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Author: Makungu Coco

Local Mining News

Angola Seeks to Deepen Australian Investment in Mining Sector

Australian Investors Eye Angola’s Critical Minerals and Mining Opportunities Angola has positioned itself as an emerging destination for Australian investment, particularly in mining and critical minerals, as the country seeks to attract international capital and expand development of its mineral resources. Speaking at the first Australia–Angola Business Forum in Perth, Australian businessman Stephen Lee Wetherall described Angola as a safe and recommendable destination for Australian private investment in Africa. Wetherall, who has worked in Angola

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Local Mining Projects News Oil

Angola Positions Cubango as New Frontier for Mining and Oil Investment

Cubango Emerges as Angola’s New Mining and Oil Exploration Frontier Angola has identified Cubango Province as an emerging frontier for mining and oil investment as the government seeks to unlock new resource potential and diversify the country’s economy. Minister of Mineral Resources, Oil and Gas Diamantino Azevedo said Cubango had significant geological potential, particularly for copper and cobalt, while exploration had also indicated the presence of iron, gold and lead. The province forms part of

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Local Energy News

Angola Accelerates Electrification as Half of Population Remains Without Power

Angola Targets Wider Electricity Access Through Grid Expansion and Regional Interconnections About half of Angola’s population remained without access to electricity, highlighting the scale of the country’s electrification challenge despite growing power-generation capacity. Energy and Water Minister João Baptista Borges said the government was prioritising nationwide electrification, with public investment directed towards extending electricity access to underserved communities. Borges said Angola also needed to make greater use of its available generation capacity. The country currently

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Local Gas News

Angola Targets US$13 Billion Investment to Build Gas-Based Industries

Angola Gas Master Plan Targets US$13 Billion Across Five Industrial Hubs Angola has unveiled a gas investment plan worth more than US$13 billion aimed at developing infrastructure and industries around the country’s natural gas resources. The Gas Master Plan, presented by the National Agency of Petroleum, Gas and Biofuels (ANPG) during the 2026 Angola Oil & Gas Conference in Luanda, identified five industrial hubs in Cabinda, Soyo, Porto Amboim, Benguela and Namibe. Of the planned

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Expos & Events Local Oil

Angola Pushes for Greater Local Value in Oil and Gas Sector

BRIMONT CEO Calls for Stronger Angolan Participation in Oil and Gas Industry Angolan companies remain underrepresented in the country’s oil and gas industry despite growing technical capacity and an increasing number of locally qualified and certified firms, according to BRIMONT CEO Francisco Monteiro. Speaking after the 2026 Angola Oil & Gas Conference and Exhibition in Luanda, Monteiro said the country had made progress in developing local companies capable of meeting international industry standards. However, he

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Diamonds Economy Local News

Angola Expands Diamond Value Addition with New Saurimo Factory

Seventh Diamond Cutting and Polishing Factory Set to Open in Angola’s Saurimo Angola was preparing to open its seventh diamond cutting and polishing factory at the Saurimo Diamond Development Hub (PDDS) in Lunda Sul Province, further expanding the country’s domestic diamond processing capacity. The announcement was made by Minister of Mineral Resources, Oil and Gas Diamantino Azevedo during the Forum on Investment in the Mining and Oil Sectors in Menongue. The minister said the new

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International Transport and Logistics

Zambia Targets Rail Investment to Support Higher Production

Zambia Eyes TAZARA and Lobito Rail Upgrades to Move 3 Million Tonnes of Copper Zambia will need significant investment in railway infrastructure to support its ambitious production and export targets, Finance and National Planning Minister Situmbeko Musokotwane has said. Musokotwane said the country could not rely on road transport alone to move the volumes of agricultural and mineral commodities it plans to produce. Zambia is targeting annual production of 10 million tonnes of maize, three

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International Gas News Oil

Libya and Tunisia Open Joint Offshore Oil and Gas Bid Round

Libya-Tunisia Joint Oil Offers 3,000km² Offshore Acreage in New Exploration Bid Round Libya and Tunisia have opened a new bid round for oil and gas exploration and development opportunities in their shared offshore zone, covering approximately 3,000 square kilometres in the central Mediterranean. The round, launched by the Libya-Tunisia Joint Exploration, Exploitation and Petroleum Services Company (Joint Oil), includes exploration of the Joint Oil Block and development of the Zarat oil and gas discovery, which

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Corporate News International Oil

Petrobras Signs Eight Offshore Exploration Contracts in Côte d’Ivoire

Petrobras to Invest CFA250B in Côte d’Ivoire’s Deepwater Oil Exploration Programme Brazilian oil major Petrobras has signed eight production-sharing contracts with Côte d’Ivoire for offshore exploration blocks covering about 34,000 sq km in the country’s sedimentary basin. The agreements cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through its wholly owned subsidiary Petrobras Netherlands B.V., will operate the blocks with a 90% interest, while state-owned PETROCI Holding will hold the remaining

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Corporate News Local Oil

Eni Plans Up to US$2.3 Billion Investment in Angola in 2027

Eni to Invest US$2.3B in Angola as Azule Energy Expands Oil and Gas Development Eni plans to invest between US$2.2 billion and US$2.3 billion in Angola in 2027 as the Italian energy major and its Azule Energy joint venture advance new developments and extend production from mature oilfields. The planned spending will cover exploration, new field developments and brownfield activities aimed at sustaining and increasing production from Angola’s established offshore assets. Eni operates in Angola

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