ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision

ExxonMobil Raises Rovuma LNG Stake to 50% as Mozambique’s US$30 Billion Gas Megaproject Moves Closer to Approval ExxonMobil has strengthened its position in Mozambique’s Rovuma LNG development after increasing its stake in the project from 37.5% to 50% through a strategic asset swap with Italian energy major Eni. The transaction reinforces ExxonMobil’s commitment to one of Africa’s largest planned natural gas developments and comes as project partners prepare for a final investment decision expected before

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Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth

AfDB Sees Angola’s Growth Accelerating as Economic Reforms Boost Stability and Investment Angola’s economy is showing renewed strength, with growth accelerating on the back of structural reforms, higher investment and improved macroeconomic stability, according to the African Development Bank’s latest Economic Outlook for the country. The report highlights Angola’s continued progress in reducing its dependence on oil revenues while strengthening its fiscal position and creating conditions for more diversified economic growth. Despite global economic uncertainties

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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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