After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019.
The first eleven months of 2018 saw Angola make more money from oil than in any of the previous four years, at the tune of USD$8.7 billion
Angola has developed a strategic plan to attract new players to its established oil and gas sector, promoting a licensing round at Angola Oil & Gas in June 2019 and opening up marginal fields based on new 2018 legislation.
The African Energy Chamber congratulates Angola on becoming the sixth African country to join the Gas Exporting Countries Forum (GECF), after Nigeria and Equatorial Guinea
By the International Monetary Fund (IMF’s) own admission, there are circumstances where African governments’ debt levels are so high they become unsustainable, such that the scheduled debt service exceeds the capacity of the member to service it.
Investors are becoming concerned with entrenched state corruption and the persistently weak state of the economy – Report United Kingdom, August 23, 2018/ — EXX Africa (www.EXXAfrica.com) published a special report on the investment risk outlook on Angola. Download the report: https://bit.ly/2Ll0j3X Since… Read More ›
IMF team says improving the business climate in Angola is critical for economic diversification and growth
An International Monetary Fund (IMF) team led by Ricardo Velloso visited Luanda from March 1-15, 2018, to conduct discussions for the 2018 Article IV consultation has advised the government that improving the business climate is critical to tackle impediments to… Read More ›