Tag: Angola

French giant TotalEnergies strikes new offshore oil in Angola after $10B pledge

TotalEnergies strikes offshore oil in Angola and secures two new exploration blocks, following a pledge to invest $10 billion over the next five years.

Omokolade Ajayi September 10, 2026

Business Hot News

TotalEnergies to invest $10 billion in Angola over 5 years

TotalEnergies will invest $10 billion in Angola over five years to sustain oil output, expand exploration and develop offshore projects with partners.

Feyisayo Ajayi September 9, 2026

Business Hot News

Angola announces new oil discovery with ExxonMobil, Block 15 Partners

Angola’s 20th oil discovery in Block 15 adds to a field that has produced over 2.7 billion barrels as the country seeks to sustain output.

Oluwatosin Alao September 9, 2026

Business Hot News

Angola’s billionaire Carrinho family deepens banking power in $452 million deal

Angola’s billionaire Carrinho family is buying a 33.35 percent stake in Banco de Fomento de Angola from Banco BPI in a major $452 million transaction.

Omokolade Ajayi September 9, 2026

Business Hot News

CaixaBank’s BPI exits Angola with $452 million BFA stake sale

BPI exits Angola with a $452 million BFA stake sale to Congolian Financial, ending CaixaBank’s Portuguese unit’s banking exposure.

Timilehin Adejumobi September 4, 2026

Business Hot News

TransNamib delays Oshikango trains as cargo volumes remain low

TransNamib has delayed regular Oshikango train services as low cargo volumes make freight operations commercially unviable along the Namibia-Angola route.

Oluwatosin Alao August 25, 2026

Business Global News

Angola unveils $900 million Port expansion backed by Chinese companies

Angola secures a $900 million Chinese-backed investment to expand Barra do Dande Port, boosting exports, manufacturing and trade infrastructure.

Oluwatosin Alao July 21, 2026

Business Hot News

Trafigura exits Angola power project linking hydropower to Congo, Zambia mines

Trafigura exits Angola's 2,000-MW power project linking hydropower to DRC and Zambia mines as regional electricity projects continue to advance.

Oluwatosin Alao July 17, 2026

Hot News Business

Angola’s Cabinda refinery begins fuel shipments amid global supply strain

Angola’s Cabinda refinery begins fuel shipments, boosting local supply and easing import dependence amid global oil disruptions.

Omokolade Ajayi May 10, 2026

President João Lourenço, President Oligui Nguema sign three deals to deepen Angola-Gabon

Business Technology

Angola, Gabon deepen ties with new cooperation agreements across Africa

Africa’s growing focus on regional cooperation was on display this week as Angola and Gabon signed new agreements aimed at expanding trade, strengthening investment ties and building industries beyond oil. The accords, reached during high-level talks in Luanda, reflect a wider shift across the continent as resource-rich nations work to broaden their economies, create jobs and reduce long-standing dependence on…

Oluwatosin Alao May 7, 2026

Business Hot News

Alain Nkontchou’s Enko Capital backs Angola solar projects with $100 million

Enko Capital deploys $100M fund into Angola’s 72.4MW Luneta solar project, boosting renewable energy capacity and private credit use.

Feyisayo Ajayi April 29, 2026

Angola seeks AfDB loan as oil supports growth amid debt pressure

Business Technology

Angola seeks AfDB support as oil cushions impact of global shocks

Angola is seeking fresh support from the African Development Bank as it works to steady its finances in a volatile global environment, even as stronger oil prices offer some relief. The government is in talks for a $165 million budget support loan, part of a wider plan to raise about $1 billion from external sources this year. Officials say the…

Oluwatosin Alao April 17, 2026