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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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Local Gas Oil

Angola’s 2024 Oil and Gas Exports Yield $31.4 Billion

Angola generated $31.4 billion in 2024 from the export of 393.4 million barrels of crude oil, sold at an average price of $79.70 per barrel, according to a government statement on Thursday. The Secretary of State for Oil and Gas, José Barroso, reported that China was the top destination for Angola’s oil exports, receiving 51.91% of the total, followed by India with 10.02%, Spain with 6.27%, and Indonesia with 4.81%. While the export volume increased

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Local Exploration News Oil

Angola’s Parliament Approves Block 14 Oil Concession Changes for Joint Exploration with DR Congo

Angola’s Parliament unanimously approved a request this Wednesday for authorization to modify the oil concession for Block 14, which includes areas of joint exploration between Angola and the Democratic Republic of Congo (DRC). In his presentation, the Secretary of State for Oil and Gas, José Barroso, explained that the proposed changes involve detaching the Negaje and Menongue development areas from Block 14 for integration into the Block 14/23 concession. This adjustment will help redefine the

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Corporate News Diamonds Local

Lucapa Diamond Company Unveils Promising Results from Geophysical Survey at Merlin Project

Lucapa Diamond Company (ASX: LOM) has achieved significant results from the first geophysical survey conducted in 25 years at its Merlin diamond project in the Northern Territory, utilising advanced exploration technology. A preliminary review of the electromagnetic (EM) survey data revealed two large, highly conductive base metal targets, prompting the company to plan follow-up ground-based geophysics to further define these targets. A second phase of survey data processing is in progress, aimed at identifying new

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Local Mining Projects News

Absa Bank Backs $160 Million Loan for Pensana’s Angola Rare Earths Project

Pan-African lender Absa Bank, through its Corporate and Investment Banking division, has conditionally approved a credit term sheet for a 50% participation in a $160-million syndicated loan facility for London-listed Pensana’s Longonjo rare earths project in Angola. The approval is subject to the conclusion of definitive loan documentation, fulfilment of specified conditions, and obtaining political and commercial risk insurance from a reputable insurer for Absa’s exposure under the facility. The loan will provide senior funding

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Local Transport and Logistics

SADC Ministers Convene in Lobito to Discuss Agency’s Organizational Framework

Members of the Committee of Ministers from the Southern African Development Community (SADC) are meeting today in Benguela to deliberate on the organizational structure of the Agency. This marks the second meeting of the group, held in the rail-port city of Lobito. The discussions aim to refine the framework and operations of the Agency, aligning it with SADC’s goals of regional cooperation and sustainable development. Lobito, renowned for its strategic position and infrastructure connecting inland

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Expos & Events Local

Angola Oil & Gas Launch Reception Scheduled for January 28 in Luanda

The Angola Oil & Gas (AOG) Conference and Exhibition 2025 will officially launch with an exclusive reception event on January 28, 2025, at Lookal Beach Club in Luanda from 18:00 to 21:00. This event marks the beginning of preparations for the 6th edition of Angola’s premier oil and gas conference, scheduled for September 2025. AOG continues to serve as the cornerstone of Angola’s oil and gas sector, fostering investment opportunities, facilitating partnerships, and advancing key

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Corporate News Local Oil

Oando Energy Secures Operatorship of Angola’s Block KON 13

The National Agency for Petroleum, Gas, and Biofuels (ANPG), Angola’s upstream regulator, has announced the results of the Limited Public Tender for Block KON 13 in the Kwanza Onshore Basin. Oando Energy, a Nigerian independent exploration and production (E&P) company, has been confirmed as the operator of Block KON 13 with a 45% stake, according to Africoilgasreport. The tender process began on May 24, 2024, and closed on September 3, 2024. ANPG noted that 10%

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Local News Transport and Logistics

EU Commits to Supporting Sustainable Development of Lobito Corridor

The European Union (EU) has expressed its interest in participating in the development of the Lobito Corridor, recognizing its potential for sustainable and inclusive economic diversification, including increased household income in the region. Sylvie Millot, Head of the EU’s Southern Africa and Indian Ocean Unit, confirmed this on Friday in Benguela, following a courtesy meeting with the provincial governor of Benguela. She emphasized that the Lobito Corridor is a key priority for the EU in

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