Angola Overtakes Botswana as World’s Top Diamond Producer for First Time in Two Decades For the first time in 20 years, Botswana has lost its crown as the world’s leading diamond producer by value, with Angola edging ahead in 2024, according to data from the Kimberley Process (KP). Botswana’s diamond output fell sharply to 18.13 million carats worth US$1.36 billion in 2024, down 27.8% in volume and 58.6% in value from the previous year. By
Agogo FPSO Achieves Provisional Operational Readiness, Boosting Angola Oil Output The Agogo FPSO unit has been awarded a Provisional Operational Readiness Certificate (PORC), marking the start of its 15-year charter and operational lease. The certificate follows the commencement of production in July 2025 and formalizes the lease-and-operate agreement between FPSO developer Yinson Production and project operator Azule Energy. Yinson Production secured the contract with Azule Energy in 2023 for the provision, operation, and maintenance of
Minister Azevedo Unveils KUMA Project to Equip Angolans for Cabinda Refinery Jobs Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, has officially launched the KUMA Project in Cabinda. Designed to train 5,000 people in specialized skills, the initiative will directly support operations at the upcoming Cabinda Refinery. The program is led by Sonangol, Angola’s national oil company, in partnership with investment firm Gemcorp, the developers of the Cabinda Refinery. Training will be delivered
Bié Province Expands Clean Energy With New Solar Park and Rural Electrification for 200,000 Residents The province of Bié has strengthened its energy infrastructure with the inauguration of the Cuito Solar Photovoltaic Park, a project with 14.65 MWp of installed capacity that will supply clean power to more than 30,000 families. The inauguration ceremony, held on Sunday, was attended by the Minister of Energy and Water, João Baptista Borges, and the Provincial Governor of Bié,
Angola Cuts Fuel Imports to 9.4 Million Tons in Second Quarter of 2025 Angola imported 9.4 million metric tons of fuel in the second quarter of 2025, worth USD 438 million — an 18 percent decrease compared to the previous quarter, according to official data. Luis Fernando, Director-General of the Petroleum Derivatives Regulatory Institute (IRDP), told the Angola Press Agency that imports were dominated by diesel (59.6 percent), followed by gasoline (25 percent), Jet A1
Two New Solar Plants in Moxico Leste to Power Over 36,000 Homes by Year-End Moxico Leste’s energy capacity is set to expand significantly in the coming months with the launch of two new photovoltaic plants in Luau and Cazombo. The Luau facility is scheduled to begin operations in September, followed by the Cazombo plant in November, together supplying clean power to more than 36,000 households. According to the Moxico Leste provincial government, the Cazombo photovoltaic
Angola’s Mining Minister Flags Illegal Diamond Trade and Child Labor in Lunda Norte The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has warned that diamond mining in Lunda Norte faces “a serious and complex challenge,” with the province recording the highest number of illegal diamond hotspots in Angola. Speaking during the inauguration of a new university campus in Lunda Norte, a USD 60 million investment unveiled by President João Lourenço, the minister expressed
De Beers and Endiama Discover New Kimberlite Field in Angola, Boosting Diamond Potential The Angolan Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has confirmed the return of De Beers to Angola, highlighting the discovery of a new kimberlite field in partnership with Endiama, the national diamond company. The announcement was made in Saurimo during the inauguration of the Polytechnic Institute of Lueji A’Nkonde University. Minister Azevedo noted that the South African mining giant’s
Angola Crude Oil Production Dips Below 1 Million Barrels per Day in July, Raising Revenue Concerns Angola’s crude oil production fell below 1 million barrels per day in July, reaching its lowest level since March 2023. According to the National Agency for Petroleum and Gas (ANPG), output dropped to 998,757 barrels per day, missing the government’s projection of 1.07 million barrels. The decline poses a risk to Angola’s revenue targets, especially as oil prices trade
Angola Launches $69 Million Lueji A’nkonde University Campus to Educate Over 8,000 Students On August 14, Angola celebrated the inauguration of the Lueji A’nkonde University Campus in Lunda-Norte Province, a major investment exceeding $69 million by ENDIAMA. The ceremony was presided over by President João Lourenço, marking a significant milestone in Angola’s commitment to higher education and regional development. The new campus houses two faculties—Law and Economics—with a total of 87 classrooms: 47 for Economics
