and Tech Conference

The upcoming second Angola Oil and Gas Service and Technology Conference (AOTC), is set to run in Luanda from 23-25 November and it’s shaping up to be the event of the year. The event billed as the country’s premier oil, gas and technology conference has once again been endorsed by the Angolan Ministry of Mineral Resources and Petroleum. Given this high-ranking support, it's not surprising that a host of prominent, respected government and industry expert speakers from the oil and gas industry and other private sectors are on the programme. The AOTC was started last year by the Angolan Oil & Gas Service Companies Association (AECIPA) and is again hosted in partnership with the international events organiser GEP. Engineer Bráulio de Brito, the President of the AECIPA and Chairman o...

12Sep

By Africa BusinessNo Comments

Angola News, Energy, Events

Global Industry Experts to Unite to Empower Women to Advance in the Oil and Gas Sector

“The women empowerment era will bring a new dynamic to the Industry. Not to just by empower other women but also our communities.” Ms. Eugenia Langa, founder and CEO, Nweba, speaker Angola Energy Series 2021 The first set of speakers has been announced for the first event in the 2021 Angola Energy Series, ‘Women in Energy: Angola Advance’ bringing a pool of experience and knowledge together to help oil gas and energy organisations address how they can create and invest in a diverse, enterprise-wide talent pipeline in Angola and the across the globe. Angola Country Manager for multinational oil and gas company – TechnipFMC, who has had operations in Angola for over 20 years, Dra. Filipa Vilhena Santos, will be participating in the series for the second time, following on from her insig...

AECIPA Launches Programme for the Angola Energy Series 2021

3Aug

By Africa BusinessNo Comments

Angola News, Energy

AECIPA Launches Programme for the Angola Energy Series 2021

Following the considerable success of the inaugural Angola Energy Month December 2020, the Angolan Oil & Gas Service Companies Association (AECIPA) has announced the launch of its Angola Energy Series programme, which will culminate in the 2nd Angola Oil and Gas Service and Technology Conference (AOTC) hosted in Luanda from 23-25 November. AECIPA established the Angola Energy Series as a platform for the sharing of knowledge, information, ideas, solutions and most importantly, purposeful business interactions. AOTC 2020 was hosted under the high patronage of the Ministry of Mineral Resources and Petroleum, Angola with in-depth content from over 50 speakers, engaging with an audience of more than 1,250 from 43 countries across the globe. In addition, over 300 video meetings were ...

Angolan Legal Reform Shows How Africa Can Use Oil and Gas As a Springboard Towards Job Creation— But Only if It Looks Beyond the Obvious Options

10Jan

By NJ AyukNo Comments

Angola News, Energy

Angolan Legal Reform Shows How Africa Can Use Oil and Gas As a Springboard Towards Job Creation— But Only if It Looks Beyond the Obvious Options

For decades, many of Africa’s oil- and gas-producing states followed a predictable pattern. They treated their oil and gas primarily as raw materials that could be sold abroad for a quick profit, rather than as a means of supporting efforts to make more lasting changes in the economy of the nation as a whole. This pattern has had unfortunate consequences. It discouraged investment in local capacity, and it fostered the development of arrangements under which most residents of the producing states could not see how the large amounts of money earned from oil and gas exports were improving their lives. In other words, it allowed most hydrocarbon revenues to flow back to the home offices of international oil companies (IOCs) or to go to national oil companies (NOCs) that transferred funds to l...

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

21Nov

By NJ AyukNo Comments

Angola News, Cameroon News, Energy, Gabon News

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak oil,” when crude production reaches its maximum rate before going into permanent decline. Predictions run the gamut: OPEC’s latest World Oil Outlook, for example, forecasts increasing oil demand for two more decades. But the International Energy Agency stated in its 2020 World Energy Outlook report that demand for oil probably will plateau after 2030. And the 2020 energy outlook from BP states that the world has already passed peak oil and predicts even greater drops in demand as countries comply with carbon dioxide abatement measures. While no one can p...