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Local News Transport and Logistics

Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail

Tanzania and Angola Advance Rail Partnership to Connect East and West African Trade and Mining Corridors Tanzania and Angola have agreed to strengthen cooperation on a landmark rail connectivity initiative that aims to link the Indian Ocean and Atlantic Ocean coasts, creating a strategic transport corridor for trade, mining exports and regional economic integration. The agreement focuses on connecting Tanzania’s Central Corridor and the Tanzania-Zambia Railway Authority (TAZARA) network with Angola’s Lobito Corridor, establishing a

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Local Economy News

Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth

AfDB Sees Angola’s Growth Accelerating as Economic Reforms Boost Stability and Investment Angola’s economy is showing renewed strength, with growth accelerating on the back of structural reforms, higher investment and improved macroeconomic stability, according to the African Development Bank’s latest Economic Outlook for the country. The report highlights Angola’s continued progress in reducing its dependence on oil revenues while strengthening its fiscal position and creating conditions for more diversified economic growth. Despite global economic uncertainties

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International News Renewable Energy

Mailo Solar Expansion Set to Boost Zambia’s Renewable Energy Capacity

Second Phase of Mailo Solar Project Strengthens Zambia’s Clean Energy Ambitions Zambia’s renewable energy sector is set for a major boost as development advances on the second phase of the Mailo Solar Project, a key initiative aimed at increasing clean power generation and enhancing national energy security. The expansion builds on the success of the project’s initial phase and reflects growing investment in utility-scale solar infrastructure as the country seeks to diversify its electricity mix

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International News Renewable Energy

Zambia Launches Solar Financing Initiative Targeting 120,000 Households

World Bank-Backed Solar Financing Programme Aims to Expand Energy Access to 120,000 Zambian Homes Zambia has launched a new results-based financing initiative designed to accelerate access to clean energy, with a target of delivering solar home systems to 120,000 households across the country. The facility, established by the Rural Electrification Authority (REA) under the World Bank-supported ASCENT Zambia programme, is intended to encourage private-sector investment in off-grid energy solutions while expanding electricity access to underserved

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International Energy News

Construction Begins on Zambia’s 56MWp Kafue Solar Project

Globeleq’s 56MWp Kafue Solar Project Breaks Ground, Strengthening Zambia’s Energy Security Construction has officially begun on the Kafue Solar Project in Zambia’s Lusaka Province, marking a significant milestone in the country’s transition toward a more diversified and resilient energy mix. The 56MWp solar facility is being developed by Globeleq through the GET FiT Zambia programme and is expected to begin supplying electricity to the national grid in the third quarter of 2027. The project is

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International News Renewable Energy

Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Egypt Advances Renewable Energy Ambitions with Preliminary Financing for $650 Million Scatec Solar Project Egypt has secured preliminary financing arrangements for a major $650 million solar energy project being developed by Scatec, marking another significant step in the country’s drive to expand renewable energy capacity and strengthen its position as a regional clean energy leader. The project is expected to play a key role in supporting Egypt’s energy transition strategy, which focuses on increasing the

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Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Angola Spends Nearly $1 Billion on Fuel Imports in Q3 as Government Pushes Refining Capacity Growth Angola spent approximately $1 billion on fuel imports during the third quarter, highlighting the country’s continued reliance on imported petroleum products despite being one of Africa’s leading crude oil producers. The expenditure underscores a long-standing challenge within Angola’s energy sector: while the country exports significant volumes of crude oil, domestic refining capacity remains insufficient to meet national demand for

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Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

Angola and South Korea Strengthen Electricity Sector Cooperation to Accelerate Energy Infrastructure Investment Angola and South Korea have reinforced their cooperation in the electricity sector, paving the way for increased investment, technology transfer, and the development of critical energy infrastructure aimed at expanding access to reliable power across the country. The enhanced partnership reflects Angola’s ongoing efforts to modernize its power industry and attract international investment to support economic growth and industrial development. By leveraging

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Local Gas News

Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development

Diamantino Azevedo Urges Greater Natural Gas Cooperation to Drive Sustainable Growth Across Producing Nations Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, has called for the sustainable development of natural gas resources and deeper cooperation among producing countries, emphasizing the fuel’s growing importance in supporting economic growth, industrialization, and the global energy transition. Speaking on the future of the gas sector, Azevedo highlighted the need for producers to work more closely together to

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Local Economy News Oil

Angola Generates $8.33 Billion from Oil Exports in Third Quarter

Angola’s Oil Export Revenue Reaches $8.33 Billion in Q3 as Energy Sector Remains Economic Backbone Angola earned approximately $8.33 billion from crude oil exports during the third quarter, underscoring the continued significance of the petroleum industry as the country’s primary source of foreign exchange earnings and government revenue. The performance reflects Angola’s sustained position as one of Africa’s leading oil producers, with crude exports continuing to drive economic activity despite global market fluctuations and ongoing

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