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Author: Makungu Coco

International Corporate News Gas

Kudu Gas Commercialisation Faces Long Road Despite Namibia’s Energy Ambitions

Wood Mackenzie Warns Kudu Gas Project Faces Infrastructure and Demand Challenges Before Commercialisation Offshore gas developments such as Namibia’s Kudu Gas Field face a longer and more complex path to commercialisation than oil projects due to extensive infrastructure requirements and uncertainty around long-term domestic demand, according to energy consultancy Wood Mackenzie. Speaking at a recent energy conference in Namibia, Wood Mackenzie Research Director for Sub-Saharan Africa Upstream Ian Thom said offshore gas projects require far

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International Corporate News Mergers & Acquisitions Oil

Nasan Energies Completes Acquisition of Divested Vivo Energy Service Stations in Namibia

Nasan Energies Acquires Former Engen and Shell Service Stations as Vivo Energy Completes Regulatory Divestment in Namibia Nasan Energies has completed the acquisition of divested Engen- and Shell-branded service stations from Vivo Energy Namibia following approval by the Namibian Competition Commission. The acquisition concludes a divestment process tied to Vivo Energy’s purchase of Engen Limited from Petronas in May 2024. As part of the regulatory conditions attached to the transaction, Vivo Energy was required to

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Corporate News Local Oil

Afentra Expands Angola Portfolio with Award of KON4 Onshore Oil Block

Afentra Secures 35% Operating Stake in Angola’s KON4 Block Under New Risk Service Contract Afentra has been awarded a 35% operated interest in Angola’s KON4 onshore oil block following government approval of a Risk Service Contract issued through a Presidential Decree. The license was awarded to a consortium comprising Afentra, Grupo Simples Oil, Sonangol E&P, Brite’s Oil and Gas, and Sodedurs, strengthening the company’s footprint in Angola’s mature onshore oil sector. The KON4 block is

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International News Oil

Impact Oil & Gas Splits Assets in Strategic Restructuring to Prioritize Namibian Oil Development

Impact Oil & Gas Restructures Portfolio, Separating South African Assets to Focus on Namibia’s Venus Project Impact Oil & Gas has agreed to restructure its business by separating its South African and Namibian assets into distinct corporate entities, in a move aimed at streamlining operations and strengthening its investment focus on offshore development projects. The company has signed a share purchase agreement with IOG Energies, a wholly owned subsidiary of Deepkloof and Impact Oil &

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International Renewable Energy

Eskom Begins Major Solar Rollout at Lethabo Power Station Under R1.2 Billion Green Energy Plan

Eskom Launches R1.2 Billion Solar Project to Transform Coal Power Stations into Renewable Energy Hubs Eskom has launched a R1.2 billion renewable energy initiative aimed at integrating solar power into its existing coal-fired power station network, starting with a 75 MW solar facility at the Lethabo Power Station in the Free State. The project marks the beginning of Eskom Green’s broader strategy to convert selected coal plant sites into hybrid energy hubs, combining traditional infrastructure

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Diamonds Corporate News International

Petra Diamonds Restructures Operations as Weak Diamond Prices Pressure South African Mines

Petra Diamonds Places Finsch Mine Under Business Rescue Amid Prolonged Diamond Market Weakness London-listed Petra Diamonds has placed its Finsch mine in South Africa under business rescue as part of a broader restructuring effort aimed at stabilizing the company amid continued weakness in the global diamond market. The decision comes as the company faces sustained pressure from declining diamond prices, a stronger South African rand, and weakening demand for smaller-sized stones. Petra Diamonds Chief Executive

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Diamonds International News

DRC Launches New Diamond Company to Strengthen Local Processing and Exports

DRC Approves ADEX RDC SA Joint Venture to Boost Diamond Processing and Local Value Addition The Democratic Republic of Congo (DRC) has approved the creation of ADEX RDC SA, a new joint venture aimed at modernizing and strengthening the country’s diamond sector through increased local value addition. The decision was taken during the 91st ordinary meeting of the Council of Ministers held on Friday, May 29, 2026, in Kinshasa. The proposal was presented by the

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Transport and Logistics Corporate News Local

Lobito Atlantic Railway Expands Mineral Logistics with Major Manganese Shipment

14,000-Ton Manganese Delivery Highlights Growth of Lobito Atlantic Railway Operations Lobito Atlantic Railway (LAR) has successfully received and handled a shipment of approximately 14,000 tons of manganese at the Port of Lobito Mining Terminal, marking a significant step in strengthening its regional logistics and mineral transportation capabilities. The operation required close coordination between multiple operational teams and logistics partners to ensure safe, efficient, and well-controlled unloading and handling processes. According to the company, strict safety

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Diamonds Corporate News International Mining Personality

Akinwumi Adesina to Lead Botswana’s Diamonds for Development Fund

Botswana and De Beers Name Akinwumi Adesina Chair of Diamonds for Development Fund The Government of Botswana and De Beers Group have appointed Dr. Akinwumi Adesina, former President of the African Development Bank (AfDB), as Chairperson of the Diamonds for Development Fund (DDF), a landmark initiative aimed at transforming Botswana’s diamond wealth into long-term economic and social benefits. Dr. Adesina, a globally respected development economist with nearly four decades of experience, served as the eighth

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Local Gold News

Angola Set to Open First Gold Refinery in Major Push for Mineral Processing

Angola to Launch First Gold Refinery by End of 2025 as Government Expands Mineral Value Addition Strategy Angola is expected to inaugurate its first gold refinery before the end of the year, marking a significant milestone in the country’s efforts to increase local mineral processing and create greater value from its natural resources. The announcement was made by Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo during the opening of the Angola Oil, Gas

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