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International News Oil Petroleum

Zambia Launches US$1.1 Billion Oil Refinery Project to Boost Energy Security

Zambia Launches US$1.1 Billion Crude Oil Refinery Project in Ndola to Boost Energy Security and Industrial Growth The Zambian Government has officially launched the construction of a US$1.1 billion crude oil refinery in Ndola, marking a significant milestone in efforts to strengthen the country’s energy security and accelerate industrial development. Speaking at the ground-breaking ceremony, Minister of Energy Makozo Chikote said the project is being driven by the private sector through Fujian Xiang Xin Corporation

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Diamonds International News

GIA Highlights the World’s Most Iconic Diamonds on World Diamond Day

World Diamond Day 2026: GIA Reveals History and Science Behind Legendary Diamonds In honor of World Diamond Day on April 8, the Gemological Institute of America (GIA) has showcased some of the world’s most famous and fascinating diamonds it has examined over the decades. Since its founding in 1931, GIA has become the global authority in gemology, assessing over four million diamonds annually and uncovering the science, history, and rarity behind stones that have captivated

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International News Oil

Middle East Oil Crisis Strains African Economies, Raising Inflation and Food Security Risks

Middle East conflict pushes global oil prices higher, threatening African currencies, debt, and food security A surge in global oil prices driven by the ongoing Middle East conflict is intensifying pressure on African economies, weakening currencies, raising debt costs, and fueling fears of a broader cost-of-living crisis. A joint report by the African Union, the African Development Bank, and the United Nations Development Programme highlights that at least 29 African currencies have depreciated since late

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Local Economy Gold News

Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy

Angola opens first gold refinery in 2026 to boost mining value, reduce reliance on oil and diamonds Angola, Africa’s second-largest oil producer, is set to operate its first gold refinery in the first half of 2026, signaling a push to diversify its economy and extract more value from mineral resources. The refinery, located in Viana near Luanda, has a processing capacity of approximately 20 kilograms per day. Construction and equipment installation have been completed, with

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International News Oil

Somalia Launches First Offshore Oil Drilling Campaign in Historic Energy Sector Milestone

Somalia Begins First Offshore Oil Drilling as Türkiye Deploys Deepwater Vessel to Unlock Potential Billion-Barrel Reserves Somalia is set to begin its first-ever offshore oil drilling campaign, marking a significant step in its long-delayed entry into the global energy market as the country seeks to unlock billions of barrels in potential hydrocarbon reserves. The East African nation has confirmed that a Turkish government-owned drilling vessel will arrive off its coast on Friday to commence deepwater

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International Gas News

Kenya Turns to Mozambique for Long-Term Gas Supply to Strengthen Energy Security

Kenya Seeks Long-Term Gas Imports from Mozambique as Rising Demand and Global Conflicts Disrupt Supply President William Ruto has announced plans for Kenya to secure long-term natural gas imports from Mozambique, as the country moves to stabilize energy supply and reduce reliance on distant markets affected by geopolitical tensions. The announcement followed a meeting at State House in Nairobi between President Ruto and Daniel Chapo, President of Mozambique, who is on a three-day state visit

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International Gas News

Algeria to Launch New Oil and Gas Licensing Round Offering Seven Exploration Blocks

Algeria Opens Seven Oil and Gas Blocks to Investors in New Licensing Round Starting April 19 The government of Algeria will launch a new international oil and gas licensing round on April 19, offering seven exploration blocks to energy companies as part of efforts to attract investment and expand activity in its upstream sector. The announcement was made by the National Agency for the Valorisation of Hydrocarbon Resources, the country’s official oil and gas licensing

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International News Oil

East African Crude Oil Pipeline Nears Completion as Construction Reaches 82%

EACOP Hits 82% Completion, Moves Closer to First Oil from Uganda to Tanzania The East African Crude Oil Pipeline has reached 82% overall completion as of April 2026, with construction progressing steadily across pipeline sections, pump stations, and export infrastructure in Tanzania and Uganda. The update was disclosed by the project company in its latest construction report, confirming that the 1,443-kilometre heated pipeline, designed to transport crude oil from Uganda to Tanzania’s coastline, is advancing

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Local News Transport and Logistics

Angola Pushes Formal Cross-Border Trade Reforms with DR Congo

Angola Strengthens Border Trade Formalization with DR Congo Through Digital Systems and Regional Agreements Luanda — The formalization of cross-border trade between Angola and the Democratic Republic of the Congo (DRC) is being driven by strategic reforms aimed at modernizing border operations and improving trade efficiency, according to Rui Miguêns de Oliveira. Speaking at the 3rd DRC-Angola Economic Forum in Kinshasa, the minister said the reforms align with regional and international commitments, including the Southern

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Local News Transport and Logistics

U.S. Backs Lobito Corridor Concession as Strategic Project in Partnership with DRC

United States Prioritizes Mota-Engil Concession for DR Congo’s Lobito Corridor to Strengthen Critical Minerals Supply Chains The United States has identified the awarding of the concession for the Congolese segment of the Lobito Corridor to Mota-Engil as a priority initiative under its strategic partnership with the Democratic Republic of the Congo (DRC), signed on December 4, 2025. Speaking at the Powering Africa Summit in Washington, D.C. on March 19, 2026, Nick Checker, a senior official

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