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Local News Transport and Logistics

World Bank Announces Major Funding Package to Support Growth Along the Lobito Corridor

World Bank Commits USD 600 Million to Boost Economic Diversification and Urban Development Along Lobito Corridor Luanda — The World Bank will mobilize USD 600 million to support economic diversification, urban development, and housing initiatives along the Lobito Corridor, the institution’s representative, Roland Yameogo, announced on Tuesday in Luanda. Speaking on the second day of the 7th African Union–European Union Summit, Yameogo explained that the funding will be split evenly: USD 300 million for economic

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Mining Local News

Minister Diamantino Azevedo Urges Acceleration of Mining Rights Processes

Angola Pushes for Faster Mining Rights Approvals to Boost Sector Efficiency The Minister of Mineral Resources, Petroleum and Gas, Diamantino de Azevedo, on Wednesday called for greater speed in granting mining rights, emphasizing that the sector has the capacity to significantly reduce current processing timelines. Speaking at the swearing-in ceremony for the reappointed Board of Directors of the National Agency for Mineral Resources (ANRM), the minister stressed that improved performance is expected, particularly in shortening

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Local Mining Projects News

Lead Mining Project Boosts Economic Prospects in Serra da Kanda

New Lead Mining Plant Begins Trial Operations in Serra da Kanda, Producing 500 Tons Daily A lead mining plant capable of producing 500 tons of lead per day has been operating on an experimental basis since the second half of this year in the Serra da Kanda municipality, Zaire province. According to Ana Matondo, the communal administrator of the newly established mountainous municipality, the plant is the result of private Chinese investment that began its

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Expos & Events Local News

AU–EU Summit in Luanda Seen as Key Step Toward a Prosperous and Sustainable Future for Both Continents

The chairman of the Committee of Permanent Representatives to the African Union (AU), Miguel Bembe, stated on Sunday that the 7th AU–EU Summit in Luanda is of vital importance, as it presents opportunities to build a prosperous and sustainable future for both Africa and Europe. Speaking at the opening session of the meeting between AU and EU officials—convened to prepare for the Summit of Heads of State and Government—Bembe highlighted that the strength of the

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Local Energy News

Angola and Germany Launch Major Study to Advance National Hydrogen Strategy

Germany to Fund Angola’s First National Hydrogen Potential Study by 2026 Germany will fund a baseline study on Angola’s hydrogen potential starting this year, according to Vandre Soellmeier, the German Economic Delegate in Angola. The announcement was made on Wednesday in Luanda during a conference on the Angola–Germany energy partnership, held as part of the state visit by German President Frank-Walter Steinmeier. Although the investment amount was not disclosed, Soellmeier said the study’s findings—expected in

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Local Economy Gas News Oil

Angola Reports $565 Million in Social Investment from Mineral, Oil, and Gas Companies

Angola’s Extractive Sector Channels Over $565 Million Into Community Development Projects in 2024 Companies operating in Angola’s mineral resources, oil, and gas sectors invested more than USD 565 million in 2024 across 860 social projects focused on education, health, economic development, culture, sports, environmental protection, and biodiversity. The figures were announced on Monday by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, during the public presentation of the 2024 Social Investment Report detailing

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International Gas News

Mozambique’s Cabo Delgado Sees Entrepreneur Boom After LNG Project Restart

Investor Momentum Builds as LNG Revival Reshapes Cabo Delgado’s Business Landscape Cabo Delgado is experiencing a marked surge in business activity following the announcement of the resumption of the Liquefied Natural Gas (LNG) project in the Rovuma Basin. The confirmation comes from the provincial representative of the Confederation of Economic Associations of Mozambique (CTA). Nearly four years after the Mozambique LNG project in Area 1 was halted due to terrorist attacks, the province’s economy is

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Local Energy News

Quibala Electrification Project Transforms Lives in Cuanza Sul

Cuanza Sul Expands Access to Electricity: Quibala Project Benefits 170,000 Residents The residents of Cuanza Sul are now enjoying greater access to electricity following the inauguration of the Quibala electrification project this Thursday. The ceremony was led by the Minister of Energy and Water, João Baptista Borges, who also launched new electrification works in the municipalities of Ebo and Conde. According to a statement from the Ministry of Energy and Water, obtained by VerAngola, Minister

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Local News Oil

Angola Reinforces Measures to Curb Fuel Smuggling and Promote Sustainable Resource Management

Angola Intensifies Actions Against Fuel Smuggling as Government Targets Sustainable Resource Development The Angolan Government continues to prioritize the fight against fuel smuggling, implementing a range of measures designed to discourage this persistent practice. The assurance was given by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, who reaffirmed the Executive’s commitment to curbing the illegal flow of fuel across borders. According to the minister, fuel smuggling is largely driven by significant price

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International News Oil

Uganda’s $4 Billion Oil Refinery Project Gains Momentum with New Investment Deals

Uganda Secures New Investors to Advance $4 Billion Oil Refinery Project Uganda’s ambitious $4 billion oil refinery project is accelerating after the government signed new agreements that brought additional foreign investors on board. The development signals growing international confidence in Uganda’s emerging energy sector. The latest contracts are designed to advance construction plans and strengthen the refinery’s capacity to process domestically produced crude oil. Petroleum Minister Ruth Nankabirwa said the renewed investor support reinforces the

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