AGP Executive Report

Agribusiness & Water Infrastructure: Angola’s Cunene agribusiness is getting a boost as the Cafu canal transfer system is being operationalised, with local production of vegetables, legumes, tubers and maize rising and prices easing in Ondjiva. Food Processing & Imports: USDA forecasts Angola’s chicken meat output to reach 80,000 tons in 2027 (+6.7%), but domestic supply will still cover only about 23% of consumption, keeping import dependence high. Public Sector Restructuring: Angola dissolved state-owned Nova Cimangola (Cimangola) via Presidential Decree No 152/26, with IGAPE tasked to liquidate assets within 12 months, while Nova Cimangola SA continues cement operations. Trade & Industry Linkages: Angola and Brazil are pushing deeper investment and joint value creation, with emphasis on transforming raw materials into competitive, export-oriented industry. Lobito Corridor (Environment & Security): Public consultation on the strategic environmental assessment for the Lobito Corridor director plan is underway in Huambo, while Japan signals interest in strengthening financial-crime prevention capacity for corridor investors. Regional Power Cooperation: The U.S. Trade and Development Agency will host an Angola-Botswana-Mozambique-Zambia delegation to modernise electricity distribution and integrate AI-enabled grid control systems. Livestock Imports: Huíla Province is exploring importing cattle from Namibia to improve herd quality and meet rising beef demand. Construction & Retail Jobs: Work has started on Namibia’s N$160m Buchter Mall in Lüderitz, anchored by Shoprite, with hundreds of jobs expected.

Lobito Corridor Finance: The African Development Bank approved US$255m in concessional funding plus a US$10m grant to support Zambia’s participation in the Lobito Integrated Economic Corridor, linking Angola’s Port of Lobito to the Copperbelt and aiming to cut logistics costs while boosting trade, agriculture, energy and urban development. Lobito Corridor Environment & Security: Angola’s Lobito Corridor masterplan environmental assessment is in public consultation in Huambo, with contributions from academia, NGOs and local managers across five provinces; meanwhile Japan signaled interest in strengthening legal and technical capacity to prevent financial crime risks along the corridor, working with border management and UNODC. Angola–Brazil Industrial Push: Angola’s industry secretary says Angola and Brazil are moving toward partnerships focused on investment, production and value creation, including deeper processing of local resources tied to import substitution and export-oriented industrialization. Luanda Water Infrastructure: Standard Chartered is arranging EUR538m financing for Phase 2 of the Quilonga Grande Water System to expand Luanda’s potable water network, targeting supply for about 5 million people and creating 1,500+ construction jobs. Agribusiness Deal Talks: Angola is negotiating with Brazilian agricultural firms for large-scale farming on about 800,000 hectares, with financing structure still the key hurdle.

Water Infrastructure Finance: Standard Chartered is leading a EUR538m deal to expand Luanda’s potable water network under Phase 2 of the Quilonga Grande Water System, targeting supply for about 5 million people and creating 1,500+ construction jobs. Digital Sovereignty: Angola’s government argues “digital sovereignty” is about the state’s ability to govern, protect data and critical infrastructure, and keep essential services running securely. Agri-Trade Policy: Angola moves to add maize to the list of “wide consumer goods” imports, with a new rule requiring licensed operators to import maize, aiming to boost local production and the domestic market. Energy & Aviation Disruption: A contaminated jet-fuel consignment has forced Discover Airlines flights to stop in Luanda for refuelling, with suppliers and ground staff working to restore normal supply. Oil Exploration: Chevron reports a major oil and gas condensate discovery in Angola’s Block 0, reinforcing continued Sub-Saharan Africa investment plans. Regional Fisheries Pressure: Zambezi river studies warn Zambezi bream is declining fast, calling for fingerling restocking and tighter overfishing controls. Logistics Rail Gap: Namibia’s Ondangwa–Oshikango line has been without trains for over two years, though it remains earmarked as a dry port route as Angola–Namibia trade grows. Expo-Huíla Business Boost: Expo-Huíla in Lubango generated about Kz 1 billion in deals, with 800 exhibitors and nearly 60,000 visitors. Insurance Market Update: Angola’s insurance and pension sector is described as consolidating and modernising, with ARSEG citing strong asset growth in 2025. Maritime Trade Signals: A vintage VLCC tanker sale reportedly fetched $57m, highlighting a hot market for older tonnage.

Angola–Oil & Gas: Chevron confirmed a new oil and gas condensate discovery in Block 0 offshore Angola (105-4X), hitting a 600+ meter condensate column and pointing to a tie-back to nearby facilities—another push for capital-efficient production growth. Luanda–Aviation Fuel Disruption: A contaminated jet fuel consignment triggered jet fuel shortages, forcing Lufthansa Group/Discover routes from Namibia to stop in Luanda to refuel, with passengers staying on board during the stop. Luanda–Trade & Industry Policy: Angola moves to boost local production by adding maize to the list of “wide consumption” imports, with a new decree requiring licensed operators to import maize under incentive rules. Luanda–Finance Modernisation: Banco BAI is scaling its innovation team ahead of a new core banking system planned for 2027–2029, aiming to accelerate Angola’s digital banking infrastructure. Luanda–Insurance Sector: ARSEG says Angola’s insurance and pension market is consolidating and modernising, citing strong asset growth and higher net results in 2025. Regional Business Links: Namibia uses Expo Huila 2026 in Lubango to line up investment, trade and agriculture partnerships, including a governor-level forum with Angolan counterparts. Infrastructure & Logistics: Communities in Zambezi are urged to support the Kongola–Mulangu road rehabilitation (22 km) to strengthen cross-border truck traffic toward Zambia, Botswana, Zimbabwe and Angola.

Offshore Oil & Gas: Chevron confirmed a new oil and gas condensate discovery in Block 0, offshore Angola (105-4X), with a 600m+ column and potential tie-back to nearby facilities, reinforcing investor confidence in Angola’s resource base. Aviation Fuel Disruption: A contaminated jet fuel consignment triggered a temporary jet fuel shortage, forcing Lufthansa-owned Discover and other Europe-bound flights from Namibia to refuel in Luanda. Local Production Policy: Angola’s government moved to tighten the import regime for staple goods by adding maize to the list of “wide consumption” imports, with a new diploma set to require licensed operators to import maize to support domestic production. Finance & Digital Banking: Banco BAI says it is scaling its innovation team ahead of a new core banking system planned for 2027–2029, aiming to accelerate Angola’s digital banking future. Insurance Market: ARSEG reports Angola’s insurance and pension sector is consolidating and modernising, managing over Kz 2.25bn in assets and responsibilities. Trade Diplomacy: Gabon’s ambassador in Luanda urged stronger economic cooperation with Angola across hydrocarbons, agro-food, manufacturing and industrial equipment. Regional Business Links: Namibia used Expo Huila 2026 in Lubango to line up investment, trade and agricultural partnerships with Angola, including a forum matching regional governors. Environment & Land Use: New research maps larger peatland coverage in Angola’s Highlands Water Tower, highlighting its role as a carbon sink and the risks from slash-and-burn agriculture. Governance & Justice: The NCIC ordered Kenya’s Gachagua to appear before Aug. 27 over alleged inflammatory remarks, under the National Cohesion and Integration Act.

Food Security & Trade Policy: Angola is set to tighten its import regime for staple goods, with the Ministry of Industry and Commerce preparing a new diploma to update Decree 130/26 and make licensed operators import maize under a revised “wide consumption goods” incentive list, aiming to prioritise domestic production. Banking & Digital Transformation: Banco BAI says it is scaling its innovation team ahead of a new core banking system planned for 2027–2029, betting on stronger digital banking infrastructure to support Angola’s financial modernization. Oil & Gas Investment: Chevron confirmed a major oil and gas condensate discovery in Block 0 offshore Angola (105-4X), with a >600m column and potential tie-back to existing facilities, reinforcing confidence in Angola’s resource base. Insurance Sector Growth: ARSEG reports Angola’s insurance and pension market is consolidating and modernising, citing 2025 growth in assets and results, and signalling a detailed 2025 market report for Q3 2026. Regional Energy & Logistics Shock: Namibia’s jet fuel shortage has forced Lufthansa-owned Discover flights to reroute via Angola for refuelling, after off-spec Jet A-1 was quarantined—highlighting supply-chain fragility. Mining & Processing Pressure (DRC): The DRC has banned exports of copper and cobalt concentrates, tightening regional concentrate flows and adding uncertainty for downstream supply networks linked to Angola and the wider region.

Angola Oil & Gas: Chevron confirmed an oil and gas condensate discovery at the 105-4X well in offshore Block 0, hitting a 600m+ column in the Pinda reservoir and pointing to a tie-back to nearby facilities; Block 0 is operated by CABGOC with Sonangol E&P, TotalEnergies and Azule Energy as co-owners. Digital Finance: Banco BAI says it is scaling its innovation team fivefold to prepare for a new core banking system launching between 2027 and 2029, aiming to accelerate Angola’s digital banking future. Aviation Fuel & Connectivity: Namibia’s jet fuel shortage has forced Lufthansa-owned Discover to reroute some Windhoek–Europe flights via Angola for refuelling after off-spec Jet A-1 was quarantined by Vivo Energy Namibia. Trade & Industry Links: Namibian businesses and governors turned out for Angola’s Huila Expo in Lubango, led by Ambassador Leonard Iipumbu, with the fair running alongside “Our Lady of the Mountain” festivities. Environment & Land Use: New research maps larger peatland coverage in Angola’s Highlands Water Tower, highlighting peatlands as a major carbon sink and warning that slash-and-burn agriculture and unsustainable peat use are key threats.

Chevron Angola Update: Chevron, via CABGOC, confirmed a major oil and gas condensate discovery in Block 0 offshore Angola at well 105-4X, hitting a 600m+ column and 90m+ net pay in the Pinda reservoir, with plans to assess a tie-back to nearby facilities. Digital Finance Push: Banco BAI is scaling its innovation team fivefold to prepare for a new core banking system launching between 2027 and 2029, aiming to expand Angola’s digital banking reach. Aviation Fuel Shock (Angola as refuelling hub): Namibia’s Jet A-1 supply problems tied to off-spec fuel quarantined at Walvis Bay have forced Lufthansa-owned Discover flights to reroute via Angola for refuelling, highlighting Angola’s role in regional energy logistics. Energy Local Content Focus: The African Energy Chamber urged African governments to move beyond “listing” local content and instead build real skills and industrial capacity while keeping investor-friendly conditions. Critical Minerals Watch: A U.S.-backed rare-earth study in Mozambique (USTDA-funded) is set to start in September, reflecting continued efforts to diversify mineral corridors. Environment & Land Use: New research suggests Angola’s Highlands Water Tower peatlands are larger than previously thought, with implications for carbon policy and conservation.

Aviation Fuel Crunch: Namibia’s jet fuel shortage has disrupted Lufthansa-owned Discover Airlines, forcing reroutes via Angola to refuel after a Walvis Bay Jet A-1 shipment failed quality tests and was quarantined by Vivo Energy Namibia. Energy & Local Content: The African Energy Chamber says Africa’s local-content push is shifting from “listing companies” to building real domestic skills and industrial capacity, with AEW 2026 set to host a Local Content Roundtable. Oil & Gas Supply Chain: TechnipFMC delivered its first 7-in Subsea 2.0 horizontal christmas tree for Chevron’s Gorgon stage three tie-back, underscoring continued subsea execution for Angola-linked regional offshore work. Critical Minerals Finance: A US-backed rare-earth pre-feasibility study in Mozambique has selected Valentine Enterprises to lead a $1.88m work program, reflecting investor caution over project risk and pricing pressure. Trade & Logistics: Chirundu border activity is gradually picking up as Zambia’s election settles, with 24-hour operations and scrapped transit duties on petroleum products aimed at easing congestion.

Chevron Angola Update: Chevron confirmed an oil and gas condensate discovery in Block 0 offshore Angola at the 105-4X well, reporting a 600m+ column and 90m+ net pay, with plans to assess development as a tie-back to nearby facilities. Energy & Air Logistics: Namibia’s jet fuel shortage disrupted Lufthansa’s Discover flights to Europe, with aircraft rerouted via Angola to refuel after a Walvis Bay shipment failed quality checks. Critical Minerals Finance: The US DFC committed $62.8m to rare-earth projects across Malawi, Angola, Madagascar and South Africa, but private investors remain cautious over risk and pricing pressure. Local Content & Industry Skills: Namibia’s oil and gas local-content masterclass stressed partnerships, bankable paperwork and audited governance—less “passion,” more investable readiness. Regional Trade Flow: Chirundu border activity is picking up after Zambia’s election, with 24-hour operations and petroleum transit duty changes aimed at easing queues and boosting cargo movement. Diplomacy & Agriculture: Venezuela and São Tomé and Príncipe marked 20 years of ties, with Angola-based talks highlighting cooperation opportunities in education and agriculture.

Chevron Angola Update: Chevron confirmed an oil and gas condensate discovery at the 105-4X exploration well in offshore Block 0, hitting a 600+ metre column and 90+ metres of net pay in the Pinda reservoir, with plans to assess a tie-back to nearby facilities. Energy Investment & Policy: The Nigerian Economic Summit Group named Chevron Nigeria CEO Jim Swartz to its board as Nigeria pushes for stronger energy investment and competitiveness. Critical Minerals Finance: The US DFC committed $62.8m to rare-earth projects across Malawi, Angola, Madagascar and South Africa, noting private investors still stay cautious despite growing demand. Local Content Shift: AEW 2026 will spotlight how African local-content rules are moving from jobs and procurement toward building domestic industrial capacity and better compliance, with Angola among the markets showing the trend. Logistics & Air Cargo: TAAG Angola transported two adult lions from Johannesburg to Lagos via Luanda’s NBJ cargo terminal, highlighting Angola’s role in regional specialized freight routes. Environment & Water: Angola’s peatlands are found to be at least four times larger than first thought, supporting major river flows and storing carbon.

Offshore Oil & Gas: Chevron says it has struck oil and gas condensate in Angola’s Block 0, with a column over 2,000 feet and more than 300 feet of net pay, and will now assess tie-ins to existing facilities to cut costs and speed development. Critical Minerals Finance: The US DFC is backing rare-earth projects in Malawi, Angola, Madagascar and South Africa with $62.8m committed, but admits private investors still avoid the sector until risks are reduced. Regional Industry Push: SADC leaders endorsed a drive for resilient industrialisation via infrastructure, agricultural transformation and critical minerals, with Namibia flagging mining, energy, green hydrogen and oil-and-gas links as priorities. Cyber Risk for Business: Check Point reports cyber attacks up 16% year-on-year in July, with ransomware nearly doubling; Angola is highlighted among the hardest-hit African countries. Circular Economy in Practice: Ethiopia has moved into active implementation of the African Circular Economy Facility, while Angola and others are preparing national roadmaps. Energy & Trade Logistics: A corridor-focused view argues Africa’s infrastructure gap keeps logistics costs high and blocks manufacturing competitiveness, pushing for cross-border networks to unlock trade.

Angola Oil & Gas: Chevron confirmed a new oil and gas condensate discovery in Block 0 offshore Angola at the 105-4X well, reporting a >600m condensate column and >90m net pay, with plans to assess tie-back development using nearby facilities. Angola Industry & Trade Corridors: A think tank urged Rwanda to plug into the expanding Lobito Corridor, linking Angola’s Lobito port to mineral-rich areas in Congo and Zambia, as the project aims to deepen supply chains across minerals, agriculture, energy and manufacturing. Regional Industrial Push (SADC): President Netumbo Nandi-Ndaitwah backed a SADC summit agenda focused on resilient industrialisation, infrastructure, agricultural transformation and critical minerals, with Ramaphosa elected chair and Zambia set to take over next. Cybersecurity for Media: A Ghana cybersecurity expert warned journalists to harden digital practices as cyber threats rise, including phishing, account takeovers and ransomware—an issue that can hit Angola’s information and business environment too. Energy Market Context: Commentary on LNG growth highlights Angola among African countries positioned to benefit from new 2026–2028 gas capacity, but stresses the need for better digital coordination to avoid project complexity. Maritime & Supply Chains: Analysis notes offshore diversification is increasingly important as Strait of Hormuz risks threaten fuel flows, with implications for Angola-linked shipping and logistics.

Offshore Oil & Gas: Chevron confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0 offshore Angola, hitting a Pinda reservoir with a column over 600m and more than 90m of net pay, and now weighing development via a tie-back to nearby facilities. Pipeline Integrity Tech: PipeSense expanded offshore leak detection after deploying its PipeScan pressure-pulse system to pinpoint obstructions on two Angola offshore pipeline networks without interrupting operations. Energy Integration: The African Energy Chamber backed calls for an integrated regional energy network, aligning with SADC leadership on energy security through cross-border cooperation rather than isolation. Trade & Finance Rails: Standard Bank’s CIPS-enabled RMB settlement services reportedly expanded to Angola, alongside broader moves to cut transaction costs and deepen China-linked trade settlement infrastructure across Africa. Cyber for Media: A cybersecurity expert urged journalists to harden digital practices as phishing, account takeovers, malware and ransomware rise, warning that compromised devices and contacts can endanger sources.

Offshore Oil & Gas (Angola): Chevron confirmed a new oil and gas condensate discovery at well 105-4X in offshore Block 0, hitting a hydrocarbon column over 2,000 feet in the Pinda reservoir with more than 300 feet of net pay; the company says it will assess a tie-back to nearby facilities to speed development and cut costs. Energy Security & Regional Integration: The African Energy Chamber backed calls for an integrated regional energy network, aligning with SADC leadership messaging that industrialisation and energy security can’t be achieved in isolation. Trade & Industry (SADC/US): The US Senate moved to extend AGOA to 2028, preserving key apparel preferences and keeping Angola among eligible sub-Saharan partners with more certainty for exporters. Mining & Infrastructure (Lobito Corridor): An Indian think tank urged Rwanda to secure a place in the expanding Lobito Corridor, linking mineral supply chains with manufacturing, agriculture, energy and logistics. Agri-Livestock (Southern Africa): Livestock reporting points to broad-based growth in 1H 2026, with stronger cattle and sheep marketing, higher live exports, and rising beef exports alongside value-add gains in hides and leather. Maritime Supply Chain Risk: Red Sea and Hormuz tensions are again raising shipping disruption risks that could lift freight costs and insurance for trade routes feeding Europe and beyond.

Offshore Oil & Gas: Chevron confirmed a major oil and gas condensate discovery offshore Angola in Block 0, with a hydrocarbon column over 2,000 feet and more than 300 feet of net pay in the Pinda reservoir; the company will assess tying the find into nearby existing facilities to speed development. Exploration Updates: ReconAfrica reported preliminary testing progress at Kavango West 1X in Namibia, flowing gas and potential liquids to surface from multiple Huttenberg zones and moving toward open-hole horizontal production testing—another signal of regional upstream momentum. Regional Industrialisation & Trade: SADC leaders meeting in Durban backed a regional tourism visa and put critical minerals, infrastructure and agricultural transformation at the centre of a new industrialisation push, with South Africa’s Ramaphosa set to lead the next cycle. Critical Minerals Strategy: Southern African officials urged countries to process critical minerals domestically instead of exporting raw ore, aiming to capture more value in local manufacturing and jobs. Infrastructure for Integration: The AfDB approved financing to support Zambia’s participation in the Lobito Corridor, linking Angola’s Lobito port to the DRC and Copperbelt via new rail and corridor foundations. Cyber Risk in Angola: Check Point data flagged Angola as among the hardest-hit African countries for weekly cyber attacks, with energy and government among the most targeted sectors.