Angola’s SODIAM Posts $1.4 Billion in Revenue and Major Sales Growth Between January and October The National Diamond Trading Company of Angola (SODIAM) recorded total gross revenue of $1.4 billion between January and October of this year, reflecting an increase of $338.5 million compared to the same period in 2024. A company statement notes that these results demonstrate the robustness of SODIAM’s commercial strategy. During the same period, the company reached a sales volume of
Luele Mining Adopts Advanced Itraceit System to Boost Diamond Transparency, Compliance, and Ethical Sourcing Sociedade Mineira do Luele has announced the integration of Itraceit, a state-of-the-art technological traceability system designed to enhance transparency, control, and regulatory compliance throughout the company’s diamond value chain. According to the company, adopting the Itraceit platform marks a significant milestone in its technological modernization efforts. The system supports Luele’s ongoing commitment to continuous improvement, operational efficiency, and strict compliance with
Endiama Strengthens Angola’s Diamond Sector at Kimberley Process Meeting 2025 in the UAE Endiama is actively participating in the 2025 Kimberley Process Meeting, taking place from November 17–21 in the United Arab Emirates, where the company is reinforcing Angola’s commitment to modernizing Kimberley Process (KP) certification and improving global mechanisms for diamond sector credibility, transparency, and responsible governance. The Angolan delegation includes Endiama Executive Administrator Domingos Margarida and Neide Fastudo, Head of Communication and Institutional
Angola’s Mining Renaissance: GeoAtlânticous Invests in Local Talent to Drive Stability and Growth Angola’s mining sector is undergoing a transformation that goes beyond geology and infrastructure. At the heart of this renaissance lies a bold commitment to people. Companies like GeoAtlânticous are investing in training Angolan geologists and engineers, a move that promises to reshape the industry by embedding expertise within the country itself. From Dependency to Self-Reliance For decades, Angola’s mining projects leaned heavily
Angola is moving decisively to revitalize its oil sector, combining a major licensing push, increased investments, and high-profile international agreements. The National Agency for Petroleum, Gas, and Biofuels (ANPG) announced that the country is set to award up to 60 oil and gas concessions by the end of 2025, surpassing the 50 blocks already allocated since 2019. The initiative is aimed at stabilizing Angola’s oil production, which had previously fallen below one million barrels per
President Droupadi Murmu’s Angola Visit Strengthens India–Angola Ties in Oil, Mining, and Emerging Technologies During her first-ever state visit to Angola, President Droupadi Murmu spotlighted new opportunities for Indian investment in Angola’s oil, mining, and technology sectors key areas that could define the next phase of India Angola economic cooperation. President Murmu met with Angolan President João Manuel Gonçalves Lourenço at the Presidential Palace in Luanda, where discussions centered on long-term energy security, mineral exploration,
Shell Signs $1 Billion Agreement with Angola to Develop 17 Ultra-Deepwater Oil Blocks The National Agency for Petroleum, Gas and Biofuels (ANPG) and Shell have signed a landmark agreement defining the terms for exploration and development of 17 ultra-deepwater oil blocks off the Angolan coast. The deal represents an initial investment of nearly $1 billion and marks Shell’s return to Angola after a 20-year absence. The agreement follows the memorandum of understanding signed in November
Angola Holds Major Potential for Solar and Hydropower Generation, Highlights German-Angolan Hydrogen Partnership Angola has one of the greatest potentials in Southern Africa for generating renewable energy from solar and hydropower sources, according to Vandre Spellmeier from the German-Angolan Hydrogen Office (H2-diplo). Spellmeier made the remarks on Wednesday in Luanda during the Conference on the Angola-Germany Energy Partnership. In a statement, Spellmeier emphasized Angola’s strategic importance in driving sustainable industrialization and strengthening the energy sector’s
Botswana and Angola Meet to Discuss Cooperation on De Beers Sale as Africa’s Diamond Market Shifts Botswana and Angola held high-level talks in Gaborone, Botswana, as both countries position themselves to gain control of De Beers, the diamond unit that Anglo American is selling as part of a corporate restructuring. Botswana’s Mines Minister Bogolo Joy Kenewendo and Angola’s Mineral Resources Minister Diamantino Pedro Azevedo met privately for approximately 40 minutes before making brief comments to
J.P. Morgan Becomes First U.S. Bank to Restore Dollar Clearing in Angola, Signaling Confidence in Financial Reforms J.P. Morgan has become the first U.S. bank in nearly a decade to resume dollar clearing services in Angola, marking a major step in the country’s ongoing efforts to reconnect with global financial markets after years of isolation caused by corruption and compliance concerns. The move ends a nine-year absence of major U.S. banks from Angola, following their
