Africa Investment Advisor for Lusophone Africa and Pan-African Transactions at the U.S. International Development Finance Corporation (DFC), Jacob Flewelling, will be actively involved in engaging financiers and government delegates in investment advisory and business development during this year’s Angola Oil & Gas (AOG) 2024 conference and exhibition.
“In collaboration with the private sector, the DFC has invested more than $10 billion across sub-Saharan Africa,” said Flewelling. During the event, which is scheduled for October 2-3 in Luanda under the theme Driving Exploration and Development Towards Increased Production in Angola, he is anticipated to provide insight into the DFC’s project pipeline.
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AOG stands as the largest oil and gas event in Angola, with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the ANPG; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute.
It serves as a platform to sign deals and advance Angola’s oil and gas industry. For sponsorship or participation as a delegate, interested parties are encouraged to contact [email protected].
“The DFC has several impactful projects currently underway that aim to support economic growth and commerce, enhancing energy security and infrastructure while improving access to affordable healthcare, food and capital,” Flewelling noted.
In December 2023, the DFC approved over $3.3 billion in investments in the first quarter of the fiscal year 2024, with a focus on Africa.
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Projects include a $40 million equity investment in Africa Renewable Energy Fund II and a $5 million loan portfolio guarantee to promote sustainable agriculture in the DRC, among others. In Angola, the DFC spearheaded the construction of the Luanda Medical Center, improving access to affordable and quality healthcare in the country’s capital.
With 15 years of experience in infrastructure project preparation, political risk insurance, and project finance in Africa, Flewelling, in his role as Africa Investment Advisor, leads investment advisory and business development throughout the continent.
His expertise promises to offer new perspectives on financing Angolan oil and gas projects at the October event.
During AOG 2024, Flewelling is expected to explore opportunities for private sector-led renewable energy projects, energy storage, and transmission in Angola.
His participation in panels, networking forums, and investor summits will advance dialogue while fostering collaboration between U.S. and Angolan players.
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