Multichoice unveils new TV channels in Mozambique and Angola

SOUTH AFRICA – Pan-African entertainment company MultiChoice has further expanded its hyperlocal offering with the launch of two new TV channels – Maningue Magic and Kwenda Magic – for audiences in Mozambique and Angola respectively.The group’s long-established hyperlocal strategy is a multi-pronged, hybrid approach combining local content acquisition, local production, and the development of local content through international production partnerships. The…

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IFC and Carrinho Group partner to support agriculture in Angola

ANGOLA -The International Finance Corporation (IFC), a member of the World Bank Group and Carrinho Group, Angola’s biggest food processing company have launched a training program for tens of thousands of farmers and small and medium-sized enterprises (SMEs) engaged in Angola’s agriculture sector to help them increase productivity and more easily access markets. Through the program, IFC will help Carrinho…

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De Beers targets Angola’s reformed diamond sector

ANGOLA – World’s largest diamond producer De Beers Group, has applied to conduct exploration activities in north-eastern Angola following substantive and consistent reforms implemented by the country’s government that enable the country’s diamond endowment to “underpin transformative socioeconomic growth for local communities”. Following the mineral rights application submission, De Beers and the government of Angola will open discussions in an…

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Africell opens high-tech data center in Angola

ANGOLA – Mobile network operator Africell has taken another major step towards launching services in Angola by opening a data centre in Luanda, a facility resulting from substantial financial investment and will be the cornerstone of Africell’s network in Angola, providing a platform for a digital ecosystem for mobile users, entrepreneurs and innovators. “The opening of the data centre is…

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Total Eren joint venture with Sonangol & Greentech to build 35MW solar plant in Angola

ANGOLA – Renewable energy Independent Power Producer, Total Eren, has concluded an agreement with Angola’s state oil giant Sonangol, and energy company Greentech, to jointly develop the 35 MW Quilemba solar photovoltaic (PV) power plant in the Huila Province of Angola. According to the agreement, Sonangol will be acquiring a 30% interest in Quilemba Solar Lda (Quilemba Solar), while Total Eren and Greentech…

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Angola signs US$1.5b MoU on solar and water projects

ANGOLA – The government of Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and US-based company AfricaGlobal Shaffer to create the largest mini-grid energy project in Africa which is part of a US$1.5 billion project to be implemented by Sun Africa. The project is expected to cover the southern provinces of Cunene, Namibe, Cuando Cubango and Huíla…

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ANPG launches permanent offer program to increase oil and gas exploration in Angola

ANGOLA – Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has announced its efforts to increase oil and gas exploration at AOG 2021. The new permanent offer program will allow ANPG to negotiate the exploration of available petroleum-based resources throughout the year without the need for a tender announcement. The announcement was made at Angola Oil & Gas 2021, organized…

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Angola secures US$1.1b financing from World Bank for its mega Bita water project

ANGOLA – The government of Angola has secured a new US$1.1 billion financing package from the World Bank and the French Export Credit Agency to enable the completion of its’s mega Bita drinking water project. This is part of a US$1.1 billion financial transaction, consisting of a US$910 million loan from the World Bank through its subsidiary, the International Bank…

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SONANGOL accelerates divestment and explores novel financing solutions in response to energy transition

ANGOLA – Angola’s National Oil Company (NOC) Sonangol, has responded to the changing global financial landscape by accelerating its restructuring program and exploring new financial solutions that meet the requirements of today’s international debt market.   The current market is significantly impacted by considerations about energy transition, which has become a defining factor for most major oil and gas sector…

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Africell expedites launch of mobile services in Angola with Oracle

ANGOLA – Africell has selected Oracle Communications converged charging, policy, and billing solutions to help the fast-growing network operator to monetize its mobile services in Angola while providing an easy and intuitive experience for customers. “Africell is committed to establishing fast and reliable mobile connectivity in the local communities we serve,” said Younes Chaaban, Africell’s Chief Technical Officer. “As we…

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