Angola’s Luvo and Yema Logistics Hubs Set to Boost Trade and Supply Chains with DR Congo Luanda — The planned logistics platforms at Luvo and Yema are expected to significantly enhance cross-border trade between Angola and the Democratic Republic of the Congo (DRC), according to officials from the Angola Cargo and Logistics Certification Regulatory Agency. Mateus Simão, administrator for the Technical Area and Operations at ARCCLA, said the strategic logistics platforms are designed to leverage
Angola Awards $54.4 Billion in Oil Contracts to Boost Local Content, Jobs, and Economic Diversification Angola’s oil industry awarded contracts worth $54.4 billion between 2022 and 2025, with 97% allocated to domestically registered companies, the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, announced. Speaking at the Annual Local Content Conference in Luanda, Azevedo said the contracts, approved by the National Agency of Petroleum, Gas and Biofuels (ANPG), cover investments across exploration, development, operations,
Rising Global Oil Prices Boost Angola’s Revenue but Threaten Inflation, Says Minister Angola could benefit from rising global oil prices due to the ongoing conflict in the Middle East, but the country also faces potential inflationary pressures from higher import costs, the Minister of State for Economic Coordination, José de Lima Massano, warned on Friday. Speaking at the first edition of the conference “Radar Africa – Angola’s Paths” in Lisbon, organized by Jornal de Negócios,
U.S. Imports of Nigerian Crude Halve in January Amid Rising African Competition The United States sharply reduced its imports of Nigeria’s crude oil in January 2026, cutting volumes by nearly half and highlighting intensifying competition in Africa’s oil sector. Data from the U.S. Census Bureau and Bureau of Economic Analysis show imports fell 47.2% month-on-month, declining from 3.15 million barrels in December 2025 to 1.66 million barrels in January, marking one of the steepest short-term
Angola Launches $2.5 Billion Dollar Bond Sale Boosted by Higher Oil Prices Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, capitalizing on higher oil prices driven by the Iran–Israel conflict to attract strong investor demand. Africa’s third-largest oil producer is offering $1.5 billion in seven-year bonds at a yield of 9.375% and $1 billion in 11-year bonds at 9.875%, according to a source familiar with the matter. Both yields are
Spain and Algeria in Talks to Increase Gas Supply by 10% Through Medgaz Pipeline Amid European Energy Concerns Spain and Algeria are in advanced negotiations to increase gas supplies through the Medgaz pipeline, potentially boosting flows by up to 10%, as Europe seeks more secure energy sources amid geopolitical tensions. Two sources familiar with the discussions told Reuters that a preliminary agreement could be reached during Spanish Foreign Minister José Manuel Albares’ visit to Algiers
Egypt Deploys Valaris DS-12 to Boost Offshore Gas Exploration and Production Egypt has entered a new phase of offshore gas exploration with the arrival of the drillship Valaris DS-12 in its territorial waters. The deployment marks the start of a drilling program targeting four new wells in Egypt’s offshore fields. The drillship will initially drill one production well and one exploratory well for BP. Subsequently, it will drill two additional exploratory wells for Arcius Energy,
Record Gold Prices Push South African Miners to Focus on Shallow Projects as Production Stagnates Record-high gold prices are prompting South Africa’s struggling mining sector to explore new methods of recovering the metal that avoid the high costs and operational risks associated with traditional deep-level mining, industry executives say. However, with limited investment in new mine development, the sector is unlikely to significantly increase output in the near term. This continues a long-term decline for
Mozambique Gold Production Falls 17% in 2025 as Government Halts Mining in Manica Over Environmental Damage Mozambique’s gold production declined by 17% to 1.349 tonnes in 2025, falling short of official targets after mining operations in Manica Province were suspended due to environmental concerns, according to government data. Figures contained in the government’s budget execution report for 2025 show that gold production reached only 82% of the planned target, interrupting a pattern of steady annual
President Daniel Chapo Says Mozambique Ready to Export Natural Gas to Kenya and Become Top Global LNG Producer The President of Mozambique, Daniel Chapo, said on Thursday that the country is emerging as a strategic alternative supplier of natural gas to global markets, particularly within Africa, and signaled openness to exporting gas to Kenya through Mozambique’s port infrastructure. “Gas can be exported from Mozambique to Kenya and benefit our brother country and the Kenyan people.
