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Local News Oil

Tanzania Signals Interest in Angola’s Lobito Refinery Project

Tanzania Eyes Partnership in Angola’s Lobito Refinery as Regional Energy Cooperation Gains Momentum Tanzania has expressed its willingness to partner with Angola on the development of the proposed Lobito Refinery, a strategic project aimed at strengthening fuel security, reducing import dependence, and expanding refining capacity in Southern Africa. The potential collaboration highlights growing energy cooperation between African nations as governments seek to maximize the value of their natural resources and improve regional energy resilience. Tanzania’s

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Local Mining Projects News

Angola Approves New Mining Projects as Government Updates Concession Portfolio

Angola Extends Mining Rights, Revokes De Beers Prospecting Licence and Approves New Iron Ore Investment Contract Angola has introduced a series of measures aimed at strengthening the management of its mining sector, including the extension of existing mining rights, the revocation of a diamond prospecting licence and the approval of new mining concessions and investment contracts. The decisions form part of the government’s broader efforts to improve oversight of the country’s mineral resources and support

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International Energy News

Nigeria’s $300 Million DRE Fund Falls Far Short of Off-Grid Power Needs

Nigeria’s $300 Million Renewable Energy Fund Covers Just 2% of Off-Grid Electrification Requirement Nigeria’s ambitious efforts to expand electricity access through decentralized renewable energy (DRE) solutions have received a significant boost with the establishment of a US$300 million fund. However, industry experts warn that the financing package addresses only a small fraction of the investment required to bring power to millions of Nigerians who remain disconnected from the national grid. According to energy sector stakeholders,

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Transport and Logistics Local News

Zambia Lobito Railway Moves Closer to Construction as AFC Names Preferred EPC Contractors

AFC Selects Preferred Contractors for Zambia Lobito Railway, Paving the Way for Major Regional Trade and Mining Corridor Africa Finance Corporation (AFC) has taken a significant step toward advancing the Zambia Lobito Railway Project by announcing the preferred Engineering, Procurement and Construction (EPC) contractors for the transformative cross-border rail development linking Zambia to Angola’s Atlantic coast. The announcement follows a competitive international tender process for the 830-kilometre greenfield railway project, which is expected to strengthen

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International Gas News Oil

Namibia Urges Local Businesses to Position for Oil and Gas Opportunities

Namibia Calls on Local Companies to Build Capacity for Oil and Gas Supply Chain Contracts As Namibia moves closer to developing its offshore petroleum resources, President Netumbo Nandi-Ndaitwah has called on local businesses to strengthen their capabilities and prepare for opportunities emerging across the oil and gas value chain. Speaking at the opening of the Swakopmund International Trade Expo (SWAiTEX) in Swakopmund, Nandi-Ndaitwah emphasised that Namibian companies must take proactive steps to build the technical,

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Local Energy News

Namibia and Angola Fast-Track N$941 Million Power Interconnector and Baynes Hydropower Project

Namibia and Angola Prioritise N$941 Million Interconnector and Baynes Hydropower Project to Boost Regional Energy Security Namibia and Angola have reaffirmed their commitment to strengthening regional energy infrastructure by prioritising the N$941 million Angola-Namibia Interconnector and the long-planned Baynes Hydropower Project, two strategic initiatives expected to enhance power security, economic cooperation, and cross-border development. The projects were highlighted during the inaugural session of the Angola-Namibia Bi-National Commission (BNC) in Luanda, co-chaired by Namibian President Netumbo

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Local News Oil

Namibia’s President Visits Luanda Refinery as Angola Strengthens Regional Energy Cooperation

Namibia President Netumbo Nandi-Ndaitwah Visits Luanda Refinery During Angola State Visit Namibia’s President Netumbo Nandi-Ndaitwah visited the Luanda refinery in Angola on Tuesday, 20 October 2026, before concluding her state visit to the country, as both nations seek to strengthen cooperation in the energy sector. The visit provided an opportunity for the Namibian delegation to learn more about Angola’s petroleum refining operations and its efforts to expand domestic processing capacity. The Luanda refinery, operated by

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Local News Oil

President Lourenço Invites Namibia to Take Stake in US$6.6 Billion Lobito Refinery

Angola Invites Namibia to Invest in 200,000 bpd Lobito Refinery Project Angola has invited Namibia to acquire a stake in the Lobito refinery, a major downstream energy project under construction in Benguela Province that is designed to process 200,000 barrels of crude oil per day. Angolan President João Lourenço announced the invitation on 19 October 2026 during a state visit to Luanda by Namibian President Netumbo Nandi-Ndaitwah. The proposal forms part of efforts to deepen

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Local Energy News

Angola and Namibia Move to Accelerate Construction of US$1.5 Billion Baynes Dam

Angola and Namibia Advance 860 MW Baynes Hydropower Project as Financing Plans Take Shape Angola and Namibia are working to accelerate the construction of the Baynes Binational Hydropower Project, a US$1.5 billion development on the Cunene River expected to strengthen electricity supply and energy security in both countries. The energy ministers of the two countries met in Luanda on 16 October 2026 to discuss the project’s implementation schedule, financing arrangements and outstanding administrative requirements needed

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International News Oil

BW Energy Confirms Up to 9 Million Barrels of Recoverable Oil Offshore Gabon

BW Energy Identifies Up to 9 Million Barrels of Oil at Gabon’s Dussafu Field BW Energy has confirmed commercial oil volumes in two appraisal wells at the Dussafu field offshore Gabon, with combined gross recoverable resources estimated at between 8 million and 9 million barrels. The results from the 10P2 and 10P1 appraisal wells support plans to drill two additional production wells, with the first expected to be incorporated into the company’s ongoing MaBoMo Phase

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