Vietnamese Investor Plans Major Projects in Angola to Create 50,000 Jobs

Vietnamese Tycoon Announces Multi-Sector Investments Across Six Angolan Provinces to Create 50,000 Jobs A Vietnamese business leader is planning major investments across six provinces in Angola, with projects expected to create up to 50,000 jobs and support economic development in key sectors. The investment programme is focused on expanding economic activity beyond Angola’s traditional oil sector by supporting agriculture, infrastructure, industry and other areas with potential to drive employment and local production. The planned projects

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Austrian Energy Firm Discovers 195 Million Barrels of Oil in Africa’s Largest Oil Basin

Austrian Energy Company Makes Major 195 Million Barrel Oil Discovery in Africa’s Largest Oil Region Austrian energy company OMV has announced a significant oil discovery in Africa’s largest oil-producing region, marking a major milestone in its exploration activities and strengthening prospects for future production growth. The discovery, estimated at around 195 million barrels of oil equivalent, was made in the Orange Basin, an emerging offshore exploration hotspot located along the coasts of Namibia and South

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Ghana Advances Oil Refining Ambitions with $1.98 Billion Private Refinery Project

Ghana’s $1.98 Billion Private Oil Refinery Set to Transform Domestic Fuel Production and Reduce Imports Ghana is advancing efforts to strengthen its energy security through the development of its first privately owned large-scale oil refinery, a project expected to significantly increase domestic fuel production and reduce the country’s dependence on imported petroleum products. The $1.98 billion refinery project is being positioned as a major milestone in Ghana’s energy sector, supporting the government’s long-term goal of

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Botswana Considers Buying Into De Beers as Anglo American Selects Preferred Bidder

Botswana Weighs De Beers Stake Purchase After Anglo American Picks Preferred Buyer Anglo American has selected a preferred buyer for its stake in diamond producer De Beers, with Botswana considering whether to use its right of first refusal to acquire the stake independently, alongside the chosen bidder, or with another partner. Anglo American placed De Beers up for sale in 2024 as part of a wider restructuring strategy following a prolonged decline in diamond prices

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IEA Warns Strait of Hormuz Crisis Could Threaten Global Energy Security

Global Energy Security at Risk as IEA Warns Strait of Hormuz Disruption Could Last for Weeks The International Energy Agency (IEA) has warned that global energy security could come under serious pressure if disruptions in the Strait of Hormuz are not resolved within weeks. IEA Executive Director Fatih Birol said prolonged instability around the strategic waterway could have major consequences for global oil and gas markets, given the strait’s role as one of the world’s

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Grid Gap in Focus as Southern African Utility Leaders Join AEW Power Africa Today

Senior executives from some of Southern Africa’s top power utilities and grid operators are confirmed to speak at the Power Africa Today conference during African Energy Week (AEW) 2026 in Cape Town from October 12-16. Their participation reflects the growing focus on transmission infrastructure, grid modernization and regional power market integration as the continent works to match generation growth with the networks needed to deliver it. South Africa’s Eskom has stabilized its generation fleet after

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Nova Africa Plans $21 Million Restart of Botswana Gold Mine

Nova Africa Announces $21 Million Investment to Restart Botswana Gold Mining Operations Nova Africa Resources is planning a US$21 million investment to restart gold mining operations in Botswana, as the company seeks to revive production and unlock the value of the country’s mineral resources. The project involves the redevelopment of a previously inactive gold mine, with funding expected to support mine rehabilitation, infrastructure upgrades, exploration activities and the preparation of the operation for renewed production.

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Trafigura Withdraws from Angola’s $2 Billion Power Project Amid Development Challenges

Trafigura Exits Angola’s $2 Billion Power Plant Project, Raising Questions Over Energy Expansion Plans Global commodities company Trafigura has withdrawn from a planned US$2 billion power project in Angola, creating uncertainty around one of the country’s major energy infrastructure developments. The project, which was expected to support Angola’s electricity generation capacity and strengthen industrial growth, was part of broader efforts to expand the country’s energy infrastructure and improve power supply reliability. Trafigura’s decision to step

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Nigeria Offers Shell New Incentives to Accelerate $20 Billion Offshore Oil Project

Nigeria Introduces Tax Incentives to Fast-Track Shell’s $20 Billion Bonga South West Oil Development Nigeria has introduced new investment incentives aimed at accelerating the development of Shell’s Bonga Southwest Aparo (BSWA) deepwater oil project, a major offshore development expected to attract around US$20 billion in investment. The incentives are designed to improve the project’s commercial viability and encourage Shell and its partners to move forward with a Final Investment Decision (FID) after years of delays.

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Dangote Refinery Moves to Dollar-Based Fuel Pricing Amid Currency and Supply Pressures

Africa’s Largest Oil Refinery Switches to US Dollar Pricing for Fuel Sales in Nigeria Nigeria’s Dangote Petroleum Refinery, the largest oil refinery in Africa, has introduced a new pricing system that links the sale of refined petroleum products to the US dollar. The move replaces the previous naira-based pricing structure and is aimed at managing foreign exchange risks associated with crude oil purchases, operational costs and international market fluctuations. The refinery’s decision comes as it

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