Angola Moves to Digitise Fuel Sector with New Licensing and Distribution Tracking Systems

Angola’s Fuel Regulator Advances Digital Transformation to Improve Licensing, Monitoring and Fuel Distribution Angola is accelerating the modernisation of its downstream petroleum sector through a major digital transformation programme aimed at improving regulatory oversight, streamlining licensing procedures and enhancing the tracking of fuel distribution across the country. The country’s fuel regulator is developing new digital platforms that will allow operators to process licences electronically while providing authorities with improved visibility over the movement of fuel

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Angola Strengthens Energy Partnership with China as Minister Pushes for Faster Project Delivery

Angola Seeks Deeper Energy Cooperation with China, Urges Acceleration of Strategic Power Projects Angola is seeking to deepen its long-standing energy partnership with China, with Minister of Energy and Water João Baptista Borges using an official visit to Beijing to call for the accelerated implementation of key projects aimed at expanding the country’s electricity infrastructure and improving energy access. During meetings with Chinese government officials, financial institutions and corporate leaders, Borges reaffirmed Angola’s commitment to

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Petra Diamonds Shares Suspended as Audit Delay Raises Market Concerns

Petra Diamonds Trading Halted in London After Delayed Audit of South African Operations Shares of Petra Diamonds were suspended from trading on the London Stock Exchange after the company failed to publish its audited annual financial results within the regulatory deadline, triggering action from the UK’s Financial Conduct Authority (FCA). The diamond producer, whose operations are concentrated in South Africa and Tanzania, said the delay stems from an ongoing review by its external auditors, particularly

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Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail

Tanzania and Angola Advance Rail Partnership to Connect East and West African Trade and Mining Corridors Tanzania and Angola have agreed to strengthen cooperation on a landmark rail connectivity initiative that aims to link the Indian Ocean and Atlantic Ocean coasts, creating a strategic transport corridor for trade, mining exports and regional economic integration. The agreement focuses on connecting Tanzania’s Central Corridor and the Tanzania-Zambia Railway Authority (TAZARA) network with Angola’s Lobito Corridor, establishing a

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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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