Angola Ranks Among the World’s Top Three Diamond Producers in 2025

Angola Becomes World’s Third-Largest Diamond Producer with 15.2 Million Carats in 2025 Angola has cemented its position as one of the world’s leading diamond-producing nations, ranking as the third-largest producer of natural rough diamonds in 2025 with an output of 15.2 million carats. The achievement highlights the continued growth of Angola’s mining sector and underscores the country’s increasing influence in the global diamond industry.  According to figures released by the government, Angola trails only Russia

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Mailo Solar Expansion Set to Boost Zambia’s Renewable Energy Capacity

Second Phase of Mailo Solar Project Strengthens Zambia’s Clean Energy Ambitions Zambia’s renewable energy sector is set for a major boost as development advances on the second phase of the Mailo Solar Project, a key initiative aimed at increasing clean power generation and enhancing national energy security. The expansion builds on the success of the project’s initial phase and reflects growing investment in utility-scale solar infrastructure as the country seeks to diversify its electricity mix

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Zambia Launches Solar Financing Initiative Targeting 120,000 Households

World Bank-Backed Solar Financing Programme Aims to Expand Energy Access to 120,000 Zambian Homes Zambia has launched a new results-based financing initiative designed to accelerate access to clean energy, with a target of delivering solar home systems to 120,000 households across the country. The facility, established by the Rural Electrification Authority (REA) under the World Bank-supported ASCENT Zambia programme, is intended to encourage private-sector investment in off-grid energy solutions while expanding electricity access to underserved

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Construction Begins on Zambia’s 56MWp Kafue Solar Project

Globeleq’s 56MWp Kafue Solar Project Breaks Ground, Strengthening Zambia’s Energy Security Construction has officially begun on the Kafue Solar Project in Zambia’s Lusaka Province, marking a significant milestone in the country’s transition toward a more diversified and resilient energy mix. The 56MWp solar facility is being developed by Globeleq through the GET FiT Zambia programme and is expected to begin supplying electricity to the national grid in the third quarter of 2027. The project is

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Pumangol Unveils App-Based Self-Service Fueling System in Angola

Pumangol Launches Digital Self-Service Fueling Platform to Modernize Customer Experience in Angola Angolan fuel distributor Pumangol has launched an innovative self-service fueling solution that allows motorists to refuel their vehicles independently using a mobile application, marking a significant step in the company’s digital transformation strategy. The new service, known as Self Service VIA, is integrated into the company’s VIA mobile app and enables customers to manage the entire fueling process without assistance from station attendants.

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Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Egypt Advances Renewable Energy Ambitions with Preliminary Financing for $650 Million Scatec Solar Project Egypt has secured preliminary financing arrangements for a major $650 million solar energy project being developed by Scatec, marking another significant step in the country’s drive to expand renewable energy capacity and strengthen its position as a regional clean energy leader. The project is expected to play a key role in supporting Egypt’s energy transition strategy, which focuses on increasing the

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Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Angola Spends Nearly $1 Billion on Fuel Imports in Q3 as Government Pushes Refining Capacity Growth Angola spent approximately $1 billion on fuel imports during the third quarter, highlighting the country’s continued reliance on imported petroleum products despite being one of Africa’s leading crude oil producers. The expenditure underscores a long-standing challenge within Angola’s energy sector: while the country exports significant volumes of crude oil, domestic refining capacity remains insufficient to meet national demand for

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Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

Angola and South Korea Strengthen Electricity Sector Cooperation to Accelerate Energy Infrastructure Investment Angola and South Korea have reinforced their cooperation in the electricity sector, paving the way for increased investment, technology transfer, and the development of critical energy infrastructure aimed at expanding access to reliable power across the country. The enhanced partnership reflects Angola’s ongoing efforts to modernize its power industry and attract international investment to support economic growth and industrial development. By leveraging

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Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development

Diamantino Azevedo Urges Greater Natural Gas Cooperation to Drive Sustainable Growth Across Producing Nations Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, has called for the sustainable development of natural gas resources and deeper cooperation among producing countries, emphasizing the fuel’s growing importance in supporting economic growth, industrialization, and the global energy transition. Speaking on the future of the gas sector, Azevedo highlighted the need for producers to work more closely together to

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Angola Generates $8.33 Billion from Oil Exports in Third Quarter

Angola’s Oil Export Revenue Reaches $8.33 Billion in Q3 as Energy Sector Remains Economic Backbone Angola earned approximately $8.33 billion from crude oil exports during the third quarter, underscoring the continued significance of the petroleum industry as the country’s primary source of foreign exchange earnings and government revenue. The performance reflects Angola’s sustained position as one of Africa’s leading oil producers, with crude exports continuing to drive economic activity despite global market fluctuations and ongoing

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