Browsing: Angola

• According to an Economist Intelligence Unit (EIU) report, Kenya is among the best places for doing business globally.
• Venezuela has been ranked as the worst country in which to do business.
• Qatar has implemented a $220 billion investment program over the past decade, mainly focused on infrastructure.

Kenya has been ranked among the places with a weak business environment. Still, it has the potential for improvement over the next five years. According to a report by the Economist Intelligence Unit (EIU), it is among the best business places, a global business intelligence & market insights company.

Kenya and Angola were the only African …

• The continent’s abundant resource base and untapped opportunities have already begun to attract European Investors, countries, and companies.
• Clear transition strategies and enhanced regulatory frameworks consolidate Africa’s attractiveness as an investment destination.
• With the resources available, many African countries – either oil producers or those on the verge – have begun implementing strategies to define a long-term vision for the sector.

Amid supply challenges and efforts to diversify imports, Africa has emerged as a highly strategic investment opportunity for many European Investors, countries, and companies.

The continent’s abundant resource base and untapped opportunities have already begun to attract players from across the bloc. New market dynamics offer the chance for African countries to take tangible actions to advance the continent’s attractiveness for foreign investment.

The upcoming Invest in African Energy Forum in Paris from May 14-15 has been touted as a testament to the efforts to promote investment in the …

• Masdar, UAE’s renewable energy company, signs agreement with Angola’s Ministry of Energy and Water at COP28 to develop solar plant in southern Angola.
• Project will create up to 600 jobs and deliver clean energy to 90,000 homes in region with significant electricity supply challenges.
• The agreement signed at COP28 demonstrates Masdar’s commitment to just energy transition in Africa and around the world.

Masdar, one of the world’s leading renewable energy companies, has announced plans to develop a major 150 megawatt (MW) solar PV project in Angola to deliver renewable energy to 90,000 homes while creating hundreds of jobs, spurring economic growth, and cutting carbon emissions.

As global leaders engaged in climate negotiations at the UN’s climate change conference COP28 in Dubai, Masdar – the UAE’s clean energy powerhouse – signed a concession agreement with Angola’s Ministry of Energy and Water to build and operate the ground-mounted solar power project in …

As Angola President João Manuel Gonçalves Lourenço visits the White House on Thursday, November 30, the US is poised to strengthen a complex alliance developed during the past three decades of diplomatic ties between the two countries. Going beyond the usual protocol, this visit exemplifies the growing bond between two countries sharing common ideals with hope for a bright and safe future. …

• Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.
• Establishing a streamlined commerce corridor connecting East Africa and the Great Lakes region is a fundamental plank of DP World’s overall strategy.
• DP World seeks to regulate and strengthen African trade by tackling the difficulties of logistics and storage with cutting-edge digital solutions.

Dubai Ports World in Africa

As the Africa Continental Free Trade Act ushers in a new era of African trade, a significant participant rises from the Arabian Peninsula. Dubai Ports World (DP World), based in the United Arab Emirates, is rapidly expanding its operations across Africa to become a dominant player in the region’s commerce.

The story’s action begins in one of East Africa’s thriving harbours. The vast potential of the Kenyan ports of Mombasa, Lamu, Kisumu, and Naivasha has …

• Behind every discovery in the African energy industry, final investment decision (FID), and first oil announcement in our continent are companies of all sizes.
• Collectively, these companies are validating the long-held assertion by the Africa Energy Chamber (AEC) that the African continent represents the next frontier for energy exploration and production.
• Where international corporate divestment from Africa’s oil industry is occurring, smaller players are taking up the slack.

Behind every discovery, final investment decision (FID), and first oil announcement in our continent are companies of all sizes, advancing our energy industry and bringing Africans closer to realizing the energy security and prosperity their petroleum resources represent.

Collectively, these companies are validating the long-held assertion by the Africa Energy Chamber (AEC) that the African continent represents the next frontier for energy exploration and production.

Despite concerns over corporate divestment from the African oil and gas sector in recent years — moves …

The Lobito Corridor represents a significant transport infrastructure project in Africa. The project will now become a reality with the backing of the US. Moreover, this is one of the projects through which Washington seeks to strengthen its investment ties on the continent. This project entails a transportation network that links northwest Zambia to Angola’s Benguela railway, ultimately connecting to the strategic Lobito port, the second largest seaport in oil-rich Angola.…

Angola will receive $124.4 million through two loan agreements to enhance the nation’s access to water, hygiene, and sanitation services. These agreements cover a $75 million loan from the African Development Bank and an additional $49.4 million from the Africa Growing Together Fund (AGTF).

The agreements were signed in Luanda, Angola, with the participation of Angolan Finance Minister Vera Daves de Sousa and African Development Bank Country Manager Pietro Toigo. This financing will enhance climate-resilient sanitation services in four coastal towns with a total population of 1.4 million. The towns include Benguela, Baía Farta, Catumbela, and Lobito.…

• ATI has supported a $305M loan by Deutsche Bank to Angola’s Ministry of Finance.
• The loan will support the construction and rehabilitation of a national road project.
• Angola is prioritizing transportation and logistics network to improve trade.

African Trade Insurance Agency (ATI) has provided $350 million assistance to Deutsche Bank with a thorough nonpayment insurance cover. The insurance will protect the bank against non-payment by the Government of Angola on the loan advanced to the Ministry of Finance. The ministry will build and repair Angolan National Road.

Angola transport and logistics system

The infrastructure project is a top priority for the government of Angola and is crucial for the country’s growth. It would strengthen the transport and logistics system in a geographically important corridor while facilitating trade. It will improve access to the port of Luanda while acting as a supplemental route to the Luanda Railway. The railway is a …

• Angola has become Africa Trade Insurance Agency’s (ATI) 21^st member state by paying $25 million in capital subscription fees. 
• ATI’s gross exposure in Angola currently stands at $467 million.
• The membership was funded the Angolan National Treasury and proceeds from the landmark BITA water project. 

Oil-rich Angola has become the 21st African member state joining pan-African insurer, Africa Trade Insurance Agency (ATI) after paying $25 million in subscription fees. The deal will also see Angola become first Lusophone member country in the underwriter.

ATI was established in 2001 by seven Comesa countries and with technical and financial backing of the World Bank. The agency’s core mandate is to provide insurance against political and commercial risks. This is considered necessary in order to attract foreign direct investments across member states. 

Luanda’s membership was funded by the Angolan National Treasury resources and proceeds from the landmark BITA water project. BITA …