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Local Governance News

Zambia’s Ambassador Attends Angola Diplomatic New Year Ceremony, Strengthening Bilateral Ties

Zambia Ambassador in Angola Attends Diplomatic New Year Ceremony, Boosts Regional Cooperation Zambia’s Ambassador to the Republic of Angola, His Excellency Reverend Dr. Elias Munshya, attended the New Year Greetings Ceremony of the Diplomatic Corps hosted by Angolan President João Lourenço in Luanda. The ceremony, held at the Protocol Complex of the Angolan Presidency, brought together members of the diplomatic community accredited to Angola. During the event, President Lourenço reaffirmed Angola’s commitment to peace, regional

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Diamonds Gold International Mining Projects News

Botswana Diamonds Secures New Licences to Expand into Copper and Gold Exploration

Botswana Diamonds Enters Copper and Gold Exploration with 7,000 km² of New Licences in Botswana AIM- and BSE-listed Botswana Diamonds has announced the award of eight prospecting licences covering approximately 7,000 km² in north-western Botswana, marking a potential entry into the copper and gold sectors. The licences, which are valid until December 31, 2028, were selected following an extensive AI-driven assessment of the company’s Botswana-focused exploration database, which spans about 95,000 km². The analysis incorporated

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Diamonds International News

Botswana’s Diamond Stockpile Swells as Low Prices Weigh on Economy

Botswana Diamond Stockpile Nearly Doubles Target Level Amid Prolonged Price Slump Botswana’s diamond stockpile has grown to nearly double its target inventory level as persistently low prices continue to limit production growth, constraining the country’s ability to stimulate economic activity in the short term, the finance ministry has said. According to the ministry, Botswana’s economy is expected to contract by almost 1% in 2025, following a 3% decline in 2024, largely as a result of

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International Gas News

AfDB Approves $150 Million Loan for Mozambique’s Coral North FLNG Project

African Development Bank Backs Mozambique’s Coral North FLNG Project with $150 Million Loan The African Development Bank (AfDB) has approved a $150 million senior loan to support the Coral North Floating Liquefied Natural Gas (FLNG) Project, a major offshore energy development in Mozambique. The decision was endorsed by the AfDB Board of Directors on 14 January. Coral North FLNG builds on the success of the Coral South FLNG project, which began operations in 2022. The

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International News Oil

Kenya Moves to Privatise State Oil Pipeline Operator in Landmark IPO

Kenya Launches $825 Million Oil Pipeline IPO as Government Accelerates Privatisation Drive Kenya has launched the sale of a 65% stake in its state-owned oil pipeline operator, targeting proceeds of 106.3 billion shillings (approximately $825 million) in what is set to become East Africa’s largest initial public offering (IPO) denominated in local currency. The offering is a central pillar of President William Ruto’s broader strategy to divest from state-owned enterprises and relieve mounting pressure on

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International News Oil

Uganda Moves Closer to $4 Billion Oil Refinery with UAE-Backed Partner

Uganda Advances $4B National Oil Refinery Project to Strengthen Regional Fuel Supply Uganda’s long-awaited national oil refinery has entered a critical phase, with the government nearing a $4 billion partnership with UAE-backed investor Alpha MBM Investments LLC, a development that could transform fuel supply dynamics across East Africa. After more than a decade of delays, the project is progressing toward a Final Investment Decision (FID), expected by July 2026, following the signing of key agreements

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Gold International News

Uganda’s Gold Exports Soar, Surpassing Coffee to Become Top Foreign Exchange Earner

Uganda’s Gold Exports Jump 76% to $5.8 Billion, Overtaking Coffee as Leading Export Uganda’s gold exports surged by 75.8% in 2025, reaching approximately $5.8 billion, marking a rapid transformation in the country’s export profile as gold overtook coffee as the leading source of foreign exchange. Data from the Bank of Uganda show shipments rose from about $3.3 billion in 2024, driven largely by record international gold prices that attracted new traders into the sector. Adam

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International News Oil

Cameroon’s Kribi Refinery Targets Early Start, Aiming to Cut Fuel Imports

Cameroon’s Kribi Oil Refinery to Begin Partial Operations in 2026, Nearly Two Years Ahead of Schedule Cameroon’s Kribi oil refinery is set to begin partial operations in the second half of 2026, almost two years earlier than its originally planned start date of June 2028, marking a significant milestone in the country’s efforts to strengthen energy security. In its initial phase, the refinery is expected to process around 10,000 barrels of crude oil per day—approximately

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Local Economy News Oil

Angola Set to Benefit from Rising Brent Crude Amid Iran Supply Risks

Brent Oil Climbs to $65.46 on Iran Tensions, Strengthening Angola’s Export Benchmark The price of a barrel of Brent crude oil, the international benchmark used for Angola’s oil exports, closed higher on Monday on the London futures market. Contracts for March delivery rose by 2.49 percent to $65.46 per barrel, driven by growing concerns over potential supply disruptions from Iran. The upward movement reflects heightened investor anxiety about instability in Iran, one of the largest

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Transport and Logistics Local News

Global Investment in the Lobito Corridor Surpasses $6 Billion

Lobito Corridor Attracts Over $6 Billion as Global Investors Back Africa’s Critical Minerals Route International investor momentum behind the Lobito Corridor continues to strengthen, with global financial commitments to the strategic regional infrastructure project now exceeding USD 6 billion. Linking the Democratic Republic of Congo (DRC), Angola, and Zambia to international markets via Angola’s Port of Lobito, the corridor is increasingly regarded as a cornerstone of Africa’s critical minerals supply chains and regional industrial integration.

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