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Local Energy News

Angola’s $4.5 Billion Caculo Cabaça Dam Powers Ahead as Construction Accelerates

Angola’s 2,172MW Caculo Cabaça Hydropower Project Nears Completion as Construction Accelerates Construction of Angola’s landmark Caculo Cabaça Hydropower Project is advancing rapidly, with work on the main dam structure progressing as the country moves closer to adding 2,172 megawatts of new generation capacity to its power system. Located on the Kwanza River in Kwanza Norte Province, about 250 kilometres east of Luanda, the $4.5 billion project is being developed by Angola’s Ministry of Energy and

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Diamonds Local News

Angola’s Diamond Push Gains Momentum as New Mines Reshape the Industry

Angola Diamond Industry Targets Global Top Two by 2030 With New Mining Projects Angola is stepping up efforts to strengthen its diamond industry, targeting a rise to the world’s second-largest diamond producer by 2030 through increased investment, structural reforms and stronger transparency standards. The government says the ambition will be supported by strategic partnerships with international mining companies and the expansion of major projects that can significantly increase national output. The Luele mine in Lunda

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Local Economy News Oil

Angola’s Oil Revenue Surges to $8.91 Billion as Crude Exports Gain Momentum

Angola Oil Revenue Jumps 54.7% to $8.91 Billion in Second Quarter Angola generated $8.91 billion from crude oil exports in the second quarter of 2026, marking a sharp increase in petroleum revenues and highlighting the continued importance of oil to the country’s export earnings. The country exported 88.12 million barrels of crude during the quarter, according to Secretary of State for Mineral Resources Jaime Victor. Oil export revenue increased by 54.71% compared with the same

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Local Economy News Oil

Angola Targets Oil Production Growth Through New Upstream Strategy

Angola Targets 1.2 Million Bpd Oil Output as New Projects and Exploration Advance Angola is targeting a turnaround in oil production as the government steps up efforts to revive mature fields, accelerate new projects and expand exploration across the country’s offshore basins. Angola’s crude output has fallen from around 2 million barrels per day (bpd) in 2008 to approximately 1.03 million bpd in 2026, largely due to declining mature fields, ageing infrastructure and slower investment.

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Local News Oil

Angola Records Strong Increase in Oil Revenue in Second Quarter

Angola’s Oil Revenue Jumps 54.71% in Second Quarter as Higher Prices Boost Earnings Angola recorded a significant increase in revenue from crude oil sales during the second quarter of 2026, supported by stronger international oil prices and improved export earnings. The increase comes as the oil sector continues to play a central role in Angola’s economy and public finances, despite ongoing efforts by the government to diversify economic activity and reduce dependence on hydrocarbons. The

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Corporate News Local Oil

Galp Signals Potential Return to Angola as Oil Opportunities Re-emerge

Galp Considers Return to Angola’s Oil Sector as Company Assesses New Exploration Opportunities Portuguese energy company Galp has signalled that it could return to Angola’s oil sector, potentially marking a renewed interest in one of Africa’s most established hydrocarbon markets. Galp Chief Executive Officer João Diogo Marques da Silva said the possibility of returning to Angola exists, while confirming that the company is assessing opportunities in the country. The company’s previous experience in the Angolan

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Exploration Local Mining Projects

Namibe Moves to Unlock Copper Potential with New Exploration Campaign

Angola’s Namibe Province to Begin Copper Exploration as Mining Diversification Accelerates Angola’s Namibe Province is preparing to launch copper prospecting activities in Kapangombe, in the municipality of Bibala, as the country intensifies efforts to diversify its mining industry and unlock new mineral resources. The prospecting campaign is expected to begin in the coming days and forms part of broader efforts to expand mineral exploration in Namibe, a province with growing importance to Angola’s mining and

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Local News Transport and Logistics

Lobito Port Handles 931,000 Tonnes of Cargo as Regional Trade Gains Momentum

Lobito Port Moves 931,000 Tonnes of Cargo in First Half of 2026, Strengthening Angola’s Regional Trade Role The Port of Lobito handled 931,000 tonnes of cargo during the first half of 2026, highlighting its growing importance as a strategic logistics gateway for Angola and the wider region. During the period, the port received 177 vessels, with the volume of cargo handled reflecting continued activity across Angola’s maritime and logistics sectors. The performance comes as the

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Local Mining News

ANGOP Strengthens Its Role in Promoting Angola’s Growing Mining Sector

ANGOP Emerges as Key Voice in Angola’s Mining Sector Development The contribution of the Angola Press Agency (ANGOP) to the promotion and dissemination of information about Angola’s mining sector has been recognised as an important tool for strengthening the industry’s visibility and supporting investment. The recognition comes as Angola continues efforts to diversify its economy and position mining as a key driver of economic growth. The sector has significant potential in diamonds, gold, iron ore,

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Transport and Logistics Local News

Lobito Corridor Inspires Plans for Lagos-Dakar Transport Link

Lobito Corridor Sparks Plans for New Lagos-Dakar Trade and Transport Link The success and growing strategic importance of Angola’s Lobito Corridor is inspiring plans for a new transport and trade link connecting Lagos in Nigeria to Dakar in Senegal. The proposed Lagos-Dakar connection would strengthen economic integration across West Africa by improving the movement of goods, people and services between major commercial centres along the Atlantic coast. The initiative reflects growing interest in developing interconnected

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