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Transport and Logistics Economy Local News

The Strategic Role of the Lobito Corridor in Angola’s Economic Growth

The revitalization of the Lobito Corridor, spearheaded by the Angolan government, represents a crucial step in reducing raw material costs and bolstering the industrial sector. This was emphasized on Monday in Benguela by Carlos Leiria, President of the Industrial Association of Angola (AIA) in the region. Leiria highlighted the economic advantages of utilizing this logistical hub, which includes the Lobito Port, the Benguela Railway (CFB), and road connections. He noted that optimizing the Corridor could

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International News Renewable Energy

Solarise Africa and Rubis Energy Kenya Launch Renewable Energy JV to Power East Africa

Renewable energy firm Solarise Africa has partnered with Rubis Energy Kenya to launch a joint venture (JV) named Rubisol, aimed at delivering renewable energy solutions to commercial and industrial businesses in East Africa. The Rubisol JV seeks to address the region’s growing demand for decentralized power systems as businesses increasingly turn away from unreliable national grid supplies. By providing locally produced, reliable, and affordable energy, the partnership aims to support economic growth and energy sustainability

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Diamonds International News

Botswana to Launch Diamond Export Certification Node by 2025

Botswana has partnered with the G7 diamond technical team to establish an export certification node by 2025, aiming to enhance traceability and transparency in its diamond trade with G7 markets. “Botswana is committed to pioneering traceability and responsible mining practices, ensuring that our diamonds not only shine in beauty but also embody integrity and ethical stewardship,” said Duma Boko, President of Botswana. The certification platform builds on a framework developed by Botswana and Belgium in

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International Gas News

Globeleq’s Mozambique Gas Plant Faces Delays, Set for 2025 Commissioning

Globeleq Inc.’s 450-megawatt Central Termica de Temane gas-fired power plant in Mozambique has been delayed until mid-2025 due to extreme weather events that impacted the construction site. The plant, originally slated to begin production this year, was delayed by Cyclone Freddy in 2023 and Tropical Storm Filipo in March 2024, which wreaked havoc along Mozambique’s coastline. In response to inquiries, Globeleq confirmed that these weather systems had disrupted construction and pushed back the plant’s commissioning

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International News Oil

Libya Achieves Highest Oil Production Levels Since 2013

Libya’s National Oil Corporation (NOC) announced a significant milestone on Tuesday, reporting daily oil production exceeding 1.4 million barrels—the highest level in over a decade. The NOC detailed that crude oil and condensate production surpassed 1.4 million barrels, with an additional 200,000 barrels of gas production. This brings Libya’s total daily hydrocarbon output to 1.6 million barrels. The NOC attributed this achievement to the tireless efforts of its workforce, praising their round-the-clock dedication. The statement

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Local Energy News

Angola Opens Electricity Transmission to Private Investment

The Angolan government has approved amendments to the General Electricity Law, removing the state’s monopoly on electricity transmission. This move aims to attract private investment, accelerate national electrification, and support regional energy interconnections, according to Secretary of State for Energy, Arlindo Bota. The proposed law, passed in parliament on Thursday, transitions the energy transport segment from exclusive state control to a public service concession model. Speaking during an extraordinary parliamentary session, Bota emphasized that this

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Diamonds Economy Local News

Sociedade Mineira do Luele Produces Over 4 Million Carats in First Year

Sociedade Mineira do Luele has achieved an impressive milestone, producing over 4.4 million carats of diamonds during its inaugural year of operations. This achievement was announced by Romulo Mucase, Chairman of the Board of Directors (PCA), during a speech on Saturday marking the mine’s first anniversary. The facility was officially inaugurated by President João Lourenço in November last year. According to a statement from Endiama, shared by VerAngola, Mucase praised the team’s efforts in overcoming

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Local Mining Projects News

Quartz Mining Project in Conda Set to Boost Local Development

The Chinese-owned company Saint Base Indústria Mineira, Lda, has unveiled its quartz mining project in the municipality of Conda, Cuanza-Sul province. The project will exploit a quartz deposit in the Kissasa region, located eight kilometers from the municipal center, covering an area of 400 hectares. It is expected to operate for an initial renewable term of ten years with an estimated investment of $20 million. At the project presentation on Thursday, Yu Zhihobhui, Chairman of

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Local Governance News

Biden’s First Visit to Angola to Strengthen U.S. Ties with Sub-Saharan Africa

Outgoing U.S. President Joe Biden is making a historic visit to Angola, fulfilling a pledge to strengthen U.S. ties with sub-Saharan Africa as competition with China intensifies. Biden, the first U.S. president to visit Angola since its independence in 1975, will spend three days in Luanda, from Monday to Wednesday, discussing economic, political, and cultural partnerships. The visit honors a promise Biden made in 2022 to engage more closely with Africa. Originally scheduled for October,

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Local News Transport and Logistics

World Bank Announces $300 Million Project for the Lobito Corridor

The World Bank is preparing a $300 million project for the Lobito Corridor, according to Victoria Kwakwa, the institution’s Vice President for Eastern and Southern Africa. She emphasized that participating countries must create favorable conditions for foreign investment. “The three countries involved must also focus on improving connectivity. Each must establish conditions to boost trade, address regulatory barriers, and develop infrastructure that enhances regional connectivity. This will enable the region to become a hub of

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