AGP Executive Report
Last update: 10 hours agoOffshore Energy Deal: Angola-based Etu Energias is set to acquire Chevron’s stakes in deepwater Blocks 14 and 14K offshore Cabinda, exercising pre-emption rights in a $260m cash deal plus contingent payments tied to future PKBB development, funded by a Shell-backed debt facility. Naval Tech Upgrade: ANAVIA has completed customer acceptance of six Swiss-made HT-100 Naval unmanned helicopters for the Angolan Navy, to be deployed two per ship across three BR71 MK II corvettes as part of a broader modernization push. Agriculture & Water Security: In Cunene, Angola is inaugurating the Ndúe and Calucuve dams under PCESSA, aiming to shift farmers from rain-fed seasonal production toward year-round irrigation. Food & Retail Expansion: Shoprite reported 12.2% earnings growth and announced acquisitions including Vida e Caffè, a coffee chain with outlets across Angola and the region, strengthening its convenience and QSR footprint. Humanitarian Pressure: Amnesty warns drought and El Niño conditions are driving Angolans into Namibia, with reports of overcrowding and forced deportations. Critical Minerals Finance: The U.S. DFC expanded rare-earth financing with a package that includes Angola, supporting supply-chain diversification beyond concentrated sources.
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