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Local News Transport and Logistics

AGL Logistics Launches Operations at Lobito Terminal in Angola

Africa Global Logistics (AGL) has inaugurated operations at the AGL Lobito Terminal, a versatile container and bulk goods facility situated within Angola’s Port of Lobito. This development follows AGL’s successful bid secured through an international tender process in October 2023. The terminal, with its impressive capacity to handle over one million tons of bulk goods and accommodate 100,000 TEU containers annually, marks a significant milestone in enhancing trade connectivity and logistics efficiency in the region.

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Diamonds Local News

Luele Mining Company Announces 119 Job Openings to Bolster Operations

Luele Mining Company has unveiled 119 job opportunities across various fields to strengthen its workforce and enhance operations at the mine. According to Constantino António, the head of provincial services at the National Institute for Employment and Vocational Training (INEFOP) in Lunda-Sul, positions available include service assistants, safety personnel, firefighters, machine operators, technicians, engineers, and specialists in various fields. Interested candidates are required to register at INEFOP with necessary documents, including their ID, passport-sized photos,

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Diamonds Local Mining News

Catoca Mining Company Enhances Water Management with New Pumps

Catoca Mining Company, situated in the province of Lunda Sul, has recently acquired nine suction pumps equipped with an advanced automation system from South Africa. These pumps boast a pumping capacity of up to 800 cubic meters per hour, aimed at improving the flow and suction of submerged water within the mine. According to José Jorge Chingango, head of the Water Evacuation section, the acquisition of these pumps will ensure smoother operations. Initially, maintenance will

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Local Mining Mining Projects News

Somiluana Mining Company to Inaugurate New Sorting Plant

The Somiluana Mining Company, located in Lunda-Norte province, is set to inaugurate its new Sorting Plant (CRP) this month, with a capacity of 6 tons of cubic meters. Guilherme Raimundo, the deputy general director of the mining company, announced that this new facility could significantly boost diamond production at the secondary deposit by approximately 12,000 carats per month, leading to the creation of over 700 jobs. The inauguration ceremony marks the commencement of large-scale production

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Diamonds Local News

SODIAM to Host Online Auction for Special Diamonds in Luanda

The National Diamond Trading Company of Angola (SODIAM) has announced plans for an online auction featuring 18 special stones. Scheduled from the 11th to the 18th of this month in Luanda, the auction will be conducted in collaboration with TRANS ATLANTIC GEM SALES. The auction will be exclusively electronic, with bidding closing on April 19th at 10:00 local time. Targeted at customers registered in SODIAM’s database with expertise in special stone sales, the lots will

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Economy Local News

Angola’s GDP Sees 1.4% Growth in Q4 2023

Angola’s Gross Domestic Product (GDP) expanded by 1.4% year-on-year in the fourth quarter of 2023 compared to the same period in 2022, according to data from the National Statistics Institute (INE). However, there was a 0.3% decrease in the economy from the third quarter to the fourth quarter of 2023, after seasonal adjustments. For the entire year of 2023, the Angolan economy grew by 0.9% compared to 2022. Key contributors to this growth were the

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Local News Oil Petroleum

Sonangol Trading Expands African Presence with Growth Plans

Sonangol Trading and Shipping, the international arm responsible for oil, derivatives, and natural gas transportation and marketing for Angola’s state oil company, is embarking on an expansion strategy across the African continent. Currently engaged with four countries – DRC, Namibia, Togo, and Cameroon – the company aims to strengthen its presence and trade volumes in these markets. Luís Manuel, President of the Executive Committee of Sonangol Trading and Shipping Business Unit (UNTS), revealed these plans

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Oil Gas Local News Petroleum

Angola and Brazil to Forge Partnership for Advancement in Oil and Gas Sector

Angola and Brazil are poised to strengthen their collaboration within the oil and gas sectors, driven by their robust growth trajectories. While existing partnerships have laid a solid foundation, exploring untapped opportunities could significantly bolster bilateral relations and spur mutual development. Angola’s premier event for the oil and gas industry, Angola Oil & Gas (AOG) 2024, will delve into how bilateral cooperation acts as a catalyst for progress. The event serves as a platform for

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Local News Oil Petroleum

KBR Wins Management Contract for Lobito Refinery Expansion in Angola

Engineering firm KBR has been awarded a project management contract for the development of the Lobito Refinery, a significant project located in Benguela Province, Angola. With a capacity of 200,000 barrels per day (bpd), this refinery expansion project marks a pivotal moment in Angola’s oil industry. Under the contract granted by Angolan national oil company Sonangol, KBR will oversee the engineering, procurement, and construction (EPC) phase of the project. This agreement solidifies a 20-year partnership

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Local Economy News Oil

Angola’s Rich Oil Production History Fuels Investor Interest

Angola’s robust history in oil production, dating back to its first commercial discovery in 1955, has played a pivotal role in its economic development, with the sector contributing 75% of the government’s revenue. As one of the continent’s leading producers, Angola is poised to maintain production at 1.1 million barrels per day (bpd) beyond 2027. Building on this foundation, Angola is actively attracting new investments to sustain oil production and expedite the development of new

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