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Local News Transport and Logistics

Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail

Tanzania and Angola Advance Rail Partnership to Connect East and West African Trade and Mining Corridors Tanzania and Angola have agreed to strengthen cooperation on a landmark rail connectivity initiative that aims to link the Indian Ocean and Atlantic Ocean coasts, creating a strategic transport corridor for trade, mining exports and regional economic integration. The agreement focuses on connecting Tanzania’s Central Corridor and the Tanzania-Zambia Railway Authority (TAZARA) network with Angola’s Lobito Corridor, establishing a

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Local Economy News

Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth

AfDB Sees Angola’s Growth Accelerating as Economic Reforms Boost Stability and Investment Angola’s economy is showing renewed strength, with growth accelerating on the back of structural reforms, higher investment and improved macroeconomic stability, according to the African Development Bank’s latest Economic Outlook for the country. The report highlights Angola’s continued progress in reducing its dependence on oil revenues while strengthening its fiscal position and creating conditions for more diversified economic growth. Despite global economic uncertainties

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Diamonds Economy Local

Angola Ranks Among the World’s Top Three Diamond Producers in 2025

Angola Becomes World’s Third-Largest Diamond Producer with 15.2 Million Carats in 2025 Angola has cemented its position as one of the world’s leading diamond-producing nations, ranking as the third-largest producer of natural rough diamonds in 2025 with an output of 15.2 million carats. The achievement highlights the continued growth of Angola’s mining sector and underscores the country’s increasing influence in the global diamond industry.  According to figures released by the government, Angola trails only Russia

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Local Corporate News Oil Petroleum

Pumangol Unveils App-Based Self-Service Fueling System in Angola

Pumangol Launches Digital Self-Service Fueling Platform to Modernize Customer Experience in Angola Angolan fuel distributor Pumangol has launched an innovative self-service fueling solution that allows motorists to refuel their vehicles independently using a mobile application, marking a significant step in the company’s digital transformation strategy. The new service, known as Self Service VIA, is integrated into the company’s VIA mobile app and enables customers to manage the entire fueling process without assistance from station attendants.

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Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Angola Spends Nearly $1 Billion on Fuel Imports in Q3 as Government Pushes Refining Capacity Growth Angola spent approximately $1 billion on fuel imports during the third quarter, highlighting the country’s continued reliance on imported petroleum products despite being one of Africa’s leading crude oil producers. The expenditure underscores a long-standing challenge within Angola’s energy sector: while the country exports significant volumes of crude oil, domestic refining capacity remains insufficient to meet national demand for

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Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

Angola and South Korea Strengthen Electricity Sector Cooperation to Accelerate Energy Infrastructure Investment Angola and South Korea have reinforced their cooperation in the electricity sector, paving the way for increased investment, technology transfer, and the development of critical energy infrastructure aimed at expanding access to reliable power across the country. The enhanced partnership reflects Angola’s ongoing efforts to modernize its power industry and attract international investment to support economic growth and industrial development. By leveraging

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Local Gas News

Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development

Diamantino Azevedo Urges Greater Natural Gas Cooperation to Drive Sustainable Growth Across Producing Nations Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, has called for the sustainable development of natural gas resources and deeper cooperation among producing countries, emphasizing the fuel’s growing importance in supporting economic growth, industrialization, and the global energy transition. Speaking on the future of the gas sector, Azevedo highlighted the need for producers to work more closely together to

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Local Economy News Oil

Angola Generates $8.33 Billion from Oil Exports in Third Quarter

Angola’s Oil Export Revenue Reaches $8.33 Billion in Q3 as Energy Sector Remains Economic Backbone Angola earned approximately $8.33 billion from crude oil exports during the third quarter, underscoring the continued significance of the petroleum industry as the country’s primary source of foreign exchange earnings and government revenue. The performance reflects Angola’s sustained position as one of Africa’s leading oil producers, with crude exports continuing to drive economic activity despite global market fluctuations and ongoing

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Local News Oil

Tanzania Signals Interest in Angola’s Lobito Refinery Project

Tanzania Eyes Partnership in Angola’s Lobito Refinery as Regional Energy Cooperation Gains Momentum Tanzania has expressed its willingness to partner with Angola on the development of the proposed Lobito Refinery, a strategic project aimed at strengthening fuel security, reducing import dependence, and expanding refining capacity in Southern Africa. The potential collaboration highlights growing energy cooperation between African nations as governments seek to maximize the value of their natural resources and improve regional energy resilience. Tanzania’s

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Local Mining Projects News

Angola Approves New Mining Projects as Government Updates Concession Portfolio

Angola Extends Mining Rights, Revokes De Beers Prospecting Licence and Approves New Iron Ore Investment Contract Angola has introduced a series of measures aimed at strengthening the management of its mining sector, including the extension of existing mining rights, the revocation of a diamond prospecting licence and the approval of new mining concessions and investment contracts. The decisions form part of the government’s broader efforts to improve oversight of the country’s mineral resources and support

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