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Author: Makungu Coco

Diamonds International Mining

Gemfields Evacuates Exploration Camp in Mozambique after Attack

Africa-focused Gemfields it had suspended operations and was evacuating personnel from its Nairoto exploration camp in Mozambique following an attack on a nearby village. The company’s project is located in the resource-rich northern Cabo Delgado province, which has become an epicenter of Islamic extremist insurgency. The violent rebellion, locally known as al-Shabab (though it is distinct from the similarly named group in Somalia), broke out in October 2017.  Since then it has claimed more than 4,500 lives and displaced over

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Infrastructure Local News

Namibe Opens Primary School at Valódia

The minister of Education, Luisa Grilo, inaugurated Thursday, 23, in Namibe province a primary school No. 113, named after “Manuel Francisco Peú”, which is located at Valódia neighborhood, in the Moçâmedes municipality. Fully equipped, the school was built from scratch with funding from SODIAM – E.P., and it is the result of a protocol signed between the government of that province, the National Company of Diamond Commercialization of Angola and Fundação Brilhante, the social face

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Infrastructure Local News

Saurimo Gains Several Social Infrastructures

The minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, will travelled this Friday, 24, to the province of Lunda Sul, for a two-day visit, where he inaugurated a school for Primary Education and the First Cycle of Secondary Education, with a capacity to accommodate 1080 students. The construction of the school, fully equipped, took eight months and was funded by SODIAM-E.P., valued at over 800 million kwanzas. According to a press release, Diamantino Azevedo

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Local News Oil

Sonangol Sold 24 Assets and Hopes to Privatize Another Seven This Year

Sonangol has already sold a total of 24 assets, which yielded 130 million dollars, and is in negotiations to privatize another seven year, the chairman of the board of directors of the state-owned oil company said last Friday, 24th February. “This total of alienated assets allows us to say we have contracted, in terms of alienation, the equivalent of a collection of 130 million dollars”, said Gasper Martins, in a press conference. The chairman of

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Energy Gas International News Oil

Africa Needs to curb Emissions to Attract Investments

The Institute for Development and Economic Planning (IDEP) held on Saturday 25 February a webinar on “How Africa can go green through a clean energy strategy” in preparation for the 9th Session of the Africa Regional Forum on Sustainable Development scheduled to take place in Niamey (Niger) from 28 February to March 2nd, 2023. Urbanization and population growth are putting intense pressure on Africa’s energy infrastructure. Demand is significantly outstripping supply leading to power cuts

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Energy International News

Dubai to Host Invest in African Energy on March 30

The African Energy Chamber (AEC) the voice of the African energy sector – in partnership with global energy market research and intelligence company S&P will host the Dubai leg of the Invest in African Energy event on March 30, to showcase investment and partnership opportunities across Africa’s burgeoning energy sector. Following successful Invest in African Energy receptions held across Europe in London (U.K.) Oslo (Norway) and Frankfurt (Germany) in 2023, the Dubai edition aims to enhance energy cooperation

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Diamonds Local News

150 Carat Type IIA White Diamond Recovered at Luloand SML Dividend Repatriated

Lucapa Diamond Company Limited (ASX: LOM), along with its Lulo partners Endiama and Rosas & Petalas, have announced the discovery of a 150-carat white Type IIa diamond from the Lulo Alluvial Mine in Angola. This marks the 36th time a diamond of over 100 carats has been recovered at Lulo, with the 150-carat diamond being the fifth such discovery in Mining Block 28 (“MB28”). In addition, Lucapa has received the dividend approved by the shareholders

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Gas International News

Tanzanian tycoon Rostam Aziz Pledges Cheaper Cooking Gas

Tanzanian billionaire Rostam Aziz, who is building a multibillion-shilling cooking gas plant in Dongo Kundu, says he will tap innovative technologies to handle imports and supply chain, ultimately lowering consumer prices. The entry of Taifa Gas, a liquefied petroleum gas (LPG) firm, into the local market is expected to trigger price wars for handling and evacuating cooking gas from the ships to the mainland, allowing dealers to transfer the cost relief to consumers. Construction of

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Energy Local News Oil

Angolan oil Company Aims to Increase Refining and Renewable Energy

Angola’s state-owned oil company, Sonangol, has revealed its strategic plan for 2023-2030, which includes a focus on the value chain linked to hydrocarbons, an increase in refining capacity to 425,000 barrels of oil per day, and the addition of a petrochemical complex. The company also plans to increase storage capacity and produce renewable energy from photovoltaic projects to reduce carbon dioxide emissions by around 15%. Furthermore, the company aims to increase carbon capture and investment

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Gas International News Oil

Uganda Gives Priority to People Displaced by Oil Exploration, Petroleum Agency

During the next five years, the Petroleum Authority of Uganda (PAU) expects that Uganda’s land acquisition procedure for oil and gas infrastructure will be a model for best practices in megaprojects both within and outside of Uganda. The PAU director of legal and corporate affairs, Mr. Ali Ssekatawa, stressed via an article the necessity of a well-organized compensation and resettlement scheme for those impacted by any large infrastructure project to succeed. This subject has been

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