N’dola Sul Start-Up Boosts Angola’s Oil Output as Government and Chevron Extend Life of Block 0 The start-up of the N’dola Sul oil project in Block 0 has been hailed as a major milestone for Angola’s oil industry, strengthening national production capacity and extending the life of one of the country’s most historic offshore assets. Speaking at the ceremony marking the start of production, the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, underscored
GIA Eyes Certification of Angolan Diamonds as U.S. Interest in Angola’s Diamond Sector Grows Angola’s diamond industry is attracting growing interest from the United States, with the Gemological Institute of America (GIA) signalling its intention to collaborate on the certification of diamonds produced in the country. The initiative could strengthen Angola’s position in the global diamond market while supporting local economic development. During a visit to diamond sector infrastructure in Lunda Sul Province, a GIA
Indian Oil Buys Angolan Crude as India Accelerates Move Away from Russian Oil Supplies India’s largest refiner, Indian Oil Corporation (IOC), has purchased about two million barrels of crude oil for March delivery as it accelerates a strategic shift away from Russian supplies and deepens sourcing from Africa, the Middle East, and Latin America. The purchases underscore Angola’s growing importance in India’s crude import mix, helping New Delhi reduce its reliance on Russian oil amid
Angola Launches First Vehicle Assembly Plant as Opaia Group Moves to Cut Import Dependence Angola has taken a significant step towards rebuilding its industrial base with the opening of its first fully operational vehicle assembly plant, signalling renewed efforts to reduce the country’s heavy reliance on imported cars and buses. The facility, officially launched in Luanda by the privately owned Opaia Group, marks the return of vehicle production to the oil-rich southern African nation after
Angola Polished Diamond Exports More Than Double in 2025 as Volumes and Revenues Rise Angola’s polished diamond exports more than doubled in 2025, recording strong growth in both volumes and total export value despite a decline in average prices, according to a statement released by the country’s national diamond trading company, Sodiam, on January 26. Sodiam reported that between January 1 and December 31, 2025, Angola exported 23,300 carats of polished diamonds at an average
Zambia Ambassador in Angola Attends Diplomatic New Year Ceremony, Boosts Regional Cooperation Zambia’s Ambassador to the Republic of Angola, His Excellency Reverend Dr. Elias Munshya, attended the New Year Greetings Ceremony of the Diplomatic Corps hosted by Angolan President João Lourenço in Luanda. The ceremony, held at the Protocol Complex of the Angolan Presidency, brought together members of the diplomatic community accredited to Angola. During the event, President Lourenço reaffirmed Angola’s commitment to peace, regional
Pensana Launches 7 000 m Infill Drill Programme at Longonjo Rare Earths Project in Angola London-listed Pensana has commenced preparations for a 7 000 m infill drilling programme at its Longonjo rare earths project in Angola, marking another step toward mine development. The drilling programme is designed to deliver detailed geological and grade control data ahead of the planned start of mining and stockpiling or blending activities in early 2027. It will run in parallel
Brent Oil Climbs to $65.46 on Iran Tensions, Strengthening Angola’s Export Benchmark The price of a barrel of Brent crude oil, the international benchmark used for Angola’s oil exports, closed higher on Monday on the London futures market. Contracts for March delivery rose by 2.49 percent to $65.46 per barrel, driven by growing concerns over potential supply disruptions from Iran. The upward movement reflects heightened investor anxiety about instability in Iran, one of the largest
Lobito Corridor Attracts Over $6 Billion as Global Investors Back Africa’s Critical Minerals Route International investor momentum behind the Lobito Corridor continues to strengthen, with global financial commitments to the strategic regional infrastructure project now exceeding USD 6 billion. Linking the Democratic Republic of Congo (DRC), Angola, and Zambia to international markets via Angola’s Port of Lobito, the corridor is increasingly regarded as a cornerstone of Africa’s critical minerals supply chains and regional industrial integration.
Rising Oil Prices Boost Africa’s Leading Oil Producers Africa’s largest oil-producing countries are among the main beneficiaries of the recent increase in global oil prices, driven by heightened geopolitical tensions and escalating United States pressure on Iran. Countries such as Nigeria and Angola have recorded notable gains, particularly in their dollar-denominated sovereign debt. In recent trading sessions, debt securities issued by these oil-producing nations led market advances, reflecting improved investor sentiment. Angolan bonds maturing in
