ENDIAMA is increasingly committed to the qualified training of Angolan students in the field of engineering, said the executive director of the national diamond company of Angola, Domingos Margarida, when he witnessed on behalf of president Ganga Júnior the delivery of ten computers to the Department of Education and Research of Engineering School of the Agostinho Neto University. He explained that the offer of the computers resources to the institution of the higher education is
The growth and robustness of the Angolan economy in the next decade will largely be based on the increased productivity of public companies. The profitability and productivity of these companies will be fundamental for the balance of public accounts and will allow the government to effectively manage or even divest the state’s stakes in these companies, creating many investment opportunities for existing and potential players. Sonangol Drives Multi-Faceted Energy Growth The cornerstone of Angola’s economic
Angola is well-positioned to leverage its world-class oil and gas resources to promote trade, collaboration and growth within the wider African energy economy. Set to bring about significant opportunities for the entire southern African region, the country’s participation within regional energy networks based on the creation of hubs and pipeline systems will serve as the backbone for the distribution of power and socioeconomic development between countries in the region. Southern African Development Community Angola is a
The Federal Government of Nigeria stated on Thursday 13th April that N13 trillion was spent on petrol subsidies between 2005 and 2021. It also stated that N16.3 trillion was lost to oil theft from 2009 to 2020. At a policy dialogue on oil swap that was co-hosted by the Nigeria Extractive Industries Transparency Initiative and Policy Alert, an indigenous civil society organization, with assistance from the Opening Extractives, it was revealed in Abuja. Orji Ogbonnaya-Orji,
Russian oil exports reached a three-year peak in March despite sanctions, but gains are lower than in 2022, according to data released this Friday 14th April by the International Energy Agency (IEA). Ukraine’s allies have adopted economic sanctions against Moscow to reduce Russia’s ability to finance the war effort that began with the invasion of the neighboring country on February 24, 2022. Even so, Russian oil exports increased in March by 600,000 barrels a day
The Secretary of State for Mineral Resources said Friday 14th April in Luanda that the adoption of a governance model for the mining sector, based on institutions such as the Geological Institute, the National Agency for Mineral Resources and state companies (Endiama and Sodiame) with the structure to lead the activity, are some of the pillars needed to transform the country’s resource potential into real wealth, in favor of improving the living conditions of the
The balance of direct investment in 2022 was a deficit of US$6.1 billion, against US$3.2 billion in the previous year, justified mainly by the increase in investments recovered by companies in the oil sector. Since 2015, new investments in the oil sector have been lower than recovered investments. The United States of America, France and Italy were the countries that stood out in terms of the origin of foreign direct investment destined for the oil sector.
The Yetwene Project, an alluvial diamond mine with an extension of 508 square kilometers, located in Lukapa, Lunda-Norte, will begin operating in the coming days, with a production of around 10,000 carats per month, announced Friday 14th April the Chairman of the Board of Directors of Endiama, José Ganga Júnior. With an investment in the prospecting phase of around US$25 million, the project generated a total of 500 jobs. With a 20 percent stake in Endiama, the mine
The National Diamond Company of Angola is evaluating a proposal aimed at installing, in the near future, simulators for training mining operators at the ENDIAMA Technical-Professional Training Centre, located in Saurimo, Lunda Sul. The information was provided, Monday 10th April, in Luanda, by the director of Studies and Projects at the company, Ady Van-Dúnem. The person in charge made it known that the aforementioned equipment allows technicians who will operate an excavator or a bulldozer machine to
Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango Diamond Company (ODC). The move comes after the southern Africa nation acquired last month a 24% stake in Belgian diamond processing firm HB Antwerp for an undisclosed sum. Analysts saw this deal as a way for Botswana to loosen the Anglo American-owned miner’s grip on its diamond
