Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail
Tanzania and Angola Advance Rail Partnership to Connect East and West African Trade and Mining Corridors Tanzania and Angola have agreed to strengthen cooperation on a landmark rail connectivity initiative that aims to link the Indian Ocean and Atlantic Ocean coasts, creating a strategic transport corridor for trade, mining exports and regional economic integration. The agreement focuses on connecting Tanzania’s Central Corridor and the Tanzania-Zambia Railway Authority (TAZARA) network with Angola’s Lobito Corridor, establishing a
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ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision
ExxonMobil Raises Rovuma LNG Stake to 50% as Mozambique’s US$30 Billion Gas Megaproject Moves Closer to Approval ExxonMobil has strengthened its position in Mozambique’s Rovuma LNG development after increasing its stake in the project from 37.5% to 50% through a strategic asset swap with Italian energy major Eni. The transaction reinforces ExxonMobil’s commitment to one of Africa’s largest planned natural gas developments and comes as project partners prepare for a final investment decision expected before
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Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth
AfDB Sees Angola’s Growth Accelerating as Economic Reforms Boost Stability and Investment Angola’s economy is showing renewed strength, with growth accelerating on the back of structural reforms, higher investment and improved macroeconomic stability, according to the African Development Bank’s latest Economic Outlook for the country. The report highlights Angola’s continued progress in reducing its dependence on oil revenues while strengthening its fiscal position and creating conditions for more diversified economic growth. Despite global economic uncertainties
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Angola Ranks Among the World’s Top Three Diamond Producers in 2025
Angola Becomes World’s Third-Largest Diamond Producer with 15.2 Million Carats in 2025 Angola has cemented its position as one of the world’s leading diamond-producing nations, ranking as the third-largest producer of natural rough diamonds in 2025 with an output of 15.2 million carats. The achievement highlights the continued growth of Angola’s mining sector and underscores the country’s increasing influence in the global diamond industry. According to figures released by the government, Angola trails only Russia
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