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Category: Environment Social Governance (ESG)

Oil Diamonds Environment Social Governance (ESG) Gas Local Mining

Oil and Gas Minister Encourages Industry Companies to Drive Community Development via Social Initiatives

Minister of Mineral Resources, Oil, and Gas, Diamantino de Azevedo, stressed the imperative for companies in the sector to engage closely with neighboring communities by initiating social projects that contribute to local development. During the launch of construction for 300 social housing units aimed at resettling families near the Luele mining area in Saurimo, the minister underscored the significance of companies not only fulfilling financial obligations but also assuming social responsibilities and collaborating with local

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Diamonds Economy Environment Social Governance (ESG) Local

ENDIAMA invests USD 6 million in social Responsibility

Over the last five years, Angola’s National Diamond Company has invested a total of six million US dollars in the Lucrécia Paím maternity hospital, to improve maternal and neonatal care in that unit, which is dedicated to the medical monitoring of pregnant women until the end of their pregnancy, as well as the care of parturients. The financial support is part of its social responsibility and is the result of a memorandum signed in May

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Diamonds Environment Social Governance (ESG) Local

IFC funds Angola Endiama clinic with US$72M

The International Finance Corporation (IFC), last week in the Province of Luanda guaranteed 72 million US dollars to support the construction and expansion of the Sagrada Esperança Clinic (CSE), run by the Endiama group. To formalise this fund, CSE and IFC (a member of the World Bank) finalised a financing agreement, which was signed by the clinic’s chairman, Rui Pinto, and IFC vice-president, Sérgio Pimenta, who made a two-day visit to Angola. At that time,

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Diamonds Environment Social Governance (ESG) News

ENDIAMA pay support to the School of Sciences of UAN

ENDIAMA has recently delivered a Toyota vehicle, Land-Cruiser model and computer equipment, including computers and overhead projectors to support academic activities at the School of Sciences of Agostinho Neto University, as part of its social responsability. The executive director Domingos Margarida who was representing the chairman of the board directors Ganga Júnior, said that the donation is part of the spirit of cooperation between ENDIAMA E.P, and that institution of higher education. “The structures of

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Diamonds Environment Social Governance (ESG) International

Russia escapes Kimberley Process sanctions

Last week’s Kimberley Process meeting in Botswana rejected a petition from civil society and representatives from Ukraine, the European Union, Australia, Great Britain, Canada and the United States, which sought to broaden the definition of “blood diamonds”. , a wording that would include diamonds from or with the participation of Russia. In the run-up to the meeting, various civil society groups lobbied, via a public statement, to place sanctions on Russia on the meeting’s agenda. However,

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Environment Social Governance (ESG) Economy

Angola’s debt to China drops to USD 21.4 billion

Angola’s debt to China fell by USD 351 million in the first quarter, to USD 21.4 billion, according to data from REDD Intelligence. The rise in oil prices is helping the Portuguese-speaking African country, the second largest oil producer in sub-Saharan Africa, to reduce debt to Chinese creditors, according to data quoted by the South China Morning Post. Angola´s debt to Chinese creditors has remained stable at USD 22 billion in the last two years, but

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Environment Social Governance (ESG) Infrastructure

China Gezhouba Group Company reaches deal with workers at Angolan hydroelectric project of Caculo Cabaça

Workers at the Angolan hydroelectric project of Caculo Cabaça and the management of the Chinese contractor China Gezhouba Group Company (CGCG) signed a collective agreement to improve working conditions. Following protests at the site that resulted in fatal clashes between workers and the police, the agreement was signed in the presence of the Angolan Minister of Energy and Water, João Baptista Borges, who suggested, on the occasion, the creation of a monitoring committee “to verify

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Energy Environment Social Governance (ESG)

Natural Gas Exploitation Key To Solving Africa’s Deforestation, Emissions and Energy Security Issues

Africa’s natural gas resources provide the continent with an opportunity to speed up the energy transition, reduce emissions and deforestation while at the same time addressing energy security Despite having 620 trillion cubic feet of natural gas reserves, Africa’s over reliance on wood-based biomass energy remains high, resulting in an increase in land degradation, deforestation and greenhouse gas emissions, and in over 900 million people across the continent living without access to clean cooking. However,

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Energy Environment Social Governance (ESG)

Angola Joins the EITI as Africa’s 28th Member

The board for the international non-profit organization, the Extractive Industries Transparency Initiative (EITI), has approved Angola’s application to become a member of its standards, demonstrating the southern African country’s commitment to the implementation of transparency practices in the extractive sector. With the approval, Angola becomes the 57th member country of the organization and the 28th from Africa. With the fight against corruption serving as the cornerstone of Angolan President, H.E. João Lourenço’s administrative policies since taking office

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