You are Here

Category: Local

Local Diamonds Gas Mining Oil

Mining sector sees Potential of Cuanza-Sul

The copper and diamond mines in Cuanza-Sul province hold the potential to amplify local mining operations and broaden the avenues for wealth creation. This vision was emphasized recently by João Chimuco, the Executive Administrator of the National Mining Resources Agency. During his recent visit to Sumbe, the capital of Cuanza-Sul province, João Chimuco emphasized the necessity for collective involvement to effectively translate potential wealth into tangible resources. Following a courtesy meeting with the vice-governor for

Loading

Read More Here

Local News

Angola hosts 15th Assembly of African Geological Services

The event aims to bring together the 44 member countries of the African Geological Survey Organization  to discuss the issue of minerals for the energy transition in Africa, to support the African Mining Vision (VMA). According to the Ministry of Mineral Resources, Oil and Gas, on Facebook, the program includes the intervention of the minister, Diamantino Pedro Azevedo. On the occasion, guided tours will be carried out to the geological structures observable in the Miradouro da Lua-Cabo

Loading

Read More Here

Gas Local Oil Petroleum

ASSEA and Muhatu Energy Launch ‘Ubuntu’ Internship to Boost Women in Angola’s Oil Sector

The Association of Autochthonous Companies for the Oil Industry of Angola (ASSEA), in collaboration with the Muhatu Energy Angola (MEA) platform, is set to unveil the ‘Ubuntu’ internship program in Luanda. The initiative aims to provide final-year students of technical-professional courses with a hands-on experience in a real work environment. Designed to prioritize gender diversity, the program is exclusively tailored for female students. Currently, women constitute only 22 percent of the total workforce in the

Loading

Read More Here

Economy Local News

Angola-DRC Trade Soars to Over $100 Million in 2022

Trade between Angola and the Democratic Republic of Congo (DRC) witnessed remarkable growth, exceeding $100 million in 2022, as announced at the 2nd Angola Economic Forum – DRC in Luanda. The Minister of Industry and Commerce, Rui Miguêns, presented the data, highlighting the increase from $46 million, along with a rise in imports from $2.5 million to $10 million during the same period. Despite acknowledging some unaccounted transactions, Minister Rui Miguêns believes Angola’s official trade

Loading

Read More Here

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

Loading

Read More Here

Economy Local News

Angola’s Economy Predicted to Grow by 3% in 2024

Global organization the International Monetary Fund (IMF) forecasts a 3% growth for Angola’s economy in 2024. In a report titled, ‘Regional Economic Outlook on Sub-Saharan Africa: A Light on the Horizon?,’ the IMF projects that improved economic performance and a return to fiscal consolidation are also expected during the year, with the country’s 2024 growth surpassing 2023 levels. The report further suggests a forecasted year-on-year consumer price increase of 22.3% for 2024 in Angola, exceeding

Loading

Read More Here

Energy Local News Oil Petroleum

Afentra Secures Angola’s Approval for Block Acquisitions from Sonangol

Independent energy company Afentra has received approval from Angola for the acquisition of stakes in Block 3/05 and Block 23 from the country’s National Oil Company Sonangol. Under the agreement, which is pursuant to a sale and purchase agreement between Sonangol and Afentra through its wholly-owned subsidiary Afentra (Angola), the company will acquire a 14% interest in Block 3/05 and a 40% stake in Block 23, offshore Angola. Afentra is also working with Sonangol to

Loading

Read More Here

Infrastructure Local News

Angola Opens New $3 Billion Luanda International Airport

The government of Angola has officially inaugurated the new Dr. António Agostinho Neto International Airport (AIAAN), which will serve as the country’s main hub for passenger and cargo services, gradually replacing Luanda’s Quatro de Fevereiro Airport (LAD). The airport construction is estimated to have cost over $3 billion, including the supporting infrastructure. Angola’s Minister of Transport, Ricardo Viegas D’Abreu, told Simple Flying that it is a public investment fully funded by the government. This will

Loading

Read More Here

Economy Local News Petroleum

Investors Encouraged to Build Fuel Stations

The stability of the operation of the fuel market and other petroleum derivatives should also be the responsibility of the business class, focusing on providing better services to the population. This perspective was put forward by the Vice Governor of Huambo for the Economic and Social Sector, Angelino Elavoco, at a recent seminar on encouraging the construction of new privately initiated fuel stations and the rehabilitation of out-of-service stations. Angelino Elavoco acknowledged that the enthusiasm

Loading

Read More Here

Economy Local News Oil

Azule Energy Pioneering Oil Firm Embraces Cutting-Edge Technology

Azule Energy has recently commenced the construction of the FPSO Agogo, which will feature a Carbon Capture and Storage Unit (“CCS”), to be installed in the offshore Block 15/06 in Angola. According to a statement sent to the Jornal de Angola, the construction of the facility is being undertaken by the company “Yinson Production,” specializing in FPSO leasing. This marks the world’s first post-combustion carbon capture unit installed on board an FPSO, designed on a

Loading

Read More Here

1 … 98 99 100 101 102 … 129