Etu Energias Announces Close to $1B in Merger & Acquisition (M&A) Deals Since 2022 at Angola Oil & Gas (AOG) 2025

Source: APO – Report:

Edson dos Santos, CEO of Etu Energias, shared that the company has closed nearly $1 billion in Merger & Acquisition (M&A) transactions in the last three years, reflecting the company’s drive to expand its portfolio in Angola. Speaking in an on-stage interview during the Angola Oil & Gas 2025 Conference and Exhibition, dos Santos underscored that, with the right partners, the company continues to pursue new M&A deals.

“Over the last three years, we have done close to $1 billion worth in M&A transactions. With the right partners, you can expect more M&A coming up for Etu Energias,” he shared.

With a goal to increase oil production to 80,000 barrels per day (bpd) by 2030, Etu Energias is spearheading an ambitious exploration and production strategy in Angola, leveraging its position as the country’s largest private oil producer to unlock greater value from the country’s resources. Etu Energias’ ongoing projects include eight exploration projects, 10 development projects and seven redevelopment projects.

“We want to produce 80,000 bpd in the next five years and all the company’s activities are [geared towards] achieving this goal,” dos Santos said.

Offshore, the company kickstarted drilling activities at Block 2/05 in July 2025. The work program features three development wells, one exploration well and five technical interventions across existing wells. The company plans to complete exploration studies for the block in 2025, with drilling planned for 2025/2026. Onshore, Etu Energias continues to spearhead seismic research, with a view to advance exploration and unlock new development projects.

To support these activities, Etu Energias also plans to make an Initial Public Offering (IPO) in 2026. The listing aims to tap into new capital pools to support exploration and production projects. Dos Santos reaffirmed during the fireside chat that the company is on track to make an IPO. 

– on behalf of Energy Capital & Power.

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Angola to Launch Next Licensing Round by Q4, 2025

Source: APO – Report:

Angola’s Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo announced that the country’s next licensing round will be opened by Q4, 2025, offering acreage in the Kwanza and Benguela basins. Speaking during a Ministerial Fireside Chat sponsored by Vitol at the Angola Oil & Gas Conference and Exhibition 2025, Minister Azevedo affirmed that the round falls part of efforts to sustain oil production above one million barrels per day (bpd) in 2026 and beyond.

The upcoming licensing round represents the final bid round under the country’s multi-year licensing strategy – launched in 2019 with a goal to award 50 Angolan concessions. Offering blocks in proven hydrocarbon basins, the round is expected to fuel exploration as the country strives to address production decline.

“We have a goal to achieve one million bpd in the next year. Even though we have a lot of activities and developments in certain areas, we are a country with matured wells in our fields. Our solution is to look for new deposits. Offshore and onshore, we have seen a growth in exploration across new blocks. The multi-year strategy ends this year, with one more bid round expected. The 2025 licensing round will be launched by the last quarter of this year,” stated Minister Azevedo.

The upcoming licensing round coincides with an ambitious strategy undertaken by the government to attract investment in both active and emerging basins. Complementing the licensing strategy is Angola’s permanent offer regime and marginal field prospects, both of which entice investment in undeveloped or smaller-scale assets.

According to Minister Azevedo, “We have legislation for the marginal fields. Another program that is going well is the internal basins. We still have a flexible strategy, where investors can [seize blocks].”

These reforms have not only attracted new investment in the sector but supported reinvestments by active players. According to Minister Azevedo, “When we decided to create legislative change, we invited the private sector to be part of this. This demonstrates our cooperative spirit, so that we can create win-win mechanisms. The process of reform is not finished; we continue to work on improving the legislation, implementation and regulation.”

Beyond international partnerships, Angola strives to enhance local participation in the oil and gas sector. Minister Azevedo highlighted the role of local players in the industry, underscoring the need to position Angolan entrepreneurs and businesses at the forefront of sectoral growth.

“We want to see more Angolans participating in the industry. We also want to see national Angolan companies to be more active in our economic growth. We want to bring legislation that supports this.” 

– on behalf of Energy Capital & Power.

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African Petroleum Producers Organization (APPO) to Finalize Launch Date for Africa Energy Bank at Next Ministerial Meeting

Source: APO

Delivering a keynote address at the Angola Oil & Gas 2025 Conference and Exhibition on Wednesday 3 September, Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), announced that the launch date for the Africa Energy Bank will be finalized at the next Council of Ministers of APPO Members meeting.

Spearheaded by APPO and multilateral finance institution the African Import-Export Bank (Afreximbank), the $5 billion Africa Energy Bank will support oil, gas and infrastructure projects across Africa. Set to be headquartered in Abuja, Nigeria, the bank aims to address the continent’s investment gap. Angola is one the nations that have fulfilled their $100 million capital commitment to the bank.  

“APPO is fully conscious of the serious challenges facing the African oil and gas industry and is taking practical measures to address them. One measure was taken in Luanda three years ago. The APPO Ministerial Council approved the signing of an MoU between APPO and Afreximbank for the establishment of the Africa Energy Bank. The next Ministerial meeting of the APPO council will establish the official date for launch of the Africa Energy Bank,” stated Ibrahim.

In August 2025, APPO announced plans to accelerate the launch of the bank, with the organization’s Executive Council resolving to submit the project for final approval in Q4, 2025. With the launch date on the precipice of being finalized, APPO is inviting investors to support the bank.  

“I would like to take this opportunity to appeal to investors to partner with us on the Africa Energy Bank. The African oil and gas industry has come of age. Africa cannot continue to be dependent on external powers to finance its oil and gas. Africa must control the finances of its oil and gas industry. Africa must create the technology it needs as well as its own market for its oil and gas resources,” Ibrahim stated.

Distributed by APO Group on behalf of Energy Capital & Power.

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‘Attacking a police officer is an attack on the State itself’

Source: Government of South Africa

A stark warning echoed across the Union Buildings’ lawns today as the country honoured police officers who lost their lives in the line of duty: those who target South Africa’s police will face the full might of the law.

The warning was issued by Deputy President Paul Mashatile during the annual South African Police Service (SAPS) Commemoration Day.

The day honours the lives of the 27 police officers who lost their lives in the line of duty during the 2024/25 financial year.

“Let it be clear: attacking a police officer is an attack on the State itself, and it will be met with the full might of the law. We want to make sure that even touching a police officer carries the harshest punishment permitted by our laws, and where possible, tighten these laws,” Deputy President Mashatile said.

He assured police officers across the country that government “stands firmly with the men and women of the SAPS”.

“We are intensifying efforts to ensure your safety and to equip you adequately for the fight against crime. We are resourcing specialised units, investing in advanced technology, strengthening intelligence, and tightening laws to deal decisively with those who target police officers.

“We should not allow these ruthless acts by criminals to continue. Criminals should never be free to roam our streets whenever they choose. Most importantly, as our community’s first line of defence, you must always remain vigilant and never let your guard down,” Deputy President Mashatile said.

Tackling criminality

The Deputy President acknowledged that criminality – particularly organised crime – remains a concern.

“Drug trafficking syndicates, gangs and other forms of organised crime represent an urgent and growing challenge in South Africa. The killing of Sergeant Lawrence Mtshweni, who was shot and killed by more than seven armed robbers at a store in Schoemansdal, Mpumalanga, on Friday, 08 August 2025, is but one example of the many senseless killings of our police officers.

“Let me reiterate, as police officers, you must not die with your service firearms in your holsters. You have a duty to protect your lives; this means you must use force that is proportional to the threat that you face. You must not surrender to any form of criminality,” Deputy President Mashatile said.

Solemn occasion

During the ceremony, the Deputy President together with bereaved families, Acting Minister of Police Professor Firoz Cachalia, and National Commissioner of the SAPS General Fannie Masemola laid wreaths at the SAPS Memorial Site at the Union Buildings in Pretoria.

The fallen officers were also honoured with a final salute and their names will be engraved on the SAPS memorial wall.

“The 27 officers we commemorate today now take their rightful place on the Roll of Honour. Their families must know that, even in grief, there is pride. Their names will echo through generations as symbols of sacrifice and devotion to duty. They may be gone, but their legacy endures in the safety of our communities and in the freedom of our democracy.

“Once again, we extend our heartfelt sympathies to the families and loved ones of our brave officers who have made the ultimate sacrifice. May the spirits of our brave heroes and heroines find everlasting tranquillity. Let their bravery motivate us to create a South Africa that promotes safety, justice, and freedom,” Deputy President Mashatile said.

Cachalia added that the names will “now be forever engraved on the honour roll…not merely as names carved in stone, but as powerful reminders of courage, sacrifice and service to the nation”.

“The loss of a police officer is not only a loss to their family, their colleagues, or their community – it is a profound loss to the entire nation and should be considered as a crime against the state. These men and women stood on the frontlines of our democracy, protecting our people and upholding the rule of law, in the most difficult and dangerous circumstances.

“We bow our heads with gratitude and respect. To the families who are here with us – we know that no words can truly ease the pain of your loss. But please know this: the memory of your loved ones will never fade. Their dedication and ultimate sacrifices will not be forgotten. They live on – not only in your hearts, but in the collective conscience of a grateful nation.

“As we read their names and lay wreaths in their honour, let us renew our commitment to the ideals for which they stood. May the memory of our fallen heroes forever inspire us. May their souls continue to rest in eternal peace,” Cachalia said. – SAnews.gov.za

DTIC responds to Draft National Credit Regulations concerns

Source: Government of South Africa

DTIC responds to Draft National Credit Regulations concerns

Minister of Trade, Industry and Competition, Parks Tau, has moved to assure the public that the recently published Draft National Credit Regulations are not targeted at prejudicing any particular group.

This after concern was raised that the draft regulations may cause harm to persons who have student debt.

“Minister Parks Tau wishes to assure the country that the recently published regulations regarding changes to the credit environment are not intended to prejudice individuals who are indebted to institutions of higher learning. Rather, the focus is to ensure access to finance for Micro, Small and Medium Enterprises [MSME’s].

“As part of an ongoing process of ensuring that the credit environment is robust, draft regulations were published on 13 August 2025 for a period of 30 days. These proposed regulations are provided for in the National Credit Act,” the Department of Trade, Industry and Competition (dtic).

Assisting MSMEs

The department explained that government was committed to “improving coordination with MSMEs to access the finance ecosystem” in order to address the “persistent challenges and barriers in the sector”. 

“Lack of adequate MSMEs credit and risk history impedes their ability to access credit from formal sector providers resulting in them falling prey to informal lenders that charge exorbitantly.

“Regulatory reforms are part of broader efforts to enhance access to finance for MSMEs and close the long-standing credit gap they face. We are all too aware that the majority of our people have faced systematic exclusion and these regulations seek to undo this exclusion, by unlocking access to finance. 

“We are also acutely aware of the debt burden faced by many young people in the country and would not act to further prejudice those who need assistance,” the department said.

The department insisted that improving MSME financing was critical for South Africa’s economic growth.

“Improving MSME financing is a key driver of economic growth, with a particular focus on ensuring transformed, inclusive and affordable financial services for women, underserved communities, and vulnerable groups. Bridging this financing gap will not only strengthen MSME resilience and expansion but also contribute significantly to the overall growth of the national economy.

“The proposed regulatory amendments aim to improve visibility of MSMEs to access finance from formal sector providers by establishing opportunities to generate credit and risk histories as part of a more holistic programme to support MSMEs and township economies more generally,” the department said.

Public comments on the draft regulations are expected to close on 12 September 2025.

“The Minister is committed to a fair public participation process. This includes ensuring all inputs that are made during the public participation process are considered before finalising the regulations, and if necessary, extending the period of public participation. 

“To this end, the Minister notes the comments that have been made in the public domain as they relate to the draft regulations. 

“The Minister remains committed to ensuring that these regulations do not unfairly impact on individuals as an unintended consequence. The Minister will engage stakeholders in order to clarify this process and allay any fears that this process may prejudice the most vulnerable in our society,” the department said. – SAnews.gov.za

 

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ExxonMobil Details Game-Changing Drone Technology for Angola Offshore Operations

Source: APO – Report:

Energy major ExxonMobil is leveraging drone-based technology to improve inspection practices across its offshore oil and gas operations in Angola. The company invests approximately $1 billion per year in developing innovative, game-changing technologies, and through the application of aerial drones and 3D sonar imaging, is improving safety, reducing inspection time and enhancing data quality across its Angolan projects.

Speaking at an ExxonMobil-sponsored pre-conference session at the Angola Oil & Gas Conference & Exhibition 2025, Vera Veloso, Integrity Engineering Supervisor at ExxonMobil, showcased how these technologies are improving inspections and strengthening operational efficiency in Angola. ExxonMobil currently has stakes in three deepwater blocks covering nearly two million acres in Angola, including legacy assets such as Block 17. Through drone-based technology, the company is transitioning from traditional inspection models – notably those that utilize rope-access teams – to technology-centered methods.

“These drones are able to reach hazardous areas, without the need for human intervention. This improves the efficiency and safety of inspections. They can also be done when the operations are underway – so, we don’t have to shut down operations,” stated Veloso.

Drone-based technology has also enhanced data accuracy compared to traditional methods. Through the application of drone-based technology, ExxonMobil managed to achieve a 60% reduction in inspection duration, thereby supporting decision-making and minimizing operational disruption.

Meanwhile, the company has also turned towards echoscope technology – through 3D sonar imaging – to improve data accuracy, validate trench dimensions, provide real-time monitoring and operation in zero-visibility conditions. These technologies provide sufficient data for surveillance and risk evaluation.

“The 3D sonar imaging uses sound pulses. That data enables us to map the seabed, taking all the measurement and identifying the anomalies around the suction pipe. The main benefit of this technology is data accuracy – we are able to access more dimensions of the trench. It also improves the efficiency of the surveys as we are not limited by the visibility,” shared Veloso.

Looking ahead, ExxonMobil plans to utilize additional technology to support its Angolan operations. These include AI-driven robotics and drones for autonomous visual, acoustic and ultrasonic data for unmanned locations, AI-driven digital twins, autonomous risk mitigation via AI decisioning and 5G or Starlink to enable remote operations. 

– on behalf of Energy Capital & Power.

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Angola Oil & Gas (AOG) Announces 2025 Award Winners Amid Golden Jubilee Celebration

Source: APO – Report:

The Angola Oil & Gas conference officially announced the winners of the 2025 awards during its landmark edition celebrating 50 years of Angola’s independence. Recognizing excellence across the oil, gas and infrastructure value chains, this year’s awards highlight the projects, companies and individuals driving Angolan development through innovative oil and gas projects.

Lifetime Achievement Award: José Maria de Vasconcelos

Angola’s longest-serving petroleum minister, José Maria Botelho de Vasconcelos was honored for the Lifetime Achievement Award for his central role in Angola’s oil diplomacy and sector reforms. His leadership spanned decades, cementing Angola’s reputation as a leading petroleum producer and strengthening its voice in international energy affairs.

Lifetime Achievement Award: Joaquim David

Joaquim David, former Minister of Petroleum, is recognized for the Lifetime Achievement Award for his enduring contributions to Angola’s oil and gas sector. His strategic leadership and commitment to institutional development helped build the strong regulatory and operational foundations that continue to support Angola’s oil and gas industry today.

Game Changer of the Year: Agogo Integrated West Hub Development  

Azule Energy’s Agogo Integrated West Hub Development – which came online in July 2025 – secured the Game Changer of the Year award for emerging as one of Angola’s most innovative projects. Featuring the world’s first FPSO with carbon capture and storage capabilities, the project represents a global benchmark in sustainable offshore development while boosting Angola’s production outlook.

Explorer of the Year: Block 1/14 Partners

The consortium operating Block 1/14 – including Azule Energy, Equinor, Sonangol and ACREP – won the Explorer of the Year award for their latest gas discovery, made at the Gajajeira-01 exploration well in Angola’s Lower Congo Basin. Their efforts highlight the importance of collaboration in advancing frontier acreage and unlocking Angola’s untapped non-associated gas potential.

Local Company of the Year: Grupo Opaia & SONAGAS

Grupo Opaia and SONAGAS were jointly recognized for the Local Company of the Year award for their $2.2 billion Soyo Fertilizer Industrial Complex. By producing 1.2 million tons of fertilizer annually, the project will transform Angola’s agricultural sector, create thousands of jobs and showcase the role of natural gas in powering economic diversification.

CSR Initiative of the Year: Sonangol

Angola’s national oil company Sonangol was awarded the CSR Initiative of the Year for its impactful social investment programs, which continue to improve health, education and community development across Angola. These include SonaJovem, set to introduce 50 high-impact startups to the market. As the company undergoes transformation, it has maintained its commitment to sustainable development and corporate responsibility.

National Service Company of the Year: KAESO Energy Services

KAESO Energy Services received the National Service Company of the Year award for its exceptional contributions to Angola’s upstream sector. As a fast-growing national service provider, KAESO has delivered technical excellence across exploration and production projects, positioning itself as a trusted partner in Angola’s energy landscape.

Downstream Player of the Year: Cabinda Refinery

Cabinda Refinery was recognized as the Downstream Player of the Year for advancing Angola’s refining capacity and energy security. With the commissioning of the first phase of the Cabinda facility on September 1, Cabinda Refinery has taken bold steps towards reducing dependence on fuel imports and creating new industrial opportunities. 

– on behalf of Energy Capital & Power.

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SAWS issues KZN weather warning

Source: Government of South Africa

Sunday, September 7, 2025

The South African Weather Service (SAWS) has issued a level 4 warning for severe thunderstorms, with heavy downpours expected over the north-western parts of KwaZulu-Natal.

According to the weather service, the downpours can lead to “flooding of roads and settlements”.

“A cut-off low pressure system extending to the surface is expected to be situated over the central interior of the country tomorrow [Monday], with a surface high pressure system east of the country resulting in onshore flow. As a result, isolated to scattered showers and thundershowers are expected over KZN. 

“Some of these thunderstorms are expected to become severe over the western parts of KZN, and will be accompanied by heavy damaging winds, excessive lightning and hail,” SAWS explained.

The thunderstorm may cause:

  • Flooding of roads and bridges as well as formal and informal settlements.
  • Hail may result in infrastructure damage.
  • Danger to life due to fast flowing water/streams.
  • Major travel disruptions (including route obstructions) and incidents.
  • Damage or loss of infrastructure and settlements.

“If possible, stay indoors and off the roads, avoid crossing rivers and swollen streams where water is above your ankles. If trapped in a vehicle during a flood, abandon it and climb to higher ground. In buildings, move valuables to a safe place above the expected flood level. 

“If possible, stay indoors away from metal objects. Do not seek shelter under trees or tall objects. Do not go fishing or play golf as both the golf clubs and fishing rods are a good conductor of electricity,” the weather service said. – SAnews.gov.za

Murder of insolvency lawyer, Bouwer van Niekerk, condemned

Source: Government of South Africa

Sunday, September 7, 2025

Justice and Constitutional Development Minister Mmamoloko Kubayi has condemned the killing of insolvency lawyer, Bouwer van Niekerk.

The lawyer was shot at his Johannesburg-based offices on Friday.

“The Minister extends her heartfelt condolences to the family, friends, and colleagues of Mr van Niekerk during this difficult time. Mr van Niekerk worked on many matters, and there is no indication yet of what could have led to this crime.

“The Minister appreciates that a full investigation is underway and wishes to reiterate that the investigation must speedily deal with the perpetrators of this crime and bring them to book, in order to restore faith in our laws and law enforcement officers,” the department said in a statement.

News of Van Niekerk’s death came on the same day that a man was fatally shot outside the Athlone Magistrate’s Court.

It also comes after the murders – in separate incidents – of two prosecutors in the Eastern Cape.

“The Minister strongly condemns these senseless acts of violence, particularly attacks directed at members of the legal profession who play a vital role in upholding justice and the rule of law.

“The Minister calls on anyone with information on the two incidents to come forward and assist the South African Police Service,” the department said. – SAnews.gov.za

Statement of the Symposium of Episcopal Conferences of Africa and Madagascar (SECAM): Accelerating Global Climate Solutions: Financing Africa’s Resilient and Green Development in Africa

Source: APO


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The Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) (www.SECAM.org) affirms that the climate crisis is both a moral and ecological emergency. Africa bears disproportionate impacts—droughts, cyclones, floods, desertification—despite contributing least to global emissions. The Catholic Church in Africa calls for bold, fair, and urgent action to ensure that climate solutions are Africa-led, community-rooted, and just.

1. Africa-Led Climate Solutions

SECAM insists that Africa must not merely be a recipient of external agendas but a full architect of its ecological future. Rural communities, rich in indigenous wisdom, are laboratories of integral ecology and must shape pathways to sustainable development.[1]

2. Advancing Nature- and Technology-Based Approaches

The Church supports renewable energy, regenerative agriculture, and appropriate technologies that protect biodiversity and respect cultural heritage. True solutions must integrate social equity, human dignity, and creation care—not short-term profit or “false solutions” such as harmful offsets or extractive projects. We must move beyond the mentality of appearing to be concerned but failing to bring about substantial change. We are still not facing the issues squarely, and the commitments made are weak and hardly fulfilled. We cannot continue to make excuses; what is needed is courage and determination to move away decisively from fossil fuels, to embrace renewable sources of energy, and to make genuine lifestyle changes for the sake of our common home .[2]

3. Scaling Renewable Energy

SECAM urges investment in decentralized, community-driven renewable systems—especially solar—creating decent jobs, empowering women and youth, and reducing energy poverty while curbing carbon emissions. The future is this renewable energy, namely solar panel.[3] It is crucial to invest in clean energy and upgrade infrastructure to address Africa’s energy poverty.[4]

4. Mobilizing Climate Finance with Justice

The Church calls on wealthy nations to repay their ecological debt through transparent, accessible, and non-indebting climate finance. Loss and Damage and Adaptation Funds must be swiftly operationalized, reaching vulnerable communities directly and fostering resilience rather than dependency. As Catholic communities in Africa, we ask the leaders of nations and institutions to recognize their moral duty and commit to urgent and ambitious action to protect our common home and the most vulnerable. Delay and half-measures only deepen the suffering of our people and jeopardize future generations.[5] A deal must include finance for Loss and Damage which is compensation for countries who are already suffering the devastating impacts of climate change but are not responsible for causing it. This is a matter of justice and solidarity with the poorest and most affected communities.[6]

5. Ensuring Adaptation and Resilience

Adaptation efforts must safeguard food security, water systems, and livelihoods, prioritizing the poor and marginalized. Faith communities stand ready to collaborate in educating, mobilizing, and accompanying affected populations.

6. Moral Foundations and Global Solidarity

Climate action is a spiritual imperative.

The Loss and Damage Fund must be urgently operationalized to respond to the devastating impacts of climate change that are already destroying lives and livelihoods. Rich countries ought to recognize and pay their ecological debt to the Global South, without continuing to indebt our nations through loans disguised as climate aid. We must stop the expansion of fossil fuels and instead expand clean, renewable energy solutions that empower our communities, respect our cultures, and protect our common home.[7]

The earth herself, burdened and laid waste, is among the most abandoned and maltreated of our poor.[8]

Our Commitment

Grounded in Laudato Si’ and Laudate Deum, SECAM pledges to:

  • Promote ecological conversion in every parish, school, and diocese;
  • Advocate at COP30 and other global fora for a just phase-out of fossil fuels and a transition to renewables;
  • Establish an Ecclesial Observatory on Climate Justice to monitor implementation of climate pledges;
  • Partner with ethical actors to build a green and resilient Africa.

Africa must rise as a moral voice and agent of its own transformation. Justice, solidarity, and care for creation demand nothing less.


REFERENCES

  1. Fr. Emmanuel Katongole, Laudato Si’ Africa Conference (2025)
  2. Pope Francis, Laudate Deum (2023), paragraph 56 echoed by SECAM
  3. Cardinal Fridolin Ambongo, President of SECAM
  4. SECAM Justice, Peace and Development Commission, COP29 (2024)
  5. SECAM statement, COP28 (2023)
  6. Cardinal Fridolin Ambongo, COP27 (2022)
  7. Cardinal Fridolin Ambongo, Vatican Press Conference (2025)
  8. Pope Francis, Laudato Si’, cited in SECAM–COMECE Joint Declaration

Distributed by APO Group on behalf of Symposium of Episcopal Conferences of Africa and Madagascar (SECAM).