AGP Executive Report
Last update: 4 hours agoEnergy & Industry Policy: Angola’s push for industrialisation and value-add is getting fresh momentum as the oil sector reforms and investment drive stay in focus, with the Minister of Mineral Resources, Oil and Gas Diamantino Azevedo stressing local processing and a more investor-friendly framework. Power for Mining: Trafigura has withdrawn from a planned 2,000MW Angolan transmission project meant to supply hydropower to copper and cobalt mines in the DRC and Zambia, leaving the cross-border power plan in limbo while other regional lines continue. Oil Sector Reform & Finance: Angola’s central bank cut its policy rate to 15.75% as inflation eases, and a new book examines Angola’s upstream reform program and investment pipeline. Agro-Industry Jobs: A sugarcane project in Cangandala (Malanje) aims to create 10,000 jobs, with expansion of planted hectares underway. Mining Value Strategy: Angola is in talks to secure a meaningful stake in De Beers “to sit at the table” and shape strategy, while Botswana also seeks to increase its role. Trade & Logistics: Angola and Japan discussed cooperation on planning, public investment, infrastructure and logistics, and Angola’s broader industrial agenda keeps linking to regional partnerships.
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