AGP Executive Report

Energy Accountability: Angola’s energy and water policy circle is watching regional fallout as Kenya’s Senate issues a 60-day ultimatum to the DCI and DPP to wrap up a probe into three former energy officials accused of manipulating fuel stock data and buying an emergency cargo at inflated prices. Water Infrastructure: In Cunene, Angola says the Ndue and Calucuve dams are now completed, set to improve water security for 55,000 people and support agro-pastoral activity for about 60,000 head of cattle. Diplomacy & Trade: Gabon’s ambassador in Luanda pushes deeper economic ties with Angola beyond hydrocarbons—into security, training, agro-food, timber and industrial equipment—arguing current trade levels are far below potential. Diaspora Focus: Angola’s UK ambassador highlights the need to better capture diaspora skills in national statistics, urging engagement in sectors like tourism and agriculture. Insurance & Finance: ARSEG says Angola’s insurance and pension funds are consolidating and modernising, managing over Kz 2.25bn in assets and liabilities, with insurers’ total assets up 27% in 2025. Culture & Business: Expo-Cultura Angola is set to become an annual platform, with the first edition planned for November in Luanda to spur cultural enterprise and jobs. Oil & Gas: Chevron confirms a major offshore Angola discovery in Block 0, reporting an oil and gas condensate column over 600m and net pay above 90m, with potential tie-back development. NGO Governance: Angola’s social action ministry calls for a trust-based, accountable partnership model with NGOs, stressing clear rules, transparent supervision and measurable results. Regional Health Security: ECSA-HC launches a six-month Ebola prevention push along DRC border trade and migration corridors, including Angola, supported by World Bank funding. Tourism Investment Debate: A new review questions why Africa still attracts a small share of global tourism investment, pointing to visa, infrastructure and licensing barriers.

Aviation Disruption: A contaminated jet-fuel consignment has forced Discover Airlines flights from Namibia to Europe to stop in Luanda for refuelling, after Jet A-1 failed routine testing at Walvis Bay; Vivo Energy Namibia said the affected fuel did not meet specifications, and emergency supply arrangements are in place. Trade & Local Industry: Angola’s Executive moved to include maize on the list of “wide-consumption” goods to prioritise domestic production, with a new decree set to require licensed importers to import maize. Financial Sector: ARSEG says Angola’s insurance and pension funds market is strengthening, citing 2025 growth in assets and results, and plans to publish detailed 2025 market reporting in Q3 2026. Banking Strategy: Deloitte Angola argues banks must take a more strategic role in economic transformation by supporting credible business plans, technology adoption and SME access to finance. Culture & Business: Expo-Cultura Angola is set to become an annual platform to boost cultural business, jobs and sustainable ecosystem growth, with the first edition planned for November in Luanda. Regional Health Security: ECSA-HC launched a six-month Ebola preparedness push across 33 border points and 16 trade/migration corridors, including Angola, to strengthen detection and rapid notification. Energy Investment: Chevron confirmed a new oil and gas condensate discovery in Block 0 offshore Angola, with potential tie-back development to nearby facilities.

Insurance & Pensions: ARSEG says Angola’s insurance and pension market is consolidating and modernising, managing over Kz 2.25bn in assets and liabilities and growing insurer assets 27% in 2025. Culture & Trade: Angola’s Expo-Cultura Angola will run annually, with the first edition planned for November in Luanda to create business, jobs and a permanent cultural showcase. Banking for Diversification: Deloitte Angola argues banks must move closer to productive sectors by backing credible business plans, tech adoption and SME financing—not just credit growth. State Capacity & Sovereignty: Angola’s State Secretary for Veterans urges strategic state institutions to pair economic efficiency with protection of national sovereignty, including data networks as a defence line. NG Partnership Model: The Social Action ministry says government wants a trust-based, accountable framework with NGOs, with clear law, transparent supervision and measurable results for communities. Regional Health Security: ECSA-HC launches a six-month Ebola preparedness push across 33 DRC-linked border points and 16 trade corridors, supported by the World Bank, to strengthen early detection and cross-border reporting. Energy & Aviation Linkages: Namibia’s Jet A-1 fuel shortage and off-spec consignments have forced some flights to refuel via Angola, highlighting Angola’s role in regional fuel resilience. Oil & Gas (Angola): Chevron confirms a major oil and gas condensate discovery in Block 0 offshore Angola, targeting a tie-back to existing facilities. Cross-border Business: Namibia uses Expo Huila in Lubango to secure investment and trade partnerships, with a forum bringing together northern governors and Angolan counterparts. Infrastructure (Zambezi): Communities in Kongola-Mulangu are urged to support rehabilitation of a 22-km road stretch, with design and supervision consultants appointed.

Digital Banking Push: Banco BAI says it is scaling its innovation team fivefold to prepare for a new core banking system between 2027 and 2029, aiming to expand Angola’s digital banking reach. Oil & Gas Discovery: Chevron confirmed an oil and gas condensate discovery at the 105-4X well in Block 0 offshore Angola, with a 600m+ hydrocarbon column and plans to assess a tie-back to nearby facilities. Regional Health Security: ECSA-HC launched a six-month Ebola preparedness and response push across 33 border entry points along the DRC frontier, including Angola, using digital surveillance, isolation protocols and rapid lab transport. Aviation Fuel Disruption: Namibia’s jet fuel shortage linked to quarantined off-spec Jet A-1 from Vivo Energy Namibia has forced some Discover Airlines flights to reroute via Angola for refuelling. Local Content Agenda: The African Energy Chamber urged African governments to move beyond “listing companies” toward building real local skills and industrial capacity as hydrocarbon development expands. Trade Fair Momentum: Namibia’s 25th Ongwediva Annual Trade Fair opens with 487 exhibitors, including international participants from Angola and others, as security and logistics are reinforced for the anniversary event.

Ebola Preparedness: ECSA-HC has launched a six-month, World Bank-funded cross-border Ebola response along 33 priority entry points on the DRC border, equipping frontline teams with digital surveillance, isolation protocols, lab transport links and standardized screening across corridors that include Angola and other regional transit hubs. Aviation Fuel Disruption (Angola Link): Namibia’s jet fuel shortage, triggered by quarantined off-spec Jet A-1 from Walvis Bay and supplied by Vivo Energy Namibia, has forced Lufthansa-owned Discover Airlines to reroute some Windhoek–Europe flights via Angola for refuelling, raising connectivity and cost concerns. Energy & Local Content Push: The African Energy Chamber is urging African governments to move beyond “listing” local content toward building real domestic skills and industrial capacity, with Angola cited among markets reflecting the shift as the continent develops large hydrocarbon reserves. Oil & Gas Dealmaking: TechnipFMC delivered its first 7-in Subsea 2.0 horizontal christmas tree for Chevron’s Gorgon stage three in Australia, underscoring continued subsea investment momentum tied to major projects.

Oil & Gas Investment: Chevron confirmed a new oil and gas condensate discovery in Angola’s Block 0 at the 105-4X exploration well, reporting a 600m+ condensate column and 90m+ net pay, with plans to assess a tie-back to nearby facilities. Energy Finance: Standard Chartered arranged a €538m ECA-backed loan for Angola to expand Luanda’s potable water distribution under the Quilonga Grande Water System (phase 2). Aviation & Fuel Logistics: Namibia’s jet fuel shortage is disrupting Lufthansa’s Discover flights to Europe, with aircraft rerouted via Angola after a Walvis Bay fuel shipment failed quality checks. Policy & Governance: Angola’s new cybersecurity law is in focus as the country moves to tighten digital security rules. Regional Diplomacy: Venezuela and São Tomé and Príncipe marked 20 years of diplomatic ties in Luanda, with talks on education, agriculture, gender, culture and technical cooperation. Business Leadership: NESG appointed Chevron Nigeria/Mid-Africa chief Jim Swartz to its board, underscoring energy investment and private-sector-led growth.

Oil & Gas Investment: Chevron confirmed a new oil and gas condensate discovery in offshore Angola’s Block 0 (105-4X), hitting a column over 600m and more than 90m of net pay, with plans to assess a tie-back to existing facilities—another boost to Sub-Saharan exploration momentum. Water Infrastructure Finance: Standard Chartered arranged a €538m (about $630m) Afreximbank-backed loan for Luanda’s Quilonga Grande Water System phase 2, aimed at expanding potable water distribution in the Greater Luanda area. Local Energy/Trade Disruption: Lufthansa said a temporary fuel shortage at Windhoek’s Hosea Kutako airport is forcing some flights to reroute via Angola to refuel, highlighting how regional logistics can quickly affect airline operations. Governance & Public Spending Controls: Angola’s MPs warned accounting officers at technical and vocational colleges could face liability for spending without approved budgets, after Auditor-General findings showed gaps in itemised budgeting. Community & Philanthropy: Steuben County Community Foundation’s annual meeting highlighted $1.85m in donor giving and $70m in charitable assets, with grants supporting local projects—an example of how structured funding models can sustain community development.

Offshore Oil & Gas: Chevron confirmed an oil-and-gas condensate discovery in Block 0 off Angola, with a column exceeding 2,000 feet and more than 300 feet of net pay, and said it will assess whether nearby facilities can develop the find to cut costs and speed up output. Energy Tech & Integrity: PipeSense expanded its offshore capabilities after deploying PipeScan pressure-pulse technology off Angola to pinpoint obstructions on a 20-inch natural gas pipeline and a 16-inch crude/multiphase line, without disrupting normal operations. Banking Expansion Plans: Absa is weighing a return to Angola via a representative office and is also considering a merchant banking licence in Nigeria to diversify earnings beyond its current core markets. Critical Minerals Finance: The US International Development Finance Corporation backed rare-earth projects including Angola, committing about US$62.8m across Malawi, Angola, Madagascar and South Africa, while noting private investors still avoid the sector. Cybersecurity Pressure: Check Point reported a 16% year-on-year rise in global cyber attacks in July, with Angola among the hardest hit in Africa. Regional Trade & Industry: SADC leaders backed a push for industrialisation, infrastructure, agricultural transformation and critical minerals, with Namibia’s priorities tied to mining, energy and regional integration.

Chevron Angola Discovery: Chevron confirmed an oil and gas condensate find at the 105-4X exploration well in Block 0 offshore Angola, reporting a column exceeding 600 metres in the Pinda reservoir and more than 90 metres of net pay, with plans to assess tie-back options to nearby facilities. Angola Telecom Turnaround: State-owned Angola Telecom posted a net profit of AOA 14.2 billion in 2025, up sharply from AOA 233 million in 2024, driven by tighter cost control and operational optimisation. Cybersecurity Law: Angola’s National Assembly passed a new Cybersecurity Law to boost digital transformation while protecting essential networks, critical infrastructure and information systems. Banking Expansion Watch: Absa is weighing a return to Angola via a representative office and is also considering a merchant banking licence in Nigeria as it seeks to diversify earnings beyond its core markets. SADC Industrial Push: Angola’s President Netumbo Nandi-Ndaitwah backed a SADC agenda focused on industrialisation, infrastructure, agricultural transformation, critical minerals and regional trade integration. Cyber Threats: Check Point says ransomware incidents nearly doubled in July 2026, with Angola among the hardest-hit African countries by weekly attacks.

Oil & Gas Investment: Chevron confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0 offshore Angola, with a column exceeding 600m and more than 90m of net pay, and says it will assess development via nearby infrastructure tie-backs. Banking & Finance: Absa is weighing a return to Angola via a representative office and is also considering a merchant banking licence in Nigeria as it pushes to diversify earnings beyond its core markets. Telecom & Regulation: Angola Telecom reported a sharp profitability turnaround in 2025, while Angola’s National Assembly passed a new cybersecurity law to protect public and critical systems. Offshore Tech: PipeSense expanded offshore pipeline leak detection after deploying its PipeScan pressure-pulse technology on Angola-linked pipeline networks to pinpoint obstructions without disrupting operations. Trade Policy: The US Senate moved to extend Agoa to December 2028, keeping preferential access for eligible sub-Saharan exporters including Angola. Energy Security: A broader regional push for integrated energy networks gained momentum as African energy leaders backed cross-border cooperation to support industrialisation and power security.

Chevron Angola Update: Chevron says it has found an oil and gas condensate discovery at the 105-4X well in offshore Block 0, with a hydrocarbon column over 600m and more than 300m of net pay, and plans to assess development via a tie-back to nearby facilities. Cybersecurity Push: Angola’s National Assembly has passed a new Cybersecurity Law to strengthen digital resilience, protect essential networks and critical infrastructure, and support digital transformation across public administration and the economy. State Firm Turnaround: Angola Telecom reported a sharp profitability rebound in 2025, delivering net profit of AOA 14.2bn after cost control and operational optimisation. Trade Certainty for Southern Africa: The US Senate moved to extend the African Growth and Opportunity Act (Agoa) to December 2028, preserving key apparel preferences and offering exporters more planning certainty. Energy Integration Call: The African Energy Chamber backed a more integrated regional energy network, arguing Southern Africa can’t achieve energy security and industrialisation while excluding regional partners. Lobito Corridor Angle: An Indian think tank urged Rwanda to secure a place in the expanding Lobito Corridor as mineral wealth and manufacturing ambitions scale up.

Oil & Gas: Chevron says it has struck a major oil and gas condensate discovery offshore Angola in Block 0, hitting a hydrocarbon column of more than 2,000 feet and over 300 feet of net pay in the Pinda reservoir, with plans to assess tie-back to nearby infrastructure to speed development and cut costs. Regional Integration: At the SADC summit in Durban, leaders backed a regional tourism UNIVISA and pushed an industrialisation agenda focused on infrastructure, agricultural transformation and critical minerals, with South Africa’s Ramaphosa set to lead the next cycle. Industrialisation & Trade Corridors: The African Development Bank approved US$255m for Zambia’s participation in the Lobito Corridor, linking Angola’s Port of Lobito to the DRC and the Copperbelt via 550km of new railway, aiming to unlock trade, investment and jobs. Energy & Power Reliability: A commentary argues Southern Africa’s real bottleneck is transmission, not generation, warning that unreliable power still blocks mining, agriculture, industry and digital growth. Agribusiness & Food Security: Zimbabwe’s Zadzamatura highlights drought-tolerant germplasm and climate-smart agronomy as El Niño risks threaten the 2025/26 season across the region.

SADC Summit Fallout (Migration): South Africa’s anti-migrant “March and March” movement plans to march and picket outside the 46th SADC summit in Durban, demanding stricter visa controls, asylum reviews, action against employers hiring undocumented workers, and limits on access to public services for undocumented migrants. Critical Minerals Push (Regional Value): Southern African leaders meeting in Durban urged countries to process critical minerals domestically to turn raw exports into jobs and industry, echoing Ramaphosa’s “export ore, import battery” warning. Energy & Power (Grid vs Supply): A new argument for the region: Southern Africa’s real bottleneck is transmission, not generation, with surplus capacity stranded while industrialisation and mining need reliable electricity. Transport & Trade (Lobito Corridor): The AfDB approved a US$255m loan plus a US$10m grant to back Zambia’s participation in the Lobito Corridor, aiming to link Angola’s port to the Copperbelt and DR Congo via new rail and upgraded roads. Oil & Gas (Namibia/ReconAfrica): ReconAfrica reported preliminary gas and potential liquids flowing to surface from the Huttenberg formation at Kavango West 1X, clearing the way for open-hole horizontal testing. Cyber Risk (Angola): Check Point data shows Angola among the hardest-hit African countries, with 5,714 weekly cyber attacks per organisation in July 2026.

Angola–Namibia Human Stories: Angolan children selling spoons in Windhoek keep returning despite extreme poverty, highlighting how cross-border hardship and weak protection systems keep informal street trade alive. Capital Markets Compliance: Nigeria’s SEC ordered capital market operators to cut correspondent banking and restrict dealings tied to North Korea and Iran, citing FATF anti-money laundering and counter-terrorism financing guidance. Fuel Supply Risk Watch: Repeated attacks around the Strait of Hormuz are raising freight, insurance and domestic fuel-price risks for import-dependent African economies. Regional Integration Agenda: South Africa is set to take over the SADC chair as leaders meet in Durban, with migration, trade, critical minerals, industrialisation and security on the table. Energy & Finance Trends: Africa’s growing use of China’s yuan payment rails (CIPS) signals a push to reduce dollar dependence, with implications for trade settlement and banking links. Logistics Spotlight: TAAG Cargo transported live lions from Johannesburg to Lagos via Luanda, underlining Angola’s role as a specialised air-cargo gateway.

Capital Markets Clampdown: Nigeria’s SEC ordered capital market firms to suspend dealings with financial institutions tied to North Korea and Iran, including cutting correspondent banking links, citing FATF-linked money laundering and terrorism-financing risks. Regional Integration Watch: South Africa is set to take over the SADC chair as leaders meet in Durban, with migration, trade, critical minerals, industrialisation and security on the agenda. Oil Supply Risk: Fresh attacks on UAE-linked oil vessels in the Strait of Hormuz are raising fuel-supply concerns for import-dependent African economies. Energy & Finance Shift: Africa’s growing use of the Chinese yuan via CIPS is gaining momentum, with banks and even tax/royalty flows in yuan linked to Chinese mining activity. Angola Offshore Update: TechnipFMC won a “significant” flexible pipe contract for Azule Energy’s West Hub Tails project offshore Angola. Logistics Spotlight: TAAG Cargo transported two live lions from South Africa to Nigeria via Luanda, highlighting Angola’s cargo terminal capabilities. Health Systems: A World Bank-backed programme in Eastern and Southern Africa is training frontline health workers to strengthen chronic disease surveillance alongside outbreak response.

SADC Chairship Push: South Africa is set to take over the SADC chair at the Aug. 17 summit in Durban, with migration, trade, critical minerals, industrialisation and security on the agenda, and a push to turn regional commitments into practical outcomes. Regional Migration Pressure: Ahead of the summit, South Africa’s anti-immigrant protests are disrupting immigrant traders’ livelihoods, with legal traders still being blocked from trading at key sites. Capital Controls on Sanctions: Nigeria’s SEC has ordered capital market firms to cut correspondent banking and restrict dealings tied to North Korea and Iran (and Myanmar), citing FATF-linked anti-money laundering and counter-terrorism financing risks. Angola Energy Contract: TechnipFMC won a “significant” flexible pipe contract for Azule Energy’s West Hub Tails project offshore Angola, supporting consolidation into the Agogo FPSO. Crypto for Remittances: South Africa’s draft crypto rules could let authorised providers use crypto in the background to settle some cross-border remittances, without customers holding crypto. Oil-Route Risk: Two ADNOC tankers were attacked in the Strait of Hormuz, renewing concerns for shipping and energy security.