AGP Executive Report
Last update: 6 hours agoAngola–Botswana Diplomacy: Botswana President Duma Gideon Boko arrived in Luanda for a three-day official visit, with talks set to cover economic cooperation and a business forum; the agenda also points to agriculture, energy, mining, diamonds, tourism, transport, logistics and food security, plus a planned shift toward a Binational Commission in 2027. Oil & Gas Supply Chain: OneSubsea won a contract from Azule Energy to supply additional controls umbilicals for the West Hub Tails project offshore Angola, enabling production transfer from the aging Ngoma FPSO to the new Agogo FPSO and supporting lower emissions. Banking Deal: Angolan food/agri magnate Nelson Carrinho’s Congolian Financial agreed to buy Banco BPI’s 33.35% stake in Banco de Fomento Angola for about $452m, subject to regulatory approvals and shareholder steps. Water for Agriculture: Angola inaugurated the Ndúe and Calucuve dams in Cunene under PCESSA, with officials saying improved water availability will boost irrigated farming, livestock and rural livelihoods. Agri-Entrepreneurship & Food Safety: Angola-linked Foods Alive in Indiana recalled organic moringa powder over possible Salmonella contamination, while Angola’s Orange Corners Innovation Fund announced €3.3m for youth entrepreneurship focused on agriculture and climate resilience. Leadership in Brewing: Champion Breweries confirmed Malolan Sampath’s formal start as MD/CEO, with his background including brewing and FMCG roles across Africa.
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