Gold Price Hits Record $3,600 in September 2025 — Analysts Predict $4,000 by 2026 Driven by growing expectations of lower interest rates in the United States, gold surged past the symbolic threshold of USD 3,600 per ounce for the first time in September 2025, reinforcing its role as a safe-haven asset in a turbulent global economy. Swiss bank UBS has revised its forecast upward, now projecting gold to reach USD 3,800 per ounce by the
Ghana Gold Board to Launch Local Refinery and Fire Assay Lab by October 2025 The Ghana Gold Board has announced that it will commence local gold refining and fire assay operations in October 2025, marking a major step toward adding value to the country’s mineral exports. The announcement was made by Sammy Gyamfi, CEO of the Gold Board, at the Mining and Minerals Convention in Accra on Tuesday, September 9, 2025. According to Gyamfi, the
Afreximbank, MDGIF Sign $500 Million Deal to Modernize Nigeria’s Gas Infrastructure and Boost Industrialisation The African Export-Import Bank (Afreximbank) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark Memorandum of Understanding (MoU) to accelerate the development and modernisation of Nigeria’s gas infrastructure. The agreement was formalised on the sidelines of the Intra-African Trade Fair (IATF2025) by Mrs. Helen Brume, Afreximbank’s Director and Global Head of Project and Asset-Based Finance, and Mr.
Angola’s Block 1/14 Set to Deliver First Gas in 2025 Angola’s national oil and gas concessionaire, the National Oil, Gas & Biofuels Agency (ANPG), has announced that first gas from offshore Block 1/14 is expected in 2025. The announcement was made by Paulino Jerónimo, President of ANPG, during the opening day of the Angola Oil & Gas 2025 Conference and Exhibition in Luanda on September 3. “We anticipate first gas from the block this year
Angola Announces 2025 Oil Licensing Round to Boost Exploration in Kwanza and Benguela Basins Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, has announced that the country’s next oil licensing round will be launched by Q4 2025, offering acreage in the Kwanza and Benguela basins. Speaking during a Ministerial Fireside Chat sponsored by Vitol at the Angola Oil & Gas Conference and Exhibition 2025, Minister Azevedo emphasized that the round is part of
Namibia Seeks Angola’s Guidance to Unlock Oil and Gas Potential and Drive Regional Energy Growth Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Hydrocarbons, underscored the critical role of regional collaboration in shaping Africa’s energy future during the Angola Oil & Gas (AOG) 2025 Conference and Exhibition. Delivering a keynote address on behalf of Kornelia Shilunga, Presidential Special Advisor and Head of the Upstream Petroleum Unit in the Office of the President, Shino
Financing Angola’s Energy Future: Banco BCS, BODIVA, AFC and Partners Showcase Funding Solutions for Local Companies Banco BCS-sponsored panel at the Angola Oil & Gas 2025 Conference and Exhibition shed light on the vital role of financing in unlocking opportunities for Angola’s local oil and gas companies. As Angola works to reverse declining oil production and increase the participation of indigenous service providers, the financial sector is stepping up to provide the tools and capital
Angola’s ANPG Boosts Mature Oilfield Output with Tax Incentives Under Incremental Production Decree Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency (ANPG), is taking decisive steps to revitalize production from the country’s mature oilfields through the implementation of the Incremental Production Decree. The policy, designed to unlock untapped opportunities in long-producing fields, offers a suite of fiscal and tax incentives aimed at sustaining national oil production above one million barrels per day. Speaking
Sonangol Unveils Plan for 100+ EV Charging Points and Solar Expansion to Drive Angola’s Energy Transition Angola’s national oil company, Sonangol, has announced plans to deploy more than 100 Electric Vehicle Charging Points (EVCP) across the country by 2028, reinforcing its commitment to the nation’s energy transition strategy. The announcement was made during a Sonangol-sponsored pre-conference workshop led by Jelson Pereira, Head of the Operational Management of Energy Assets Department at Sonangol Gas and Renewable
Lesotho Unveils Dual Mining Strategy: Stabilizing Diamonds While Exploring Rare Earth Potential The global diamond market may be under strain, but the Kingdom of Lesotho is charting a bold path forward. Speaking at the Africa Down Under conference in Perth, Prime Minister Sam Matekane unveiled a dual-track mining strategy aimed at stabilizing the country’s diamond sector while opening a new frontier in rare earth elements (REEs). Matekane acknowledged that the diamond industry is going through
