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Author: Makungu Coco

Energy Local News

Angola Targets 50% Electrification by 2027 Through Major Power Infrastructure Expansion

Angola Aims for 50% Electrification Rate by 2027 as Government Accelerates Energy Access Projects Angola is working to raise its national electrification rate to 50% by 2027, as the government intensifies investments in power generation, transmission, and distribution infrastructure to expand access to electricity across the country. The target forms part of Angola’s broader energy development strategy, which seeks to bring reliable electricity to millions of citizens while supporting economic growth, industrialisation, and improved living

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Local News Petroleum

Angola Ranks Among World’s Cheapest Fuel Markets as Gasoline Prices Remain Low

Angola Places Second in Africa and Fourth Globally for Lowest Gasoline Prices, GlobalPetrolPrices Data Shows Angola has secured a place among the countries with the lowest gasoline prices in both Africa and the world, reinforcing its position as one of the continent’s most affordable fuel markets. According to October data compiled by GlobalPetrolPrices, Angola ranks second in Africa and fourth globally for the lowest gasoline prices. The country’s gasoline price remains fixed at US$0.327 per

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Local Energy News

Angola Approves $225 Million Grid Expansion to Bring Electricity to More Than 500,000 People

João Lourenço Authorizes $225 Million Power Grid Expansion to Connect 125,000 Homes Across Luanda and Icolo e Bengo Angolan President João Lourenço has approved an investment of approximately US$225 million to launch the first phase of a major electricity grid expansion project aimed at improving power access in Luanda and the province of Icolo e Bengo. The initiative, authorized under Presidential Decree No. 400/26 of October 28, is expected to connect more than 125,000 households

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Corporate News International Oil

Puma Energy Zambia Opens Lumwana Fuel Station in Kalumbila District

Puma Energy Expands Rural Fuel Network With New Lumwana Station Puma Energy Zambia Plc has opened a service station in Lumwana, Kalumbila District, expanding fuel and retail services for motorists, transport operators and businesses in North-Western Province. Located about 60 kilometres west of Solwezi, the station sells fuels and lubricants and includes a Shop Express convenience store. The company expects the outlet to create local jobs and give surrounding communities another place to buy fuel

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Local News Oil Petroleum

Angola Projects Oil Output of One Million Barrels Per Day in 2027 Budget Plan

Angola Targets One Million Barrels Per Day in 2027 as Oil Sector Remains Economic Backbone Angola expects crude oil production to average one million barrels per day in 2027, according to projections contained in the country’s proposed State Budget (OGE) for the year, underscoring the continued importance of the petroleum sector to national economic growth and public finances. The oil forecast reflects the government’s efforts to stabilise production levels amid the natural decline of mature

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Corporate News International Oil

Shell Secures Majority Offtake from Morocco’s $239 Million LNG Import Terminal

Shell Locks in Up to 75% of Morocco’s Planned $239 Million LNG Terminal Capacity Energy major Shell has secured rights to purchase up to 75% of the capacity from Morocco’s planned $239 million liquefied natural gas (LNG) import terminal, marking a significant step forward in the North African country’s efforts to strengthen energy security and diversify its power supply. The agreement positions Shell as a key commercial partner in Morocco’s expanding natural gas infrastructure strategy,

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Transport and Logistics Local News

Lobito Corridor Set to Transform Zambia’s Trade Routes and Create New Business Opportunities

Lobito Corridor Opens Multi-Billion-Dollar Opportunities for Zambian Businesses in Logistics, Mining and Agriculture The Lobito Corridor is emerging as one of the most significant infrastructure developments in Southern Africa, with the potential to reshape Zambia’s trade routes, unlock new export markets and create business opportunities across multiple sectors of the economy. The project, which aims to connect Zambia to Angola’s Port of Lobito on the Atlantic Ocean through an integrated rail and road network, is

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Local Oil Petroleum

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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Local Energy News

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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Corporate News Diamonds International

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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