Middle East Conflict May Cut 120 bcm of Global LNG Supply by 2030, Warns International Energy Agency The ongoing conflict in the Middle East could result in the loss of approximately 120 billion cubic metres (bcm) of liquefied natural gas (LNG) supply between 2026 and 2030, representing around 15% of expected global supply growth, according to the International Energy Agency (IEA). In its latest quarterly gas outlook released on April 24, the IEA said the
Africa Finance Corporation and AfDB Back $5 Billion Lobito Corridor Railway to Connect Zambia Copper Mines to Angola Port The Africa Finance Corporation (AFC) and the African Development Bank (AfDB) have each committed $500 million toward the development of the Lobito Corridor railway project, a strategic infrastructure link designed to connect Zambia’s copper-rich regions to global markets through the Angolan port of Lobito. In addition, Italy will contribute approximately $320 million to the project, according
Kimberley Process Chair Calls for Digital Traceability and Stronger Compliance to Boost Global Diamond Certification Credibility The Kimberley Process (KP) must strengthen its digital communication systems and adopt more robust traceability standards to reinforce trust in the global diamond certification system, according to KP 2026 Chair Suchindra Misra. Misra, appointed by the Government of India to lead the initiative this year, emphasized the need to modernise the Kimberley Process Certification Scheme (KPCS) to address emerging
Burkina Faso Seeks 40% Stake in Kiaka Gold Mine as West African Resources Suspends Trading Over Ownership Shift Burkina Faso has notified West African Resources Limited of its intention to increase the state’s stake in the Kiaka gold mine from 15% to 40%, marking a significant escalation in government participation in one of West Africa’s key gold assets. The development comes as the Australian-listed mining company prepares for a sharp increase in production across its
Strait of Hormuz Disruptions Push Global Trade Toward Africa’s Red Sea, Gulf of Aden, and Atlantic Shipping Corridors Africa is emerging as an increasingly important player in global energy and maritime logistics as ongoing disruptions in the Middle East drive a significant rerouting of international shipping away from the Strait of Hormuz, one of the world’s most critical oil transit chokepoints. Recent shipping data indicates that traffic through the Strait of Hormuz has fallen by
Namibia Oil and Gas Sector Advances as Sintana Energy Plans Secondary Listing on NSX to Boost Local Investment Participation Namibia’s oil and gas industry is entering a new phase of financial development following the planned secondary listing of Sintana Energy on the Namibia Securities Exchange (NSX), a move widely seen as a milestone for local capital market participation in the country’s emerging upstream energy sector. The listing, announced at the Namibia International Energy Conference (NIEC)
African Development Bank Approves €7.33 Million for Uganda Rural Electricity Project to Expand Access and Complete Compensation Payments The African Development Bank (AfDB) Group has approved an additional €7.33 million in financing to complete compensation payments for communities affected by the Uganda Rural Electricity Access Project (UREAP) Phase I. Approved on 7 April, the funding is intended to close existing financing gaps, ensure full compensation for project-affected persons, and support the completion of outstanding environmental
ReconAfrica Enters Angola Oil Exploration with New Partnership as Kavango Basin and Gabon Projects Advance Reconnaissance Energy Africa (ReconAfrica) has expanded its African exploration footprint, marking a strategic entry into Angola while continuing to advance key oil and gas projects across the continent. The company confirmed new exploration activity in Angola alongside ongoing developments in Namibia and Gabon, as it strengthens its position in several high-potential sedimentary basins. Angola Entry Marks Strategic Expansion A major
Uganda Eyes Double-Digit GDP Growth from Oil Production Despite Pipeline Delays and 2027 Output Risks Uganda is projecting that its Gross Domestic Product (GDP) could grow by more than 10% once commercial oil production begins, according to government statements shared on X. The state also announced it has allocated UGX 24.3 billion (approximately $6.57 million) to accelerate preparations for production. The government maintains that oil output could begin this year, marking a major milestone in
Angola Boosts Mining Oversight in Huíla as Government Targets Illegal Mining and Advances Digital Licensing System Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, conducted a working visit to Huíla Province this Monday, where he led a consultation meeting with operators in the ornamental stone sector. The discussions focused on key industry challenges, including licensing procedures, sector registration, and the rollout of digital systems for mining administration. The meeting took place in Lubango
