AGP Executive Report
Last update: 7 hours agoFinance in Luanda: At AFIS 2026, IFC signed a seven-year, $50 million loan with Nigeria’s Bank of Industry to expand MSME lending, with at least a quarter reserved for women-owned businesses. IFC and Access Holdings also partnered to grow trade finance across Africa. Climate Investment: Angola is among four countries set to benefit from the Africa Sovereign Climate Facility, announced at $690 million, for resilient infrastructure, energy, food and water projects. Energy: Sonangol and TotalEnergies agreed to cooperate on methane and flaring reductions. Sonadrill also secured a three-year extension for the Sonangol Libongos rig, keeping it in operation through 2030. Trade Links: Angola and Tanzania agreed to connect rail corridors linking the Atlantic and Indian Oceans, with potential to strengthen regional freight and trade.
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