AGP Executive Report
Last update: 8 hours agoFinance: At the Africa Financial Summit in Luanda, AfDB President Sidi Ould Tah warned that slow access to capital is costing jobs and called for closer coordination among African lenders. Dangote Group is exploring ways to extend access to its $1.6bn refinery IPO through African exchanges, though differing regulations remain a hurdle. Energy: Baker Hughes has opened a mature-fields solutions network with a hub in Angola, while Seadrill’s Sonadrill joint venture secured a three-year extension for the Sonangol Libongos rig, keeping it working into 2030. Offshore: Yinson Azalea raised $1.45bn through a bond offering to refinance the Agogo FPSO, which operates offshore Angola under a 15-year contract. Shipbuilding: EDGE launched the second of three corvettes for the Angolan Navy at its Abu Dhabi yard, marking the first vessel of the class built in the UAE under a €1bn contract.
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