The move aligns with AFC’s mission to drive local participation in Africa’s energy sector, with Etu Energias serving as the largest indigenous independent in Angola.
Ivanhoe Mines has signed a mining investment contract for copper exploration in Angola’s Moxico and Cuando Cubango provinces.
The Luele Diamond Mine will boost Angola’s diamond production and revenue generation from the mining sector.
Having received approval, the agreement is scheduled for completion by the end of 2023.
Swiss multinational SGS plans to expand and diversify its presence in Angola, targeting new investments in mining and agriculture.