AGP Executive Report

Digital Economy & Innovation: Angola’s ANGOTIC 2026 opened in Luanda with the telecom and tech agenda front and center, as Minister Mário Oliveira said the forum is driving a more diversified, inclusive, knowledge-based economy and highlighted priorities like industrial automation, AI with space tech, drones, and satellite images. Connectivity & Satellite Services: Telecom Namibia signed an agreement with Angola’s GGPEN to test Angosat-2, aiming to pilot satellite-enabled connectivity for remote communities, farms, schools, mining sites and tourism operators before a commercial launch. Trade & Investment Links: The Philippines’ honorary consul in Luanda said Manila wants to expand trade with Angola, pointing to complementarities in food, industrial equipment, construction materials, minerals, oil, agriculture and fisheries. Water Infrastructure Finance: PROÁGUA’s Angola water program received TXF “Deal of the Year 2025” recognition for a €200m export and project finance structure supporting clean-water access at national scale. Tourism & Conservation Diplomacy: Angola’s tourism ministry participated in KAZA TFCA talks, where ministers commended regional efforts tied to tourism growth and conservation across Angola, Botswana, Namibia, Zambia and Zimbabwe. Security & Cyber Risk: Check Point reported Angola among the most targeted countries in Africa, warning that ransomware and AI-enabled threats are rising and that prevention-first security is now essential.

Digital & Telecom: Angola’s ANGOTIC 2026 opened in Luanda with the telecom ministry stressing the forum’s role in a modern, knowledge-based economy, highlighting priorities like telemedicine, drones, satellite imagery, AI tied to space tech, and industrial automation. Connectivity Expansion: Telecom Namibia signed an agreement with Angola’s GGPEN to test Angosat-2, aiming for a pilot commercial trial that could extend satellite-enabled services to remote communities, mining, farms and schools. Regional Trade: The Philippines’ honorary consul in Luanda said trade with Angola is still modest but has room to grow, pointing to food products, industrial equipment and construction materials as key exports and to Angola’s minerals, oil, agriculture and fishing as demand drivers. Water Infrastructure Finance: PROÁGUA’s €200m water program financing won TXF “Water Export Finance Deal of the Year 2025,” backing Angola’s push for clean, reliable water at scale. Mining & Supply Chains: Angola’s role in the Lobito Corridor gets a boost as DRC copper anodes reach Europe via the corridor, reinforcing mine-to-market logistics for Central African minerals. Youth & Jobs: Angola reaffirmed youth productive inclusion through initiatives like youth beekeeping in Moxico, alongside training and equipment support.

Luanda Tourism Payments: Angola’s Ministry of Tourism and Visa initialed an MoU to make Visa card payments easier across hotels, restaurants, travel agencies and online tourism services under the “Visit Angola – The Rhythm of Life” brand. Youth & Jobs in Moxico: Angola’s Secretary of State for Youth launched “Promotion of youth beekeeping” in Cazombo, delivering computer kits and starting training for about 200 beekeepers to back youth cooperativism and micro-enterprises. Mining Crackdown in Huila: The government will tackle illegal mining in Huila by reorganizing concessions, sending technical teams to hotspot municipalities, and using field diagnosis to set structural solutions. Capital Markets Boost: BODIVA trading volume jumped 123% in Q1 to 2.9 billion kwanzas, with debt instruments dominating activity and market capitalization rising 203%. Angola-Serbia Deal Push: President João Lourenço wrapped up a Serbia visit that produced 10 legal instruments across finance, transport, environment, agriculture, industry, ICT and investment protection, aiming to pull in more private capital. Agriculture Diplomacy: Josefa Sacko urged stronger international cooperation for resilient agri-food systems as she pursued a FAO leadership bid. Culture & Industry: Luanda hosted the third Art, Tourism and Culture Fair, positioning the city as a regional hub for creative exchange and cultural tourism.

Mining & Compliance: Angola will implement integrated measures to tackle illegal mining in Huila, including reorganising concessions, technical assessments in the most affected municipalities, and field teams to diagnose exploration areas before joint state action. Capital Markets: Trading volume on Angola’s BODIVA jumped 123% in Q1 2026 to 2.9 billion kwanzas, with non-adjustable treasury bonds leading transactions and market capitalization rising 203% year-on-year. Tourism Payments: Angola’s Ministry of Tourism and Visa initialed an MoU to expand Visa card acceptance across hotels, restaurants, travel agencies and online tourism services under the “Visit Angola” brand push. Energy & Trade Links: Indonesia is diversifying crude imports toward Africa amid Strait of Hormuz tensions, naming Angola among key partners, while a sanctioned Chinese refiner reportedly secured West African crude to exit a U.S. blacklist. Diplomacy for Industry: President João Lourenço wrapped up a Serbia visit that produced ten agreements across finance, transport, environment, agriculture, industry and commerce—aimed at pulling in private investment. Youth & Livelihoods: Angola reaffirmed youth inclusion through productive cooperatives and micro initiatives, highlighted by a beekeeping promotion project in Moxico Leste.

ANGOTIC 2026 Media Push: Ahead of the Angola ICT forum, the NBC visited TPA to explore deeper cooperation in news gathering, content sharing and technical support, as TPA upgrades to HD and modern infrastructure for the digital era. Capital Markets Momentum: Luanda’s BODIVA trading volume jumped 123% year-on-year in Q1 2026 to 2.9 billion kwanzas, with market cap up 203% to 4.7179 trillion kwanzas, led by treasury bonds. Labor Mobility Talks: Angola’s labour minister met IOM in Geneva to advance legal, safe pathways for labor migration, including the MOVER project targeting jobs in Portugal’s construction, agriculture, industry and hospitality sectors. Oil & Gas Deal Update: Energean’s planned purchase of Chevron stakes in Angola blocks hit a snag as a joint-venture partner sought pre-emption rights, adding conditions around operator proof and a new sale agreement. Energy STEM for Youth: ExxonMobil and NBA Africa ran a Luanda STEM showcase and Jr. NBA clinic reaching 100 students, expanding the program’s Luanda and Icolo e Bengo school footprint. Angola-Serbia Trade Framework: President João Lourenço’s Serbia visit produced 10 legal instruments spanning finance, transport, environment, agriculture, ICT and investment, including double-tax relief and investment protection. Industry & Innovation Platform: Angola’s ANGOTIC 2026 (11–13 June) is positioned as a major stage for startups, digital governance debate and private investment to drive digital transformation.

Angola-Serbia Economic Push: President João Lourenço wrapped up a Belgrade visit by backing a new phase of Angola–Serbia ties, after signing 10 legal instruments covering finance, transport, environment, agriculture, private investment, ICT and export promotion, with both sides also discussing a direct air link to Luanda to boost trade and tourism. Capital Markets Momentum: Angola’s BODIVA saw trading volume jump 123% in Q1 to 2.9 billion kwanzas, with market capitalization up 203% year-on-year, led by treasury bonds. Labor Mobility Talks: Angola’s labor minister met IOM in Geneva to advance legal, safe pathways for labor migration, including the MOVER project targeting jobs in Portugal’s construction, agriculture, hotel and industry sectors. Energy & Oil Sector Deal Watch: Energean’s planned purchase of Chevron stakes in Angola blocks hit a pre-emption roadblock involving JV partner Etu Energias, adding conditions around operator proof in deepwater. STEM and Youth Skills: ExxonMobil and NBA Africa ran a Luanda STEM showcase and Jr. NBA clinic reaching 40 schools and 50,000 youth since launch. Digital Innovation Forum: ANGOTIC 2026 (June 11–13) is set to spotlight digital transformation, startup innovation and investment across Africa.

Angola–Serbia Economic Push: President João Lourenço’s visit to Belgrade is set to translate long-standing ties into business deals, with 10 cooperation agreements covering double taxation relief, reciprocal investment protection, air services and cooperation in agriculture, environment, and ICT—aimed at boosting private capital flows. Oil & Gas Deal Tension: London-listed Energean’s planned purchase of Chevron stakes in Angola’s offshore Block 14 and 14K faces a roadblock as joint-venture partner Etu Energias seeks pre-emption rights, potentially reshaping the transaction timeline. Energy Skills for Luanda Youth: ExxonMobil and NBA Africa ran an interactive STEM showcase and Jr. NBA clinic at IPIL in Luanda, reaching 100 youngsters and building on a season that spans dozens of schools and tens of thousands of participants. Methane Cuts in Focus: Angola’s environment ministry reiterated its methane-reduction drive for oil and gas, pointing to PLANAREM and updated climate governance as key tools for near-term emissions cuts. Manufacturing Incentives Watch: Angola reported a sharp rise in fiscal incentives for the economy (to 2.98 trillion kwanzas by 2024), with most waivers tied to imports of food and raw materials and support for local manufacturing.

Angola–Serbia Economic Push: Angola’s President João Lourenço met Serbia’s leaders in Belgrade, with both sides stressing that trade and investment must catch up with strong political ties; ten economic agreements are set to be signed, including deals on avoiding double taxation and protecting investments, while cooperation priorities include agriculture, food industry, ICT, higher education, and a possible direct air link to Luanda. Investment Incentives Watch: Angola reported a sharp rise in fiscal incentives for the national economy—from 184.2 billion to 2.98 trillion kwanzas (2018–2024)—with most waivers tied to non-oil support for importing food and raw materials and boosting manufacturing. Oil & Gas Climate Agenda: Angola’s environment ministry reiterated methane reduction as a near-term climate priority, pointing to PLANAREM and methane cuts across oil and gas, agriculture, waste and energy. Mining Project Progress: Pensana says construction of its Longonjo rare-earth mine in Angola is on track for commissioning in 2027, with key processing and heavy rare-earth recovery work advancing. Regional Finance Spotlight: The Africa Financial Summit (AFIS) is set to move to Luanda in November, highlighting Angola’s role in Southern Africa’s financial integration and cross-border infrastructure momentum.

Angola–Serbia Deal Push: President João Lourenço’s three-day visit to Belgrade is set to unlock ten economic cooperation agreements, including double-taxation and investment protection instruments, with a business forum aimed at expanding Serbian investment in Angola. Climate & Oil-Gas Accountability: Angola’s environment minister reiterated methane cuts as a near-term climate priority, pointing to PLANAREM and stronger monitoring and governance across oil and gas, agriculture, waste and energy. Tax Incentives Watch: Angola reported fiscal incentives rising from 184.2 billion to 2.98 trillion kwanzas (2018–2024), with waivers now weighing heavily on non-oil imports and manufacturing support—while raising concerns about foregone revenue for health, education and public investment. Energy Market Signals: LNG demand is slowly recovering in Asia as China returns to the market, while Atlantic Basin exports remain resilient but utilization is easing with seasonal maintenance. Mining & Rare Earths: Pensana says Longonjo mine construction in Angola is on track for 2027 commissioning, with heavy rare-earth recovery optimization targeting dysprosium and terbium output. STEM for Industry Skills: ExxonMobil and NBA Africa ran an Angola STEM showcase and junior clinic for youth in Luanda, reinforcing the pipeline for future engineering and technical talent. Regional Finance Integrity: SADC finance officials urged stronger anti–money laundering and counter-terror financing cooperation, citing vulnerabilities from external shocks affecting trade, food security and energy stability. Forced-Labor Trade Pressure (US): The USTR proposed Section 301 tariffs of 10%–12.5% on imports from 60 economies over forced-labor enforcement gaps, with comments and a public hearing scheduled for early July.

Rare Earth Mining Progress: Pensana says Angola’s Longonjo mine construction is 22% complete, with $36m already spent and long-lead equipment procurement well advanced, targeting first mixed rare earth carbonite commissioning in 2027 and heavy rare earth output (dysprosium/terbium) above 122 t/y. Energy & Gas Logistics: Atlantic Basin LNG remains the backbone of global supply after Middle East disruptions, but utilization dipped to about 80% by late May as seasonal maintenance cut exports from 18.5 mt (March) to 17.7 mt (May). Angola Agriculture & Jobs: Angola’s agriculture sector is put at ~20% of GDP, supporting non-oil growth alongside oil’s ~15% contribution, with Q1 2026 growth cited at 5.32%. Environment Watch: Angola’s environment minister flags climate change, soil degradation, deforestation, biodiversity loss and waste management as key risks, pushing circular economy and stronger climate action. Maritime Capacity Building: Nigeria will host a port state control workshop for 22 West and Central African countries, aiming to strengthen maritime governance and safety standards. Startup & Tech Linkages: The 929 Challenge expands into AIE Expo Macao 2026 with a new acceleration programme to help startups enter the Greater Bay Area market.

Angola’s Economy Mix: Angola’s agriculture is estimated at about 20% of GDP, while oil still weighs heavily—over 90% of exports—supporting the country’s 5.32% growth in Q1 2026, even as oil’s share gradually declines. Diamond Market Management: Endiama says Angola will cut rough supplies of small sizes for the next three months to avoid flooding the market and protect prices, with possible extension if needed. Mining Demand Push: De Beers is stepping up its “Desert Diamonds” campaign to boost natural diamond demand and differentiate from synthetics, spotlighting producers including Angola. Energy & LNG Disruption: India’s LNG imports recovered toward pre-war levels, with Angola among key suppliers, as Middle East shipping disruptions reshape global gas flows. Tech for Industry: Smart Hands Africa was appointed an authorised Supermicro services partner, expanding post-sales support across multiple African territories including Angola. Environment & Waste: Angola marked World Environment Day with warnings on climate risks and, in Uíge, discussions on implementing the national plan to eliminate single-use plastics. Space STEM for Youth: Luanda’s “Luanda to the Universe” drew 300+ children to build space-engineering prototypes, nudging careers toward science and engineering.

Angola Economy & Agriculture: Angola’s agriculture is said to contribute about 20% to GDP, while oil still drives exports (over 90%) and foreign currency; the economy grew 5.32% in Q1 2026 as non-oil sectors expand. Environment & Waste: Angola’s environment minister flagged climate change, soil degradation, deforestation, biodiversity loss and weak waste management, while Uíge hosted World Environment Day talks on cutting single-use plastics. Energy & LNG Supply: India’s LNG imports rebounded to pre-war levels, with Nigeria, Oman and Angola among key suppliers as Strait of Hormuz disruptions reshuffled cargo flows. Mining & Diamonds: Endiama says Angola will reduce rough diamond supply in small sizes for the next three months to protect market value amid a glut risk. Technology & Infrastructure Services: Smart Hands Africa was appointed an authorised Supermicro services partner, including support and installation across Angola and other African markets. Diplomacy for Industry: Angola was elected to the UN ECOSOC for 2027–2029, while Luanda also highlighted deepening ties with Oman and Ethiopia.

LNG & Energy Security: India’s LNG imports rebounded in May after Middle East disruptions, with Angola listed among key suppliers as New Delhi kept gas flowing for city distribution, fertiliser, power and industry. Environment & Circular Economy: Angola’s Environment Minister warned that climate change, soil degradation, deforestation, biodiversity loss and weak waste management are pressing risks, pairing policy push with World Environment Day tree planting. Oil & Investment Signals: Russia’s oil output drop under OPEC+ curbs is set to be offset by major investment plans, while Angola is also referenced in the shifting OPEC+ landscape. Mining & Diamond Market Management: Endiama says Angola will cut rough supply of small diamonds for the next three months to protect prices and the market, as De Beers ramps up “Desert Diamonds” demand efforts. Agriculture & Productivity: EU-backed RE-FARM results show maize productivity gains in Benguela and Cuanza-Sul, with lessons meant to feed future rural development policy. Trade & Finance: Afreximbank named a new Southern Africa director, covering Angola among other markets, as the bank expands regional project financing. Bilateral Cooperation: Angola and Oman reaffirmed cooperation in energy, commerce and investment after a presidential meeting in Luanda.

Agriculture & Growth: Angola’s agriculture sector is estimated at about 20% of GDP, while oil still drives over 90% of exports, as the economy grew 5.32% in Q1 2026—showing diversification progress but continued dependence on crude. Diamond Market Management: Endiama says Angola will cut rough diamond supply in small sizes for the next three months to avoid flooding the market and protect prices, with Catoca and Luele expected to reduce availability. Energy Investment Outlook: The African Energy Chamber is set to spotlight Africa’s energy opportunities for Israeli stakeholders, pointing to a new upstream oil and gas investment cycle and a major power-access gap across the continent. Tech & Infrastructure Services: Smart Hands Africa was appointed an authorised Supermicro Services Partner, expanding installation, maintenance, and break-fix support across multiple African territories including Angola. Trade & Regional Integration: Swakopmund’s AfCFTA push highlights how cities, logistics, and industrial links can unlock intra-African trade—relevant for Angola’s export and supply-chain planning. Angola–Oman Ties: Angola and Oman reaffirm cooperation in political-diplomatic, energy, and investment areas after a Luanda meeting with Oman’s special envoy.

University & Skills: Afretec (Carnegie Mellon University Africa) welcomed Addis Ababa Science and Technology University as its 10th partner, expanding a pan-African push for tech collaboration, youth pathways and policy change. Energy Market Pressure: Consultancy Poten & Partners warns LNG demand could erode as Middle East disruptions cut supply—Qatar outages and Strait of Hormuz restrictions may remove tens of millions of tonnes in 2026-27, reshaping global gas availability. Oil & Gas Operations: Saipem lifted a new gas recovery module onto the DP4 platform at Libya’s Bouri field, supporting gas treatment integration and aiming to eliminate flaring by 2030. Diamonds & Market Management: Angola’s Endiama plans to reduce rough diamond supply in small sizes for the next three months (Catoca and Luele) to protect value and avoid a glut in sub-1 carat polished stones. Tech Services Expansion: Smart Hands Africa became an authorised Supermicro services partner, offering installation, break-fix and maintenance across multiple African markets including Angola. Agriculture & EU-backed Results: Angola’s RE-FARM project reported a jump in maize productivity (to 35%) in Benguela and Cuanza-Sul, with EU financing and agr-ecology training feeding into new rural policy ideas. Environment Policy: Uíge marked World Environment Day with debates on plastic bag impacts and rollout of Angola’s plan to phase out single-use plastics. Trade & Compliance Risk: The U.S. Section 301 forced-labour probe is moving toward tariffs that could hit Angola among other economies, raising supply-chain and export-cost pressure.

Diamond Market Management: Angola’s Endiama says it will “substantially reduce” rough diamond supply in small sizes from Catoca and Luele for the next three months to avoid a market glut and protect value. Natural Diamond Demand Push: De Beers is intensifying its “Desert Diamonds” campaign to boost consumer demand for natural stones and differentiate them from synthetics, a move with direct relevance for Angola and other producers. Regional Diamond Finance Talks: Botswana says it is in talks with the UAE and Oman to buy a strategic stake in De Beers, aiming for more control over pricing and marketing as rough prices pressure national revenues. Agribusiness Productivity: EU-backed RE-FARM results show maize productivity rising from 6% to 35% in Benguela and Cuanza-Sul, with agr-ecology and soil fertility gains feeding into new rural policy ideas. Tech & Infrastructure Services: Smart Hands Africa becomes an authorised Supermicro Services Partner, expanding installation, break-fix and maintenance support across Angola and other African markets. Trade, Compliance & Tariffs: The U.S. proposes Section 301 tariffs tied to forced-labour enforcement, listing Angola among affected economies—raising new export-cost risks for regional manufacturers. Finance for Trade: Afreximbank appoints Peter Adeshola Olowononi as Southern Africa director of regional operations, covering Angola and 12 other markets.