Botswana has secured a proposal for a 30% stake in Angola’s planned refinery project as both countries accelerate efforts to strengthen regional fuel security. The development follows President Duma Boko’s recent visit to Angola, where energy cooperation dominated discussions.
Minerals and Energy Minister Bogolo Kenewendo confirmed the offer while briefing Parliament. She explained that Botswana entered talks with Angola and Namibia to explore long-term energy partnerships. However, she noted that the discussions remain in the early stages.
Fuel markets continue to face global pressure due to instability in the Middle East and restrictions around the Strait of Hormuz. As a result, international fuel prices have surged. Nevertheless, Kenewendo assured lawmakers that Botswana’s domestic fuel supply remains stable.
The minister stressed that government now focuses on long-term strategies to shield the economy from external shocks. Moreover, she highlighted Angola as a strategic partner due to its strong petroleum resources and refinery capacity.
Kenewendo revealed that Angola extended an opportunity for Botswana to acquire a significant stake in the refinery project. She said the offer could position Botswana more strongly within the regional energy value chain. However, she cautioned that government has not finalized any agreement.
The talks continue as both sides assess the structure, cost, and operational framework of the project. Additionally, Botswana aims to ensure that its participation supports long-term national energy security.
During the Angola visit, President Boko also engaged with the leadership of Angola’s state oil company, Sociedade Nacional de Combustíveis de Angola (SONANGOL). He proposed a fuel arrangement that would allow Botswana to benefit from SONANGOL’s procurement system.
Under the proposal, Botswana could access fuel supplies through SONANGOL’s bulk purchasing arrangements. Consequently, the country expects improved efficiency and potentially more stable pricing in the future.
Kenewendo added that discussions with SONANGOL remain active. Meanwhile, government continues to evaluate all options that could strengthen fuel supply resilience.
Authorities have urged the public to remain patient as negotiations progress. Ultimately, Botswana aims to secure reliable partnerships that reduce exposure to global fuel market volatility.
