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Local Corporate News Transport and Logistics

Africell Expands Digital Services in Angola Through Lobito Corridor

Africell is leveraging the Lobito Corridor to expand its digital technology and internet services across Angola, aligning with the United Nations’ 2030 Sustainable Development Goals (SDGs) and the National Development Plan (NDP) 2023-2027. The announcement was made by Jorge Vazquez, CEO of Africell Angola, during the company’s 25th-anniversary celebration in Luanda. He highlighted Angola’s market potential and the strong relationship between the Angolan government and the United States as key factors in Africell’s success. The

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Oil Exploration Local News

Angola Offers Marginal Fields for Exploration to Attract New E&P Firms

Angola’s National Oil, Gas & Biofuels Agency (ANPG) is offering five marginal fields for exploration, alongside 24 other block opportunities. Located in operated blocks with competitive fiscal terms, these fields present an accessible entry point for smaller exploration and production (E&P) firms aiming to expand or enter the region. The sixth edition of Angola Oil & Gas (AOG), scheduled for September 3-4, 2025, in Luanda, will spotlight Angola’s marginal field opportunities. The event will bring

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Local News Transport and Logistics

Angola President Inaugurates Barra do Dande Ocean Terminal’s First Phase

Angolan President João Lourenço has inaugurated the first phase of the Barra do Dande Ocean Terminal, a major development in the country’s oil and gas logistics infrastructure. The terminal will bolster Angola’s energy trade and enhance national oil company Sonangol’s fuel storage capacity. The terminal features 29 storage tanks with a combined capacity of 580,000 cubic meters for gasoline, diesel, and gas. A 1,700-meter jetty allows the facility to accommodate large vessels. A second phase

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Diamonds Corporate News Local

Endiama and N’Dumba Sign Diamond Exploration Agreement

Endiama, Angola’s state-owned diamond-trading company, has signed a mining investment agreement with N’Dumba, a subsidiary of the Jean Boulle Group, to engage in diamond prospection, exploration, and commercialization. The agreement was formalized at the Mining Indaba in Cape Town, South Africa, with Angolan Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and Rui Xavier, Angola’s ambassador to South Africa, in attendance during the signing ceremony, Endiama reported on Tuesday. The N’Dumba concession, located in

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Corporate News Diamonds Local

Lucapa Diamond Company Faces Disruption at Lulo Mine Due to Local Blockade

Lucapa Diamond Company is currently facing a production disruption at its Lulo mine in Angola after local community leaders barricaded all entrances to the site, making a series of unreasonable demands, according to the company. While the blockade remains peaceful, it has prevented Lucapa’s workers from entering or exiting the site. The company expressed concern for the safety of its employees should it attempt to break through the barricade. Although the workers who are inside

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Diamonds Corporate News Local

Lucapa Diamond Company Faces Revenue Slump Amid Falling Diamond Prices

Lucapa Diamond Company reported a sharp 71% year-on-year decline in revenue for the fourth quarter of 2024, as the lower proportion of large diamonds significantly impacted the average price per carat. Sales from the company’s Lulo mine in Angola dropped to $10 million for the quarter, with the average price per carat plunging by 80% to $1,251. However, the company saw a 42% increase in sales volume, reaching 8,016 carats. The steep drop in average

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Local Energy News

Congo-DRC-Angola Power Line Set for 2025 Launch

The European Union (EU) will commission a 1,400 kV power transmission project in 2025, linking the Republic of Congo, the Democratic Republic of Congo (DRC), and Angola. Known as the Boucle de l’Amitié Énergétique, this initiative aims to address chronic electricity shortages, enhance regional energy security, and support economic development. Electricity access in the Republic of Congo remains limited, with only 68% of urban areas and 12% of rural areas connected to the grid. The

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Local News Transport and Logistics

AD Ports Group Launches $250M Investment to Modernize Luanda Terminal and Logistics Hub

AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics, and industry, has officially commenced the long-term management and development of a major multipurpose terminal and logistics business in Luanda, Angola. In partnership with Angolan firms Unicargas and Multiparques, the initiative aims to modernize port operations and strengthen regional trade networks. The Noatum Ports Luanda Terminal, Angola’s largest port, handles 76% of the country’s container and general cargo, serving as a critical gateway to

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Local News Transport and Logistics

TAAG Angola Airlines Receives First Boeing 787-9 Dreamliner, Advancing Fleet Modernization

TAAG Angola Airlines has welcomed its first Boeing 787-9 Dreamliner, marking a key milestone in its ongoing fleet renewal strategy. Leased from AerCap, this aircraft is the first of four Dreamliners ordered by TAAG, reinforcing the airline’s commitment to expanding its long-haul operations and enhancing passenger experience. The new Dreamliner arrived in Luanda just ahead of Angola’s Liberation Day on February 4, featuring TAAG’s updated livery and symbolizing nearly 50 years of partnership with Boeing.

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Local Infrastructure News

Namibe Ornamental Rock Development Hub Begins Construction

The construction of the Ornamental Rock Development Hub in Namibe province officially began on Tuesday with the laying of the first stone. The event was attended by the Secretary of State for Mineral Resources, Janio Correa Victor, and the provincial governor, Archer Mangueira, who jointly led the ceremony. The hub, set to create approximately 400 jobs, is being developed by Telhabel. According to a statement from the provincial government of Namibe, the project aims to

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