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Diamonds International News

Diamonds for Development Fund Targets Capital Mobilisation for Botswana Diversification

Botswana’s Diamonds Fund Seeks to Unlock Private and International Investment for Economic Diversification Botswana’s newly established Diamonds for Development Fund is seeking to mobilise additional domestic, private, institutional and international capital to support economic diversification and long-term investment across the country. Speaking in Gaborone, Fund Chairman Dr Akinwumi A. Adesina said the Fund would bring together government, businesses, financial institutions, industry and development partners to transform high-potential opportunities into investable projects. The Fund was established

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Local News Oil Petroleum

China Turns to Angolan and Congolese Crude as Middle East Supply Disruptions Intensify

China Buys Angolan and Congolese Oil as Middle East Supply Disruptions Tighten Global Markets Chinese independent refiners have increased purchases of crude oil from Angola and the Republic of Congo as disruptions to Middle Eastern supplies force buyers to seek alternative sources. The purchases form part of a broader effort by Chinese refiners to secure crude from international markets as supplies from Iran and Russia become more difficult to obtain amid the ongoing conflict involving

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International News Oil

Senegal prepares 109 oil and gas blocks for new investment

Senegal to market 109 oil and gas blocks as government seeks new exploration investment Senegal is preparing to market 109 oil and gas blocks to local and international investors as the government seeks to expand exploration and attract new investment across its petroleum sector. The initiative forms part of Senegal’s strategy to increase exploration beyond its existing producing assets and make greater use of its offshore and onshore hydrocarbon potential. The government plans to promote

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International News Oil

Kenya targets first commercial Turkana crude exports in 2027

Kenya targets first Turkana crude oil exports in Q1 2027 as South Lokichar production starts Kenya is on track to export its first commercial crude oil from Turkana in the first quarter of 2027, with production from the South Lokichar Basin expected to begin in December 2026. The Energy and Petroleum Regulatory Authority (EPRA) said the project was progressing in line with the approved Field Development Plan, with first crude expected to be transported from

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Local News Transport and Logistics

Lobito Corridor targets major freight increase as rail investment accelerates

Lobito Atlantic Railway targets 800,000 tonnes of cargo in 2027 after US$300 million investment Lobito Atlantic Railway (LAR) is targeting a doubling of international cargo volumes to about 800,000 tonnes in 2027 as new investment strengthens the rail infrastructure connecting Angola with the mineral-producing regions of the Democratic Republic of Congo (DRC). The railway operator expects to move about 400,000 tonnes of international cargo in 2026, with volumes projected to rise to roughly 800,000 tonnes

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International News Oil

Enbridge expands US crude network with US$2.55bn Tallgrass deal

Enbridge to acquire 75% of Pony Express Pipeline in US$2.55bn Tallgrass crude oil deal Canadian energy infrastructure company Enbridge has agreed to acquire Tallgrass Energy’s crude oil transportation business for US$2.55 billion, expanding its pipeline and storage footprint across key US producing regions. The transaction will give Enbridge a 75% interest in the Pony Express Pipeline, a 1,050-mile crude oil system with capacity of about 460,000 barrels per day (bpd), linking oil production in the

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Expos & Events International News

Africa Energy Bank Expected to Launch in November 2026

Africa Energy Bank Set for November 2026 Launch to Boost Financing for African Energy Projects The Africa Energy Bank (AEB) is expected to launch in November 2026, marking a major step towards establishing a dedicated African financing institution for energy development. African Energy Chamber (AEC) Executive Chairman NJ Ayuk said the African Petroleum Producers’ Organization (APPO) and African Export-Import Bank (Afreximbank) are preparing to bring the institution into operation. Speaking in Luanda, Angola, Ayuk said

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Local Mining News

Angola Strengthens Position as Destination for Australian Mining Investment

Angola Attracts Australian Mining Investors as Business Environment Improves Angola is positioning itself as an increasingly attractive destination for Australian private investment, particularly in the mining sector, as bilateral business ties gain momentum. Speaking at the first Australia/Angola Business Forum in Perth, Australian businessman Stephen Lee Wetherall, who has operated in Angola since 2014, described the country as a safe and recommendable destination for Australian investment in Africa. The forum was held alongside the Africa

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Expos & Events Local News

Angola Oil & Gas 2026 Set to Drive Investment, Energy Transition and Local Content

Angola Oil & Gas 2026 Brings Together 3,000+ Delegates from 40+ Countries to Discuss Energy and Investment Angola Oil & Gas (AOG) 2026 is set to bring together thousands of energy professionals, investors and industry leaders in Luanda as Angola positions its oil and gas sector for further investment, growth and diversification. The seventh edition of the conference and exhibition is expected to attract more than 3,000 delegates from over 40 countries, representing more than

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Local Mining Projects News

Tetelo Mine Accelerates Expansion with New Copper, Zinc and Lead Processing Plants

Angola’s Tetelo Mine Targets 14,000 Tonnes-Per-Day Processing Capacity with New Copper, Zinc and Lead Plants Angola’s Tetelo mine in Uíge Province is expanding its processing operations with two new plants as the operator seeks to increase production and diversify into copper, zinc and lead. The expansion, being undertaken by Shining Star Icarus, includes a 3,200-tonne-per-day copper processing plant at Mavoio-Cuia and a 3,000-tonne-per-day zinc and lead processing plant at Mueji. The new facilities form part

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