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International News Renewable Energy

Africa’s Solar Boom Drives 83% Surge in Chinese Panel Imports Amid Worsening Power Shortages

African Demand for Chinese Solar Equipment Surges 83% as Energy Crisis Accelerates Renewable Transition Africa’s deepening electricity shortages and rising energy costs are fueling a sharp increase in demand for Chinese solar equipment, further consolidating China’s dominance in the global renewable energy supply chain. New customs data released by China shows that exports of solar cells and panels to African countries rose 83% year-on-year in April, reaching 123,787 metric tonnes, up from 67,552 tonnes during

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Local Gas News Oil

Angola and Algeria Deepen Cooperation in Oil, Gas and Mineral Resources

Angola and Algeria Strengthen Energy and Mining Cooperation Following João Lourenço’s State Visit Angola and Algeria are advancing bilateral cooperation in the oil, gas and mineral resources sectors following high-level discussions between Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and Algerian Ambassador to Angola, Mounir Bourouba. The meeting, held on Monday at Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET), focused on the implementation of agreements signed during President João Lourenço’s

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Local News Renewable Energy

Angola Inaugurates Luau Solar Park to Power Rural Communities and Strengthen Lobito Corridor

Angola Launches Luau Solar Park to Electrify 20,000 Homes and Boost Lobito Corridor Development The Angolan government has described the newly inaugurated Luau Photovoltaic Solar Park as a strategic infrastructure project that will strengthen the Lobito Corridor while advancing rural electrification, sustainable development and economic inclusion. The solar park, inaugurated on Monday by President João Lourenço in Luau municipality, Moxico Leste Province, forms part of Angola’s broader effort to expand access to clean energy and

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International Diamonds News

Zimbabwe Aims to Increase Diamond Production Amid Weak Global Prices and Industry Challenges

Zimbabwe Targets 5 Million Carats Diamond Output Despite Global Price Decline and Market Pressures Zimbabwe Consolidated Diamond Company says it plans to raise diamond production to 5 million carats this year, despite continued weakness in global diamond prices and rising competition from synthetic stones. The target represents an increase of about 1.2 million carats compared with production levels in 2025, even as the global diamond industry faces sustained pressure from geopolitical tensions, shifting demand patterns,

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International News Renewable Energy

Egypt Secures Major EBRD Financing for 200 MW Solar and Battery Storage Project in Benban

EBRD Funds $70 Million Egypt Solar and Battery Project to Boost Renewable Energy Capacity The European Bank for Reconstruction and Development (European Bank for Reconstruction and Development) has approved up to $70 million in senior debt financing for a large-scale renewable energy project in Egypt that combines solar power generation with battery energy storage. The funding will support Nefer Benban for Renewable Energy, a special purpose vehicle established to develop, construct, and operate the project

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International News Oil

Eco Atlantic and Navitas Advance South Africa Offshore Exploration Partnership

Navitas Expands South Africa Offshore Position Through Eco Atlantic Block 1 CBK Farm-In Deal Eco Atlantic Oil & Gas has advanced its offshore South Africa partnership with Navitas Petroleum through a farm-down agreement covering Block 1 CBK in the Orange Basin. The development follows an earlier agreement in which Eco, through subsidiary Azinam South Africa, secured an exclusive option with local partner OrangeBasin Energies formerly Tosaco Energy to acquire an additional 20% participating interest in

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International News Oil

Zawiya Refinery Restarts After Fighting Disrupts Operations in Western Libya

Libya’s Largest Refinery Resumes Operations After Armed Clashes Trigger Temporary Shutdown Libya’s largest operating refinery in Zawiya has resumed operations after armed clashes near the facility forced a two-day shutdown, raising concerns over the security of the country’s critical energy infrastructure. The refinery, located about 40 kilometres west of Tripoli, suspended operations on Friday after fighting spread into nearby areas. National Oil Corporation confirmed that heavy artillery shells landed inside the refinery complex, although no

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International Gold News

Ghana Pushes to Increase Gold Purchases from Miners Under Expanded Reserve Strategy

Ghana Seeks Larger Share of Gold Output for Central Bank Reserves as Talks with Miners Continue Ghana is seeking to increase the share of gold production sold to its central bank by large-scale mining companies as part of an expanded reserve accumulation programme aimed at strengthening external buffers and supporting currency stability. Under the revised proposal, industrial gold miners would supply 30% of their annual production to the Bank of Ghana in dore form, up

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International News Oil

Egypt Announces Significant Oil and Gas Discovery in Western Desert After 15 Years

Egypt Uncovers Major Oil and Gas Reserves in Western Desert as Production and Investment Expand Egypt has announced its largest oil and gas discovery in its desert regions in more than 15 years, marking a significant development in the country’s upstream energy sector. The discovery was made through the Bustan South-1X exploratory well, drilled by Agiba Petroleum a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Eni using the EDC-9 drilling rig operated

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International News Oil

Nigeria Plans Equity-Based Chinese Partnership to Revive State-Owned Refineries

Nigeria Considers 51% Chinese Stake in Port Harcourt and Warri Refineries Under Major Refining Reform Plan Nigeria is considering a major restructuring of its downstream petroleum sector that could see Chinese investors take majority stakes in two of its key refineries as part of efforts to restore long-stalled operations and reduce dependence on imported fuel. The Nigerian National Petroleum Company Limited (NNPC) is reportedly advancing a proposal that could grant up to 51% equity participation

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