Lucapa Diamond Company Limited (ASX:LOM) in collaboration with its Angolan partners Endiama and Rosas and Petalas, has announced the discovery of two significant diamonds in February at the Lulo Mine. Both remarkable finds, weighing over 100 carats each, were unearthed from the terraces of Mining Block 46. Among them is a 116-carat type IIa diamond, known for its exceptional quality, which will be showcased in a future tender along with other high-value type IIa diamonds
The deadline for selling 37.47% of the shares in the Angolan oil exploration company, ACREP, via the Angolan Debt and Stock Exchange (BODIVA), has been extended until 3pm on the 15th of this month, a decision ratified by the Capital Market Commission (CMC). Initially, interested parties and investors could purchase shares between February 19th and March 1st, 2024. However, the extension is attributed to various factors, including the surge in requests for account openings towards
The Executive Board of the International Monetary Fund confirmed that 2023 was a difficult year with many challenges, but that the foundations for recovery in 2024 and contributions from 2025 have been laid. The Executive Board of the International Monetary Fund (IMF) expects economic growth in Angola to recover in the short term. This scenario will result in improved oil production and the recovery of the non-oil sector. The information is contained in the final
Angola has set a target of 60% access to electricity by 2025 under the strategic plan ‘Visao 2025,’ of which solar is poised to play a central role. Supporting electrification as well as diversification, solar projects are being rolled out by the government alongside international partners and project developers. Masdar to Build 150 MW Solar Project An agreement for the development of a 150 MW solar plant was signed between Angola’s Ministry of Energy and
The Minister of State for Economic Coordination of Angola, José de Lima Massano, and the Minister of Foreign Affairs of Brazil, Mauro Vieira, held a meeting last week as part of the G20 foreign ministers’ meeting, which has been taking place since Wednesday. fair, in Brazil. At the meeting, the two ministers discussed the expansion of commercial and economic cooperation, the opening of the Consulate General of Brazil in Luanda, which will represent the opportunity to
Etu Energias Distribuição is gearing up to unveil its latest line of lubricants on March 6th, aligning with its mission to fuel the country’s growth and invigorate the Angolan market. The launch event aims to educate consumers about the benefits of lubricants, with specialized technicians delivering presentations highlighting the diverse range of products available and their advantages. As a leading energy operator, Etu Energias is committed to various facets of the petroleum industry, including import,
The upcoming 5th edition of the International Conference “Angola Oil & Gas – AOG/2024” is poised to bolster the oil industry and national economy, stated Alexandre Barroso, Secretary of State for Oil and Gas, during a press briefing in Luanda last Tuesday. Scheduled for October 2nd and 3rd, the conference’s theme, “Boosting Exploration and Development to Increase Production in Angola,” underscores the imperative of addressing production decline through enhanced exploration efforts. Barroso emphasized the sector’s
The Minister of Planning, Victor Hugo Guilherme, and the Regional Director of the World Bank for Angola, DRC, São Tomé and Príncipe and Burundi, Albert Zeufack, met, on Monday, in Luanda, for the calendar and program of reforms of the second budget support operation. During the meeting, those responsible also discussed the launch of the preparation of the new cooperation framework between the World Bank and the Government of Angola for the period 2024-2029 and
TAAG Angola Airlines and Network Airline Management are pleased to announce the renewal of their long-term freighter aircraft contract, sealing their ongoing partnership for the foreseeable future. Resuming its regular weekly scheduled service from Liege, Belgium, to the capital of Angola, Luanda, NAM provides a Boeing 747-400F aircraft with nose door capability offering up to 120,000 kilos cargo capacity. The weekly freighter will operate every Friday directly to the newly opened Dr. António Agostinho Neto
Angola recently marked a significant milestone in its energy sector with the completion of seven photovoltaic plants, boosting the public electricity network by an additional 370 megawatts and extending benefits to over 500,000 inhabitants in rural areas. The Minister of Energy and Water, João Baptista Borges, unveiled this information during the inauguration of the 25th meeting of the Steering Committee of the Central African Energy Hub (PEAC) held in Luanda. In his address, Minister Borges
