Pan-African financial institution the African Export-Import Bank (Afreximbank) is bringing strategic financing solutions to the Angola Oil & Gas (AOG) Conference & Exhibition through a dedicated Local Content Forum designed to mobilize capital for Angolan companies. The platform will provide local entrepreneurs and businesses with an opportunity to engage directly with African business leaders who have successfully scaled their companies through Afreximbank-backed financing. Taking place as part
Pan-African financial institution the African Export-Import Bank (Afreximbank) is bringing strategic financing solutions to the Angola Oil & Gas (AOG) Conference & Exhibition through a dedicated Local Content Forum designed to mobilize capital for Angolan companies. The platform will provide local entrepreneurs and businesses with an opportunity to engage directly with African business leaders who have successfully scaled their companies through Afreximbank-backed financing.
Taking place as part of the main conference agenda, the forum reflects the bank's broader strategy to strengthen indigenous participation across Angola's oil and gas value chain by expanding access to finance and supporting business growth. Through practical case studies from Nigeria and direct engagement between entrepreneurs and financiers, the forum will demonstrate how tailored financing solutions can enable Angolan businesses to acquire assets, expand operations and compete for larger projects.
Afreximbank has played a central role in supporting the growth of Nigeria's indigenous energy companies. In December 2025, the bank established a landmark $750 million financing partnership with Heirs Energies to optimize the company's capital structure and unlock liquidity for working capital as it pursues new exploration and production opportunities.
The bank also expanded its reserve-based lending facility for Oando to $375 million, supporting the company's ambition to increase production to 100,000 barrels of oil per day (bpd) and 1.5 billion cubic feet of gas per day. By highlighting these and other success stories, the forum will provide Angolan entrepreneurs with practical insights into how tailored financing solutions can accelerate the growth of local companies.
Afreximbank has already established a strong financing presence in Angola, supporting national oil company Sonangol's growth through a range of strategic financing solutions. Most recently, the bank closed a $1.75 billion syndicated receivables purchase facility in January 2026 to support Sonangol's operating and capital expenditure requirements. Structured alongside multiple mandated lead arrangers, the facility monetizes future export contracts while helping mitigate exposure to oil price volatility.
Beyond the upstream sector, Afreximbank continues to finance strategic industrial infrastructure across Angola. In 2024, the bank signed on as Mandated Lead Arranger for the development of the AMUFERT-led fertilizer and ammonia plant. In this capacity, the bank committed $1.4 billion in debt funding alongside other financial partners. The $2 billion project will produce 4,000 metric tons per day, with operations expected to start in 2027.
The bank also mobilized $335 million through a project financing facility alongside Africa Finance Corporation and a consortium of international lenders for the development of the Cabinda Refinery – now operational with a first phase capacity of 30,000 bpd. Developed by Gemcorp, the project is Angola’s second refining facility, with a planned second phase set to increase capacity to 60,000 bpd.
Stepping into this picture, the AOG 2026 Local Content Forum builds on Afreximbank's long-standing commitment to Angola and aims to position local companies at the center of the country's next wave of oil and gas investment. By connecting Angolan entrepreneurs with financiers and successful African operators, the forum will help unlock new sources of capital while supporting the growth of the next generation of indigenous operators and service providers. The bank is also an Elite Sponsor of the upcoming conference.
Visit www.AngolaOilandGas.com for more information.
Distributed by APO Group on behalf of Energy Capital & Power.
