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Angola: Open for Investment

January 14, 2021 Angola, as the second-largest oil producer in sub-Saharan Africa, holds approximately 8.2 billion barrels of proven oil reserves. Contributing to 50% of gross domestic product and nearly 90% of national exports, oil represents an invaluable resource to the domestic economy. The country also holds the fourth-largest proven natural gas reserves in Africa – approximately 343 billion cubic meters – along with significant renewable potential in solar and wind. In a bid to offset declining hydrocarbon production, the Angolan Government has implemented several key initiatives focused on spurring new exploration activities, increasing foreign direct investment and incentivizing local participation within the industry. Accordingly, Angola is set to become a prime investment destination in 2021, as it seeks a year of revival for its prolific oil and gas industry.

In the LimeLight: Barings joins The Fallon Company for 301 Hillsborough development

by Special January 13, 2021 . Editor’s note: LimeLight, the newest addition to WRAL TechWire’s growing lineup, offers ways for companies and individuals to bring more attention to their efforts. CHARLOTTE –Barings, one of the world’s leading financial services firms, announced Tuesday it has closed a joint venture between Barings and The Fallon Company to recapitalize the Class-A+ office property, 301 Hillsborough, in downtown Raleigh, NC. A 280,381 square foot, 19-story office tower, 301 Hillsborough includes 12,162 square feet of ground floor retail and is located in Raleigh’s most vibrant downtown submarket.  This office project is the first phase of the mixed-use development, Raleigh Crossing, which will become the nexus of Raleigh’s office, residential and hospitality activity.  Construction is approximately 50% complete, and the property is already 45% pre-leased by Pendo, a leading software company.

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