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Category: Infrastructure

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Five Sectors Poised for Growth in Angola

The oil and gas industry is the most important engine of industrial growth and economic activity in Angola. However, the National Development Plan 2023–2027 addresses how the country plans to reduce oil revenue dependency to no more than 20% by diversifying the economy and investing in other sectors with growth potential, such as agriculture, infrastructure, mining, green hydrogen, and renewable energy. Infrastructure Recent investments in Angola’s infrastructure have substantially improved, with large infrastructure repairs, expansions,

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Infrastructure International News Petroleum

Africa Finance Corporation (AFC) Invests $95.25M in Uganda’s Petroleum Logistics Infrastructure

The Pan-African multilateral development financial institution, the Africa Finance Corporation (AFC), will invest $95.25 million in Uganda’s petroleum logistics infrastructure. The investment will be directed towards the oil and gas company Mahathi Infra Uganda. The funds will be used to finance the construction of two self-propelled barges for operation on Lake Victoria. The financing will also support the development of 14 petroleum storage tanks, 20 truck loading bays, a jetty, and a parking lot with

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Infrastructure Local News

Namibe Opens Primary School at Valódia

The minister of Education, Luisa Grilo, inaugurated Thursday, 23, in Namibe province a primary school No. 113, named after “Manuel Francisco Peú”, which is located at Valódia neighborhood, in the Moçâmedes municipality. Fully equipped, the school was built from scratch with funding from SODIAM – E.P., and it is the result of a protocol signed between the government of that province, the National Company of Diamond Commercialization of Angola and Fundação Brilhante, the social face

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Infrastructure Local News

Saurimo Gains Several Social Infrastructures

The minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, will travelled this Friday, 24, to the province of Lunda Sul, for a two-day visit, where he inaugurated a school for Primary Education and the First Cycle of Secondary Education, with a capacity to accommodate 1080 students. The construction of the school, fully equipped, took eight months and was funded by SODIAM-E.P., valued at over 800 million kwanzas. According to a press release, Diamantino Azevedo

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Economy Energy Infrastructure Oil Petroleum Renewable Energy

DLA Piper Confirmed as Bronze Sponsor at African Energy Week 2022

Operating in 20 countries across Africa, DLA Piper is poised to serve as a bronze sponsor at AEW 2022 The African Energy Week (AEW) (www.AECWeek.com) 2022 interactive conference and networking event, Africa’s premier event for the oil and gas sector taking place from 18-21 October in Cape Town, will feature the participation of global law firm, DLA Piper, as a bronze sponsor, demonstrating the legal entity’s commitment to sustainability as well as initiatives being undertaken

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Infrastructure

AIPEX and Quanten Consortium sign a contract for the construction of the Soyo Refinery this Wednesday

The investment contract for the construction and operation of the Soyo Refinery (Zaire province) will be signed this Wednesday. In the amount of 3.5 billion dollars, the document will be signed between the Private Investment and Export Promotion Agency (AIPEX) and Quanten Consortium Angola. The future refinery will have a processing capacity of 100,000 barrels of oil per day and will guarantee around 900 direct jobs. “The referred project is external (United States), and is

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Energy Infrastructure

AFC expands Angola investment to potential $1 billion across commodities, rail and power

Angola, which recently became Africa’s largest oil producer, is seeking to add more value across the commodity exports spectrum by partnering with the Africa Finance Corporation as a shareholder and its 35th member state. With Angola’s natural resources in high demand as Europe seeks alternative sources of fuel and foodstuff in the wake of the Ukraine-Russia crisis, the partnership with AFC will help to drive the nation’s next growth and development phase, said Finance Minister Vera Daves. ”Membership of AFC

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Infrastructure

Angolan Government’s Ministry of Transport awards concession tender for the Lobito Corridor railway

 The Ministry of Transport of the Government of Angola has announced the award of the concession tender for rail services and logistics support for the Lobito Corridor, a key route connecting mines in the Democratic Republic of the Congo (DRC) to the Lobito port in Angola and international markets beyond. The 30-year concession, with the potential of a 20-year extension, has been awarded to a consortium comprising Trafigura Pte Ltd (“Trafigura”), a market leader in

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Infrastructure

Angola awards $333m to Trafigura consortium to improve Congo rail link

Angola’s ministry of transport has awarded a tender to a Trafigura consortium to operate and expand rail infrastructure to speed up commodity imports from the Democratic Republic of Congo. Congo, Africa’s biggest copper producer, exports copper, cobalt, and other metals in trucks via Tanzania or South Africa, which takes several weeks because of congestion and customs delays. As part of a 30-year concession agreement, the consortium has agreed to invest $256 million in infrastructure, $73

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Infrastructure Energy

João Lourenço signs a decree that finances a loan of 1.5 billion to Caculo Cabaça

The Government approved financing agreements worth more than two billion euros for water supply infrastructure, hydroelectric use and projects in the field of agriculture. The largest financing agreement, in the amount of 1,519 million euros, refers to the implementation of the Caculo Cabaça hydroelectric plant, according to presidential orders signed by João Lourenço and consulted by Lusa. A loan of 1,380 million euros is planned from a banking consortium comprising the banks Unicredit and Commerzbank,

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