MSC Launches Afungi Shuttle to Strengthen Logistics for Mozambique LNG Project

MSC Launches Afungi Shuttle Linking Nacala and Maputo to Mozambique LNG Project Mediterranean Shipping Company (MSC) has launched the Afungi Shuttle, a new maritime service designed to strengthen logistics connectivity for the TotalEnergies-led Mozambique LNG project and support growing economic activity in northern Mozambique. The new service connects Afungi, the site of the Mozambique LNG development in Cabo Delgado province, with dedicated feeder connections through the ports of Nacala and Maputo. The service is expected

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Mozambique LNG Project Reaches 45% Completion as TotalEnergies Accelerates Construction

Mozambique LNG Project Hits 45% Completion as TotalEnergies Targets First Gas in 2029 The TotalEnergies-led Mozambique LNG project has reached 45% completion as construction activity gathers pace in Cabo Delgado, marking further progress on one of Africa’s largest liquefied natural gas developments. TotalEnergies Chairman and CEO Patrick Pouyanné said the project has continued to advance following the full resumption of construction activities earlier this year, with the company and its partners increasing the workforce supporting

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Botswana Regains Duty-Free Access to U.S. Market as Temporary Tariffs Expire

Botswana Diamond Exports Return to 0% U.S. Tariff as Section 122 Duties Expire Botswana’s exports to the United States, including its globally renowned natural diamonds, have regained duty-free access following the expiry of temporary U.S. tariffs on 24 July 2026. The expiration of the Section 122 tariffs under the U.S. Trade Act of 1974 means Botswana-origin products now face a 0% tariff while continuing to benefit from preferential market access under the African Growth and

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Anglo American Denies Favouring Buyer as De Beers Sale Talks Continue

Anglo American Says No Preferred Bidder as De Beers Sale Could Fetch $1 Billion Anglo American has denied favouring any particular buyer for its diamond business, De Beers, as the mining group continues to explore options for the struggling unit. Anglo American CEO Duncan Wanblad said on Thursday that the company was “not exclusive with any consortium”, rejecting reports that it was favouring a consortium led by former De Beers CEO Gareth Penny. The comments

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African Diamond Producers Struggle to Recover as Market Pressures Persist

African Diamond Miners Face Continued Market Pressure in First Half of 2026 Africa’s diamond industry continued to face challenging market conditions in the first half of 2026, with major producers in Botswana, South Africa, Namibia and Lesotho struggling to achieve a sustained recovery in natural diamond demand. Financial results released during the period point to continued pressure across the industry, driven by weaker prices, economic uncertainty and growing competition from laboratory-grown diamonds. In South Africa,

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Angola Records Strong Increase in Oil Revenue in Second Quarter

Angola’s Oil Revenue Jumps 54.71% in Second Quarter as Higher Prices Boost Earnings Angola recorded a significant increase in revenue from crude oil sales during the second quarter of 2026, supported by stronger international oil prices and improved export earnings. The increase comes as the oil sector continues to play a central role in Angola’s economy and public finances, despite ongoing efforts by the government to diversify economic activity and reduce dependence on hydrocarbons. The

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Botswana’s Diamond Legacy Shines With Discovery of 1,300-Carat Gem

Botswana Highlights Diamond Leadership After Lucara Recovers 1,300-Carat Stone Botswana has reaffirmed its position as one of the world’s leading diamond-producing nations following the recovery of an extraordinary 1,300-carat diamond by Lucara Botswana. President of Botswana highlighted the discovery as a major milestone for the country’s diamond industry after the stone was presented by Lucara Botswana. The diamond is among the largest ever recovered by the company and ranks as the sixth-largest diamond ever discovered

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Galp Signals Potential Return to Angola as Oil Opportunities Re-emerge

Galp Considers Return to Angola’s Oil Sector as Company Assesses New Exploration Opportunities Portuguese energy company Galp has signalled that it could return to Angola’s oil sector, potentially marking a renewed interest in one of Africa’s most established hydrocarbon markets. Galp Chief Executive Officer João Diogo Marques da Silva said the possibility of returning to Angola exists, while confirming that the company is assessing opportunities in the country. The company’s previous experience in the Angolan

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Namibe Moves to Unlock Copper Potential with New Exploration Campaign

Angola’s Namibe Province to Begin Copper Exploration as Mining Diversification Accelerates Angola’s Namibe Province is preparing to launch copper prospecting activities in Kapangombe, in the municipality of Bibala, as the country intensifies efforts to diversify its mining industry and unlock new mineral resources. The prospecting campaign is expected to begin in the coming days and forms part of broader efforts to expand mineral exploration in Namibe, a province with growing importance to Angola’s mining and

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Lobito Port Handles 931,000 Tonnes of Cargo as Regional Trade Gains Momentum

Lobito Port Moves 931,000 Tonnes of Cargo in First Half of 2026, Strengthening Angola’s Regional Trade Role The Port of Lobito handled 931,000 tonnes of cargo during the first half of 2026, highlighting its growing importance as a strategic logistics gateway for Angola and the wider region. During the period, the port received 177 vessels, with the volume of cargo handled reflecting continued activity across Angola’s maritime and logistics sectors. The performance comes as the

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