Pensana Advances $250M Longonjo Rare Earth Project in Angola Toward 2027 Production
Pensana’s Longonjo Mine 22% Complete as Angola Rare Earth Project Targets 2027 Startup and Global Supply Chain Role London-listed Pensana is making steady progress on its $250 million Longonjo rare earth project in Angola, which remains on schedule and within budget for first mixed rare earth carbonate (MREC) production in 2027. The project is expected to operate over a 20-year mine life, initially producing 20,000 tonnes per year of MREC, with planned expansion to 40,000
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Zimbabwe Signs First Petroleum Production Sharing Agreement for Cabora Bassa Basin Development
Zimbabwe Enters Oil and Gas Era with First Production Sharing Deal for Invictus Energy’s Cabora Bassa Basin Project Zimbabwe has signed its first-ever petroleum production sharing agreement with Invictus Energy for the Cabora Bassa Basin, marking a major milestone in the country’s upstream oil and gas sector. The agreement covers development rights linked to the Mukuyu gas discovery and represents Zimbabwe’s initial formal step into production sharing arrangements for hydrocarbons exploration and development. The Cabora
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Dangote Eyes Kenya for $15–17 Billion East Africa Refinery Project
Dangote Considers Mombasa for 650,000 bpd Refinery as Kenya Competes with Tanzania for Mega Energy Project Nigerian billionaire Aliko Dangote is considering Kenya as the preferred location for a proposed 650,000 barrels-per-day oil refinery in East Africa, a landmark project that could reshape the region’s fuel supply landscape. According to a Financial Times report, Dangote made the remarks during an interview in Nairobi, stating that he now favours Kenya’s port city of Mombasa over Tanzania’s
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Angola Restructures Eurobond Debt with $750 Million Buyback and New Long-Term Issuance
Angola Launches $750M Eurobond Buyback and Issues New Bonds to Extend Debt Maturities to 2031–2037 Angola has announced the results of its tender offer for its 2028 and 2029 Eurobonds, confirming plans to repurchase part of its outstanding debt while issuing new longer-dated bonds to ease near-term fiscal pressures. Under the transaction, the government will pay bondholders approximately $750 million to buy back portions of its external debt. The Southern African oil producer had invited
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