Angola Plans Lobito Corridor Expansion to Dar es Salaam to Strengthen Africa Trade Routes and Supply Chains Angola is considering extending the Lobito Corridor to Dar es Salaam in Tanzania, a move aimed at strengthening regional integration and creating a more efficient trade route linking the Atlantic and Indian Ocean coasts. Speaking at the “Radar Africa – The Paths of Angola” conference in Lisbon, Minister of State for Economic Coordination José de Lima Massano said
Angola Oil Export Revenue Climbs 10% to $7.16B in Q1 2026 as Higher Brent Prices Boost Earnings Angola generated $7.16 billion from crude oil exports in the first quarter of 2026, representing a 10.18% increase compared to the same period in 2025, according to government data. The figures were presented by Secretary of State for Oil and Gas José Barroso during a quarterly review of the country’s oil and gas sector performance. Higher prices drive
Angola Upstream Oil Industry Identified as Medium Risk for Money Laundering and Corruption, New ANPG Report Says Angola’s upstream oil exploration and production sector carries multiple risks related to money laundering, corruption, and potential terrorist financing, according to a new regulatory study. The report, the Sectoral Risk Assessment on Money Laundering, Terrorist Financing and Proliferation Financing in the Upstream Segment, was prepared by the National Agency of Petroleum, Gas and Biofuels (ANPG) with support from
Angola’s Calucuve Dam Set for July Completion to Boost Water Supply, Agriculture, and Drought Resilience The Calucuve Dam, located in the municipality of Cuvelai in Cunene province, is expected to be completed in July, according to the Ministry of Energy and Water. The project is part of Angola’s broader efforts to improve water access, strengthen drought resilience, and support regional development in the south of the country. Major water infrastructure project The Calucuve Dam includes
Angola Opens $9M Chitotolo Processing Plant in Lunda Norte, Raising Diamond Output Capacity by 140% The governor of Lunda Norte, Filomena Miza, has inaugurated the new Recovery and Processing Plant (CRP) of the Chitotolo Mining Company in a ceremony attended by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. The new facility is expected to significantly increase diamond production capacity while creating additional employment opportunities in the province, supporting both local livelihoods
Angola Launches Chiri Mining JV as Endiama and Rio Tinto Begin Diamond Exploration in Lunda Sul Angola’s state-owned Endiama and global mining company Rio Tinto have officially launched the Chiri Mining Company, a joint venture that will carry out diamond prospecting and exploration in the Lunda Sul province. The company was formally established during a ceremony attended by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, marking a new phase in the country’s
Africa Finance Corporation and AfDB Back $5 Billion Lobito Corridor Railway to Connect Zambia Copper Mines to Angola Port The Africa Finance Corporation (AFC) and the African Development Bank (AfDB) have each committed $500 million toward the development of the Lobito Corridor railway project, a strategic infrastructure link designed to connect Zambia’s copper-rich regions to global markets through the Angolan port of Lobito. In addition, Italy will contribute approximately $320 million to the project, according
ReconAfrica Enters Angola Oil Exploration with New Partnership as Kavango Basin and Gabon Projects Advance Reconnaissance Energy Africa (ReconAfrica) has expanded its African exploration footprint, marking a strategic entry into Angola while continuing to advance key oil and gas projects across the continent. The company confirmed new exploration activity in Angola alongside ongoing developments in Namibia and Gabon, as it strengthens its position in several high-potential sedimentary basins. Angola Entry Marks Strategic Expansion A major
Angola Boosts Mining Oversight in Huíla as Government Targets Illegal Mining and Advances Digital Licensing System Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, conducted a working visit to Huíla Province this Monday, where he led a consultation meeting with operators in the ornamental stone sector. The discussions focused on key industry challenges, including licensing procedures, sector registration, and the rollout of digital systems for mining administration. The meeting took place in Lubango
Angola to Finalize $400M Debt-for-Education Deal by June as Government Restructures Debt and Boosts Education Spending Angola is set to complete a $400 million debt-for-education swap by June, according to Finance Minister Vera Daves de Sousa, as the country intensifies efforts to manage its debt burden while increasing investment in social sectors, particularly education. The agreement, backed by guarantees from the World Bank, will be structured through a commercial bank tasked with executing the transaction,
