Angola Approves Afentra’s Risk Service Contract for Offshore Block 3/24 to Boost Oil and Gas Development British energy company Afentra plc has announced that the Angolan government has approved a risk service contract (RSC) for offshore Block 3/24, marking a major milestone in the company’s continued expansion in West Africa. The block covers an area of approximately 545 square kilometers. A presidential decree validating the contract has officially set the project in motion. Under the
Zambia, Angola Deepen Bilateral Cooperation for Shared Development Zambia and Angola have reaffirmed their commitment to strengthening bilateral cooperation across key sectors, including trade, infrastructure development, defence, and regional integration. Minister of Foreign Affairs and International Cooperation, Hon. Mulambo Haimbe, delivered a special message from President Hakainde Hichilema to Angolan President João Lourenço during a visit to Luanda. The message underscored Zambia’s desire to deepen collaboration with Angola in advancing mutual economic growth and regional
Sonamet Targets Namibia as Part of Regional Expansion Strategy Angolan oil and gas fabrication company Sonamet is setting its sights on regional growth, with Namibia emerging as a top priority for expansion. The company aims to extend its proven expertise and infrastructure beyond Angola to strengthen its footprint across southern Africa. According to Sandro Ferreira, Sonamet’s Marketing and Commercial Director, the company is actively engaging with the Namibian government and public institutions to explore investment
Etu Energias Signs Structured Financing Deal with Mauritius Commercial Bank and TotalEnergies for Angola Offshore Project Etu Energias, Angola’s largest privately-held oil company, has finalized a structured disbursement agreement with Mauritius Commercial Bank and energy major TotalEnergies to finance capital expenditure and development activities at Block 17/06, offshore Angola. Block 17/06 is home to the Begonia project, Angola’s first inter-block development, which began production in 2025. The block is operated by TotalEnergies alongside partners Sonangol
DRC, Angola, Zambia, and European Union Partner to Boost Trade, Infrastructure, and Mining Value Chains Through Lobito Corridor On the sidelines of the Global Gateway Forum, the Democratic Republic of the Congo (DRC), Angola, and Zambia signed a landmark cooperation agreement with the European Union (EU) to accelerate the integrated development of the Lobito Corridor—a key initiative aimed at enhancing trade, transport infrastructure, and industrial competitiveness across Central Africa. The partnership was officially announced by
SODIAM Raises $16.9 Million in 15th Electronic Rough Diamond Auction The Angolan National Diamond Trading Company (SODIAM) announced the successful sale of 36 special rough diamonds, generating a total net value of US$16.9 million at its 15th electronic auction held on Wednesday. The diamonds were produced by leading mining companies, including SOMILUANA, Lulo, Kaixepa, Mussende, Chitotolo, Calonda, and Catoca, and comprised a total of 1,529.8 carats. The auction results exceeded expectations by 9.14%, reflecting strong
Pensana Advances Rare Earth Exploration with Coola Drilling Programme in Angola London-listed Pensana has successfully completed an initial drilling programme at the Coola carbonatite, located approximately 30 km north of the company’s flagship Longonjo rare earth project in central Angola. Longonjo is recognized as one of the world’s largest undeveloped rare earth deposits, and Coola forms a key part of Pensana’s regional exploration strategy, aimed at extending the Longonjo project’s life-of-mine. Drilling Programme Details The
Chevron Completes Seismic Data Acquisition for Angola’s Blocks 49 and 50, Boosting Offshore Exploration American multinational energy company Chevron has completed seismic data acquisition for Blocks 49 and 50, located in the ultra-deepwaters of Angola’s Lower Congo Basin. The company is now moving forward with data processing to assess the blocks’ exploration potential. This initiative is part of Chevron’s broader strategy to expand offshore exploration in Angola. It follows the signing of a Risk Service
Angola Plans to Grant 60 Oil and Gas Blocks by 2025 to Boost Production Above One Million Barrels Per Day Angola is on track to award 60 oil and gas concessions by the end of 2025, driven by its multi-year licensing rounds and direct negotiation program. This move represents a significant step in Angola’s strategy to maintain production above one million barrels per day. At the African Energy Week: Invest in African Energies 2025, Alcides
Angola’s First Niobium Mine to Launch in Huila with $150M Investment by Niobonga The Chinese company Niobonga has secured a concession to mine niobium in the village of Bonga, within the Quilengues municipality of Huila province, Angola. The company has invested $150 million in the project, which is expected to produce 8,000 tons of ferroniobium and 150,000 tons of sulfuric acid per year. Exploration is slated to begin later this year, marking the first niobium
