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Local News Transport and Logistics

EU Highlights Lobito Corridor’s Role in Boosting Trade and Youth Opportunities in Southern Africa

The Lobito Corridor can strengthen trade and investment opportunities for Angola, Zambia, and the Democratic Republic of Congo, said the European Union (EU) Ambassador to Angola, Rosário Bento Pais, on Thursday in Luanda. Speaking at the launch of four EU-funded youth entrepreneurship projects in Luanda, the ambassador emphasized that the corridor has the potential to drive economic diversification and create job opportunities for young people across Angola, Zambia, and the DRC. She noted that the

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Local Economy News Oil

Trump’s Potential Return Could Strengthen U.S.–Angola Energy Ties

The possible return of Donald Trump to the U.S. presidency could usher in a new phase of cooperation between the United States and Angola, particularly in the oil and gas sector. With Trump’s consistent support for fossil fuel development—captured in his familiar slogan “drill, baby, drill”—Angola, one of Africa’s top oil producers, may benefit from a foreign policy that places energy collaboration at its core. Angola’s hydrocarbon-rich deepwater basins have long drawn international investment. American

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Local Governance News Oil

Tanzania and Angola Deepen Energy Ties with President Hassan’s Visit to Luanda Refinery

Tanzania’s President Samia Suluhu Hassan paid an official visit to Angola’s Luanda Refinery in April 2025, highlighting growing cooperation between the two nations, particularly in the energy sector. Hosted by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, the tour offered President Hassan a firsthand look at the refinery’s operations, including its refining processes, modern technologies, and ongoing expansion efforts. The visit also featured high-level discussions focused on knowledge exchange, investment opportunities, and

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Corporate News Local Oil

Sonangol  Seeks $4.8 Billion to Revive Lobito Refinery and Cut Fuel Imports

Angola’s state oil company, Sonangol, is in advanced talks with Chinese and European banks to secure $4.8 billion in funding needed to complete its long-delayed Lobito refinery project. The facility, once operational, will have the capacity to process 200,000 barrels of crude oil per day, significantly reducing the country’s dependence on imported refined fuel. Despite being Sub-Saharan Africa’s second-largest crude oil exporter, Angola imports nearly 80% of its refined petroleum products. The Lobito refinery is

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Transport and Logistics Local News

AD Ports Group Awards Contracts for $250M Luanda Port Modernization

AD Ports Group has awarded contracts to Mar Construction Civil & Obras Publicas and Dar Al-Handasah Consultants Shair & Partners for the modernization of the Noatum Ports Luanda Terminal in Angola. Mar Construction will be responsible for designing and building both the topside and marine infrastructure, while Dar Al-Handasah will manage the project and oversee construction supervision. Launched on January 30, 2025, the upgrade aims to transform the terminal into a state-of-the-art facility handling general

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Corporate News Diamonds Local

Lucapa Reports 9% Increase in Lulo Diamond Resource for Seventh Consecutive Year

ASX-listed Lucapa Diamond Company has announced a 9% increase in the Joint Ore Reserve Committee (JORC)-compliant inferred alluvial diamond resource at its Lulo concession in Angola, adding 249,000 carats to the total. This marks the seventh consecutive year of resource growth at the Lulo project, reinforcing its long-term production potential. Additionally, the total diluted gravel volume available for mining has risen by 15% to 5.8 million cubic metres, supporting a production horizon of at least

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Local News Oil

Angola Signs New Onshore Oil Contracts to Boost Medium-Term Production

The National Oil, Gas and Biofuels Agency (ANPG) has signed two new contracts with three companies to share onshore oil production in Blocks CON 3 and KON 15, located in Angola’s Lower Congo and Kwanza Basins, respectively. The agreements, signed on Monday, involve Walcot, which will operate Block CON 3, and a consortium of Sonangol and Afentra, which will jointly operate Block KON 15. The ceremony was attended by Alcides Andrade, Executive Director of ANPG;

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Local Economy News

Angola’s Exports to China Drop 16.4% Amid Wider Lusophone Trade Decline

Angola’s exports to China fell by 16.4% to USD 2.37 billion in the first two months of 2025, according to data from China’s Customs Services, as cited by Lusa. Despite the decline, Angola remains China’s second-largest trading partner among Portuguese-speaking countries. The overall exports from Portuguese-speaking countries to China dropped by 30.7% during the same period compared to the first two months of 2024. According to figures compiled by the Forum for Economic and Trade

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Local Gas News Oil

Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana

Nigeria, Angola, and Ghana have successfully fulfilled their capital commitments to establish the Africa Energy Bank (AEB), a financial institution aimed at bridging the funding gap in Africa’s oil and gas sector. This achievement represents 44% of the total funding required from the African Petroleum Producers Organisation (APPO) members to initiate the bank’s operations. Dr. Omar Farouk Ibrahim, Secretary General of APPO, made the announcement at the recent Congo Energy & Investment Forum. With an

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Local Mining Projects News

Angola’s Longonjo Mine Set to Supply 2.5% of Global Rare Earth Demand

Production at Angola’s Longonjo mine, slated to begin in 2027, is projected to meet 2.5% of global rare earth demand, according to Alcídio José, Chairman of Ozango Minerais, the company overseeing the project. The mine, located in Longonjo, approximately 70 km from Huambo, is part of a strategic initiative that includes shareholders like the British company Pensana and the Angolan Sovereign Fund. The Longonjo mine will play a crucial role in the energy transition, producing

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