AGP Executive Report
Last update: an hour agoOil & Gas Strategy: Angola is advancing its Hydrocarbon Strategy through 2050, with more than $70bn in upstream investment in view, while Afreximbank and APPO are set to launch the Africa Energy Bank in November to help mobilise capital. Offshore Execution: Saipem won a ~$350m contract for Azule Energy Angola’s West Hub Tails project, covering engineering and subsea installation for about 62km of flowlines, risers and umbilicals, with fabrication at Saipem’s Ambriz yard. Finance & Markets: JPMorgan plans to launch its GBI-EM Edge local-currency frontier bond index by end-September, with Africa expected to take nearly 45% of the weighting, including Angola among qualified markets. Digital Connectivity: Africell secured a $99.6m U.S. EXIM direct loan to upgrade Angola’s mobile network with American and European technology. Public Health: WHO says Africa accounts for about 75% of global mpox cases reported in July, with Angola among the countries with the highest case numbers. Visa Rules: The EU published a Schengen visa list that includes Angola, meaning Angolan citizens must obtain a visa before entering 29 European countries. Sports & Culture: Luanda hosted the E1 World Championship debut, with LeBron James and Will Smith drawing crowds, while Ingombota honoured former basketball star Carlos Morais with a named court.
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